Solana Accumulation Signals Bullish Momentum Above $200

Solana (SOL) is showing strong signs of bullish momentum as investors step in with heavy accumulation. Market data reveals that since the start of the month, exchange balances have dropped by 3.79 million SOL, a clear indication that holders are moving coins off centralized platforms for long-term storage. This trend often reflects growing confidence and reduced selling pressure.

In just one week, more than $770 million worth of SOL was purchased, reinforcing expectations that investor demand will continue to strengthen support above the critical $200 level. If accumulation remains steady, Solana could soon attempt a breakout past key resistance zones.

From a technical standpoint, Solana’s Relative Strength Index (RSI) is holding well above the neutral 50 mark, signaling persistent bullish momentum. Importantly, the RSI has not yet entered the overbought range, suggesting there is still room for further upside. This resilience against broader market pressures supports the outlook for continued gains, provided selling does not intensify.

At the time of writing, Solana trades at $203, just below immediate resistance at $206. A decisive move above this level could drive prices toward $214, with a successful breakout paving the way for a run to $221. On the downside, failure to hold $195 could trigger a pullback toward $189, invalidating the bullish case and extending consolidation.

Overall, strong investor accumulation, positive technical indicators, and steady price support above $200 position Solana as one of the more resilient altcoins in the current market cycle. Traders and investors will be closely watching upcoming resistance levels as SOL seeks its next breakout.