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Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout

2025-07-10 09:55:22

Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout

Main Idea

Solana (SOL) is showing bullish signals with a breakout from a triangle pattern, targeting $164, but risks invalidation if it falls below $147.

Key Points

1. Solana has broken out of a triangle pattern and reclaimed key support, with analysts targeting $164 if it holds above $153.54.

2. The bullish setup could be invalidated if SOL drops below $147, a crucial psychological and technical support level.

3. Trading volume has spiked as SOL nears $158, indicating renewed upward momentum.

4. Analysts like Ali Martinez and Crypto Patel highlight the breakout but emphasize the importance of maintaining key support levels.

5. Solana's current price is $157.35, up 3% in 24 hours, with a market cap of $84.24 billion and trading volume exceeding $5.2 billion.

Description

Solana breaks out of triangle pattern, targets $164 after reclaiming key support Analysts confirm bullish setup, but warn invalidation if SOL falls below $147 Trading volume spikes as SOL nears $158, hinting at renewed upward momentum Solana ($SOL) is once again stirring up excitement in the crypto world, as analysts believe a new rally could be underway. The token has broken through a key resistance level, and its technical setup suggests the potential for significant gains. With prices current...

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