Current price $SOL is ~ $204.5, up about +2.3% in 24 hours, with 24h trading volume reaching ~ $12.4 billion USD, very high, indicating real capital flow is still pouring into this altcoin.
Breaking the $200 mark - a crucial psychological resistance level, with trading volume increasing over 40% compared to the 7-day average. This not only reflects active buying pressure but also indicates that Solana is attracting altcoin capital flows.
Reasons to buy SOL:
Technical basis & price behavior:
Successful breakout of $200 is a clear bullish signal. Capital flow remains stable; if the price holds above $200 with sustained volume, the short-term target could aim for $220–$230.
According to MACD analysis and intraday trading range, SOL shows a 'healthy' pullback after breaking the peak, which is a positive sign.
On-chain & fundamental platform:
Solana leads the market in monthly active addresses, surpassing other L1 and L2 chains. At the same time, the network has generated the highest on-chain revenue for three consecutive quarters.
In the first half of 2025, Solana excelled at attracting developers: leading the market with +7,600 new devs (an increase of 83%) and achieving 81% of the total DEX transactions in the industry.
Helius
Comparison basis with $ETH / $BTC :
While SOL surges, BTC is hovering around $122K and ETH is still fluctuating around $4.3K–$4.5K. The outperformance of SOL reflects the positive shift of altcoin capital flows.
Entry point:
Nice entry: $200–$205, SL < $195
Break $210–$215: may follow the trend up to $220–$230
Pullback $190–$195: entry 'discount' if the uptrend structure remains intact
In the long term, if the altseason market continues to heat up, SOL could potentially challenge $240 in the coming weeks. This is the time to decide whether you stand at the station... or sit on the rocket and TO THE MOON to $300.
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