Solana’s $200: A Test of Belief as Price Stalls

Solana’s price action has reached a pivotal point, with the $200 level serving as both a magnet for traders and a potential stumbling block. Recent price movements have shown a pattern of hesitation, where every brief rally stalls, leading to a standstill. While some view this as a sign of breakout momentum, others see it as a sign of a liquidity trap: a place where profits are quickly booked, hindering the formation of new buying pressure.