Solana’s recent price surge, exceeding $175 resistance and breaking into a bullish trend, has traders eyeing the $200 mark. Trading volume spiked alongside this breakout, signaling strong buyer confidence. This key resistance flip indicates potential for a sustained rally. Solana’s bullish momentum is fueled by an ascending triangle breakout on its 1-hour chart, aligning with growing buying pressure and historical support at the $175 level. The move has pushed the token past its 200-day moving average, further solidifying the trend. Onchain metrics like Solana’s OI-weighted funding rate turned positive, signaling increasing long positions in anticipation of further price growth. This momentum is reflected in record trading volume of $19.46 billion and a surge in open interest to $6.60 billion.