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Solana (SOL) Price Skyrockets – How Long Can Bulls Maintain Control?

Solana (SOL) Price Skyrockets – How Long Can Bulls Maintain Control?

Author:
Newsbtc
Published:
2025-08-29 05:08:15
7
2

Solana just ripped through resistance levels like they weren't even there. The rally's momentum has traders scrambling while skeptics watch from the sidelines.

The Bull Run Anatomy

SOL's surge isn't happening in isolation—network activity spiked, developer engagement climbed, and institutional interest quietly built up behind the scenes. The chain's processing speed became its ultimate weapon, leaving competitors eating dust.

Testing Resilience

Every pump faces a test. Profit-taking lurks, leverage flushes out weak hands, and macro sentiment shifts without warning. Solana’s real challenge? Proving this isn’t just another crypto bubble destined to pop when Wall Street gets bored.

Bulls are holding the line—for now. But in crypto, today’s rally can become tomorrow’s 'I told you so' faster than you can say 'irrational exuberance.'

Solana Price Extends Surge

Solana price started a decent increase after it found support near the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $200 level to enter a short-term positive zone.

The price even smashed the $205 resistance. The bulls were able to push the price above the $212 barrier. A high was formed at $217 and the price is consolidating gains above the 23.6% Fib retracement level of the upward MOVE from the $185 swing low to the $217 high.

Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair.

Solana Price

On the upside, the price is facing resistance NEAR the $218 level. The next major resistance is near the $220 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level.

Downside Correction In SOL?

If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $210 level.

A break below the $210 level might send the price toward the $202 support zone and the 50% Fib retracement level of the upward move from the $185 swing low to the $217 high. If there is a close below the $202 support, the price could decline toward the $195 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $212 and $202.

Major Resistance Levels – $220 and $225.

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