Solana (SOL) is forming an ascending triangle and recently broke out of a falling wedge, suggesting a strong bullish setup that could push prices beyond $200, targeting $275–$390 in the coming months.
Institutional interest is growing, with pending SOL ETF applications and more developers building on the blockchain, while analysts like Peter Brandt hint Solana could eventually outpace Ethereum.
Technical indicators like expanding Bollinger Bands and upper band breakouts support the bullish momentum, but SOL must break and hold above $288.51 to unlock its full upside potential.
Solana (SOL) is starting to look spicy again—and honestly, it might just be getting started. After months of moving sideways, the price action lately is showing real signs of life, and some analysts are already betting on a breakout that could push SOL way past $200.
The vibe? Bullish. Very bullish.
Is Solana Gearing Up for a Monster Move?
Since about October 2024, SOL has been stuck inside a pretty tightrange-bound channel, bouncing up and down between set levels. One major level to watch? $147.48—that’s been the go-to support zone, holding things together when price action got messy.
Now though? Things are shifting.
According to Crypto General, a known market analyst, SOL’s been quietly forming an ascending triangle—a classic bullish pattern. This setup usually hints that buyers are gearing up for a move. Higher lows? Check. Squeezing toward resistance? Check.
If SOL breaks out above the top of this structure (around $288.51), we could see it sprint toward $350–$390 in the next few months. Not kidding.
A clean break = game on.
Institutions Are Watching Too
It’s not just retail FOMO bubbling under the surface either.
Institutional investors are lurking. SOL ETFs have already been filed and are now just… waiting. With a new SEC chair stepping in soon, there’s real hope that regulatory uncertainty could finally clear up, unlocking a flood of institutional cash into crypto—and into Solana.
Add to that the growing number of deployments on the Solana blockchain—tons of new dApps, DeFi platforms, NFTs—and you’ve got a chain that’s not just alive, it’s thriving.
Some bold voices, like Peter Brandt, even said Solana could outpace Ethereum in the long run. Yeah. That’s a big statement—but it’s not coming out of nowhere.
If institutions jump in? $200 might just be the appetizer.
Charts Are Flashing Bullish Too
Technical analysis is lighting up green.
On the 1-day chart, Bollinger Bands are widening—showing volatility’s heating up. Even better? SOL’s trading above the upper Bollinger Band, a classic signal that momentum is firmly with the bulls.
As long as SOL stays above the midline (that sneaky blue one), buyers are in control.
Also, Solana recently broke out of a falling wedge pattern—another super bullish formation where price compresses before snapping higher. This breakout sets $275 as the next major target… and that’s not even factoring in hype cycles or ETF news.
So… What’s Next?
In short: Solana’s lining up a pretty compelling case for a big move.
Bullish chart patterns ✅
Institutional interest bubbling ✅
Macro winds shifting ✅
If SOL can punch through $288.51 and hold? We might just be staring at a run toward $350–$390—with $200 becoming ancient history real fast.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.
