Solana (SOL) is once again capturing market attention after a sharp 7% climb that pushed the token near $190 on Thursday, May 22.
With trading volumes spiking and technical support levels holding strong, crypto analysts are now eyeing a potential breakout toward the $200–$210 range this weekend — possibly setting a new all-time high.
Momentum Builds Ahead of Weekend Push
SOL’s recent rally is powered by a surge in investor interest, boosted by growing developer activity on the Solana blockchain and capital inflows from institutional players looking beyond Bitcoin and Ethereum.
According to CoinMarketCap, SOL was trading around $188 at the time of publication, marking a 24-hour gain of more than 6% and a 7-day gain exceeding 15%.
Several bullish signals have emerged:
- High Trading Volume: Solana’s 24-hour trading volume exceeded $3.2 billion, indicating strong market engagement and liquidity.
- Strong Technical Support: Analysts note key support levels near $170 are holding firm, giving bulls room to push higher.
- Relative Strength Index (RSI): SOL’s RSI is approaching overbought territory, but not yet signaling exhaustion, suggesting further upside potential.
Analysts Say $210 Is Within Reach
In multiple recent reports, crypto analysts pointed to the following key technical and psychological levels:
- $200 Resistance Zone: Seen as a major psychological threshold, breaching this level could trigger rapid momentum buying.
- $210 Target: Analysts from CoinCentral and TronWeekly highlight $210 as a realistic short-term target if momentum continues.
- All-Time High in Sight: Solana’s previous all-time high sits just above $259 (November 2021). Though not imminent, analysts say another parabolic run is possible if $210 is cleared.
One analyst told CoinSpeaker, “Solana has reclaimed its bullish trend and is outperforming many large-cap tokens. With increasing on-chain utility and ecosystem growth, we could see $210 as early as this weekend if volume persists.”
Why Solana Is Gaining Traction in 2025
Solana’s rise in 2025 is supported by more than just price action. Here are a few key drivers:
- Institutional Investment: Funds are rotating into Solana as a high-performance blockchain alternative to Ethereum.
- DeFi & NFT Ecosystem: Solana’s DeFi total value locked (TVL) has rebounded, and NFT activity remains active.
- Low Transaction Fees: Solana’s low-cost and high-speed infrastructure appeals to developers and users alike.
Weekend Forecast: Can SOL Break $200?
With strong bullish momentum and broader crypto market optimism following Bitcoin’s recent breakout above $111,000, Solana appears poised to test — and possibly surpass — the $200 mark this weekend.
However, traders are urged to watch for potential resistance near $195–$200 and to monitor macroeconomic signals that could influence risk appetite, such as Federal Reserve commentary and U.S. economic data.
What to Watch For:
- A decisive close above $195 with rising volume
- Breaking past the psychological barrier at $200
- Testing the $210–$215 resistance range by Sunday
If these conditions are met, Solana could enter price discovery territory — putting $259 and beyond back on the radar for bulls.
MORE COVERAGE: Solana | Cryptocurrency
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