Solana (SOL) Consolidates Above $230 – Key Levels to Watch for Next Breakout

Solana has managed to hold on to recent gains after a sharp rally, with bulls defending the $230 support zone. Analysts now eye resistance levels at $238 and $250 as potential triggers for another upward surge.

SOL Holds Higher Ground

SOL rallied strongly above $220, pushing through $235 and even breaking past $242 before topping out at $250 earlier this week. The move placed Solana ahead of Bitcoin and Ethereum in short-term performance. After hitting $250, the price corrected lower, retracing below $240 and the 100-hour simple moving average (SMA). Still, bulls stepped in above $230, preventing deeper losses. At press time, SOL trades just under $240, consolidating gains and preparing for its next move.

Resistance and Support Levels

• Immediate resistance: $238 (bearish trend line)

• Key hurdle: $242, followed by the $250 breakout zone

• Upside targets: $262 and $280 if $250 is reclaimed with conviction

On the downside:

• First support: $232

• Critical level: $229 (50% Fib retracement of $200–$250 move)

• Deeper downside risks: $220 and $212 if sellers regain control

Technical Outlook

• MACD: Momentum slowing in bullish territory

• RSI: Below 50, signaling caution in near-term strength

Analysts suggest a decisive close above $250 could spark another leg higher, while failure to break resistance may see SOL retesting the $220–$229 zone.