Solana Eyes Potential Breakout as It Tests Key Resistance Between $159 and $167 Amid ETF Speculation

Key Points

1. Solana rebounded from the $127–$130 support zone and is now testing a descending trendline, with the 200-day moving average ($159–$167) as a critical resistance level.

2. Key resistance levels at $167 and $179 must be overcome for SOL to advance toward $187 and $199, while strong support near $130 maintains the bullish outlook.

3. ETF speculation and wave pattern analysis suggest potential breakout targets at $199, $216, and $238, reinforcing bullish momentum.

4. Maintaining price above $150 is crucial for sustaining upward momentum, with increased trading volume supporting the current move.

5. A confirmed breakout above the $159–$167 range could pave the way for SOL to reach $200 and beyond, shaping its medium-term trajectory.