Real Vision analyst Jamie Coutts has expressed his belief that Solana (SOL) is gearing up for a significant price increase. Coutts took to the social media platform X to explain that SOL has been consolidating within a large triangle pattern for the past six months, and a breakout above resistance levels will trigger a volatile upward move. Despite the consolidation, Coutts noted that most on-chain metrics for SOL have been improving. Active addresses, total value locked (TVL), and stablecoin market cap have seen notable increases. However, chain utilization metrics have generally declined, suggesting that the rise in active addresses may not have translated into a corresponding rise in economic value. Nevertheless, Solana remains a hub for decentralized application (dApp) development and is now competing with Bitcoin in terms of daily fee income. The coiling price action on the absolute chart is also evident on the relative chart against Bitcoin. Once the resistance is broken, Coutts predicts a price target of around $210-$220 for SOL, marking the first stop in the next wave of the bull market. At the time of writing, SOL is trading at $165. Real Vision CEO Raoul Pal recently stated that a convincing break above $160 for Solana and $70,000 for Bitcoin would likely set the stage for a proper altseason.