Solana Eyes New Highs as Bulls Take the Wheel
- SOL is up 11% on the week, trading near $180 with strong volume and bullish market momentum.
- Key resistance levels at $185 and $270 could trigger major upside if broken convincingly.
- A failure to hold $175 might lead to short-term consolidation before the next big move.
Solana (SOL) is starting to steal the spotlight again. After spending some time in the background, it’s now picking up steam alongside the rest of the crypto market. Over the past 24 hours, SOL is up by about 1.84%, and zooming out a bit—it’s stacked a solid 11.47% gain over the week. Not too shabby.
A lot of this momentum seems to be riding the wave of Bitcoin’s fresh climb, as BTC inches its way back toward that $123K all-time high. And as usual, when Bitcoin moves, everything else gets dragged along for the ride—Solana included.
Right now, SOL’s trading hands at $180.23, with a fat 24-hour volume of $5 billion, up over 14%. Its market cap also ticked higher to $96.98 billion. It’s clear there’s energy building, but where it goes from here is the big question.
Bulls Break Through Key Resistance — $270 in Sight?
Some well-known traders have pointed out that SOL just bulldozed through a tough sell wall—an area where sellers used to slam the brakes on upward movement. The breakout could be a sign that market psychology is flipping bullish, with $270 now acting as the next battleground.
If SOL can make a clean move above that level, it might trigger a domino effect—supply dries up, demand surges, and prices push higher. It’s a classic squeeze scenario, and people are watching closely.
Volume’s climbing, too. That’s a good sign. Combined with broader bullish vibes across the market, Solana could be setting up for another leg up. Especially since other heavyweights like Bitcoin and Ethereum seem pretty stable at the moment.
Can SOL Punch Through $220 or Will It Chill Out?
That said—there’s still a bit of a roadblock. SOL’s facing major resistance around the $175 to $185 zone, which has historically acted like a speed bump for upward price action. It’s also where some traders have previously taken profits, so there’s some hesitation baked in.
But if it clears this patch and holds that zone as support? Boom—analysts say we could be looking at a bounce toward $200 to $225. The key is for bulls to show conviction. If the price can’t hold up here, we might see a short breather or a little pullback before the next push.
So yeah, the pressure’s on. If it breaks through $185 with force, things could heat up fast. But if support at $175 slips, SOL might take a nap before rallying again.
The post Solana Eyes New Highs as Bulls Take the Wheel first appeared on BlockNews.
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Solana Eyes New Highs as Bulls Take the Wheel
- SOL is up 11% on the week, trading near $180 with strong volume and bullish market momentum.
- Key resistance levels at $185 and $270 could trigger major upside if broken convincingly.
- A failure to hold $175 might lead to short-term consolidation before the next big move.
Solana (SOL) is starting to steal the spotlight again. After spending some time in the background, it’s now picking up steam alongside the rest of the crypto market. Over the past 24 hours, SOL is up by about 1.84%, and zooming out a bit—it’s stacked a solid 11.47% gain over the week. Not too shabby.
A lot of this momentum seems to be riding the wave of Bitcoin’s fresh climb, as BTC inches its way back toward that $123K all-time high. And as usual, when Bitcoin moves, everything else gets dragged along for the ride—Solana included.
Right now, SOL’s trading hands at $180.23, with a fat 24-hour volume of $5 billion, up over 14%. Its market cap also ticked higher to $96.98 billion. It’s clear there’s energy building, but where it goes from here is the big question.
Bulls Break Through Key Resistance — $270 in Sight?
Some well-known traders have pointed out that SOL just bulldozed through a tough sell wall—an area where sellers used to slam the brakes on upward movement. The breakout could be a sign that market psychology is flipping bullish, with $270 now acting as the next battleground.
If SOL can make a clean move above that level, it might trigger a domino effect—supply dries up, demand surges, and prices push higher. It’s a classic squeeze scenario, and people are watching closely.
Volume’s climbing, too. That’s a good sign. Combined with broader bullish vibes across the market, Solana could be setting up for another leg up. Especially since other heavyweights like Bitcoin and Ethereum seem pretty stable at the moment.
Can SOL Punch Through $220 or Will It Chill Out?
That said—there’s still a bit of a roadblock. SOL’s facing major resistance around the $175 to $185 zone, which has historically acted like a speed bump for upward price action. It’s also where some traders have previously taken profits, so there’s some hesitation baked in.
But if it clears this patch and holds that zone as support? Boom—analysts say we could be looking at a bounce toward $200 to $225. The key is for bulls to show conviction. If the price can’t hold up here, we might see a short breather or a little pullback before the next push.
So yeah, the pressure’s on. If it breaks through $185 with force, things could heat up fast. But if support at $175 slips, SOL might take a nap before rallying again.
The post Solana Eyes New Highs as Bulls Take the Wheel first appeared on BlockNews.
Read More