{"id":14280,"date":"2025-08-08T14:12:00","date_gmt":"2025-08-08T13:12:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=14280"},"modified":"2025-08-08T14:12:02","modified_gmt":"2025-08-08T13:12:02","slug":"solana-regains-momentum-is-206-in-sight-before-the-week-ends","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-regains-momentum-is-206-in-sight-before-the-week-ends\/","title":{"rendered":"Solana Regains Momentum : Is $206 in Sight Before the Week Ends ?"},"content":{"rendered":"\n

Solana : Is the $206 Threshold Within Reach ?<\/h2>\n\n\n\n

Solana<\/a><\/strong>, the flagship cryptocurrency<\/a>, appears to have regained bullish momentum<\/strong> after its recent bounce from a key technical support level. This technical setup, combined with positive on-chain signals, suggests a new potential upward phase<\/strong> could be forming.<\/p>\n\n\n\n

Technical Analysis : A Bounce from a Confluence Zone<\/h3>\n\n\n\n

Solana recently rebounded from a technical confluence zone<\/strong>, where an ascending trendline and a golden Fibonacci retracement range (0.618 to 0.7) intersected. This configuration suggests that Solana might be preparing for a new bullish impulse.<\/strong><\/p>\n\n\n\n

\"Solana<\/figure>\n\n\n\n

Additionally, with the Stochastic RSI in oversold territory, this indicates that Solana has potentially found a local bottom. This type of technical setup often precedes significant upward movements in trending markets.<\/p>\n\n\n\n

As mentioned in our previous article, the risk of a correction between $155 and $140<\/strong> is still present if SOL fails to maintain momentum and Bitcoin<\/a> cannot break through its POC at $118,000.<\/strong><\/p>\n\n\n\n

On-Chain Indicators : Whales and Retail Investors Accumulating<\/h2>\n\n\n\n

Solana’s on-chain data further strengthens the bullish outlook. According to CryptoQuant, SOL whale addresses<\/strong> have quietly been accumulating<\/strong> positions at current prices, demonstrating their confidence in the cryptocurrency’s potential.<\/p>\n\n\n\n

\"chart
Source: CryptoQuant<\/strong><\/figcaption><\/figure>\n\n\n\n

At the same time, purchase volume from retail investors, particularly for positions below $1 million<\/strong>, has seen a significant increase.<\/strong> This dynamic reflects renewed confidence among smaller holders.<\/p>\n\n\n\n

The simultaneous accumulation by whales and retail investors reinforces Solana’s bullish potential, especially when aligned with positive technical signals.<\/p>\n\n\n\n

Is the $206 Threshold Within Reach ?<\/h2>\n\n\n\n

The next key milestone for Solana will be breaking through the recent local high of $206<\/strong>, a level that has historically represented significant resistance.<\/strong><\/p>\n\n\n\n

If the accumulation trend continues, with whale orders providing crucial support and retail investor inflows adding momentum, Solana is likely to attempt to overcome<\/strong> this strategic level.<\/p>\n\n\n\n

Overall, despite general market conditions and Bitcoin’s dominating influence, Solana’s technical and on-chain signals indicate growing bullish strength.<\/p>\n\n\n\n

Breaking through the $206<\/strong> threshold could be the next step in this positive dynamic to watch. Nevertheless, a final short-term correction risk remains possible. This would represent a major opportunity as SOL could reach $300-400<\/strong> before the end of the year.<\/p>\n\n\n\n

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Buy SOL on Bitget and earn $10 !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n