Solana holds above key support as bulls test critical resistance
Solana (SOL) is trading at $207 after a recent rally that brought the price close to the $230 resistance zone, a level that has capped gains multiple times in 2025. Despite short-term selling pressure, the broader market structure suggests that buyers remain in control as long as the ascending trendline holds.
Earlier this year, Solana experienced a steep decline, falling from the $230 zone to as low as $120 in March. This move created a prolonged descending channel before buyers stepped in to establish a firm base. Since then, SOL has staged a steady recovery, breaking out of multiple falling wedge patterns and reclaiming higher levels.
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“The ability of Solana to bounce back from the $120 low and build higher support zones shows that institutional buyers are active, particularly around $150–$170,” BITX market strategist noted.
Currently, the most important support level sits around $170, highlighted on the chart. This zone has acted as a consolidation base in recent weeks and aligns with the rising orange trendline. If this level holds, it would strengthen bullish momentum.
On the upside, the $230 resistance remains the key obstacle. Price has tested this zone multiple times since January, but sellers have consistently taken profits here. A daily close above $230 would be significant, potentially opening the path toward the $260–$280 region.
The overall trend remains bullish as long as Solana trades above $170, supported by the rising trendline and strong buyer activity at lower levels. However, traders should watch closely for rejection at $230, as this could decide whether the next move is a breakout or a retracement.
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.