Solana Eyes $350-$400 Surge as Key Resistance at $200 Nears Breakout
Solana (SOL) is currently testing a critical resistance level at $200, with technical indicators pointing to a potential significant upward move toward the $350-$400 range. Market dynamics reveal a liquidation cluster NEAR $190 and a substantial sell wall at $200, but thin on-chain resistance above $189 could pave the way for a breakout. Historical patterns further bolster the bullish case, as SOL's price action mirrors previous breakout periods. Traders are closely watching these developments, anticipating a possible surge in the coming days.
Solana Tests $200 Resistance Amid Bullish Technical Signals
Solana approaches a critical resistance level at $200, with technical indicators suggesting potential for a significant upward MOVE toward $350-$400. Market dynamics reveal a liquidation cluster near $190 and a substantial sell wall at $200, yet thin on-chain resistance above $189 could facilitate a breakout.
Historical patterns support the bullish case, as SOL's price action mirrors previous breakout periods. Traders are closely monitoring these developments, anticipating a speculative rally driven by momentum across multiple fronts.
Solana Price Dips 4% Amid Whale Transfers, Analysts Remain Bullish on $300 Target
Solana (SOL) faced a 4% price decline as whales moved $40 million worth of tokens to exchanges, sparking short-term market concerns. Blockchain data reveals three major holders transferred 226,000 SOL, signaling potential profit-taking or strategic repositioning.
Despite the sell pressure, technical analyst Jireon identifies robust support along SOL's 2020 trendline, projecting a path toward $300 with a long-term $1,000 target. The token currently trades at $175.67 with $16.2 billion in 24-hour volume, reflecting temporary weakness amid strong fundamentals.
Lookonchain reports notable deposits to Kraken and other platforms, including a single 96,996 SOL ($17.45M) transfer. Market participants are watching whether this liquidity absorption will catalyze a deeper correction or present a buying opportunity before the next leg up.
Solana Price Eyes $250 as Remittix Nears $20M Presale Milestone
Solana's price trajectory shows bullish momentum, with analysts identifying a multi-year cup and handle pattern suggesting potential targets at $219, $245, and $260. The cryptocurrency has already gained 11.94% this week, trading near $178 amid surging developer activity and dominant market share in decentralized exchange transactions and NFT mints.
Meanwhile, Remittix approaches a $20 million presale threshold, positioning itself as a standout project for 2025. With $18.9 million raised, the platform prepares for its first centralized exchange listing—a development likely to accelerate adoption among investors seeking real-world utility.
Market dynamics reveal Solana's growing institutional appeal: 24-hour trading volume climbed 13.55% to $6.56 billion while open interest reached $10.04 billion. Whale activity indicates potential short squeezes, with over $190 million in Leveraged positions at risk.
Patrick Witt Steps Into Role as Trump's Senior Crypto Adviser Amid Regulatory Push
Patrick Witt, a former Yale football quarterback and failed congressional candidate, has assumed the role of senior adviser on digital assets for Donald Trump's administration. He replaces Bo Hines, another ex-athlete turned political operative, who departed after just months in the position. Both men share nearly identical backgrounds—Ivy League athletes turned TRUMP loyalists—but bring limited cryptocurrency expertise to their roles.
Witt now leads the President's Council of Advisers on Digital Assets as the industry clamors for clearer regulations and the establishment of a federal crypto reserve. His appointment underscores the Trump campaign's focus on positioning the U.S. as a hub for blockchain innovation, despite advisers' thin technical backgrounds. The solana Policy Institute, which has worked with Witt, publicly endorsed his promotion.
