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Highlights
- Solana price is aiming to retest $180 on the back of an impressive rally.
- A bullish textbook cup and handle pattern is forming on the charts.
- Institutional interest is triggering a wave of enthusiam for SOL in recent weeks.
Solana’s price is hurtling toward the $180 resistance mark at breakneck speed, sparking fresh belief in a breach. This time, investors have their eyes peeled on a textbook cup-and-handle pattern tipped to send SOL to a new all-time high.
Solana Price Targets A Rally Beyond $180 Again
Solana price is making a play to retest the $180 psychological level after previous attempts failed to breach the glass ceiling. According to an X post by pseudonymous cryptocurrency analyst Crypto Virtuous, Solana is approaching the “scary region” again.
The last time Solana price tested the $180 level, prices took a hit and nearly fell below $100. However, after picking itself gingerly in a rally that sees it gain over 20% over the last week, the $180 psychological level is in sight yet again. A push to $180 is on the cards for Solana after DEX volumes surpassed $500 million 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 hinging his belief in Solana price breaching $180 on a classic cup and handle pattern forming on charts. The bullish pattern on the charts is stoking fresh enthusiasm for the Solana price, with Crypto Virtuous predicting a price spurt beyond $180. He argues that if prices breach the resistance formed by the cup’s rim, a big break toward $510 is a real possibility.
Institutional Interest Surges Following A 52% Monthly Price Spurt
According to CoinMarketCap data, the Solana price has spiked by 52% over the last month in a strong show of recovery. SOL’s weekly price performance reflects a similar spike for the asset, garnering 20% over the last seven days.
While daily charts reflect a modest 2% gain, Solana price reached a 24-hour high of $179.62 as bulls tie their bootlaces to retest the $180 psychological level. Amid the impressive price performance over the last week, institutional interest in SOL is heating to a boil.
For starters, SOL Strategies and DeFi Dev Corp have scooped over 200,000 SOL, sending their holdings above 395,000 SOL respectively. Apart from a frenzied accumulation spree, institutions are also turning to Solana for enterprise utility, citing its speed and low fees compared to Ethereum.
Robinhood is considering Solana for its ambitious plans to tokenize US stocks for its EU clients. Driven by renewed institutional interest and sky-high retail appetite, Solana’s monthly transaction volume has surged beyond 1.5 billion.
Despite the rally, there are fears that Ethereum’s Pectra upgrade may adversely affect Solana’s rally in the short-term as investors turn their gaze to ETH again.
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