Solana Cryptocurrency (SOL) continues its upward trend last month, but is yet to enter an impulsive growth cycle. Currently, this Cryptoactive maintains a valuation of USD 177 in a critical technical area that can define the next move.
According to an analyst at Filipina Mirjan Hipolito, the asset is testing the long-term technology-forming “neck” known as the “handle cup” that has been maturing since the beginning of 2025.
Daily closures maintained beyond that range are critical to verifying upward configurations. According to Hipolito, if this confirmation occurs, Sol could activate price forecasts with immediate technical targets of 200 USD and 230 USD. But for now, That turning point has not yet been conclusively achieved.
Sun’s market structure, the sixth largest cryptocurrency in the market, suggests there is a change in progress. Previous ruptures of the downward trend line, which limited prices since the end of 2024, were related technical events. That break placed the cryptocurrency on top of exponential mobile socks. This is arranged between USD 155 and USD 159, as shown in the following graph, and serves as dynamic support. The behavior reflects a rebound in positive price dynamics, analysts say.
From a technical indicator perspective, the relative strength index (RSI) is at a level of 69.26. Although this value is closer to the overcomplete zone of 70, It suggests that the buyer’s impulses have not yet been exhausted.
For Hipolito, this indicator supports the possibility of continuing upward movement. As long as the critical closure has been verified above USD 178.
In the derivatives market, data also shows bullish accumulation. Open interest increased by 8.85%, while negotiation volume increased by 60.51%. Similarly, the amount of options has increased by almost 200%, demonstrating greater institutional participation.
The funding rate remains at a moderately positive level of 0.0121%, indicating that the market continues to remain unsaturated.
This balance suggests that Upward movement has space to develop Without entering an extreme overheating zone. If a break of USD 178, the price could first rise to USD 195 in the short term and then reach USD 230.
Otherwise, technical fixes Return prices may be in support areas between US$160 and US$165.
There is an altseason for training
There are details beyond technology that suggest that Sol will go on an upward road in the coming months. This means that the Altcoins (Altseason) season is heated. This and other alternative cryptocurrencies in Bitcoin will bring great benefits.
Currently, the market is in phase 2 of the general bull cycle. At this stage, the capital, which was initially concentrated in Bitcoin (Phase 1), begins to flow towards the ether (ETH). Generates a reduction in the Bitcoin domain across total capitalization.
When ETH becomes prominent, the beginning of So-Calcaled Altseason is activated, where other large capital letters (such as Solana) begin to perform well.
This circulating pattern has been observed in previous cycles and is usually developed at well-defined stages.
BlockChaincenter Explorer data shows that 49% of main Altcoins have already surpassed Bitcoin performance in the last three months, as shown below.
Once that percentage reaches 75%, you can consider the altcoin season. This not only reflects changes in the Capital Bureau; But there is also an increase in risk appetite among investors.
In phase 3, capital flows are directed towards larger, higher-sized altcoins and ultimately towards lower capital assets during phase 4. When a more speculative sense of happiness is set up.
If current market behavior continues to normal courses, the money flow will continue to move from ETH to projects such as SOL, Cardano (ADA) and other alternative cryptocurrencies. From there, the cycle can lead to lower capital tokens, such as memokine, for example, where the potential yield is higher. The risk is proportionately high.
In the case of the sun, this means that it is in a good position to benefit from the second wave of flow. When ETH integrates its position as leader in this phase. The key is confirmed by a technological collapse of USD 178. It can then be considered to activate the entry signal to a new stage of a more accelerated evaluation.
The technical and structural data are consistent, but the final catalyst is missing. The evolution of RSI, the volume of negotiations, and the signal in the derivatives market are key factors in determining whether this currency is ready to bounce back.
