Solana reclaims $162 as traders watch for a breakout above $170 to confirm a move toward $210.
Volume surged 74% in 24 hours, supporting bullish momentum as technicals remain in favor of upside.
Analysts highlight Fibonacci rebound and higher lows, pointing to $206–$210 as the next targets.
Solana (SOL) is once again attempting to break through the $157 resistance level, a barrier it has tested several times since May. With technical indicators showing strengthening momentum and market activity rising, traders are watching closely as SOL moves toward a potential breakout that could lead to higher price levels.
Price Action Strengthens Near Resistance Zone
Solana has made another attempt to clear the $157 resistance level, according to an analysis prepared by Robert Mercer. At the time of writing, the asset is trading at $162.58, after peaking just above $168 before slight consolidation. The current move follows a week in which Solana gained nearly 10%, supported by strong market structure and trading interest.
https://twitter.com/Robert_Klondike/status/1944357431472947506
Trading volume reached $6.34 billion in the last 24 hours, a 74.15% increase, while Solana’s market cap rose to $89.31 billion. On the technical side, the daily chart shows higher highs, and short-term moving averages remain in a bullish formation. RSI holds near 61, which points to momentum without signaling overbought conditions.
According to crypto analyst Hailey LUNC, the SOL/USDT pair recently rebounded from a key Fibonacci demand zone. This rebound aligns with broader technical setups pointing to targets of $206.58 and above. However, she noted that a weekly close below $145 would invalidate the current bullish setup.
Broader Structure Supports Upside Extension Toward $210
The broader technical picture remains constructive. According to Carl Moon, Solana recently formed a higher low and may now retest the resistance at $184. This level sits between the current trading zone and the next major resistance area above $200.
In addition to this, Solana emerged out of a multi-month channel that was on decline, which reinforces the current upward trend. As open interest increases and investor sentiment improves, the market participants are aiming the next move on the $210 level.
A confirmed close above $170 may act as a gateway toward this target. If current levels hold and volume supports further movement, traders expect a continuation of the upward trend with $210 as the next major focus.
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