Solana (SOL) Price Surge: Can the 11.9% Weekly Rally Propel It to New All-Time Highs?

Solana's SOL token is flexing its muscles again—up 11.9% this week alone. Traders are betting this isn’t just another dead-cat bounce.

Breaking Down the Momentum

The Layer 1 blockchain’s native token is riding a wave of renewed investor interest. No memes, no hype—just cold, hard percentage gains. For once.

The ATH Question

SOL’s previous peak feels like ancient crypto history. But with institutional money sniffing around and retail FOMO creeping back in, that record might not stand much longer.

The Cynic’s Corner

Of course, Wall Street’s suddenly ‘discovered’ blockchain scalability again—just in time to justify their latest bag-holding adventure. How convenient.

Cup and Handle Signals Long-Term Upside

The cup and handle is a widely recognized bullish chart formation in technical analysis. It reflects strong accumulation, a brief consolidation, and a breakout continuation.

For SOL:

• Cup depth: $8 low to $200 high
• Handle: Descending channel under $200
• Breakout trigger: Move above $200 on strong volume
• Targets: $380, $752, $1,048, and $1,315

Historically, such patterns can lead to extended rallies, but success hinges on sustained buying volume and broader market support.

Solana (SOL/USD) Technical Outlook and Trade Setup

On the 4-hour chart, solana price prediction seems bearish. SOL faces a key downward trendline resistance intersecting at $186.22. The 50-period SMA at $169.71 has supported the rally from early August lows, with price printing higher lows inside an ascending structure.

• RSI: 62.5, showing bullish momentum without overbought extremes
• MACD: Positive crossover above zero line, though histogram growth is modest
• Candlestick behavior: Small-bodied bars with upper wicks at resistance — profit-taking signs

• Bullish scenario: A confirmed daily close above $186 could open the way to $195.42 and $205.92, aligning with Fibonacci extensions.
• Bearish scenario: A rejection at $186 may see pullbacks toward $177.40 or $167.00, with the 50-SMA offering bounce potential.
• Risk management: Stops below $177 for breakout longs, or above $187 for short rejections.

New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation.

By merging Bitcoin’s security with Solana’s performance, it unlocks powerful new use cases – all with seamless BTC bridging.

The project is audited by Consult and built for scalability, simplicity, and trust.

Investor interest is surging, with the presale already surpassing $8.1 million and only a small allocation remaining.

HYPER tokens are currently available at just $0.0126, but that price is set to rise in the next 3 days.

You can buy HYPER tokens on the official bitcoin Hyper website using crypto or a bank card.