Solana may rise to $ 175 in the near future

Cryptocurrency Solana SOL $130.49 Binance-Peg SOL -1.45% Market capitalization $0.14 billion VOL. 24 hours $0.47 billion may reach $ 175 in the near future if it overcomes the local resistance level of $ 135. Currently, the price of SOL is at $ 130, after an unsuccessful attempt to break out. The current dynamics is supported by several important factors, including the closure of short positions, the activity of large investors, interest in ETFs, and the general trend towards financial market recovery.

Technical analysis suggests that Solana has broken out of a downtrend that had been in place since January 2025. During this time, the token price dropped from $ 294 to $ 104. The main reasons for the decline were the end of the meme-coin popularity cycle, a lack of liquidity in the markets, and Solana’s overreliance on short-term sources of income.

At the time of publication, Solana’s price was $ 130. If the price breaks through $ 135, it is expected to reach $ 175 by the end of April. In the event of favorable developments, particularly after the expected reduction in the discount rate by the US Federal Reserve in early May, the cryptocurrency may exceed $ 200 again. However, for long-term growth, Solana needs to refocus on real-world projects such as those related to real-world asset (RWA) tokenization and DePIN infrastructure networks.

Despite the end of the meme boom, SOL is supported by several market trends. In particular, open short positions worth $ 7.3 million at $ 135 create the prerequisites for a short squeeze. In addition, the first spot ETF on Solana has already been launched in Canada, and similar steps are expected in the United States. Institutional investors have taken advantage of the fall in prices to accumulate the asset, and the overall market situation is conducive to a potential recovery.