{"id":67459,"date":"2025-05-19T16:11:55","date_gmt":"2025-05-19T16:11:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67459"},"modified":"2025-05-19T16:11:55","modified_gmt":"2025-05-19T16:11:55","slug":"heres-what-can-trigger-a-solana-sol-bull-run","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67459","title":{"rendered":"Here\u2019s What Can Trigger a Solana (SOL) Bull Run"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Analysts see potential for a new SOL rally in case the price reclaims certain resistance levels.<\/p>\n

One popular trader sold their \u201cspot bag\u201d and is now looking for re-entry options.<\/p>\n

<\/a><\/span><\/h2>\n

The Necessary Condition<\/h2>\n

Solana\u2019s SOL has been in a downtrend in the past week and is far from its all-time high registered in January this year. As of this writing, it trades at around $161, representing a 45% decline from the historic peak.<\/span><\/p>\n

However, some analysts believe a renewed rally might be knocking on the door. The popular X user Ali Martinez <\/span>claimed<\/span><\/a> that a breakout above the resistance level of $176-$188 could ignite a fresh bull run.<\/span><\/p>\n

Earlier this month, he <\/span>disclosed <\/span><\/a>that the number of wallets holding at least 0.1 SOL has soared above 11 million in <\/span>the span of<\/span> just two weeks.<\/span> This development indicates growing participation in the ecosystem, while the minor threshold hints that most newcomers are likely retail investors.<\/span><\/p>\n

Martinez isn\u2019t the only renowned analyst to give his two cents on the topic. The X user Cas Abbe reminded about SOL\u2019s crash in April, outlining that the price has climbed by over 50% since then, \u201cwhile its fundamentals are getting better.\u201d They <\/span>think<\/span><\/a> the ATH registered at the start of 2025 was not the cycle top for Solana, envisioning a new peak sometime this year.\u00a0<\/span><\/p>\n

Mags chipped in, too, <\/span>suggesting<\/span><\/a> that SOL\u2019s monthly chart \u201cis forming a massive ascending triangle pattern.\u201d <\/span>That said,<\/span> the analyst expects that a breakout beyond $267 could trigger \u201ca massive leg up\u201d to uncharted territory.<\/span><\/p>\n

The Next Buying Opportunity?<\/span><\/h2>\n

Another X user who weighed in recently is XO. Earlier this month, they shared their trading history, which included a big sell-off approximately a week ago when the price was above $180.\u00a0<\/span><\/p>\n

As it turned out, this was the trader\u2019s entire \u201cspot bag.\u201d They now explore new buying opportunities that might occur in the <\/span>next<\/span> weeks or months.\u00a0<\/span><\/p>\n

XO described<\/a> the $140-$150 zone as an \u201cimmediate level of interest,\u201d adding that $120 \u201cisn\u2019t out of the question.\u201d<\/span><\/p>\n

Subsequently, the trader assumed that Solana\u2019s future price dynamics may heavily <\/span>depend on what <\/span>bitcoin<\/span> does next.\u00a0<\/span><\/p>\n

The post Here\u2019s What Can Trigger a Solana (SOL) Bull Run<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analysts see potential for a new SOL rally in case the price reclaims certain resistance levels. One popular trader sold their \u201cspot bag\u201d and is now looking for re-entry options. The Necessary Condition Solana\u2019s SOL has been in a downtrend in the past week and is far from its all-time high registered in January […]<\/p>\n","protected":false},"author":0,"featured_media":67460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67459"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67459"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67460"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}