Technical analysis by Mihai_Iacob about Symbol SOL: Buy recommendation (8/23/2025)

1. What happened lately After the sharp drop that started on July 23 and bottomed at 155 in early August, Solana has shown strong recovery. The rebound pushed price back to the 207 resistance zone, followed by a pullback to 175, confirming it as a solid demand area. Yesterday, in line with the entire crypto market, SOLUSDT rallied strongly, and today, after a quick dip below 200, buyers stepped back in, pushing price once again toward resistance. 2. The key question Is Solana ready to finally break above resistance and continue higher into a new bullish leg? 3. Why I expect continuation to the upside • Positive fundamental backdrop across the crypto sector. • Constructive technical structure with consecutive higher lows since April. • 175 confirmed as a strong support zone, with buyers stepping in twice this month. • 207 resistance under pressure again, showing growing bullish momentum. 4. Trading plan As long as the daily close holds above 190, Solana remains firmly bullish. A clear breakout above 207 could open the path toward 250, and in a more extended scenario, even 300 in the medium term.