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Solana’s price remains stable around the $185 mark, following its successful breakthrough of a key resistance level near $180 last Friday.
This advancement positions SOL for potential movements towards the next resistance targets at $192 (initial barrier) and $205 (notable resistance zone).
Currently trading at $187.19, SOL has shown remarkable recovery momentum, achieving a 31% increase over the past month while sustaining a market capitalization of $100 billion.
Solana didn’t make noise this bull run — it just delivered.
Now $SOL is back above $200 and showing real strength.
Once it flips $295, the next level is $500.
Feels like a good time to look at SOL again. pic.twitter.com/qJnuHjCveH— RJT. WAGMI (@RJTTheOG) July 27, 2025
Solana Price Eyes $192 Breakout Following Network Block Upgrades
Solana seems to be enhancing its infrastructure in anticipation of growth. On July 22, the Solana network expanded its block capacity by 20%, increasing the limit to 60 million compute units (CU).
Mert Mumtaz, co-founder and CEO of Helius (a platform offering infrastructure and development tools for Solana), stated via X that this upgrade allows the network to handle more transactions within each block.
Solana blocks are now 20% bigger — what does this mean?
on Solana, every transaction sent consumes resources
we call this resource “compute units” or CUs — like fuel for a car
every transaction consumes a different amount of CUs depending on its complexity, a simple transfer… https://t.co/4XOYZDUTtH— mert | helius.dev (@0xMert_) July 23, 2025
Many analysts currently regard the existing Solana price levels as appealing opportunities for accumulation.
Recently, Nasdaq-listed DeFi Development Corp announced that it is just one token purchase away from acquiring 1 million SOL (valued at $187 million) for its treasury reserves.
Bitcoin mining firm Bit Mining also disclosed on July 10 that it intends to raise $200-300 million to establish a Solana treasury.
Cryptocurrency analysts indicate that with this level of institutional accumulation, once Solana exceeds the $200 mark, there is minimal resistance between that level and $250.
Notice that once Solana $SOL breaks above $200, there’s little to no resistance standing in the way of a run to new all-time highs. pic.twitter.com/AnqwqaC1m1
— Ali (@ali_charts) July 26, 2025
Solana Price Analysis: Inverse H&S Pattern Points to $220 Bullish Reversal
The SOL/USDT daily chart indicates a developing inverse head and shoulders pattern, a recognized bullish reversal formation.
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This pattern features clearly defined left shoulder, head, and emerging right shoulder components, suggesting a potential upside breakout if the price closes above the neckline area, which corresponds to the $200-$205 zone.
Source: TradingView
The RSI reading of 67.04 is just below the overbought threshold of 70, indicating ongoing strength without excessive buying pressure.
If SOL can maintain support above $180 and achieve a convincing neckline break, the projected target is approximately $223, marking the completion of the inverse head-and-shoulders pattern.
Snorter Bot: New Way to Find Hot Solana Tokens
While major companies are acquiring SOL, there has been considerable excitement surrounding new meme coins on the Solana network, particularly on a platform called BONKfun.
The challenge is that many of these new coins are not listed on the popular exchanges where typical users usually purchase crypto.
This is where Snorter Bot (SNORT) comes into play. This new initiative is designed to identify promising tokens before they gain popularity and their prices increase.
Source: Snorter Bot
Snorter is a trading bot accessible through Telegram, specifically designed for the Solana network, enabling it to operate quickly to help users discover favorable investment opportunities early.
The company behind Snorter is currently conducting an early sale, allowing investors to purchase their $SNORT tokens before they are available to the general public.
To date, they have raised over $2.4 million from investors who support the project.
If you wish to participate early, $SNORT tokens are currently available for $0.0995 each.
This price will only be valid for 24 hours before it increases, as part of their two-day pricing strategy.
The post Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains appeared first on Cryptonews.
