{"id":5843,"date":"2025-07-09T18:13:27","date_gmt":"2025-07-09T18:13:27","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/solana-ready-for-160-reclaim-analysts-say-breakout-is-a-matter-of-time\/"},"modified":"2025-07-09T18:13:27","modified_gmt":"2025-07-09T18:13:27","slug":"solana-ready-for-160-reclaim-analysts-say-breakout-is-a-matter-of-time","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/solana-ready-for-160-reclaim-analysts-say-breakout-is-a-matter-of-time\/","title":{"rendered":"Solana Ready For $160 Reclaim? Analysts Say Breakout Is A Matter Of Time"},"content":{"rendered":"

As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier.<\/p>\n

Solana Holds Key Support<\/h2>\n

After recovering from last month\u2019s downtrend, Solana has been attempting to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency traded between the $140-$180 range for two months, but briefly lost its post-breakout range in late June.<\/p>\n

Two weeks ago, SOL fell below the $130 area, hitting a two-month low of $126 on June 22. Since then, the altcoin has recovered, fueled by last week\u2019s launch of a Solana staked crypto Exchange-Traded Fund (ETF) in the US by Rex Shares.<\/p>\n

Following the news, Solana\u2019s price jumped toward the $160 resistance level but was rejected, hovering between the $145-$155 price range for the past week. On Tuesday, SOL fell below the $150 level, hitting the $147 support before bouncing.<\/p>\n

Analyst Ali Martinez noted<\/a> that the $147.59 area is one of the most important support levels for Solana, as losing this level could trigger a pullback to the next key zone around the $141 mark.<\/p>\n

Similarly, market watcher Man of Bitcoin affirmed<\/a> that SOL\u2019s key support to maintain is around $141.91, adding that \u201ca sustained break below this level would suggest that wave-C of (ii) is already underway.\u201d<\/p>\n

The analyst previously warned that there is a potential scenario \u201cwith one more low in wave-5,\u201d if the cryptocurrency doesn\u2019t hold about the $148 mark. However, maintaining this support would build a base to target the local highs.<\/p>\n

SOL About To Retest $160?<\/h2>\n

Analyst Carl Runefelt from The Moon Show affirmed that SOL is \u201cabout to break off\u201d a triangle formation and test the $162 resistance. As the price compresses between the upper and lower boundaries, the analyst suggested that the cryptocurrency\u2019s breakout is around the corner.<\/p>\n

\"Solana\"<\/p>\n

Notably, Solana has been forming a one-week symmetrical triangle pattern in the daily chart. If the cryptocurrency successfully breaks above the $152-$153 zone, it could see a 10.87% jump toward the technical target of $167.<\/p>\n

The Cryptonomist highlighted<\/a> that SOL broke out of a multi-day diagonal resistance on Sunday, which was retested and confirmed as support after bouncing around the $147 twice since the breakout.<\/p>\n

The analyst considers that the cryptocurrency is preparing for a continuation of its rally, targeting the one-week high and resistance of $160.<\/p>\n

Meanwhile, Crypto Jelle noted<\/a> that despite the April downside deviation, Solana continues to trade within its $125-$180 Macro Range, currently hovering around the mid-range. To him, \u201cit looks like it’s just waiting for BTC to break out. Once it reclaims $160, $200 should come quickly. Above there, new all-time highs are within reach.\u201d<\/p>\n

As of this writing, Solana is trading at $151.51, a 3.6% increase in the weekly timeframe.<\/p>\n

\"solana,<\/p>\n","protected":false},"excerpt":{"rendered":"

As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier. Solana Holds Key Support After recovering from last month\u2019s downtrend, Solana has been attempting to…<\/p>\n","protected":false},"author":1,"featured_media":5844,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[42,713,468,782,281,33,200,2639,2806,2582,405,989,214],"class_list":["post-5843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-recovery","tag-crypto-market-retrace","tag-crypto-trader","tag-cryptocurrency-market-news","tag-sol","tag-sol-analysis","tag-sol-ath","tag-sol-breakout","tag-sol-price","tag-solana-etfs","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5843"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5844"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}