Solana (SOL) Price: Bullish Signals Align for Explosive Breakout in July 2025

Solana's technical setup screams opportunity as multiple bullish patterns lock into place.

Here's why traders are loading up SOL bags before the next leg up.

The perfect storm for SOL bulls

Symmetrical triangles, ascending channels—pick your pattern. They all point north.

Liquidity pools flashing green

Whale wallets are accumulating while retail sleeps (as usual).

Just don't call it an 'Ethereum killer'

Because nothing kills Ethereum except Ethereum's gas fees—and maybe the SEC.

Watch these key levels as SOL either rockets past resistance or gives crypto another 'false breakout' story to fuel Twitter threads.

TLDR

• Solana price formed a double bottom at $141.84 and bounced from $125.99 low, showing bullish reversal signals
• Large cup-and-handle pattern on high timeframe charts targets $260-$300 range upon breakout above $175
• Inverse head and shoulders pattern developing with neckline resistance near $168.49
• SOL mirrors Bitcoin’s 2024 price structure with similar liquidity grab and recovery patterns
• Strong on-chain metrics show Solana leading tokenized asset volume and DApp revenues at $562 million in Q2 2025

Solana price is showing multiple bullish technical patterns that could signal a breakout above key resistance levels. The cryptocurrency has been building momentum after forming several reversal patterns on different timeframes.

The most recent price action saw SOL rebound sharply from a major low of $125.99. This bounce created a double bottom formation around $141.84, which provided strong support for the cryptocurrency. The double bottom pattern suggests that bears failed to push prices lower after two attempts.

On July 4, solana was trading around $151 after posting short-term gains. The price has added 6% over the past seven days and reached a high of $153. Trading volume has increased to $3.96 billion over 24 hours as buyers show renewed interest.

Analyst Ali Martinez identified a large cup-and-handle pattern spanning multiple months on high timeframe charts. This pattern began with a rounded bottom formed between late 2022 and mid-2023. The right side of the cup developed as buyers regained control of the market.

If this market is gearing up for a second leg up, Solana $SOL could benefit BIG TIME! pic.twitter.com/qIno9wTuQk

— Ali (@ali_charts) July 3, 2025

The handle segment of the pattern is nearing completion within a tight descending channel. Martinez noted that the neckline of this pattern lies in the $160 to $175 range. Solana is currently consolidating just below this resistance area.

Cup and Handle Pattern Targets Higher Levels

If SOL closes above the neckline with volume confirmation, the setup could trigger the next upward move. Martinez estimated that a confirmed breakout could send SOL toward the $260 to $300 region. This target is based on the depth of the cup formation.

Historical patterns show that similar cup-and-handle breakouts have preceded strong rallies in the past. The current formation is symmetric and aligns with typical bullish continuation phases. Volume confirmation will be key to validating any breakout attempt.

BitGuru highlighted additional reversal patterns on lower timeframes. An inverse head and shoulders pattern is forming above the double bottom, with a neckline just under $155. The presence of these two reversal signals supports further upside potential.

$SOL is showing a textbook higher-low formation after a healthy pullback from $159.99. Price is now stabilizing above key short-term support NEAR $149.

With momentum building and strong 4H structure, this looks like a fresh long opportunity.#Solana #Tradingview pic.twitter.com/eQdwveMH6R

— BitGuru 🔶 (@bitgu_ru) July 4, 2025

The inverse head and shoulders pattern reinforces the idea of a local trend reversal. The pattern shows that market structure has shifted since the $125.99 low was formed. SOL has printed higher lows and attempted to stay above $150.

Price Mirrors Bitcoin’s 2024 Setup

Analyst Mister crypto noted that Solana’s price fractal mirrors Bitcoin’s 2024 pattern. The comparison shows a nearly identical structure with a liquidity grab, double top rejection, and sharp recovery. The recent sweep below $120 appears to be a classic shakeout move rather than a genuine breakdown.

This type of liquidity trap often marks the end of accumulation phases, especially when followed by strong reclaims. If this fractal continues to hold, Solana could target the $200 to $280 zone in the coming weeks.

$SOL/usdt DAILY$SOL retesting its recent channel breakout, the previous diagonal resistance trendline has now turned into support pic.twitter.com/1t7uL2CuIu

— Satoshi Flipper (@SatoshiFlipper) July 5, 2025

Solana is now retesting the top of its recently broken descending channel. The previous resistance line is flipping into potential support around $145. This area coincides with the mid-range of its previous consolidation band.

The pullback doesn’t appear impulsive, suggesting it could be a healthy retest rather than the start of a deeper correction. If SOL maintains strength above the $142 to $145 zone, the next upside target is $190.

Solana’s recovery has been supported by strong on-chain metrics. The cryptocurrency’s drawdown from all-time highs has narrowed to around -44% from a peak of nearly 95%. This shows steady progress out of the previous bear market phase.

On-chain data reveals that Solana has surpassed other chains in tokenized asset spot volume. Solana DApps generated $562 million in revenue during Q2 2025, more than Ethereum, BNB Chain, and Base combined. This marks five consecutive quarters of outperformance.

The $160 to $175 area remains the most critical resistance range for Solana. Both the cup-and-handle and inverse head-and-shoulders patterns converge around this zone. A break above $175 with strong momentum could open the path for a rally to $260 or $300.

Failure to close above $175 may lead to renewed selling pressure. A breakdown from the $148 support area could send SOL back toward $141.84 or the $125.99 low. The short-term direction will be defined by price action in this consolidation zone.