STOP âSolana Breaks Out: Is $250 Next? What the Latest Indicators Reveal
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đ„After weeks of sideways movement, Solana (SOL) finally broke above its key resistance zone â and traders are now eyeing the $250 mark as the next major target. But can the momentum hold? Letâs break it down đ
đ Technical Setup:
SOL recently crossed above its 50-day moving average, confirming a short-term bullish reversal. The RSI is showing strong buying pressure but hasnât hit overbought yet â a sign thereâs still room for upside.
đ° Whale Activity Rising:
On-chain data shows a spike in large transaction volumes, suggesting smart money is quietly positioning for the next leg up. This accumulation trend often signals a potential breakout continuation.
âïž Network Strength:
Solanaâs daily active users and transaction count continue to rise, showing strong real-world adoption â one of the key fundamentals behind this rally.
â ïž Key Levels to Watch:
$SOL
{spot}(SOLUSDT)
Immediate resistance: $250
Support zone: $210â$215
A clean breakout and daily close above $250 could open the door toward $300, while failure might trigger a pullback toward $200.
đ§ Bottom Line:
Momentum, volume, and fundamentals all align â but traders should stay alert. If Bitcoin holds steady, Solana could be gearing up for its next explosive move.
#solana #sol