Solana (SOL) is trading near $201.36 after a 5.1% decline over the past 24 hours, approaching critical support at $198.13. Resistance at $215.94 is capping any recovery, leaving SOL locked in a tight consolidation band between roughly $198 and $216.

Traders are watching that narrow range for signs of a rebound or a deeper breakdown that could influence on-chain activity and DeFi flows across the network. Short-term order flow and momentum around these levels — alongside broader crypto moves from Bitcoin and Ethereum — will likely determine whether SOL resumes higher or extends losses. For now, the $198 support test versus the $215.94 ceiling is the key technical story for the token.