$SOL

The price of Solana has increased by 41% this month, reaching $149 at the time of writing. The next major resistance is at $180, and surpassing this level would mark a significant recovery from the losses experienced in March.

To reach $180, SOL needs an increase of 21.8%, which seems achievable given the current momentum.

If Solana manages to surpass $180, it will be well-positioned to maintain its bullish momentum. A continuous increase could help SOL recover the losses from February as well, potentially pushing the price to $221.

However, this price increase would likely come with some market saturation, limiting further immediate gains.

But, if investors decide to sell their holdings prematurely, the price of SOL could take a significant hit.

Failing to break through the resistance level of $180 could result in a drop, possibly retreating to $123. This scenario would invalidate the current bullish thesis, signaling a potential reversal and halting the recovery.