How Will Solana Fare the Rest of 2025? | Credit: Veronica Cestari
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Key Takeaways
The Solana (SOL) price trades in a range between $125 and $210.
Solana trades inside a short-term ascending wedge pattern.
Can SOL reach a new all-time high this cycle, or are new lows more likely?
Solana (SOL) has been consolidating in a broad trading range, leaving traders questioning whether the next big move will be a breakout or breakdown.
Despite several breakout attempts, momentum indicators remain neutral, making the short-term outlook uncertain.
With a bearish wedge pattern forming, the coming weeks could decide whether SOL revisits lower supports or builds momentum toward new highs.
Solana Price Analysis
The weekly time frame Solana chart shows that the price has traded between $125 and $210 since the start of 2024.
SOL deviated above this level in January, reaching its all-time high, but has fallen since, creating a descending resistance trend line.
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The deviation below the range low (green icon) triggered an upward movement, and the SOL price has increased since, breaking out from the resistance trend line.
Despite the breakout, it failed to move above the range high, creating a long upper wick (red icon). The rejection confirmed the $215 area as resistance.
The Solana to Ethereum (ETH) chart does create the same optimism. SOL has fallen by 50% since April, and neither the RSI nor MACD shows signs of a bullish trend reversal.
The only saving grace is that the SOL price has nearly reached the confluence of support levels at 0.039 ETH, created by a horizontal support area and the 0.618 Fibonacci retracement support level.
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.
