Why Solana’s $300 target hinges on breaking THIS resistance
Main Idea
Solana's price is predicted to rally toward $300 by the end of the year, contingent on breaking key resistance levels, with bullish momentum supported by technical indicators.
Key Points
1. Solana rebounded sharply from the $156 support level, tracking Bitcoin and Ethereum’s upward momentum over the past five days.
2. The weekly price chart suggests Solana could rally to $300 after testing 2024 lows under $120, with resistance levels at $183, $200, and $225.
3. Despite a failed attempt to break the $200 resistance in February, Solana has since rallied 13.4%, supported by bullish trends in OBV and RSI indicators.
4. The $180 area has been a significant supply/demand zone in 2025, acting as both support and resistance at different times.
5. A move beyond $183 and $200 is likely in the coming weeks, provided Bitcoin and Ethereum do not experience a deep retracement.
Description
Solana rebounded sharply from the $156 support level, tracking Bitcoin and Ethereum’s upward momentum over the past five days.
Latest News
- XLM’s 15% price surge explained – Is $0.60 its next target?2025-08-09 04:06:17
- iSpecimen joins Solana treasury boom with $200M investment – Details2025-08-09 03:06:53
- Why Solana’s $300 target hinges on breaking THIS resistance2025-08-09 01:03:18
- How Bhutan’s $59M Bitcoin transfer sparked market fears!2025-08-08 23:11:42
- Decoding Ethereum’s price surge – Can ETH hit $16K in 2025?2025-08-08 21:52:18