The big move has begun for Solana (SOL): How high can it go?

Anatoly 2025-10-25 12:52 92841人围观 SOL

Bitcoin (BTC) may be about to face a correction, but Solana is riding high. Already up 15.6% this week, leading layer 1 may be in the midst of a huge breakout. $How high can SOL go? $SOL Breaking Resistance and Uptrend Line The weekly chart of SOL price i

Bitcoin (BTC) may be about to face a correction, but Solana is riding high. Already up 15.6% this week, leading layer 1 may be in the midst of a huge breakout. $How high can SOL go?

$SOL breaks resistance and rising trend line

SOL price weekly chart Quite mouth-watering. Not only did the price break above the $220 resistance, which could turn into support by the end of the week, but it also broke above an uptrend line dating back to May of this year.

As shown, the last major resistance levels are the weekly chart tops, with closes in November 2024 and January 2025.

At the bottom of the chart, the Stochastic RSI indicator has almost peaked, but is still some way from reaching its limit, and there is nothing to prevent the indicator from continuing to bounce along the top over the longer term.

Very high time frames show $SOL is about to close above all major support levels

Very high time frames are rarely used by traders, and even long-term investors may not refer to them very often. The 2-month time frame chart above is very interesting. It shows that the major support/resistance level on this time frame is actually $200. It can also be observed that the 2-month candlestick chart has moved well beyond this level and used it as the main support level.

Fibonacci extension levels from the 2021 top to the 2022/2023 bottom gives the 0.786 Fibonacci level corresponding to the main support, while the extension level to 1.618 shows a target of $414.

SOL/BTC approaches multi-year downtrend line

Finally, the reason to hold the altcoin for the long term is that it outperforms $BTC. The weekly chart of SOL/BTC above shows that a large W pattern has pushed SOL/BTC towards the multi-year downtrend line. If SOL/BTC can break out of this trendline and break above 0.003 BTC and reverse the downward trend, then who knows $SOL price How far can we go in the final stages of the bull market?

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