Solana breaks through the technical zone – what do the data say?

Solana attracts significant attention with a breakout above critical levels. The coin is currently around $200-$205 and gives analysts food for thought about where the journey is headed. With zone after zone being broken, questions arise: How high can SOL really go?

The On-Chain Support Base: $180 as a Pillar of Support

The story actually begins a bit lower. Data shows that around $180 , massive buying occurred: a total of 18.56 million SOL worth nearly $4 billion. This kind of concentration is not just a number – it forms a real buffer. When whales accumulate such a large position at one level, that level becomes a defensive line. If bears push Solana back to this zone, a return of buying interest is very likely.

Technical Patterns Indicate Higher Levels

The ascending triangle pattern that developed provides clear signals. This type of movement occurs when lower lows rise while a ceiling remains stable – until a breakout happens. With Solana, this occurred around $210. Today, this zone is just below the current price and serves as the first test.

If this zone holds, Fibonacci extensions come into play. They point to possible pauses around $240, and ultimately $300. But for that, bears must first be driven out of the game.

MVRV Bands Provide Direction

The Glassnode MVRV bands help gain insight into where support and resistance truly lie. This on-chain indicator compares market value with realized value. Since March 2024, the +0.5σ band has acted as resistance – here, holders take profits. This means that whenever SOL approaches this zone, buyers hesitate.

Currently, Solana is close to the average – around $205. If this level holds, the +0.5σ band at approximately $260 will be the next major zone to watch. This level has already served as a ceiling multiple times, making it technically significant.

Capital Flows Send a Positive Signal

The question remains: who is actually behind this? Analyst Shardi B shared charts showing that SOL convincingly broke through multiple resistances around $275 and $185 . Trading volume increased, RSI rose – indicating serious interest from larger market participants.

Compared to other major tokens, Solana has performed notably stronger in recent weeks. This shows that capital is consciously flowing into this ecosystem. The combination of volume, momentum, and broken levels gives SOL a clear advantage.

What Now? The Next Phase

Bears are, of course, targeting a decline below $192 – where they would want to restore their lines. But with the double layer of support $200 accumulation around ( and the breakout above $210$180 , the outlook for bulls is favorable. Whether Solana can truly climb to ) and beyond depends on sustained demand and how technical zones hold.

The zone between $240-$275 will meanwhile become the next crucial test point.