The cryptocurrency market is buzzing, with Solana blockchain catching the eye. French investors are closely monitoring the SOL token, showing significant growth recently. Will the upward trend continue, aiming to break the $230 milestone ? Analysis of technical signals, underlying trends, and future prospects for Solana token.
The SOL token shows a growth of +3.59% over the last 24 hours and reached a peak of 234 dollars. This performance places Solana among the best-performing altcoins at the beginning of October 2025, traditionally a favorable month for cryptocurrencies.
At the time of writing, SOL’s price is trading around $230.39. A significant technical resistance is emerging between $236 and $242. Indeed, the orange Order Blocks on the 12H chart indicate strong selling pressure in this zone. This has now created a crucial resistance level that will be difficult to break without substantial trading volumes.
From a technical perspective, the configuration remains decidedly positive after yesterday’s optimistic close. The 50-day moving average serves as solid support, while the RSI above 60 confirms positive momentum. Additionally, increasing volumes reflect renewed buyer interest.
SOL could therefore enter this zone between $235 and $242 in the coming days. However, if it fails to break through decisively, a return to between $222 and $214 in the short term is possible.
On a weekly view, SOL’s price has been in an accumulation phase since March 2024, oscillating between $260 and $100. A clear breakout and weekly close above $265 would likely signal an explosive move for SOL toward new highs.
Several technical and fundamental factors could allow SOL to sustainably break through $230 in the coming days :
It’s worth noting that a SOL ETF is about to launch, and SOL could well be setting the stage for a massive explosion in the coming months.
How to easily buy Solana (SOL) before it explodes ?
Our forecasts see SOL reaching $400 by the end of the year, almost 2x its current price. Here’s how to take advantage :
In conclusion, SOL’s current momentum remains constructive. Although the $240 level represents short-term resistance, technical indicators favor a possible extension of the uptrend if momentum is preserved. However, any weakness with a close below $223 would invalidate this immediate bullish scenario.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
