Solana Price Prediction: Can SOL Break $150 Resistance and Rally to $170?

Solana (SOL) has demonstrated excellent recovery, but overcoming the $150 level is a task. With strong fundamentals and growing trading volume, key resistance levels have held the price below this level. Crypto market analysis indicates that while Solana has outperformed many altcoins, market volatility and technical limitations have limited its short-term growth prospects.

Solana has experienced increasing adoption, with network fees higher than Ethereum and incorporation on platforms such as Polymarket. These are signs that Solana is becoming increasingly stronger in its position in the world of blockchain. But the question is: will all these prove to be enough to propel Solana’s price to $170?

Technical Analysis: Will Solana Sustain the Momentum?

Solana price analysis reveals strong bullish momentum but with strong resistance at essential technical levels. SOL last week reached as high as $144.92 before it saw selling pressure. The 0.236 level of the Fibonacci retracement point of $140.17 currently shows immediate resistance, with another major resistance level at $145 and $150. 

A trendline that increases around $134 offers major support, with additional Fibonacci levels offered at $132.49 (0.618) and $129.56 (0.764) serving as a buffer against further decline. If the price drops below $125, then that would indicate a shift toward bearish momentum. But a continued support level of over $135 would make the bullish outlook even stronger.

Chart 1 -Provided by aayushjindal, published on TradingView, March 25, 2025

Relative Strength Index (RSI) has fallen below 50 in recent times, indicating weakening momentum. On the other hand, the MACD indicates bearish divergence. These are signs of the potential for short-term consolidation before any possible price rally. 

Future Outlook: Can SOL reach $170?

For Solana to hit $170, it needs to break the technical resistance at $150. A break above this successfully would most likely initiate the next higher levels, such as $162 and eventually $170. This would most likely be driven by continued network adoption, favorable market sentiment, and increasing institutional demand.

One of the most significant events that would propel Solana’s price is the potential for Fidelity to file a spot on Solana ETF. If this filing occurs, it would unlock massive institutional demand, sending the SOL price higher. Increasing numbers of platforms and investors incorporating Solana into their portfolios would also propel the bullish outlook further.

Despite all these favorable factors, there are threats. If Solana is unable to break the $150 resistance, it may be rejected, and the price will return to support levels of $135 or below. Larger market corrections, macroeconomic trends, or changes in investor sentiment may also adversely affect Solana’s price action in the short term.

Key Levels to Watch: Solana’s Next Big Move

Solana’s strength is seen in its rising network adoption and on-chain metrics. However, breaking above the $150 mark is a big challenge, with resistance levels and market volatility limiting its short-term upside. While Solana’s growing network usage, staking rewards, and platform integrations indicate great future potential, the SOL price action indicates that short-term appreciation will depend on breaking the $150 resistance.

However, Solana might experience declines to lower levels around $135 or even lower if a long-term trend and market support do not continue. Investors must keep themselves alert, monitoring important technical levels, network development, and crypto market analysis in general.