Solana Price Surge: Is $185 the Next Stop for SOL?

Solana's SOL token is making waves again—bulls eye $185 as the next target. Here's why traders are betting big.

Technical Breakout or Overhyped Rally?

SOL's chart shows a textbook pennant formation, with volume backing the uptick. No guarantees in crypto, but the setup smells like a classic 'buy the rumor' play.

Ecosystem Momentum Fuels the Fire

From NFT mints to DeFi yield farms, Solana's chain activity isn't slowing down. Even the skeptics can't ignore the network's TPS bragging rights—when it actually works.

The $185 Question

If SOL flips resistance at $175, the path clears for a run at $185. But watch BTC's moves—because in crypto, everything's a leveraged ETF on Bitcoin's mood swings.

Closing Thought: Wall Street would kill for Solana's volatility. Then again, they prefer pumping stocks with PowerPoints instead of surviving 50% drawdowns before lunch.

Solana (SOL) is flashing bullish signals again. In the last 24 hours, the token surged by 3.5% to trade around $163.76, marking an 11.74% gain since the start of July. Over the past week alone, SOL has climbed 7.4%, outperforming several top altcoins in this mini crypto rally.

But is this just a short-term spike or the start of something bigger?

Solana Market Outlook – 2025 Performance Recap

The year 2025 has been volatile for Solana. While January saw strong growth of 22.3%, Q1 ended with a heavy loss of 34.1%, led by major dips of 36% in February and 15.7% in March.

However, the second quarter brought a solid rebound. April and May delivered gains of 18.6% and 6.11%, respectively, slightly offset by a minor 1.08% drop in June.

At the start of July, SOL was priced at $146.90. Since then, it has added nearlyto its value, now hovering NEAR $163.76.

Fibonacci Levels Hint at Pullback, But Rally to $185 Still in Play

Veteran financial advisorbelieves a short-term pullback or sideways consolidation could occur soon. Sharing his solana chart on X, Dixon said the current price structure resembles a classic Wave 4 formation, which might temporarily push SOL down to the $152–$158 range (based on Fibonacci retracement levels).

But don’t panic. Dixon remains bullish in the medium term. He says if SOL stays above the $150 support zone, it could ignite Wave 5, targeting $175 or even $185, based on past resistance and Fibonacci extension levels.

What’s Next For SOL Price?

Dixon warns that if Solana falls below $145–$148 with strong volume, the bullish trend may be invalidated, triggering a complex correction instead of a rally.

Solana is riding strong bullish momentum, with short-term consolidation likely before a potential surge to $185. But all eyes remain on the $150 support—a key level that could make or break the rally.