Solana Analysts Eye 20% Rally as Altcoin Reclaims Support

Solana (SOL) has been relatively quiet in recent weeks, with the broader crypto market's focus primarily on Bitcoin and Ethereum. Despite this, SOL has been consolidating just below key resistance levels, suggesting that a significant move might be on the horizon. Top analysts are beginning to shift their attention back to Solana, indicating that a powerful rally could be in the making.

According to analyst Bluntz, the recent price action in SOL shows promising signs. After hitting its lows, Solana is now attempting to reclaim support, a classic bottoming pattern that often precedes a strong rebound. While it is still early, this reaction could set the stage for a sharp rally if SOL can break back above the $160–$165 range.

This sentiment is shared by many market watchers who believe that Solana could become a major leader in the next leg of the altseason, especially if Ethereum breaks out from its current resistance. As bullish structure builds and technical indicators align, the setup for SOL appears to be strengthening, making it a key altcoin to watch in the coming weeks.

Solana has been on a consolidation path over the past few weeks, struggling to reclaim the $180 resistance level. After peaking in early May, SOL has retraced steadily, now trading around the $150 range as it searches for renewed demand. This retracement aligns with a broader market pullback, as global tensions and rising interest rates inject volatility and caution into financial markets.

Despite the current slowdown, analysts remain optimistic about Solana’s medium-term outlook. Top trader Bluntz recently shared that SOL’s reaction after taking the lows is promising. According to him, the altcoin is now working on a reclaim of support, which could be the precursor to an aggressive rally. The key lies in whether Solana can push back above the $180 zone — an area of heavy supply that has repeatedly rejected bullish momentum.

If SOL does manage to flip this level into support, the price structure suggests there’s ample room for a sharp breakout. The setup aligns well with rising calls for an altseason, particularly if Bitcoin dominance continues to roll over and Ethereum confirms a breakout above its multi-month resistance.

In this scenario, Solana could emerge as one of the leading assets in the next crypto leg up, given its strong developer ecosystem, scalability, and growing DeFi sector. While current price action remains neutral to slightly bearish, a reclaim of $180 would likely flip sentiment quickly and attract fresh capital. As market focus shifts from major caps like BTC and ETH, SOL could be poised to capture the spotlight — and potentially lead the next altcoin rally.

Solana is currently trading at $154.47 after losing the $160 support, facing continued pressure following its rejection from the $180 resistance level earlier in May. The chart shows that SOL is now hovering just below the 34-day EMA and the 50-day SMA, indicating a breakdown in short-term bullish momentum. The 200-day moving average at $179.73 remains the major resistance level to reclaim in order to resume a bullish structure. Meanwhile, the zone between $150 and $156 is now acting as a critical demand area. A sustained close below $150 could open the door for deeper corrections, possibly toward the $140-$130 range, which aligns with previous consolidation levels in April.

Despite the current weakness, the longer-term trend remains neutral-to-bullish as long as Solana holds above the 100-day SMA around $144.58. If SOL can consolidate and reclaim the $160–$165 region, it could trigger renewed upside momentum and challenge the $180 level once again. Analysts remain cautiously optimistic, with some expecting a rebound if market conditions stabilize and altseason momentum picks up in the coming weeks.