Solana Price Prediction: Will $220 Resistance Hold or Break?

Solana Price Analysis: Will ETF Hype Push SOL Above $220?

Solana price has recently shown positive momentum as it experiences multiple instances of the MACD bullish cross. According to the latest chart analysis, these crosses indicate strong upward trends that follow every bullish signal. Each of these crossovers has historically led to significant price surges, making Solana a promising candidate for traders who are watching these technical indicators closely.

Solana Price Reaches New Heights After Bullish MACD Signal.

The last optimistic cross took place in October that gave rise to expectations of another notable upswing of SOL. The same trend has been seen by traders earlier in the year as crosses had been made in July and August which also led to a large increase in prices. Such uninterrupted bullish trends are assuring traders that SOL may keep on its uphill trend soon.

One of the most popular technical analysis tools that is used in forecasting the price momentum is the Moving Average Convergence Divergence. Bullish cross occurs when the MACD crosses above the signal line which is an indication of the possible upward trend. As the recent chart shows, all these crossovers were preceded by a long period of bullishness in the price of Altcoin.

When this trend continues, SOL could rise to the new price levels. Both investors and traders are keeping a close eye on it, hoping it may be a continuation of the positive trend in the performance of the cryptocurrency. As the trend implies, the past bullish crosses have given us good gains and the current one might not be different.

Solana ETF Approval by 2025: 99% Likely

The probability that the Solana ETF will pass, has shot to above 99% as per recent data, which is 25% higher than it was initially estimated. This positive trend is supported by the consistent increase in confidence observed during the year with fluctuations previously balancing out at an insurmountably positive perspective.

Polymarketcap data

This prediction was not made in a straight path and the probability of being approved was dropping to less than 70% in the first months of 2025. But, a steep increase in the second half of the year has cemented optimism and market observers are now almost sure of passing by the close of 2025.

Can Solana Price Break $220 Resistance?

As of 30th September, the SOL price traded at $207.95, showing a modest increase of 0.42%. The price was swinging between important price levels of $200 and $220 over the past days, and this showed that the price has a range-bound structure in its performance.

The market trend is not entirely positive and the price has now become stagnant at the resistance zone of around the $220 price, indicating a lack of breakout above the line.

The Relative Strength Index (RSI) has a value of 53.05, which means that the asset is at a neutral price. This level suggests that neither the buying nor the selling pressure is prevailing at the time.

Source: SOL/USD 4-hour chart: Tradingview

The Chaikin Money Flow (CMF) of 0.18 represents the positive money flow and it indicates that the bull is slowly taking over the market.

Should the Solana price be in a position to overcome this hurdle, it can aim at the subsequent resistance area above $230. On the other hand, in case the $200 support is solid, then the price may retest it first before advancing further with greater force.