{"id":39307,"date":"2025-07-29T11:33:12","date_gmt":"2025-07-29T11:33:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39307"},"modified":"2025-07-29T11:33:12","modified_gmt":"2025-07-29T11:33:12","slug":"can-sol-break-230-these-chart-patterns-say-yes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39307","title":{"rendered":"Can SOL Break $230? These Chart Patterns Say Yes"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Solana has traded sideways for 18 months, unable to close above the $115 support and $230 resistance. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analysts say recent false breakouts may reset the stage for a larger breakout move.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Weekly close above $230 could push Solana toward targets near $295 and possibly beyond.<\/span><\/li>\n<\/ul>\n<h2><b>Range-Bound Movement Continues<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Solana (SOL) has mostly traded between $115 and $230 for the past 18 months, without a clear closure outside this range. Following a 2023 rally, the price went into a wide consolidation period. Since that time, there have been two sharp but non-sustained determinations of the range.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the first came in January 2025 when SOL briefly broke above $230. The second occurred in April 2025 when the price fell below $115 but quickly recovered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to analyst BitBull, this structure \u201cresembles a 2023 pattern\u201d that preceded a strong move. At the time of writing, SOL trades at $186.. Daily volume sits near $9.5 billion. The asset has lost 3% in the last 24 hours and 6% over the week. Despite the decline, the price remains near the upper end of the range.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SOL<\/a> has been consolidating for almost 1.5 years now.<\/p>\n<p>It had a false breakout in Jan 2025, and then a false breakdown in April 2025.<\/p>\n<p>Interestingly, this is very similar to a 2023 fractal which led to a major breakout.<\/p>\n<p>Right now, Solana network activity is still strong while\u2026 <a href=\"https:\/\/t.co\/vxrANmLLds\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/vxrANmLLds<\/a><\/p>\n<p>\u2014 BitBull (@AkaBull_) <a href=\"https:\/\/twitter.com\/AkaBull_\/status\/1950101887014879501?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>False Breakouts May Have Cleared the Field<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The January breakout failed to hold above resistance and reversed. In April, a quick drop below $115 was also undone. These events may have removed short-term speculation and reset the order book.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The current range between $185 and $195 is holding. SOL is pressing against the upper boundary again. BitBull stated,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cAll it needs now is a weekly close above $230, and SOL parabolic run will start.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Price behavior near this level could shape the next phase.<\/span><\/p>\n<h2><b>Trendline Break Signals Possible Shift<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In parallel, analyst RJTTheOG <\/span><a href=\"https:\/\/x.com\/RJTTheOG\/status\/1949751432820793719\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">pointed out<\/span><\/a><span style=\"font-weight: 400;\"> that SOL has broken out of a long-standing downtrend. Following that move, the price gained over 40%. The next resistance is near $206, followed by the all-time high at $295.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RJTTheOG said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cIn this bull run, a move 20\u201330% above its all-time high is on the table.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Interestingly, that would place targets in the $355\u2013$385 zone. Analyst Jonathan Carter also <\/span><a href=\"https:\/\/cryptopotato.com\/solana-bounce-incoming-chart-points-to-205-and-beyond\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">identified<\/span><\/a><span style=\"font-weight: 400;\"> $180 as an area to watch. He noted that price holding above this level could open a move toward $205, $225, and $268.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As <\/span><i><span style=\"font-weight: 400;\">CryptoPotato<\/span><\/i> <a href=\"https:\/\/cryptopotato.com\/sui-sol-and-more-686m-token-unlock-wave-set-for-this-week\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\">, Solana will release 465,000 tokens this week, worth approximately $87.6 million. These are part of broader token unlocks across the crypto market, totaling more than $686 million. Market watchers will follow how SOL behaves as new supply enters circulation.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/can-sol-break-230-these-chart-patterns-say-yes\/\" rel=\"nofollow\">Can SOL Break $230? These Chart Patterns Say Yes<\/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 has traded sideways for 18 months, unable to close above the $115 support and $230 resistance. Analysts say recent false breakouts may reset the stage for a larger breakout move. Weekly close above $230 could push Solana toward targets near $295 and possibly beyond. Range-Bound Movement Continues Solana (SOL) has mostly traded between [&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-39307","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\/39307","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=39307"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39307\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}