Solana price analysis (Bullish) — 224.83 USDT (+0.46% 24h)

SOL is currently trading at $224.83, showing modest strength with a 0.46% gain over the past 24 hours. The price is hovering just above the 20-day SMA at $223.71 and remains above the 50-day SMA at $220.61, indicating underlying bullish momentum. The RSI reading of 51.36 is neutral, suggesting neither overbought nor oversold conditions. Volume remains robust at over $951 million, supporting current price levels. Given the tight consolidation near key moving averages, I expect a potential breakout. Traders should watch for a decisive move above $226 for long entries, with stops below $220. The low volatility environment suggests limited downside risk, making this an attractive accumulation zone for swing traders targeting $235-240.