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Multiple technical indicators show a bullish trend for SOL prices, with analysts seeing a rise to $260 as the next step.  After surging to a six-month high of $209 last week, Solana (SOL) retraced 16% to Tuesday's low of $175. Since then, SOL price has recovered to its current level of $180, with multiple indicators showing that its upward trend towards $260 remains intact. Solana Chart Points to $260 SOL Price TargetCointelegraph Markets Pro and TradingView data show that SOL is in a rising flag range during the daily cycle, as shown in the chart below. The rising flag is a sustained bullish pattern in technical analysis that usually forms a downward channel after a sharp price increase, indicating a consolidation phase. This pattern often eventually breaks upward and continues the original upward trend. Currently, SOL price is encountering resistance at the upper edge of the flag pattern at $190. If the daily closing price can break through this area, SOL is expected to launch an attack on the flag target of $258, which is 41% higher than the current price.  From a longer period perspective, since the end of 2025, SOL prices have formed a V-shaped reversal pattern within the weekly cycle, as shown in the figure below. A V-shaped reversal is a bullish pattern that occurs when an asset rebounds quickly after a sharp decline and the price rises back to the top of the V-shaped stock (neckline). SOL is currently following this trajectory and bulls would need $200 to revert to support to increase the likelihood of a price rally towards $220. Looking further, the $260 neckline will become the next reasonable target, thus completing the V-shaped reversal pattern. This would represent a 43% increase from current prices.  The Relative Strength Index rose from 34 to 54 during the same period, indicating that bullish momentum is steadily building. The chart above also shows that SOL is trading above all major moving averages on both the weekly and daily charts, indicating strong support below. On the lower four-hour chart, the altcoin is trading above the 100- and 200-day SMAs, further supporting SOL’s bullish stance. Solana analysts agree SOL upside isn’t over yetMany analysts believe that SOL still has room to rise. Technical analyst Jonathan Carter pointed out that SOL's ascending triangle pattern means that it is expected to usher in a major breakthrough. “Solana is once again testing the upper resistance on the daily chart, having previously seen a false breakout," the analyst wrote on the X platform on Tuesday, adding: “A confirmed rebound from this area could validate the bullish structure and push the price towards the $205, $225, and $268 targets. ”  After reaching the $124 level on June 22, SOL price formed a series of higher lows. According to analyst Crypto King, the latest recovery from the ascending trendline connecting these higher lows provides a “perfect rebound” that is expected to propel SOL to its all-time high of $295.
Indicators and data on multiple chains, such as the increasing share of the DeFi field, fee growth and high transaction throughput, continue to support network demand and enhance investors’ long-term confidence in SOL prices. Official website | https://ccrcb.cc/ Hotline | 18922117055 WeChat | bosen010 Guangzhou Bolasem Technology Co., Ltd., referred to as "Bosen Technology", is one of the first high-tech innovative enterprises in China to engage in the research and development of intelligent quantitative robots. It is based on big data research on quantitative technology, combined with the implementation of automatic quantification software, to avoid the emotional and time and energy costs of manual operations. Based on the results of data analysis, the analysis team formulates quantitative models and develops intelligent quantification systems to provide professional, convenient and intelligent investment products and services to millions of investors. About us / about us    historical data / history  |
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