Solana Holds $210 Support as Analysts Eye $220 Breakout for Next Bullish Move

Solana holds strong support above $210 with repeated higher lows, eyeing breakout above $220.

On-chain TVL reaches $12.45B while CME futures open interest hits record $1.49B.

Active addresses hit 2.48M with NFT volume at $750K, signaling growing network engagement.

Solana (SOL) continues to show a strong bullish structure, maintaining firm support above $210 while consolidating near $216. The market has recorded repeated higher lows and sharp rebounds, signaling steady buyer control. A breakout above $220 could provide the momentum for the next bullish leg. At the time of writing, Solana was trading at $225.57.

Technical Structure and Price Action

According to an observation by Bit Guru, Solana traded near $216.10 after reaching a session high of $217.54 and a low of $215.09. Recent advances included a 20.24% rally and a 13.93% move before retracements occurred. Support has formed near $200, while short-term resistance developed slightly above $217.

The repeated pattern of higher lows has kept the market within a constructive framework. Buyers have consistently absorbed selling pressure during consolidations, which has reinforced the strength of the bullish setup. A move above $220 remains the key technical barrier, and clearing this resistance could trigger further progress toward $230.

Source: CryptoGems(X)

According to analysis prepared by Crypto Gems, Solana’s historical chart shows a recurring ascending triangle pattern. These structures first appeared in 2023 and repeated near the $200 area in mid-2024, with current price action reflecting similar conditions

On-Chain Growth and Futures Activity

On-chain data also shows growth across Solana’s ecosystem. According to data from DeFiLlama, Solana’s total value locked reached $12.456 billion, marking a 2.23% increase in 24 hours. Stablecoin capitalization stood at $12.236 billion, supporting liquidity for trading and decentralized applications. Daily fees were $1.85 million, with daily chain revenue reported at $163,647.

Source: SolanaFloor(X)

Solana’s derivatives market recorded new milestones. According to SolanaFloor, CME futures open interest surged to a record $1.49 billion, rising sharply from $1 billion in August. This increase indicates institutional demand following the launch of the first U.S. Solana staking ETF. Futures activity continues to build leverage and participation, supporting the broader uptrend.

At the same time, active addresses reached 2.48 million in the past 24 hours, reflecting strong engagement with decentralized applications. NFT trading volume stood at $750,354, and bridged TVL was reported at $60.908 billion. These metrics demonstrate growing adoption alongside technical strength, reinforcing the market’s current bullish structure.

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