$SOL has been showing signs of consolidation, hinting at a potential breakout. Traders are eyeing the next key resistance levels in the SOL/USDT pair, with many speculating a move above psychological barriers if market momentum continues. On-chain activity, such as increasing wallet addresses and Solana’s growing dominance in DeFi, suggests strong fundamentals backing the token. However, macroeconomic factors like regulatory news and market-wide sentiment could steer the movement either way. A bullish breakout could test previous highs, but failure to hold support levels may lead to a retracement. For now, all eyes are on volume spikes and whale activity to signal the next big move.