According to @KookCapitalLLC, SOL could revisit $240 with an on-chain resurgence implied by the author’s call, source: @KookCapitalLLC on X (Sep 12, 2025). The $240 level sits just below Solana’s prior cycle all-time high of about $259.96 from November 2021, giving traders a clear resistance reference, source: CoinGecko historical SOL price data. For confirmation, traders can monitor Solana DEX volumes, active addresses, and total value locked, which rose alongside SOL during Q4 2023 rallies, source: Artemis Solana dashboard and DeFiLlama Solana TVL data. Venue-level activity on Jupiter can act as a high-frequency proxy for on-chain trading flow that has historically coincided with heightened SOL volatility, source: Jupiter aggregator public volume statistics. Historical supply reacted in the $200–260 zone, making $200, $240, and $260 key areas to watch for breakouts and pullbacks, source: TradingView SOLUSD historical chart. To gauge positioning risk into resistance, traders can track perpetual funding and open interest to avoid crowded longs, source: Coinglass derivatives dashboard.

According to Trader_XO, SOL is currently in a phase of local consolidation, which may serve as a base for a potential setup to trade back into the $240 range. Trader_XO emphasizes the importance of a shift in the local market structure, alongside identifying buyers who are stepping in and driving the price higher. This analysis underlines the necessity for traders to observe these factors closely as they may indicate a favorable opportunity for trading SOL. [Source: Trader_XO on Twitter, February 14, 2025]