😱🔥 Solana Ready to Take Off: All Signals Flashing Green! 🚀🚀

#Solana ($SOL), one of the top-tier Layer-1 blockchain projects, is trading at $160.25, reflecting a slight 0.5% dip in the past 24 hours. However, the real headline is the sharp drop in 24-hour trading volume, which has fallen 46.75% to $3.9 billion. This decline suggests a brief pause in market activity following recent volatility.

Despite the short-term dip, Solana is up 8.41% over the past week, holding firm above the key $160 level. This resilience indicates renewed investor confidence—even amid an uncertain market.

📈 Technical Analysis: Bullish Breakout in Play

According to crypto analyst Hailey LUNC, SOL/USDT is seeing strong buying interest between the 0.618 and 0.786 Fibonacci retracement levels—areas often associated with trend reversals.

The biggest development? Solana has broken out of its long-term descending channel, a move that may signal the start of a new upward trend. If this breakout holds, the next potential target levels are:

🎯 $206.58

🎯 $234.12

🎯 $265.25

However, caution is still warranted. A weekly close below $145 could negate this bullish setup and lead to increased selling pressure.

🔮 Looking Ahead to 2025: Will SOL Set New All-Time Highs?

Price forecasts vary:

DigitalCoinPrice projects a 2025 high of $352.50, surpassing the current ATH of $294.33, citing strong fundamentals and investor sentiment.

Changelly offers a more conservative view, forecasting $158.82–$167.80 for July 2025, with an average target of $163.31—a modest upside of around 5.6%.

📊 Bottom Line: Strength Building for a Bullish Run

Solana continues to demonstrate strength despite a quiet broader market. The volume drop presents a short-term risk, but the Fibonacci support rebound and channel breakout are strong bullish indicators for the medium to long term.

Key levels to watch:

🔼 Upside targets: $206–$265

🔽 Critical support: $145 — a break below this could shift the trend#solana