Solana Price Forecast: SOL Increases 10.9% This Week – Could a Breakthrough at $185 Occur?

Solana has experienced a notable increase of 10.9% this week, capitalizing on the overall cryptocurrency upswing to approach significant resistance levels near $179.

This surge aligns with improving on-chain metrics, including a rise in Total Value Locked (TVL) from $6 billion to over $9 billion and the count of returning active wallets exceeding 3.3 million users.

Source: TheBlock

Technical analysis indicates that SOL is currently engaged in a significant struggle between discount and premium zones, testing the balance around $179.

The cryptocurrency has been trading within a range of $145-$175, but recent price movements imply that this consolidation phase may be approaching an upward breakout.

Character changes observed during March-April suggested a possible trend reversal, followed by Break of Structure confirmations that validated demand at lower price levels.

Long-term analysis highlights an impressive cup and handle formation that has developed over several years, positioning SOL for a potential breakout towards all-time highs of $295.

Market Structure Tests $189 Breakout Zone

Solana’s 4-hour chart illustrates SOL testing the upper limit of its equilibrium zone, with significant resistance at $189 marking the crucial breakout point.

Source: TradingView

Volume profile analysis indicates a robust support base, as demonstrated by high-volume nodes around $145.

Thinner trading above current levels often leads to rapid movements once resistance is overcome.

The Federal Reserve’s pause and market anticipations for 30-50 basis points of cuts by Q4 2025 create a conducive liquidity environment for high-beta assets like SOL.

Immediate targets following a breakout at $189 include resistance levels at $235 and $263, with analyst forecasts extending to $295, $360, and $402.

Solana-specific drivers, such as strong developer metrics and institutional partnerships, provide fundamental backing for technical breakouts towards these elevated targets.

Weekly Cup and Handle Points to $295 Target

Solana’s weekly chart reveals a substantial cup and handle formation that has been evolving over several years, representing one of the most bullish continuation patterns in technical analysis.

$SOL Solana Weekly Update
Massive cup and handle forming on the weekly timeframe
A new ATH would put this above 295 pic.twitter.com/LVkaSCu4JG

— CJ (@CJsCalls) July 19, 2025

The cup formation illustrates SOL’s ascent to $260 highs, followed by rounded bottom support in the $80-120 range, and recovery forming a classic accumulation structure.

Currently, SOL seems to be developing the handle portion through a slight pullback from the cup’s rim.

This final consolidation phase typically precedes significant breakouts that complete the pattern.

The measured move projection targets $295 for new all-time highs, derived from the cup’s depth and projected upward from the breakout level.

Additionally, global liquidity enhancements, driven by coordinated central bank easing, support the “second leg of liquidity wave,” benefiting cryptocurrencies.

Developments in regulatory clarity, such as the GENIUS Act, provide further support for altcoin allocation strategies as SOL nears the completion of its pattern.

Snorter: Join $1.8M Presale Before Q3 Launch

The $SNORTER token has achieved significant presale success, raising over $2.1 million from investors preparing for Solana’s next growth phase.

With the official Q3 2025 launch approaching quickly, the presale window is closing permanently, presenting a final chance for early adopters to acquire tokens at current prices.

Source: Snorter

$SNORTER token holders unlock various revenue streams through the ecosystem. Staking rewards can reach up to 207% APY for early participants, while reduced trading fees at 0.85% offer ongoing cost benefits compared to competing Solana bots.

Token holders receive governance rights in upcoming DAO decisions and early access to new token launches on the platform.

The tokenomics framework encourages long-term holding through staking mechanisms while supporting platform expansion.

As Solana approaches its potential $295 targets, alternatives also benefit from it, and demand for them increases correspondingly.

Market forecasts suggest that $SNORTER could reach $0.65 by late 2025, propelled by the rising adoption of utility tokens and the growth of the Solana ecosystem.

The limited remaining presale allocation, coupled with an impending launch timeline, creates scarcity dynamics that have historically favored early investors in successful trading infrastructure projects.

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