Solana Trades Near $201 as Analysts Eye Break Above $205 for the Next Bullish Leg

Solana trades near $201 as analysts watch for a break above $205 to confirm bullish momentum.

SOL’s trading volume rose 18.58% to $7.43B, showing strong market participation despite price pressure.

Analysts set near-term targets at $215, $222, and $227 if Solana holds support above the $195 zone.

Solana (SOL) is trading near $201, showing a potential pullback after a recent downtrend. The market is trying to regain strength as buyers maintain momentum around current levels. If price action closes firmly above $205, it may confirm the next bullish leg toward the $220–$230 range, supported by growing trading volume.

Current Price Action and Market Structure

According to analysis prepared by BitGuru, Solana has been trading within a defined consolidation range after a prior decline. The market recently stabilized between $170 and $230, forming strong support around $180 and visible resistance near $230. Price dynamics indicated that the Market remained stable at above $190 with buyers slowly regaining control.

CoinMarketCap data indicated that SOL traded at $194.86, down 3.79% over the last 24 hours, with a market capitalization of $107.11 billion. Although there was a slight decline, the trading volume increased by 18.58% to $7.43 billion as both retail and institutional traders participated. The prices ranged between $190 and $204 during the session, and there was some resilience as the buyers defended the lower prices at $192.

Source: CoinMarketCap

BitGuru reported that Solana’s market structure remained stable, and momentum could strengthen if the token closes above $205. A move like this can validate an extension into the $220–$230 zone, with steady volumes and uninterrupted accumulation patterns in the course of the short-term periods.

Support, Resistance, and Near-Term Targets

According to an observation by Kamran Asghar, Solana is retesting a key support zone near $195 after an earlier breakout. Holding this level is critical for maintaining upward potential toward $207 and higher resistance levels. The chart displayed defined support and resistance areas that form the foundation for short-term price movements.

Source: KamranAsghar(X)

Fibonacci projections on Asghar’s chart showed possible targets near $215, $222, and $227 if upward continuation follows. The price action suggested sequential advances after each pullback, showing that buyers remained active near critical zones. Market conditions remained stable as liquidity stayed consistent within the $190–$200 range, suggesting controlled momentum.

Solana’s recent activity indicates improving strength after a period of correction. Traders are still keeping a close eye on the $205 mark as it consolidates around the price of $201. A strong close above this point can lead to the revival of buying interest and validation of the next bullish stage to higher resistance levels around $230.

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