Solana (SOL) Nears Final Barriers to All-Time High: Price Analysis

Solana smashes through resistance levels—flirting with historic peaks as momentum builds.

Technical Breakthrough

The rally isn't just hype. SOL's chart patterns signal a classic bull run, with volume spikes confirming trader conviction. Each dip gets bought aggressively—no one wants to miss the next leg up.

Market Sentiment Shift

Altcoins wake up as SOL leads the charge. Retail and institutions pile in, chasing the same 2021 energy that turned modest bets into life-changing money. This time, though, everyone's an expert—until the leverage flips.

2025 Outlook: Beyond the Hype

If history rhymes, SOL's setup mirrors previous parabolic moves. But remember—what goes vertical often comes down faster than a Wall Street banker's promises.

$SOL hits first of the big obstacles

Source: TradingView

The daily chart for $SOL shows how the price has been traversing up inside a wedge pattern since early April of this year. That was the local bottom of just under $100, and from there it has been a nice gradual ascent. 

Today the price is up against the $219 resistance, while only just above this is the top of the wedge. This is the first combined obstacle that the bulls must overcome. If there is a rejection from here, the major support level at $202 isn’t that far below, and WOULD potentially enable a reset of the momentum indicators.

$252 major resistance is second big obstacle

Source: TradingView

The weekly chart puts things more into perspective for the $SOL price. The 50-week SMA (blue line) served as major support for $SOL from the start of the huge ascension in October 2023 through to the all-time high early in 2025. After that, the price crashed down through the 50-week SMA but has now gained above it once again.

The second of the two obstacles that are left for $SOL is the big resistance at $252. This level has rejected three major rallies so far, and so the $SOL bulls will be hoping fourth time lucky. 

$SOL now turning the tables on $ETH

Source: TradingView

Against its $ETH pair (SOL/ETH) $SOL is now starting to turn the tables. A beautiful touch of the 0.618 Fibonacci marked the spot where $SOL began to take control again. A descending wedge that led out of the ascending channel has now been broken to the upside, and with momentum definitely on the side of $SOL now, it might be expected that the price at least regains the bottom trendline of the channel.

SOL/BTC approaching huge descending trendline 

Source: TradingView

For the SOL/BTC pair it can be seen that the $SOL bulls are also attempting to gain the upper hand. So far this week $SOL is managing to drive up from the huge 0.0019 BTC horizontal resistance, and looks as though it will flip this into support.

The W pattern, which was drawn on this chart NEAR the bottom, is continuing to play out, although the approaching descending trendline will be the battle royale for SOL/BTC. If $SOL can penetrate above this, the next target would be the resistance at 0.00294 BTC, with a higher high slightly above this.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.