As the cryptocurrency market heats up, Solana (SOL) is stepping into the spotlight, riding a wave of momentum as Bitcoin’s dominance wanes and altcoin season takes off. Currently, SOL is testing a pivotal resistance level around $188 after not only breaking through essential technical formations but also claiming its place among the top players. This cryptocurrency has just pierced the substantial resistance zone between $175.96 and $185.56, positioning itself for what many analysts believe could be an exhilarating breakout towards its 2021 highs of around $260.
Digging into the technical analysis reveals a compelling narrative. Observations across various timeframes suggest that Solana might very well be entering a phase of significant upward acceleration. The daily chart, for instance, shows an impressive 14.64% gain on a two-day timeframe. This upward trend indicates that Solana is gearing up for its next growth cycle, possibly poised to surge to new all-time highs.
One standout formation in Solana’s latest price action is the **ascending triangle** pattern. This bullish structure has methodically unfolded, suiting SOL as it successfully breached the crucial resistance zone of $185 to $190. The chart below illustrates this beautifully:
The solid technical groundwork shows SOL consistently holding above the ascending trendline and finding strong support at $160. Additionally, the Exponential Moving Average (EMA) positioning offers dynamic support as SOL charges forward. The breakthrough above key resistance opens the possibility for a move towards the 2021 highs of $260, marking almost a 38% upside from current levels. Technical patterns like this usually resolve in strong breakouts that can project upwards equal to the height of the triangle’s base, making this potential target particularly compelling.
What’s more, volume analysis indicates robust institutional engagement, implying that the breakout momentum isn’t merely retail-driven speculation. With the Relative Strength Index (RSI) currently sitting at 67.07, there’s built-in room for further growth before approaching overbought territory.
However, it doesn’t stop at deciphering the ascending triangle pattern. Analysts eye an even more powerful trend emerging when viewing the 2-day chart, where Solana has completed a sprawling **rounded bottom** pattern. This development not only signals a long-term trend reversal but also adds a bullish dimension to Solana’s price trajectory.
As of now, Solana trades around $186.78, having successfully retested the breakout level of this rounded bottom—an encouraging sign that affirms the pattern’s legitimacy. The formation illustrates Solana’s journey from previous highs near $270, establishing a strong support range at $105 to $110. From here, SOL has consistently built a solid base with higher lows, further solidified by the recent breakout above the $180 resistance, which completes the pattern’s right shoulder.
What could this mean for the future? Typically, rounded bottom patterns predict price targets equivalent to the pattern’s depth. And with the depth calculated from a previous high of $270 down to about $110, potential targets could soar to an impressive range of $340-$350. As evidenced on its monthly chart, Solana is approaching its $265 previous cycle high—a milestone that must be surpassed to venture into uncharted ATH territory.
Imagine being a $SOL bear. pic.twitter.com/PgAOU3ME6P— DeFi Dev Corp. (@defidevcorp) July 25, 2025
Given the current market dynamics, Solana has emerged as not just a cryptocurrency but an ecosystem rich with potential. As SOL gears up for what could be transformative growth phases, savvy investors are recognizing the urgency to engage with the expanding infrastructure—enter the Best Wallet. The presale for the $BEST token is entering its final weeks, presenting a timely opportunity for early-stage exposure to Solana’s burgeoning ecosystem.
The $BEST token opens doors for investors, including exclusive presale launchpad access and attractive staking rewards. Best Wallet stands as a secure, non-custodial platform that supports over 60 blockchains while providing robust Solana functionality. As the SOL price distinguishes itself with the potential for 38% to as much as 80% upside toward $260-$350 targets, investors might find the limited allocation of the $BEST token to be a gateway to capitalize on Solana’s anticipated rally with promising projects.
With SOL charging toward potentially significant price levels, the time to act is now. Are you ready to join the rally and explore all that Solana has to offer?
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