Solana (SOL) continues to show resilience, trading around $210 at the time of writing. The cryptocurrency gained 4% in the past 24 hours and 3% over the week, consolidating within a narrow range between $200 and $206. This steady price action highlights accumulation following recent volatility.On the 4-hour chart, Solana has formed a bullish market structure since early August. Data from BitGuru shows SOL rebounded from a double bottom near $165, rallying more than 20%. Another upward move of 14% followed, driving price into the $210–$213 resistance zone. Currently, SOL is making its third attempt to break through this key level.
Trading Volume Surges Amid Price Compression
A surge in trading activity has accompanied the price action. Solana’s 24-hour trading volume has crossed $9.2 billion, reflecting growing interest from market participants. Popular analyst Altcoin Sherpa commented, “This Solana compression is huge. Tons of volume being transacted within this range and I think that we’re going to break up soon.”
Volume Profile data confirms strong transaction activity in the $200–$206 zone, reinforcing the case for price compression. Historically, such tight consolidations with high volume often precede a breakout.
EMA Support and Key Resistance Levels
Solana is currently trading above all major exponential moving averages (EMAs) on the 4-hour chart. The 200 EMA sits at $200, while the 100 EMA is at $197.57, both acting as dynamic support. Shorter EMAs, including the 20 and 55, have converged around $201–$202, aligning with the consolidation range.
$SOL This Solana compression is huge. Tons of volume being transacted within this range and I think that we're going to break up soon. pic.twitter.com/YJVXRaFplK— Altcoin Sherpa (@AltcoinSherpa) September 2, 2025
Traders are closely monitoring the $206.65 resistance level. A decisive move above this zone could open the path to $220 or higher, strengthening the bullish case.
Alpenglow Network Upgrade to Boost Ecosystem
Beyond price action, Solana has advanced its network development with the approval of the Alpenglow upgrade, described as the most extensive rewrite in its history. This upgrade aims to slash transaction finality times from 12.8 seconds to just 100–150 milliseconds, marking a significant leap in performance.
Validators across the network are preparing for implementation, with developers highlighting improvements in transaction reliability, scalability, and overall ecosystem efficiency.
Conclusion
With trading volume climbing, price compressing near critical levels, and a transformative network upgrade underway, Solana’s outlook remains strong. Analysts believe a breakout above $213 could trigger a new rally toward $220, supported by both technical strength and fundamental developments.
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