Solana Breaks Key Resistance, Eyes $150–$155 and $190 Targets Amid ETF Bill Developments

• Solana has broken through the $145 level, indicating bullish momentum and potential for further gains toward $150–$155 in the short term and $190 if key resistance levels are cleared.
• Institutional interest remains strong, with ongoing discussions around Solana-linked investment products and structured vehicles aimed at professional investors.
• Recent regulatory developments, including the potential classification of Solana as a commodity under the 2026 ETF bill, could enhance institutional liquidity and remove regulatory overhang.

Solana has finally broken above key technical resistance of $146.93 after months of sideways consolidation, signaling improved sentiment and institutional interest. This breakout is considered a significant move, as it has historically been a price cap for rallies since November 2025.

The recent price action has been supported by elevated volume and positive technical indicators, including the RSI above 50 and the MACD trending upward according to technical analysis. Analysts suggest that a sustained move above $150.68 resistance could trigger a bullish trend toward $190 or higher.

Institutional engagement has not disappeared, and early 2026 has seen continued discussions around Solana-linked investment products, including ETF-related developments and structured vehicles aimed at professional investors. These flows have been uneven but notable, indicating that while risk appetite remains selective, Solana continues to feature in institutional allocation strategies alongside Bitcoin and Ether.

What technical levels are critical for Solana's price trajectory?

The $145–$150 range is considered the major pivot zone for Solana, with resistance at $148 and $150 being critical. If these levels are cleared, technical projections suggest a move toward $155, and possibly $162.

The $200 level represents a psychological threshold, while $250–$255 is the main resistance, aligning with 2025 highs. The $295 level represents an all-time high, but reaching it would require a strong and sustained bullish momentum.

Bullish scenarios suggest that a breakout above $150.68 resistance could lead to a move toward $190 by the end of 2026, with potential gains of 38–73% from current levels. However, sustaining this momentum will depend on continued institutional demand and positive macroeconomic conditions.

What are the potential risks or limitations for Solana's current bullish scenario?

The bearish scenario for Solana would unfold if the price fails to hold support at $142.47. A breakdown below this level could trigger selling toward the stronger support at $140.22.

On-chain data has shown mixed signals, with elevated network valuation metrics relative to transaction activity raising concerns that price may be running ahead of organic demand, increasing downside risk if speculative interest fades.

Macro factors, such as global risk appetite, interest rate expectations, and equity market performance, continue to influence Solana's price movement. Periods of risk-off sentiment have historically weighed disproportionately on Solana compared with Bitcoin, reflecting its more speculative profile and heavier retail participation.

Furthermore, the transition from consolidation into a clearer uptrend will depend on a combination of factors: a sustained improvement in broader risk appetite, renewed growth in on-chain activity, and the ability of institutional demand to translate into consistent price support. Until these conditions are met, Solana is expected to remain volatile and reactive to macro signals.