Technical Perspectives (Update) | $SOL
Golden Cross and bullish pattern:
Solana shows positive technical signals, such as a golden cross on the daily chart — that is, the 50-day moving average crossed above the 200-day moving average — which usually indicates the beginning of a bullish trend. Additionally, there is a cup-and-handle pattern pointing towards a possible breakout upwards to $200–$220.
Demand boost from stablecoins:
The recent record minting of USDC on Solana, with million-dollar values in just minutes, reflects strong institutional interest, reinforcing price momentum.
Key resistance and possible pullback:
Despite the momentum, Solana faces significant resistance between $176–$178. If it fails to overcome it strongly, we could see corrections to levels close to $170–$175 before resuming the bullish trend.
Short and medium-term price projections
Traders Union recommends "Buy" on daily and weekly timeframes, with an estimated closing price of around $214 by 2025.
Gate.com projects an average of $181–$200 for 2025, with a possible range between $100 and $200.
Other sources like DigitalCoinPrice are more optimistic, providing average scenarios of $333.82, with a maximum range close to $415 for 2025.
The overall sentiment is optimistic but we must remain alert to possible changes.