Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Ethereum ETF Boom Ahead? Bitwise Predicts $10B Inflows by 2025’s End
    NewsCryptoEthereum

    Ethereum ETF Boom Ahead? Bitwise Predicts $10B Inflows by 2025’s End

    According to Bitwise Chief Investment Officer Matt Hougan, inflows into Ethereum exchange-traded…

    By
    Jane Omada Apeh
    July 3, 2025
    Robinhood’s Tokenized Stocks Spark Fury: Why OpenAI and Elon Musk Say It’s a Scam
    NewsCrypto
    Robinhood’s Tokenized Stocks Spark Fury: Why OpenAI and Elon Musk Say It’s a Scam
    July 3, 2025
    Ripple lawsuit
    NewsCrypto
    How Ripple’s New RLUSD Integration Makes Crypto Invisible
    July 3, 2025
    BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
    NewsCrypto
    BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
    July 3, 2025
    Image fx 11
    CryptoMarketNews
    Ripple Moves Aggressively After Regulatory Victory
    July 2, 2025
  • Cryptocurrency
    Ethereum ETF Boom Ahead? Bitwise Predicts $10B Inflows by 2025’s End
    Ethereum ETF Boom Ahead? Bitwise Predicts $10B Inflows by 2025’s End
    6 Min Read
    Robinhood’s Tokenized Stocks Spark Fury: Why OpenAI and Elon Musk Say It’s a Scam
    Robinhood’s Tokenized Stocks Spark Fury: Why OpenAI and Elon Musk Say It’s a Scam
    6 Min Read
    Ripple lawsuit
    How Ripple’s New RLUSD Integration Makes Crypto Invisible
    7 Min Read
    BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
    BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
    7 Min Read
    Image fx 11
    Ripple Moves Aggressively After Regulatory Victory
    3 Min Read
    How Tether Is Building an Entire Crypto Economy in East Africa
    How Tether Is Building an Entire Crypto Economy in East Africa
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Solana Breakout Watch: Can $176 Hold the Key to $200?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Solana Breakout Watch: Can $176 Hold the Key to $200?
NewsCryptoMarket

Solana Breakout Watch: Can $176 Hold the Key to $200?

Solana Breakout Watch: Can $176 Hold the Key to $200?
Jane Omada Apeh
Last updated: June 12, 2025 8:49 am
By
Jane Omada Apeh
Published June 12, 2025
7 Min Read
Share

Solana (SOL) is testing the resistance zone at $176 after a 17% bounce from $143. This move, driven by a confluence of high probability technical levels, has brought Solana price to a breakout point but the presence of clustered resistance and fading momentum means it is in a high stakes phase.

Contents
The Bounce Off $143: A Clean SetupBreakout or Range Continuation?What To Expect From HereMacro Context: How Bitcoin and Ethereum Could Tip the ScalesOn-Chain Activity and Developer TrendsConclusion: Will Solana Price Break $176?FAQsWhy is $176 so important for Solana?Is Solana in a confirmed uptrend?What if Solana fails to break $176?What would be a bullish breakout?How do broader markets impact Solana?GlossarySources

The question on everyone’s mind is simply this: Can Solana break $176 or will it get rejected and fall back into its range?

The Bounce Off $143: A Clean Setup

The 17% move started from a textbook reaction off $143, a level backed by both the 0.618 Fibonacci retracement and weekly support. The double confluence, combined with a slight increase in market wide bullishness, triggered a strong impulse move.

Traders often consider the 0.618 Fibonacci level as a strong demand area especially when combined with historical support. The quick Solana price response to that area confirms its importance but the path forward may not be as clear cut.

Solana’s test of the $176 resistance is not just one technical level. It’s an intersection of multiple significant levels:

First, it is seen as a Point of Control (POC) level which refers to the most traded price level, and often acts as a magnet or a ceiling.

Secondly, experts and analysts see it as a Daily Support-Resistance Flip which is a historically reactive level now turned into resistance.

Additionally, it is seen as an Upside 0.618 Fibonacci Retracement which is calculated from the last swing, adding to the confluence.

Solana Price Analysis
Solana Price Analysis

This resistance cluster means the Solana price action at $176 may not be clean. It is either Solana breaks through convincingly with volume and structure or gets absorbed by selling pressure. As at the time of this publication, Solana trades at $159.36.

Breakout or Range Continuation?

The market is divided. A successful breakout could take Solana to $195-$200 and potentially retest the March highs. But a failed attempt might mean $143-$176 is a defined high timeframe range, one that has kept Solana trapped since April.

The deciding factor will be volume and momentum. A breakout without follow through typically results in a fakeout, pulling in breakout traders before quickly reversing back into the range.

So far, volume has not confirmed the breakout. That means the next few days are critical, especially as the broader crypto market is testing its own resistance zones.

What To Expect From Here

Three possible scenarios are likely to happen for Solana price action. The first is a Confirmed Breakout; If SOL breaks $176 with volume and holds above for at least a daily close, the breakout may trigger a continuation, targeting $190-$200.

It could also either be a Rejection and Pullback. Rejection would bring price back to $165, the middle of the range. If selling intensifies, SOL could go to $150-$143.

If it isn’t any of those, then Solana could see a Range Extension. Failure to break through will keep Solana price sideways between $143 and $176, with swing traders trading the channel.

Any of these outcomes depends on momentum, especially from altcoin flows and macro sentiment.

Macro Context: How Bitcoin and Ethereum Could Tip the Scales

Solana’s fate may be tied to the overall crypto market. Bitcoin is currently breezing around $107,852.73, while Ethereum is consolidating around $2,768.66. If either breaks out, the rising tide could lift SOL past $176. If either pulls back, it could dampen Solana’s rally and confirm the current range.

The total altcoin market cap is also stuck at resistance. If capital rotation continues into newer narratives, like meme coins or Ethereum Layer-2s, Solana may need more catalysts to keep the pressure up.

Solana Price Analysis
Solana Price Analysis

On-Chain Activity and Developer Trends

While price action gets the headlines, Solana’s fundamentals are quietly moving. Daily active addresses are strong and Solana-based meme coins like Dogwifhat (WIF) and BONK are still sustaining the hype. Solana’s DeFi TVL is also above $4 billion, so users are still engaged.

But from a technical standpoint, these metrics aren’t enough to overcome the resistance without broader risk-on sentiment.

Conclusion: Will Solana Price Break $176?

Solana is at a crossroads. The $176 resistance zone is big not just technically, but psychologically. If buyers can take out this level with conviction, it opens the door to more upside. If price stalls here, it could confirm the broader range between $143 and $176.

Short-term success depends on volume, confirmation and broader market direction. For now, the question remains: Can Solana break $176?

FAQs

Why is $176 so important for Solana?

It’s the point of control (highest traded volume), a major Fibonacci retracement and a daily resistance flip, so it’s a high-confluence level.

Is Solana in a confirmed uptrend?

The bounce from $143 was strong, but until SOL breaks $176 and holds, it’s still in a range.

What if Solana fails to break $176?

Failure could mean a pullback to $160 or even retest the $143 support if the market weakens.

What would be a bullish breakout?

A daily close above $176 with increasing volume and follow-through to $190–$200 would be a breakout.

How do broader markets impact Solana?

Bitcoin and Ethereum are sentiment anchors. Bullish trends in majors pull altcoins like Solana up; weakness caps upside.

Glossary

Point of Control (POC): The price where the most volume has traded over a certain period.

Fibonacci Retracement: A technical tool to identify potential reversal levels, especially the 0.618 (golden ratio).

Support-Resistance Flip: When a price level that was support becomes resistance, or vice versa.

Volume Confirmation: A trading principle that uses volume to validate price moves, especially breakouts.

Range-Bound Market: A market trading within a support and resistance zone without a clear directional breakout.

Sources

CoinMarketcap

Crypto.news

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin’s Surge Wipes Out $240 Million from Crypto Market!

Litecoin ETF Approval Incoming? Will the SEC Deliver the Breakthrough Altcoins Need

Tether CEO Paolo Ardoino Slams JPMorgan’s Compliance Warning

Fabric Cryptography Secures $33M Funding to Boost Privacy Solutions

How Bitcoin Defies Market Fears, Holding Strong Around $92,000

TAGGED:SOL priceSolana priceSolana price predictionSolana volume

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Previous Article image 54 Next Crypto to Explode: Buy Troller Cat at $0.00002099 Before It Explodes 35% Like Book of Meme and Neiro
Next Article Musk Trump crypto Musk Makes Peace With Trump: Dogecoin Pops as Ethereum Hits 4-Month High
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English