Solana is striving to break the $180 resistance level after rebounding from the support below $170. The overall crypto market, led by Bitcoin reaching above $111.8K, is expected to positively impact altcoins like Solana.
Despite a recent pullback, SOL price remains within an ascending triangle pattern, showing signs of bullish momentum. StochRSI is indicating a potential bullish reversal, and MACD suggests a decrease in selling pressure.
In the short term, SOL price is approaching the end of an ascending triangle, hinting at a breakout before the month ends. The price is expected to consolidate near $190 and may face challenges in surpassing $200.
The long-term Solana price prediction for 2025 is optimistic, with forecasts suggesting a potential surge to new highs above $500, emphasizing a bullish outlook for the cryptocurrency.