Solana (SOL) Eyes $210 Breakout: Can Bulls Push to $250 Next?

• Solana consistently leads blockchains with over 100 million daily transactions.
• SOL Strategies invests $100K in Jito to back Solana’s growth.

Solana (SOL) is showing renewed strength on multiple fronts as it consolidates within a key technical range. According to analyst Crypto Tony, Solana has been trading within a well-defined range between $120 and $210 since late 2023. The weekly chart shows repeated support at the $120 level, now acting as a firm base for potential upside. 

As of this week, SOL is trading around $144, marking a 3.75% gain over the past seven days. The token recently bounced after testing the $120 support, signaling renewed buying interest.

Crypto Tony pointed to a rising wedge pattern forming over several weeks. He noted repeated tests of horizontal resistance, particularly near the $210 level, and suggested a breakout could follow soon. 

“I’m just waiting now for that explosion in price.” 

He stated, reflecting growing anticipation of a bullish move. If SOL breaks above the $210 resistance zone with volume, traders may expect a strong rally.

Solana Maintains Lead in Blockchain Transactions

Data from Artemis shows that Solana consistently leads all major chains in daily transaction count. From April to late June, Solana processed over 100 million transactions per day, three times the combined total of Ethereum, BNB Chain, Polygon PoS, and Avalanche C-Chain. In contrast, other networks hover between 10 and 20 million daily transactions.

Solana’s ability to process this volume is attributed to its high-speed, low-cost architecture. The chain supports a range of decentralized applications, spanning DeFi, NFTs, and gaming. Network performance remained steady throughout Q2 2025, reinforcing its position as the most active layer-1 blockchain by usage.

SOL Strategies Invests in Solana Ecosystem via Jito

SOL Strategies Inc., a Canadian public firm focused on the Solana ecosystem, launched a Strategic Ecosystem Reserve (SER) to back foundational projects. The firm’s first move was a $100,000 investment in 52,181.564 Jito ($JTO) tokens. Jito is a core player in Solana’s MEV infrastructure, with over $2.5 billion in Total Value Locked (TVL).

In a blog post, Chief Strategy Officer Michael Hubbard explained that the initiative aims to support critical infrastructure. 

“This isn’t just about accumulating tokens; it’s about strategically backing the projects that are crucial to Solana’s growth,” he said. 

The SER is funded by validator revenue, allowing continued ecosystem investments while maintaining the company’s SOL holdings.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.