Key Insights:

• The Solana price remains firm above $180, preserving a bullish structure with a possible move toward $270 if accumulation continues.
• Market analysts identify $255 as the final resistance before Solana can test a projected upside near $270.
• Kanye West’s memecoin YZY draws attention to Solana’s scalability and boosts public interest in the chain.

Solana’s price continued to trade above the $180 mark after recovering from a midweek dip to the $150-$155 zone. This recovery aligned with trendline support, holding firm, preventing a broader breakdown. Buyers remained active at critical zones, indicating continued market confidence despite a broader environment marked by uncertainty.

A market analyst has projected an upside potential of $270 for Solana if the current structure remains intact. Before that, resistance is expected at $255, a level likely to act as the final hurdle. Maintaining momentum above $180 is key, as a drop below could signal weakening trend strength and trigger renewed selling pressure.

Market Activity and Price Dynamics

The trading range between $200 and $225 is expected to produce sharp price fluctuations, given past volatility in this zone. However, short-term dips may offer fresh buying opportunities. Buyers have managed to hold the structure intact, indicating that the accumulation phase is still in play and could push Solana higher if volume returns.

The $150 area continues to serve as a reliable demand zone, providing a strong base for the current trend. Corrections seen in recent sessions appear temporary rather than trend-breaking. With the broader structure holding and buyers defending critical levels, sentiment remains favorable for a move toward the projected $270 target.

YZY Token Adds Spotlight to Solana Network

Kanye West’s Solana-based memecoin, YZY, briefly touched a $3 billion market cap before retracing. The surge in volume and attention brought temporary volatility but also highlighted Solana’s speed and low-cost transaction capability. Although concerns arose due to centralized token holdings, the broader effect on Solana’s visibility was positive.

The launch of complementary features like YE Pay and YZY Card indicated that an even bigger ecosystem play was in place than a typical memecoin launch. Although the value of the token decreased, the publicity provided an awareness about the performance of Solana under the high load, which is an indirect boost to its long-term adoption metrics.

Solana is trading above support and in a structure that favors the bulls. As long as these levels are upheld and the trading momentum continues, then the route toward more targets becomes feasible. The memecoin activity also might act as a driver of the sentiment, giving it visibility and trading activity on the chain.