Solana is trading around 242.67, showing strong bullish momentum and holding above key support levels. Recent gains have been supported by institutional inflows, rising demand, and growing developer activity.
While resistance zones are being tested, market sentiment remains positive, and SOL looks positioned for further upside if momentum sustains.
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Solana Next Target
Price: ~242.67
Market Cap: ~133–134 billion
24-Hour Trading Volume: ~8.1-8.4 billion
Circulating Supply: ~542.44 million SOL
Total Supply: ~609.6 million SOL
It is in the formation of the bearish bat pattern.
Current resistance level is $250 and the completion of the pattern level is $273.
Key Indicators & Market Signals
SOL has gained more than 20% in the past week, reflecting strong short-term upward trend.
The token is trading above the $200 psychological support level, which has now become a base for buyers.
Resistance zone around $250 is being tested; breaking above could push toward $270-$300 in coming weeks.
Inflationary pressures are easing somewhat as network upgrades and usage improve yield on staking and transaction fees.
Latest News Highlights
Institutional interest continues to flow into Solana, with large funds and treasuries showing increasing exposure.
Solana’s ecosystem is generating more revenue than many Layer-1 peers, strengthening its fundamental case.
Technical analysts point out that an ascending trendline is holding and SOL is forming patterns consistent with continued upside.
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Harsh Panghal
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