- Solana trades near $212 while holding its rising wedge, with $260 resistance keeping traders cautious about the next move ahead.
- Strong volume support near $200 keeps Solana’s structure intact as rallies repeatedly stall below the critical $260 ceiling.
- Solana moves within a wedge pattern since June, balancing buyer support and seller pressure as traders watch for breakout signals.
Solana price trades near $210 after sharp swings in recent weeks. The token now sits well within a rising wedge pattern, a setup that traders closely monitor for breakout or breakdown signals.
According to Daan Crypto Trades, “$SOL is moving higher within this rising wedge with relatively volatile price action.” He added that the coin is “currently testing the diagonal support which held since June.”
The cryptocurrency has battled strong resistance near its 2021 all-time high of $260. Multiple rallies this year touched the zone but failed to break through. Hence, $260.30 remains a major ceiling for further upside. Meanwhile, Solana still finds consistent support along its trendlines, keeping its structure intact despite recent volatility.
Technical Path and Price Movements
Solana entered 2025 around $140-150, quickly rallying above $260 during January and February. However, heavy corrections followed in March and April, dragging prices back to the $120-130 range. Consequently, this correction cleared overheated momentum before a mid-year recovery began.
Moreover, Solana climbed steadily within an ascending channel through August and September. It reached $250 before another pullback stopped momentum. The wedge structure now highlights two clear trendlines. The lower one has held firm since June, while the upper one caps each rally attempt.
According to Milk Road, “$SOL remains well within its rising wedge.” They explained, “We anticipate a decline until it reaches the lower support line. Once it bounces back, it should head towards the top of the wedge. $300 SOL is programmed.”
Trading Volume and Market Sentiment
Volume activity confirms strong participation around support and resistance areas. Buyers stepped in near $200, preventing a breakdown, while sellers pushed back near $260. Additionally, Solana’s recovery phases displayed rising volumes, showing growing confidence during rallies.
Hence, Solana currently trades near $212, about $50 below its 2021 peak. Market structure favors further compression within the wedge before a decisive breakout. Consequently, traders remain divided on whether Solana can clear resistance or retest lower levels again.
Solana holds steady in its wedge pattern, with $260 acting as a barrier. Traders now watch support levels to confirm the next major move.
