Analyst Urges SOL Buy Before Explosive $360 Rally - Don’t Miss the Pump!
SOL's primed for a massive breakout—analysts are calling it the trade of the quarter. Targets set at $360 suggest a potential surge that could leave hesitant traders fuming.
Timing the Rally
Market sentiment's shifting, and SOL's technical setup screams momentum. With institutional interest growing and the network hitting new milestones, the stage looks set for a serious run.
Why $360 Matters
That price level isn’t just a random number—it’s a key resistance-turned-target, and breaking it could open the floodgates. Past performance hints it’s within reach, assuming the crypto gods—and the whales—play along.
Of course, in crypto, every 'sure thing' comes with a side of 'maybe not.' But if you’ve got the nerve, this might be one of those rare moments where the hype actually has legs. Just remember: what analysts giveth, volatility can taketh away.
Solana Price and Analyst Outlook
Solana (SOL) was priced at $181 at press time, with a daily trading volume of $4.55 billion. The token has fallen 1% in the last 24 hours and is down 8% over the past week. Despite this decline, analyst Ali Martinez stated,
“Not a bad spot to start loading solana $SOL before a breakout to $360.”
Ali’s chart shows Solana trading in an ascending structure supported by higher lows since March. The token remains above the $176 support zone and faces resistance at $205. Fibonacci extension levels mark reference points at $250, $278, $320, and $362. Solana continues to move between its rising trendline and the resistance area.
Not a bad spot to start loading Solana $SOL before a breakout to $360. pic.twitter.com/N42zXpMzbT
— Ali (@ali_charts) August 21, 2025
Corrective Structure and Technical Readings
Elliottwave Forecast outlined a corrective pattern for Solana. The chart places SOL at $167 within a double correction (W–X–Y) formation. Support is projected between $164 and $157, while an invalidation level is noted at $195. The update added, “We Do Not Recommend Selling,” focusing on the corrective setup.
Based on indicators, the 9-day moving average stands at $185, whereas the 21-day moving average is at $179. The price of Solana is between the two averages, which means that the confidence over the short term is ongoing, but there is no particular direction.
The Relative Strength Index (RSI) is at 50, which indicates a neutral stance of the market. In July, the RSI ROSE to above 70, indicating a busy buying period then.
Spot Market Activity
CryptoQuant data shows Solana’s Spot Taker Cumulative Volume Delta (CVD). From November 2024 to February 2025, buying was dominant, supporting higher prices. Between March and May 2025, selling activity was stronger, and prices moved lower.
In June and July 2025, the CVD was mostly neutral, with a short buying phase. By August 2025, the data shows stronger selling pressure while Solana trades NEAR $180.
Broader Market Development
The European Union is assessing whether to launch the digital euro project on ethereum or Solana instead of a private chain. A rollout on a public blockchain could improve accessibility, though concerns remain over privacy and security.
