Price Analysis View Non-AMP

Attention Traders; Here is the Real Winner–Regardless of SUI Price Spikes or SEI

Published by
Sahana Vibhute

Solana which entered the crypto space being one of the tough competitors of Ethereum is often compared and equated with the other chains like SUI or SEI. These tokens have gained enough attention from the market participants as they surged over 150% in very little time. However, SOL price in comparison appears to have gone into relaxation mode as the token has lowered its pace after surging above $150. 

While the current trade setup continues to be bullish, here’s when the Solana (SOL) price rally may break above the ongoing consolidation. 

The SOL price has been showing a strong recovery by breaking above its resistance for over 6 months and trying hard to validate a rise above the prevailing descending trend. Once the consolidation ends, the Solana price is believed to rise and mark new highs. However, to do so, the bulls must brace up a little. 

The SOL price in the short-term has completed with a parabolic recovery which appears to be more or less a cup and handle pattern but in a reverse way. Therefore, the SOL price may break out from the consolidation, in case it enters the resistance zone or the neckline between $160.11 and $162.33. Otherwise, it may face a minor rejection, plunge back below $140 and undergo a parabolic recovery to complete a head & shoulder pattern resulting in a bullish breakout. 

Therefore, the bulls appear to be poised to trigger a fine rise beyond $180 in the next few days or else in October 2024. This move is expected to elevate the Solana (SOL) price above the bullish influence, which may further elevate the levels beyond the yearly highs at $200. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025