Solana price (SOL) is showing signs of a major breakout, with bullish momentum building across technical charts, strong on-chain activity, and growing investor confidence. The Layer-1 giant is currently trading around $177, and analysts believe it could rally toward $195 soon, potentially paving the way for a retest of the $250 zone.
In the last 24 hours, Solana’s price has climbed another 1.8%, continuing a consistent upward move that has seen it gain over 33% in the past month. Beyond the short-term numbers, technical setups and ecosystem fundamentals suggest that Solana’s price might be preparing for something bigger.
Solana Price Action Gains Momentum
A recent tweet from crypto analyst Ace to his 43k X followers highlights a key milestone for Solana on the weekly chart. According to the Ichimoku Cloud indicator, the SOL price has remarkably recovered and is now approaching the Kijun resistance at $195, which is the red line on the chart he shared.
If the Solana price breaks and flips this level into support, the next technical target sits around $250.
This is a strong resistance zone on the weekly timeframe, and flipping it would signal a bullish continuation with a clear path toward previous highs.
Ace noted, “normally from here it would go to the Kijun,” and breaking that opens the door to higher targets.
Furthermore, a tweet from crypto trader Coinvo, who shared a long-term price chart with a rising diagonal trendline dating back to late 2022, supports this bullish view. Each time Solana’s price touched this trendline, it bounced sharply, and the most recent test was no different.
This clear, upward-sloping structure is a classic signal of long-term strength. The broader trend remains bullish as long as $SOL respects this ascending support line.
With the current price action rebounding cleanly off the trendline, confidence is growing that Solana may be on its way to challenge $250 and beyond in the coming months.
DeFi Growth and Daily Activity Boost Solana’s Fundamentals
On-chain data from DefiLlama further reveals that the Solana ecosystem is active and expanding rapidly, suggesting that investor confidence is backed by real usage.
Solana’s Total Value Locked (TVL) currently stands at a substantial $9.28 billion, reflecting the capital deposited across its DeFi applications. In addition, its 24-hour DEX volume surged to $4.25 billion.
App revenue of $8.46 million daily is notable, showcasing developers’ and projects’ ability to generate real economic value. Add to that $6.16 million in daily net inflows and over $47 billion in bridged value locked.
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