Usman Salis
Solana's doing what it does best - bouncing off its ascending trendline like it's made of rubber. Every time the price dips, buyers show up ready to defend. This isn't just luck - it's the kind of action that screams bullish momentum and sets up a showdown with the $250 resistance zone.
Why This Trendline Matters
According to a recent analysis shared by FOUR | Crypto Spaces, Solana’s price action suggests a steady march toward the key $250 resistance level — a zone that could determine the next big move. The chart tells a clear story. Multiple touchpoints along that ascending line show buyers aren't backing down. It's textbook "higher lows" - the kind of pattern that gets traders excited about what comes next. Each bounce off this trendline builds more confidence that we're heading toward that $250 ceiling.
The $250 Battle Zone
Here's why $250 isn't just another number on the chart:
- Previous rejections: Sellers have historically stepped in around this level
- Psychological barrier: Round numbers like $250 always grab attention
- Liquidity magnet: Stop losses and profit-taking orders likely stacked up here
- Technical significance: Breaking through could unlock much higher targets
- Risk level: Rejection here might send SOL back to test the trendline around $230-235
Solana's strength isn't happening in a vacuum. The broader crypto market is heating up again thanks to institutional money flowing in and the Solana ecosystem absolutely crushing it with DeFi and NFTs. While Bitcoin sits around consolidating, SOL keeps pushing higher - that's the kind of relative strength that separates winners from followers.
Usman Salis
