Solana Price Surges 3.5% to $167.25 on Bullish Momentum

Solana's price has surged into mid-July, reaching $167.25, driven by renewed bullish momentum. This upward trend has seen Solana's price increase by over 3.5% in the past 24 hours, with traders focusing on a potential breakout above the 0.382 Fibonacci retracement level. The technical indicators suggest that Solana may be poised to challenge higher resistance levels near $175 and beyond.

According to the Solana Price Forecast Table for July 15, 2025, several key levels and indicators are in play. The current price of Solana is $167.25, with the first resistance level at $175.55 (Fib 0.382), followed by $198.00 (Fib 0.5 / supply zone) and $222.24 (Fib 0.618). Support levels are at $162.50 (BB mid-band / EMA20), $158.47 (EMA50), and $154.90 (EMA100). The Relative Strength Index (RSI) stands at 67.05 on the 30-minute chart and 61.77 on the 4-hour chart, indicating bullish strength. The Moving Average Convergence Divergence (MACD) shows a bullish crossover with a positive histogram on the 30-minute chart. The Bollinger Bands on the 4-hour chart are expanding near the upper band, suggesting volatility. The Supertrend indicator is bullish above $157.58, and the Volume Weighted Average Price (VWAP) is above the session VWAP at $165.91. The Directional Movement Index (DMI) shows that the +DI is leading, with the Average Directional Index (ADX) above 25, indicating a strong trend. Derivatives open interest is at $8.19 billion, with a long-heavy bias, and the trend bias is bullish above $162.50, aiming for $175.55 and beyond.

Solana has maintained its recovery trend from June lows near $125, establishing a higher low and reclaiming the key $160–$162 supply zone. On the daily chart, the move has flipped a critical Change of Character (CHoCH) level from mid-June and pushed above the 20/50/100 Exponential Moving Average (EMA) cluster on the 4-hour chart, establishing a bullish base. Smart Money Concepts data reveals multiple Buy on Strength (BOS) signals and a structure reclaim around $160, which had acted as a ceiling for much of July. The current push into the $167 zone brings Solana closer to the 0.382 Fibonacci level at $175.55 — a key resistance zone that could dictate the next leg of price discovery. The weekly chart also shows price climbing within a rising wedge toward the $198–$222 range (Fib 0.5–0.618), which remains the broader macro target should bullish momentum persist.

The strong intraday momentum and increasing bullish participation in derivatives markets are driving Solana's price upward. Open interest has climbed by 1.90% to $8.19 billion, while 24-hour volume is up over 40% to $15.1 billion. Binance’s long/short ratio shows a bias of 2.80 among top traders, suggesting a high-confidence long buildup. Momentum indicators are also aligned with the uptrend. On the 30-minute chart, RSI has moved above 67, while MACD remains in bullish territory, printing positive histogram bars. Price has reclaimed VWAP and is holding above the $165.90 mean, with Parabolic SAR dots now below the candle structure, confirming trend support. The Supertrend on the 4-hour chart flipped bullish at $157.58 and remains active. DMI confirms trend continuation with the +DI leading and ADX climbing above 25, showing that strength is backing this breakout attempt.

The 4-hour Bollinger Bands show a volatility expansion setup, with price pushing against the upper band at $167.45. This often precedes a directional continuation, especially when combined with EMA support just below at $158.47–$162.57. The alignment of these dynamic levels builds a strong case for further upside. From a Fibonacci perspective, Solana's price today sits between the 0.236 retracement at $146.56 and the 0.382 level at $175.55. A confirmed close above $175 could expose the $198 resistance (Fib 0.5), followed by the 0.618 mark at $222.24 — a zone that intersects with long-term descending trendline resistance from the late 2024 high. If bulls fail to sustain above $167, however, a near-term retracement toward the $158–$162 support band could occur. Still, with open interest rising, momentum intact, and price structure flipping long, short-term risk remains skewed in favor of continuation.

Solana's price now faces a pivotal test. A close above $168.50–$170 could spark follow-through toward $175.55 (Fib 0.382). If this level is broken with conviction, bulls may target $198 and $222. In contrast, a pullback below $162.50 could delay the breakout and send price toward $154.90–$158.50 support. Given strong derivatives activity, supportive EMAs, and bullish RSI-MACD structure, the bias remains upward, but traders should watch for volume confirmation near $170.