Solana News Today: Solana Tests $180 Resistance Amid 23% Price Increase Potential

Solana's price is currently at a critical juncture, testing the $180 resistance level after a period of strong upward momentum. This level has proven to be a significant barrier, with previous attempts to break through in May and June failing to gain traction. The current push towards $180 is backed by a sharp recovery from the June lows, indicating a renewed bullish sentiment among traders.

Crypto analyst Daan Crypto Trades has highlighted the importance of the $180 level, suggesting that a successful breakout and hold above this resistance could pave the way for a 23% price increase, targeting $220. This optimistic outlook is supported by the recent reclaiming of the 200-day moving average and the 200-day exponential moving average, both of which are now around $163 and $159 respectively. These technical indicators often signal a shift from bearish to bullish market conditions, adding confidence to the current uptrend.

The daily chart also shows a higher low formed near $140 in June, marking a key turning point before the recent rally. This, combined with the increased volume during the latest breakout, suggests stronger buyer activity and a potential continuation of the upward trend. If Solana can maintain its position above $180 with sustained volume, it could accelerate towards the next technical target of around $221, a level that previously acted as resistance in late 2024 and early 2025. Beyond that, the all-time high from 2021 stands at $260.

However, the path to $220 is not guaranteed. If the price fails to break through the $180 resistance and gets rejected, traders may see a pullback to the $160 support zone. A deeper correction could revisit the $140 level, where buyers previously stepped in. This moment is crucial for Solana, as a strong daily close above $180 with sustained volume could confirm the breakout and accelerate bullish momentum towards $220 in the near term.