Solana Soars to 5-Month High — Is a Massive $300 Breakout Just Around the Corner?

Jakarta, Pintu News – After a 34.30% increase, the price of Solana (SOL) is again testing the $190 level – the highest in five months. The last time SOL reached this level was on February 16.

While this surge has been a breath of fresh air for SOL holders, the altcoin looks set to set a new record high. However, achieving this will depend on a number of factors discussed in this analysis.

SOL Mastered by the Bulls (Buyers)

According to CCN (21/7), on the weekly chart, Solana’s price has broken the upper trend line of the symmetrical triangle pattern, signaling a possible end to the long-term consolidation phase.

Read also: Shiba Inu Set to Soar 126% in Short Term According to Analysts!

This breakout is a strong bullish signal, suggesting that SOL may be preparing for a sustained upward movement.

Adding strength to this outlook, the Moving Average Convergence Divergence (MACD) indicator has confirmed a bullish crossover – a key signal that momentum is starting to favor the buyers, and the sideways price movement phase may be over.

In addition, SOL prices have also moved above the 20-week Exponential Moving Average (EMA), reinforcing the bullish technical structure. This movement above the long-term moving average marks the beginning of a new upward trend in price.

If this technical structure is maintained, Solana’s price has the potential to challenge and break the resistance level at $224.25. However, in order to maintain and extend this breakout, the altcoin must remain above the $127.74 support level.

This Altcoin Beats Bitcoin

The SOL/BTC pair further strengthens Solana’s bullish outlook. On the daily chart (21/7), the pair has broken out of the descending channel pattern, which indicates the end of the downtrend and the beginning of a new bullish phase.

A break above the upper trendline of the channel confirmed a trend reversal in SOL’s performance against Bitcoin – a sign that Solana is starting to reclaim its dominance in the market.

The Awesome Oscillator (AO) indicator also recordedhigher highs, reflecting the increasing bullish momentum behind the altcoin’s movement.

Read also: Bitcoin Whale Makes Fantastic Profits, $90 Million in Nine Months!

If this technical structure holds, Solana prices could potentially break the $200 level, in line with the upward trend seen on the price chart against the US dollar.

SOL Price Prediction: Surge Higher

In addition to the previous analysis, CCN notes that the Solana price is currently moving in anascending channel pattern. The Bull Bear Power (BBP) indicator remains above the zero line, supporting abreakout signal.

Meanwhile, the Money Flow Index (MFI) surged to 83.44, indicating very strong buying pressure. If this momentum continues, SOL has the potential to break the nearest resistance at $218.22.

If the breakout is successful, the subsequent upside could push Solana’s market value towards $294.05, opening up opportunities for a psychological push to the $300 level. Beyond that, if buying strength remains high, the rally could continue all the way to $416.71.

However, if demand starts to weaken and buyers lose steam, this bullish scenario could fail to materialize.

Under these conditions, SOL prices are likely to correct to around $142.40 – the area where the lower boundary of the upward channel is located.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Solana Surges to 5-Month Peak, Setting the Stage for a $300 Price Breakout. Accessed on July 22, 2025