Bullish momentum returns as traders eye breakout above $200 resistance
Solana (SOL) recorded a strong rebound on Thursday, climbing over 5% to trade near $191, as buyers defended a critical support zone and renewed optimism about the asset’s short-term trend.
The daily price chart shows SOL bouncing decisively from its mid-range support between $175 and $185, an area that has previously acted as a key accumulation zone for traders. According to market data, buying pressure intensified following a brief correction earlier in the week, signaling renewed confidence among investors.
Technical analysts note that Solana’s ability to stay above this support level could pave the way for another test of the $200–$210 resistance range in the coming sessions. Beyond that, the next major supply area is visible between $230 and $280, where heavy profit-taking has occurred in the past.
“If Solana manages to close the week above $200, we could see a push toward the $230 region before month-end,” said BITX senior market analyst at a digital asset research . “Momentum remains positive as long as price action holds above $175.”
Volume trends support recovery
Trading volume also reflects growing market participation, with higher buy-side activity noted on daily charts. The recovery follows weeks of choppy trading that tested traders’ conviction after Solana’s extended rally earlier in 2025.
Experts suggest that the current consolidation could serve as a base for the next leg higher, provided broader market sentiment remains constructive.
“Solana’s structure remains intact, and this bounce is technically healthy,” According to BITX analyst . “The $175 level is the line in the sand — losing it could expose SOL to deeper downside, but for now, bulls are in control.”
As of press time, Solana trades near $191.30, up 6% on the day, reinforcing its position among the top-performing altcoins of the week. With the support level holding firm and volume expanding, market observers believe a breakout above $200 could confirm the start of a fresh bullish phase for SOL.
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.