Solana crypto price has reclaimed critical support at $197, reinforcing bullish market structure. With higher lows intact, the stage is set for a potential expansion toward the $260 resistance level.
Summary
- Solana has reclaimed $197 support above the value area high.
- Market structure remains bullish with higher highs and higher lows.
- A breakout with strong volume could target $260.
Solana (SOL) price action continues to display strength after securing support at $197, a level that now sits above the value area high of its broader trading range. This structural reclaim highlights a strong bullish foundation, with higher highs and higher lows forming consistently. Adding to this momentum, tokenized assets on Solana have now surpassed $500 million, underscoring the network’s expanding utility beyond memecoins. Market participants are closely watching for volume confirmation to validate an expansion phase.
Solana price key technical points
- Support Reclaim: $197 serves as critical high-time-frame support, sitting above the value area high.
- Market Structure: Consecutive higher lows confirm a bullish vertical accumulation setup.
- Upside Target: Break above local resistance could open the path to $260 in the short-to-mid term.
The reclaim of $197 marks a significant structural win for Solana bulls. This level aligns with the value area high of the previous trading range, providing a strong technical floor. Since the reclaim, the price has consistently printed higher highs and higher lows, confirming that bullish momentum remains intact.
Solana’s price action suggests vertical accumulation, where buyers steadily push the asset higher through repeated support retests and higher low formations. The structure implies that once strong volume influxes arrive, the market is positioned for a sharp expansion phase. The $260 resistance zone has emerged as the next critical level to watch, as it aligns with the broader bullish trajectory.
Despite this bullish structure, volume remains the missing component. Current impulsive moves have not yet been supported by strong sustained demand. Historically, Solana rallies are marked by decisive increases in volume, which not only fuel expansion but also validate continuation patterns. Traders should therefore monitor for bullish influxes on the volume profile to confirm the next leg higher.
What to expect in the coming price action
As long as Solana maintains support above $197 and continues forming higher lows, the probability favors a rally toward $260. A breakdown below $197 on a closing basis would invalidate the bullish structure.
