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Solana Tests $200 Ceiling as Network Activity and Inflows Climb

Analysts say a weekly close above $200 would confirm a breakout.

Solana flips $180 to support, targets $188 and $206 but weak demand could hold it back

Overview

  • Solana trades near $184 after a pullback, with higher lows intact and a defended support band around $162–$175.
  • $200–$210 is flagged as the key resistance zone, with targets mapped to $250–$300 and potentially $360 if the breakout is confirmed.
  • On-chain performance has strengthened, with true TPS surpassing 2,300 and Solana leading DEX volume at $4.55 billion over 24 hours.
  • Over $1 billion was bridged into the ecosystem in the past 30 days, representing roughly 42% of recent cross-chain flows.
  • Short-term risk persists after a whale unstaked nearly 100,000 SOL and moved the tokens to Binance, even as an institutional treasury disclosed holdings of 400,909 SOL.