Solana Battles $180 Resistance Wall as Network Activity Explodes – Can It Break Through?

Solana's price action just turned into a high-stakes game of technical chicken. The $180 resistance level looms large as the network's activity metrics scream bullish—but traders know crypto's cruel habit of punishing optimism.

Network congestion? More like network obsession. Daily active addresses and transaction volumes are painting a demand picture that even Bitcoin maxis can't ignore. Yet that pesky $180 level keeps acting like a velvet rope at a Miami crypto conference—everyone wants in, but not everyone gets past the bouncer.

Technical analysts are glued to their TradingView screens. A clean breakout could trigger algorithmic buying frenzies, while rejection here might send SOL back to test its recent higher lows. Either way, the market's about to deliver another masterclass in how blockchain fundamentals and trader psychology exist in parallel universes.

Bonus cynic take: Wall Street's still trying to figure out if this is a 'buy the rumor, sell the news' setup—or if they should wait for the SEC to arbitrarily declare it a security first.