The post Solana (SOL) Shows Strong Bullish Momentum, Eyes Breakout appeared on BitcoinEthereumNews.com.

Solana (SOL) shows strong bullish momentum, eyeing a breakout past $250 towards $400-$500, says CryptoJelleNL. SOL’s technical indicators like MACD and RSI (at 66.65) support a continued rally for the asset. Coincodex analysts also predict bullish outcome for Solana, targeting $372-$385 by end of 2025. Solana (SOL) has once again captured the attention of traders and analysts, showcasing strong bullish momentum as it eyes a significant breakout. As of press time priced at $183, reflecting steady growth with an increase of over 6% in the last week alone. This rally signals renewed investor confidence in the high-performance blockchain after a recent period of market volatility.  More importantly, a combination of technical patterns and market behavior suggests that SOL may be preparing for a breakout that could propel it into much higher price territory.  Crypto analyst CryptoJelleNL believes that once SOL clears the $250 mark, the path toward $400–$500 becomes increasingly likely. This optimism stems not only from the chart setup but also from broader market dynamics favoring resilient digital assets. It’s a good thing I still own a bunch of $SOL. Once it clears $250, I doubt it stops before it hits $400-$500. All the weak hands have been shaken out. Time to reap the rewards. pic.twitter.com/fW1EDquA6r — Jelle (@CryptoJelleNL) May 22, 2025 CryptoJelleNL: SOL Clearing $250 Could Set Rally to $400-$500 Zone CryptoJelleNL Solana’s chart analysis shows a clear uptrend that began in early 2023. After dipping briefly, the price reclaimed key support at $132 and is now testing a tough resistance zone around $180–$195.  Related: Solana Leads in DEX Volume for 5th Week; Q1 App Revenue Hits $1.2 Billion Significantly, this resistance area has stalled price action in previous attempts, making it a critical level to watch. However, if SOL can break above $250 a level that has…

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Filed under: News - @ May 23, 2025 12:28 pm