Solana (SOL) has regained bullish traction, trading around $231 after rebounding from the critical $200 support zone, according to daily market data. The price action shows renewed buyer confidence as the broader crypto market strengthens, with analysts suggesting a push toward the $250 resistance area could be imminent.
Following a mid-September pullback, Solana has climbed over 15% in the last two weeks, supported by increasing trading volume and improved risk sentiment in the altcoin marke
The daily chart reveals a clear breakout from a descending channel pattern formed between May and July, followed by a steady uptrend supported by multiple higher lows. Solana’s price recently retested and bounced off the green demand zone between $200–$210, confirming it as a strong area of buyer interest.
Currently, resistance lies between $250–$270 (marked in red), a level that capped previous rallies in March and August. A successful breakout above this zone could open the path toward $300, aligning with the next major supply region visible on the chart.
BITX Market analyst noted, “Solana’s structure looks technically sound. Holding above $200 keeps the bullish thesis intact, and a daily close above $250 would likely trigger momentum toward new 2025 highs.
The broader market rally led by Bitcoin’s sustained strength above $68,000 continues to boost liquidity in high-performing altcoins like Solana. On-chain data also shows a rise in developer activity and network usage, further reinforcing investor confidence.
Crypto strategist Amira Voss added, “Solana’s price action reflects both technical recovery and improving network fundamentals. If volume remains consistent, a test of the $270 mark is the next logical move.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.