Solana Price Holds Key Support
Price action for Solana shows a bounce after a recent sell‑off from highs near $253. Right now, SOL trades above its 50‑day simple moving average (SMA) at $209.14, which acts as a critical support level for buyers.
The long‑term 200‑day SMA sits much lower at $166.79, meaning there’s a wide cushion for dips before the trend turns negative.
During the week, SOL dropped over 11%, but buyers came in strong around the $206–209 area and quickly pushed the price back up. This confirms the support zone is holding well, and recent rally attempts have brought optimism back to the market.
The RSI (Relative Strength Index) is at 45.90, which is neutral, neither too high nor too low. MACD (Moving Average Convergence Divergence) is negative, but the histogram is shrinking, hinting that selling pressure may be ending soon.
The ADX (Average Directional Index) remains at 27.63, marking a trend that is steady but not overheated. Other short‑term moving averages, like the EMA‑10 and EMA‑20, still show sell signals, but the longer‑term averages stay bullish.
Analysis Source: Tradingview
Recent price action has created higher highs and higher lows since July, meaning the uptrend is still in play and buyers remain in control.
Looking at the chart, the next resistance zone for SOL is at $218–230. If buyers can break above $218, the coin could quickly move toward $230.
The next key level is at $253, which was the recent high. Passing this level could open the door for a run toward $275 or even $300, depending on how much demand flows into the market.
A break below $206 would put the spotlight on the long‑term support near $187 and then $166. Most analysts expect strong buying to appear before SOL falls that low, thanks to solid fundamentals and active network participation.
The Firedancer proposal and Alpenglow upgrade set the stage for improved speed and scalability, which makes Solana even more attractive to both institutional and retail investors.
Technical indicators remain mixed in the short term, but long‑term signals still point to more upside. As always, prices can bounce up and down with market volatility, but Solana is well‑positioned to outperform most rivals if its momentum holds.
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