Solana (SOL) Poised to Surge to $160? Analysts Predict an Inevitable Rise

Updated

July 10, 2025

Gambar Solana (SOL) Poised to Surge to $160? Analysts Predict an Inevitable Rise

Jakarta, Pintu News – The recent flattening of the crypto market has revealed interesting dynamics on Solana , which is currently sandwiched between two key levels. Some analysts think that the cryptocurrency will soon breakout and reclaim an important resistance level, which could trigger a test back to the $200 mark.

Solana Retains Key Support

$147.59 is one of the most important support levels for Solana $SOL! pic.twitter.com/5q0lcpHwrj
— Ali (@ali_charts) July 8, 2025

After recovering from last month’s drop, Solana (SOL) is struggling to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency has been trading in the $140-$180 range for the past two months, but lost its post-breakout range in late June.

This shows that Solana (SOL) still has the strength to maintain its position in the market. With strong support at $140 and challenging resistance at $180, Solana (SOL) shows potential that should not be ignored. Market participants continue to monitor this movement, waiting for a clear signal that Solana (SOL) is ready to resume its rise. This stability gives hope to investors who have been waiting for bullish momentum.

Also Read: Ethereum Transformation Secrets – How Big of an Impact on Cryptocurrency Prices?

Solana (SOL) Ready to Retest $160?

$SOL: Key support to maintain upside pressure is at $141.91. A sustained break below this level would suggest that wave-C of (ii) is already underway. pic.twitter.com/kKdRSWvgtH
— Man of Bitcoin (@Manofbitcoin) July 7, 2025

Analyst Carl Runefelt of The Moon Show asserts that Solana (SOL) is “close to breaking out” of the triangle formation and testing the $162 resistance. As the price compressed between the upper and lower boundaries, the analyst suggested that a breakout of the cryptocurrency is on the horizon. This signals that the consolidation phase may be coming to an end.

According to Runefelt, the cryptocurrency is preparing to continue its rally, with a target high of one week and resistance at $160. If Solana (SOL) manages to pass this stage, it will be a positive signal for traders and investors who have been following its development. This rise could also pave the way to higher levels.

Bitcoin (BTC) Impact and Future Projections

#Solana is about to break out of this triangle and test the resistance at $162!

The technical target is $167🎯

🟨 Trade $SOL on WEEX — https://t.co/9OSGqK8UTY
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— Carl Moon (@TheMoonCarl) July 8, 2025

Crypto Jelle highlighted that despite the downside deviation in April, Solana (SOL) continues to trade within the $125-$180 Macro Range, currently hovering around the middle of the range. According to him, “it looks like it’s just waiting for Bitcoin to breakout. Once it reclaims $160, $200 should come quickly. Above there, new record highs are within reach.”

$SOL

Breakout ✅
Retest ✅
Continuation to $160? 🤔 pic.twitter.com/fsGvyVaA07
— The Cryptomist (@Thecryptomist) July 8, 2025

The interconnection between the price movements of Solana (SOL) and Bitcoin (BTC) shows how important an influence the major cryptocurrency has on other altcoins. If Bitcoin (BTC) goes up, this often has a positive impact on other cryptocurrencies like Solana (SOL), which can follow in its footsteps.

Conclusion

By all indications and analysis from experts, it seems only a matter of time before Solana (SOL) reaches the $160 level again and surpasses it. The stability shown in recent months and the strong support at key levels provide a solid basis for further potential gains. Investors and market watchers will continue to pay close attention to any moves from Solana (SOL) in the days ahead.

Also Read: Here are the Shocking Facts Behind Altcoins: Can it really be more profitable than Bitcoin?

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