Hello Solarna! SOL is still flexing after going through all the tough times in crypto, sitting at $183. No more subtle hints; SOL is screaming “breakout!”, having surged over 6% in the past week. Speculation is at an all-time high, and SOL needs to be kept under close watch by all.
Forget cruising altitudes. Solana is fueling a potential moonshot. Technical indicators align with whispers of bullish markets and are therefore hinting at a strong breakout that might send SOL soaring into uncharted topographies.
CryptoJelleNL has seen a $250 SOL breakout acting as a launchpad for the meteoric rise to $400, sometimes even $500. Forget technical charts; these are just lines and patterns. This has got the aroma of opportunity in a market famished for digital survivors, and SOL should have a good time feasting upon it.
It’s a good thing I still own a bunch of $SOL.
Once it clears $250, I doubt it stops before it hits $400-$500. All the weak hands have been shaken out. Time to reap the rewards. pic.twitter.com/fW1EDquA6r Jelle (@CryptoJelleNL) May 22, 2025
CryptoJelleNL: SOL Clearing $250 Could Set Rally to $400-$500 Zone
According to CryptoJelleNL, a spike in Solana is being prepared. Forget the tea leaves, the charts speak for themselves: since the start of 2023, it has been an uphill. The very slight stumble did not allow SOL to stay on its knees. It bounced back to grab hold of the important ground at $132. Now comes a big wall: the $180-$195 resistance zone. Can Solana break that wall and continue its climb? The marketplace is on edge.
Related: Solana Leads in DEX Volume for 5th Week; Q1 App Revenue Hits $1.2 Billion
SOL’s ascent hits a familiar wall. The $250 mark, a notorious ceiling that has repeatedly denied bulls entry, looms large. Should SOL shatter this barrier, prepare for liftoff. Momentum, previously shackled, could explode and propel SOL into uncharted territory. $250 isn’t just a price; it’s the gateway.
SOL/USD daily price chart, Source: TradingView
SOL Technicals Strong: MACD Bullish, RSI Shows Room to Run
Technical indicators are practically heralding the onset of a bull market! Just like a perfectly tuned engine, the MACD is revving up, with its line far ahead of the signal line. And the histogram? Well, it’s not just positive; it’s just about screaming its bullish approval onto the corridor of permanence.
Related: Solana’s Anza Proposes Alpenglow: A Simpler, Faster Consensus Mechanism
With the Relative Strength Index getting close to a never reached-before mark, it’s currently at 66.65-a very tempting number indeed. This should arguably put consideration towards the rally weakness, but old history stands as a warning: Anything above 70 is typically followed by a minor pullback or consolidation. Still, the broad upward trend tends to remain intact. Therefore, any correction could represent a buying opportunity if SOL resumes its upward trend.
Short Squeeze? Liquidation Data Reveals Bears Overwhelmed
Source: Coinanalyze
Let’s forget about the charts for a while. Given the liquidation data, one could argue for an upward trend. Saturday witnessed a bloodbath amounting to $8.3 million, and shorts were butchered to the tune of $5.8 million being literally thrown down the drain. This ain’t just some random noise; the bears are getting crushed, and their death throes are firing the engines of an infuriated market.
If you ask CoinCodex analysts, they will assure you of a huge boom in 2025 for Solana. So get ready for SOL to climb between $372 and $385 by the end of the year. This means a possible doubling of the investor’s money – imagine a rocket launch to fuel your portfolio!
Investing is risky. This article is a general informational thing; it does not constitute financial advice. Coin Edition is not responsible for any financial losses incurred consequent to any investment decisions taken based on the content of this article or products and services mentioned herein. All readers should remain cautious and consult a competent financial advisor before making investment decisions.
Thanks for reading Solana (SOL) Price Flexes Bullish Momentum Analysts Eye Major Breakout Beyond $250
