Solana Price Prediction: Will History Repeat To Usher New High?

Solana (SOL) price shows a trend similar to its price action in Q4 2022. The previous patterns saw a double bottom formation and consolidation leading up to a major breakout rally.

This draws the analysts’ attention, who predict that Solana will hit $160 to $180 by May 2025 and retest the ATH by Q3 of the same year.

Based on the analyst’s chart, the fractal points show that Solana can quickly form a bottom in market capitulation. A steady accumulation and strong breakouts of the bullish trend could then follow this.

SOL price bottomed out near $8 after an entire downtrend during Q4 2022. From this base, it began a multi-month rally topping above $125 by March 2024. However, a chart overlaps the current price movement, and it looks almost identical.

This is a bottom between Q1 2025 near $115, a sharp bounce, and some consolidation at key resistance levels. The chart indicates the possibility of another bullish phase following the same cycle as the previous one, which was made possible by Solana.

Solana Historical Analysis: Repeating Cycles, Key Levels, Price Prediction

The view favours Solana revisiting a familiar structure supported by the technical charts. The coin is remembered for its aggressive selling pressure in late 2022, but it created a classic double bottom at around $8.

This structure is commonly taken as a reversal signal because downward momentum is fading. In early 2023, SOL did follow this pattern, and it rallied through and broke through resistance in the $20–$25 zone.

In the present context, the daily chart (first image) shows a double bottom structure in the $115 zone with an upward rebound, which is nearing the $180 resistance area.

The area had itself as a turning point around late 2023. Analysts believe that if Solana can pass this point with conviction, it may reclaim the $260–$300 range, where it has acted as support and resistance in the past.

Solana’s inability to rally above $260 in early 2024 led to a sharp retracement on the chart, which broke. As a result, any attempt in this zone should be regarded as watched for confirmation of trend continuation.

Rising Wedge Formation Approaches a Close

According to the latest data from CoinMarketCap, this is down almost 0.05% over the past 24 hours as SOL price trades at $140.77. The daily trading volume spiked by 17.58% to $3.13 billion.

On the 4 hour chart (image 3), it is evident that a ‘Rising Wedge’ pattern is forming (image 3). Most often referred to as bearish, this pattern is defined by converging trendlines forming an upward slope, suggesting a breakdown if upward momentum fails. This would confirm the already established bottoming at the $112 – $115 level.

The Average Directional Index (ADX) currently averages 25.63, meaning the trend is moderately strong. ADX is below the stronghold threshold (typically 30), but the increase is steady.

This means that momentum is building, but cautiously. The immediate resistance for Solana is between $160 and $180. The entire zone here was contested hard in late 2023, and the break either way likely will continue to set the short-term to mid-term direction.

Breaking above this range on high volume closes does open up a path to $260, which is very connected to previous tops before the early 2024 correction.

This zone also covers the key psychological level of $200, which often serves as a ceiling for SOL price. It is a magnet for price action and an essential reserve. It would elicit loads of bullish sentiment and further institutional interest if breached.

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