Solana price analysis (Bullish) — 233.65 USDT (-0.69% 24h)

SOL is currently trading at $233.65, showing modest consolidation after recent gains. The -0.69% 24-hour decline suggests temporary profit-taking rather than significant bearish pressure. Technical indicators reveal SOL trading above both its 20-day SMA ($230.45) and 50-day SMA ($229.95), indicating underlying bullish momentum remains intact. The RSI reading of 64.26 sits in neutral-to-bullish territory, not yet signaling overbought conditions. Trading volume remains robust at $642 million, supporting current price levels. Volatility at 3.35% suggests relatively stable conditions for SOL. Traders should watch for a sustained break above $235 for potential continuation toward $240 resistance. Support holds around $230, with a break below potentially testing $225. Consider scaling into positions on dips toward support levels while maintaining tight stop-losses given the crypto market’s inherent volatility.