Solana is sitting at a critical level. Buyers stepped in near $174 and pushed the price back toward $181. Market watchers now see two patterns colliding: a falling wedge and a double bottom. Both hint at a potential breakout if momentum holds.
Traders are on edge, waiting for a clear move toward $188 and beyond.
Crypto Sat reported that Solana’s 4-hour chart shows a falling wedge pattern. The price slid from $206 down to a support range near $174 to $176. Each dip has been met with buying pressure, keeping the wedge intact.
$SOL's 4-hour chart shows a Falling Wedge pattern—get ready for a bullish breakout!
• Falling Wedge, sloping downward with converging trendlines
• Price has respected both upper and lower bounds of the wedge with multiple touches
• SOLANA corrected from a high of $206… pic.twitter.com/jFFF8ldaBD
— Crypto Sat (@cryptosatred) July 31, 2025
Traders now look to $184 as the first test. A strong close above $188 could confirm a breakout. If that happens, a quick push toward $195 or even $200 is possible.
BitGuru noted that a double bottom has formed near $169, a level where buyers fought back earlier. This pattern often signals strength after heavy selling. With price now at $181, bulls need to hold momentum to avoid another drop to the $174 zone.
If resistance at $184 stalls the move, a retest of $174 is still on the table. But if volume rises on a breakout, it could force shorts to cover and fuel a rally toward $190 and above.
$SOL Double Bottom Rebound Can Bulls Take Back $200?
After a strong rally, $SOL topped out near $200 and started pulling back
But buyers stepped in around the $170 demand zone
A clean double bottom formed near $169
— BitGuru
(@bitgu_ru) July 31, 2025
CoinGecko data shows Solana trading at $181.54, up 0.63 percent in 24 hours. Volume has jumped 19.10 percent in the same period, signaling fresh market activity.
In the past week, Solana moved between $175.43 and $194.02, with intraday ranges holding steady from $173.22 to $181.49.
If the wedge breaks upward, traders may target $195 to $200 quickly. Failure to clear $188, however, could drag price back to $174 before bulls regroup.
The post Solana Bulls Hold $181 With $200 SOL Price Target Back in Sight appeared first on Blockonomi.
