Solana Hits $136 Resistance Again: Will Coinbase’s Upgrade Fuel a SOL Price Run to $150?

Solana has been on an impressive run after Coinbase rolled out a significant infrastructure upgrade that boosted transaction throughput and reduced latency. Developers and users have noticed smoother block confirmations and fewer timeouts, making everyday operations feel snappier. This improvement arrived just as activity on the blockchain was ramping up, ensuring that the network could handle surging demand without hiccups. By tackling past performance bottlenecks head‑on, this upgrade lays the groundwork for even more ambitious applications on Solana.

Coinbase Strengthens Solana’s Foundation Amid Rising Demand

These aren’t just technical tweaks; they’re a clear sign that Coinbase is doubling down on the future of the Solana network. With stronger failover systems, more liquidity, and better operational controls, the upgrades are designed to make the network more resilient and ready for broader adoption. The timing couldn’t be better. Canada recently launched Solana-based ETFs with staking options, signaling a rising tide of institutional interest. Coinbase has emphasized that this is only the beginning, and it’s committed to continuously improving the infrastructure to support long-term growth. That kind of long-view approach is building trust in the ecosystem and giving the SOL price a healthy foundation to build on.

Institutional Interest Sparks Optimism for Solana’s Growth

It’s not only Coinbase making headlines; institutions are jumping in too. Real estate fintech firm Janover recently added another 80,000 SOL to its holdings, reflecting deepening confidence in the asset’s long‑term prospects. Such high‑profile buys are reshaping perceptions of SOL from a niche token to a mainstream blockchain contender. By combining fresh capital inflows with robust technical enhancements, the stage is set for a more mature market environment where the SOL price can find new footholds and test higher thresholds.

SOL Price Action Analysis of April 18th, 2025

The SOL price has been carving out a clear ascending channel since April 17th, marked by steadily higher lows and consistent bounces off support. An initial push from $130.50 spurred a series of overbought RSI readings around 06:00 and 09:30 UTC, each met by bullish MACD crossovers near 07:00 and again around 18:00 UTC. Though the surge tested the $136 resistance several times, profit‑taking led to short‑term pullbacks, keeping the asset within its rising corridor.

Chart 1, Analyzed by Alokkp0608, published on April 18th, 2025

By the close of April 17th into April 18th, SOL price traded sideways between $134 and $136, with RSI hovering near 50 and the MACD oscillating between golden and death crosses. Buyers defended the $130 floor effectively, but repeated failures to breach $136 hint at possible weakness ahead. Given this structure, a breach of the channel’s lower trendline could refocus attention on support zones.

Solana Holds Firm Amid Momentum and Resistance Challenges

Solana’s rally, fueled by Coinbase’s impactful infrastructure upgrades and rising institutional backing, continues to build a bullish base. The Solana network is now faster and more reliable, attracting developers and investors. Add to that the buzz from Canadian ETFs, and the setup becomes even more promising. From a technical angle, the SOL price sits inside a rising channel, holding $130 support while repeatedly testing $136 resistance. With RSI and MACD showing mixed signals, the next move hinges on whether bulls can finally break through. Traders should closely watch these levels for potential price swings as Solana continues to benefit from both macro developments and enhanced network performance.

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