Solana is tightening beneath a major resistance zone at $178. With bullish structure and a strong upward trend from $95, a breakout could send SOL soaring toward $241 in the near term. Solana’s ( SOL ) price action has been consolidating in a bullish manner underneath high time frame resistance at $178. After a strong trend that began with a low near $95, SOL has steadily climbed while respecting every key support level. Key technical points $178 High Time Frame Resistance: Currently acting as overhead supply, but showing signs of weakening as price consolidates just below. Apex Zone with Dynamic Support: Higher lows are compressing against resistance, supported by rising trendline confluence at $175. $241 Target: Next major high time frame resistance level if a breakout above $178 occurs with volume. SOLUSDT (4H) Chart, Source: TradingView What makes this setup especially compelling is how Solana has completed a textbook market auction. Price rotated from a value area low near $95 to the point of control at $124.56, also a major support, and then advanced toward the value area high, now pressing into the supply zone at $178. This full rotation signals sustained strength and growing bullish conviction. This consolidation beneath resistance appears constructive rather than bearish. The consistent formation of higher lows indicates that buyers are stepping in earlier on each dip, often a precursor to a breakout. The apex zone forming between $175 and $178 points to a potential breakout in the very near term. You might also like: SUI vs. Coldware: Coldware disrupts web3 sphere, draws attention from SUI holders Volume remains subdued, which is typical in the final stages of a consolidation. The key signal to watch will be a spike in volume accompanying a move above $178. If that occurs, it would likely trigger a strong upward expansion toward the $241 resistance level. Solana’s historical reactions to key supply zones suggest that when price compresses under resistance while forming higher lows, breakouts tend to follow with strong momentum. This pattern has repeated across previous cycles, where SOL paused beneath resistance before rapidly breaking out. If the current setup mirrors past behavior, the next leg higher could not only reach $241 but also establish the foundation for further upside—especially if supported by broader market strength. What to expect in the coming price action As long as Solana holds above dynamic support near $175 and continues to press into $178, a breakout remains the most likely scenario. A move above this level on rising volume would likely send SOL surging toward $241, maintaining its bullish market structure. Read more: Explore how XRP, BTC, and DOGE holders can earn with Crypto Mining Firm
