Solana price analysis (Neutral) — 229.80 USDT (+0.18% 24h)

SOL is currently trading at $229.80, showing modest strength with an 18.3% gain over the past 24 hours. The price sits just below both the 20-day SMA ($231.41) and 50-day SMA ($230.22), indicating potential resistance at these levels. With an RSI of 48.39, SOL remains in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. The substantial $922 million 24-hour trading volume demonstrates strong market interest and liquidity. Current volatility of 3.25% is moderate for crypto standards. Traders should watch for a decisive break above the $231-232 resistance zone, which could trigger further upside momentum toward $240. Support appears around $225, with a break below potentially testing $220. Given the technical setup, consider scaling into positions on pullbacks toward support levels while maintaining tight risk management in this volatile environment.