Is Solana Heading for New Highs? | Credit: Hameem Sarwar
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Key Takeaways
Solana (SOL) is approaching the $250 horizontal resistance area.
SOL is creating a massive bullish engulfing candlestick this week.
Can Solana sustain its increase and rise to a new all-time high?
Solana (SOL) has struggled for most of 2025 but is heating up again.
Bulls are eyeing a major breakout that could take the token back to record highs.
With the Solana price trading close to the $250 resistance area, all eyes are on whether it can finally break out.
Why is Solana Going Up?
The Solana price fell after reaching its all-time high of $295.31 in January, creating a long upper wick and triggering a 65% decline in only a few months.
SOL’s downward movement ended with a low of $95.31, after which the price began to rise.
Since then, the price of Solana has increased by more than 150%, hitting a high of $239.80 today.
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Solana is currently approaching the $250 horizontal resistance area, which is the final one before the all-time high.
Therefore, if it can break out, a new all-time high will likely occur by the end of the year.
Technical indicators are decisively bullish. The Relative Strength Index (RSI) crossed 50, and the Moving Average Convergence/Divergence (MACD) is positive.
Previously, an RSI cross above 50 combined with a MACD movement above 0 was a catalyst for a massive rally that led to a new all-time high price.
Because of these readings, the weekly time frame Solana prediction is bullish, suggesting that a new all-time high is likely soon.
Solana’s Parabolic Increase
A closer look at the daily time frame chart shows that SOL has increased alongside a parabolic ascending support trend line since the start of April.
At first, the SOL price followed the parabola closely, until it jumped on Sept. 7. Since then, the price has created five successive bullish daily candlesticks and is currently creating the sixth.
The wave count shows a series of 1-2/1-2/1-2 wave structures, which is a staple structure of a parabolic increase.
If this is the case, the price of Solana is currently in the most rapid portion of its upward movement and will continue to increase in the near future.
Solana Price Prediction 2025
The long-term wave count shows that Solana is in the fifth and final wave of its upward movement that started at the beginning of 2023.
After a long horizontal wave four, SOL is now in the fifth and final wave of its rally, after which a long bear market could happen.
If that is the case, the two most likely targets for a Solana price top are at $426-$459 and $632-$684.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
