Solana has hit the $175 level repeatedly since January making it a zone of intense price interest.
Traders reacted quickly after the latest breakout attempt as chart patterns show multiple past rejections.
Community sentiment is growing with investors watching for either a breakout above or another reversal.
Solana (SOL) has officially reached a critical resistance level at $175, according to recent analysis published on May 12, 2025. This milestone, highlighted by trader @ali_charts, has sparked renewed interest and speculation across the crypto market. At the time of posting, SOL was trading at approximately $176.71 on Coinbase, up 1.43% over the previous 12 hours.
Source: X
This resistance zone is not arbitrary. Historical price data reveals $175 as a significant level, tested multiple times across the last five months. The level has served both as a support and resistance, with at least seven distinct touches shown on the chart, three from below and four from above. Each instance marked either a reversal or a breakthrough, making it a vital area for market participants.
The market’s attention now centers on one question: can Solana break decisively above this zone or will it face rejection again?
A Historical Pivot Point for Solana
The $175 price level for Solana is more than psychological—it’s historically reactive. From January through May 2025, price action respected this level repeatedly. In early Q1, SOL used $175 as a firm support base during its initial rally. Three upward arrows in the chart signal these strong support instances.
Later, following a steep decline, this same level became a ceiling. The chart shows four downward arrows where Solana struggled to breach $175 from below. Traders consistently reacted to this price, triggering sharp moves whenever it was tested.
Each touch of this line brought with it volatility and directional momentum. As a result, $175 has become one of the most technically significant levels in Solana’s mid-term trading history. Now, as SOL re-approaches this line from below once again, traders are watching for a breakout or rejection with heightened focus
Market Reactions and Social Sentiment
The reaction from the crypto community has been immediate and vocal. The tweet from @ali_charts received over 265 likes and 48 reposts within hours. Comments suggest a split in expectations. One user speculates that Solana might reach $200 if the NFT sector revives, while another highlights the $175 wall’s reliability in resisting bullish attempts.
A tweet by Voice of Crypto reiterated the resistance level’s significance using the same figures, further amplifying awareness. Meanwhile, users are debating whether support at this level can now hold, referencing past price action.
This broad engagement reveals how retail sentiment is reacting in real-time. The possibility of $200 or a retracement back below $160 remains on the table. Traders are keeping a close eye on volume and candlestick behavior around this zone, often using this level for short- to mid-term strategies.
Technical Implications for Traders
The 12-hour candlestick chart shown in the post provides a clear snapshot of price structure. With the horizontal line drawn at $175, all major interactions are visually anchored. The most recent price candle is shown testing this level, slightly above it at $176.71.
This breakout attempt follows a steady climb from April lows. The bullish momentum has so far sustained without large pullbacks. Technical analysts often view such setups as potential breakout zones—if volume confirms. However, without confirmation, a false breakout and pullback to the $160 or even $140 zones remains a plausible outcome.
TradingView data confirms these price levels and timeframes, supporting the analysis. As SOL continues to hover around $175, traders await either a solid close above or a rejection to define the next directional move.
