- Solana confirmed its bullish breakout around $129, advanced steadily, and has now retested the $233.8 level as a decisive price zone.
- Holding above $233.8 strengthens the pathway toward $457.97, which represents nearly 100 percent upside potential from current trading levels.
- Technical confirmation with higher highs and bullish indicators reinforces continuation, as Solana positions itself among the strongest altcoins driving market momentum.
Solana has extended its bullish momentum after a strong breakout, with the price trading near $239.82 and maintaining market confidence. The asset continues to build momentum as traders watch for the next critical resistance levels.
Price Action Strengthens with Technical Confirmation
Market analyst Javon Marks noted Solana confirmed a bull pattern near $129, marking a decisive momentum shift. The price advanced steadily, reaching and retesting the $233.8 target, a crucial resistance-turned-support zone.
The level at $233.8 now acts as a pivotal battleground for buyers and sellers. Holding above it signals continuation, while a rejection may push prices toward $180–$200. The bullish structure of higher highs and higher lows remains intact.
If bulls maintain control at this price area, the next target near $457.97 enters play. This potential move represents almost 100 percent upside from current levels, reinforcing Solana’s role in leading recovery phases.
Indicators Support Ongoing Momentum
Solana’s daily chart shows strong bullish signals. The Supertrend flipped green at $203.15, confirming a buy trend and establishing a solid support base. Prices remain comfortably above this level, reflecting confidence among traders.
The MACD indicator also confirms building strength. A bullish crossover has occurred, with the MACD line moving above the signal line. Expanding positive histograms suggest increasing momentum aligned with the broader upward trend.
As long as the Supertrend remains intact and the MACD sustains its bullish crossover, Solana retains strong potential for continuation. These signals indicate the setup favors ongoing upward pressure in the short to mid-term.
Institutional Demand Adds Fuel
Institutional interest is also growing. Rekt Fencer noted Galaxy Digital acquired more than two million Solana tokens within 24 hours. The purchase, valued at over $500 million, suggests major players are actively entering positions.
Such heavy buying volume adds liquidity and strengthens the bullish case. Market participants view this accumulation as a potential driver of short squeezes, amplifying upside moves when combined with existing technical momentum.
The combination of strong technical signals and institutional inflows enhances Solana’s position. If momentum sustains above $233.8, the pathway toward the projected $457.97 remains open in the current bullish structure.
