Solana Price Prediction: SOL Surges Beyond $180 With Strong On-Chain Signals

SOL Solana price is currently trading at $180, having broken through it key resistance zone of $175. Institutional interest is rising, and on-chain metrics look strong, but price action remains cautious. With both buy pressure and potential sell triggers in play, the next move could be decisive. It’s a wait-and-watch zone for now.Institutions Load Up: $23.6M in SolanaSolana just got a major confidence boost from the institutional side. DeFi Development Corp just bought another 172,670 SOL, worth around $23.6 million. That brings their total holdings to almost 600,000 SOL. Institutions have lately been giving Solana quite some attention.DeFi Development Corp adds 172,670 SOL worth $23.6M to its holdings, signaling rising institutional confidence. Source: Cointelegraph via XWhen institutions add this much to their treasury, it’s often a signal that they believe in long-term growth, and such kinds of buys don’t always cause instant price spikes, but they set the stage. If retail catches on and joins the wave, momentum can shift fast in favor of the bulls.Solana Price At a Make or Break LevelWhile institutions are buying the dip, Solana price is now through its major resistance zone of $175, a level that’s held firm as both support and resistance multiple times in the past. As highlighted by crypto analyst, Ali Martinez, this is a historical pivot zone, and Solana’s recent approach to this level has been met with hesitation.Solana tests the critical $175 level. Source: Ali Martinez via XTechnically, this level has served as both resistance and support since December 2024. On the 12H chart, the price is pressing against it with increasing volume, suggesting growing interest, but there is no confirmation just yet. Analyst Ali Martinez believes a clean break and hold above $175 could flip sentiment fast and trigger fresh momentum. But if sellers defend the level again, we may see a short-term pullback before bulls make another attempt.Dominating DEX: Solana Tops the ChartSolana’s on-chain activity is roaring. Solana just outpaced every other chain in weekly DEX volume, racking up over $22.3 billion, according to SolanaFloor. That puts it ahead of Ethereum, BSC, and even Base, highlighting how much real user flow is moving through the network.Solana leads all chains in weekly DEX volume with $22.3 billion, signaling rising user confidence and DeFi dominance. Source: SolanaFloor via XWhile users are trading this heavily on-chain, it reflects confidence in both speed and cost-efficiency. Even as SOL Solana price tests its $175 resistance zone, the activity beneath the surface suggests Solana isn’t just moving on speculation. It’s becoming a central player in DeFi, and that kind of utility tends to support price structure over time.Solana Technical AnalysisSolana is pushing past a key resistance zone, but what happens next could set the tone for the short term. As analyst BC Richfield points out, a clean break above this level could open the path toward $230 to $240. A Solana price prediction that is now beginning to look more realistic as momentum builds. Institutional buying and strong DEX activity are helping to lay the groundwork, but the price still needs to confirm.Solana approaches key resistance; any rejection would expose $150, while a breakout would open $240. Source: BC Richfield via XTechnically, SOL Solana price is trading just below a major horizontal resistance that’s rejected multiple rallies in the past. If bulls fail to flip it soon, a pullback into the $150 to $140 range remains a real possibility. On the flip side, if the $180 level gives way with strength, that breakout could trigger fresh upside in line with the broader bullish setup that’s been forming.FTX Unstakes $33M in SOL: Caution Needed?In a recent move, FTX/Alameda unstaked 187,600 SOL, worth roughly $33 million, from one of its wallets, as reported by SolanaFloor. While the tokens haven’t been moved to an exchange yet, large-scale unstaking from such entities often raises eyebrows, especially when the broader market is at a key inflection point.FTX-linked wallet unstakes 187,600 SOL worth $33M, sparking speculation over potential selling pressure. Source: SolanaFloor via XWith Solana’s price currently just above its $175 resistance zone, any significant selling from this stash could add pressure and potentially trigger a pullback. If that happens, the price could revisit the $150 to $140 range, an area where buyers have previously stepped in. For now, it’s a waiting game: whether the funds stay idle or become active will likely influence Solana’s next move.Final ThoughtSolana’s current setup is a mix of strong fundamentals and a technical stalemate. Institutions are accumulating, DEX activity is booming, and even retail interest is starting to build. These are encouraging signs pointing toward long-term strength.But while price action has broken free, $175 remains as a key price resistance and support zone and potential sell pressure looming from large holders like FTX, the next move could go either way. A breakout above $180 may open the door to $230, but until then, a retest of $150 to $140 remains on the table.