{"id":92987,"date":"2025-09-02T07:25:50","date_gmt":"2025-09-02T07:25:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92987"},"modified":"2025-09-02T07:25:50","modified_gmt":"2025-09-02T07:25:50","slug":"solana-rally-ahead-this-is-the-key-breakout-line-to-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92987","title":{"rendered":"Solana Rally Ahead? This Is The Key Breakout Line to Watch"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Solana holds $200 as bulls target $216 breakout, with $238 and the ATH levels in sight.
\n$185\u2013$190 order block aligns with trendline, offering support for a potential upward move.
\nInstitutions accumulate SOL, with Galaxy Digital and DFDV buying over $180M in recent days.<\/p>\n

Price Testing Key Support, Eyes on $216<\/h2>\n

Solana (SOL) was trading at $203 at press time, up 2% in the past 24 hours and 8% over the past week. After flipping $200 from resistance into support, the price is holding above this level, which is now being retested.<\/p>\n

Lennaert Snyder, a crypto analyst, notes that reclaiming $216 could set the stage for a move toward $238. He adds that the all-time high around $262 could follow if momentum builds.<\/p>\n

\u201cAs long as it trades above $180, the daily uptrend is intact,\u201d he said.<\/p>\n

The range between $186 and $200 is viewed as a potential<\/a> zone where buyers may step in after confirmation.<\/p>\n

$SOL<\/a> fighting for $200 support.<\/p>\n

It flipped $200 resistance into support and still holding.<\/p>\n

Reclaiming $216 triggers a rally to $238, after $238 the ATH is next.<\/p>\n

As long as it trades above $180, the daily uptrend is intact.<\/p>\n

Pullbacks are for longs after confirmation. pic.twitter.com\/PX64G2IQwj<\/a><\/p>\n

\u2014 Lennaert Snyder (@LennaertSnyder) September 1, 2025<\/a><\/p>\n\n

Bullish Structure Around $185\u2013$190<\/h2>\n

A separate chart from CryptosBatman shows<\/a> that SOL may approach a key zone between $185 and $190. This area has previously acted as a base for upward moves and also lines up with an ascending trendline that has held since July.<\/p>\n

Price is pulling back from the recent high near $215, and the next move may depend on how it behaves in this support zone. If buyers step in again, the chart suggests that SOL could form a higher low and push back toward previous highs. The confluence between the trendline and the order block makes this a critical zone to watch.<\/p>\n

<\/a>Source: X<\/p>\n

In addition, heatmap data from Coinglass, shared<\/a> by Ted Pillows, shows a high concentration of liquidity between $160 and $180. This zone contains stop orders and open leverage positions, making it a likely area for the price to sweep during market stress.<\/p>\n

He said,<\/p>\n

\u201c$SOL has a decent liquidity cluster around $160\u2013$180 level.\u201d He added, \u201cIt could sweep the downside liquidity in September before a new ATH in Q4.\u201d<\/p>\n

If Bitcoin or Ethereum lose strength, altcoins like SOL may see sharper corrections before recovery.<\/p>\n

Large-Scale Buying by Institutions<\/h2>\n

Institutional activity in SOL has picked up. Galaxy Digital moved<\/a> 500,000 SOL (worth around $103 million) to Coinbase over the past five days.<\/p>\n

Separately, DeFi Development Corp. (Nasdaq: DFDV) also confirmed<\/a> the purchase of 407,247 SOL, valued at $77 million. This brings its total holdings to over 1.83 million SOL, now worth approximately $371 million.<\/p>\n

The company stated it still holds $40 million in cash for future SOL purchases. These movements come at a time when the price is consolidating and technical levels are being closely watched.<\/p>\n

The post Solana Rally Ahead? This Is The Key Breakout Line to Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Solana holds $200 as bulls target $216 breakout, with $238 and the ATH levels in sight. $185\u2013$190 order block aligns with trendline, offering support for a potential upward move. Institutions accumulate SOL, with Galaxy Digital and DFDV buying over $180M in recent days. Price Testing Key Support, Eyes on $216 Solana (SOL) was trading […]<\/p>\n","protected":false},"author":0,"featured_media":92988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92987"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92987"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92988"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}