{"id":80381,"date":"2025-07-13T12:00:15","date_gmt":"2025-07-13T12:00:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80381"},"modified":"2025-07-13T12:00:15","modified_gmt":"2025-07-13T12:00:15","slug":"solana-sol-set-for-price-run-to-2700-but-this-condition-must-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80381","title":{"rendered":"Solana (SOL) Set For Price Run To $2,700 \u2014 But This Condition Must Hold"},"content":{"rendered":"

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly performance. Notably, the altcoin gained by nearly 10% in the last seven days as general crypto prices surged, pushing its unit price into the $160 price region. Amidst the present market cool-off, Ali Martinez has tipped Solana to embark on a parabolic rally subject to a particular market condition.<\/p>\n

Solana Bulls Eye Breakout As $170 Emerges As Critical Resistance
\n<\/strong><\/h2>\n

In an X post<\/a> on July 12, Martinez outlines a bullish technical analysis on the Solana market, stating the altcoin is at a key price juncture. Using the weekly chart, the analyst has been able to identify a mega cup-and-handle pattern, which usually precedes a major price rally<\/a>. However, the altcoin faces a critical price resistance at the $170 region.<\/p>\n

For context, the cup-and-handle pattern<\/a> is a popular bullish chart formation that indicates potential for significant price upswings. As seen in the chart below, it resembles the shape of a teacup, commencing with a bearish market, followed by a price recovery of equal magnitude as seen between the start of 2022 and the start of 2025.<\/p>\n

During this period, investors saw Solana prices crash from around $250 to a cycle low of $9.88 before experiencing a gradual return to a similar peak, thereby forming the cup pattern. Thereafter, SOL has experienced significant price corrections and rebounds, eventually creating a descending price pattern that represents the handle of this formation.<\/p>\n

Notably, the cup-and-handle pattern only translates into a price surge following a decisive price breakout above the formation\u2019s neckline. Following recent gains, Solana finds itself within touching distance of this neckline at the $170 price mark. Martinez explains that a successful weekly close above this major resistance will validate the bullish intentions on Solana, inducing a heavy market demand and paving the path for higher price territories.<\/p>\n

Based on the Fibonacci retracement and extension levels on the chart, the initial price target in the event of this breakout is set at $295, instantly matching the current all-time high. However, the historical magnitude of breakouts from cup-and-handle pattern points to lofty price targets, such as $ $787, $1,314, and a max target of $2,744.<\/p>\n

However, a rejection at $170 may force Solana to visit lower support levels near $135 or even $100, which has served as a major demand zone in the past.<\/p>\n

Solana Price Overview<\/strong><\/h2>\n

At the time of writing, Solana is trading at $162.58 with a decline of around 0.58% as earlier stated. Meanwhile, the asset\u2019s daily trading volume is down by 38.77% and valued at $3.72 billion.<\/p>","protected":false},"excerpt":{"rendered":"

Solana (SOL) has registered a 0.58% loss in the past day, representing a slight price retracement from its strong weekly performance. Notably, the altcoin gained by nearly 10% in the last seven days as general crypto prices surged, pushing its unit price into the $160 price region. Amidst the present market cool-off, Ali Martinez has […]<\/p>\n","protected":false},"author":0,"featured_media":80382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80381","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\/80381"}],"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=80381"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80382"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}