Here is the updated analysis of the Solana (SOL) token
Overall Overview — Price and Volume
The current price of SOL is around $195–197, with some variations across different platforms:
Binance displays $195.84.
CoinMarketCap indicates $197.07, an increase of about +8.9% in the last 24 hours.
CoinGecko reports $196.71 with volume of $7.93 billion (+8.3%).
The trading volume in 24h varies between $7.6 billion and $8.8 billion, depending on the source
Market capitalization is around $105–106 billion
Technical Analysis and Momentum
According to a recent report, SOL broke through the resistance zone between $192–195 and is approaching $200, supported by strong futures volume and increased open interest, signs of persistent buying momentum.
A sustained close above $200 could pave the way for rises up to $205–210.
The RSI is at overbought levels (~72), and the price is above the EMAs, indicating technical strength.
Another report from Binance highlights that SOL is trading above the 99-day moving average (~$165), evidence of a positive long-term trend. However, volume is declining, suggesting consolidation before a possible new movement.
Key supports: $165–170; secondary at $139.
Resistance: $190–200, with a strong wall at $215.
There are also technical alerts about the formation of a double top pattern and reduced activity from holders, which may lead to tests around $161.
--
Performance Comparison
Solana rose approximately 33.7%, trading around $189.44, with signs of a possible breakout if it recovers $200.
Medium and Long-Term Outlook
According to the consensus of Binance users, the price projection for the next 5 years is $250.70 per SOL.
Strategic Summary
Technical Analysis of SOL (Solana) — Possible Return to the $200 Level Today
> SOL approaches $200 with strong momentum
The Solana (SOL) token shows strong performance in the last 24 hours, with an appreciation close to 9% and highlighted volume of up to $8.8 billion. The recent breakout of the resistance channel at $192–195 indicates an ongoing upward trend. Technical indicators, such as high RSI (~72) and multiple EMAs (💹), reinforce buying pressure.
Resistance and Supports:
If SOL closes sustained above $200, the projection suggests that $205–210 may be the next targets.
Key supports: $165–170 and, in the case of a sharper correction, $139.
Recommended Caution:
There are signs of overbought conditions and declining volume, which may anticipate a consolidation phase.
Minertraders mention the technical formation of a 'double top' as a possible alert for a correction down to $161.
Long-term outlook: The community consensus projection from Binance estimates SOL at around $250.70 in the next 5 years, reflecting optimism for the strategic growth of the network.
Conclusion
The current technical momentum favors the continuation scenario, especially if the price remains above $200.
However, signs of overbought conditions and possible reversal patterns call for attention.
For long-term positions, consensus projects gradual appreciation up to the range of $250.
