Solana pressed against major resistance in August 2025 after spending over a year consolidating. Rising trading activity on the network coincided with the technical pattern, raising expectations of a potential breakout.
Solana Price Tested Long-Term Resistance
The Solana price moved back toward the upper boundary of its consolidation range. For the past 18 months, SOL traded inside a wide accumulation band, absorbing supply while forming higher lows.
At the time of writing, the token was again testing its breakout ceiling. Market analyst Chris Burniske said that assets rarely sustain consolidation phases of this length without eventually resolving higher.
He added that SOL was holding above long-term moving averages, a condition that often marked the late stages of accumulation.
A confirmed breakout could shift attention toward higher levels, with the $300–$400 zone considered realistic cycle targets.
From a technical standpoint, the chart displayed the hallmarks of compression against resistance.
The structure resembled an ascending triangle, where buyers consistently stepped in at higher lows. Each retest of the ceiling suggested that demand was building, not fading.
Solana Price Relative to Bitcoin Strength
The Solana price relative to Bitcoin also approached an important threshold. Analyst Scott Melker identified the current SOL/BTC range as one of the most significant resistance zones on the chart. For months, attempts to move higher were capped at this band.
At press time, SOL/BTC had formed higher lows while compressing below the 0.001840 level. Rising volume during these retests signaled that buyers were becoming more active.
Analysts said that a breakout would not only improve Solana’s relative strength but also confirm the structure observed on the USD chart.
Technical signals on the pair supported this interpretation. Sustained higher lows indicated that buyers had defended each dip, creating upward pressure.
The repeated tests of horizontal resistance suggested that selling interest may have been weakening.
On-chain Activity Supported Bullish Structure
Network activity aligned with the technical picture. According to derivatives data, Solana recorded around $2.35 Billion in 24-hour perpetual futures trading volume.
At the time of writing, this figure surpassed Ethereum, Binance Smart Chain, Arbitrum, and Base during the same period.
Analysts said the concentration of liquidity on Solana indicated that traders increasingly favored the network for leveraged exposure.
The surge in volume reinforced the bullish chart structure, suggesting that technical pressure was being matched by fundamentals
Momentum indicators added to this picture. The Relative Strength Index was stable near neutral levels at press time, showing neither overbought nor oversold conditions.
Expanding volume during resistance tests suggested conviction among market participants.
Analyst Quinten highlighted $225 and $260 as immediate checkpoints if the breakout confirmed. Both levels corresponded with technical structures formed during the prolonged consolidation.
Outlook as Solana Neared Breakout
The Solana price traded at a pivotal level after an extended period of sideways action.
Technical compression against resistance, improving strength relative to Bitcoin, and surging on-chain activity all pointed to a market under pressure to resolve directionally.
If buyers forced a breakout, analysts said the network’s liquidity and volume profile supported continuation toward higher levels.
At the time of writing, the alignment between chart structure and on-chain data suggested Solana was close to a decisive move.
Source: https://www.thecoinrepublic.com/2025/08/29/solana-price-builds-toward-breakout-as-on-chain-volume-surges/