Current Price and Volume Indicators
#solana ($SOL ), a leading Tier-1 project, is trading at $160.25, recording a modest 0.5% decline in the last 24 hours. However, the most striking indicator is the dramatic drop in trading volume: 24-hour trading volume decreased by 46.75% to $3.9 billion. This decrease in volume suggests a temporary decline in market participation, particularly following high volatility.
Despite this, Solana's price has gained 8.41% on a weekly basis, holding strongly above $160. This performance demonstrates that #sol has renewed investor confidence, even in volatile market conditions.
๐ Technical Indicators: Bullish Signal and Descending Channel Breakout
Crypto analyst Hailey LUNC notes that the SOL/USDT pair is experiencing strong demand between the 0.618 and 0.786 Fibonacci retracement levels and is experiencing a strong recovery from this area. These levels are generally seen as strategic areas where long-term trend reversals begin.
The most striking development is that Solana has broken out of its broad downward channel. From a technical perspective, this breakout could signal a structural shift and a potential new rally. The target levels are quite ambitious:
๐ฏ $206.58
๐ฏ $234.12
๐ฏ $265.25
However, the analyst also points out that this bullish scenario could be invalidated: A weekly close below $145 could undermine this structure and increase technical selling pressure.
๐ฎ Long-Term Outlook: Are New Highs Coming in 2025?
Price prediction platforms offer different scenarios for Solana:
DigitalCoinPrice predicts that Solana could reach $352.50 by the end of 2025. This means the current all-time high of $294.33 will be broken. Analysts base this prediction on fundamental factors such as market resilience and investor confidence.
Changelly, however, is more cautious: it estimates a price range of $158.82 to $167.80 for July 2025. The average price expectation is $163.31. This forecast indicates a conservative return potential of approximately 5.6%.
๐ Overall Assessment: Solana Gathers Strength, Bullish Scenario on the Table
Solana has managed to establish a strong technical structure even during a period of general stagnation in the crypto market. While the decline in trading volume poses a short-term risk, the recovery from the Fibonacci support zone and the channel breakout significantly increase the likelihood of a longer-term rally.
Critical levels for investors:
๐ผ Upside targets: $206-$265 range
๐ฝ Support level: $145 (if broken below, the trend could reverse)
Solana's continued institutional interest and strong network structure support these bullish expectations. As we move towards 2025, both technical and fundamental analyses suggest that Solana is on the verge of a period where it could once again make headlines.
