Solana's price at $210 indicates a sustained bullish trend, hinting at potential future gains in the medium term.
Price Movement and Technical Levels
At the time of writing, Solana (SOL) was priced at $210, reflecting a 4% increase in the last 24 hours and a 3% rise over the week. The price action is within a tight consolidation range between $200 and $206, showing steady accumulation after recent volatility.
According to BitGuru, SOL reversed from a double bottom pattern near $165 and moved upward by over 20%. A subsequent rally added another 14%, pushing the price towards the $210–213 resistance area. SOL is now making its third attempt to break above this level.
EMA Support and Short-Term Structure
Solana is trading above all major exponential moving averages (EMAs) on the 4-hour chart. The 200 EMA is positioned at $200, and the 100 EMA at $197.57. These moving averages are acting as dynamic support levels. Shorter-term EMAs (20 and 55) are converging around $201–$202, which aligns with the current trading range.
This tight alignment of moving averages supports the theory of price compression. Traders are watching the $206.65 resistance level closely. A clean break above this range could lead to price movement towards $220 or higher.
Network Upgrade and Ecosystem Development
Solana has approved the Alpenglow upgrade, aimed at reducing transaction finality from 12.8 seconds to a near-instant speed of 100–150 milliseconds. Developers describe Alpenglow as the most extensive rewrite in the network’s history. The upgrade aims to improve transaction speed and reliability across the Solana blockchain. Validators have begun preparing for the new implementation.
Solana shows strong signals of a bullish trend supported by technical levels and upcoming network improvements, creating potential for further growth.
