Solana Price Analysis February 6, 2025: Solana’s Crashes Beneath $200

On February 6, 2025, Solana (ground) presented a regular movement, trying to recover from the fall of the day before. Sol started the day with a commercial channel, finding solid support at $ 195 and facing resistance at $ 203.
A minor withdrawal was seen around 2:00 am UTC, followed by an upward trend thereafter. This reversal of the trend of the day before was confirmed by a golden cross on the MacD, triggering an increased trend. Sol then entered an upward trend, recovering to exchange around $ 201.18, reporting renewed momentum.


Chart 1 – Analyzed by Alioliyaee_F, published on tradingView, February 6, 2025
In -depth analysis of Solana prices
In early February 5, Solana fluctuated in a negotiation range, maintaining support at $ 203 and resistance nearly $ 209. As shown in Chart 1, Sol tried to break the upper border but faced a high sale pressure, leading to downward training. At 3:00 pm UTC, Sol experienced downward escape, confirming the lowering feeling while it was moving into a canal down.
At 3:00 pm UTC on February 5, a death cross appeared on the MacD, accelerating the decline and pushing soil in the territory of occurrence on the RSI. At the beginning of February 6, a golden cross on the MacD reported a potential optimistic inversion. This aligned itself on another RSI condition, strengthening the case of recovery. Sol subsequently broke out from the canal down, entering an upward trend that saw the prices recover the level of $ 201.18.
With Sol showing a renewed momentum, traders should look at the $ 203 resistance and support levels of $ 198. If soil exceeds $ 203 and supports the magnitude, the following lens could be between $ 209 and $ 211, aligning with the previous resistance levels. Conversely, if it does not hold above $ 198, a remedy of $ 195 of support is likely. THE
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What is the next step?
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