SOL’s $230 Hurdle: Will It Finally Jump? 🚀

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TL;DR: Solana’s Price is as Predictable as a Weather Forecast in a Tornado

  • Solana has been playing it safe for 18 months, stuck in a price range so tight it could fit in a teacup. 🤷‍♂️
  • Analysts are now whispering that these false breakouts might just be the universe’s way of saying, “Not yet, darling.”
  • If Solana can close above $230 this week, it might just rocket toward $295—assuming the universe doesn’t decide to throw a curveball. 🎯

Range-Bound Movement: The World’s Most Boring Game of Chicken

Solana’s been stuck in a price range so narrow, it’s like a toddler’s tantrum that never ends. After a 2023 rally, it decided to take a nap, trading between $115 and $230 like a confused hamster on a wheel. 🐹

In January 2025, it briefly broke above $230, then immediately panicked and retreated. April 2025 saw it dive below $115, only to bounce back like a rubber chicken. 🧸

BitBull, ever the optimist, says this pattern is “very similar to a 2023 fractal which led to a major breakout.” If by “major breakout” they mean “a tiny flicker that disappears faster than a puff of smoke,” then sure, let’s go with that. 🧠

$SOL has been consolidating for almost 1.5 years now.

It had a false breakout in Jan 2025, and then a false breakdown in April 2025.

Interestingly, this is very similar to a 2023 fractal which led to a major breakout.

Right now, Solana network activity is still strong while…

— BitBull (@AkaBull_) July 29, 2025

False Breakouts: The Universe’s Favorite Joke

The January breakout failed to hold above resistance and reversed. In April, a quick drop below $115 was also undone. These events may have removed short-term speculation and reset the order book. Or they could just be the universe’s way of saying, “You’re not ready.”

The current range between $185 and $195 is holding. SOL is pressing against the upper boundary again. BitBull stated, “All it needs now is a weekly close above $230, and SOL parabolic run will start.” If this is a parabolic run, I’m a penguin in a tuxedo. 🐧

“All it needs now is a weekly close above $230, and SOL parabolic run will start.”

Price behavior near this level could shape the next phase. Or it could just sit there, smug as a cat with a belly full of laser dots. 🐱

Trendline Break: A Bull Run or a Conspiracy?

RJTTheOG pointed out that SOL has broken out of a long-standing downtrend. Following that move, the price gained over 40%. The next resistance is near $206, followed by the all-time high at $295. If this is a bull run, I’m a goldfish with a PhD. 🐠

RJTTheOG said, “In this bull run, a move 20–30% above its all-time high is on the table.” If by “on the table” they mean “a wild guess scribbled on a napkin,” then sure, let’s go with that.

Interestingly, that would place targets in the $355–$385 zone. Analyst Jonathan Carter also identified $180 as an area to watch. He noted that price holding above this level could open a move toward $205, $225, and $268. Or it could just crash into a wall of indifference. 🛑

As CryptoPotato reported, Solana will release 465,000 tokens this week, worth approximately $87.6 million. These are part of broader token unlocks across the crypto market, totaling more than $686 million. Market watchers will follow how SOL behaves as new supply enters circulation. Or they’ll just shrug and check their phones. 📱

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2025-07-29 14:40