Solana (Sol) is once again testing a critical barrier to $ 205 after having increased by almost 8% in the last 24 hours to $ 203.5. The move triggered a renewed optimism among the traders that see the ascending triangle model that is formed on the graphics as a potential launch for a breakout towards $ 255.
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According to the analyst Lank Davis, Solana was rejected three times to the sign of $ 205, but higher minimal minimums and supported purchase pressure suggest that the momentum is building.
“If the volume continues to climb in this test, the installation clearly aims at $ 255 as a subsequent goal,” explained Davis. The trading activity supports this perspective, with over $ 9 billion daily volumes, underlining a strong market participation.
Technical indicators report Solana stability
The market data show that Solana is not yet in overloaded territory, with its relative resistance index (RSI) sitting at 55.63. This gives the cryptocurrency room to climb further without triggering immediate sales pressure.
The MacD indicator also confirmed a bullish crossover, aligning with the positive momentum.
The chain signals strengthen the case for rise. Solana’s commercial volume is constantly increasing, while its rebounds clean from the ascending trend line highlight the active purchase to each dip.
The market analyst Alex Clay also underlined a Wottom model completed on the Sol/BTC graphic designer, suggesting that Solana May passed the short -term bitcoin, just as Ethereum has recently done.
Perspectives: route to $ 255 Breakout
For traders, the $ 205 level has become the decisive battlefield. A breakout confirmed above it, supported by a strong volume and feeling, could push Solana to the technical objective of $ 255.
SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview
The background of the wider cryptocurrency market also favors Sol, with the Ethereum rally that attracts attention to high potential altcoin.
Analysts warn that non -compliance with $ 205 could delay the highest move, leaving Solana blocked in its current consolidation area. With the institutional interest in the cultivation of Solana and the network activity that reach record levels, the token remains one of the most strictly controlled goods on the market.
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For now, all eyes remain at $ 205, the level of resistance that could define the next main leg of Solana upwards.
Cover the chatgpt image, Solusd Graphic by Tradingview