Solana Bulls Charge Back: The Comeback Play of 2025

Solana's bulls are lacing up for a heavyweight rematch—and this time, they're swinging for the fences.

After a brutal crypto winter that left even the most hardened traders nursing losses, SOL's loyalists are betting on a revival. The network's speed—once its crown jewel—is back in focus as Ethereum's gas fees hit 'absurd' levels again (thanks, DeFi degens).

Key drivers? Institutional money creeping into altcoins and a wave of meme coins that won't die—because nothing fuels crypto like irrational exuberance.

But let's not kid ourselves: this is the same asset class where 'fundamentals' means a dog-themed token hitting $1B market cap before lunch. Stay sharp, stack wisely, and maybe—just maybe—Solana's second act won't end like a Vegas weekend.

SOLUSD (Solana) caught traders' attention following the near the two-month low of 126.09 on Tuesday.

 have brought the bulls back into play. With both the RSI and the stochastic oscillator rebounding from oversold territory, there is growing Optimism that the price could reach higher levels in the short term.

However, the market action appears to be , and the bearish crossover between the 20- and 50-day simple moving averages (SMAs) casts doubt on the potential for a bullish breakout.

Nevertheless, if the price breaks above the bearish formation at, it could next target the 200-day SMA, which is currently converging with the 23.6% Fibonacci retracement level at 165.80. A move above this level WOULD confirm a short-term bullish trend reversal, likely paving the way toward the double-top region at 187.67. From there, attention could shift to the next resistance area around 200.20.

On the downside, the 50% Fibonacci retracement level at  will be closely watched. If this support level fails, the token may retest the pivot zone NEAR the 61.8% Fibonacci level at 131.30 or find support at the lower boundary of the channel, around 124.20. Further declines from there could increase selling pressure, pushing the price closer to the key psychological level of 100.00.