Solana Breaks Past $175 Resistance — Is $300 the Next Big Target?

Jakarta, Pintu News – According to TronWeekly (10/8), Solana (SOL) continued its recent rally by staying above important technical levels, attracting increasing investor interest.

Meanwhile, the overall crypto market has been stable with bullish tendencies. In the past week, SOL prices rose 11.94%, and in the past 24 hours the movement has been relatively stable.

As of August 10, SOL was trading around $180.37 with a 24-hour transaction volume of $6.56 billion-up 13.55% from the previous day.

The project’s market capitalization reached $97.29 billion, solidifying its position as one of the best performing digital assets this month.

Solana’s Weekly Chart Shows Strong Bullish Structure

According to WebTrend crypto market analysts, Solana’s price breakout above the $175 resistance zone has turned the level into a solid support base.

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The weekly chart shows a pattern of higher lows, signaling a new buying momentum after a long correction period from the late 2024 peak close to $300.

This bullish configuration leads to a price target of $300, with intermediate resistance at $275-providing a potential upside of about 66% from current levels.

Citing a TronWeekly report, analysts emphasized the importance of maintaining support above $175, with secondary support at $160, to limit potential losses. A decisive move above $200 could trigger a stronger rally towards the $275-$300 range.

Derivatives Market Data Supports Positive Outlook

Based on data from CoinGlass, market figures show increased participation in the Solana token ecosystem.

Derivatives trading volume rose 5.19% to $25.09 billion, while open interest expanded 1.43% to $10.04 billion.

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The OI (Open Interest) weighted funding rate was recorded at 0.0011%, reflecting a relatively balanced market sentiment with a slight bullish tendency among traders.

Historical patterns show SOL approaching its latest high with momentum continuing to strengthen. If current market conditions hold, this token has the potential to experience a strong surge in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Solana Breaks $175 Resistance, Bullish Setup Points Toward $300 Target. Accessed on August 11, 2025