Solana Nears $205 Resistance With 8% Daily Surge: Analysts see a $255 Breakout Next

Solana (SOL) is once again testing a critical barrier at $205 after surging nearly 8% in the past 24 hours to $203.5. The move has triggered a renewed optimism among traders who see the ascending triangle pattern forming on the charts as a potential launchpad for a breakout toward $255. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line According to analyst Lark Davis, Solana has been rejected three times at the $205 mark, but higher lows and sustained buying pressure suggest that momentum is building. “If volume continues to rise into this test, the setup points clearly to $255 as the next target,” Davis ￰0￱ activity supports that outlook, with more than $9 billion in daily volume underscoring strong market ￰1￱ Indicators Signal Solana Stability Market data shows Solana is not yet in overbought territory, with its Relative Strength Index (RSI) sitting at ￰2￱ gives the cryptocurrency room to climb further without triggering immediate selling ￰3￱ MACD indicator has also confirmed a bullish crossover, aligning with the positive momentum.

On-chain signals strengthen the case for upside. Solana’s trading volume is steadily increasing, while its clean rebounds from the ascending trendline highlight active buying on every ￰4￱ analyst Alex Clay further pointed out a completed W-bottom pattern on the SOL/BTC chart, suggesting Solana may outperform Bitcoin in the short term, just as Ethereum recently did. Outlook: Path Toward $255 Breakout For traders, the $205 level has become the decisive battleground. A confirmed breakout above it, supported by strong volume and sentiment, could propel Solana to the $255 technical target.

SOL's price trends to the upside on the daily chart.