According to Coindesk, De Solana surpassed the wider cryptography market, climbing 7.68% in 24 hours to negotiate $ 208.24, according to Coindesk data. In comparison, the Coindesk 20 index (CD20) increased by 2.89% and the total market capitalization of cryptography gained only 1.6% during the same period.
Analysts said Solida’s solid performance reflects a combination of technical momentum and structural demand.
Scott Melker, a trader known as “wolf of all the streets”, argued that Solana is now at a critical level against Bitcoin. He said that an escape here could make soil the “darling” of the next Altcoin cycle. Its graph has shown resolution in resistance against the BTC, an appearance which often signals if a token can surpass the larger market.
Another analyst, Lark Davis, was more direct, calling Solana the “catch -up trade” for investors who missed ether (Eth) $ 1,400 escape during the last cycle.
Davis cited three engines: the rise of cash companies based on soil modeled on Bitcoin accumulation companies, the prospect of an ETF SPOT SOL is approved in the near future by the American Sec and an increasing institutional interest. These factors could push billions of dollars into soil, he noted.
However, Altcoin Sherpa, another analyst widely followed on X, warned against the pursuit of the rally. He described the soil force as unusual, but advised merchants to consider making profits between $ 205 and $ 215 or waiting for more clarity before entering. Its point of view reflects the risk that the weekend or short-term rallys often returns once the liquidity is normalizing.
Meanwhile, the DEFI Sentora asset management company has added another perspective, noting that more than $ 820 million on the ground are already held in business treasury bills. The number deserves to be noted because the holdings of Treasury Eth stood at a similar level in April before extending to almost $ 20 billion. The firm said that the Corporty soil detention trajectory suggests that the token could follow a similar path if adoption is accelerating.
Adding to the positive feelings of certain analysts, Solana also notes that institutional adoption develop. Earlier in the day, the Chorus One ignition service provider announced the launch of a new Solana validator in partnership with Delphi Consulting, which is part of Delphi Digital.
Companies have declared that this decision reflects the conviction that institutions should contribute not only to capital but also to infrastructure to the networks to be supported. Chorus One described the validator as an institutional quality infrastructure, positioning it as part of the growing base of serious long -term Solana participants.
Strengths of technical analysis
- According to the Technical Analysis Data model of Coindesk Research, between August 26 at 3:00 p.m. UTC and August 27 at 2:00 p.m. UTC, Sol rose from $ 191.67 to $ 204.62, a gain of 7%, with a negotiation range from $ 190.11 to $ 205.65.
- Heavy volume at $ 193.92 during the early rebound (986,571 tokens exchanged) established this level as a strong support.
- The resistance formed nearly $ 205.65, with repeated refusals around this corridor. A sustained price share greater than $ 202.00 suggests institutional purchases.
- During the last hour of negotiation, Sol plunged $ 202.95 before moving to an intraday summit of $ 205.84 on a strong volume.
- The key support is now close to $ 202.82, while the resistance is around $ 205.84. The bullish momentum points to the psychological barrier of $ 210.00.
