Solana Set to Surge: Breaking Through $165 Resistance Soon!
Solana (SOL) Price Analysis: Bullish Trends and Future Predictions
Current Market Overview
As of July 12, 2025, Solana (SOL) has experienced a notable increase, surpassing key moving averages and reaching a peak price of $168. This upward movement reflects a significant shift in market sentiment.
Long-Term Price Forecast: A Bullish Outlook
On June 28, Coinidol.com reported that Solana’s price broke above the 21-day Simple Moving Average (SMA). For a week, the cryptocurrency traded below the 50-day SMA but maintained support above the 21-day SMA.
On July 9, Solana initiated a bullish trend, breaking through the 50-day SMA and hitting $168. However, the momentum faltered at this level, and by July 10, the price fell below the moving averages as buyers struggled to maintain their bullish stance.
Currently, Solana is testing the resistance level of $168 again, attempting to regain upward momentum. A successful breakout above this threshold could propel the altcoin to $180, while it oscillates just below its previous high.
Analyzing Solana’s Price Indicators
On July 9, Solana’s price action moved above the horizontal moving averages, indicating a potential continuation of the upward trend. The 4-hour chart shows upward-sloping moving averages, with the 21-day SMA acting as a support level above the 50-day SMA.
Key Supply and Demand Zones
- Supply Zones: $220, $240, $260
- Demand Zones: $140, $120, $100
Future Prospects for Solana
Currently, Solana is positioned within a bullish trend zone, although momentum has stalled just below the $165 mark. The 4-hour chart indicates that the price is above the 21-day SMA but remains under the $165 resistance. The cryptocurrency is gradually approaching the moving averages.
For the bullish trend to persist, Solana must find support above the moving averages. Conversely, if it fails to do so, the price may revert to its previous lows.
Disclaimer
This analysis represents the author’s personal views and should not be interpreted as financial advice. Readers are encouraged to conduct their own research before making investment decisions.
