Solana (SOL) holds strong support, the bounce back opens up opportunities towards the $230 mark.

The price of Solana (SOL) is entering a pivotal phase, as a series of bullish signals have been confirmed on both the weekly chart and the daily chart — according to assessments from many technical analysts.

After rechecking the old resistance levels, SOL has reestablished stability above key support zones. The buying momentum is getting stronger, paving the way for a potential breakout.

With the resistance level of $185 being approached, analysts are optimistic that SOL could very well reach the $230 mark in the coming weeks.

Solana price regains key technical levels after retesting the $130 area

A recent analyst shared the weekly chart structure of Solana (SOL), showing that the price is moving exactly as expected. After failing to break through the resistance area, the zone around the $130 mark – which was previously seen as an important breakout point – has now turned into a strong support area.

Currently, the price of SOL has recovered and is holding steady above this level, while approaching the next resistance level at $185.

Weekly SOL/USDT Chart | Source: JACKIS/XAccording to analyst JACKIS, if it surpasses the $185 mark, SOL could extend its bullish momentum to the $230 region. This area is marked as "inefficiency" on the weekly chart – where the price rose too quickly, causing many orders to remain unfilled.

If the buying power is strong enough to break through the current resistance zone, the liquidity gap in this area could become a magnet, pulling the price back to the previous peaks.

Looking at the long-term technical structure, Solana appears to be forming a bullish staircase pattern – a series of breakout phases and retests of previous resistance, which has now become support. The stability of these price levels maintained over the past seven months further reinforces confidence in the sustainable growth trend of SOL.

Bullish pattern reinforces continuation trend

On the 4-hour timeframe, BitGuru reports that Solana is forming a higher low structure – a characteristic signal for a bullish trend. After a slight adjustment from the $159.99 level, the price of SOL is currently holding above the short-term support area around $149 – an area that was previously resistance and has now switched roles, indicating a positive change in the price structure.

The SOL/USDT chart on the 4-hour timeframe | Source: BitGuru/XAccording to BitGuru, the current trend reflects that the bullish momentum is still strong in the context of the market leaning towards an upward trend. The technical chart also reveals a clear emergence of a double bottom pattern, while the inverse head and shoulders pattern is gradually completing the right shoulder – a combination that often signals strong breakouts if confirmed.

In the short term, the nearest resistance level is at $168.49. If this mark is surpassed, SOL may continue to extend its bullish momentum and aim to test the $180 region.

Notably, the accumulation and breakout phase occurring on the larger time frame coincides with the breakout signal on the shorter time frame, creating significant resonance. As long as the support zone at $149 is maintained, the possibility of forming an extended bullish cycle remains very bright.

A bullish move from the $140 region will support the retest of the local peak.

In addition, CryptoAM17 predicts that the price of SOL is likely to bounce back from the support area around $140, aiming to retest the peak of $180 in the near future.

The SOL/USDT 6-hour chart | Source: CryptoAM17/ XInterestingly, the area around $140 has consistently acted as a strong support zone since mid-June, frequently attracting buying pressure whenever the SOL price approaches it. On the technical chart, higher lows have been continuously established since June 25, despite the macro volatility prevailing across the cryptocurrency market.

This clearly reflects the relative strength of Solana compared to many other altcoins – most of which are still struggling in the medium-term downtrend. If SOL can break through the resistance level of $180 with a surge in trading volume, this will be a confirming signal for the continuation pattern formed since last week, reinforcing the bulls' confidence that the bullish trend remains intact.

The $185 level is currently a key point to watch closely. If successfully conquered, the path towards the $230 target will officially open up.

The descending wedge pattern is about to complete – Solana is preparing to break out

Meanwhile, according to analysis from Cryptomist experts, Solana (SOL) is approaching the final stage of the descending wedge pattern – a pattern that often signals a trend reversal. Currently, the price is fluctuating near the bottom of the pattern and is beginning to show signs of bouncing back. Notably, breaking the upper resistance line of this wedge is often a catalyst for a strong bullish move.

Hourly chart of SOL/USDT | Source: TradingViewCryptomist states that if the price maintains the current support level and successfully bounces back, she will consider opening a long-term Long position on SOL, targeting the $162 mark. This viewpoint is also completely in line with previous technical analyses, which indicate that short-term momentum is quietly accumulating just below the resistance level.

At the time of writing, SOL is trading around $148.65. If the descending wedge pattern is completed and a breakout is confirmed, this could be a signal for the beginning of a broader bullish trend on larger time frames.

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