Buyers of Solana maintain $170 minimum price, analysts anticipate Solana's price surge to $205
In the dynamic world of cryptocurrencies, Solana (SOL) is making headlines with its current technical setup and bullish momentum. The digital asset has formed an ascending triangle on the four-hour chart, a pattern often associated with upward continuation.
This technical formation is taking shape around key levels of $170 and $180. As a continuation pattern, an ascending triangle suggests a likely breakout to the upside once resistance near $180 is decisively broken.
Recent market activity has been robust, with Solana experiencing a 33% monthly price increase and an 87% rise in trading volume. This surge has seen the price breach the $200 mark in July and August 2025, briefly touching near $203. This indicates that the $180 resistance may be turning into support.
Market analysts and influencers are optimistic about Solana's future, with some forecasts predicting gains as high as $250 or even $300 by late 2025, assuming broader market trends remain positive.
The ascending triangle is characterised by a horizontal resistance close to $180 and ascending support near $170. Volume spikes accompany price advances, reinforcing the likelihood of a bullish breakout. A successful break above $180 could propel SOL swiftly towards $250 and potentially $300.
The $170 level now acts as a strong support, providing a safety buffer during consolidation or pullbacks. If Solana retests $170 and rebounds, it could indicate a potential breakout.
The balance between buyers and sellers in the $170 to $180 range will determine Solana's next move. Daily trading volume for Solana is above $5.8 billion, and volume is increasing near the $170 level, suggesting accumulation before a potential upside breakout. The $170 zone has become a "liquidity fortress" due to repeated strong buy orders.
At the time of writing, Solana's current price is $174.45. The $180 zone serves as potential breakout resistance in the ascending triangle pattern. A clean retest of $170 could confirm buyer strength and set the stage for a breakout. A clean retest of $170 support could offer optimal entry for traders ahead of a rally.
However, Solana has experienced a 4.66% decline over the past day, but remains up 4.57% in the last week. Investors watch closely for sustained support at $170 and a decisive close above $180 to confirm this bullish case. The short-term price target stands at $205 if Solana clears the $180 resistance zone. The $180 mark remains the immediate hurdle, capping the ascending triangle's upper range.
In conclusion, the technical setup, bullish volume, and market sentiment suggest that Solana is positioned for an upward breakout above $180. If positive momentum continues, potential next targets could be $250 and $300 by late 2025.
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