Solana (SOL) is gaining attention again, trading just above $141 as it gradually recovers from its recent dip. After dropping from nearly $300 earlier this year to a low of around $98, the altcoin is starting to show signs of picking up strength.
Now, all eyes are on a key resistance zone near $144 — a level that could determine whether SOL can rally toward $200 once again. The $144 level isn’t just a random number as on-chain data suggests it’s the most significant short-term resistance based on the volume of tokens accumulated around that price.
According to crypto analyst Ali Martinez, Solana is essentially wedged between $129 support and $144 resistance. A breakout above this narrow range could set the stage for a much bigger move in the coming weeks.
Looking at the broader chart, some traders believe a larger cup and handle pattern has been forming since 2022. Solana is making a steady comeback after the crypto winter, and it’s starting to look like the “cup” pattern.
It recently dropped to $115 but has been bouncing back, which could be the “handle” forming. While it’s not a perfect pattern, a lot of traders see it as a positive sign, especially with the right volume and more people buying in.
Adding to the optimism is fresh on-chain data from Glassnode. Their URPD analysis shows that once Solana clears the $144 zone, there isn’t much resistance standing in the way until it reaches around $170.
In simple terms, if SOL breaks above this range with strength, it could rally quickly. Traders are already looking toward the $160 level as a short-term checkpoint. If that’s cleared, $200 becomes a realistic target — possibly by June 2025.
Still, it’s not a guaranteed run. The price needs to hold above $130 in the near term. A breakdown below that could drag SOL back into the $115–$125 support zone, which recently acted as a strong bounce level.
A failure to hold even that zone could open doors to deeper declines, though that scenario currently seems less likely given the momentum and overall market structure.
For now, Solana remains in recovery mode. But whether it can reclaim $200 — and when — depends entirely on how it handles the next few weeks. If bulls manage to push the token past $144 with volume and conviction, the breakout could be swift. And this time, it might not stop until the triple digits are back in play.
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