Solana Holds Strong Near $220 as Bulls Aim for Breakout Towards $235 Zone

Solana’s price is holding strong around the $220 mark following a recent pullback, with traders expecting a breakout toward the $230-$235 region if buyers defend this key support level. 4-hour chart analysis on Binance reveals Solana maintaining its structure within a descending channel, forming higher support levels despite recent retractions. This suggests accumulation before a potential surge in price. The current setup indicates that Solana is consolidating after a strong bullish run and preparing for a possible breakout.