Solana (SOL) Tests Key Resistance After 25% Rebound, Eyes $130 Breakout

Edited by: Yuliya Shumai

Solana (SOL) is testing a critical trendline resistance after rebounding 25% since Monday, following a sharp correction to $95. According to analyst Ted Pillows on X, SOL is down 60% from its peak, suggesting capitulation may have occurred. A decisive daily close above $130 could signal a sustained rally. Bullish catalysts include the upcoming Firedancer upgrade, potential Solana ETFs, and a 140% increase in stablecoin supply on Solana.

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