Solana: Price Within Wedge But Buyers Retain Control (Technical Analysis)

Summary Solana trades near $203.90 after rebounding from $190 earlier this ￰0￱ of $10.76 million on Aug. 27 point to renewed positioning amid broader outflow ￰1￱ breakout level stands at $210, with targets toward $225–$230 if resistance clears. ​Solana is trading around $203.90 in Wednesday’s session, consolidating gains after bouncing from the $190 region earlier this ￰2￱ move reflects a steady advance inside an ascending wedge, with support near $182 and resistance close to $215. While the wedge structure often signals caution near upper boundaries, demand has continued to reassert itself on each retracement, keeping buyers in ￰3￱ 4-hour chart highlights this ￰4￱ has reclaimed short-term moving averages, with the 20-EMA at $197 and the 50-EMA at $194 now acting as immediate ￰5￱ price dynamics () The 100-EMA at $190 and the 200-EMA near $184 provide additional protection, underlining how dip buyers have consistently stepped in since early ￰6￱ the upside, Solana faces resistance near $210 to $215, where wedge resistance and prior peaks converge.

A sustained break above that band would likely trigger a run toward $225 to $230. Momentum and liquidity flows remain supportive Momentum signals have turned ￰7￱ RSI is printing near 60, recovering from mid-range levels last ￰8￱ RSI lows since mid-August confirm strengthening demand, with buyers holding the upper hand as long as readings remain above ￰9￱ a reversal below 45 would suggest that bullish control is ￰10￱ data further supports this ￰11￱ figures show Solana recorded inflows of $10.76 million on Aug. 27 at a spot price near $203.87. This marks a notable shift after months of outflow-driven pressure. Historically, similar inflow spikes have coincided with local rallies, and the ability of price to stay comfortably above $200 alongside these flows suggests firm underlying ￰12￱ or pullback hinges on $210 The roadmap for Solana is defined by clear ￰13￱ the upside, a breakout above $210 would mark a decisive win for bulls, setting up targets at $225 and $230.

On the downside, the $197 to $194 band now serves as first support, followed by $190 at the 100-EMA. A breakdown below $182 would weaken the wedge structure and risk a slide toward $170. In prior analysis, Solana’s ability to hold the $183 to $189 band was highlighted as a key test for sustaining the ￰14￱ recent rebound from $190 confirms that support remains valid, with momentum and inflows reinforcing the bullish ￰15￱ before, the $210 to $215 ceiling remains the level that must be cleared to unlock further ￰16￱ material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our ￰17￱ we adhere to strict Editorial Integrity , this post may contain references to products from our ￰18￱ Post