The price of Solana (Sol) has broken historic resistance of $178. This is the level that served as a roof in previous cycles, and now requires an impulse beyond the $200 barrier.
When this memo was published, SOL was negotiated for $190 and is 34% below the history maximum (ATH) $294.
In the previous graph, the blue line represents a significant resistance of $178. The skill level has stopped Solana’s advances.
As explained in the Cryptopedia, Cryptootic Educational section, the term resistance is an area where sellers tend to look strong, making it difficult for prices to continue to rise.
For SOL, $178 matches the “neck” of a cup figure with a handle. That’s a very valuable number in technical analysis. It usually indicates a continuation of the previous upward trend.. As you can see from the following graph, this diagram has been formed since the beginning of 2025.
For financial market analyst Mirjan Hipolito, overcoming that resistance, examining the pattern of trends changing, opening doors from around $200 to $230.
Solana’s excellent performance is explained by the current well-being of the digital asset market.
As Cryptootics reports, the market is experiencing a revolving cycle. Investors’ money flows from Bitcoin (BTC) to Ether (ETH). Cryptocurrency with a larger market capitalization.
It should be noted that Sol is favored for the good performance of memokines that live in ecosystems such as Bonk (Bonk) and Token Pudgy Penguins (Pengu).
Finally, it’s worth mentioning Interest in the Solana ecosystem has been growing since the launch of bottomlisted backgrounds (ETFs) Staking and the sun.
