• SOL trades at $196.89 after gaining 11.9% in 24 hours.

  • Price holds above $174.04 support with resistance at $199.24.

  • Breakout above $190 reduces overhead resistance up to $220.

Solana’s price has moved beyond a long-standing range, registering a strong gain over the past 24 hours. At press time, SOL was trading at $196.89, reflecting an 11.9% increase. The move comes after the asset held above a notable support level at $174.04. Price action now faces immediate resistance at $199.24. 

A break above the $190 zone could see further hurdles cleared at the following levels in the short term. The ongoing breakout is the result of months of base trading between $123.00 and $220.00, with the price now challenging the upper boundary.

Price Action Shows Strong Break Above $190 Zone

Over recent sessions, SOL maintained upward momentum, pushing past the $190 level. This move positioned the asset closer to the $199.24 resistance. The current range breakout follows a sustained recovery from June lows, where price rebounded off $123.00 support. 

https://twitter.com/CryptoJelleNL/status/1955506601944826037

Notably, a steady base was taken with the help of $174.04, which helped buyers maintain the control. The increase in range-bound trading to long pressure signifies a marked structural modification in the short-term graphing design.

Support and Resistance Levels Hold Critical Importance

The $174.04 support remains the first key area if a retracement occurs. A failure to maintain this zone could return price action toward the $155.00 to $139.00 region. Conversely, the immediate resistance at $199.24 forms a critical cap before the $220.00 range high. 

The market has respected these levels repeatedly since late 2024. Price reactions in this zone have often led to decisive trend moves. Maintaining control above $190 will be essential to sustain any further advances.

Technical Structure Indicates Reduced Overhead Barriers

The chart shows a notable decrease in resistance above the $190 mark. The region between $199.24 and $220.00 contains fewer historical rejection points compared to lower zones. Price previously consolidated here briefly before a late-2024 surge to $280. 

The present structure suggests that the market has cleared several prior congestion levels, leaving fewer obstacles toward the upper range. These developments underline the significance of the recent breakout and the market’s focus on the next resistance band.