Solana (SOL) has gone up by nearly 5% in the last seven days, and investors are asking the question: Is this the bottom for SOL?

After a strong rally in July, the asset pulled back sharply to near the $150 support level, but now it seems the bulls are back in business.

From a monthly low of $155.75, the token is now trading near $180 resistance. This reversal came after the positive momentum in the broader market, where Bitcoin has regained $116,000 mark while Ethereum has hit a new 8-month high.

Image Courtesy: TradingView

However, in this rebound, Solana trading volumes are not too strong, meaning that this could also be a false reversal to trap retail investors. Nevertheless, it does prove that buying interest persists despite previous selling pressure.

With this upward momentum, Solana price prediction has become a topic of discussion with many analysts predicting the next targets for SOL. Meanwhile, a new viral contender, Maxi Doge, is gaining massive traction with a blockbuster presale and explosive growth potential.

Solana Price Breaks Out of Declining Channel Pattern

Solana price technicals are painting a bullish picture for investors. It has broken out of a declining channel pattern with a rise of 2.65% in the last 24 hours. SOL took out the $172 resistance level it has been facing in the last few days. This spells a strong future for the coin, as the technical momentum could lead to a new all-time high.

Analyst Martinez recently posted that SOL is currently trading in the early stage of a bullish breakout, which could lead it to $187 target levels.

Solana $SOL is in the early stages of a bullish breakout, eyeing a move to $187! pic.twitter.com/Zg7JENEsGX

— Ali (@ali_charts) August 8, 2025

This move came after a significant drawdown, fueled by broader market optimism and bullish developments. The demand for the recently launched REX-Osprey Solana staking ETFs has significantly increased, and treasury companies are also increasing their exposure to the asset. According to reports, staked Solana yields a return of over 7.5%, which is the main attraction for investors.

The staking fund’s success shows there is demand for Solana ETFs. This suggests that direct Solana ETFs, once approved by the Securities and Exchange Commission (SEC), will likely attract substantial inflows.

The Solana price is testing the key resistance level near $180, with potential targets at $20 and $250 if bullish momentum holds. However, if it fails to sustain the current momentum, $165 could act as an immediate support level, while $155 could be a major support level.

Maxi Doge (MAXI): The $0.000251 Viral Token That Could Outpace Solana Price Prediction

As optimism is growing into Solana, a new low-cap project called Maxi Doge (MAXI) is stealing the spotlight. Currently in presale, the project has amassed $485,000 in record time, outperforming established coins in just a week after the launch.

Established memes like Dogecoin and Shiba Inu have performed exceptionally in the past and hold a huge influence in the meme coin space. But Genz wants something different that they can relate to. And Maxi Doge is precisely that.

Maxi Doge isn’t an ordinary meme coin; the project brings a different definition to the memecoin space. While it may seem like another Shiba Inu, it is the next evolution, it’s Shiba-meets-discipline — hitting the gym and hustling to win in life, all with an “only win” mindset.

After years in the shadows, he’s stepping into the spotlight, ready to show the world his sharp trading skills but with 1,000x leverage and a massive bench press – the true embodiment of a crypto degen.

Its native token, MAXI, is the fuel of the Maxi Doge ecosystem, with 5% of the supply dedicated to staking rewards, allowing early investors to earn an APY of over 355%. You can purchase MAXI tokens from its official website and stake tokens immediately. So, you can enjoy double benefit –high APY returns, and explosive price growth.