SOL is gaining momentum! Technical patterns point to $260, analysts say it could aim for a historical high of $295.

Solana (SOL) briefly fell to $175 after reaching a six-month high of $209, but quickly rebounded to around $180. Multiple technical indicators and on-chain data show that SOL remains in one of the strongest bullish trends in the market, with the next key target potentially aiming for $260, and even challenging the historical high of $295.

Daily Chart: Bullish Flag Pattern Targeting 258–260 USD

(Source: Trading View)

TradingView data shows that SOL has formed a bullish flag pattern on the daily chart—this is a typical bullish continuation pattern that usually appears after a strong pump followed by a short-term rebound channel, and then ends with an upward breakout.

Current resistance: Flag upper boundary 190 USD

Breakout condition: Daily closing price above 190 USD

Technical target: $258 (approximately 41% increase from the current price)

Weekly Chart: V-shaped Rebound Aiming for $260 Neckline

(Source: Trading View)

Since the end of 2025, SOL has formed a V-shaped rebound pattern on the weekly chart:

Step 1: The buyer needs to convert 200 dollars into the support level.

Step 2: Break through the $260 neckline to complete the V-shaped pattern.

Potential pump: up about 43% from the current price, laying the foundation to challenge the historical high of 295 USD.

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RSI: Risen from 34 to 54, indicating bullish momentum strengthening

Moving Average Support: The daily and weekly averages are above all major moving averages.

Short-term breakout: The four-hour chart has broken through the 100-day and 200-day moving averages, strengthening the bullish signal.

Analyst View: Multiple Pattern Resonance Bullish

Jonathan Carter (Technical Analyst): SOL is retesting the upper boundary resistance, and if the Rebound is confirmed, the target prices are 205 USD, 225 USD, and 268 USD.

Crypto King: After rebounding from the low of $124 on June 22, SOL has formed a series of higher lows, with the latest rebound after testing the trend line "perfectly fitting" the technical structure, targeting the historical high of $295.

on-chain and fundamental support

In addition to the technical aspect, on-chain data and fundamentals are also bullish:

DeFi Dominance Increased: The Total Value Locked (TVL) in the Solana ecosystem continues to grow.

High transaction fees and throughput: indicating stable and active network demand.

Investor confidence rebounds: on-chain activity and capital inflow continue to rise.

Conclusion

SOL is currently in a golden phase of resonance between technical patterns and fundamentals:

Short-term goal: After breaking the resistance at 190 USD, aim for 258–260 USD.

Medium-term potential: After completing the V-shaped recovery pattern, it is expected to challenge the historical high of 295 dollars.

For traders, $190 and $200 will be key observation points. Once stabilized, the next strong bullish attack for Solana may officially begin.