Solana (SOL) Surges 1.87% to $164.51 as Bullish Momentum Builds

Solana (SOL) has recently gained significant attention in the cryptocurrency market as it approaches key resistance levels with renewed vigor. After experiencing weeks of sideways movement and bearish pressure, SOL is now demonstrating strong recovery signs, both in terms of price structure and technical indicators. As the broader market anticipates potential altcoin breakouts, Solana stands out due to its consistent climb, supported by bullish Heikin Ashi candles and a rising Relative Strength Index (RSI).

As of July 14, 2025, the price of SOL is trading around $164.51, marking an increase of nearly 1.87% for the day. The daily Heikin Ashi candles indicate sustained bullish momentum, while the RSI is at 63.89, steadily moving above the neutral 50 zone and approaching overbought territory. This suggests that the current rally has room to grow without being overheated, reflecting consistent demand and a sustainable uptrend.

The RSI moving average is trending upward at 55.23, confirming positive momentum over the mid-term. Key resistance levels to watch include $167.42, $180.00, and $200.00. A breakout above $167.42 could trigger a rapid move, while closing above $167 on strong volume would likely push the price towards $180, aligning with Fibonacci extension levels and previous price action. A clean break and hold above $180 could open the gates to test $200, a key psychological level and previous major high.

Using Fibonacci extension to calculate the next price target, if we take the swing low at approximately $120 and the recent swing high near $167, the 1.618 Fibonacci extension lands near $196.5, aligning well with the $195–$200 resistance zone. The Heikin Ashi candles are consistently green for several sessions, with very small or non-existent lower wicks, indicating strong bullish momentum and minimal selling pressure. This suggests a trend continuation rather than exhaustion, with a stable and gradually accelerating trend.

Volume remains a key missing component. While the price action is bullish, confirmation from a volume surge, especially around the $167–$170 zone, is needed. If volume picks up during a breakout, it increases the probability of reaching the $180 and $195 targets within the next 1–2 weeks. A higher low pattern is forming, an early sign of a trend reversal confirmed by the RSI and price structure. If SOL price maintains above $155–$158, bulls will likely stay in control.

Technically speaking, if Solana price breaks above $167.42 with conviction, a rally toward $180 is likely, and if momentum continues, $195–$200 becomes the medium-term target. The overall setup is bullish, with supportive RSI levels, strong Heikin Ashi structure, and favorable Fibonacci extensions. The bullish scenario predicts a move from $180 to $195 in 7–14 days, while the bearish invalidation point is below $152, indicating a break of support.