If Solana ends the week at this level, it will ‘open the gates’ to $2,000
Solana’s (SOL) bullish run on the weekly chart appears to be cooling, but a trading expert believes the decentralized finance (DeFi) asset still has the potential to surge over 1,000%. As of press time, SOL was trading at $160, down 4% in the last 24 hours. However, the asset has gained 8% over the past week. SOL seven-day price chart. Source: Finbold Looking ahead, cryptocurrency trading expert Ali Martinez noted that if Solana breaches the $170 resistance level and closes the week above it, the move would confirm a bullish breakout, according to his X post on July 12. This outlook is supported by the emergence of a cup-and-handle pattern, a historically bullish technical setup. According to the Analysis , Solana began forming the rounded ‘cup’ in mid-2022, which extended through 2023. This was followed by a downward-sloping ‘handle’ forming in early 2025. Now, with SOL hovering at $160, the price sits just below the key breakout level. A weekly...
