Solana Could Rise Toward $216–$225 If $206 Support Holds, Technicals Indicate Cautious Momentum

• Solana remains above $208, holding $206 as critical support.

• MACD bullish crossover and RSI near 63 signal strong momentum but rising overbought risk.

• Market cap recovered ~9% to $114.5B; network revenue and staking inflows show renewed capital.

Solana price updates: SOL price holds $206 support and eyes $216–$225 breakout — read actionable levels and next steps.

Solana trades above $208, testing support at $206. Momentum may drive SOL price toward $216–$225 if uptrend persists.

Solana (SOL) is heating up again, trading near $212.08 with a 4.32% daily gain. Buyers are defending the $206 support zone, and market participants are watching volume and momentum indicators for confirmation of a breakout toward the $220s.

What is Solana price doing today?

Solana price is trading above $208, using $206 as near-term support. Short-term momentum indicators favor a rally to $216–$225 if volume increases; a decisive close below $206 would shift risk toward $180–$185.

How are technical indicators shaping short-term SOL outlook?

The MACD has posted a bullish crossover with a green histogram, indicating rising buying pressure. RSI sits around 63.51 — strong but not yet deeply overbought. On the 1-hour chart (Binance price data), the breakout above $204 turned prior resistance into support at $206. A sustained move past $215–$217 with higher volume would validate a push toward $220–$225.

Key Technical Levels Remain Intact

On the 1-hour chart, SOL broke above local resistance and pulled back to test $206 as support. Session highs reached $208.84 before consolidation around $208.25. Analysts note that as long as price holds above $206, the short-term trend remains bullish.

Price action outlines two plausible paths: 1) direct rally to $216–$218 and then $220–$225, or 2) a short retest of $206 followed by a rebound. The breakout above the $204 zone confirmed renewed buying pressure despite upper-wick selling on some candles.

Why could momentum slow despite bullish signals?

A rising wedge pattern on the daily view (as shown by chart analysts) can follow extended uptrends and suggests weakening momentum. If SOL falls below a tight $208–$210 range, technical support could give way and open a correction toward $180–$185.

Indicators Suggest Momentum but Call for Caution

MACD bullish crossover and positive histogram growth show momentum. RSI near 63.5 flags that buyers are active but nearing overbought thresholds. Trading volume remains steady; only higher volume on a breakout past $215–$217 will confirm sustained upside toward $220–$225.

Market Capitalization Recovers After Midweek Decline

Solana’s market cap dipped from near $114B on August 28 to below $107.5B on August 30, then recovered. By September 3, market cap rose to about $114.5B, a near 9% recovery from the low. This rebound reflects renewed capital inflows and stronger trader interest.

On-chain data providers (SolanaFloor) reported approximately $77 million in network revenue during August. Staking and ETF-related inflows tied to the $SSK staking ETF reached about $219 million, indicating renewed institutional and retail interest in staking products.

Frequently Asked Questions

Is $206 a reliable support level for SOL?

Yes. Technicals and recent price action show $206 acting as immediate support after being reclaimed from prior resistance. A confirmed daily close below this level would increase downside risk to $180–$185.

How high can SOL climb if momentum continues?

If volume confirms the move and SOL clears $217, targets become $220 and $225 based on recent resistance clusters and measured-move projections from the breakout above $204.

Key Takeaways

• Support level: $206 is the critical short-term floor to watch.
• Momentum signals: MACD bullish crossover and RSI ~63 suggest strength with caution.
• Market context: Market cap recovered ~9% to $114.5B; on-chain revenue and staking inflows support demand.

Conclusion

Solana price remains in a bullish technical posture as long as $206 holds. Traders should watch volume on a move above $215–$217 for confirmation of a run toward $220–$225, while a close below $206 would shift focus to deeper support near $180–$185. Monitor on-chain revenue and staking flows for validation of sustained interest.