After fading momentum, Solana is finally showing a bullish perspective ahead. Solana price has dipped into a familiar demand zone where past rallies have often begun, sparking renewed optimism among participants.
After an extended consolidation phase, Solana has now dipped into a major demand zone between $150 and $160, a region that has repeatedly acted as a springboard in previous cycles. BitGuru’s structure indicates that buyers are beginning to re-accumulate, with early signs of a potential reversal visible in the intraday chart.
Solana’s price tests a key demand zone between $150 and $160, where early reversal signs hint at renewed buyer strength. Source: BitGuru via X
If this base continues to hold, a short-term rebound towards $175 to $185 appears likely, matching prior resistance clusters. The presence of bullish divergence on lower timeframes adds further weight to the possibility that Solana price may be entering a bottoming accumulation stage following weeks of corrective pressure.
CryptoBusy’s latest SOL chart showcases a developing double-bottom formation near the $146 to $150 range, a pattern often signaling trend exhaustion and reversal. The neckline for confirmation sits around $170, and a breakout above this could trigger the next impulse wave.
Solana forms a potential double-bottom pattern near $146 to $150, signaling possible trend reversal ahead. Source: CryptoBusy via X
This setup gains credibility as volume has shown mild expansion on recent upticks, while RSI is stabilizing near oversold territory. As long as Solana price maintains structural integrity above $145, the risk-reward remains favorable for an eventual breakout attempt.
A latest statement from Bitwise CIO has emerged in which its believed that Solana price could 5× its market share in the coming cycles. This view reinforces the broader thesis that current price levels significantly undervalue Solana’s network strength and scalability.
Institutional optimism aligns with on-chain growth and increasing adoption. Despite short-term volatility, long-term fundamentals position Solana as one of the most promising large-cap networks heading into 2026.
Solana’s break below $180 has pushed it towards a key weekly demand block between $120 and $130, a region that historically triggered large reversals. Despite recent weakness, SOL’s broader higher-timeframe structure remains bullish as long as this block holds firm.
Solana tests its weekly demand block between $120 and $130, with buyers aiming to defend the zone for a potential rebound. Source: ShangoTrades via X
ShangoTrades believes that if SOL buyers can defend this range, a relief bounce towards $180–$200 becomes the likely scenario. A clean weekly close below $120, however, would invalidate the mid-term bullish bias and expose deeper retracement levels near $100. Until that point, the Solana price still represents a higher-low formation zone within the macro uptrend.
Robo’s analysis on the Solana weekly chart reveals a large ascending triangle pattern that has been forming since early 2023. The support trendline has held firm through multiple tests, while resistance near $280 to $300 continues to compress price action into a tightening apex.
Solana’s long-term structure forms a massive ascending triangle, hinting at a breakout target toward $320. Source: Robo via X
The measured move from this structure suggests a breakout target around $320, which would align with Solana’s next major Fibonacci extension zone. Momentum indicators also remain constructive, with MACD flattening and long-term EMAs aligning for a potential crossover. As Robo puts it, “good things take time”, and the weekly outlook indeed signals brewing strength beneath the surface.
Solana’s multi-timeframe picture paints a story of gradual recovery after deep corrective pressure. From the $150 to $160 demand zone to the potential double-bottom and ascending-triangle formation, technical confluence continues to build in favor of accumulation.
Institutional support, led by comments from Bitwise and sustained network activity, reinforces Solana’s standing as a top contender for the next market expansion phase. If short-term supports hold and $180 is reclaimed, the stage could be set for a steady climb towards $250 to $320 in the coming months.
In essence, while volatility persists, Solana’s structural resilience and growing ecosystem point to renewed upside potential as 2025 unfolds.
