{"id":162500,"date":"2025-07-12T16:20:35","date_gmt":"2025-07-12T13:20:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=162500"},"modified":"2025-07-12T16:20:35","modified_gmt":"2025-07-12T13:20:35","slug":"sol-price-tests-key-level-can-a-weekly-close-above-170-trigger-a-bull-run","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sol-price-tests-key-level-can-a-weekly-close-above-170-trigger-a-bull-run\/","title":{"rendered":"SOL Price Tests Key Level: Can a Weekly Close Above $170 Trigger a Bull Run?"},"content":{"rendered":"<p>The recent tweet from Ali <strong><a href=\"https:\/\/x.com\/ali_charts\/status\/1944021424647074285\/photo\/1\" target=\"_blank\" rel=\"nofollow\">highlights<\/a><\/strong> a long-term cup-and-handle pattern forming on Solana\u2019s weekly chart. The pattern shows a breakout zone around the $170\u2013$175 region. If SOL can decisively close above this resistance level, it would confirm a bullish continuation structure, supported by Fibonacci extension levels pointing toward targets as high as $330, $785, and eventually $2,000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-162501\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Screenshot-2025-07-12-at-16.16.24.png\" alt=\"\" width=\"1172\" height=\"948\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Screenshot-2025-07-12-at-16.16.24.png 1172w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Screenshot-2025-07-12-at-16.16.24-300x243.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Screenshot-2025-07-12-at-16.16.24-1024x828.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/07\/Screenshot-2025-07-12-at-16.16.24-768x621.png 768w\" sizes=\"(max-width: 1172px) 100vw, 1172px\"><\/p>\n<h2>Price pullback driven by profit-taking and rotation<\/h2>\n<p>Despite the bullish setup, Solana\u2019s price slipped 3.04% over the past 24 hours, dropping to $161. at the time of writing. This decline comes after a strong 7.7% rally over the previous seven days, where SOL peaked at $167.9 on July 11.<\/p>\n<p>The dip is largely attributed to short-term profit-taking and a temporary sector rotation as traders shifted capital into XRP and other altcoins amid renewed speculation around a potential XRP ETF. This redirection of liquidity, combined with technical resistance at the $158.22 Fibonacci level, capped SOL\u2019s upside momentum for now.<\/p>\n<p>On-chain indicators also suggest waning strength. Solana\u2019s 24-hour trading volume dropped 17.8% to $5.85 billion, reflecting a pullback in buying interest as Bitcoin hovers near $118,000 and overall market sentiment cools slightly. The Fear &amp; Greed Index currently sits at 69, indicating the market remains in \u201cGreed\u201d territory\u2014often a zone where short-term tops can form.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/most-trending-cryptocurrencies-on-coingecko-after-bitcoins-new-ath\/\" title=\"Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-analytics-crypto-altcoins-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<h2>Outlook: $170 remains key for bull confirmation<\/h2>\n<p>While Solana faces short-term selling pressure, the long-term technical picture remains promising. A sustained move and weekly close above the $170 resistance could validate the cup-and-handle breakout and set SOL on course toward significantly higher price levels. As Ali notes, this zone is the \u201cgate\u201d to a potential multi-month rally with targets extending into the triple-digit and even four-digit range.<\/p>\n<p>Until then, traders are watching closely to see whether Solana can defend the $150\u2013$160 support and build enough volume to break through the critical threshold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) is approaching a critical technical level that could trigger a major breakout. According to crypto analyst Ali Martinez, a weekly close above $170 may ignite a new bull run and potentially open the door for a rally toward the $2,000 mark.<\/p>\n","protected":false},"author":7,"featured_media":87826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72],"class_list":["post-162500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SOL Price Tests Key Level: Can a Weekly Close Above $170 Trigger a Bull Run?<\/title>\n<meta name=\"description\" content=\"Solana (SOL) is approaching a critical technical level that could trigger a major breakout. 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