Solana Trades at $186 as Price Action Targets the $315 Zone Before a Major Technical Breakout

Solana trades at $186, forming an ascending broadening pattern with resistance near the $315 level.

Analysts project a potential breakout above $315, with targets extending beyond $600 if momentum holds.

DeFi activity exceeds $11B TVL as Solana maintains strong network participation and bullish market structure.

At the time of writing, Solana (SOL) was trading at $186, maintaining an upward structure within a defined broadening formation. The market continues to record strong participation across decentralized applications and DeFi protocols. Analysts observe that SOL appears on track toward the $315+ region before a potential breakout and continuation to higher levels.

SOL Builds Momentum Toward a Major Technical Breakout

According to Javon Marks, prices of SOL appear to be moving toward the $315+ zone before a breakout and a further rally. The daily chart shows an ascending broadening formation that started after a strong recovery from late 2023, carrying prices from below $20 to above $200. The structure shows alternating higher highs and higher lows, reflecting expanding volatility within the trend.

Current analysis places resistance near $315, while support remains established around $120. Market data shows that each retracement phase has found consistent buyer interest near the lower boundary. The projected continuation path indicates potential upward movement beyond $600 once the breakout phase completes. This setup follows a textbook pattern of entry, breakout, and throwback before sustained continuation, as seen in the accompanying chart model.

Source: AliCharts(X)

According to Ali Charts, Solana continues to trade above the 200-day simple moving average, which reinforces the bullish trend. The price has been moving within an ascending channel between $120 and $250 through defined waves of accumulation and retracement. Recent rebounds from the $180 area indicate continued buyer activity, with projected targets around $240 to $300 if momentum holds steady.

DeFi Performance and Network Expansion

Data from DeFiLlama shows Solana’s total value locked (TVL) at $11.216 billion, reflecting steady network engagement despite minor daily fluctuations. Stablecoin market capitalization stands at $14.586 billion, while 24-hour chain fees total $879,919

Source: DeFiLlama

The network also reported $125,006 in chain revenue over the same period. Decentralized exchange (DEX) trading volume reached $4.571 billion, and perpetual futures volume totaled $1.721 billion within 24 hours

Active addresses remain above 2 million, showing strong user participation. Solana’s on-chain performance continues to align with the expanding price trend, supporting the view that SOL could reach the $315+ level before a breakout and potential continuation toward higher valuation zones.

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