- SOL trades around $180, with technical setups pointing toward a $260 breakout if resistance at $190–$200 is cleared.
- Bull flag and V-shaped recovery patterns suggest 40%+ upside, with $220 and $260 as key milestones.
- Onchain strength, rising RSI, and analysts’ bullish calls reinforce confidence in Solana’s longer-term trajectory.
Solana has been riding some wild swings lately. After hitting a six-month high of $209 last week, SOL pulled back hard, dropping 16% to $175 before finding its footing again. Now trading around $180, the charts are hinting that this dip may have been nothing more than consolidation, with multiple technical setups converging on a $260 price target.
On the daily chart, SOL is locked inside a bull flag—one of those continuation patterns where a sharp run up pauses inside a falling channel before breaking higher. The flag’s ceiling is near $190, and if Solana can close a daily candle above that level, it would unlock a technical target around $258. That’s about 41% above where SOL is sitting today.
V-Shaped Recovery and Key Levels Ahead
Zooming out to the weekly view, SOL’s move looks like a classic V-shaped recovery. After bottoming out, price has been grinding back toward the neckline around $260, which would complete the pattern. To get there, though, bulls first need to flip $200 into support. Clearing that milestone could open the door to $220, with $260 as the next logical step—a 43% gain from current levels.
Momentum is building too. The relative strength index (RSI) has climbed from 34 to 54, signaling that bullish energy is slowly picking up. On both daily and weekly timeframes, SOL is sitting comfortably above major moving averages, which strengthens the case for support on any dips. Even on the 4-hour chart, price is perched above the 100-day and 200-day SMAs, reinforcing the uptrend.
Analysts Back the Bullish Case
Market analysts are also leaning bullish. Jonathan Carter flagged an ascending triangle setup, which typically resolves in big upward breakouts. He sees potential targets at $205, $225, and $268 if SOL confirms its structure with a clean bounce. Meanwhile, Crypto King has pointed out Solana’s steady pattern of higher lows since June’s $124 bottom, calling the latest move a “perfect bounce” that could eventually propel SOL back toward its all-time highs near $295.
Network Growth Boosts Long-Term Confidence
Beyond the charts, onchain indicators continue to show strength. Solana’s DeFi dominance, growing fee revenue, and consistently high transaction throughput keep demand steady. For long-term investors, these metrics support confidence that SOL’s momentum isn’t just speculative—it’s being underpinned by real network usage.
