Solana price fell below US$230, but analysts said the next major resistance level is still at US$245?

Anatoly 2025-10-16 03:13 39374人围观 SOL

VX has been under serious risk control recently, you can add Penguin number: 38389745759 In September, Solana The price has performed better than most large-cap cryptocurrency assets, posting double-digit gains over the past month. The altcoin has gotten

VX’s risk control has been serious recently, you can add Penguin number: 3838974575

Solana’s price performance outperformed most large crypto assets in September, posting double-digit gains over the past month. The altcoin got off to an even stronger start in October, the beginning of the month Prices have risen by more than 10% so far.

However, it is worth mentioning that Solana's price struggled a bit before the weekend, falling below the $230 mark at one point. However, the latest on-chain data suggests that the SOL token may just be taking a temporary break as it has yet to hit the next major obstacle to its continued rise.

Sustained gains hinge on $245 resistance: Data

Cryptocurrency analyst Ali Martinez said in an article on the X platform on October 4, shared On-chain insight into the next significant resistance level for Solana price. According to the well-known online commentator, the price of SOL may face significant resistance near $245 in the coming weeks.

This on-chain conclusion is based on the SOL UTXO Real Price Distribution (URPD) metric, which measures the amount of purchases of a specific cryptocurrency at a specific price level. These price levels are Solana's support and resistance levels because they represent the cost basis of different investors.

It’s worth mentioning that the strength of on-chain support and resistance levels often depends on the number of investors cost-based at a specific price level. According to Martinez, the next such level was around $245, when more than 5.9 SOL tokens were acquired.

This level is considered the next major resistance for Solana price as it is above the current spot price. The $245 area is seen as an important supply barrier, as some investors who have been in the red for a long period of time may struggle to break even or profit The asset is then immediately sold off, putting significant downward pressure on prices.

Ultimately, if Solana price fails to break through the major supply barrier around $245, its hopes of returning to its current all-time high of $293 may be slim. As the highlighted chart shows, SOL is The process of setting a new all-time high may not encounter any major obstacles.

Can Solana price surge 100%?

Interestingly, another article by Martinez in medium prediction , Solana’s price could surge to $520. However, the altcoin needs a weekly close above long-term resistance around $260 to kick off this rally.

If the price reaches $520, it would represent an increase of more than 110% from the current price. As of this writing, the Solana token is worth around $228, down nearly 2% in the past 24 hours.