What To Know
- Solana surges 18% in a week, signaling strong bullish momentum.
- Cup-and-handle pattern suggests potential breakout toward $1,314 target.
- Rising wedge signals caution, with possible downside to $159 or $130.
As the market condition has turned bullish again, several cryptos turned their charts green. Solana (SOL), being one of the most famous cryptos, wasn’t an exception as both its weekly and daily charts registered price grains. However, there is more meat to the story as SOL might just be on the verge of yet another massive breakout soon, predicts analysts.
Solana Awaits A Major Bull Rally…
Solana (SOL) continues to prove itself as one of the most versatile projects in the crypto landscape, standing out not just as a hub for meme coin activity but also as a leading DeFi powerhouse.
The Solana ecosystem has drawn rapid ushering-on of diverse projects during the year; ranging from DEXes and NFT marketplaces to new meme coins that bring in considerable retail interest for the network. Thus, Solana is kept in a limbo where speculative hype and real utility exist side by side, weighing on the investment outlook in an otherwise choppy market.
Regarding price action, Solana has recently been among the top-performing assets. SOL surged 14% last week and an additional 4% in the last 24 hours, reflecting strong momentum continuation. Trading volume continues to be impressive while market confidence remains high, suggesting that investors expect the token to sustain this rise in the price against all fleeting market fluctuations.
Adding to the bullish narrative, the celebrated crypto analyst Ali Martinez highlighted the present emergence of a bullish cup and handle on Solana charts. This pattern, in turn, is a widely pursued technical indicator signifying sustained upward force. Should this structure be violated with strong volume, Martinez sees a rally for the token heading toward $1,314.41.
$1,314.41 is the main target for Solana $SOL after breaking out of a cup and handle! pic.twitter.com/RkwosDpwnB
— Ali (@ali_charts) September 12, 2025
A target bound by dollars adds confidence to the investor but also loudly acknowledges that the market has acknowledged Solana’s enlarging function within DeFi and the greater Web3 space.
With all things considered, Solana appears to be one of those tokens that should be closely watched, for it is gaining more and more use cases, with ample favorable technical setups and remarkable price momentum established in place. The next few weeks might be a real turning point for SOL’s break in resistance toward four-digit level.
There is a Problem Though!
Though the bullish narrative was given to Solana by the earlier-mentioned analysis, upon further scrutiny, CryptoMoonPress saw the more cautious opinion. Our technical evaluation spotted a rising wedge pattern on SOL’s chart since May, which, if not accompanied by strong volume, often points toward potential bearish reversals.
Unlike bullish patterns, a rising wedge largely means that momentum is waning even amid upward price moves, thus it is a warning sign that traders watch closely for signs of correction.
Presently, the price of SOL appears to be nearing the apex of resistance, which, in the following sessions, will be a crucial phase of testing. If Solana cannot rally above the resistance convincingly, profit-taking and short entries could become very active, which induces a sell-down. Worth noting, really, whenever an upward breakout from a wedge has failed, it gave way to a strong downward rally, and Solana might just be another one.
With increasing selling pressure, SOL could start retracing back into key support. Immediate downside would gravitate toward $159, which has also previously acted as support. If the bearish sentiment is stronger and the broader markets weigh further, a deeper pullback will continue dragging SOL toward $130. Both these levels will be highly influential in Solana’s price action in the near term.
Conclusion
Solana’s path to $1,314 is unsure, pitching the bullish cup-and-handle momentum against the bearish risk of a rising wedge reversal. Strong fundamentals coupled with ecosystem growth provide strong wings to optimism; however, traders must keep an eye on the resistance. The coming weeks shall be the deciding factor for SOL determining whether it takes off to higher grounds or faces sudden correction.
