Solana Price Eyes $230 After Reclaiming Support: Can Bulls Break Resistance?

Solana (SOL) price action has entered a critical phase, with multiple analysts confirming bullish patterns across weekly and intraday charts.

The leading altcoin has gained stability above major support zones following a retest of previous resistances, and the force is rising toward an explosion.

As the $185 resistance is in sight, analysts are anticipating a move to $230 in the next few weeks.

Solana Price Reclaimed Key Levels After Retesting $130 Breaker

An analyst shared a weekly structure highlighting how the SOL price perfectly respected previous predictions. The move to reject the resistance zone had turned the $130 breaker into a powerful support.

According to the chart, Solana price has reclaimed territory above the breaker zone and is currently targeting the $185 resistance.

According to JACKIS, the next major target was regaining above $185 with a potential growth to reach around $230.

That zone represented a region of weekly inefficiency, an area where price had moved too fast in the past and left unfilled orders.

If buyers push through the red resistance, this inefficiency could act as a magnet for SOL price to revisit previous highs.

This larger configuration indicates that Solana is constructing a stair-step bullish formation re-testing former resistances that are transforming to support.

The persistence of these levels in the past seven months provided additional support to the bullish continuation thesis.

Bullish Patterns Build Base for Continuation

On the 4-hour chart, BitGuru noted that the Solana price is building a textbook higher-low setup. After a recent pullback from $159.99, the SOL price is now holding above short-term support at around $149.

This area has been a resistance in the past, and it has turned out to be a bullish continuation point.

BitGuru noted that such a structure is an indicator of good momentum in trending markets. The chart had a notable double bottom and inverted head and shoulders formation, whose right shoulder is being built at present.

When confirmed, the formations frequently result in breakouts to new highs. The next resistance is around $168.49, and a positive move above that may prompt another go at $180.

Additionally, the breakout and accumulation phase of higher timeframes would coincide with the intraday phase, strengthening each other. The confluence reinforces the odds of a prolonged rally so long as buyers hold $149 support.

Bounce off of 140 Zone Will Power Local High Retest

Furthermore, CryptoAM17 also weighed in and predicted SOL price rebound inside the $140 area and another new approach to overcome the $180 highs.

This area has consistently been a demand zone since mid-June and provided good buy-side interest whenever the Solana price nears it.

The chart has been exhibiting uniformly higher lows since June 25, even when there was macro volatility in the larger crypto market.

This suggests that Solana price is exhibiting relative strength, especially compared to other altcoins still stuck in broader downtrends.

When Solana price breaks above the $180 neckline with strong volume, it would confirm last week’s continuation pattern and signal to bulls that the overall uptrend remains intact.

The critical point to monitor is now the $185 point, which a break higher would clear the way to $230.

Falling Wedge Nears Completion as Solana Eyes Breakout

Meanwhile, according to Cryptomist, SOL is approaching the end of a falling wedge, with price touching the lower boundary and attempting a bounce. Remarkably, a breakout beyond the wedge resistance usually leads to rapid upward movement.

She noted that if the token bounces off the wedge support, she plans to long SOL price to $162. This arrangement reinforced past analysis that pointed to short-term momentum forming underneath resistance.

Solana price is currently trading at $148.65, and the completion of the falling wedge might well correspond to a more extensive rally attempt in higher timeframes.

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