Solana (Sol) shows strength and resistance to the general falls of the cryptocurrency market.
The evidence of this is the last seven days. The assets reached $213 from 184. This is a level that has not been seen since February 2025.. At the time, Solana’s ecosystem experienced an activity boom after the launch of the official Trump (Trump), a meme coin for the US president.
For financial market analyst Parshwa Turakhiya, the fact that Sol surpassed $210 resistance represents “a decisive victory for the bully, establishing a goal at $225 and $230.”
Is it exaggerated to qualify as a victory? Of course it’s not. Especially in his previous analysis, Turkhiya warned of it; If Sol fails to maintain support in the $183-189 rangewe were able to face deeper corrections. The fact that it goes beyond its important territory within the general market further strengthens the idea that it is an important achievement and a potential alt season signal for the current cycle.
“Recent rebounds since $190 have used impulses and capital entries to reinforce the upward debate to ensure that support is still in effect. As before, the $210-215 cap remains at the level that it has to exceed to get a greater profit,” he says.
This rebound comes from a $10.76 million ticket for a solar-based investment product. “This indicates a noticeable change after months of pressure driven by the output. Historically, similar input peaks are consistent with local rebounds, and the prices to maintain prices above $200 along with these flows suggest a fundamental fundamental belief,” Turakhiya says.
However, this is not the only reason to explain performance at a good performance price.
On the other hand, we need to mention it More companies are incorporating assets into the Ministry of Corporate Finance. As reported by Cryptonoticia, it was known that Galaxy Digital, Multicoin Capital and Jump Crypto would raise $100 million to form the solar reserve this week.
American press and venture capital firm Pantera Capital joins $12.55 billion (it transcends its name) to buy the Nasdaq company and attempts to turn it into a treasure trove of the sun.
There are currently at least 13 companies that accumulate more than 1,000 units of the sun. This reflects the fact that cryptocurrency consolidates its narrative as a preparatory asset. This is an important issue as it increases visibility among corporate investors.
But this isn’t all. Yesterday, on August 27th, the release of the Play Solana Gen1 (PSG1) was announced, so a Game Boy-inspired video game console was announced, and its name evokes the legendary PlayStation 1.
It should also be noted that voting has begun for the proposal for SIMD-0326. This is known as Alpenglow, which attempts to replace the current consensus mechanism. The proposed changes are intended to dramatically accelerate block confirmations, starting from 12.8 seconds to just 150 milliseconds to just 150 milliseconds.
Both novelties They combine technology adoption with major network speed improvementssomething that can strengthen it Larry Alsista solar.
For financial market analyst Mike Fay, it’s not news within the network that will lead Solana to resume its historic maximum (ATH) in 2025, but a huge margin that he trusts digital assets to accumulate the sun, a factor that could still be a critical catalyst for prices.
In this regard, he states: “Currently, the amount of sun is in the hands of digital asset trusts (DATs) (DATs) are very small compared to that of Bitcoin and Ether (ETHs). What’s more, the performance per staking of the sun is probably attractive enough to attract the attention of companies, the staking rates are high, and rather, I hope that the currency was on fire is about to achieve half of the Currency.”
In other words, the utility narrative (such as the amount of stubcoin transfers) is still not compelling, but the chances that data will accumulate sun may be sufficient to boost prices towards a level close to the $293 ATH.
