Solana price analysis (Neutral) — 242.09 USDT (+1.77% 24h)

SOL is currently trading at $242.09, showing modest gains of 1.77% over the past 24 hours. The price is hovering just above the 20-day SMA at $241.97, indicating potential support at this level. With an RSI of 54, SOL remains in neutral territory, neither overbought nor oversold. The 24-hour volume of over $1 billion demonstrates healthy market participation. The 50-day SMA at $236.50 provides additional support below current levels. Given the current technical setup, I recommend watching for a decisive break above $245 for bullish continuation targets toward $250-255. Alternatively, a break below the 20-day SMA could test the $236 support zone. Consider scaling into positions with tight risk management given the 2.65% volatility reading.