Solana News Today: Solana Price Holds $200 as Transaction Speed Hits Record

Solana’s native token, SOL, has remained stable around $200, with a 9% increase in the last 24 hours and a 7% gain over the past week [1]. This resilience coincides with a record network throughput of over 2,300 transactions per second, signaling strong operational performance and real-world adoption [1]. Analysts have drawn attention to the $200 level as both a potential support and resistance point, noting that a sustained move above this level could see the price test the $220 threshold and, eventually, the former all-time high of $294 [1].

The Solana network's continued growth is reflected in on-chain data showing consistent increases in transaction volume and successful trades. Mert from Helius, a Solana development firm, highlighted that successful transactions have been trending upward, indicating a maturing ecosystem and improved efficiency [1]. This network-level performance is seen as a strong fundamental underpinning for the token’s price action, with traders and analysts emphasizing that high throughput is essential for maintaining confidence during periods of high demand [1].

Technical analysis supports a bullish outlook, with the formation of an inverse head-and-shoulders pattern on the 12-hour chart suggesting a potential reversal if the $180 support level is maintained [1]. Current price behavior, including a series of higher lows and a well-defended $200 range, aligns with a constructive setup for further gains, provided the trend continues [1]. Crypto analysts, including Crypto King, have noted that the bounce from key support levels and the formation of a bullish continuation pattern reinforce the likelihood of continued upward movement in the near term [1].

The recent record TPS of 2,300 is viewed as a critical milestone, demonstrating the network's ability to scale and process large volumes of transactions without performance issues [1]. This achievement, according to analysts, adds to the 2025 price outlook by reinforcing the belief that Solana can handle increased usage, particularly as more developers and users seek high-speed, low-cost blockchain solutions [1]. The broader technical structure, extending from the $200 support to the $294 ceiling, remains intact, and market watchers are closely monitoring whether SOL can maintain its position above $200 and transition into a new phase of growth [1].

Despite the positive technical and network developments, analysts remain cautious about near-term volatility. The market is currently in a consolidation phase, with the price expected to remain in a defined range before a potential breakout [3]. Liquidity conditions and broader market sentiment will play a significant role in determining the next major move [1]. For now, the combination of defended support levels, improving throughput, and strong on-chain activity leaves Solana in a favorable position for further appreciation, should momentum continue into the final quarter of 2025 [1].

Source: [1] title: Solana Price Holds $200 As Transaction Speed Hits Record (https://coinmarketcap.com/community/articles/68aa4c977a8a7b463aa27395/)