SOL price shows renewed strength after reclaiming key support, with traders eyeing a potential breakout toward the $220–$250 range amid improving market sentiment.
Solana (SOL) continues to exhibit a steady recovery trend, trading near $199 after bouncing from a key support zone around $180. The recent price action signals that bullish momentum could be returning, with traders cautiously optimistic about a sustained move above $200. Technical indicators highlight solid demand at lower levels, suggesting that the $190–$195 area is emerging as a crucial short-term support base.
The 4-hour SOL/USDT chart shows Solana consolidating between $190 and $200, after rebounding strongly from its recent low near $170, marked by the green demand zone. This rebound followed weeks of volatility, during which Solana found consistent buying interest from market participants seeking value entries.
Above current levels, the next resistance lies between $210 and $225, represented by the orange supply zone, while the major barrier remains around $245–$255, shown in red. A clear break and close above $225 could open the door for a rally toward $250, reclaiming ground lost earlier in the month.
“Solana’s ability to maintain strength above $190 is critical,” said BitXJournal technical analyst. “If buyers defend this level, it sets the stage for a bullish continuation, especially if Bitcoin maintains stability around current highs.”
Volume trends show that buying pressure has increased during pullbacks, reinforcing the view that institutional traders may be accumulating. Momentum indicators like the Relative Strength Index (RSI) are hovering near neutral territory, giving SOL room to advance before facing overbought conditions.
However, analysts also caution that failure to hold above $190 could invite renewed selling pressure, potentially driving prices back toward $175–$180, where strong demand previously emerged.
“Market sentiment is improving, but confirmation will come only when SOL breaks above the $210 threshold,” BitXJournal trader noted. “That level could determine whether this move becomes a short-term bounce or the start of a new upward trend.”
With Solana trading near $199 and holding key support, the market is watching closely for a decisive breakout above $210. As long as buyers maintain control above $190, technical structure favors the bulls, potentially setting up the next major move toward $220–$250 in the days ahead.
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.