Solana (SOL) has seen a renewed surge from the $215 zone, with price movement aiming for resistance levels at $240 and $250. Recently, SOL settled above $222 against the US Dollar, now trading above $230 and the 100-hour simple moving average.

The price breakthrough came as SOL cleared a key bearish trend line with resistance at $232 on the hourly SOL/USD chart. With support from Bitcoin and Ethereum, SOL advanced past the $225 and $230 resistance levels, reaching above the 50% Fib retracement from $246 swing high to $215 low.

Currently trading above $235, SOL faces resistance around $240 and the 76.4% Fib retracement level of the $246 to $215 decline. A solid close above $250 could encourage further increments, with potential resistance extending to $265 and possibly $280.

However, failing to breach $240 resistance may witness SOL reverting downwards. Initial support lies around $230, near the 100-hour simple moving average, with significant support at $220. A breach below this could push SOL towards a $215 low, risking a further decline to $200.

The MACD indicates bullish momentum, while the RSI for SOL/USD stays above 50, reinforcing positive sentiment.