$SOL
🚨 Technical Resistance at $188 as Solana Tests Breakout Zone 🚨
On the charts, Solana is pressing against a key resistance zone near $188, which has led some market pundits to speculate that SOL could reach $500 this year. Crypto analyst Ali Martinez emphasized that a breakout above this level could trigger a new upward trend, clearing the way toward $203 and beyond.
Over the past week, Solana peaked at around $184 but has since declined 6.6%, prompting some traders to revisit their Solana price predictions.
However, breaking above $186 remains critical if Solana is to maintain its bullish momentum this May. A failed attempt could lead to consolidation, especially if broader altcoin strength fades.
Still, as market sentiment improves and the Fear and Greed Index shifts upward, some market watchers believe Solana’s growing fundamentals may eventually give it the runway needed to hit $500.
