Solana Teases $180 Breakout—Is This the Next Crypto Mega-Rally?
Solana’s price action screams volatility—again. The network that somehow keeps resurrecting itself after outages now flirts with a $180 breakout. Traders are either salivating or sweating.
Technical indicators show a bullish wedge forming, but let’s be real: in crypto, TA is just astrology for finance bros. Still, the momentum looks real—for now.
If SOL punches through $180, the next stop could be its ATH... or another 40% nosedive. Because nothing says ’healthy market’ like wild swings fueled by leveraged gambles and influencer hype.
- Solana trades near $154, pressured by $323 million losses and a $161 million whale sell-off.
- TD Sequential buy signal on the 12-hour chart hints at possible short-term bullish momentum.
- Breaking $180 resistance could spark a major rally amid growing altseason optimism.
Solana (SOL) continues to experience pressure as macroeconomic challenges, particularly renewed concerns over tariffs, unsettle investor confidence. These external factors have contributed to volatility, prompting traders to exercise caution. Despite this, technical indicators hint at a potential rebound, suggesting a complex market dynamic surrounding this popular altcoin.
The TD Sequential indicator on Solana’s 12-hour chart recently flashed a buy signal, signaling possible bullish momentum. crypto analyst Ali highlights this as a precursor to a short-term upward price move. This technical pattern suggests growing bullish momentum, hinting at a potential short-term rally for the altcoin.
Currently, solana trades at $155, down 0.51% in the past 24 hours but holding a key support zone. A significant whale transaction transferring nearly one million SOL, valued at about $161 million, stirred caution among investors. This sell-off contributed to net realized losses of $323 million at $156, amplifying bearish sentiment.
Additionally, SOL slipped below the 34-day exponential moving average (EMA) at $163.20 with rising volume, indicating intensified bearish momentum. However, it remains above the critical $150-$156 support band, supported by the 50-day and 100-day moving averages. This mixed technical setup suggests a battle between sellers and buyers.
Solana Poised for Next Altseason Surge
Over recent weeks, Solana has consolidated, struggling to reclaim the $180 resistance level. Following a peak in early May, the price has retraced steadily to around $150 as the market seeks fresh demand. This pullback aligns with global financial instability triggered by US-China tariff tensions and rising interest rates, which fuel market volatility.
Despite the subdued price action, market analysts remain cautiously optimistic about Solana’s medium-term prospects. Trader Bluntz notes that SOL’s recent price reaction at its lows is promising. He points out that reclaiming the $180 support could trigger a strong rally, as this level represents a significant supply barrier.
If Solana flips the $180 zone into support, the technical setup suggests room for a sharp breakout. This situation seems to match the rising expectations of such events as the upcoming altseason, in particular the event of a weaker Bitcoin dominance and a successful outbreak of ethereum above the resistance that lasted for several months.
Read More: Solana price Prediction: $1,000 SOL In Sight If ETH Correlation Strengthens
