Solana price analysis (Bullish) — 193.34 USDT (+3.21% 24h)

SOL has demonstrated impressive resilience, currently trading at $193.34 with a solid 3.2% gain over the past 24 hours. The price action shows SOL holding firmly above both the 20-day SMA ($191.47) and 50-day SMA ($186.92), indicating underlying strength in the medium-term trend. With RSI at 53.44, the token sits in neutral territory with room for upward momentum before reaching overbought conditions. The substantial $689 million in 24-hour trading volume confirms healthy market participation, while the 3.8% volatility suggests relatively stable price action compared to typical crypto standards. Traders should watch for a sustained break above the $195 resistance level, which could trigger a move toward the $200 psychological barrier. Support remains strong around the $188-190 zone, where the converging SMAs provide a solid foundation. Consider accumulating on dips toward support levels with stops below $185 for risk management.