One of the best performers in the current market cycle, Solana (SOL) is showing how close we are to a new all-time high (ATH) with its recent recovery. SOL is currently trading at about $222, which is still below its November 2021 high and even lower than the most recent ATH we saw in 2025 of, but the gap is closing quickly. In comparison to other altcoins, Solana’s decline from its ATH has been less dramatic over the long run.
Solana has proven resilient in the face of more severe corrections than Ethereum and other significant assets, particularly in light of the network’s steady developer activity. The daily chart shows that Solana is trading consistently above important moving averages. There is solid support from the 200-day EMA at $173 and the 100-day EMA at $190.
More significantly, an aggressive breakout structure is being displayed by the price, with rising trading volume supporting bullish candles. This implies that momentum is supported by capital inflows rather than being purely speculative. Since Solana is not yet overbought, there is still potential for further upside, as indicated by the RSI’s low 60s reading. However, the profit-taking has historically been triggered by prior rallies toward the $230-$240 range.
Solana might test the ATH at $260 rather quickly if it can break above $230 with conviction. The larger market backdrop is what makes this rally so noteworthy. Ethereum is experiencing capital outflows from ETFs, while Bitcoin is having trouble staying above $112,000 in value. Nevertheless, Solana keeps hitting higher highs, indicating that investors view it as a high-beta strategy for disproportionate gains.
The important levels to keep an eye on in the near future are $260, which represents a significant psychological and historical barrier, and $225, which serves as immediate resistance. Solana would enter true price discovery with the potential for a sharp increase if it were to break cleanly above the ATH.
