Key support and resistance levels suggest possible pullback before next breakout
The Solana (SOL) price has surged nearly 27% in the past week, climbing to around $236 and testing a major resistance zone near $240–$250. This marks the token’s highest level since early 2025 and reflects growing investor interest amid broader crypto market strength.
The daily chart shows Solana breaking out from a descending channel pattern, with momentum carrying the asset past previous resistance levels at $190 and $210. Trading volume has also remained elevated, signaling strong participation from both retail and institutional players.
Currently, $236–$250 acts as a critical resistance zone, with sellers likely to defend this area in the short term. Above this range, the next upside target sits near $280, while immediate support lies around $210, followed by stronger demand zones at $190 and $170.
According to BITX market strategists, “Solana’s recent breakout shows renewed bullish momentum, but profit-taking around $240 could trigger short-term consolidation before another leg higher.”
Key Support Levels to Watch
- $210 – short-term support, could act as a retest level if rejection occurs.
- $190–$170 – medium-term demand zone where buyers previously regained control.
- $130 – major historical support that remains a longer-term safety net.
According to analysts, Solana’s price structure indicates a healthy uptrend supported by rising demand and strong fundamentals. However, traders are advised to remain cautious. “The market needs to confirm whether SOL can hold above $210 on any retracement; failure to do so could see deeper corrections,” BITX technical analyst explained.
The next breakout attempt above $250 will be crucial for Solana. A sustained close above this resistance could open the door toward $280–$300, but until then, investors should expect volatility as the asset consolidates recent gains.
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.