Solana ($SOL) Price Prediction for May 23: Bulls Eye $180 While Market Awaits Breakout Confirmation

After staging a strong rebound last week, the Solana price today is trading near $175.90, holding above short-term EMAs and pressing against critical resistance zones. As the broader crypto market steadies following Bitcoin’s rally past $110K, Solana price action is now showing signs of momentum, though upside remains capped by the $177–$180 rejection zone.

Investors are watching closely as the price consolidates near a key breakout threshold. Will bulls finally crack through the $180 barrier, or will the overhead resistance trigger a local pullback?

What’s Happening With Solana’s Price?

The current Solana price reflects a clear uptrend across multiple timeframes. On the 4-hour chart, Solana price today is consolidating just below a resistance block around $176.50–$178, with strong support layered around $170. The price has formed higher lows since May 16 and is now attempting to break a horizontal ceiling that has capped recent rallies.

The ascending trendline remains intact on both the 4-hour and 30-minute charts, suggesting short-term control remains with buyers. However, a failure to hold above $175.20…

The post Solana ($SOL) Price Prediction for May 23: Bulls Eye $180 While Market Awaits Breakout Confirmation appeared first on Coin Edition.