

Solana (SOL) shows strong signs of a major price rally, with analysts pointing to technical levels that could propel the asset toward key price targets.
An analysis by @CryptoELlTES highlights that Solana has decisively broken above its long-term descending trendline from 2021, a move that signals the potential for explosive price action. @CryptoELlTES suggests that SOL could soon enter price discovery, targeting levels as high as $450, $678, and $1,099.
Solana Prepares for a Massive Move!
The 2021 downtrend has been broken, and Solana is holding above it.
Here are my targets:
1️⃣ $450
2️⃣ $678
3️⃣ $1,099◾️The technical outlook is fully positive—big moves ahead! #Solana $Solana #Sol $Sol https://t.co/qsEPRJeSmu pic.twitter.com/FmL2gIcLA0
— @CryptoELlTES (@CryptooELITES) January 24, 2025
According to an analysis of @CryptoELlTES’ chart, Solana has breached a descending resistance trendline dating back to its 2021 cycle peak. This breakout confirms a structural reversal, turning prior resistance into support.
This shift strengthens the bullish case for SOL, as it aligns with the classic breakout-retest strategy. The formation suggests the price could sustain its upward momentum, provided it holds above the key breakout zone.
SOL Patterns Signal Continuation Toward Higher Targets
Chart patterns further support the bullish case for Solana. The chart displays a Cup & Handle pattern, a formation known for signaling strong continuation trends.
The rounded bottom (Cup) represents a prolonged accumulation phase, while the Handle portion reflects consolidation before a breakout. If the pattern completes, SOL could see an aggressive move toward higher price levels, with potential targets at $400, $680, $1,000, and $1,600 as noted by the expert.
One of the key confirmations of this bullish outlook is the surge in trading volume, indicating strong buying interest. High volume during a breakout often validates its strength, reducing the likelihood of a false move.
Read also: How Much Will 130 Raydium (RAY) Tokens Be Worth in 2025?
Solana’s Price Action Reflects Market Optimism
As of the latest data from CoinGecko, Solana is trading at $249.16, with a 24-hour volume of $8.03 billion.
Despite a 4.43% decline in the past day, SOL has gained 9.06% over the past week. @CryptoELlTES remains optimistic that, should the breakout sustain, Solana could be on track for a parabolic rally toward its next major targets.
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