Solana May Target $300 by Year-End Amid Resistance Challenges and Market Trends

Key Points

1. Solana has shown resilience after testing key support levels around $120 and has gained momentum, rallying 13.4% in under a week.

2. The altcoin faced a setback when it attempted to break the $200 resistance, falling 20.19% to a low of $155.83, but has since rebounded.

3. Key resistance levels for Solana are at $183, $200, and $225, which could challenge further price gains.

4. Solana's price trend is closely correlated with Bitcoin (BTC) and Ethereum (ETH), often following their upward movements.

5. Despite the bullish outlook, Solana must overcome significant resistance levels to achieve the projected $300 target by the end of 2025.