{"id":38805,"date":"2025-07-25T13:31:53","date_gmt":"2025-07-25T13:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38805"},"modified":"2025-07-25T13:31:53","modified_gmt":"2025-07-25T13:31:53","slug":"solana-bounce-incoming-chart-points-to-205-and-beyond","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38805","title":{"rendered":"Solana Bounce Incoming? Chart Points to $205 and Beyond"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Solana retests breakout level after triangle formation, with traders watching $180 for confirmation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">On-chain data shows 8M SOL bought at $190, hinting at strong support above resistance.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Network upgrade boosts Solana\u2019s block capacity by 66%, with MetaMask adding native support.<\/span><\/li>\n<\/ul>\n<h2><b>SOL Pulls Back to Key Breakout Level<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Solana (SOL) is trading around $181 after a brief drop of just over 2% on the day. Over the past week, the price has still been up slightly. On the daily chart, the token has broken above the top of an ascending triangle, a structure that has been forming since March, and is now retesting the breakout zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analyst Jonathan Carter pointed to this area as a possible support level.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cA successful bounce could confirm the bullish breakout and drive the price toward targets at $205, $225, and $268,\u201d he said.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The triangle shows a clear uptrend in lows while the price has been pressing against resistance near $180.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#SOL<\/a><\/p>\n<p>Solana is retesting the upper border of an ascending triangle pattern on the daily chart<\/p>\n<p>A successful bounce could confirm the bullish breakout and drive the price toward targets at $205, $225, and $268 <a href=\"https:\/\/t.co\/aNCiKRegDx\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/aNCiKRegDx<\/a><\/p>\n<p>\u2014 Jonathan Carter (@JohncyCrypto) <a href=\"https:\/\/twitter.com\/JohncyCrypto\/status\/1948695119906906194?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Breakout Targets: $205, $225, $268<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If the retest holds, traders are watching for price moves toward $205 first level, where the asset reversed in April. The next area is $225, where SOL paused during a range earlier this year. A breakout beyond that would put $268 in play, which matches the measured height of the triangle from the breakout zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, there is a wider resistance area around $295, but that would only become relevant after a clean move above $268. Volume has been moderate during the recent push, and the current pullback gives the market a chance to test whether buyers will defend the breakout.<\/span><\/p>\n<h2><b>On-Chain Data Supports the Range<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As <\/span><i><span style=\"font-weight: 400;\">CryptoPotato<\/span><\/i> <a href=\"https:\/\/cryptopotato.com\/solana-sol-price-set-for-lift-off-if-190-resistance-cracks\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\">, data shows that over 8 million SOL were previously bought near $190. This could act as a key level if the price moves higher. Above that, fewer traders are positioned to sell, which may reduce selling pressure and make it easier for the price to move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RSI is close to 70. While this signals some overextension, it does not yet suggest a sharp reversal. A short consolidation would be standard in this kind of setup.<\/span><\/p>\n<h2><b>Network Growth and Market Signals<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ali, another market analyst, <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1948412610291859677\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> the TD Sequential tool is flashing a buy signal for SOL. This comes just as the Solana blockchain <\/span><a href=\"https:\/\/cryptopotato.com\/solana-to-boost-block-capacity-by-66-with-simd-0286-upgrade\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">prepares<\/span><\/a><span style=\"font-weight: 400;\"> for a 66% increase in block capacity from 60 million to 100 million Compute Units under a network upgrade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Separately, MetaMask and Transak <\/span><a href=\"https:\/\/cryptopotato.com\/metamask-expands-to-solana-network-through-transak-partnership\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">confirmed<\/span><\/a><span style=\"font-weight: 400;\"> a partnership that brings native support for Solana to MetaMask. This marks the wallet\u2019s first major step beyond Ethereum and will allow users to buy SOL with fiat directly through Transak.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/solana-bounce-incoming-chart-points-to-205-and-beyond\/\" rel=\"nofollow\">Solana Bounce Incoming? Chart Points to $205 and Beyond<\/a> appeared first on <a href=\"https:\/\/wordpress-433650-5559317.cloudwaysapps.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Solana retests breakout level after triangle formation, with traders watching $180 for confirmation. On-chain data shows 8M SOL bought at $190, hinting at strong support above resistance. Network upgrade boosts Solana\u2019s block capacity by 66%, with MetaMask adding native support. SOL Pulls Back to Key Breakout Level Solana (SOL) is trading around $181 after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38805","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38805"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38805\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}