Solana has seen impressive price gains recently, reaching a two-month high and coming close to breaching the $180 mark. 

However, it faces a crucial resistance level that has kept the altcoin from pushing past $200. With market conditions and investor behavior at play, the journey to $200 may be challenging for Solana.

Solana Investors Move To Sell

Many Solana (SOL) holders are choosing to book profits, contributing to a rising Realized Profit/Loss ratio. This indicator has surged to 15.0, signaling that excessive selling could be a concern. Historically, when this ratio crosses the 10.0 threshold, it often leads to short-term price corrections.

This profit-taking behavior could also exacerbate market volatility, potentially delaying or halting Solana’s rally. The influx of sales could weigh on the price, even as Solana has managed to make significant gains over the past month. 

As a result, SOL could be facing a reversal.