- Solana (SOL) trades at $217.82, up 0.51% daily.
- Key support sits at $210, with deeper risk down to $200.
- Bulls need to reclaim $219.97 to target the $230–$240 range.
Most major cryptocurrencies are trading in the green today, and Solana (SOL) is keeping pace. The token has gained 0.51% in the last 24 hours, now sitting at $217.82. While the short-term charts show mixed signals, traders are closely watching the $210 and $220 levels for the next decisive move.
Solana Technical Analysis: SOL Faces Pressure at $219 Resistance
On the hourly chart, Solana slipped after a false breakout above $219.76. Sellers quickly stepped in, pushing the price back down. If bearish momentum continues, SOL could retest the $210 support zone, which remains a critical level for bulls to defend.
Daily Chart: SOL Price Risks Correction Toward $200–$210
Looking at the daily timeframe, SOL recently bounced off the $218 resistance level but failed to sustain momentum. If today’s candle closes well below that area, a deeper correction could follow, dragging prices back into the $200–$210 range. This zone will be key to watch in determining if Solana can avoid further downside.
Midterm Price Outlook: Bulls Target $230–$240 Range
From a broader perspective, SOL is currently testing the $219.97 mark, which could act as a pivot point. A strong close above this level may give bulls the momentum needed to push higher toward the $230–$240 range. Clearing that zone would signal renewed strength and open the door for a more extended rally.
