Solana has just pushed above the psychological $200 threshold, trading around $204–$206 as of today, August 24, 2025. That marks a solid 3–3.5% gain over 24 hours, and more than 8–9% rally over the past week .
Currencies don’t move like they used to, right? This move seems driven by some real fuel—not just hype. A hefty $750 million USDC minting on Solana and the Alpenglow upgrade proposal—aimed at slashing finality to 100–150 milliseconds—are in the spotlight . Volume has swelled. Liquidity looks healthy. It’s not eyebrow-raising; it’s full-blown wrist-slap-me-I’m-awake stuff.
Technically, bulls are defending the $200 zone. Support holds near $200, resistance is teasing at $207–$210 . If that morphs into a breakout, price could sag toward $236. But if it falters? A dip back under $200 might quickly erase today’s gains.
Look, this isn’t just a flash in the pan. But it could be one. Watch the Fed chatter, watch on-chain action, and ask yourself: is Solana stepping into a new leg up—or merely rebounding before a heavier drop?