Solana’s rally has hit a wall. After months of steady gains, the token is now testing crucial support levels, with analysts from MakroVision warning that market structure is showing signs of exhaustion.

The firm said last week’s sharp downturn – which dragged Solana below its main uptrend line – has left the asset vulnerable to deeper corrections. The break coincided with the broader crypto sell-off that erased billions from the market, pushing SOL as low as $173 before buyers managed to slow the decline.

Analysts highlighted a narrow zone between $192 and $188 as Solana’s near-term battleground. If bulls can defend that range, a rebound toward $204 or $223 remains possible, they said.

But failure to hold would likely send prices back to the $159 area, where previous demand emerged earlier in the summer.

MakroVision described Solana’s chart as “structurally weak,” adding that momentum indicators have yet to confirm any major recovery. Still, the firm noted that as long as the $190 region holds, the broader uptrend that defined 2025 isn’t fully broken.

For traders, the coming days could decide whether Solana stabilizes for another leg upward – or slides deeper into correction territory.