Solana Reclaims $200: Surge in New Buyers Signals More Upside After 21% Jump
Solana surges 21%, reclaiming $200. With rising demand, SOL could target $219, but a drop below $195.55 risks a reversal.
Solana has surged 21% over the past seven days, pushing its price back above the $200 mark. This marks a significant recovery for the token, as it signals renewed investor confidence.
As bullish momentum builds across the market, technical indicators on the daily chart suggest that SOL is likely to maintain its position above this key price level.
New Buyers Fuel Solana Rally
Readings from SOL’s Relative Strength Index (RSI) on the daily chart confirm the likelihood of further price rallies. At press time, this stands at 67.97, pointing to additional room for growth.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter .
SOL RSI. Source:
TradingView
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 67.97, SOL’s RSI suggests the token still has room to grow, indicating that bullish momentum remains intact. The steadily rising RSI signals that buyers are increasingly confident, and can push SOL’s price higher before buyer exhaustion sets in.
Meanwhile, new demand for SOL has seen a notable uptick over the past 14 days. According to Glassnode, the number of new addresses participating in SOL transactions for the first time has surged by 51% since August 3.
SOL Number of New Addresses. Source:
Glassnode
An increase in new demand like this suggests that fresh capital is entering this market, reflecting growing investor interest and confidence. This inflow of new participants can help sustain SOL price momentum and support further upward movement.
SOL Eyes $219 as Demand Strengthens Support Above $195
As of this writing, SOL trades at $207.17, comfortably above the support floor at $195.55. Rising demand may strengthen this key support level, which could help propel SOL toward the next resistance at $219.21.
SOL Price Analysis. Source:
TradingView
However, an uptick in profit-taking could invalidate the bullish outlook. Should selling pressure intensify, SOL may retest the $195.55 support level, and a failure to hold it could see the coin retreat to $171.88.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
