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Solana Price Spikes 61% in a Month, Struggles Below $200 Resistance

By: coinchapter|2025/05/11 01:15:06
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Solana price surged by 61.37% over the past month, rising from around $109.46 in early April to a high of $176.63 on May 10, 2025. The move is visible on the SOLUSD 1D chart from TradingView. This marks Solana’s highest level since early March 2025. The price is now approaching a key resistance zone between $176 and $180. In January 2025, Solana failed to hold above this range and dropped soon after testing it. The same zone remains a challenge in the current structure. Trading volume during this one-month rally totaled 36.26 million SOL. While the uptrend remains intact, the chart shows price action beginning to slow near resistance, reflecting increased selling pressure. Selling Pressure Rises as Solana Realized Profit/Loss Hits 15.0 Solana selling pressure has increased, based on data from Glassnode. The Solana Realized Profit/Loss ratio reached 15.0 this week. This metric shows how much profit investors lock in during trades. Historically, levels above 10.0 have preceded short-term price drops. More traders are selling Solana to secure profits from the recent price rally. The sharp rise in the Solana Realized Profit/Loss ratio reflects this shift in investor behavior. When this ratio goes high, it often means volatility is rising. In January 2025, Solana showed similar data. That period also saw the Realized Profit/Loss ratio cross 10.0 before the Solana price fell. The current numbers show that profit-taking is again shaping short-term market activity. This selling pressure can slow down further gains and make it harder for SOL price to break past the $200 resistance. Solana RSI Crosses Overbought Zone at 74.00 on May 10 Solana’s Relative Strength Index (RSI) reached 74.00 on May 10, 2025, based on the daily chart published on TradingView. The indicator has now moved into the overbought zone, which typically starts above 70.00. This level is often associated with strong buying momentum, but it can also signal that the asset may be overheating. The previous time Solana RSI crossed similar levels was in January 2025. After that peak, the price declined from above $180 to nearly $140. The RSI in that period reflected similar conditions now seen again in May. In the current chart, the yellow 14-day moving average line is at 61.53, while the RSI line sharply rises above it. This divergence reflects strong price acceleration in recent days. When paired with the recent rise in Solana’s Realized Profit/Loss ratio, the data highlights elevated market activity and increased selling risk.

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