Solana Price Forecast: Surpassing These Critical Resistance Points May Lead to an Additional 10% Increase

Solana has regained attention with a significant increase, rising over 11% in the past 24 hours to reach $204. The daily trading volume exceeds $13.6 billion, indicating renewed interest. This surge coincides with the ecosystem’s expansion, positioning Solana as one of the fastest networks in DeFi.

On a fundamental level, momentum was further enhanced by the announcement on August 22nd that Jito, in collaboration with asset management leader VanEck, submitted an application for the VanEck JitoSOL ETF.

This product aims to provide institutional investors with exposure to Solana while also capturing staking rewards, potentially linking DeFi with traditional financial markets. With the US SEC recently providing clearer guidance on staking products, the regulatory landscape is now more conducive to such innovations.

Solana Technical Levels Indicate Potential Breakout

From a technical perspective, Solana is at a crucial turning point. The 4-hour chart is forming a triple top around the $206-$210 range. This pattern typically suggests indecision, but as long as higher lows remain above $187 and $176, the overall trend remains bullish.

Solana is trading near $204 following an 11% increase. The price is testing resistance at $206–$210, forming a triple top. A breakout could propel SOL towards $218–$228. #SOL #Solana pic.twitter.com/lGQdFeqMUz

— Arslan Ali (@forex_arslan) August 23, 2025

Momentum indicators support the bullish outlook. The RSI is at 67, indicating strong demand without any bearish divergence. The MACD has shown a bullish crossover with expanding histogram bars, and buying pressure remains strong.

Current key support and resistance levels are:

• Support: $195, $187, $176
• Resistance: $210, $218, $228

A close above $210 would negate the triple top pattern and shift market sentiment towards continuation. This could trigger a move to $218 and subsequently $228, aligning with TradingView’s projected path.

Solana Price Outlook and Trading Strategy

For traders, patience is essential. Entering too early may result in being caught in a pullback, but a close above $210 would signify a clear breakout. Setting stops at $187 helps manage downside risk while allowing for the higher low pattern to develop.

Solana Price Chart – Source: Tradingview

Initial upside targets are $228, followed by $250 if momentum picks up. In the long term, Solana’s ability to maintain current levels is why many consider it a serious competitor to Ethereum. Its high throughput and low fees have already established it as a core asset in DeFi, and the introduction of an ETF further strengthens its institutional appeal.

Momentum remains bullish: RSI around 67, MACD widening. A close above $210 confirms upward potential, with targets at $228 and possibly $250 in the coming weeks. #Crypto

— Arslan Ali (@forex_arslan) August 23, 2025

Solana’s price forecast heavily relies on a breakout above the $210 level; convincingly, the next 10% upward movement could signal the beginning of a larger trend. For both traders and long-term investors, this represents a pivotal moment – will Solana face resistance or transform consolidation into a launchpad for another significant rally?

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