Solana Eyes $1000, But Key Resistance Levels May Delay Breakout

Solana (SOL) has long-term bullish potential, with some analysts predicting a rebound to $1,000. However, near-term resistance remains a significant challenge. Currently struggling to hold above the $150 mark, Solana faces bearish market sentiment and declining investor engagement across online platforms.

Despite these obstacles, the broader market mood is gradually improving. According to analysts, Solana still shows signs of strength—highlighted by its April rebound from the 1-Week MA200. The asset posted several green weekly closes, indicating growing momentum.

The next major resistance level lies at the 1-Week MA50, aligned with a key trendline at approximately $170. Breaking above this level is critical for a continued bullish move in May. Analysts suggest that a solid breakout above this resistance could push Solana back toward $200, where further bullish support may solidify.

Should SOL successfully flip $170 into support, the next target is $350—marked as the wedge’s upper boundary in technical analysis. Beyond that, if market conditions remain favorable, the long-term trajectory toward $1,000 could become more realistic.

For now, all eyes remain on the $170 breakout. It’s the line between continued consolidation and a fresh bull run.