Solana May Hold $190 as Support, Eyes $210 Amid DeFi TVL Rise to $11.3B and Growing Institutional Interest

• Support/resistance shift: $190 turned support; $210 is next resistance and short-term target.

• On-chain metrics: Solana TVL at $11.336B and rising stablecoin liquidity strengthen market depth.

• Institutional signals: ETF filing activity and EU infrastructure reviews increase institutional tailwinds.

Solana price is bullish after $190 flipped to support; SOL aims for $210 as indicators and on-chain data align — read on for levels and key metrics.

#Solana turns $190 into strong support as price targets $210, backed by bullish indicators, #DeFi growth, and rising institutional interest. #Crypto

• Solana turns $190 into support as price eyes $210 with strong technical momentum.
• DeFi growth pushes Solana’s TVL to $11.3B with rising buybacks and stablecoin liquidity.
• Institutional interest grows with VanEck’s Solana ETF filing and EU infrastructure review.

What is driving Solana’s recent price breakout?

Solana price moved higher after breaking above $190, which has since acted as support. The breakout was confirmed by increased trading volume and bullish moving average alignment, placing $210 as the next objective for traders and analysts.

How strong is Solana’s technical momentum?

Technical momentum is robust on short-term charts. On the one-hour timeframe, SOL rallied from $180 to $209.72. The 5MA, 10MA, and 20MA are stacked in ascending order, and the 10MA crossed above the 20MA, indicating bullish alignment (analysis from market observers such as Gemxbt).

The Relative Strength Index is approaching 70, reflecting strong buyer participation. MACD remains in positive territory with the MACD line above the signal line and green histogram bars, supporting further upside while monitoring for overbought signals.

Trading volumes spiked during the breakout above $190, providing confirmation of a structural shift. The market now sees $190 as a firm support while traders eye $210 as the next resistance level. Market commentator Ted Pillows expects that reclaiming the $210–$220 zone would accelerate the move higher.

Why do on-chain metrics support the rally?

Solana’s DeFi ecosystem shows healthy growth, supporting price structure. Total value locked on Solana is reported at $11.336 billion, a 1.40% 24‑hour increase per DefiLlama data. Stablecoin market capitalization on the chain stands near $11.683 billion, ensuring liquidity for DEXs and lending protocols.

Daily network fees on Solana reached approximately $1.12 million, while decentralized exchanges processed around $3.167 billion in 24‑hour volume. Token buybacks on Solana-based projects increased sharply, up 158% over two weeks and now representing roughly 40% of observed buyback activity in the crypto sector.

When will institutional activity influence price further?

Institutional interest is increasing. VanEck has submitted filings related to a Solana ETF in the United States, and reports indicate the European Union is reviewing Solana alongside other chains for potential digital currency infrastructure use. These developments add a structural confidence layer beyond retail flows.

Frequently Asked Questions

Is $210 a realistic short-term target for SOL?

Yes. With $190 confirmed as support and momentum indicators aligned, $210 is a logical near-term resistance target. Sustained volume above $200 will improve the probability of reaching $210 within weeks.

How should traders manage risk after the breakout?

Traders should size positions around support at $190, use trailing stops below $190 to protect gains, and watch RSI and volume for signs of exhaustion. Diversify risk and consider reducing leverage near $210–$220 resistance zone.

Key Takeaways

• Support flip: $190 has shifted to support, validating the breakout.
• Technical momentum: Moving averages, RSI near 70, and MACD confirm bullish bias.
• On‑chain and institutional backing: TVL growth, higher fees, buybacks, and ETF filing activity support a $210 target.

Conclusion

Solana price action is bullish after $190 turned into support, with on‑chain metrics and technical indicators pointing toward $210 as the next target. Continued monitoring of volume, RSI, and institutional developments is recommended. For ongoing coverage and level updates, follow COINOTAG’s market briefings and analysis.