SOL shows strength with higher lows, but key resistance remains ahead
Solana (SOL/USD) surged by 5% in the last 24 hours, climbing to around $214.83 as bullish momentum continues to build. The cryptocurrency has been making steady gains, supported by strong buying interest and a clear ascending trendline.
The chart shows Solana recently breaking out of a prolonged falling wedge pattern earlier this year, which marked the start of its recovery phase. Since then, the asset has been forming higher lows, signaling strong demand at lower levels.
At present, immediate support lies near $185–$190, a zone that has been repeatedly tested and defended by buyers. A deeper support level is visible around $150–$160, which could serve as a safety net in case of a pullback.
According to BITX senior analysts, “The $215 zone is a key test for Solana. A breakout above this resistance could open the path toward $240–$250, but failure to hold momentum may lead to a retest of the $185 support band.”
On the upside, the most critical barrier is positioned between $215 and $220, a level that has historically acted as a supply zone. If bulls manage to clear this region with strong volume, the next upside target could be near $280–$300, where the next major resistance cluster lies.
Trading volume has been rising gradually, indicating renewed market interest. However, the volume remains below levels seen during Solana’s peak rallies, suggesting that a decisive breakout requires stronger participation from buyers.
As long as Solana maintains above its ascending trendline and $185 support, the bias remains bullish. However, failure to sustain current levels could shift momentum back toward consolidation.
With a 5% surge, Solana is showing strong signs of resilience and investor confidence. A confirmed breakout above $215 could accelerate the rally toward higher levels, while support at $185 remains critical for preserving bullish structure.
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.