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TL;DR<\/b><\/p>\n Solana (SOL) has mostly traded between $115 and $230 for the past 18 months, without a clear closure outside this range. Following a 2023 rally, the price went into a wide consolidation period. Since that time, there have been two sharp but non-sustained determinations of the range.\u00a0<\/span><\/p>\n Notably, the first came in January 2025 when SOL briefly broke above $230. The second occurred in April 2025 when the price fell below $115 but quickly recovered.<\/span><\/p>\n According to analyst BitBull, this structure \u201cresembles a 2023 pattern\u201d that preceded a strong move. At the time of writing, SOL trades at $186.. Daily volume sits near $9.5 billion. The asset has lost 3% in the last 24 hours and 6% over the week. Despite the decline, the price remains near the upper end of the range.<\/span><\/p>\n $SOL<\/a> has been consolidating for almost 1.5 years now.<\/p>\n It had a false breakout in Jan 2025, and then a false breakdown in April 2025.<\/p>\n Interestingly, this is very similar to a 2023 fractal which led to a major breakout.<\/p>\n Right now, Solana network activity is still strong while\u2026 pic.twitter.com\/vxrANmLLds<\/a><\/p>\n \u2014 BitBull (@AkaBull_) July 29, 2025<\/a><\/p>\n<\/blockquote>\n The January breakout failed to hold above resistance and reversed. In April, a quick drop below $115 was also undone. These events may have removed short-term speculation and reset the order book.<\/span><\/p>\n The current range between $185 and $195 is holding. SOL is pressing against the upper boundary again. BitBull stated,\u00a0<\/span><\/p>\n \u201cAll it needs now is a weekly close above $230, and SOL parabolic run will start.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n Price behavior near this level could shape the next phase.<\/span><\/p>\n In parallel, analyst RJTTheOG <\/span>pointed out<\/span><\/a> that SOL has broken out of a long-standing downtrend. Following that move, the price gained over 40%. The next resistance is near $206, followed by the all-time high at $295.<\/span><\/p>\n RJTTheOG said,\u00a0<\/span><\/p>\n \u201cIn this bull run, a move 20\u201330% above its all-time high is on the table.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n Interestingly, that would place targets in the $355\u2013$385 zone. Analyst Jonathan Carter also <\/span>identified<\/span><\/a> $180 as an area to watch. He noted that price holding above this level could open a move toward $205, $225, and $268.<\/span><\/p>\n As <\/span>CryptoPotato<\/span><\/i> reported<\/span><\/a>, Solana will release 465,000 tokens this week, worth approximately $87.6 million. These are part of broader token unlocks across the crypto market, totaling more than $686 million. Market watchers will follow how SOL behaves as new supply enters circulation.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Range-Bound Movement Continues<\/b><\/h2>\n
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False Breakouts May Have Cleared the Field<\/b><\/h2>\n
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Trendline Break Signals Possible Shift<\/b><\/h2>\n
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