Solana (SOL) broke through 200 USD! Futures volume surged close to annual records, breaking through 205 USD may initiate a new round of rise.

Solana (SOL) has once again surpassed the $200 mark today (August 27), with a daily futures trading volume reaching $50 billion, approaching the historical record from 2025. Although this round of rise lacks specific catalysts, the technical indicators show strong buying in the $170-$190 range. Analysts point out that SOL may be chasing mainstream tokens like ETH, which have already hit new highs. If it can break through the key resistance at $205, the next target is looking towards $265 and even $300.

[Volume surges close to annual high, strong buying support]

According to CoinGlass data, Solana futures reached a trading volume of $50 billion on Monday, marking the third time this year it has reached this level. The previous two instances occurred on January 19 (when Trump released the official meme coin, boosting network activity) and in May. This pump has not seen any obvious catalysts, primarily driven by technical buying, especially with strong demand in the $170-190 range. Despite the overall market liquidation size being relatively low ($133 million in the past 24 hours), SOL's rise during the same period was 9%.

[Active ecology and macro environment jointly boost the rise]

In the past week, the trading volume of the Solana ecosystem DEX increased by 5%. New meme coins such as Pudgy Penguins (PENGU) and Fartcoin (FARTCOIN) successfully attracted hundreds of millions of dollars in capital inflow, indicating that the ecosystem remains active. On a macro level, Federal Reserve Chairman Powell confirmed that the first interest rate cut of the year is about to begin, with a high probability of a 25 basis point cut at the September meeting, and a 46% chance of another cut in October, providing liquidity support for the cryptocurrency market.

[Technical Analysis: Breaking through the 205 dollar resistance may initiate a new round of pump]

(Source: TradingView)

The daily chart shows that after forming a double bottom structure around $175, SOL quickly rebounded to $205. Although it has faced several obstacles and retracements, recent lows are gradually rising, indicating strong buying interest from investors at lower levels. The current price is testing the key resistance level of $205 for the third time, and if it can break through effectively, it is expected to open up upward space, with a short-term target of $265. If the momentum continues, it may even challenge $300.

[Conclusion: Dual benefits from ecology and macro, SOL breakthrough market can be expected]

Solana is showing positive signals in terms of volume, ecological activity, and technical structure, coupled with the macro benefits brought by the Federal Reserve's interest rate cut expectations, making the conditions for breaking through the 205-dollar resistance increasingly mature. Investors should pay attention to the changes in volume during the US trading session and the validity of the 205-dollar breakthrough. If it successfully stabilizes, SOL is expected to usher in a new round of pump.