$SOL

Solana News: Solana (SOL) Chart Signals Strong Bullish Momentum: Is $260 Next?

AI Summary

Solana (SOL) is currently showing one of the most bullish technical charts in the crypto market, with multiple indicators and analyst opinions converging on a potential rally toward $260.

Key Technical Highlights:

Bull Flag Pattern (Daily Chart):

SOL is trading within a bull flag—a bullish continuation pattern characterized by a consolidation channel following a sharp price rise. The upper boundary resistance sits near $190. A daily close above this level could trigger a breakout toward the bull flag target of approximately $258, implying a 41% upside from the current price (~$180).

V-Shaped Recovery (Weekly Chart):

Since late 2025, SOL has been forming a V-shaped recovery pattern, a strong bullish signal where price rebounds sharply after a steep decline. The neckline resistance is at $260, which would complete the pattern. Bulls need to hold $200 as support to increase the likelihood of reaching this target.