Key Takeaways
- SOL faces key resistance of $166, which has prevented the price from reaching a new highs of $188 to $200.
- The price must break above $166, accompanied by increased volume to the upside, which will give the crypto asset greater conviction to rally further.
- Retail and institutional interest for Solana could help the price of the crypto asset reach new highs above $180.
The price of Solana (SOL) has been in a range for over 600 days, trading below $250. The price has struggled for the major part of 2025, suffering a fresh scare in the past few weeks, approaching a key low of $150 as it faced a bearish price decline.
While speculation of the market suffering a further decline towards a low of $100 and the market becoming fearful due to market uncertainty, the price of Solana (SOL) rebounded from this key low towards $165, acting as a supply zone for the price.
A strong breakout to the upside with volume, with a retest, could see the price of SOL gain bullish strength to the upside, as current price action for the crypto market has been encouraging compared to previous weeks.
Following the recent price action of Bitcoin, the number one cryptocurrency by market capitalization, which has moved to the upside of $106k, we could see altcoins, including SOL, trade to the upside, which could give the market the needed bounce after a recent market crash.
Solana (SOL) Technical Outlook
Source – Solana 1D Price Analysis from TradingView
The price of Solana (SOL) has struggled to make a bullish price action to the upside in October as the hype around the price of altcoins hitting new highs was quickly forgotten, as the price of BTC crashed to a key weekly low, affecting altcoins such as SOL, as the price saw a decline to $150.
This zone was strong for bulls, as the price was quickly bought up to the upside, trading toward $165, acting as key resistance for the price. If the price of SOL trades above $168 with good volume, there is a strong possibility that its price will trade to the next key high of $188 to $200, as traders will be looking to establish a short-term price target for the crypto asset.
Overall market price action appears bullish for Solana, as the price attempts its short-term target of $188. If price breaks above $210, price could continue its rally to the upside.
FAQs
Can Sol reach $1000?
The price of Solana has huge potential, but the prediction that it will hit $1,000 before the end of the year looks unlikely.
How much will be 1 Solana in 2030?
The price of the crypto asset could trade above $700 in 2030.
Can Solana reach 500 dollars?
The price could trade into $500 if it breaks above $300 with strong volume following the recent fundamental boost.
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