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Solana has shown a potential breakout from a Symmetrical Triangle. Here’s where the next price target could lie, according to an analyst. Solana Has Surged Above Symmetrical Triangle Resistance In a new post on X, analyst Ali Martinez has talked about how Solana has just broken a resistance line. The level in question is part of a Symmetrical Triangle, a pattern from technical analysis (TA). This pattern belongs to the class of triangles, formations that involve the asset trading within two converging trendlines. The upper line acts as a source of resistance, while the lower one as that of support. A break out of either of these levels implies a continuation of trend in that direction. A surge above the triangle is a bullish sign and a drop under it a bearish one. Since the price’s range becomes narrower as it travels within a triangle, a breakout can become more likely as it approaches the apex. Related Reading: Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move Generally, triangle breakouts are considered to be of the same length as the height of the formation (that is, the distance between the upper and lower trendlines at their widest). There are three popular triangle types: Ascending, Descending, and Symmetrical. The first and second variants have one trendline parallel to the time-axis. In the case of the Ascending type, it’s the upper level. This means that as Solana moves inside an Ascending Triangle, its range gets narrower toward a net upside. Similarly, the Descending Triangle involves the opposite setup, with the support line being parallel to the time-axis instead. The third type, the Symmetrical Triangle, is the middle ground between the two: it has the two trendlines approaching each other at a roughly equal and opposite slope. In other words, the Symmetrical Triangle represents a period of consolidation where the range gets narrower in true sideways fashion. Due to this fact, a breakout is more-or-less equally probable to occur in either direction. In contrast, there is a bias associated in Ascending and Descending Triangles. Now, here is the chart shared by Martinez that shows the Symmetrical Triangle Solana was trading inside just earlier: As is visible in the above graph, the Solana price was nearing in on the end of the triangle and as probability would dictate, a breakout was becoming likely. The asset indeed ended up finding a break and it seems to have been in the up direction. Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading So what could be next for SOL? According to the analyst, the asset might target $164. This level corresponds to the 1.272 Fibonacci Extension line. Fibonacci Extension levels are defined based on ratios found in the popular Fibonacci series. The 1.272 level, in particular, corresponds to the square root of 1.618, which is the famous ‘Golden Ratio.’ SOL Price At the time of writing, Solana is floating around $158, up 3% in the last 24 hours. Featured image from Dall-E, charts from TradingView.com

Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin’s correction is about to end, but warned that a dip below a key support level might come first. Related Reading: SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 Solana Eyes Key Retest Before Breakout After retesting the $168 resistance last Wednesday, Solana has fallen back to a key level fueled by the recent market pullback. The cryptocurrency has seen a 15% retracement from its monthly highs, trading around the $140 zone for the past three days. SOL has been hovering between the $145-$180 price range since its May breakout, falling to the range lows during the June market shakeouts. Since then, the altcoin has struggled to reclaim the $160-$170 mid-zone. Nonetheless, market watcher Lluciano considers that Solana “may dip a bit more, but the ultimate target is seriously huge.” The analyst highlighted SOL’s performance since April, noting that it ended its multi-month downtrend after breaking above its descending resistance at the end of March. After this price action, SOL retested the $100-$120 demand zone before breaking out to its current range in the following weeks. Now, the altcoin’s chart displays a one-month falling wedge pattern, with the upper boundary sitting around the $155-$160 area. To the analyst, a breakout from this pattern could send the cryptocurrency toward May’s $187 high resistance before propelling the price to retest the $240 mark. Similarly, trader Rose noted that SOL has been consolidating above the key $145 resistance and 50-day Moving Average (MA), signaling a potential breakout. “If confirmed, the price could rise toward targets at $165, $183, and $220,” they suggested. SOL To Underperform In Coming Months? Market watcher Crypto Bullet suggested that Solana’s correction is coming to an end. The analyst forecasted that SOL could soon lose its current range and retest the April consolidation range, around the $125-$135 area, to complete the correction. This would be followed by a bounce back into the current range before surging past the $200 barrier toward the $220-$250 targets, for “one more wave up” this cycle. Meanwhile, Altcoin Sherpa affirmed Solana won’t outperform like it did during the first half of the cycle. According to the analyst, the cryptocurrency won’t outperform Bitcoin (BTC) on any long-term timeframe “other than a few blips here and there.” Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch He explained that the cycle’s leading altcoin isn’t “dead,” but that he doesn’t “see it having a run like it did in 2021/2024.” Notably, SOL is currently retesting its late November 2023 support levels against BTC, which previously sent it to yearly lows after failing to hold them. Altcoin Sherpa concluded that Solana will likely continue to climb against its USDT pair but continue to bleed in its SOL/BTC chart. As of this writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has recovered from the recent market pullback after bouncing from its local bottom. Amid its recent breakout from a bullish formation, some market watchers suggest that the cryptocurrency could recover its start-of-year glory. Related Reading: Bitcoin Weekly Chart Flexes Strength—Is The Moonshot Just Getting Started? Solana Breakout Eyes $164 Solana is recording a 2.45% surge in the weekly timeframe after recovering from its recent drop to the $140 area. The altcoin has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. However, SOL lost the $160 area amid the recent market corrections, dipping 11% in one week. Over the weekend, its price bounced nearly 10%, reclaiming the $150 level as support and forming an ascending triangle pattern. Crypto analyst Ali Martinez highlighted the 3-day formation in Solana’s chart, suggesting a potential 6% jump to its recently lost support level. According to the post, the cryptocurrency broke out of the triangle formation on Monday after reclaiming the $155 area. A retest and breakout confirmation could propel Solana to the $164 barrier, which has not been seen in two weeks. Analyst CW noted that if SOL breaks through the selling barrier around the $160 level, “the previous price will recover quickly,” as reclaiming this level could send the price straight to the $180 area. Notably, the altcoin’s next significant selling wall is around the $180 resistance, which it has been unable to reclaim despite touching a $187 three-month high during the recent market rally. Recovering this key barrier could also push SOL’s price toward the $200 mark, enabling a rally to new highs. However, failing to hold the current levels could send the cryptocurrency’s price back toward the $142 buying wall, which served as support last week, or even the $135 level, where the next buy wall sits. SOL Preparing To Climb Higher? Market watcher Jeremy pointed out that Solana is “finally breaking out from this downtrend consolidation.” Per the post, the cryptocurrency has been consolidating in a descending channel since late May, hovering between the $140-$187 price range. Throughout this period, SOL’s price moved from the $180 mark toward the $144 support. Nonetheless, it broke out of the two-week descending channel after reclaiming the $155 level. Jeremy suggested that Solana’s price could “actually climb higher” if global conflicts and political disputes, like the Trump-Musk online feud, don’t continue to affect the market, concluding that “1 SOL = $300 is just a matter of time.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric Meanwhile, crypto trader Coinvo recently affirmed that SOL’s bottom “is finally in,” highlighting a potential bullish megaphone pattern in SOL’s chart. The 18-month pattern shows that the fourth wave bounced from the formation’s lower boundary during the April pullback. This could signal a potential surge to the upper boundary, around the all-time high (ATH) levels, during the fifth wave. A breakout above the pattern’s resistance line could propel Solana to new highs As of this writing, Solana trades at $156, a 1.88% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has reclaimed crucial levels amid its price rally, recording its highest range in months. However, as the market’s recovery takes a pause, the cryptocurrency has hit a key level that could propel or delay its surge to new highs. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Solana Rally Faces Key Barrier Solana’s price has significantly surged over the past several weeks, recovering from April’s pullback and breaking out of its downtrend. After its January all-time high (ATH), SOL retraced up to 63%, hitting a 14-month low of $95 last month. However, Solana climbed above some crucial ranges during the late April market recovery, reclaiming the $140 resistance as support for the first time in two months. Since then, the cryptocurrency rallied nearly 30% to the $180 mark, recording a three-month high of $183 last week before retracing to the $170 support. Crypto Trader Mercury noted that Solana reached a “very HTF infection point,” which could send the cryptocurrency’s price to new ATHs again if reclaimed. However, the market slowdown has stalled SOL’s rally, with its price falling to the $165-$170 range over the weekend. After its recent performance, the trader added that SOL was rejected from the key inflection point “just enough to allow for a retest of the same trend that got us here in the first place.” Based on this, he considers that reclaiming the $180 mark and eventual breakout to news ATHs is on the horizon, “as long as that 4H 200MAs trend holds.” Meanwhile, analyst Cas Abbé pointed out that Solana’s multi-year trend remains intact despite the recent pullbacks. As he explained, the cryptocurrency is over 50% up from its multi-year ascending trendline retest, seemingly marking the bottom for Solana. The analyst considers that SOL January ATH could not be the top, and another record-breaking rally could come this year. Similarly, trader Coinvo highlighted the ascending trendline, “If SOL continues to hold this trendline, it’s going much higher!” SOL eyes $200 Breakout Over the weekend, analyst Rekt Capital asserted that Solana has broken into its Post-Halving Re-Accumulation Range on the monthly timeframe, successfully retesting the $120-$135 range as support over the past couple of months. This key higher timeframe retest propelled the cryptocurrency to revisit the $165-$175 range’s high. However, he explained that Solana must break above the upper boundary to confirm a breakout and continue ascending, which it failed to do during last week’s close. SOL also must break and retest the upper boundary as a new support with a Weekly Close above this mark to exit the key range. Additionally, the analyst pointed out that previous performance suggests a price breakout could happen. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? According to its Q4 2024 price action, if Solana builds a base around the Range high’s resistance, there’s a high chance for the price to rally. The analyst added that a successful breakout from this zone could send SOL’s price to the $200-$210 mark. “SOL simply needs stability here at the Range High resistance, as that would telegraph that this is an area that is becoming support,” Rekt capital concluded. As of this writing, Solana trades at $165, a 3.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana is trading at critical levels after several days of trying to decisively break above the key $155–$160 resistance zone. Bulls are slowly building momentum, as the broader crypto market shows signs of strength and hints at the possibility of a sustained rally. However, global risks remain elevated, particularly as no clear resolution has been reached in the ongoing US-China trade conflict, which continues to shape macroeconomic sentiment and investor behavior. Related Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High? Despite the uncertain backdrop, technical indicators are beginning to favor a bullish outlook for Solana. Top analyst Ali Martinez shared new insights, highlighting that when zooming out, Solana appears to be forming a textbook-perfect cup and handle pattern — a classic technical setup typically associated with major bullish breakouts. If validated, this pattern could set the stage for a strong upside move in the coming weeks. Still, caution is warranted, as broader market volatility and unresolved geopolitical tensions could disrupt the developing momentum. The next few days will be pivotal for Solana’s trend, as bulls must defend key levels and build enough pressure to attempt a true breakout above resistance. Solana Shows Strength Amid Shifting Market Dynamics Solana is up 58% since early April, showing impressive recovery momentum as market dynamics start to shift. After months of weakness and selling pressure, Solana is now emerging as one of the stronger performers among major altcoins. Analysts are closely watching the $160 level, with many calling for a decisive breakout that could unlock further gains. However, risks remain elevated. The broader macroeconomic environment remains unstable, with global trade conflicts and financial market volatility weighing on investor sentiment. Solana has been particularly sensitive to this uncertainty. Since January, SOL lost over 65% of its value, highlighting the growing selling pressure and speculative behavior that dominated the market during the first quarter of 2025. Despite this, the recent surge has shifted short-term momentum back in favor of the bulls, offering hope for a broader recovery if key levels are reclaimed. Martinez’s analysis supports a bullish outlook for Solana. He points out that zooming out reveals Solana is forming a textbook-perfect cup and handle pattern. This classic technical structure often precedes strong upward movements, especially when accompanied by growing volume and supportive macro conditions. If confirmed, this setup could mark the beginning of a major rally for SOL in the weeks ahead. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? SOL Price Action Remains Tight Below Key Resistance Solana (SOL) is trading at $151 after several days of consolidation below the crucial $160 resistance zone. Bulls have managed to defend recent gains, but momentum has slowed as the price struggles to push higher. Reclaiming the $160 level is essential for bulls to regain full control and continue the recovery. A clean breakout above $160 could trigger a rally toward the $180 mark, which aligns with the 200-day moving average (MA) — a critical technical barrier that, if flipped into support, would confirm a strong trend reversal. However, risks remain elevated if bulls fail to reclaim the $160 resistance soon. A failure at this zone could expose SOL to a deeper correction, potentially dragging the price back toward the $120–$100 support area. This would not only erase recent gains but could also damage market sentiment, slowing Solana’s recovery efforts. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For now, consolidation just below resistance suggests that buyers are attempting to build strength. However, the next few days will be critical to determine whether SOL can break higher or enter another corrective phase. All eyes remain on the $160 breakout level as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView

Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solana’s favor, some see this move as a possible bearish setup rather than a reversal. Related Reading: Ethereum Metrics Reveal Critical Support Level – Can Buyers Step In? Top crypto analyst Ali Martinez shared a cautionary view on X, suggesting that Solana might be retesting the breakout zone from a right-angled ascending broadening pattern — a structure that often precedes sharp declines. According to his analysis, if Solana fails to hold current support levels, prices below $80 could come back into play. This aligns with broader macro concerns, as global trade tensions and volatile risk markets continue to pressure crypto valuations. With both bullish enthusiasm and bearish warnings in the air, Solana’s price action in the coming days could determine whether this is a genuine recovery — or a setup for a deeper correction. Eyes are now on how SOL behaves around $125 in the short term. Solana Faces a Pivotal Test as Global Risks Rise Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile. Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets. These macro headwinds are colliding with technical pressure in Solana’s chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 — a level not seen since late 2023. The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135–$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? SOL Price Faces Key Resistance After $136 Rejection Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark — a zone that aligns with key daily resistance and short-term liquidity. Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest — but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone. Featured image from Dall-E, chart from TradingView 

Solana is trading above the $125 mark after bulls stepped in with force, reclaiming critical technical levels and bringing some relief to a market that had been dominated by selling pressure. After weeks of steep declines and heightened volatility, Solana is finally showing signs of strength as buyers return and confidence starts to rebuild. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery​? The bounce came at a crucial moment, as SOL was on the verge of breaking into lower demand zones following a sharp 47% drop since early March. The shift in momentum has caught the attention of market participants, especially as broader market sentiment begins to stabilize. Top analyst Big Cheds shared a technical analysis on X, suggesting that Solana has “triggered a long thesis overnight” after reclaiming several key levels on the chart. His comments are fueling speculation that this move could mark the beginning of a broader recovery phase for SOL—provided bulls can hold current levels and build momentum from here. As traders monitor upcoming resistance and key indicators, the next few days will be crucial in determining whether Solana’s rally has legs—or if it’s just another short-lived bounce in a volatile macro environment. Solana Surges 40% As Long Thesis Takes Shape Solana has gained over 40% since last Monday, sparking renewed bullish sentiment and opening a debate among analysts and traders: is this the start of a sustained move higher, or will SOL consolidate around current prices? After weeks of persistent selling pressure, Solana has finally seen a wave of buying interest, bouncing strongly from a $95 low. This bounce marks one of the most aggressive reversals among major altcoins during the recent market correction. The surge came shortly after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. The announcement sparked relief rallies across risk assets, with Solana among the top beneficiaries. Big Ched’s analysis reveals that Solana triggered a long thesis after successfully reclaiming the $125 resistance level. This move is seen as a breakout confirmation, suggesting that a bullish structure may now be forming. However, global tensions and trade war fears continue to inject uncertainty into financial markets. For Solana, holding above the $120–$125 support zone will be key in determining whether the recent bounce has staying power—or if further consolidation is in store. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year Price Holds Above Key Moving Averages: Crucial Resistance Awaits Solana (SOL) is trading at $131 after finally breaking above the 4-hour 200 Moving Average (MA) and Exponential Moving Average (EMA), which sat around $125 and $128, respectively. This move signals a potential short-term trend shift in favor of the bulls, who are now holding some advantage after reclaiming these critical technical levels. The breakout came on strong volume, reinforcing the bullish momentum that emerged from last week’s bounce off the $95 low. However, for the rally to continue and higher highs to form, SOL must maintain its position above the $125 level and push toward the next major resistance around $146. Reclaiming this level would strengthen bullish conviction and confirm a recovery rally in the broader trend. Related Reading: Solana Approaches $125 – Will 2-Level Filter Trigger A Long Signal? Despite the recent strength, risks remain. If Solana fails to hold above $125, the bullish setup could unravel quickly, and the price may revisit the $100 demand zone. With global market volatility still elevated due to ongoing macroeconomic tensions, traders are watching this support-resistance range closely to determine whether SOL can sustain upward momentum or return to consolidation. Featured image from Dall-E, chart from TradingView 

Solana (SOL) is facing significant selling pressure and struggling to hold key support levels as the entire crypto market remains under stress. Bulls have lost control, with SOL plunging over 37% since the start of March, reflecting the broader market’s risk-off sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn isn’t limited to crypto—trade war fears and macroeconomic uncertainty have pushed the crypto and U.S. stock markets to their lowest levels since late 2024. With investor confidence deteriorating, SOL remains in a vulnerable position, failing to reclaim critical price levels. Despite the recent weakness, some analysts see potential for a turnaround. Top analyst Ali Martinez shared insights on X, highlighting that Solana is forming a textbook cup-and-handle pattern, a bullish technical formation that could lead to a breakout. If this pattern plays out, SOL could reclaim higher price levels, reversing some of its recent losses. For now, Solana must overcome key resistance levels before confirming a bullish trend. If market conditions improve, SOL could see renewed momentum, but failure to hold current support could result in further downside. The next few weeks will be critical in determining Solana’s short-term direction. Solana Bullish Setup Hints at a Potential Breakout Solana is currently trading below the $130 mark, struggling to establish a foundation for a recovery phase. The broader market downturn continues to weigh heavily on SOL, with volatility and speculation driving short-term price action. With bears still in control, Solana’s direction remains uncertain, and short-term sentiment remains bearish. Despite the recent decline, many investors remain hopeful that SOL is poised for a significant recovery once the broader market starts trending upward. Optimism comes from historical patterns, where Solana has shown strong comebacks following extended periods of selling pressure. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? Martinez’s long-term technical analysis on X highlights that Solana is forming a textbook cup-and-handle pattern, a bullish formation that often precedes major breakouts. SOL could potentially surge to $3,800 if price action confirms this pattern, marking an astonishing 2,900% gain from current levels. The next few days will be crucial as Solana and the broader crypto market attempt to establish local lows and build momentum for a potential rebound. If market sentiment shifts and key resistance levels are reclaimed, SOL could be one of the top performers in the next primary bullish phase. Price Struggles Around $125 Solana is currently trading around $125, facing resistance at the $130 level after multiple failed attempts to reclaim it. With bears still in control, SOL remains under selling pressure, and bulls must act quickly to avoid further declines. For a recovery to take shape, SOL needs to break above the $130 mark and push toward $150. If bulls manage to reclaim this key level, it will signal renewed buying strength, potentially setting the stage for a larger recovery rally. A move past $150 could shift market sentiment and open the door for higher price targets. However, if SOL fails to hold the current demand, a further downside is likely. A drop below $125 could send the price toward lower support levels between $100 and $105, a zone where buyers may step in to stabilize the price. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The next few trading sessions will be crucial in determining whether SOL can regain momentum or if further selling pressure will drive it lower. Investors are closely watching key resistance and support levels, as short-term direction remains uncertain amid broader market weakness. Featured image from Dall-E, chart from TradingView

Solana (SOL) has been navigating extreme volatility as the broader market shifted from bearish to bullish within hours yesterday. After experiencing a sharp 25% decline from its all-time high (ATH) in less than two weeks, SOL tested a crucial demand level and is now making an attempt to recover lost ground. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level Investors remain divided on whether Solana has bottomed or if another pullback is on the horizon. However, early signs suggest buyers are stepping in, defending key technical levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has successfully retested the 25-day EMA and RSI midlevel, both of which have historically acted as strong support during bullish trends. Following this retest, SOL bounced straight into key resistance, signaling a potential reversal if bulls maintain momentum. For Solana to confirm its recovery, it must break above resistance and sustain its move higher. If successful, SOL could resume its bullish trend, potentially reclaiming recent highs. However, failure to break key levels could lead to further consolidation or even another leg down. The coming days will be crucial in determining Solana’s next major move. Solana Surges 8% As Market Reacts To Fed Meeting Solana has bounced back strongly, surging 8% from local lows on Wednesday as the entire market reacted positively to the Federal Reserve meeting. Investors and analysts are now shifting their focus to a bullish outlook, anticipating a strong performance for crypto throughout the year. With sentiment improving, SOL is once again positioning itself as a market leader, aiming to reclaim key price levels and push toward new highs. Top analyst Jelle shared a technical analysis on X, highlighting Solana’s recent retest of the 25-day EMA and RSI midlevel, both of which have historically acted as crucial support zones. After confirming these levels, SOL bounced straight into key resistance, signaling a potential breakout if momentum continues. Jelle emphasized that for Solana to “look great again,” it must reclaim the $240 level. However, he also cautioned that “resistance is resistance” until a clear breakout occurs. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? As the broader market tries to push higher, Solana is leading the way with strong technical formations and renewed bullish momentum. If bulls successfully push past resistance, SOL could retest its all-time highs and enter price discovery once again. The coming days will be pivotal in determining whether Solana confirms its next major uptrend. Solana Price Holds Strong at $240 Solana (SOL) is currently trading at $240 after successfully testing the $220 level as support. The price appears ready to bounce, but key resistance levels must be reclaimed to confirm a short-term trend reversal. For bulls to maintain momentum, SOL must break above $240 and $260, two critical resistance zones that have capped upward movement in recent days. If Solana clears these levels with strength, a surge above all-time highs (ATH) will be imminent, setting the stage for price discovery. On the bearish side, losing the $220 mark would signal weakness, potentially leading to further downside and deeper consolidation. The broader market remains volatile, and SOL must hold above key support levels to sustain its bullish trajectory. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? For now, Solana remains well-positioned to push higher, but investors will be watching closely to see if it can reclaim resistance and confirm a breakout. The next few days will be crucial in determining whether SOL resumes its uptrend or faces another test of demand levels. Featured image from Dall-E, chart from TradingView

Solana has seen a price drawdown of around 12% during the past day, but if this pattern is to go by, there could be more decline on the way. Solana Has Seen A Crash Over The Last 24 Hours The cryptocurrency sector as a whole has plummeted during the past day, with Solana not being spared as its price has also gone through a notable decline. Below is a chart that shows how SOL’s recent performance has looked. From the graph, it’s visible that Solana has suffered a steep plunge of almost 12% in this period, which is worse than many other top cryptocurrencies. Bitcoin (BTC), for instance, has seen a decline of around 5%. Related Reading: Bitcoin To $181,000? Mayer Multiple Reveals When BTC Will Become ‘Overbought’ Following this crash, Solana is now back at the $227 level. The asset has seemingly paused its fall for now, but it’s possible that it would resume soon. SOL Has Breached Under Its Symmetrical Triangle In a post on X earlier in the day, analyst Ali Martinez discussed about a Symmetrical Triangle that Solana had been trading inside. The “Symmetrical Triangle” here is a pattern from technical analysis (TA) that forms when the price of an asset consolidates between two trendlines of a roughly equal and opposite slope. The upper line of the triangle connects together lower highs in the price, while the lower level joins higher lows. As the asset travels inside the pattern, its range gradually converges on the midpoint line. Like other TA patterns, the upper level of this pattern is likely to provide resistance to the asset. Similarly, the lower line can help the cryptocurrency to reach a bottom. A break out of either of the trendlines can imply a continuation of trend in that direction. That is, a break above the triangle is a bullish signal, while a fall under it can lead to a bearish outcome. The Symmetrical Triangle is just one possible type of triangular-shaped formation that an asset can display. Two other popular ones are the Ascending and Descending Triangles, which occur when one of the trendlines is parallel to the time-axis (the upper one in the case of the former and the lower one for the latter). Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that the 1-hour price of Solana had been stuck inside over the past week: From the graph, it’s visible that Solana was approaching the apex of the triangle when Martinez had made the post. As the consolidation becomes narrower, a breakout can become more probable to occur, which appears to be just what has happened with SOL in the hours since. The height of this triangle was equal to a swing of around 20%. Usually, Symmetrical Triangle breakouts are of the same degree as the height of the pattern, so the analyst had noted that SOL could be primed for a 20% move. Related Reading: Bitcoin Shark Wallets Set New Record: Bullish Foreshadowing For 2025? While a breakout does seem to have occurred for Solana, it hasn’t yet elongated to this scale. It now remains to be seen whether the pattern would hold for the asset or not. Featured image from Dall-E, charts from TradingView.com

Solana (SOL) showcased massive volatility over the weekend, delivering a rollercoaster ride for traders and investors. On Sunday, SOL reached a new all-time high of $295, marking a significant milestone in its bullish trajectory. However, the celebration was short-lived as the price swiftly retraced over 20% to hit the $229 mark, causing concern among market participants. Yet, in a testament to its resilience, Solana bounced back strongly, climbing to $272 and reigniting bullish sentiment. Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight Top analyst Jelle provided valuable insights into Solana’s price action, highlighting the significance of key levels turning into support. According to Jelle’s technical analysis, SOL’s ability to reclaim and hold these crucial levels is a strong indicator of continued bullish momentum. The bounce from $229 demonstrates robust demand, suggesting that Solana is well-positioned to resume its upward trend. As Solana continues to trade within striking distance of its all-time high, market participants are closely watching for signs of sustained strength. With key support levels intact and bullish sentiment building, SOL appears poised for further gains in the coming days. The question now is whether Solana can maintain this momentum and break through new barriers as it cements its place as one of the top-performing assets in the market. Solana Prepares For A Move Solana is poised for its next big move as the cryptocurrency market gains momentum ahead of President-elect Donald Trump’s inauguration. Today marks the beginning of a new chapter for crypto, with expectations of pro-crypto policies fueling bullish sentiment across the board. As Bitcoin (BTC) hits new all-time highs, Solana is positioning itself to capitalize on the market’s upward trajectory. Top analyst Jelle recently shared a technical analysis on X, highlighting Solana’s impressive resilience in the face of recent volatility. According to Jelle, key levels have turned into support, signaling a strong foundation for SOL’s next leg higher. While bullish momentum builds, Jelle cautioned that more “violent moves” could occur before Solana fully takes off, emphasizing the need for investors to remain vigilant. Solana has been no stranger to extreme price swings in recent weeks, reflecting its growing demand and increasing role as a leading blockchain platform. Despite the turbulence, SOL continues to push above crucial levels, reinforcing confidence among traders.  Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? With market sentiment heating up and technical indicators aligning, Solana appears ready to ride the wave of optimism sweeping the crypto space. If support levels hold and the broader market rally continues, SOL could be gearing up for another significant surge, solidifying its status as a key player in the ongoing crypto revolution. Volatility Driving The Price Solana is currently trading at $264, testing its previous all-time high (ATH) set in late November. This critical level has become a focal point for traders, as SOL’s price action suggests it is ready to push higher and set new records. Over the past two days, SOL has been trading within a range of $229 to $295, reflecting significant volatility that has both challenged and energized the market. The recent price swings highlight the growing interest in Solana as volatility continues to drive trading activity. Despite the fluctuations, SOL has demonstrated remarkable resilience, bouncing back quickly from sharp dips and maintaining its bullish trajectory. The entire cryptocurrency market’s upward momentum is further fueling optimism, with Solana positioned to capitalize on this broader trend. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? As the price consolidates near its previous ATH, investors are closely monitoring key levels for signs of another breakout. If SOL can maintain its momentum and break above $295, it will enter price discovery, a phase that often leads to rapid gains and new highs. With market sentiment overwhelmingly positive and technical indicators aligning, Solana looks poised to keep pushing higher, solidifying its reputation as a top-performing asset in the crypto market. Featured image from Dall-E, chart from TradingView.

Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has broken out of its prolonged downtrend. According to Jelle, SOL has successfully reclaimed crucial monthly and weekly support levels, indicating a significant move could be on the horizon. These levels, often considered key benchmarks for long-term stability, suggest that Solana’s recent gains may be more than just a temporary bounce. If Solana can sustain this momentum, it may not only recover from recent losses but also pave the way for further gains, potentially outperforming other major altcoins. As technical indicators align with market enthusiasm, Solana could be gearing up for a breakout rally that captures the spotlight. Solana Set To Enter Price Discovery Phase Solana (SOL) emerged as one of the top market performers in 2024, posting an impressive surge of over 170%. This stellar performance cemented its position as a market leader and highlighted its resilience and growth potential within the crypto space. As 2025 unfolds, optimism surrounding Solana remains high, with many investors anticipating significant gains in the coming months. The momentum appears to be building already, as Solana begins the year with a potential breakout. Renowned analyst Jelle recently shared insights on X, pointing out that SOL has successfully broken out of the downtrend that had restrained it since late November. Moreover, Solana has reclaimed both monthly and weekly support levels—crucial milestones indicating that the asset has regained its bullish footing. According to Jelle, the price action for Solana is “super clean,” suggesting that the cryptocurrency is well-positioned for higher valuations. Jelle’s initial target for SOL is set at $330, a level that would not only mark a significant recovery but could also push Solana into a price discovery phase. This phase typically sees heightened market interest and volatility as traders and investors recalibrate expectations for the asset’s long-term value. With technical indicators and market sentiment aligning, Solana appears poised to capitalize on its upward trajectory. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours If Solana sustains this bullish momentum, it could continue to dominate headlines as a top-performing asset in 2025. As anticipation builds for further upside, traders and investors are closely monitoring key levels, knowing that the cryptocurrency’s next big move could redefine its role in the broader crypto ecosystem. SOL Testing Crucial Supply Around $220 Solana (SOL) is currently trading at $218, approaching a critical level that could determine its next major move. The price is on the verge of setting a new local high above $222, a significant resistance point. Breaking through this level would signal a strong bullish continuation, setting the stage for massive price appreciation and the potential to reclaim its all-time high (ATH). Analysts believe that if SOL clears the $222 mark and maintains its momentum, the next key level to watch is $250. Reclaiming and holding $250 as support would pave the way for Solana to enter uncharted territory, pushing its price into a new all-time high and potentially beginning a price discovery phase. This development would further solidify Solana’s position as a market leader and attract increased investor attention. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ However, failing to surpass the $222 resistance or reclaim the $250 level could lead to a consolidation phase. Such a pause in price action might delay Solana’s rally but could also provide a foundation for renewed momentum in the future. With market participants closely monitoring these levels, Solana’s price movements in the coming days will be pivotal in determining whether the cryptocurrency embarks on its next major leg up or enters a temporary holding pattern. Featured image from Dall-E, chart from TradingView

Solana has captured the spotlight this week with its volatile price action, demonstrating resilience amidst market uncertainty. After dropping to a low of $168, SOL surged over 22% to reach $207, signaling renewed strength and bullish momentum. This impressive recovery has reignited optimism among investors and analysts alike, many of whom now anticipate a swift recovery and a potential bullish rally. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Top analyst Jelle has shared a compelling technical analysis, highlighting that the “Solana season” may be on the verge of a major comeback. According to Jelle, Solana’s recent price movements indicate a significant shift in market structure. The downtrend appears to have flipped, with key resistance levels now acting as support. This critical development could pave the way for further upside in the coming days. As Solana continues to lead the charge among altcoins, its ability to maintain and build upon this momentum will be closely watched. With analysts predicting a strong recovery and investors eyeing new opportunities, all eyes are on SOL to see if it can sustain this bullish trajectory and reclaim its status as a top-performing asset in the market. Bullish Breakout And Sentiment Shifts Solana has shown remarkable strength in recent days, pushing above critical supply levels after enduring weeks of selling pressure. While the broader market remains volatile, Solana has managed to inspire confidence among investors and analysts, thanks to its steady climb. However, the asset still faces a significant challenge: reclaiming the local high around $220. Achieving this milestone could set the stage for a bullish rally into uncharted price territory. Top analyst Jelle recently shared an optimistic technical analysis on X, emphasizing the dramatic shift in Solana’s market structure. According to Jelle, the downtrend that defined Solana’s recent performance has officially flipped, with key resistance levels now acting as solid support. This critical development is a bullish signal for Solana’s prospects, reinforcing the idea that the asset is nearing the end of its consolidation phase. Jelle highlighted that one final hurdle remains before Solana can enter price discovery: breaking decisively above the $220 mark. If bulls can overcome this obstacle, the potential for a massive rally becomes highly likely. The sentiment surrounding Solana is increasingly positive, with many investors echoing Jelle’s sentiment that “Solana season” is on the horizon. Related Reading: Bitcoin Rebounds Above $97K Ahead Of CPI Release – What To Expect As Solana positions itself for a breakout, market participants are closely watching its ability to sustain momentum. If Solana successfully reclaims $220 and establishes it as support, a surge into new all-time highs could follow. With sentiment turning bullish and technical indicators aligning, Solana is gearing up to regain its status as one of the most exciting assets in the cryptocurrency space. Bulls Eye $222 As Momentum Builds Solana is trading at $209 following a bullish performance on Wednesday, signaling renewed confidence in the market. The cryptocurrency has demonstrated impressive resilience, steadily climbing after recent lows and holding key levels of support. With bullish momentum picking up, Solana is positioned to challenge higher resistance levels in the coming days. The immediate target for bulls is reclaiming the $222 mark, a significant level that could determine the trajectory of Solana’s next move. Successfully breaking above this price and converting it into support would confirm the continuation of the bullish trend. This would also set the stage for Solana to target its all-time high (ATH), a psychological milestone for both traders and long-term investors. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Analysts suggest that once Solana crosses the $222 level, the surge to ATH could happen rapidly. Market sentiment remains optimistic, with many participants expecting Solana to lead a new wave of upward momentum in the altcoin space. If the price continues to hold key support levels and bulls maintain control, Solana is poised to regain its status as one of the market’s top-performing assets. For now, all eyes are on $222 as the next critical step in Solana’s bullish journey. Featured image from Dall-E, chart from TradingView

The crypto market showed signs of life yesterday after enduring weeks of persistent selling pressure, with many assets starting to recover. Solana, one of the top-performing cryptocurrencies, joined the rally, surging over 10% in just 24 hours. This upward momentum is sparking renewed optimism among investors, with hopes that the market may be shifting toward a more bullish trend. Related Reading: Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead? Top analyst Jelle has weighed in on Solana’s recent price action, sharing a detailed technical analysis on X. According to Jelle, Solana’s next key hurdle is the $210 level. If SOL manages to reclaim this zone as support, the path to new all-time highs could quickly follow. This level represents a significant resistance point, making it a pivotal area to watch in the coming days. The market’s recent turnaround has brought fresh attention to Solana, as its technical setup positions it as a leader in this recovery phase. Investors closely monitor price action, eager to see if it can maintain the current momentum. As the broader market awakens, Solana’s next move could set the tone for its performance in the weeks ahead. Solana Showing Strength Solana has demonstrated notable resilience amid recent market turbulence, holding firm above the critical $180 level. This price point, which once posed significant resistance, has now flipped into robust support, underscoring Solana’s relative strength. As the broader crypto market begins to show signs of renewed optimism, Solana appears well-positioned for a significant upward move. Top analyst Jelle recently provided an encouraging technical analysis on X, highlighting Solana’s bounce from key levels. According to Jelle, SOL successfully retested both its trendline and horizontal support before rebounding sharply. This technical setup suggests that the asset is gearing up for a larger breakout. The next critical target lies at $210—a key resistance zone. Should Solana reclaim this level and consolidate above it, the door to new all-time highs would likely open. This bullish outlook is echoed by several analysts and investors who are closely watching Solana’s price action. Many believe that once SOL clears $210, its path to surpassing its previous highs will be swift and decisive. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Solana’s strong fundamentals, combined with its recent price performance, have made it a standout in the current market recovery. If momentum continues to build, Solana could become a leader in the next bullish phase, breaking its all-time high in record time. Technical Analysis: Key Levels   Solana (SOL) is trading at $207, showcasing remarkable strength following a clean bounce from the 200-day EMA at $175 on December 23. This bounce was pivotal, as holding the 200-day EMA confirmed a bullish price structure, ensuring that buyers regained control after weeks of market uncertainty. The successful defense of this critical level has positioned Solana as one of the most promising assets for an imminent breakout. Now trading above $200, Solana is on the cusp of testing its all-time high (ATH). If bulls can maintain momentum and reclaim the $230 mark, the subsequent move is expected to be aggressive. Analysts and traders are closely monitoring this level as it could act as the final resistance before SOL ventures into uncharted price territory. The bullish momentum is further bolstered by Solana’s strong fundamentals and its ability to hold key support zones amid broader market volatility. A breakout above $230 would likely attract fresh capital, fueling a rally that could redefine its long-term trajectory. Related Reading: Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead? While challenges remain, particularly with market-wide sentiment still finding its footing, Solana’s recent price action strongly indicates that a massive move is on the horizon, potentially taking it beyond its previous ATH in record time. Featured image from Dall-E, chart from TradingView

Solana (SOL) finds itself at a critical juncture as it tests demand at a price level that previously acted as key resistance. Since late November, SOL’s price has been in a retrace, dampening the hype surrounding the cryptocurrency. The prolonged decline has left investors uncertain about the next move for Solana, with many questioning whether it can regain its bullish momentum. Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon Top analyst Jelle recently shared a technical analysis on X, shedding light on Solana’s current setup. According to Jelle, Solana has formed a falling wedge pattern—a classic bullish formation—into what was once a critical resistance level. The price has confirmed this level as support, providing a potential foundation for a significant rally in the near term. If the support holds, it could reignite bullish sentiment and position Solana for another strong run. However, a failure to sustain this level may signal further downside, potentially eroding confidence in its long-term trajectory. As Solana navigates this pivotal moment, all eyes are on whether it can reclaim its former glory and capitalize on the momentum. Solana Finding Fuel To Take Off Solana has experienced a 23% retrace from its local high of $264, set on November 22. Despite this decline, the cryptocurrency is holding firm above the $210 level, a crucial support zone that has analysts optimistic about a potential rally to new all-time highs. The resilience shown by SOL at this level suggests that bullish momentum may be building as the price consolidates. Top analyst Jelle recently shared his insights on X, highlighting a bullish technical setup for Solana. According to Jelle, SOL has formed a falling wedge pattern, a structure often indicative of an upcoming breakout. Importantly, the wedge aligns with a key resistance level that has now been confirmed as support, strengthening the case for further upward movement. Jelle also points out that Solana has formed its first higher low during this retracement, a potential signal that the asset is poised to resume its bullish trend. He believes Solana could re-enter price discovery before Christmas, forecasting a target of $300 in the coming days. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? However, risks remain, particularly if the consolidation phase continues for longer than expected. Should SOL fail to break out decisively, it could struggle to regain the upward momentum necessary to challenge new highs. For now, Solana’s ability to hold above $210 will be critical in determining its next move. Testing Reactive Demand Solana finds itself at a critical turning point, trading at $216 and holding firm above the $210 mark—a level that once acted as significant resistance. This key support level now plays a pivotal role in determining whether SOL can ignite a historic rally. The current price action reflects growing optimism among investors, with many anticipating that staying above $210 for just a few days could trigger a sharp recovery. Analysts suggest that if SOL maintains its foothold above this critical level, a swift move toward $250 would likely follow. Such a recovery would position Solana to regain its bullish momentum and potentially challenge its all-time high (ATH). While this scenario might seem ambitious, SOL has previously demonstrated its capacity for rapid upward moves during similar conditions. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? A strong confirmation of support at the $210 level could attract fresh buying interest, creating the foundation for the next leg of its rally. With momentum on the horizon, the coming days will be critical in determining whether Solana can make history and aim for unprecedented price levels. Featured image from Dall-E, chart from TradingView

Solana (SOL) is trading just 6% below its all-time highs, fueled by a remarkable 16% surge from the $212 demand level. The rally has caught the attention of traders and investors alike, as SOL’s price action showcases a strong uptrend.  Top crypto analyst Johnny shared his technical analysis on X, predicting that Solana may retrace to its previous yearly highs before launching a new attempt to break its all-time highs. This forecast comes during a period of euphoria, with SOL delivering a stunning performance by soaring over 55% in less than two weeks.  Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target The rapid climb has positioned Solana as one of the market’s standout assets, driven by increasing demand and strong fundamentals. However, Johnny’s outlook suggests a healthy pullback could be on the horizon, potentially offering a key buying opportunity before SOL challenges its historic price levels. With SOL’s recent performance reigniting optimism in the crypto space, all eyes remain on its ability to maintain strength in the face of potential volatility. Will Solana defy expectations and reach new heights, or is a cooldown inevitable? Solana Testing Critical Supply Level Solana is testing a critical supply level just below $250, following a significant surge that has propelled it closer to its all-time high (ATH). This level serves as a key battleground, marking the last stronghold for sellers before SOL enters price discovery—a phase where it could carve out new highs. Crypto analyst Johnny recently shared his perspective on X, highlighting that while Solana’s price action remains robust, a temporary retrace to lower levels may be necessary to gather momentum.  According to his technical analysis, SOL could dip into the $220 demand zone, a level he sees as crucial for buyers to step in and refuel the rally. Johnny predicts that Solana could stage a strong recovery from there, targeting an aggressive move above its ATH at $260. Solana’s bullish momentum cannot be ignored despite the possibility of a retrace. The asset’s price action suggests a 6% surge above its ATH is well within reach if market conditions remain favorable. Continued strength in the broader crypto market could amplify buying pressure, helping SOL shatter its ATH and enter uncharted territory. Related Reading: Bitcoin Demand Outpaces Supply – On-Chain Metrics Reveal Low Seller Volume For now, all eyes are on Solana’s ability to navigate this supply zone. A successful breakout could pave the way for new highs, while a retrace to $220 might provide an ideal launching pad for the next leg of its rally. Either way, SOL’s trajectory highlights its growing prominence in the market as traders anticipate its next big move. Price Action Details   Solana is trading at $242, holding steady after a few days of consolidation below the $250 mark. This level represents a critical resistance as SOL inches closer to its all-time high (ATH). Despite this pause, the price action remains robust, supported by the broader bullish sentiment across the crypto market. However, SOL’s ability to break above $250 will be a key factor in determining its next move. A successful push beyond this level could set the stage for a retest of its ATH and potentially a rally into price discovery. Conversely, if SOL fails to overcome this resistance, a retrace to lower demand zones becomes likely. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation In this scenario, the next logical support level to watch would be around $222, where buyers could step in to reignite momentum. Should the retrace extend further, SOL might revisit previous yearly highs at $210, a critical level that proved significant for price action. Featured image from Dall-E, chart from TradingView

Solana (SOL) has captured the market’s attention after a series of volatile days, finally breaking above the $225 mark to reach new yearly highs. Currently trading at $235, Solana sits just 10% below its all-time high, sparking excitement among investors and analysts alike.  Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation Top analyst Ali Martinez recently shared a chart highlighting Solana’s potential for further upside. According to Martinez, the price is targeting the $250 level, which represents a critical supply zone. A successful breakout above this level could pave the way for Solana to challenge its all-time high, igniting a wave of bullish sentiment across the market. The next few days are shaping up to be crucial for Solana as it tests the resilience of its upward trajectory. Bitcoin’s bullish performance is also fueling optimism across the market, further supporting Solana’s price action. The recent breakout signals growing bullish momentum as Solana continues to outperform many other altcoins in the crypto market. Solana About To Enter Price Discovery Solana is on the verge of entering price discovery after successfully confirming a breakout above the critical $225 resistance. This pivotal move has reinforced bullish sentiment, with many analysts predicting an imminent surge to new all-time highs. As Solana breaks through key supply levels, its strong price action has positioned it as one of the most promising assets in the current market cycle. Martinez shared his technical analysis on X, emphasizing the significance of this breakout. According to Martinez, Solana appears to be entering a bullish phase, and this recent surge is just the beginning of a much larger upward trend.  He identified $250 as the next target for Solana, which lies just below the all-time high of $259 set in November 2021. Martinez suggests that reaching these levels could ignite a sustained rally, pushing Solana into price discovery territory. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target The confirmation of the $225 breakout signals growing demand, driven by both institutional interest and broader market optimism. If Solana successfully tests and holds above the $250 mark in the coming days, it could trigger a domino effect, paving the way for further bullish momentum. Entering price discovery would likely attract significant buying pressure, driving Solana to uncharted territory and establishing new highs. Bullish Price Action: SOL Levels To Watch  Solana is trading at $236, clearing yearly highs and setting a new local high just 10% below its all-time high (ATH). The price surged 9% today, signaling strong bullish momentum and renewed investor confidence in Solana’s upward trajectory. Bulls appear to be in full control of the price action, with demand driving significant upward pressure. To sustain this breakout and maintain its bullish momentum, SOL must hold above the $225 mark in the coming days. This level is now a crucial support zone that validates the recent breakout and sets the stage for Solana to challenge its ATH. A successful retest and hold above $225 would likely pave the way for SOL to continue its climb toward new record highs. Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs However, if SOL fails to maintain this critical level, a period of sideways consolidation could ensue. Such a consolidation phase would not necessarily indicate weakness but rather a healthy pause, allowing the market to absorb recent gains before resuming its upward trend. In this scenario, bulls would still have the opportunity to reclaim control and propel SOL to new highs after establishing a stronger foundation. For now, all eyes are on Solana as it inches closer to price discovery and potential new ATHs. Featured image from Dall-E, chart from TradingView

Solana has experienced a turbulent few days, with its price fluctuating between yearly highs at $225 and local lows at $200. This volatility has sparked significant interest among traders and investors as Solana tests key levels critical to its next move.  Top analyst and macro investor Carl Runefelt has weighed in with a technical analysis, suggesting that a decisive break above the $225 resistance level could ignite a rally toward $246. According to Rubefelt, this level represents a pivotal threshold, and surpassing it may lead to accelerated bullish momentum. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target The broader crypto market adds another layer of intrigue, with Bitcoin once again nearing its all-time high. Historically, Bitcoin’s movements have fueled market-wide rallies, and its current trajectory could provide the momentum needed for Solana to break out of its range and achieve new highs. As traders closely monitor both Solana’s and Bitcoin’s price action, the coming days will likely set the tone for the next chapter in this bullish cycle. Will Solana leverage market strength to surge past $225, or will resistance hold, leading to further consolidation? The unfolding narrative promises to be crucial for altcoin enthusiasts and market participants alike. Solana Testing Crucial Supply  Solana is consolidating below critical supply levels that could act as a launchpad for testing its all-time high at $258. Currently trading in a tight range, Solana’s price action reflects indecision as traders and investors anticipate the next big move.  According to key analyst Runefelt, the altcoin is positioned for a breakout. Sharing his technical analysis on X, Runefelt outlined a potential 12% surge, targeting the $246 resistance level—a crucial hurdle before Solana can challenge its historical peak.   Breaking above this level would signal strong bullish momentum and likely set the stage for a rally to new all-time highs. However, for this scenario to play out, Solana must not only breach current levels but also hold them as support. Consolidation above these key thresholds would reinforce confidence among market participants and attract more demand, further fueling upward momentum. Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs The broader market’s movements, particularly Bitcoin nearing its all-time highs, add another layer of significance. If Bitcoin sustains its bullish trajectory, it could provide the necessary tailwind for Solana to break through its consolidation phase. The coming days will be crucial in determining Solana’s direction. A breakout to the upside could solidify its place as a leading altcoin this cycle, while failure to hold above current levels might delay the rally. Key Levels To Watch  Solana (SOL) is currently trading at $219 after four days of sideways consolidation just below the critical $225 resistance level. This consolidation reflects a market waiting for a decisive breakout as traders eye the next move. Holding above the $200 demand level remains essential for confirming the bullish outlook. This support has acted as a foundation for Solana’s recent uptrend, and a failure to maintain it could signal weakness and open the door for further downside. Breaking and holding above the $225 resistance, however, is pivotal to affirm Solana’s bullish trend. This level serves as a psychological barrier and the bears’ last stronghold, with many likely to take profits or initiate shorts. If Solana can overcome this resistance, it could set the stage for an aggressive rally to all-time highs, effectively ending selling pressure. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% A decisive breakout above $225 would not only signal bullish strength but also create a domino effect, attracting new buyers and fueling momentum. Such a move could lead to a sharp climb, putting SOL on track to challenge its $258 all-time high and potentially set new records. In the coming days, all eyes will be on Solana’s ability to reclaim key levels and build on its bullish momentum. Featured image from Dall-E, chart from TradingView

Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solana’s strong position within the market, as investors watch for signs of a further breakout.  Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solana’s chart to Bitcoin’s historical price movements, suggesting that Solana’s next breakout may be imminent. Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% As the market reaches new highs, Solana’s ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors. In the coming days, Solana’s price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move.  With the broader crypto market reaching unprecedented levels, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory. Solana Preparing For A Rally Solana appears poised for a significant rally, having broken out of an 8-month accumulation phase that began in March. This critical development has caught the attention of top analyst and trader Inmortal, who shared an analysis on X, comparing Solana’s recent chart patterns to those of Bitcoin. His technical perspective suggests that Solana mirrors Bitcoin’s past price movement and could be on the cusp of a substantial surge. Following its break above the yearly high of $210, Solana’s next target is likely to be its all-time high of $258. This level is viewed by many as a critical resistance, and a successful test could pave the way for even greater price gains. The breakout from such an extended accumulation phase has bolstered confidence in Solana’s bullish structure, and the market is closely watching for signs of sustained momentum. The timing of this potential move is also strategic. As Bitcoin consolidates just below its all-time high, a period of stability could provide the perfect window for altcoins, particularly Solana, to gain traction. This pause in Bitcoin’s rally allows liquidity to shift toward other strong projects, positioning Solana well for a possible continuation of its upward trend. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details The next few days will be pivotal for Solana as traders look to see if it can sustain support above $210. If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the market’s current bull phase.  SOL Testing Last Supply Levels Before ATH Solana is currently trading at $220, having broken its yearly highs, yet it’s now encountering some volatility as traders assess the next move. With SOL just 17% away from its all-time high of $258, many are watching closely to see if it can sustain this momentum without giving traders any lower entry points. The $210 support level is particularly crucial in the coming days. If SOL fails to hold above this mark, a short-term correction could drive prices lower, potentially offering some breathing room for buyers looking to enter before the next rally. However, should SOL remain steady above $210, the likelihood of a rapid push to new highs becomes even stronger, as it signals ongoing bullish strength in a market eager for upward movement. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs As Solana continues to consolidate at these elevated levels, a decisive break could ignite a swift rally, drawing in both retail and institutional interest. Traders are preparing for either outcome: a brief correction as a buying opportunity, or a breakout that takes Solana into uncharted territory, setting new highs and reaffirming its place among top-performing altcoins this cycle. Featured image from Dall-E, chart from TradingView

Solana (SOL) has seen a massive 35% weekly surge to a new year-high of $220, closing last week above levels not since in nearly three years. As the cryptocurrency soars and whales accumulate, some market watchers suggested SOL is poised to fly to new levels soon. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs Solana Hits Three-Year High Price Solana has been one of the best-performing altcoins this bull run, seeing a massive surge in the past year. The cryptocurrency recently flipped Binance Coin (BNB) as the fourth-largest crypto by market capitalization after nearing the $190 price range last Wednesday. Since then, Solana has broken past the long-awaited $200 barrier and reached a $100 billion market capitalization, cementing its title as one of the cycle’s leaders. Moreover, SOL’s surge above $200 represented a breakout from a 34-week accumulation zone, which saw the token’s price move between the $210 and $110 range. SOL closed its massive week with a 35.6% jump above $215, recording the fourth-largest weekly close in the token’s history. Additionally, Solana hit a three-year high price, challenging November 2021 levels. SolanaFloor noted that SOL has seen a 291% increase in the past year, as the cryptocurrency was trading at $56 on November 11, 2023. The token has also seen a massive 1350% surge from its price two years ago when it fell as low as $10 after FTX’s collapse. Solana’s recent performance has fueled investor and market watchers’ bullish sentiment, with large-scale investors seemingly preparing for SOL’s new highs. According to On-chain data firm Lookonchain, whales have been accumulating the cryptocurrency. The post highlights that an investor has bought millions of dollars in SOL tokens since October 22. On Sunday, the whale purchased another 7,500 SOL, around $1.57 million, raising its total holding to 257,599 SOL, worth around $56.6 million at the time of writing. SOL’s Pathway To $260 Following SOL’s breakout, some crypto analysts suggested that Solana is about to hit a new all-time high (ATH). Market watcher CryptoHornHair asserted that the token will soon enter price discovery mode like Bitcoin (BTC). BTC is leading the crypto market’s rally, registering a staggering 23% weekly surge and hitting a new ATH of $84,929 today. The analyst stated that Solana has “no resistance to be found on SOL above $216 until new ATHs.” Altcoin Sherpa also noted that Solana is near ATH territory, suggesting that the $260 target is around the corner. Similarly, Rekt Capital pointed out that the token is “technically well-positioned to repeat history with a move to $260 over time.” Related Reading: Bitcoin Price Blasts Through $82,000: These Are The Key Reasons The analyst considers SOL’s “momentous weekly close” and retests of the old $202 resistance as support has primed Solana for a surge to the ATH resistance levels. Per the post, the last time SOL performed a weekly close like this, it rallied to $260. At the time of writing, Solana is trading at $219.56, a 6% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana has finally broken through a crucial resistance level that has kept the price subdued for months, sparking fresh optimism among investors. However, the breakout has yet to be confirmed, leaving room for excitement and caution.  Prominent analyst and investor Carl Runefelt recently shared a technical analysis on Solana, highlighting that the cryptocurrency is on the verge of breaking out from a massive bullish pattern. According to Runefelt, if the breakout holds, this setup can propel SOL toward a $300 target in the coming months. Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details The days ahead will be critical for SOL as market sentiment and trading volume determine whether this push is a sustained rally or a bull trap. For Solana to confirm this breakout, it must maintain its upward momentum and establish support above the previous resistance. Investors are closely watching these levels, as a failure to hold could lead to a retracement.  However, if SOL can solidify its position, it could begin a powerful rally toward new highs. The outcome will shape Solana’s trajectory as it attempts to secure a place among the top-performing assets in the crypto market. Solana Testing Crucial Supply  Solana is currently testing a critical supply level, a zone that will either drive SOL to new highs or send it back into consolidation. After pushing above the $185 mark—a key price level that now needs to hold as support—Solana is poised for a significant move.  According to top analyst Carl Runefelt, who shared his technical analysis on X, Solana appears to be breaking out from a massive Symmetrical Triangle, a well-known bullish chart pattern. In his view, a confirmed breakout above this level could trigger a rapid surge to $300, a move that he believes would “destroy bears” and reinvigorate bullish sentiment. However, the coming days will be crucial in determining Solana’s direction, especially as the Federal Reserve’s interest rate decision is set to be announced today. If the Fed signals a rate cut or maintains current rates, it could fuel the rally by boosting risk-on sentiment in the market. A favorable environment from the Fed could lead to increased buying pressure on SOL, pushing it beyond its recent highs. Related Reading: Massive Bitcoin Short Liquidations Send BTC Above ATH – Trump Win Sets A Bullish Environment Conversely, if the $185 level fails to hold, SOL might re-enter a consolidation phase, temporarily stalling the upward momentum. For now, all eyes are on the Federal Reserve’s decision and how it might impact broader market sentiment, which will play a critical role in determining whether Solana’s bullish trajectory continues. A successful breakout here would not only confirm strength but could set the stage for Solana to challenge $300 in the coming months. SOL Technical Analysis  Solana is currently testing the final resistance at $190, a crucial level that could pave the way for a challenge to its yearly highs around $210. For the bullish momentum to remain intact, SOL needs to break above and hold this level as support. However, achieving this may take several days as the market continues to digest the impact of Donald Trump’s victory and awaits the Federal Reserve’s decision on interest rates. If SOL fails to break above the $190 resistance, a consolidation phase between $180 and $190 could be healthy for price action. This range would allow the market to reassess and stabilize before making another attempt at breaking higher. However, it’s important that the price remains above the $180 mark during this consolidation. If SOL holds above this level, the uptrend can continue, with a potential push toward yearly highs. Related Reading: Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000? On the other hand, if the price drops below $180, it could signal a shift in momentum, putting the current uptrend at risk. For now, bulls must maintain control by keeping SOL above $180 while the broader market awaits the Fed’s decision, which could impact risk sentiment and Solana’s next move. Featured image from Dall-E, chart from TradingView

Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback. This critical level has held firm despite market volatility, and now all eyes are on Solana as it attempts to regain bullish momentum. With the U.S. election unfolding and the Federal Reserve’s interest rate decision just around the corner, this week promises to bring heightened volatility across the crypto market. Related Reading: Bitcoin Open Interest Dropped Significantly – Investors Cautions Amid US Election Week? Top analyst and investor Carl Runefelt has shared a technical analysis indicating that Solana must break above a key resistance level in the coming days to regain a strong uptrend. Runefelt notes that this resistance has kept the price in check, and a breakout likely leads to renewed optimism for SOL investors.  However, the risk of further downside remains if Solana fails to secure a position above this critical resistance. As these significant macro events unfold, Solana’s next moves will be closely watched, as breaking resistance could signal a larger rally in the near term. Solana Trading Within Bullish Pattern  Solana has been a standout performer in this cycle, showing resilience as it holds above a crucial support level that previously acted as resistance. This pivotal moment could determine Solana’s near-term trajectory as it battles to reclaim bullish momentum.  According to top analyst Carl Runefelt, who shared insights on X, Solana faces a critical test at a descending resistance level that has consistently capped its gains. Runefelt’s technical analysis, focused on the 2-hour SOL chart, highlights this resistance around the $164 mark.  He suggests a confirmed breakout above this level would likely propel Solana higher, signaling a return to bullish price action. However, there’s potential for sharp price swings this week, with the U.S. election and Federal Reserve interest rate decision creating an environment ripe for uncertainty and market manipulation. These macro events have the potential to significantly impact Solana’s movement, making the resistance break even more critical. Related Reading: Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target If Solana breaches this resistance and establishes support above $164, it could attract bullish sentiment, pushing the altcoin toward new local highs. However, failure to do so could lead to increased selling pressure and a risk of a retracement, especially if broader market volatility intensifies. As such, the upcoming days will be crucial for Solana’s path forward, with traders and investors closely monitoring this key level. SOL Price Action: Key Levels To Watch Solana (SOL) is trading at $161 after a recent bounce from local lows at $155. This move has established a strong support base of around $155, which has proven crucial in holding off further downside.  For bullish momentum to take hold, SOL now needs to clear the $165 resistance level, which would confirm the potential for upward price action. A sustained push above $165 could signal strength and encourage buyers, paving the way for further gains. However, a retracement is likely if SOL fails to break above this critical level. In this scenario, the price could fall back to the subsequent demand zone around $150, which aligns closely with the 200-day moving average (MA). The 200-day MA is a widely observed indicator and often acts as a strong support level in technical analysis, reinforcing the $150 zone as a potential floor. Related Reading: Solana Likely To Target $200 ‘If It Holds Current Support’ – What To Expect This consolidation phase places SOL in a pivotal position, with price direction largely dependent on its ability to overcome $165. As traders watch closely, this technical setup suggests that SOL’s next move will likely define its short-term trend, with $150 as a key fallback level if the bullish case doesn’t materialize. Featured image from Dall-E, chart from TradingView

Solana is showing strength as it pushes above the critical $171 level—a price that previously acted as supply and now serves as a solid demand zone. This level is relevant for bulls, as holding above could pave the way for a rally in the coming weeks. Crypto analyst and investor Carl Runefelt recently shared a technical analysis indicating that Solana’s current price action remains bullish as long as it sustains support above this mark.  Related Reading: Ethereum Whale Activity Spikes To 6-Week High – Smart Money Accumulation? Solana’s ability to turn former resistance into a support base reflects increased demand, which could act as a catalyst for further upward momentum. The market is closely monitoring these movements, and the next few days are expected to be crucial for Solana. If SOL maintains its trajectory above $171, it may spark optimism for an extended uptrend. Investors will likely keep a close eye on Solana’s price dynamics, as any shift below this level could alter the short-term outlook for one of crypto’s most promising assets. Solana Testing Liquidity Top investor Carl Runefelt recently shared his insights on X, highlighting the significance of Solana’s head and shoulders pattern. In his analysis, Runefelt noted that a successful neckline retest would confirm the bullish trend’s strength.  Runefelt’s chart analysis further indicates that as long as SOL remains above the neckline, bullish momentum is expected to persist, with his target price set at $202 in the short term. This potential upward movement has caught the attention of both investors and traders who are looking at the $202 level as an achievable target if the current bullish trend continues. Runefelt’s analysis underscores that the neckline acts as a critical support level—one that, if maintained, could drive strong buying interest. However, any break below this neckline could shift the momentum, potentially leading to a more cautious outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? With the head and shoulders structure forming, Solana’s price action will be crucial in the next few days. A successful retest of the neckline could fuel continued growth, possibly pushing SOL to new highs. SOL Price Action Solana (SOL) is trading at $172, steadily climbing as it targets a higher supply zone. To maintain this bullish momentum, SOL bulls need to push the price above the critical $180 resistance level. This $180 mark acts as a key resistance, and breaking it could potentially trigger a wave of FOMO (fear of missing out) buying, which would drive the price even higher. This psychological level may attract increased interest from traders who see a clear breakout as a signal for more gains. However, maintaining this bullish trend is essential. If SOL cannot maintain support above $171, a retracement to lower demand zones is likely. This move could bring SOL back to test support levels closer to previous lows, possibly slowing down the current momentum. Related Reading: Solana Breakout From Bullish Pattern Could ‘Send SOL To The Moon’ – Crypto Analyst For traders and investors watching closely, the next moves around the $171 and $180 levels are key indicators. A strong push past $180 could suggest continued strength in Solana’s price action. A drop below $171 would signal weakness, indicating a temporary pause or pullback in the recent rally. Featured image from Dall-E, chart from TradingView

Solana (SOL) has shown remarkable strength in recent weeks, surging by 32% over the past fifteen days. This impressive price action has positioned SOL as one of the top-performing assets, outpacing Bitcoin and many other altcoins.  Analysts and investors are increasingly optimistic about Solana’s potential, with many forecasting continued upward momentum in the weeks ahead. Notably, prominent investor Carl Runefelt recently shared a technical analysis on SOL, highlighting a breakout from a bullish pattern that could signal massive gains for the cryptocurrency. Related Reading: Number Of Bitcoin Bulls Increases As Funding Rate Shows Steady Growth – Details With this breakout, price action remains firmly bullish, indicating that the next major target for SOL is around the $185 level, where it will encounter local supply. If momentum holds, Solana could soon challenge this key resistance, further solidifying its place as a leader in the current market cycle. Solana Breaking Out Of Cup&Handle Pattern Solana is breaking out from a classic “Cup & Handle” pattern, often associated with strong bullish moves. This pattern has caught the attention of top analyst Carl Runefelt, who recently shared his technical analysis on X, indicating that Solana’s recent price action aligns with a breakout from a descending channel.  According to Runefelt, this setup signals that Solana could be ready for a significant upward move. He shared a chart with a potential price target of $370, suggesting a substantial 115% surge from current levels. Runefelt’s optimism stems from the Cup & Handle pattern, where the price consolidates after an uptrend and then forms a small dip (the handle) before breaking out. This pattern is known to attract strong buyer interest, representing a period of consolidation and momentum building.  However, while the breakout is promising, it may take some time to fully play out, as the entire crypto market appears to settle before its next significant move. Solana has consistently outperformed in this cycle, with price action and volume reflecting sustained investor interest.  Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally With Solana pushing through key resistance levels and establishing a solid foundation, the potential for a bullish continuation is high. If the breakout confirms and Solana’s momentum holds, the next weeks could see SOL pushing into new heights, solidifying its position as a top-performing altcoin and meeting investors’ bullish expectations for substantial gains ahead. SOL Testing Crucial Supply  Solana is trading at $171, maintaining a strong uptrend with a well-defined bullish structure over the past two weeks. This level represents a key demand zone that previously acted as resistance, signaling a potential for higher gains if the price holds steady. A continued hold above $171 would support further bullish momentum, potentially pushing SOL toward the next significant supply area at $185. However, should SOL lose the $171 support, a retrace to around $160 is likely. This level has been pivotal in the past weeks, serving as a strong resistance point that capped previous price attempts to rise, creating a solid foundation for renewed bullish interest. A move down to $160 wouldn’t necessarily break the overall uptrend but would offer an opportunity to consolidate before the next push higher. Related Reading: Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target As investors and traders watch these levels closely, the $171 mark will be an immediate gauge of strength. Holding above it keeps the uptrend intact, while a dip to $160 would still offer support for Solana’s longer-term bullish outlook. SOL’s resilience in these levels reflects the optimism surrounding the asset’s potential in the weeks ahead. Featured image from Dall-E, chart from TradingView

Solana (SOL) has been experiencing significant volatility and choppy price action since Monday, testing a crucial supply level that will determine its direction in the coming weeks. As the market continues to push higher, most analysts and investors are anticipating a potential surge for SOL, especially with the $160 resistance level appearing to weaken under recent upward pressure.  The crypto community is closely watching these developments, as breaking through this key resistance could lead to substantial gains for the altcoin. Related Reading: Bitcoin ETFs See $1.6B Inflows This Week – Is BTC Reaching A New ATH Soon? Top analyst and investor Carl Runefelt recently shared a technical analysis that paints an optimistic picture for Solana’s price action in the next few hours. According to Runefelt, the weakening resistance could pave the way for a breakout, with bullish momentum carrying SOL to higher targets.  While the market remains volatile, confidence in Solana’s ability to overcome current challenges is growing. If the supply level is breached, it could mark the start of a new upward trend, making SOL a focal point for traders looking for opportunities in the current market landscape.  The next few days will be critical in shaping Solana’s trajectory, as investors will closely monitor whether the price will confirm the anticipated rally. Solana Bullish Pattern Signals Momentum The entire crypto market is experiencing heightened volatility, and Solana has not been immune to it, with its price fluctuating between $148 and $160 since Monday. This consolidation phase has left traders eager to see which direction the altcoin will take in the coming days. Runefelt recently shared a technical analysis on X, highlighting that Solana is breaking out of a 1-hour Falling Wedge pattern, a bullish signal. The immediate upside target is $159.6, a level that, if broken and sustained, could lead to a massive surge toward $185—a significant move that would position Solana near its yearly highs. Despite this bullish setup, the market remains cautious, and there is still the risk that Solana could fail to reclaim key levels. If the price struggles to break and hold above the $159.6 resistance, the current consolidation could persist or even lead to a potential pullback, with downside targets near $148. Such a scenario would disappoint bulls looking for a rally and could dampen market sentiment temporarily. Related Reading: Ethereum Bullish Pattern Signals Upcoming Rally – Analyst Sets $2,870 Target A confirmed breakout and sustained momentum could signal the beginning of a new bullish phase, attracting both retail and institutional investors.  However, the risk of a failed breakout looms, keeping market participants on edge. Traders are watching closely as Solana’s next move will likely set the tone for its performance over the next few weeks. If it breaks through resistance, SOL could be well on its way to challenging yearly highs. Technical Levels To Watch Solana is currently trading at $154 after finding support at the 200-day moving average (MA) at $150.7, a critical level that signals long-term strength if it holds as a demand zone. This MA has historically acted as a key indicator for market trends, and holding above it would reinforce the bullish outlook for SOL. For bulls to maintain momentum, the price must stay above the 200-day MA and push to break the crucial $160 resistance, a level that has capped Solana’s upward movement since early August. Breaking through this resistance would signal a potential surge in price, opening the door to further gains in the coming weeks. However, if SOL fails to hold above the 200-day MA and cannot overcome the $160 resistance, it risks a corrective move. A drop below the 1D 200 MA could lead to a decline toward $140, a level that will play a pivotal role in determining the next phase of Solana’s price action.  Related Reading: Strong Buy Signal For DogWifHat (WIF) – Key Indicator Hints At Rally To $4 Bulls and bears alike are closely watching these key levels, as the next move could set the tone for Solana’s performance in the near term. Featured image from Dall-E, chart from TradingView

Solana is testing a crucial level after weeks of volatile price action and market uncertainty. Following the Federal Reserve’s interest rate cut announcement, Solana surged 26% but quickly retraced 17%, reflecting the ongoing turbulence in the broader crypto market. This rollercoaster price movement has left many investors on edge as they wait for the next clear signal. Related Reading: Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand Amidst this uncertainty, top analysts are closely monitoring Solana’s next move, with one in particular pointing to the $160 mark as the decisive level that could determine its direction. A breakout above this level could reignite bullish momentum, while failure to do so may lead to further downside pressure. The coming days will be critical for Solana as investors assess the market’s trajectory and brace for potential volatility. With SOL standing at a pivotal point, both bulls and bears are watching closely to see whether the price can break through key resistance or succumb to further correction. Solana Testing Liquidity Below $160 Solana has experienced significant ups and downs over the past couple of weeks, leaving investors uncertain after the latest dip. Many were anticipating further gains before the retrace, which has now sparked caution in the market. With Solana trading in this volatile environment, the focus has shifted to key technical levels that could determine the next big move. Top crypto analyst Daan has shared his insights on X, noting that Solana has formed three nearly equal highs around the $160 level. He also highlights that SOL is consistently making higher lows, a sign of potential bullish momentum building up. According to Daan, this gradual upward drift suggests that Solana could eventually break through the $160 resistance level, which would be a pivotal moment for the cryptocurrency. Related Reading: Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target The reaction at $160 will be crucial. If Solana manages to break above this level, it could signal a push to new highs and reignite bullish sentiment in the market. However, if the price fails to maintain momentum, Solana might remain range-bound between $120 and $160, continuing its sideways movement. Investors are closely watching these levels as Solana’s next direction could define its performance for the rest of the year. Price Action: Supply Levels To Break Solana (SOL) is currently trading at $143 after experiencing a few days of choppy price action. The market has been volatile, and SOL is now testing the critical 4-hour 200 exponential moving average (EMA) at $144.55. This level serves as a key resistance point, and a breakout above it could signal a bullish continuation for Solana. If SOL manages to break and hold above the 4-hour 200 EMA, the next target for bulls would likely be the $160 level. A move above $160 could reignite positive sentiment, potentially setting the stage for further gains. However, if SOL fails to break above the $144.55 resistance, a retrace to lower demand zones is expected. Related Reading: XRP Price Bullish Potential Grows – A Surge Above $0.65 Will Trigger Buyers In the event of rejection at the 4-hour 200 EMA, Solana could dip to the $127 support level, where traders and investors will closely monitor for signs of strength or further downside risk. The price action over the next few days will be crucial in determining whether SOL can resume its bullish trajectory or if a deeper retracement is on the horizon. Featured image from Dall-E, chart from TradingView

Solana (SOL) is now trading at a critical juncture following last week’s market surge. The token has climbed over 20% from its recent local lows, now testing a crucial supply level around $150.  Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally – Key Levels To Watch This resistance zone has drawn the attention of analysts and investors, with many believing Solana is on the verge of a rally to higher price levels. Among those who are bullish on SOL is prominent analyst Carl Runefelt, who recently shared a detailed analysis, predicting that Solana could reach new highs within days if the current momentum continues. As the broader market continues to gain strength, investors are eagerly awaiting Solana’s next move. A successful breakout above $150 could signal a confirmed uptrend, paving the way for a potential rally. However, the coming days will be pivotal for SOL as it approaches this key level, with the market closely watching whether it will reclaim higher ground or face renewed resistance. Solana Bullish Pattern About To Break  Solana (SOL) is currently testing crucial supply levels that could pave the way for a significant rally to higher prices. After days of consolidation, the altcoin looks ready to break out and confirm a daily uptrend. Many analysts and investors are closely watching for the next move. This potential shift comes as the entire crypto market has turned from fear to optimism, spurred by the Federal Reserve’s recent decision to cut interest rates, which has breathed new life into the market. Analyst Carl Runefelt, one of the prominent voices in the crypto space, has shared his technical analysis on X, revealing that Solana has formed a symmetrical pattern. According to Runefelt, if SOL breaks out of this pattern, it could trigger a substantial upward move, with price targets around $160. The symmetrical triangle, a key technical formation, typically signals a strong price movement after a prolonged period of consolidation. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed As Solana hovers near this critical level, the market eagerly awaits confirmation of a breakout. Investors expect a move above $150, confirming the uptrend and likely leading to higher price levels in the coming weeks. For now, all eyes remain on Solana’s ability to break through this resistance and potentially rally to new heights. SOL Technical Analysis: Price Levels To Watch Solana (SOL) is currently trading at $150 after testing the daily 200 moving average (MA) at $154 as resistance. This key technical level has kept the price in check, and SOL is now entering a consolidation phase. Investors are optimistic, and rising demand could soon trigger a breakout from this consolidation. To keep momentum, SOL must reclaim the 1D 200 MA and target new highs beyond $164. This price has worked as a crucial resistance; if broken, it would confirm the continuation of a daily uptrend. A successful breakout at this level could push SOL toward even higher prices, potentially setting the stage for a run to challenge its all-time highs. Related Reading: SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion However, failure to break above the daily 200 MA could signal a shift in sentiment. In this case, SOL could retrace to key support levels, with potential targets around $140 or even lower. This would indicate a short-term correction before another attempt at reclaiming higher price levels. Investors are closely watching SOL’s next moves to determine the coin’s near-term direction. Featured image from Dall-E, chart from TradingView