Let’s Break It Down
- In the dance of cryptocurrencies, Solana finds itself circling back to a critical juncture, with watchful eyes set on that elusive $180 milestone.
- With 8 million SOL snatched up at the $190 mark, the traders are feeling as secure as a cat in a sunbeam, suggesting support that might just laugh in the face of resistance.
- Ah, progress! A network upgrade that boosts Solana’s block capacity by an eye-popping 66%—and MetaMask has decided to join the party.
SOL Returns to the Starting Line
Solana (SOL) is skirting around the $181 territory after a slight slip of over 2% today. Yet, with a twinkle in its eye, the price has been inching up over the week. It recently broke free from the grips of an ascending triangle that had taken shape since the spring, and now stands at the gates of a retest.
Analyst Jonathan Carter pointed this spot out as a potential landing pad for weary traders.
“If this bounce holds, we might just witness the kind of bullish breakout that sends prices soaring toward the glittering horizons of $205, $225, and maybe even $268,” he mused.
The triangle speaks volumes, a clear melody of rising lows, while the stubborn price nudges against the $180 barrier like a kid on Christmas Eve.
#SOL
Solana is giving the upper edge of that ascending triangle another good poke on the daily chart.
A successful bounce could confirm the bullish breakout and lead us to prize levels of $205, $225, and $268!
— Jonathan Carter (@JohncyCrypto) July 25, 2025
Chasing Dreams: $205, $225, $268
Now, if this retest stands its ground, the traders are keenly eyeing the $205 target first, a place where the asset decided to take a nap back in April. Next up is $225, where Solana screeched to a halt earlier this year, and if it can shimmy past that? Oh, sweet $268 might just come knocking, aligning with the measured height of the triangle’s joyride.
Now, there’s this looming resistance at around $295, but let’s be real, that’s only going to matter after a nice, clean leap over $268. The volume’s been just about average during this little escapade, which gives the market a chance to test if the buyers are up for the challenge of defending the breakout.
On-Chain Gossip Hints at Stability
As CryptoPotato declares, data suggests that over 8 million SOL were snagged at around $190. This could serve as a cornerstone if Solana decides to venture upward again. The territory above that point yields fewer sellers, possibly infusing the market with a sense of calm, making it easier for the price to let loose.
The RSI is winking close to 70, which could signal a bit of overstretch. But worry not; it doesn’t spell sharp doom just yet. A brief soiree of consolidation would be par for the course.
Building Blocks and Market Whispers
Market analyst Ali pipes in, noting that the TD Sequential tool has conjured up a whimsical buy signal for SOL—just as Solana preps for a staggering 66% jump in block capacity under a gleaming network upgrade.
In an unrelated twist, MetaMask and Transak have decided to tango together, bringing native support for Solana into the MetaMask fold. It’s a lovely little leap beyond Ethereum, allowing users to snatch SOL with good old fiat cash through Transak!
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2025-07-25 16:41