- Solana reclaims key $180 resistance, signaling renewed bullish momentum and eyeing a breakout toward the $186–$188 range.
- SOL trades above major moving averages, supported by growing memecoin activity and strong technical structure.
- Analysts highlight $350–$400 as the next major target, with SOL forming a bullish megaphone pattern and leading altcoin sentiment.
Solana (SOL) is back in the spotlight with a strong rally, increasing by nearly 10% over the past week and reclaiming a key resistance area around $180. With the combined crypto market cap near the $4 trillion milestone and Bitcoin touching new lifetime highs, the price movement in SOL has again sparked bullish sentiment within the rest of the altcoin market.
Having been above the two-month interval of $140 and $180 for more than two months, Solana most recently regained this local range after visiting the $120–$130 region as a result of geopolitical instability in the month of June. The altcoin reached a two-month peak at $184 on Friday before stepping back somewhat, now within the $177–$179 bracket.
Market commentator Crypto Jelle noted that SOL’s $180 resistance to Ethereum’s $4,000 level and referred to the former as the “last line of defense” for the bears. This was the sturdy support during previous rallies and so far has been an unbreakable resistance since the end of February, when Solana’s attempts at breakouts were thwarted more than once.
According to Daan Crypto Trades, Solana’s recent price movement was supported by the recapture of the Daily 200 MA and EMA, suggesting technical strength. Another positive tailwind for Solana’s price came in the form of growth in SOL-based memecoins, which grew 13.3% this week. “As long as memes run, SOL does too,” he added.
Also Read| Solana Price Prediction: A Breakout Above $200 with $350 Target in Sight
Solana Reclaims $180, Eyes Bullish Breakout Toward $400
Analyst Froggy commented further that Solana’s Friday re-test of the $180 area is a good bullish sign. But short-term traders are looking at the $168 support level. A close above this could see SOL target the $186-$188 area with additional targets at $220 and $260.
In the interim, Solana was pointed out by crypto analyst Alex Clay as having been ranged within a bullish megaphone pattern for over a year. Rebounding off the lower trendline back in April and retaining support above the 50, 100, and 200-day EMAs, the altcoin might be positioning itself for a powerful breakout.
Clay is predicting that when the large-cap tokens move off into their next leg upwards, Solana could be the first to show the way with the $350–$400 area overdue for the next massive bull run.
At the time of writing, Solana is trading at $ 176.64 with a 24-hour trading volume of $ 16.23B and a market cap of $ 95.02B. SOL price decreased by 0.90% in the last 24 hours. If momentum continues, analysts believe a breakout and entry into price discovery territory could be imminent.
Also Read | Solana Price Could Near $200 as True TPS Hits 1,400
