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Will Solana Break the Last Barrier Before a Major Bull Run? Discover the Potential 10% Surge!

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Is Solana Poised for a Bull Run? Analyst Predicts Breakthrough After 10% Surge

In the latest wave of solana news, the cryptocurrency has showcased a notable performance, rebounding to the $160 mark and challenging its last significant resistance level. This resurgence sparks anticipation of further gains, potentially propelling Solana to new peaks if it overcomes this crucial hurdle.

Solana Eyes $180 Resistance Amid Market Optimism

As the overall crypto market cap approaches the staggering $4 trillion milestone with Bitcoin reaching new all-time highs, Solana stands out as a key player. After a nearly 10% increase in the past week, Solana is now testing vital resistance levels, previously fluctuating between $140 and $180 for several months. Recent geopolitical unrest briefly pushed Solana out of this range, dropping to between $120 and $130. However, July’s bullish momentum has allowed it to recover, now making a push to breach the significant $180 resistance mark.

Critical Resistance and Potential for New Highs

The $180 mark is pivotal, likened by Analyst Crypto Jelle to Ethereum’s $4,000 threshold, representing the last major stand for bears. This level has been instrumental throughout recent cycles, both as a springboard during late 2024 and early 2025 rallies and as a formidable barrier since its loss in late February. Should Solana reclaim this level, it might set a trajectory towards the $200 mark, paving the way for further ascension, as stated by the analyst.

Market observer Froggy noted that Solana’s recent retest of this zone on Friday indicates a strong bullish inclination. However, after peaking at a two-month high of $184, it has stabilized in the $177-179 range. According to the analyst, maintaining above $168 could see Solana push towards $186-$188 soon.

Price Discovery on the Horizon?

Daan Crypto Trades suggests that if Solana secures a position above this critical level, the next targets could be $220 and then $260. This week, Solana regained both the Daily 200 Moving Average and the Exponential Moving Average, prompting this retest of the $180 mark. Alongside, SOL-based tokens have seen a 13.3% increase this week, buoyed by the performance of memecoins, adding further support to Solana’s valuation.

Bullish Patterns and Future Prospects

Crypto analyst Alex Clay points out that Solana has been forming a bullish megaphone pattern for over a year. Should large caps trigger a real bull run, Solana is poised to lead. With the cryptocurrency maintaining the critical EMAs as dynamic support, a breakout towards the megaphone’s top resistance near $350 seems increasingly plausible. “Breakout of ATH and Price Discovery is inevitable,” Clay remarked, with initial targets around the $350-$400 range.

As of now, SOL is trading at $177, marking a 2% increase on the daily chart. For more insights on Solana’s trajectory and other crypto news, explore more articles on Financier News. Interested in trading? Consider exploring options on Binance for potential opportunities.


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