Solana Consolidates Above $200 as Bullish Momentum Builds

Solana’s price has stabilized above $200, signaling a period of consolidation. Technical indicators, including the RSI and MACD, suggest a moderate bullish trend without showing signs of overbought conditions. The chart structure points toward potential resistance at $260, with a projected rally towards $1,000, indicating a 879.23% increase from current levels. While volume has decreased slightly in the past 24 hours, the overall upward trend remains apparent. Analysis indicates that Solana’s price movement is currently showing signs of stability before an acceleration phase.