Solana’s price structure is tightening near a key resistance zone, and traders believe a major breakout could be next.
Crypto analyst JamesEastonUK shared a clean weekly chart setup, showing SOL pressing against the top of a long-term ascending triangle – a formation that’s been building since early 2023.
He wrote:
“Targeting $415 on a breakout for $SOL. Which from current prices is a 124% move. Will look beyond it once reached. Let’s see.”
At the moment, the Solana price trades around $185, just below the resistance that has capped its rallies for nearly a year. A confirmed breakout above $260 could open the door to a fast move toward $415; a gain of more than 120% from current levels.
What you'll learn 👉
Solana Chart: A Textbook Ascending Triangle
The weekly chart outlines a textbook ascending triangle, with a flat top around $260 and a steady series of higher lows forming the base. This pattern typically precedes a bullish continuation once buyers finally absorb the overhead supply.
Each retest of the upper resistance has come with stronger buying volume and shorter pullbacks – both early signs of growing pressure beneath the surface. The rising trendline connecting Solana’s 2023 and 2024 lows has acted as a solid support base, keeping the structure intact even during broader market pullbacks.
If momentum carries through, the measured move from this formation points precisely to $415, aligning perfectly with James’s projection.
The Mystery Announcement: What’s Coming on October 20
Adding fuel to the anticipation, Solana’s official X account dropped a cryptic teaser video earlier this week – a short, 15-second clip ending with the date October 20, 2025 and a simple “👀” emoji.
The teaser shows a futuristic, space-like background with glowing green-blue cards stacking together while a payment confirmation chime plays – the same kind of sound you’d hear from Apple Pay or Google Pay.
That instantly set the community ablaze with speculation. The leading theory? A Solana-branded debit or credit card that allows users to spend SOL, USDC, or other Solana-based tokens directly at stores or online.
Major accounts like MoonPay and Raydium both replied to the teaser using the same eye emoji, hinting that partnerships could be part of the reveal. Other theories range from a Pump.fun airdrop to new privacy tools or a Breakpoint 2025 marketing campaign, but the card speculation remains the frontrunner.
Read also: This Solana Killer Could Be the Next 100x Altcoin in 2025
Solana Market Outlook: $415 in Sight
Between a technically bullish structure and tomorrow’s much-talked-about announcement, momentum around Solana is heating up fast. If the breakout above $260 happens in tandem with a strong product reveal, traders may finally get the confirmation they’ve been waiting for.
A clean weekly close above that level would validate the ascending triangle breakout, setting $415 as the next major target.
With the network’s fundamentals strong and excitement returning, the timing couldn’t be better for Solana to make headlines again – both on the charts and across the market.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
