Solana price prediction: After SOL breaks through $145, it aims to challenge the $160-170 level

Gate news, Solana is holding above the key support level, as the price breaks through $145 and moves towards the target high, the bullish momentum is strengthening.

After weeks of consolidation, Solana is showing stability again. SOL is quietly preparing for a possible major breakthrough. As of June 24, 2025, its price is hovering around $144, but everyone is focusing on whether it can turn resistance into a support level and trigger the next rise. The latest market data shows that SOL has successfully broken through $145, currently trading at $146.05, with a 2.3% rise in the past 24 hours.

Will there be one last bullish rise before Solana hits the top? Solana is holding the key support level, which may just be the calm before the final bullish wave. According to More Crypto Online, there is still a chance for SOL to rise again in this round, but the premise is that the support level at $109 can remain stable. According to the Elliott Wave Theory, the price of SOL Solana is currently near the retracement of the fourth wave.

(Source: X)

If this area continues to play a support role, the fifth wave extension may push the price up to the target range of $270 to $320. This area is consistent with the 1.618 extension level of the first wave, which is a common target level for the top.

Solana is currently hovering near the 61.8% retracement of the previous wave. Analyst More Crypto Online believes that if SOL falls below $109, its structure will fail, turning the outlook bearish.

SOL Solana price is expected to break through $145 Following the long-term bullish trend, Solana's short-term trend is also beginning to reverse bullish. CryptoAM17 pointed out that the $145 level is acting as a local resistance level on the 4-hour chart, near the area previously converted from a support level to a resistance level. If SOL can turn it into a support level, then the next upside targets will be at $165 and $179, consistent with the breakout levels breached in June.

Source: X(

The chart shows that SOL has challenged a clear downtrend line. If it confirms a breakthrough of this trend line and the $145 level, it will mark the confirmation of a short-term reversal.

Short Squeeze Boosts SOL's Momentum Shift At the time of writing, Solana has experienced a large-scale short squeeze. According to SolanaFloor's data, over $20 million worth of short positions were liquidated in the past 24 hours, with the largest single loss reaching $1.66 million, occurring around $141, due to a sharp increase in market risk appetite.

Clearing clusters like this usually mark a turning point, wiping out bearish bets and bringing new momentum into the market. With short covering and long positioning, SOL's volatility is increasing, which may help it break through key resistance levels such as $145.

Solana Technical Outlook After weeks of volatility, Solana seems to be building a new base, with the latest weekly chart structure showing a potential path to recovery. In CJ's chart, SOL rebounds in the apparent demand area near $120 to $125.

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Source: X)

The current weekly K-line structure shows signs of regaining the midline support level, suggesting that if the bulls hold this area, prices may continue to rise. Prices also remain within a clear horizontal range, consistent with the 160-170 dollar range predicted by cryptocurrency analyst CJ and previous weekly supply levels.

The emergence of this technical pattern comes at a crucial convergence point on the Solana test chart. The level of resistance near $150 (previously a breakthrough level) has now become a key resistance level. If SOL can turn it into a support level, it will open the door to a larger structural trend, with a target around $180.

Conclusion: Will the bulls eventually lead? Solana is clearly preparing for a high-risk moment. The support level is between $120 and $125, and the bears have cleared out, setting the stage for a new rise. The chart indicates that SOL is likely to break through $145, but this is not only driven by technical factors, market sentiment is also changing.

Short-term traders are starting to look at the rise again. If the current trend continues, SOL may eventually regain lost ground and challenge the $160 to $170 area.

In addition, if SOL can maintain above $109 and recapture key levels such as $150 and $165, it is expected to break through $270 and above, currently showing strong momentum.