The price of Solana has increased by 41% in April, 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 a 21.8% increase, which seems achievable given the current momentum.
If Solana manages to surpass $180, it will be well positioned to maintain its bullish momentum. A continued increase could also help SOL recover the losses from February, potentially pushing the price to $221.
However, this price increase would likely come with some market saturation, limiting immediate gains further.
However, if investors decide to sell their holdings prematurely, the price of SOL could suffer a significant hit.
Failing to surpass the resistance level of $180 could result in a drop, possibly retreating to $123. This scenario would invalidate the current bullish thesis, indicating a possible reversal and halting the recovery.
