- Solana closed above the $250 resistance, signaling a potential breakout toward $300.
- Solana saw record activity, with 6.07M active addresses and $11.99B trading volume in 24 hours.
Solana [SOL] has made a historic move by closing above the $250 resistance level on the weekly timeframe for the first time.
According to crypto analyst Rekt Capital, this marks a critical development in the coin’s price action.
The $250 level has historically been a key resistance point, previously tested during Solana’s peak in late 2021 when it reached $260 before a prolonged bear market ensued.
If this breakout is confirmed with $250 turning into a support level, Solana could enter price discovery mode.
Analysts point to potential targets of $300, which serves as a psychological level, and $350–$400, based on Fibonacci extensions and historical price behavior.
Source: X
However, if Solana fails to hold $250, it may retest support levels at $202.82 or even revert to $135.97, though current bullish momentum makes the latter scenario less probable.
Price, trading volume trends
As of press time, Solana was trading at $231.93, marking a decline of 8.99% in the past 24 hours and 4.80% over the past week.
The price has fluctuated within a 24-hour range of $231.87 to $256.23, with a seven-day range of $232.43 to $263.21.
Solana’s 24-hour trading volume has surged by 25.94%, reaching $11.99 billion, according to Coinglass data. This spike indicated strong trading activity despite the
Go to Source to See Full Article
Author: Olivia Stephanie
