Solana price climbed as high as $213 on August 25 but could not hold the breakout. The token has since slipped by 3.6% to trade around $200.
Weekly gains still stand at 10.7% and monthly gains at 7%, showing strength in the broader trend. But the recent rejection near $213 has sparked a pullback, and two bearish markers now point toward the risk of deeper losses.
Profit-Taking Points Toward A Deeper Correction
Profit booking has been one of the clearest signals behind Solana’s recent moves. Every time realized profits have spiked, the price has quickly retreated.
Realized profit tracks the gain booked when coins are moved; higher spikes mean more holders are selling at a profit, while lower readings suggest fewer sellers are cashing out.
On July 22, a profit-taking spike at $205 was followed by a 23% drop to $158. But that wasn’t all.
- On August 13, realized profit spiked above $500 million. Price corrected from $201 to $185, a close to 10% drop.
- On August 20, another local profit-taking peak drove the price from $187.95 to $180.35, nearly a 4% dip. On August 24, realized profit jumped again near the $213 high, raising the risk of a repeat move.
If Solana mirrors these past patterns, a drop close to 20% from $213 would place the price near $175. This zone has already acted as a steady base during earlier corrections, making it a level that traders cannot ignore.
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