Solana (SOL) is trading at $149.05, slightly down 0.7%, but the energy in the market is anything but calm. In the last 24 hours, trading volume exploded to $5.07 billion, up by a staggering 78.7%. Over the past week, SOL gained 3.48%, hinting at potential upward pressure as bulls circle the chart.
Crypto analyst CoinCodeCap Trading sees a “bullish breakout” forming from a Channel Down pattern. The upside target is between $160 and $167, promising up to a 10% gain. However, this is not a continuation play, it’s a reversal bet. Traders must tread carefully, as the setup is high-risk, hinging on a speculative ETF rumor.
Downside risk high without ETF developments
Analysts recommend a stop loss at $136 to cap downside risk. Key support levels are at $140 and $125. Resistance looms at $160 and then $180, these are the hurdles bulls must clear. The short-term trend is neutral, but medium to long-term indicators remain bearish, underscoring the risk in any breakout play.
Strategists call this a breakout trade, a volatile, all-in style that rewards speed and precision. With an entry already confirmed, eyes turn toward the $160–$167 mark. If ETF news does hit, the rally could accelerate. But without it, downside pressure could trap late entrants below $140.
Solana price forecast for 2025
DigitalCoinPrice projects a stunning rally by 2025, with SOL potentially breaking its all-time high of $294.33. Their forecast expects SOL to surge between $295.67 and $327.74 before the year ends. That’s more than double the current price, driven by optimism around long-term adoption and institutional interest.
Changelly offers a more conservative picture. It predicts a July 2025 price range between $155.27 and $157.06. The average trade is expected near $158.85, a modest 5.2% ROI. This cautious outlook reflects the broader market’s volatility and regulatory uncertainty, especially around crypto ETFs.
In the end, Solana stands at a crossroads. The next breakout could lead to a sharp rally or a painful drop. Traders must choose: chase the hype or wait for clearer skies. Either way, SOL’s next move may set the tone for the rest of the crypto summer.
