SOL Breaks Above $200, Traders Eye Further Upside Momentum
Solana (SOL) surged 4.2% in the last 24 hours, climbing to $203.98 and testing a significant resistance zone that has capped gains throughout August. The move comes amid renewed strength in the altcoin market, with SOL now positioned as one of the best-performing large-cap cryptocurrencies of the week.
The chart shows Solana trading just below a major resistance band between $205 and $210, a zone that has previously triggered sharp sell-offs. Despite the push higher, traders caution that SOL must secure a daily close above $210 to confirm a breakout and open the path toward the $230–$240 range.
On the downside, strong support remains around $185–$190, where buyers have consistently defended against deeper corrections. Additional demand zones lie lower at $160 and $140, highlighting the layered structure of technical support.
BITX Market strategists remain cautiously optimistic. “Solana’s resilience above $200 is encouraging. If bulls can break the $210 ceiling, it would mark a significant shift in momentum that could carry price toward $250,” one analyst explained.
According to BITX, “Volume is key here. A breakout without sufficient volume risks another rejection. But if momentum builds, Solana could outperform other major altcoins in the short term.”
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.