Theoretically, the pattern drives a long U-shaped recovery followed by a temporary pullback to regain bullish momentum. In the last two days, the SOL price teased an upside breakout from the neckline resistance at $60-$65.

The cryptocurrency market heated up at the beginning of 2025, with Solana (SOL) indicating a strong possibility of a big rally. In addition, Rexas Finance (RXS), an emerging coin at $0.175, is quickly gaining popularity as the next top crypto.

Solana (SOL) fluctuated throughout 2024 despite moderate gains on the whole, though its performance was underwhelming when compared with other major blockchains, many of whom saw 300% gains as the market expanded.