Solana price eyes a breakout past $180 resistance, fueled by a classic cup and handle pattern after earlier failed attempts.
Solana’s price is rapidly approaching the $180 resistance level, which has sparked renewed optimism regarding a potential breach. Investors are monitoring a classic cup-and-handle pattern expected to propel SOL to a new all-time high.
Once again, Solana Price anticipates a rally exceeding $180
Solana price is attempting to retest the $180 psychological level after its unsuccessful attempts to breach the glass ceiling. Solana is approaching the “scary region” again, according to an X post by pseudonymous cryptocurrency analyst Crypto Virtuous.
When Solana’s price was last tested at $180, it took a significant blow and nearly plummeted below $100. Nevertheless, the $180 psychological level is once again within reach, following a cautious recovery in a rally that has resulted in a 20% increase over the past week. Solana anticipates a surge to $180 shortly, following the surpassing of $500 million in DEX volumes in 2025.
“This is a scary region but I’m sure we’re breaking this one this time,” said Crypto Virtuous.
The crypto analyst is predicating his conviction that the price of Solana will surpass $180 on the formation of a classic cup and handle pattern on the charts. The bullish pattern on the charts reignites fresh enthusiasm for the Solana price, with Crypto Virtuous predicting a price surge beyond $180. He contends that a significant correction toward $510 is feasible if prices surpass the resistance established by the cup’s rim..
Institutional interest has increased due to a 52% monthly price increase
In a significant demonstration of recovery, the Solana price has increased by 52% over the past month, as indicated by CoinMarketCap data. SOL’s weekly price performance indicates a comparable asset surge, with a 20% increase in the past seven days.
Solana’s price reached a 24-hour high of $179.62, as investors tied their bootlaces to retest the $180 psychological level, despite a modest 2% gain on daily charts. Institutional interest in SOL is reaching a fever pitch amid the remarkable price performance of the past week.
SOL Strategies and DeFi Dev Corp have each acquired more than 200,000 SOL, bringing their total holdings to over 395,000. In addition to a frenzied accumulation frenzy, institutions are increasingly utilizing Solana for enterprise utility due to its high speed and low fees compared to Ethereum.
Robinhood is evaluating Solana as part of its ambitious strategy to tokenize US equities for its EU clients. Solana’s monthly transaction volume has exceeded 1.5 billion due to new institutional interest and unprecedented retail demand.
