Solana Price Prediction: SOL Rejected at $229, Eyes Key Support at $200

Solana’s recent attempt to regain upward momentum has ￰0￱ a sharp rejection at $229.49, the 38.2% Fibonacci retracement level, SOL broke below its 30-day Simple Moving Average and is now retracing toward key support ￰1￱ pattern is familiar in ￰2￱ liquidity shifts and narratives cool, traders reposition ￰3￱ so do communications ￰4￱ Outset PR, this kind of market behavior is tracked in real time using Outset Data Pulse , an in-house analytics platform that scans media cycles across ￰5￱ goal is simple: to keep clients visible when momentum shifts, and to optimize media strategy during ￰6￱ Breakout, Bearish Signals SOL failed to reclaim its September swing high of $253, facing hard resistance at $229—a level that had previously acted as a pivot ￰7￱ triggered a wave of selling as short-term holders exited ￰8￱ move pushed SOL under its 30-day SMA ($225.57), with the MACD histogram turning negative at –0.489, confirming a shift in momentum.

Meanwhile, the RSI (49.79) shows neutral-to-bearish sentiment, lacking the strength typically needed for a sustained ￰9￱ at $214 in Focus as Momentum Weakens), 78% of cases resulted in 5–8% ￰10￱ gives traders a well-defined downside target range of $198–$205 in the short ￰11￱ Interest Shifts to BNB Chain A key reason behind Solana’s decline is the sharp rotation of speculative capital into rival ￰12￱ October 8, BNB Chain meme coins like $BSC surged, with 35x returns drawing in large volumes of retail ￰13￱ Chain posted $20.5 billion in daily volume, outpacing Solana’s $12.7 billion by a significant ￰14￱ 61% gap is not just statistical—it reflects a shift in risk appetite.

Solana’s own meme coin activity has ￰15￱ like $TRUMP and BONK have seen DEX volume drop 18% since October 7, and the BNB/SOL volume ratio has reached 1.61, its highest level since June 2025. Momentum, it seems, is flowing elsewhere—for ￰16￱ Outset PR Keeps Projects Visible Amid Volume Rotation These market shifts matter not only to traders, but also to crypto projects trying to remain in the ￰17￱ is where Outset PR’s data-driven approach stands ￰18￱ its proprietary Syndication Map , Outset PR identifies which publications offer the best syndication lift for a given ￰19￱ than spraying stories across low-impact outlets, it targets platforms with high engagement and republishing potential—such as CoinMarketCap, Binance Square, and Yahoo ￰20￱ is not just a tactical ￰21￱ is a strategic method to ensure projects are seen when others are buried by ￰22￱ Anastasia Anisimova leading a deeply networked media relations team, Outset PR maintains strong ties with editors, which helps secure tier-1 coverage even during downtrends.

“Most agencies pitch blindly,” Anisimova says. “We pitch thoughtfully, with timing, tone, and momentum in mind.” As a result, clients achieve coverage that not only lands—but ￰23￱ one Outset PR campaign for StealthEX generated 92 republications, reaching over 3 billion views from a single placement. conclusion: $200 Becomes the Line in the Sand Solana’s rejection at $229, declining on-chain activity, and weakening momentum indicators all suggest a deeper correction is underway. A breakdown below $214.84 could accelerate the move toward $200, where buyers may begin to re-enter—if confidence ￰24￱ parallel to price action, narrative visibility matters ￰25￱ traders shift capital and volume flows into rival chains, media attention moves with ￰26￱ tools like Outset Data Pulse and Syndication Map, Outset PR ensures that projects stay aligned with the cycle, adapt when needed, and remain visible—even when the market ￰27￱ in crypto, those who adjust early are the ones still visible when the next rally ￰28￱ can find more information about Outset PR here: Website: ￰29￱ Telegram: ￰30￱ X: ￰31￱ Disclaimer: This article is provided for informational purposes ￰32￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.