BTCC / BTCC Square / Newsbtc /
Solana’s $160 Breakout Inevitable? Analysts Predict Imminent Surge

Solana’s $160 Breakout Inevitable? Analysts Predict Imminent Surge

Author:
Newsbtc
Published:
2025-07-09 08:30:58
11
3

Solana bulls are circling—and this time, they’ve got the charts on their side.

After weeks of consolidation, SOL’s path to $160 looks less like a gamble and more like a countdown. Technicals scream breakout, liquidity pools align, and even the skeptics are quietly recalculating their shorts.

Here’s why the smart money’s betting on a rally.

The Setup: A Textbook Bull Flag

Higher lows, tightening ranges—classic accumulation. Traders eyeing that $160 resistance level know it’s not just a number; it’s the gateway to retesting year-to-date highs. Break it, and FOMO does the rest.

Liquidity Zones: The Invisible Hand

Order books show clusters of bids stacking up below $150. Market makers love symmetry, and this playbook’s been profitable since Bitcoin first mooned—back when your banker still called crypto a ‘fad.’

The Wildcard: Macro Mood Swings

Fed rate cuts could rocket altcoins… or another ‘risk-off’ tantrum might delay the party. But Solana’s ecosystem—NFTs, DeFi, the whole circus—keeps building while traditional finance reinvents fees to ‘enhance shareholder value.’

One thing’s certain: When SOL flips $160, the ‘I told you so’ tweets will be louder than a Wall Street analyst downgrading a stock after it crashes.

Solana Holds Key Support

After recovering from last month’s downtrend, solana has been attempting to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency traded between the $140-$180 range for two months, but briefly lost its post-breakout range in late June.

Two weeks ago, SOL fell below the $130 area, hitting a two-month low of $126 on June 22. Since then, the altcoin has recovered, fueled by last week’s launch of a Solana staked crypto Exchange-Traded Fund (ETF) in the US by Rex Shares.

Following the news, Solana’s price jumped toward the $160 resistance level but was rejected, hovering between the $145-$155 price range for the past week. On Tuesday, SOL fell below the $150 level, hitting the $147 support before bouncing.

Analyst Ali Martinez noted that the $147.59 area is one of the most important support levels for Solana, as losing this level could trigger a pullback to the next key zone around the $141 mark.

Similarly, market watcher Man of Bitcoin affirmed that SOL’s key support to maintain is around $141.91, adding that “a sustained break below this level would suggest that wave-C of (ii) is already underway.”

The analyst previously warned that there is a potential scenario “with one more low in wave-5,” if the cryptocurrency doesn’t hold about the $148 mark. However, maintaining this support WOULD build a base to target the local highs.

SOL About To Retest $160?

Analyst Carl Runefelt from The Moon Show affirmed that SOL is “about to break off” a triangle formation and test the $162 resistance. As the price compresses between the upper and lower boundaries, the analyst suggested that the cryptocurrency’s breakout is around the corner.

Solana

Notably, Solana has been forming a one-week symmetrical triangle pattern in the daily chart. If the cryptocurrency successfully breaks above the $152-$153 zone, it could see a 10.87% jump toward the technical target of $167.

The Cryptonomist highlighted that SOL broke out of a multi-day diagonal resistance on Sunday, which was retested and confirmed as support after bouncing around the $147 twice since the breakout.

The analyst considers that the cryptocurrency is preparing for a continuation of its rally, targeting the one-week high and resistance of $160.

Meanwhile, crypto Jelle noted that despite the April downside deviation, Solana continues to trade within its $125-$180 Macro Range, currently hovering around the mid-range. To him, “it looks like it’s just waiting for BTC to break out. Once it reclaims $160, $200 should come quickly. Above there, new all-time highs are within reach.”

As of this writing, Solana is trading at $151.51, a 3.6% increase in the weekly timeframe.

solana, sol, solusdt

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users