Recent Solana (SOL) price movements resemble patterns observed in Q4 2022, highlighting a possible future price surge. An analysis by analysts suggests that SOL may reach $160 to $180 by May 2025 and potentially revisit its all-time high (ATH) by the third quarter of the same year. 
The key driver is believed to be expanding decentralized finance (DeFi) applications and increased institutional investment. 
Solana’s history suggests a cyclical pattern, with periods of heavy selling in late 2022 leading to a double bottom formation before a significant breakout rally that surpassed $125 by March 2024. The current price movement aligns with this historical pattern, showing similar indicators as the previous one. An accumulation phase is anticipated, followed by a strong break-out, which could push SOL prices beyond the resistance levels in the coming months. 
