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Solana Price Prediction: SOL Nears Breakout Against Bitcoin

Solana Price Prediction: SOL Nears Breakout Against Bitcoin

CryptoNewsNetCryptoNewsNet2026/06/17 11:55
By:CryptoNewsNet
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Solana Price Prediction: SOL Nears Breakout Against Bitcoin

  coinpaper.com 24 m
Solana Price Prediction: SOL Nears Breakout Against Bitcoin image 0

Solana is testing two major technical levels that could decide whether its next move turns bullish or breaks lower.

Daan Crypto Trades says $SOL/$BTC is pressing against falling wedge resistance, while Aman points to a multi-year $SOL/USD support line that could trigger a reversal if buyers defend it.

Solana could be approaching a decisive moment against Bitcoin, with traders watching whether $SOL can finally break out of a months-long consolidation pattern.

In a post on X, crypto analyst Daan Crypto Trades said $SOL/$BTC is attempting to break above a falling wedge, a setup often associated with bullish reversals. However, the analyst cautioned that the pair remains at resistance and has yet to confirm the move.

Solana Price Prediction: SOL Nears Breakout Against Bitcoin image 1

$SOL/$BTC Daily Falling Wedge. Source: Daan Crypto Trades (@DaanCrypto)

The daily $SOL/$BTC chart shows Solana trading within a downward-sloping wedge since early 2026, marked by a series of lower highs and lower lows. Recent price action has pushed $SOL/$BTC toward the upper boundary of the pattern, where previous breakout attempts have stalled.

According to Daan Crypto Trades, a successful breakout above the wedge resistance could trigger further upside momentum for Solana relative to Bitcoin. Such a move could also provide a boost to tokens within the broader Solana ecosystem.

For now, though, the resistance level remains intact.

"As long as $SOL/$BTC is trading into this area, this is the level to watch," the analyst said, adding that confirmation is still needed before traders can assume a sustained move higher.

If buyers reclaim the upper trend line, Solana could begin outperforming Bitcoin in the short term. Another rejection, however, would keep the consolidation structure in place and delay the bullish outlook.

Solana may be approaching a pivotal moment after returning to a support level that has shaped its price action for years, according to crypto analyst Aman.

In a post on X, the analyst said $SOL is testing a multi-year trend line following the formation of a large head-and-shoulders pattern, a setup often associated with trend reversals. However, Aman suggested that if the long-term support level holds, Solana could be positioned for a sharp rebound.

Solana Price Prediction: SOL Nears Breakout Against Bitcoin image 2

$SOL/USD Multi-Year Trend Line. Source: Aman (@Im_Aman2)

The daily $SOL/USD chart highlights a series of major peaks dating back to 2024, forming what appears to be a head-and-shoulders structure. The recent decline has brought $SOL back to an ascending support trend line that has remained intact throughout the broader cycle.

According to Aman, this support zone could determine Solana's next major move. A successful defense of the trend line may trigger a reversal and catch sidelined traders off guard.

The chart also shows the Relative Strength Index, or RSI, approaching historically oversold territory. Previous dips in the indicator have coincided with periods of price stabilization and recovery.

Still, the bullish scenario depends on support holding. A decisive break below the multi-year trend line would invalidate the setup and increase the risk of further downside.

For now, traders are watching whether Solana can bounce from this critical level or whether the head-and-shoulders pattern ultimately leads to a deeper correction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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