Solana is gaining massive traction as Bitcoin dominance decreases and altcoin season accelerates , with SOL currently testing critical resistance around $188 after breaking above key technical formations. The cryptocurrency has successfully penetrated the major resistance zone between $175.96 and $185.56, positioning itself for a potential breakout toward 2021 highs near $260. Technical analysis across multiple timeframes reveals compelling evidence suggesting SOLmmay be entering a significant upward acceleration phase. The daily chart analysis, with a 2-day timeframe and monthly momentum showing 14.64% gains, indicates that Solana appears well-positioned for its next major growth phase, heading toward new all-time highs. Ascending Triangle Breakout Targets $260 Resistance Solana’s daily chart reveals a methodical progression through a well-defined ascending triangle pattern, with the price successfully breaking above the critical $185 – $190 resistance zone. Source: TradingView The technical structure indicates that SOL is holding above the ascending trendline while maintaining key support at $160. EMA positioning provides dynamic support for the continuing bullish trend. The penetration of major resistance between $175.96 and $185.56 opens the path toward 2021 highs near $260, representing approximately 38% upside from current levels. Ascending triangle patterns typically resolve with breakouts equaling the height of the pattern’s base, projecting toward the $260 target zone. Volume analysis shows substantial institutional participation supporting the breakout rather than retail-driven speculation. RSI at 67.07 suggests room for further advancement before reaching overbought conditions. Solana Price Prediction: Rounded Bottom Completion Projects $340-350 Targets The 2-day chart presents the most bullish perspective through SOL’s completion of a massive rounded bottom pattern that has developed over several months. Source: Crypto Tigers on X Solana is currently at $186.78 and has successfully retested the breakout level, confirming the pattern’s validity following the curved formation that delineates the reversal structure. The pattern shows SOL declining from highs around $270, finding support at $105-110, then gradually building a base through higher lows. The recent breakout above $180 resistance represents the completion of the pattern’s right shoulder. Rounded bottom patterns typically project targets equal to the pattern’s depth, added to breakout levels. Given the approximately $160 depth from $270 to $110, this suggests potential targets in the $340-350 range once the measured move phase completes. The monthly chart perspective shows SOL approaching the $265 previous cycle high that must be overcome to enter uncharted territory toward new all-time highs. Imagine being a $SOL bear. pic.twitter.com/PgAOU3ME6P — DeFi Dev Corp. (@defidevcorp) July 25, 2025 Best Wallet: Final Weeks to Secure $BEST Token Allocation Solana’s technical breakout toward a potential new ATH levels creates an urgent opportunity for early-stage exposure to the Solana ecosystem infrastructure. Best Wallet’s $BEST token presale is entering its final weeks with limited allocation remaining before the window closes permanently. Early investors are securing positions in the comprehensive, multi-chain platform, which is well-positioned for SOL’s explosive growth phase. The $BEST token unlocks exclusive presale launchpad access and staking rewards essential for navigating Solana’s technical acceleration. Early investors have priority access to early-stage Solana projects through Best Wallet’s launchpad, which becomes increasingly valuable for portfolio diversification beyond direct SOL exposure. Best Wallet’s version 2.5.1 offers a secure, non-custodial architecture with Fireblocks MPC integration, alongside support for over 60 blockchains, including comprehensive Solana functionality. The built-in DEX enables optimal SOL swap pricing during volatile breakout conditions, while upcoming Best Card integration allows spending gains with up to 8% cashback. With SOL potentially facing 38-80% upside moves toward $260-350 targets, the limited remaining $BEST token allocation , and approaching presale completion, creates a final opportunity window for investors looking to capitalize on the rally with a promising project. The post Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL appeared first on Cryptonews .
