- Solana’s price structure closely mirrors Bitcoin’s 2024 breakout pattern.
- Key support holds near $145, while upside targets sit at $190, then $200–$280.
- On-chain metrics—DApp revenue, volume, and user growth—strongly support a bullish case.
Solana’s kinda sneaking up on everyone again. No flashy headlines, no massive spikes—just steady movement, and honestly, it’s starting to feel a lot like what Bitcoin pulled off back in early 2024. You’ve got the liquidity sweep, the fast bounce, and now… a slow climb. Some folks are already whispering about a breakout.
Same Fractal, Same Fire?
If you throw Solana’s chart next to BTC’s early 2024 setup, the resemblance is a little spooky. That dip below $120? It didn’t really scream breakdown. Looked more like a fakeout to flush weak hands. Classic move. And after that sharp bounce? Yeah, the reclaim looks legit.
Crypto analyst Mister Crypto is seeing the pattern too. He thinks we could be headed for a $200–$280 target range if the structure holds up. Big “if,” sure, but the bullish setup is pretty clean so far. Just like Bitcoin’s before its last breakout.
Testing the Waters Around $145
Right now, SOL’s flirting with the top of its old downtrend channel. Flipped that sucker into support, or at least it’s trying to. Around $145 is where the trendline meets some mid-range structure, and so far, buyers seem to like that area.
Analyst Satoshi Flipper pointed out this zone’s importance—and the fact that this pullback doesn’t feel impulsive. More like a reset. If the bulls can hold this range ($142–$145), then the next logical move is toward $190. Maybe more.
But let’s be clear: the broader trend is still technically bearish. So, while momentum’s building, this ain’t a confirmed trend reversal just yet. It’s more of a counter-move… that might turn into something bigger.
Drawdown Shrinks, Hope Grows
Remember when Solana was down nearly 95% from its all-time high? Brutal times. But the latest data from Into The Cryptoverse shows that drawdown has eased to about -44%. That’s a solid recovery—not dramatic, but consistent.
The shrinking “red zone” on the chart is a good sign. Price keeps printing higher lows, and every little bounce seems to stick a bit more than the last one. Add that to the technical retests and reduced bleed… and you’ve got the beginnings of something bullish.
On-Chain Data Looks… Kinda Crazy Good
It’s not just about price anymore. Solana’s on-chain metrics are blowing up in all the right places. New data from Blockworks shows SOL crushing it in tokenized asset volume—beating every other chain, and it’s not even close.
Even more wild? According to SolanaFloor, Solana DApps brought in a jaw-dropping $562 million in Q2 2025. That’s more than Ethereum, BNB Chain, and Base—combined. Five straight quarters of leading the pack. Not a fluke.
Here’s what’s fueling the fire:
- Tokenized asset volume? Solana’s king.
- DApp revenue? Over 50% market share.
- DePIN + RWAs? Real economic activity finally hitting the chain.
- User + dev growth? Still climbing, thanks to cheap fees and speed.
Put simply, the fundamentals are matching the chart.
Final Thoughts
Solana’s not screaming. It’s building. Slowly, methodically, and kinda beautifully. From reclaiming trendlines to dominating on-chain volume and DApp revenue, this run has some serious legs—if it can stay above key support.
It’s not all clear skies, of course. A failed hold could bring more chop, maybe even a dip. But right now? The momentum is real, and Solana’s looking like one of the most compelling setups in crypto.
