Solana is consolidating above key support levels, with participants eyeing a breakout that could fuel its path towards $240 target.
Solana is once again making headlines, this time with momentum that feels different from past rallies. Following the news of Sol Strategies becoming the first Solana treasury company to list on Nasdaq, confidence in SOL has only grown stronger.
Solana Treasury Company to Get Listed on Nasdaq
The news that Sol Strategies has become the first Solana treasury company to be listed on Nasdaq is a meaningful development for Solana. What makes it even more significant is the fact that Sol Strategies holds over 400,000 SOL in its treasury. By tying such a large reserve directly to a Nasdaq-listed entity, Solana gains visibility on Wall Street.
Solana’s first treasury company secures a Nasdaq listing, tying over 400,000 SOL directly to Wall Street exposure. Source: Ash Crypto via X
With this, the impact on SOL Solana price is likely to be stronger. It reinforces confidence in Solana’s long-term relevance while providing another bridge between decentralized networks and global capital markets.
Solana Price Consolidates Above Key Levels
After the strong headlines around Sol Strategies’ Nasdaq listing, Solana price is showing a healthy period of consolidation. Price action has been holding firm above the $200 support zone while respecting a steady series of higher lows. The current structure suggests that SOL Solana price is digesting recent gains, with the consolidation taking place just above prior resistance levels now acting as support. Volume flows indicate reduced selling pressure, a common sign when markets prepare for their next leg.
Solana holds firm above $200, with consolidation hinting at a potential breakout towards $220 and $241 if momentum strengthens. Source: ShardiB2 via X
From a ShardiB2 perspective, the $206 to $210 range is shaping up as the near-term pivot. A breakout with conviction from this zone could open the path towards $220 and $241, while holding above $200 keeps the bullish structure intact.
Solana Breakout Could See Targets at $240 and $255
Recent chart shared by Astrones2 shows Solana is shaping into a symmetrical triangle, with price consolidating tightly after holding above the $200 region. This kind of pattern often acts as a continuation setup, where the market builds pressure before deciding direction. The repeated tests of both the ascending support and descending resistance suggest that a breakout is drawing closer.
Solana forms a symmetrical triangle above $200, with a breakout over $210 eyeing targets at $240 and $255. Source: Astrones2 via X
Technically, the upside targets are well defined. A breakout above the $210 pivot level would first expose $240 as the immediate resistance zone, with $255 coming in as the next extension level if volume supports the move. On the downside, keeping $200 intact as a support base is key for maintaining the bullish bias.
Solana Price Prediction: $500 Still on the Table
The idea of Solana reaching $500 before year’s end is more than just wishful thinking, it’s backed by several strong tailwinds. With institutional interest growing, ETF talks gaining traction, and treasury firms like Sol Strategies tying large reserves to SOL, the fundamentals are stacking up in its favor. Technically, the structure has remained bullish above key support zones, and the market has been digesting gains in a healthy consolidation. These factors together keep the $500 level in play as a realistic milestone rather than a distant dream.
Solana’s bullish structure and institutional momentum keep the $500 target alive, with $250–$270 acting as the key launch zone. Source: Cloudz via X
That said, the path higher will likely come in stages. Holding above the $250 to $270 range sets the stage for continuation, while a clean breakout over $290 could open the door towards $500 and beyond.
Combined with the broader strength in altcoins and Solana’s repeated ability to recover from dips, the conditions remain supportive for another strong leg up. The year isn’t over yet, and if momentum aligns with the positive catalysts, Solana Price Prediction hitting $500 remains a target worth watching.
Final Thoughts
Solana’s setup continues to show resilience, with consolidation above $200 hinting that buyers remain in control. The symmetrical triangle forming on the charts points towards an upcoming decisive move, with $210 standing out as the key breakout pivot.
If bulls can clear this level with volume support, short-term targets around $240 and $255 could come into play, keeping the broader $500 narrative alive for later in the year.