Solana Price Don Rally Pass $200, Eye $220 Resistance
Solana price don jump well well for the recent weeks, e gain over 20% from $165 to clear the critical $200 resistance and e gain almost 50% for the month. The surge follow Bitcoin rally and e come with obodo two-month high for Solana development activity, as Santiment compare e power to Ethereum early run. Technical indicators show say SOL don cross 76.4% Fib retracement and the 50-day SMA, bulls dey eye $212, $220 (1.236 extension) and $225 (1.618 extension). If SOL fit keep daily close over $200, e fit try new highs and go back to previous all-time peak by August. Demand for chain dey rise as big players like DeFi Development Corp (wey get almost 1 million SOL), Bit Mining and Hong Kong’s MemeStrategy plan big SOL investments. Immediate support dey for $192, then $185, with trend-line near $172; if e fail hold these ones, e fit cause pullback to $165. Overall, to maintain Solana price above $200 na the key to keep bullish momentum and attract more capital rotation into Solana.
Bullish
This news dey bullish for Solana for both short and long term. For short term, if e fit surpass the $200 resistance and clear key Fibonacci levels, e mean say strong momentum dey, e fit make people wan buy and push SOL go targets like $212, $220 and beyond. Technical indicators like the 50-day SMA breakout dey support more upward movement. For long term, two-month high development activity plus growing institutional adoption—like big holdings from DeFi Development Corp, Bit Mining and MemeStrategy—show strong on-chain fundamentals. Together, sustained demand and capital shift into SOL fit maintain upward pressure and reduce volatility, making traders get positive outlook.