Solana Poised for $164 Rally as Bullish Patterns Form
Analyst Ali believes Solana (SOL) could soon surge to $164.The 4-hour chart shows a symmetrical triangle pattern, indicating price consolidation. A breakout above $153 could trigger this move.
Currently, SOL trades at this critical level. Momentum indicators back this bullish view. The MACD line on the 4-hour/USDT chart crossed above the signal line, suggesting rising buying interest.
Analyst SDX adds that SOL is coiling below a descending trendline. Breaking and retesting this level could spark a stronger uptrend, possibly leading to a new all-time high.
fundamentals also favor Solana. It was included in Trump media and Technology Group’s proposed “blue-chip” crypto ETF. The U.S.SEC has asked issuers to amend Solana ETF applications,hinting at potential approval.
Solana leads in real-world asset tokenization. Tokenized RWAs reached $418 million, with a 631% rise in active users. Network activity spiked 345%,with daily active addresses hitting 15.39 million.
Stablecoin supply on Solana has also grown, supporting decentralized finance. SOL trades 48% below its all-time high of $293, leaving room for growth.
