Solana Bulls Charge Toward $164.50 Resistance—Will the Rally Hold or Fold?

Solana’s SOL is knocking on the door of $164.50—a make-or-break level that could dictate its next big move. Traders are glued to their screens, waiting to see if the crypto’s recent momentum has legs or if it’s just another overhyped bounce.

Why this level matters: Breaking $164.50 could signal a bullish phase, while rejection might send SOL back into consolidation. Either way, the market’s reaction will be a litmus test for Solana’s staying power in a sea of layer-1 contenders.

Bonus jab: If history repeats, expect at least three ’this time it’s different’ tweets from crypto influencers before the next 20% swing.

• Solana is currently very close to $164.50, a significant resistance level and a breakout in either direction is expected to set its short-term trend. 

• If it swings below $151.70, this may prove that a bearish phase is likely, finishing the downward five-wave pattern.

• Traders are hesitant since both indicators and volatility suggest a major shift in the price is coming soon.

Solana (SOL) is at a crucial point in its price trend, as the price of $164.50 seems to be stopping its price movement in the upward direction. In fact, analysts like @morecryptotoonl from X are saying that the cryptocurrency is still in the fourth wave price movement, which is a part of a five-wave Elliott Wave pattern.

Solana’s $164.50 Resistance Level Could Change Price Direction

If Solana’s price fails to break above $164.50, dipping below $151.70, that would be a strong signal that the fifth and final wave of the current downward movement has started. This would likely indicate further price drops ahead for solana in the short term, as the pattern would be completing its typical five-wave cycle.

Source: X @Morecryptoonl

However, the market might move in a different direction instead. If SOL passes $164.50, analysts believe this might signal the start of a “B-wave”, a larger correction. This means that Solana may not continue declining but could prepare for another price turnaround that could turn into a full recovery or just a longer consolidation phase.

Solana Price Soars to $160.49 with 5% Daily Gain

The current price of Solana from CoinMarketCap is $160.49 which is 5.01% higher than yesterday. The 24-hour trading volume increased by around 17% to $3.41 billion which demonstrates a lot of engagement from investors.

The volume-to-market-cap ratio stands at 4.09% which indicates that trading is stable and matches its market value. There is a lot to note from the way the price moves. The price of SOL ROSE to about $162, but slipped down again, reaching its current value. Looking at the chart, the green line shows where its goes up while there are a few areas of sharp decreases as well.

Source: CoinMarketCap

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