Solana Eyes Potential Breakout as It Tests Key Resistance Between $159 and $167 Amid ETF Speculation

• Solana (SOL) is testing critical resistance levels between $159 and $167, aiming to confirm a bullish trend reversal after a strong rebound from $127 support.

• The cryptocurrency’s rising volume and ETF-driven optimism are fueling momentum, suggesting potential for a breakout toward higher resistance zones.

• According to COINOTAG sources, reclaiming the $159–$167 range is essential for SOL to target the $180–$200 resistance area and sustain upward momentum.

Solana tests key resistance at $159–$167 after rebounding from $127 support, with ETF speculation and rising volume driving bullish momentum toward $200 targets.

Solana’s Critical Resistance Levels and Trend Reversal Potential

After a decisive rebound from the $127–$130 support zone, Solana is currently positioned near $150, attempting to break above a descending trendline that has capped gains since early 2025. The 200-day moving average, located between $159 and $167, represents a pivotal hurdle for SOL to confirm a sustainable trend reversal. Market analysts emphasize that only a clear break above this range will validate bullish continuation toward the $180–$200 resistance cluster. Until then, the short-term trend remains tentative despite the recent bounce.

Technical Structure and Support Dynamics

Solana’s price action has been corrective, with intermittent rallies failing to establish a definitive uptrend. The recent breakout attempt above the descending trendline has reignited bullish interest, but confirmation is pending. Key resistance levels at $167 and $179 must be overcome for SOL to advance toward $187 and $199. On the downside, strong support near $130, bolstered by historical accumulation between $124.53 and $126.10, provides a safety net for potential pullbacks. This support zone is crucial to maintain the integrity of the bullish thesis.

ETF Speculation and Wave Pattern Analysis Driving Momentum

The anticipation surrounding a potential Solana spot ETF launch is contributing to the current bullish sentiment. While Ethereum’s ETF debut did not immediately translate into significant price gains, the growing institutional interest could gradually enhance demand for SOL. This fundamental catalyst may play a vital role in shaping medium-term price trajectories.

Wave Projections Indicate Possible Breakout Targets

Technical analyst Hardy highlights a wave-like consolidation pattern that suggests a breakout toward resistance levels at $199, $216, and $238. These targets correspond with previous rejection points and liquidity clusters, indicating areas where price action could encounter significant activity. A successful retest of the descending trendline as support could trigger a powerful rally, reinforcing the bullish outlook. Maintaining price above $150 is critical to sustaining this momentum, supported by rising trading volumes and improving market sentiment.

Conclusion

Solana stands at a decisive juncture, where reclaiming the $159–$167 resistance zone will determine the strength and sustainability of its bullish momentum. Strong support near $130 and increased volume underpin the current upward move, while ETF speculation and wave pattern analysis provide additional bullish catalysts. Investors and traders should monitor these key levels closely, as a confirmed breakout could open the path toward $200 and beyond, shaping Solana’s medium-term trajectory.