Solana Eyes $175 Resistance Amid Rising Developer Activity
Solana price rallied this week amid renewed crypto market optimism. The coin is trading in a $144–$187 range, testing the key $175 resistance level. Weekly and monthly drops of 1% and 8% respectively suggest a moderate pullback before upside. Immediate resistance lies at $210, with a bullish breach potentially targeting $253, offering a one-third gain. On the downside, support at $123 limits risk. Improved developer engagement and network scalability bolster medium-term growth prospects. Crypto traders should watch market sentiment shifts and volume spikes. A sustained breakout above $175–$210 could trigger further bullish momentum, while failure to hold $144 risks a slide to support levels. Overall, Solana price action hints at a bullish scenario if broader markets strengthen.
Bullish
Approaching the $175 resistance and rising developer engagement point to bullish potential for Solana. In the short term, a breakout above $175–$210 could attract momentum traders and drive rapid gains, similar to past breakouts where SOL rallied 20–30% after key level tests. Long-term prospects remain constructive, supported by network scalability and ecosystem growth. Traders should monitor volume and overall crypto sentiment, as failure to hold $144 could trigger a pullback. Given these factors, the outlook skews bullish if broader market conditions remain positive.