2025-7-22 07:02 |
Solana (SOL) leads crypto gainers on Tuesday as it once again trades above the crucial historic and psychological mark of $200.
SOL has failed to reclaim this region since losing it on February 11 due to amplified selling pressure that saw it hit YTD lows of $106 in early April.
Meanwhile, the altcoin has reclaimed the $200 mark today following significant rallies since the early July bullish pattern.
With organic demand as the primary catalyst, what is next for Solana prices?
Solana regains $200 with momentumSOL’s reclaim of the vital level is notable due to the massive metrics supporting the growth.
First and foremost, the digital asset saw its total value locked (TVL) hit $11.69 billion yesterday, July 21, exploring values not seen since early February.
Source: DeFiLlamaThat signals reinvigorated network activity and confidence in the ecosystem’s future performance.
Factors like ETF speculations and stablecoin adoption have kept SOL on investor radar this year.
Also, Solana has seen increased institutional interest, with the latest accumulations coming from Upexi and DeFi Development.
Meanwhile, a rising TVL is crucial as it signals a strong blockchain.
The $11 billion figure suggests money entering Solana.
Ecosystem platforms like MarginFi, Kamino, and Jito are recording significant user engagement.
Total value locked growth often precedes asset price surges, and that seems to play out for SOL.
SOL’s price action; what’s next?Solana’s native coin hovers at $203 after gaining more than 12% in the past 24 hours.
Its daily trading volume has increased by over 100%, suggesting robust trader activity and demand.
Chart by CoinmarketcapSOL looks poised for extended surges as technical and fundamental indicators align.
While optimism prevails amid institution-driven growth, Solana’s chart paints a bullish picture.
SOL has breached a falling trendline with its latest surge and is now forming an optimistic market structure.
Notably, the token’s current momentum gains strength from an ascending trendline that started to form around the $120 mark.
Analysts support Solana’s upside trajectory.
For example, Ali Martinez highlighted $189 as the vital obstacle for SOL, projecting extended gains after stability beyond this mark.
Ali highlighted Glassnode’s chart, which reveals investor behavior and possible resistance levels for the token.
It shows that most investors accumulated at $18 – $25 and $85 – $110 price ranges, with the $190-$200 region witnessing a massive spike as over 47.9 million Solana coins changed hands.
Ali@ali_charts·FollowOnce Solana $SOL breaks above $189, there’s little standing in the way of a continued rally.
11:29 AM · Jul 21, 2025358ReplyCopy linkRead 36 repliesThat makes the $190 – $200 mark a crucial zone.
While profit-taking could delay further gains in the near term, closing beyond the range could trigger surges toward the next resistance at $254.
Overcoming $254 would open the gates to the minor obstacle at $260, beyond which SOL could accelerate to the $320-$400 range upon broad-based rallies.
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