Solana (SOL) is currently trading around $162, maintaining strong bullish momentum after a breakout above the key resistance zone at $153–$154, a level that has acted as a historical pivot. The next major resistance lies at $164, and a successful daily close above this level would signal further upside potential. If this breakout holds, the next technical targets are $175, $183, and ultimately $200, a round-number psychological milestone and a Fibonacci extension zone.
From a technical standpoint, SOL is above both its 50-day and 200-day EMAs, with the MACD histogram flipping positive and RSI trending upward. However, the Stochastic RSI is entering overbought territory, suggesting a potential short-term pullback or consolidation before the next leg higher.
On the fundamental side, Solana is seeing increased institutional interest, with recent inflows from large wallets and speculation around a spot SOL ETF, expected to be decided by the end of Q3. In addition, Solana’s network activity is surging, with over 15 million active wallets and record levels of on-chain fees and NFT transactions in Q2 2025. These data points reinforce investor confidence that SOL is gaining real-world adoption beyond speculation.
In terms of price action, if SOL can break and hold above the $164–$166 level, a rally toward $180–$183 becomes increasingly likely. From there, a clean breakout with volume could send the price to test $200 before the end of the month. However, failure to hold above $160 or any broader weakness in the crypto market—especially from Bitcoin or macroeconomic news—could slow this momentum and force a retracement to $150–$153 support.
In summary, SOL’s journey to $200 is technically and fundamentally possible, but not guaranteed. If key levels break with volume and bullish catalysts align (such as ETF headlines or major ecosystem partnerships), SOL could make a late-July push toward $200. Otherwise, expect consolidation between $155–$175 until stronger confirmation arrives.