Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum
After days of lasting extreme volatility and huge sales pressure, Solana trades above the crucial $200 level. Despite uncertainty, Solana remains one of the most powerful assets in the cryptocurrency market, and the driving force for maintaining its optimism has been around since 2023. Investors and analysts are paying close attention to this key level, as maintaining support over $200 is crucial to confirming further upward potential.
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Top analyst Jelle shared a technical analysis on X highlighting Solana’s current location. He noted that Sol has maintained a critical support level so far and stressed the importance of bounce from the region to maintain short-term bullish momentum. According to Jelle, recouping $220 is the Bulls’ first mission as it will lay the foundation for the recent highs. However, not holding above $200 can cause trouble, which can lead to further declines and longer consolidation periods.
As the market experiences high volatility, this week is crucial to identifying Solana’s short-term trajectory. if Bulls defend key support levels Add to the resistance area, and Saul may get higher and higher, continuing last year’s impressive game.
Solana at the critical moment: Can the bulls be controlled?
Solana has been from its highest high school all-time, attracting the attention of investors who are concerned about extending corrections. Although SOL has been one of the most powerful assets in the cycle, recent price action has left market participants uncertain about its short-term direction.
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Despite institutional interest and the U.S. government, the market is still plagued by doubt, while the Altseason narrative is struggling to gain appeal. Compared to past bull markets, the level of uncertainty around the cryptocurrency market is unprecedented, increasing the hesitation of retail investors.
However, some analysts remain bullish on Solana’s long-term outlook. Top analyst Jelle shared Technical analysis on Xreveals Solana’s key support levels so far are about $200. He stressed that to keep SOL bullish in the short term, it is necessary to rebound from the region. If the Bulls step in and defend this level, Jelle expects more than $220 in the near future, which could pave the way for broader recovery.
If Solana holds above $200 and retracts key resistance levels, it will mark the intensity of the update and confirms that potential rally returns to all-time highs. However, if the SOL breakout supports the following, further disadvantages may be raised, thereby enhancing bearish sentiment in the market. The next few days will be crucial to identifying the next phase of Solana price action.
Sol Price’s main support is $200
Solana (Sol) is currently trading at $205, maintaining a critical support level of $200. This price is crucial for short-term momentum, as holding it above can enhance bullish cases, thus making the other leg higher. If the Bulls can maintain this level and push up $220, a strong breakthrough could occur, potentially bringing Sol back to all-time highs (ATH) territory.
However, if $200 cannot be held, Sol may face deeper corrections, with the next major demand zone around $180. A drop to this level could mark a longer phase of consolidation, delaying the expected bullish continuation.
Solana is still in a decisive stage, with market structure and purchasing pressures going to determine the next major action. If Saul recoups $220, more and more pulls return $250-260. On the other hand, losing $200 will change bearish sentiment and put downward pressure on price action.
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With strong fundamentals and bullish long-term momentum, investors are closely watching Solana’s price action. The next few trading courses are crucial to determine whether SOL can resume its upward trend or face further downward pressure.
Featured images from DALL-E, charts from TradingView
