Published May 22, 2025 – XSTPNews
Solana (SOL) continues to show strong momentum, closing today at $178.70, up nearly 3 percent in the session. With buyers pushing toward a critical resistance zone, analysts are now watching closely for a potential breakout above $180.87, the recent local high.
If this resistance is broken with strong volume, the path opens toward the next key levels. According to Fibonacci extension targets visible on the current chart, Solana’s short- to mid-term upside projections are as follows:
- $209.05
- $219.97
- $244.70
- $272.03
The longer-term price memory also shows a historical maximum near $295.83, marking the ultimate target should market conditions remain favorable through Q3.
What’s encouraging for bulls is that Solana has reclaimed a major structure after bottoming near $95.26 in April. Since then, the asset has nearly doubled in price, supported by improving sentiment in the broader crypto market and increased on-chain activity.
However, the trend is not confirmed yet. A clean daily close above $180.87, followed by continued bullish pressure, is needed to validate this breakout scenario. A rejection at current levels could push price back toward support at $159.44 or even $140.32 if the pullback intensifies.
The current structure reflects a typical recovery V-shape with layered resistance above and Fibonacci clustering providing technical confirmation. Traders remain cautiously optimistic.
The key question now is simple. Will Solana finally reclaim the $200 zone, or is this another bull trap in disguise?
