Solana News Today: Solana Breaks $190 on ETF Optimism Targets $300–$360 as Bullish Momentum Gains

Solana (SOL) surged past $190 on July 24, 2025, marking a significant breakout from an ascending triangle pattern that analysts view as a continuation of the bullish trend. This move triggered price targets of $300–$360, driven by technical indicators, rising ETF approval optimism, and robust market participation. The breakout, confirmed by COINOTAG analyst Ali Charts, is supported by increased trading volume and favorable chart patterns, suggesting the potential for sustained upward momentum [1].

Technical analysis highlights Fibonacci retracement levels and RSI readings as key confirmations of the bullish bias. The $190 resistance level, a critical psychological and technical threshold, was decisively breached, aligning with Fibonacci extension targets at $220, $241, and $275. The 2.0 extension level near $352 closely matches expert projections, positioning $300–$360 as a high-probability range for further gains. Short-term support levels at $145 and $174 provide downside protection, while the RSI remains elevated above 80, signaling strong buyer momentum despite overbought conditions [2].

Growing optimism around a Solana ETF approval in 2025 has amplified investor confidence. Polymarket data shows the probability of regulatory approval has surged to over 99%, a catalyst that has historically driven price appreciation by attracting institutional capital. Analysts from BitGuru note that Solana’s recovery from a double bottom near $160.18 to a high of $204.98 underscores the strength of the uptrend. While consolidation near $205 is possible, key resistance levels at $220 and $250 remain critical for trend continuation [3].

Market structure and volume dynamics reinforce the validity of the breakout. The surge in trading volume accompanying the price movement indicates genuine buying interest rather than speculative hype. Higher highs and higher lows, a hallmark of a healthy uptrend, suggest Solana could maintain its trajectory provided macroeconomic conditions remain stable. However, traders are advised to monitor Fibonacci targets and RSI divergences for signs of exhaustion or consolidation [4].

Analysts emphasize that while the $300–$360 range is ambitious, it aligns with historical patterns of high-growth cryptocurrencies during periods of strong demand. Solana’s ecosystem advantages, including low transaction costs and high throughput, position it as a prime beneficiary of ETF-driven inflows. That said, external shocks, such as regulatory changes or broader market corrections, could disrupt the current momentum. For now, the technical and sentiment factors remain aligned for a continuation of the bullish trend [5].

Source:

[1] [Title: Solana Breakout Analysis and Price Targets] [URL: https://en.coinotag.com/solana-trades-above-190-after-breakout-targets-300-360-amid-etf-optimism-and-strong-momentum/]

[2] [Title: Technical Indicators Supporting Solana’s Uptrend] [URL: https://en.coinotag.com/solana-trades-above-190-after-breakout-targets-300-360-amid-etf-optimism-and-strong-momentum/]

[3] [Title: ETF Approval Impact on Solana’s Market Sentiment] [URL: https://en.coinotag.com/solana-trades-above-190-after-breakout-targets-300-360-amid-etf-optimism-and-strong-momentum/]

[4] [Title: Volume and Market Structure Analysis for Solana] [URL: https://en.coinotag.com/solana-trades-above-190-after-breakout-targets-300-360-amid-etf-optimism-and-strong-momentum/]

[5] [Title: Historical Performance and ETF-Driven Trends in Solana] [URL: https://en.coinotag.com/solana-trades-above-190-after-breakout-targets-300-360-amid-etf-optimism-and-strong-momentum/]