$SOL
🚨 Solana price could target $320 🚨
Solana’s current price movement is a part of a broader recovery effort following its all-time high of $293.31 reached on January 19, 2025. In the four months since that peak, SOL has been working to reclaim lost ground. The SOL price is currently sitting approximately 41.5% below that record level.
The recent Solana price action indicates positive signs of strength developing across various time horizons. While the 24-hour and 7-day advances are modest at 1.4% each, the trends across the medium term indicate more expansion through a 32.8% advance in the past month.
This climbing growth rate across progressively longer timeframes suggests a strengthening uptrend rather than a short-term fluctuation. If this pattern continues, it provides technical support for the potential move toward the $320 target identified by analyst Inmortal.
The chart pattern shows that after the January peak, SOL experienced a correction before establishing a base and beginning its current recovery phase. The recent price action shows the Solana price finding support at previous resistance levels. This is a classic technical pattern that often precedes continued upward movement.
As SOL approaches the $180 resistance level identified by analyst Inmortal, the coming weeks could decide whether the recovery accelerates toward the projected $320 target. Also, as FTX prepares a $5 billion payout, a CoinGape market analysis has identified $170 and $161 as the Solana price levels to watch.
