- Solana pulled back after rejection near $260, with traders monitoring the $213–$203 demand zone as the immediate support on the chart.
- A confirmed bounce from $213–$203 could reopen the path for a move back to $260, sustaining Solana’s prevailing bullish structure.
- If $213–$203 fails, the next support zone is between $185–$156, matching earlier accumulation levels seen in Solana’s market history.
Solana declined after testing resistance near $260, with the price now approaching the $213–$203 demand zone. Market participants are observing this level as the next area of interest.
Pullback After $260 Rejection
The daily chart of SOLUSDT shows rejection near the $260 resistance level, labeled as a weak high. This move followed liquidity activity in the area, resulting in a pullback.
BullishBanter reported that Solana is trading near $221, with the $213–$203 demand zone serving as the first level of support. Holding this area could open the path for a retest of the $260 level.
If the $213–$203 zone does not hold, the next support level is located between $185 and $156. This area corresponds with previous accumulation ranges on the chart.
Key Price Levels in Focus
The $213–$203 demand zone is being monitored as the immediate support for Solana. A reaction from this level will determine whether the price maintains its current structure.
A move above $230–$240 on the daily chart would reduce pressure from the pullback. A confirmed break above $260 would reestablish continuation of the prevailing trend.
If the price moves below $213–$203, traders are tracking $185–$156 as the next support. This level has previously served as a base during earlier phases of the market.
Institutional Buying and Stablecoin Launch
Helius Medical purchased $167 million worth of SOL during the current market phase. The transaction adds to ongoing activity around the token.
In a separate update, Solana’s official account (@solana) announced that the National Bank of Kazakhstan launched the tenge-backed KZTE stablecoin on Solana. The rollout was conducted in collaboration with Mastercard, Intebix, and Eurasian Bank.
These developments were reported as Solana continues to consolidate within technical support ranges, with attention remaining on the $213–$203 zone as the next level to watch.
