Solana (SOL) is showing strong momentum lately, trading around US$240-250 as of today. Over the past month SOL has gained over 30-35%, driven by increasing on-chain activity, developer adoption, and positive sentiment from institutional investors.
Key support levels are in the US$200-210 zone; if price drops below that, a fallback toward US$185-195 is possible. Resistance is forming between US$240-260; a clean breakout above this could open further upside.
Other favorable factors:
Large institutional accumulation — big funds are buying SOL, reducing supply on exchanges.
Strong fundamentals: rising number of daily transactions, growing total value locked (TVL) in Solana DeFi/NFT ecosystem. Low fees and fast settlement give SOL an edge vs rivals.
Risks include overbought technical indicators, potential resistance at $260-$270, and macro/regulatory headwinds. If market sentiment turns or broader crypto weakens, pullbacks to support zones could occur.
