Solana Smashes Through $183 Resistance – Bulls Charge, But How High Can SOL Fly?
Solana’s breakout above $183 has crypto traders buzzing—another ’sure thing’ in an asset class that loves rewriting the rules of gravity. Here’s what’s fueling the rally, and whether this is the start of a new ATH run or just another pitstop before the usual crypto volatility kicks in.
The Technical Breakout: SOL’s surge past $183 wasn’t just psychological—it flipped a key resistance level into support. Chartists are now eyeing the $200 zone as the next liquidity magnet.
Ecosystem Momentum: From NFT volumes to DeFi TVL, Solana’s metrics are flashing green. Never mind that half these projects might vanish by next quarter—right now, the network effect is real.
The Big Question: Can SOL sustain this? History says crypto rallies love to overstay their welcome—until they don’t. Watch for whale movements and BTC correlation, because in crypto, ’fundamentals’ are just decor on the casino walls.
- Solana makes it back to $185 after nearly 3 months
- Solana Price registered a retest at $183 today; a confirmation will trigger bulls.
- With 65% total SOL supply being staked, Solana records high TVL of $10.9 B
- Increased network fee collection and Upcoming ETF approval will provoke future growth.
Solana Coin is on the top watchlist again with its impressive 35% growth in the last 30 days, making SOL break the long-time resistance block of $180.
Currently trading at $180, the altcoin has now recorded two potential retests and confirmations. One at $179.7 and another at $180.49, the fresh one $183 was recently tested and is yet to be confirmed for a strong bullish ride above $200.
What’s Fueling the Solana Rally?
The solana rally is a contribution of mixed factors, including the long-awaited Firedancer upgrade is about to be released later this year. The upgrade is proposed to offer a transaction speed of 1 million per second, reducing the downtime.
Solana recently surpassed the entire ethereum layer 2 networks TVL by hitting the TVL of $10.9B, placing itself in second position after the Ethereum Mainnet network.
This TVL growth is attributed to a rise in TVL of some of the key Dapps of the Solana ecosystem as observed in the last.
- Raydium ( Dex ) : +68%
- Pump fun (Launchpad ) : +24.9%
- Marinade (Staking ): +60%
Addon to this on-chain growth, Solan records a whopping network free of around $43 million, 109% monthly growth, surpassing Ethereum and Tron networks at $24.9 m and $51.9 million, respectively. This kind of growth shows increased network usage and DeFi activity.
Upholded by the Solana memecoin rally, we can see Bonk, WIF, Popcat, Fartcoin, Peanut, Moodeng, and Most of them.
The Solana institutional interest doesn’t stop after being listed on the United States’ strategic crypto reserve; the SEC approval of Solana ETF is a key event to watch.
Solana Price hints at above $250
As we see the SOL/USDT Chart, Solana flipped the $147 resistance to support a week ago and now faces resistance at $185. The current momentum is in favour of bulls to take Solan gain above 40% more with a break beyond $160+. In 2025, Solana visited the low of $95.13, showing a sharp falling wedge breakout.
This Bullish reversal turned the tables for Solana, the SOL price is now above the 200 EMA of $162, and $165 of 50% fibonacci retracements. We can also have a positive crossover in 50 and 100 EMA and the RSI at 61.35 facing downward from the Overbouhgt region.
If the Current market conditions assist, Solana could break above the current resistance of $185 to trade NEAR the next at $201. If the altcoin loses momentum, the 200 EMA remains key support $162.
