#SOL Price Eyes $350 If Solana Clears This Resistance

Analysts predict a strong rally to $350 if the altcoin breaks through its $200 resistance, as Solana blockchain GDP jumps 20% to $1.2 billion

Highlights

SOL price faces stiff resistance at $185 and $200, crossing which could set stage for mega rally.

Despite market-wide sell-offs, Solana futures trading volumes remain steady at $6.5 billion.

Messari’s Q1 report highlights Solana's growth, with a 20% rise in blockchain GDP to $1.2 billion, a 145% surge in stablecoin market cap to $12.5 billion.

SOL price today is trading 2% down amid the broader crypto market selloff, slipping under $170 levels. Following a rejection at $185 resistance, Solana has corrected nearly 10%, however, on-chain data shows the possibility of a strong upside moving ahead. Market analysts are hopeful that this rally can continue moving ahead all the way to $350, provided the altcoin knocks off key resistances on its path.