💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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Recently, the price performance of Solana (SOL) has been remarkable, showing strong rising momentum. Currently, SOL has successfully broken through the $190 mark and is holding above firmly, launching a surge towards the $200 threshold.
Market analysis shows that the SOL/USD exchange rate has recently consistently broken through two important psychological barriers of $185 and $192, reflecting that bullish investors are gradually taking control of the market rhythm. On the technical side, the current price of SOL is firmly holding above $190 and is also above the 100-hour simple moving average (SMA), further confirming the formation of a bullish trend in the short term.
It is worth noting that although the hourly chart shows that SOL briefly dipped below the rising trend line support at 202 USD, bullish investors remain active near the support level, indicating that market confidence in SOL remains strong.
Looking ahead, the market focus will be on the key resistance level of $198. If SOL can successfully break through this resistance, its rise momentum is likely to continue, with the next target price aimed directly at $200 or even higher levels. However, investors also need to closely monitor the important support level of $190. As long as SOL can hold above this level, the possibility of further ascent remains.
Overall, Solana's recent price performance is encouraging, but investors should remain cautious and closely monitor market trends and changes in key price levels. In the rapidly changing environment of the cryptocurrency market, it is crucial to adjust investment strategies in a timely manner.