- Solana holds $210 support, eyeing $220–$225 with upside targets at $236 and $250.
- On-chain growth boosts momentum as active addresses hit 1.2M and DeFi TVL tops $4.8B.
- Institutional inflows and ETF speculation strengthen Solana’s path toward higher levels.
Solana (SOL) continues to display bullish momentum, holding firm above the $210 support zone. After a potential pullback, buyers could step back in to drive the price toward the $220–$225 range, keeping the uptrend intact. The token is currently trading at $220 with steady buying activity.
Technical Outlook and Resistance Zones
According to an analysis prepared by BitGuru, Solana has managed to hold its ground above $210 after recording strong gains in recent sessions. Price action shows SOL reached $219 before retreating slightly, with support forming in the $212 area. Previous rallies in late August delivered increases of 20.24% and 12.02%, shaping the current bullish trend.
Resistance is now visible near $220, a key level that could determine whether momentum carries the token toward $236 and beyond. If a breakout occurs, upside targets include $244 and $260, aligning with recent technical projections. On the other hand, support lies near $204, with secondary levels between $192 and $186 if market sentiment weakens.
Indicators remain supportive of the bullish case. The Relative Strength Index sits near 60, signaling space for further growth before overbought levels are reached. Moving averages confirm strength as the market continues to trade above the 100-hourly simple moving average, providing a favorable short-term structure.
Network Expansion and Market Participation
According to an observation by Altcoin Sherpa, Solana could climb toward $250 within the next few weeks or months if momentum holds. This expectation is supported by network activity, where daily active addresses have crossed 1.2 million, and DeFi total value locked has reached $4.8 billion.
Weekly NFT trading volumes remain strong at over $70 million, placing Solana ahead of several competitors. Institutional interest is also visible in derivatives markets, with open interest surpassing $1.6 billion. Exchange inflow data from September 10 recorded $23.8 million, the largest single-day increase in weeks. Analysts note that consistent inflows above $50 million would signal stronger conviction among investors.
Macro factors have also helped Solana to become strong and hopes about the U.S. rate cut and the possibility of a Solana exchange-traded fund have been added momentum. These factors, combined with network growth and sustained liquidity, position SOL to continue its upward trajectory as long as the $210 support zone remains intact.
