- Solana maintains strong support near $182 as analysts await a potential breakout toward $240–$250.
- Trading volume jumps 42%, showing renewed market engagement and steady accumulation within a tight range.
- Consolidation near lower support signals building momentum and a possible bullish move in upcoming sessions.
Solana (SOL) trades near $184 after maintaining steady support between $182 and $185. Market data shows tightening price action, lower volatility, and consistent participation from traders. If this support remains intact and momentum strengthens, SOL could potentially break higher and retest the $240–$250 zone. The market structure reflects balanced liquidity and controlled trading activity across major exchanges.
SOL Price Action Builds Strength Above the $182 Support Range
According to data from CoinMarketCap, Solana trades at $184.10 after recording a 1.03% daily decline. Market capitalization of the asset is at $100.64 billion and 24-hour trading volume has improved by 42.11% to $8.01 billion. This growth in activity indicates ongoing trader engagement around current price levels.
The chart data reveals that SOL significantly declined in price, losing its value at $253 and then stabilized at the price of $182. Resistance formed around $240, defining a horizontal channel that has guided recent trading. Consistent defense of the $182 level has established a strong base for potential recovery. The price currently trades within the $182–$200 range, showing reduced volatility as the market consolidates.
Several attempts to rise above $200 encountered resistance, but the token continues to maintain its position near lower support. The setup reflects a period of accumulation as buying pressure gradually strengthens.
Momentum Builds as Market Watches the Bullish Setup Form
Solana’s current compression phase indicates the market is gathering momentum for a possible move. Liquidity remains firm and volume-to-market cap ratio is at 7.97%, which proves there is stability in the trading activities as per the current range. Solana’s fully diluted valuation is $112.74 billion, emphasizing its strength within the digital asset sector.
BitGuru stated, “SOL holds this support and momentum continues, a breakout could easily retest the $240–$250 zone once again.” Current chart data aligns with this statement, showing narrowing consolidation and steady buying near the lower range.
Market participants are closely observing price behavior as the “bullish beauty” formation shows early signs of reawakening. If demand sustains above the $182–$185 base, Solana could progress toward upper resistance levels in the coming sessions.
