Solana Climbs 7.3% to $201.62 As 36-Day Range Nears Breakout At $205.32 Resistance

Solana trades at $201.62 after a 7.3% daily gain, moving closer to its $205.32 resistance.

The token has ranged for 36 days within $187.06 support and $205.32 resistance.

RSI sits at 59.68, indicating stable momentum during consolidation within the ascending triangle.

Solana (SOL) is in a crucial stage as the coin has traded within a specific area over the last 36 days. The current valuation of the asset stands at $201.62, with an increment of 7.36% over the previous 24 hours. Compared to Bitcoin, SOL earned 6.4%, and its price amounts to 0.001818 BTC. Price activity has now positioned the token inside an ascending triangle structure, with support levels at $187.06 and resistance capped at $205.32. Market watchers have closely monitored this tightening range, which is nearing resolution.

Solana Climbs as Ascending Triangle Holds Near Resistance

The last two weeks have witnessed Solana price action create higher lows, confirming the chart formation of the ascending triangle. The pattern has persisted for 36 days, highlighting ongoing buying at the range formed. Each test of breaking through the resistance has met pressure at approximately $205.32, whereas selloffs found support at $187.06 every time.

The 24-hour performance is a validation of the bigger momentum, with SOL jumping 7.3% in one session. Importantly, the move positioned the price near its upper boundary, where selling interest still persists.

Current Range and Market Levels

At present, Solana trades firmly between $187.06 support and $205.32 resistance. This range has acted as the reference point for short-term traders managing directional exposure. Support stability has been tested repeatedly without significant breakdown, which in turn has maintained market confidence.

On the upper side, $205.32 remains the barrier to watch, with repeated rejections confirming the level’s importance. However, the latest upward move to $201.62 shows that price is again approaching that zone. Market positioning has therefore shifted focus toward monitoring activity near this resistance point.

Solana Maintains Stable Momentum as RSI Holds Neutral Within Narrowing Triangle

The relative strength index (RSI) ended at 59.68 representing neutral-to-positive momentum with no immediate overextended risk. This index has varied as high as nine times to a low of twice. This has been responding to the toggling between purchases and sales. Each bounce within the triangle has kept RSI within similar levels, emphasizing stability.

Furthermore, chart data indicates consistent participation, as periods of consolidation have been followed by renewed attempts to test higher boundaries. This sustained engagement points to continuous interest around Solana’s current valuation. As a result, traders continue to evaluate levels at both boundaries while keeping attention on the narrowing triangle.