Solana (#SOL ) is currently trading near $181.23, holding steady after a strong recovery from recent lows. Over the past week, the cryptocurrency has sustained upward momentum, bouncing sharply from the $155.83 level seen earlier this month. This rally has pushed Solana above key moving averages, boosting bullish sentiment among traders. Analysts are now eyeing the $190–$200 zone in the short term, with some long-term forecasts still suggesting a possible run toward $800 by late 2025.
Resistance Levels in Focus
Key price barriers that may shape #Solana ’s short-term path include:
$189: A strong resistance level that could slow upward momentum if tested.
$200: A major psychological and technical milestone likely to attract significant attention from both bulls and bears.
Price Predictions for the Coming Months
Updated projections suggest:
August 2025: Trading range between $179.50 – $189.00, implying modest upside potential.
September 2025: Range between $189.50 – $210.00, which could reflect a 10–15% gain from current levels.
End of 2025: Optimistic targets remain near $800, though such growth would require sustained market strength.
2030: Long-term estimates still place Solana between $430 – $440, representing a significant return on investment from today’s price.
Technical Indicators Support Bullish Momentum
Chart analysis shows encouraging signs for the bulls:
50-Day SMA: ~$168.27, currently below market price, giving a buy signal.
99-Day SMA: ~$181.65, just above current price and acting as short-term resistance.
RSI (14): Moderately positioned, suggesting no immediate overbought conditions and room for further upside.
Market Patterns and Trends
A clear inverse head and shoulders formation continues to support a bullish reversal scenario. Volume spikes during upward moves further validate buying interest. A mild bullish divergence also remains visible on the 4-hour chart, hinting at the potential for continued upward pressure.
Conclusion
#Solana ’s technical setup and recent price action indicate a favorable environment for further gains, provided key resistance levels are breached. That said, cryptocurrency markets remain highly volatile, and sharp price swings can occur unexpectedly. Traders should balance optimism with caution and base decisions on a combination of technical and fundamental research.