Solana eyes $245.90 as weekly close signals potential bullish continuation.

SOL climbs to $214.55 with eyes on $245.90 breakout level, where weekly candle close will determine if bulls can sustain upward momentum or face rejection.

Solana is making waves in the crypto market as it edges closer to a critical technical juncture. Trading at $214.55 with a solid 4.16% gain, SOL is setting up for what could be a defining moment that determines its next major price direction.

Solana (SOL) Price Nears Key Resistance

SOL has been building strength on the weekly timeframe, climbing from previous support zones to its current position at $214.55. The token now sits just below the pivotal $245.90 resistance level.

Market analyst @Karman_1s suggests this price point represents a critical decision zone for the market. Should SOL manage a convincing weekly close above this threshold, it could signal the start of a more sustained bullish phase with higher targets coming into play.

SOL Faces Bearish FVG Risk Before Breakout

However, the path upward isn’t without obstacles. A bearish Fair Value Gap (FVG) lurks in the current price zone, which could spell trouble for bulls attempting to push higher. If this area proves too strong, SOL might retreat to the $185-$190 support cluster, coinciding with the 0.5 Fibonacci retracement.

The strength of buying volume and momentum oscillators will be crucial factors in determining whether Solana can overcome this hurdle or needs to regroup at lower levels.

Long-Term Outlook for Solana (SOL) Price

From a fundamental perspective, Solana continues to showcase robust ecosystem growth with expanding DeFi protocols and increasing developer activity. A successful breach of $245.90 could propel SOL toward the $280-$300 price range, potentially challenging previous cycle highs.

Should the current attempt fail, Solana may enter a period of sideways consolidation as it builds energy for the next upward push.