SOL price breaks out of a bullish triangle | Credit: Hameem Sarwar
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Key Takeaways
Solana broke out of a symmetrical triangle and confirmed a bullish MACD crossover.
Indicators like the Bull Bear Power and the CMF show sustained buying pressure.
SOL could rally past $252 toward $294, with a bullish extension possibly reaching $418.
Solana (SOL) price briefly surged past $250 yesterday before cooling to around $245 at press time. While the token has retraced slightly, the rally isn’t yet over.
In this analysis, CCN breaks down the key drivers behind Solana’s surge — and reveals how high SOL’s price could climb in the coming months.
Solana Breaks Out
On the 4-hour chart, CCN observed that Solana’s price surged after breaking out of a symmetrical triangle —a bullish continuation pattern that often signals the start of a fresh rally.
In addition, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover, where the MACD line crosses above the signal line.
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This momentum indicator suggests that buying pressure is building and that the current uptrend could extend further.
When breakouts align with a bullish MACD crossover, the probability of sustained gains usually strengthens.
For Solana, this means that the rally could carry momentum beyond the $250 zone, provided volume continues to support it.
By the look of things, SOL’s market value could retest the $250 resistance. If this happens, the altcoin could experience a restart of the rally it has paused from.
The weekly chart also reinforces Solana’s bullish bias. The Bull Bear Power (BBP) has been printing increasingly higher green histogram bars, signaling that buying pressure continues to outweigh selling pressure.
This steady rise in BBP suggests that momentum is building not just in the short term but also on a broader timeframe—supporting the case for further upside in the weeks ahead.
On the daily chart, Solana’s price is currently trading within an ascending triangle, a bullish continuation pattern that precedes a breakout to the upside.
At the same time, the Chaikin Money Flow (CMF) has climbed into positive territory at 0.17, indicating strong capital inflows and growing demand for SOL.
This reinforces the idea that buyers are gaining control and may soon drive the token higher.
If the broader market gets highly bullish going forward, the price might rise as high as $418.35. However, if demand for the cryptocurrency fades, this prediction might not come to pass.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
