Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Key Points

1. Solana's price broke the $180 resistance level and is consolidating around $185, with potential targets at $192 and $205.

2. The Solana network increased its block capacity by 20%, enabling more transactions per block.

3. An inverse head-and-shoulders pattern on the SOL/USDT chart suggests a bullish reversal with a target of $220.

4. Nasdaq-listed DeFi Development Corp is close to acquiring 1 million SOL, and Bit Mining plans to raise $200-300 million for a Solana treasury.

5. The RSI reading of 67.04 indicates continued strength without excessive buying pressure.