Solana (SOL) is challenging significant resistance levels between $159 and $167, sparking anticipation of a potential breakout toward $200. The move follows a robust rebound from the key $127–$130 support zone, with rising trading volume and ETF market optimism fueling bullish momentum.
Technical analysis identifies the 200-day moving average near $159–$167 as a pivotal resistance barrier. Analysts emphasize that SOL must decisively breach resistance at $167 and $179 to advance toward higher targets at $187 and $199. Wave pattern projections suggest further upside potential to $216 and $238 should bullish momentum sustain.
The token maintains a positive outlook anchored by strong support near $130 and crucial psychological backing above $150. Sustained trading volume reinforces current upward movements, while industry watchers note a confirmed breakout above the $159–$167 range could catalyze SOL’s ascent toward $200, defining its medium-term trajectory.