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Solana Price Prediction: Clearing $210 Resistance Could Trigger Another 10% Upswing
Solana (SOL) is once again attracting attention after a sharp intraday surge. The token climbed more than 11% in 24 hours to trade around $204, with daily volume topping $13.6 billion — a sign that traders and institutions are refocusing on this high-throughput blockchain. Solana’s low fees and fast confirmation times continue to make it a core infrastructure layer for DeFi applications, NFTs, and high-performance dApps.
Fundamental Drivers: Jito, VanEck and the ETF Angle
Part of the renewed momentum stems from a significant product announcement on August 22: Jito, in collaboration with asset manager VanEck, filed an application for a VanEck JitoSOL ETF. This proposed exchange-traded product would give institutional investors direct exposure to Solana while also capturing staking rewards — a bridge between DeFi staking economics and traditional capital markets.
The timing is notable. The U.S. Securities and Exchange Commission (SEC) has recently clarified guidance around staking-related products, creating a more favorable regulatory backdrop for custody and staking ETFs. If approved, a JitoSOL ETF could open the door for large-scale inflows, increasing demand for SOL and further integrating Solana into the institutional crypto landscape.
Technical Outlook: A Critical Inflection Point
From a technical perspective, Solana sits at a decisive level. On the 4-hour chart a triple-top is forming close to the $206–$210 zone — a pattern that often signals consolidation or resistance. However, the uptrend remains intact as long as a sequence of higher lows holds above $187 and $176.
Sentiment and momentum indicators support a bullish scenario. The Relative Strength Index (RSI) is near 67, suggesting strong buying interest without clear overbought divergence. The MACD has produced a bullish crossover and expanding histogram bars, indicating that upward momentum could continue if resistance levels are cleared.
Key Support and Resistance
- Support: $195, $187, $176
- Resistance: $210, $218, $228
A decisive daily close above $210 would invalidate the triple-top pattern and likely shift market bias toward continuation, with short-term targets at $218 and $228 — levels also reflected in TradingView path projections. If momentum accelerates beyond those targets, $250 becomes a plausible medium-term objective.
Trading Strategy and Risk Management
For active traders, patience matters. Entering before a confirmed breakout risks being caught in a pullback. A conservative trade plan is to wait for a close above $210, then add positions with a protective stop below $187, which preserves the higher-low structure and limits downside risk. Targets at $228 and $250 provide clear exit zones for scaling out depending on risk tolerance and momentum.
For longer-term investors, Solana’s case hinges on sustained network growth, developer activity, and potential institutional access via staking-focused ETFs. SOL’s low fees and high throughput position it as a credible challenger to Ethereum for many DeFi and dApp use cases; an ETF would only strengthen the institutional narrative.
Presale Spotlight: Bitcoin Hyper ($HYPER) — Bitcoin Security, Solana Speed
In other ecosystem news, Bitcoin Hyper (HYPER) is highlighting the cross-chain innovation trend by proposing a Bitcoin-native Layer 2 that runs on the Solana Virtual Machine (SVM). The project aims to bring Bitcoin’s security model together with Solana’s transaction speed to enable low-cost smart contracts, scalable dApps, and seamless BTC bridging.
Bitcoin Hyper’s roadmap centers on combining Bitcoin’s liquidity and trust with Solana’s developer-friendly environment. The team reports an audit by Consult to bolster credibility and claims rapid presale uptake — more than $11.3 million raised so far. At present presale pricing sits at $0.012775 per HYPER token, but token price is expected to increase through later stages of the offering as allocation becomes limited.
Whether you’re focused on short-term trading around breakout levels or long-term exposure to Solana’s ecosystem expansion, this moment is critical: a failed rejection at $210 could mean consolidation, while a confirmed breakout may be the start of another meaningful rally for SOL.
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