Solana Price Rally to $300 by Year-End After $120 Support
Solana price shows signs of a strong rebound after testing support at $120, gaining 13.4% in under a week. The altcoin attempted to breach key resistance at $200 but retreated 20.2% to $155.83 before recovering in step with Bitcoin and Ethereum.
Key resistance levels at $183, $200 and $225 will likely dictate the pace of any rally. Analytical forecasts suggest that overcoming the $200 barrier could propel Solana price towards $300 by the end of 2025. Market trends highlight a close correlation with Bitcoin and Ethereum movements, with bullish momentum driven by broader crypto market dynamics. Traders should monitor these resistance points and cross-asset trends to assess the strength of any breakout. If Solana price breaks above $200 support-turned-resistance, the path to $300 opens, underpinned by positive market sentiment and improving on-chain metrics. However, failure to hold above $183 could lead to further consolidation or a retest of lower support levels.
Bullish
Solana’s rebound from the $120 support and its close correlation with Bitcoin and Ethereum signal a bullish market sentiment. Historically, altcoins that break major resistance levels, such as Ethereum’s climb past $1,800 in 2021, often trigger rapid rallies. In the short term, overcoming the $200 resistance could spark momentum trades, pushing Solana’s price through $225 toward the $300 target. For the long term, ongoing network developments and improved on-chain metrics may sustain this upward trend if broader crypto market conditions remain favorable. Conversely, failure to hold above $183 could lead to consolidation or a retest of lower support.