Solana Price Tightens Near $200 While Adoption and Treasuries Challenge Bitcoin

Solana (SOL) has entered a crucial zone as the price tightens near the $200 support ￰0￱ recent pullback in crypto markets, which pushed Bitcoin below $112,000, has also put pressure on ￰1￱ the bearish sentiment, bulls remain active around this key ￰2￱ Reading: XRP Price Chatter Heats Up After Developer’s $4 Hint – Details Trading volumes have surged past $12 billion within 24 hours, indicating strong participation from both buyers and ￰3￱ point out that a drop below $200 could trigger liquidity-driven volatility, but any decline might also serve as a springboard toward $250 in the near ￰4￱ daily chart shows SOL consolidating within an ascending channel, with RSI cooling to neutral ￰5￱ the midline support around $210 holds, a retest of $250 remains a possibility.

SOL's price trends lower on the daily chart.), Solana’s fundamentals suggest strong upside ￰6￱ believe that if SOL closes above $250, the token could target $300 before ￰7￱ institutional portfolios still holding less than 1% of Solana’s supply, the room for growth remains ￰8￱ Reading: Bitcoin Price Could Still Crash To $99,000 If This Happens, Warns Ostium Labs For now, all eyes are on whether Solana can defend the $200 support. A short-term dip may be inevitable, but with adoption accelerating and treasuries expanding, the long-term narrative suggests that Solana’s challenge to Bitcoin is only ￰9￱ image from ChatGPT, SOLUSD chart from Tradingview