SOL Faces Rejection at $210, Traders Watch $190 Support Zone

3 mins mins

Key Insights:

Solana faces strong resistance at $210, failing to break out after multiple rejection attempts.
$190 remains critical support; a drop below could signal deeper correction for SOL holders.
Potential Elliott Wave setup suggests breakout possible if SOL reclaims $211 with volume.

*SOL Faces Rejection at $210, Traders Watch $190 Support Zone*

Solana (SOL) was trading near $193 after facing resistance at $210. The price remains in a tight range between $190 and $210 as buyers try to stabilize the market after recent losses. The current 24-hour trading volume stands at over $9.1 billion, with a weekly price drop of more than 14%.

Price Struggles to Break Above $210

The 4-hour chart shows SOL moving in a sideways pattern after bouncing from the $170 zone. It rallied earlier to $253 but entered a correction phase shortly after. The recovery attempt faced multiple rejections at $210, forming a clear resistance zone that traders are now watching.

BitGuru noted,

“$SOL is hovering around $193, showing signs of a pullback after facing rejection near $210.”

This zone has been tested several times but failed to hold, reflecting strong sell pressure. Without a breakout above $210, the current price action remains inside a neutral-to-bearish consolidation.

$190 Support Key for Short-Term Structure

SOL was holding the lower end of its range at $190. A breakdown from this level may invite further downside toward previous support near $180. So far, buyers have managed to defend this zone with moderate bounces, keeping the price above key retracement levels.

The Fibonacci levels plotted on the 30-minute chart show that SOL bounced from the 1.0 level at $189.60. The price recovered quickly, showing a long lower wick. This suggests buying interest near that level, which could be a short-term floor. A drop below $189 would weaken the current setup and possibly trigger lower targets.

Wave Count Suggests Breakout Risk Above $211

According to Man of Bitcoin, the chart may reflect an early-stage Elliott Wave formation. He stated, “It’s possible that this 1-2 setup has already been completed.” The bounce from $189 aligns with the wave 2 bottom scenario, but the pattern remains unconfirmed.

$SOL: It’s possible that this 1-2 setup has already completed. The long wick to the downside indicates that buyers stepped in quickly. A break above $211 would signal that wave-3 is already unfolding to the upside. pic.twitter.com/yIRd0HZvhz
— Man of Bitcoin (@Manofbitcoin) October 16, 2025

To validate a wave 3 move to the upside, SOL would need to clear the $211 resistance with strong volume. The 0.382 and 0.5 retracement levels at $195.93 and $191.30 are key areas to monitor during the ongoing consolidation. Until a breakout above $211 occurs, the structure remains uncertain.

Outlook Hinges on Breakout or Breakdown

The market is watching both $190 and $210 closely. A move above $210 could resume bullish momentum, while a break below $190 may extend the correction. For now, Solana trades in a narrow range as traders look for a decisive move to confirm the next trend direction.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.