SOL Records 3% Daily Gain While Bulls Eye Breakout Levels
Solana (SOL/USD) extended its recent rally with a 3% gain in the last 24 hours, climbing to around $215 as trading momentum continues to strengthen. The move positions SOL near a crucial resistance zone, with traders closely monitoring whether the token can secure a decisive breakout.
The chart indicates that Solana has been in a sustained uptrend since mid-July, supported by a series of higher lows along a rising trendline. After bouncing from the $165 support zone, the cryptocurrency has steadily advanced toward the $215–$220 resistance area, a level that has historically acted as a barrier to further upside.
“The $215 level is critical for Solana,” said BITX technical strategist. “If bulls can maintain control above this threshold, it opens the door for a potential run toward $240 and beyond. However, failure to break out cleanly may result in a pullback to $185–$190 support.”
The chart highlights multiple support zones that could provide a cushion if momentum stalls. The nearest support level sits around $185, while stronger demand zones are evident near $165 and $150. A deeper retracement could test the $120 region, though current momentum favors buyers.
Despite volatility in broader crypto markets, Solana has shown relative strength, consistently recovering from dips and attracting increased trading volume. Market analysts note that rising interest in Solana’s ecosystem and its performance in decentralized applications may be contributing factors to the resilience.
“Consolidation phases are healthy, but the trend remains bullish as long as SOL stays above $185,” According to BITX . “The token is showing signs of accumulation, and this could fuel the next breakout.”
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.