Saad Ullah
Solana just won't quit. After weeks of grinding higher, SOL has cleared $240 and looks like it's gearing up for something bigger. Right now, SOL is trading at $242.80, and the buyers are clearly running the show with no signs of backing down.
Technical Picture Points Higher
Analyst FOUR Crypto Spaces is pointing to the charts and calling out the $300 zone as the next major battleground - a level that's stopped previous rallies cold.
The setup couldn't be cleaner if you drew it yourself. We've got that critical resistance sitting between $295-$305 where sellers have jumped in before. Below that, SOL has solid support around $220 that's been holding strong during pullbacks. Since May, it's been all higher highs and higher lows - textbook bullish action. If this momentum keeps rolling, that $300 test is looking more like a when, not an if.
What's Driving This Rally
The fundamentals are backing up what the charts are saying. Solana's ecosystem is firing on all cylinders with DeFi protocols, NFT platforms, and payment solutions all seeing serious adoption. Institutional money is flowing into Solana investment products, and the broader altcoin market is heating up with Ethereum, BNB, and other majors surging alongside SOL. When the technical and fundamental stars align like this, it usually means something's about to happen.
Everything's pointing toward Solana making a run at that $300 wall. If it breaks through, we could see some serious price discovery action that sets up even bigger targets heading into Q4. But if the sellers step up and push it back, don't be surprised to see SOL retreat to that $220-$230 support zone to regroup before trying again. For now though, the trend is your friend, and Solana's trend is pointing straight up. This is definitely one to keep on your watchlist as we approach what could be a make-or-break moment.
Saad Ullah
