Solana Nears Breakout as Resistance at $180 Sets Stage for Potential parabolic Surge

Solana’s price is poised on the edge of a break out, currently trading near key resistance level around $180. This breakout, fueled by rising volume and bullish indicators, could propel Solana towards target prices of $210-$264 soon. Experts attribute this to the expansion of DeFi applications and growing institutional investment in SOL. Analysts highlight rising open interest and short liquidations as evidence of a building bullish momentum. However, failure to hold above $180 may trigger a correction. Meanwhile, a close above $184 opens a path toward $264. The token’s recent price action has been marked by steady accumulation despite hitting resistance. 71% increase in trading volume and a 24% rise in open interest suggest bullish sentiment is strong. A breakout could trigger a parabolic bull run for Solana (SOL).