➡️Why is $210 the key level?

This is the nearest supply/swing high area; touched multiple times without a definitive break → becoming a “threshold” to confirm the trend. Some recent analyses noted SOL testing $210 after a ~8% weekly increase, RSI around ~67 (strong but not overbought).

🔸Scenario 1 — Successful breakout (up)• Close candle above $210 with increasing volume → near target: $215–$220, next $236–$240, then $250–$260 (old cycle peak/strong resistance). Some desks/technical analysts also mention the extended level of $270–$295 if the funding continues.

🔸Scenario 2 — Unable to break (correction/reversion):

• Rising/ascending wedge pattern (increased risk of trend break if it fails at the threshold) has been noted by several TA sources: if rejected at $210, the support area to watch is $198–$200, deeper at $190–$192, $180–$176; breaching $168–$160 is the invalidation of the short-term uptrend structure.

➡️Confirmation signals to watch:

• Volume: breakout but volume does not expand → easy “false break”.

• Higher highs/lows on 4H–1D + positive MACD maintaining rhythm.

➡️The foundational “pushes” support the trend

• Users & network revenue: Solana leads on-chain activity and network revenue in Q2/2025; June 2025 MAU according to Artemis “equals the rest combined” (compared to other L1/L2). This is the foundation for SOL's growth thesis.

• Recent stability: Solana's status page recorded no issues from June to August 2025 (increasing confidence after the troublesome 2024 period).

• Firedancer (new client of Jump Crypto): running non-voting, mainnet roadmap 2025; aims to enhance scalability and multi-client (decentralization), serving as a catalyst if launched smoothly.

• The ETF story/funding influx: several major issuers (Fidelity, Franklin Templeton, VanEck, 21Shares, etc.) have filed for SOL/XRP ETFs; observers expect approval milestones in the second half of 2025 (calendar risks may change).

➡️Sample trading plan (for reference, not a recommendation)

• Breakout play: enter after closing a 4H/1D candle above $210–$215 + expanding volume; partial TP at $236 → $250–$260 → $270+; SL below $205–$198 to avoid whipsaw.

• Pullback buy: wait for a retracement to $198–$200 or $190–$192 with signs of absorption (pulling back, buying volume returning), set SL below $176–$180.

• Invalidation: breaching $168–$160 (daily candle close), short-term uptrend structure fails → stay out/wait for reaccumulation.

➡️Quick risk management

• Position ≤ 1–3% of total capital per trade; always set a hard SL.

• No FOMO when the candle breaks out dramatically but the volume does not confirm.

• Monitor macro/ETF calendar: rumors → strong two-way volatility (long wick candles)