Solana is regaining market momentum after moving toward key support at $130 and now sets its sights on the $170 target. With strong on‑chain accumulation and a growing wave of institutional interest, analysts believe a breakout could soon accelerate.

Resistance at $144 Comes Into Focus

Following a sharp drop in early April triggered by liquidations near $100, Solana stabilized around the $125 level. Glassnode data shows over 32 million SOL were acquired at an average price of $129,79, suggesting significant investor commitment around this range.

As of now, Solana is trading at $125,87 and testing the $130 resistance zone. A confirmed move above this level could open the door for a rally toward $144 and $170–and possibly as high as $180, according to some technical forecasts.

On‑Chain Volume Confirms Market Confidence

Recent price consolidation between $125 and $135 is supported by strong transaction volume in that range, reinforcing it as a stable price floor. This buying activity indicates that many holders are either accumulating or refusing to sell at current levels–a classic sign of market strength.

The long‑term outlook is even more bullish. If these levels continue to hold, analysts expect Solana to make a move toward the $200 mark, particularly as new investment vehicles enter the market.

ETF Launch Boosts Institutional Narrative

The launch of Canada’s first spot Solana ETFs on April 16 has amplified speculation around institutional adoption. As access to SOL becomes easier for traditional investors, expectations are rising that demand could increase substantially.

With ETF demand driving narrative strength and whales reinforcing price floors, Solana is at a pivotal moment. If bulls push past $144 with conviction, the $170 target may only be a stepping stone toward broader gains in Q2.

See also: Blockchain Leader Kristin Smith Joins Solana Advocacy Group