Ayush Jindal: Solana can break through the $ 200 level in the near future

The Solana cryptocurrency SOL $151.58 Binance-Peg SOL 2.51% Market capitalization $0.17 billion VOL. 24 hours $0.3 billion is showing signs of steady growth, receiving strong support from buyers. Analyst Ayush Jindal, known for his expertise in technical market analysis, notes that SOL may be targeting a new important level of $ 200. The current price dynamics indicate the formation of a positive momentum, which could lead to further growth.

According to the analysis, the key support for the token is currently observed at around $ 170. If this milestone can be held, SOL has the potential to break through the following resistances located in the range of $ 185-$ 195. If they are overcome, the way to the psychologically important level of $ 200 will be opened. The forecast is based on technical indicators that indicate the dominance of buyers in the market.

Investors' interest in Solana is not only due to positive market conditions but also to the active development of the ecosystem. The project demonstrates a stable transaction speed and an attractive commission model, which strengthens its position among blockchain platforms. Amid the general recovery of the cryptocurrency market, SOL remains one of the main beneficiaries of growing institutional demand.

On the technical side, analysts note the formation of an ascending channel within which SOL has been moving since early May. So far, there are no signals of market overheating or significant sales volumes, which also supports the likelihood of continued growth.

Despite the positive forecasts, analysts advise a balanced approach to investment decisions, given the high volatility of the cryptocurrency market. Further actions of Solana’s price will depend on both the technical structure and the news background, including macroeconomic factors and investor sentiment towards risky assets.