Key takeaway:
After hovering to a six-month excessive of $209 final week, Solana (SOL) retraced as a lot as 16% to a low of $175 on Tuesday. The SOL value has since rebounded to the present degree of $180, with a number of indicators suggesting that its uptrend towards $260 stays intact.
Solana charts converge at $260 SOL value goal
Information from Cointelegraph Markets Professional and TradingView reveals SOL buying and selling inside a bull flag within the day by day time-frame, as proven within the chart beneath.
A bull flag is a bullish continuation sample in technical evaluation, forming a falling channel triangle after a pointy value rise, signaling consolidation. It sometimes resolves with an upward breakout, persevering with the preliminary bullish development.
The worth is dealing with resistance from the flag’s higher boundary at $190. A day by day candlestick shut above this space will clear that path for SOL’s rise towards the bull flag’s goal at $258, representing a 41% enhance from the present value.
Zooming out, SOL’s value motion has been nurturing a V-shaped restoration chart sample within the weekly time-frame since late 2025, as proven beneath.
A V-shaped restoration is a bullish sample shaped when an asset experiences a pointy value enhance following a steep decline. It’s accomplished when the worth strikes as much as the resistance on the prime of the V formation, also referred to as the neckline.
SOL seems to be on an identical trajectory, and bulls must flip $200 again into assist with a view to enhance the possibilities of the worth rising to $220. Increased than that, the following logical transfer could be the neckline at $260 to finish the V-shaped sample. This might signify a 43% enhance from the present value.
The relative power index has elevated from 34 to 54 over the identical interval, suggesting that the bullish momentum is steadily selecting up.
The charts above additionally reveal that SOL is buying and selling above all the most important shifting averages on each the weekly and day by day charts, suggesting areas of sturdy assist on the draw back. Within the decrease four-hour time-frame, the altcoin is sitting above the 100-day and 200-day SMAs, reinforcing SOL’s bullish case.
Associated: Pump.enjoyable reclaims Solana prime spot as memecoins rebound in August
Solana analysts agree SOL value upside isn’t over
A number of analysts have additionally predicted additional good points for SOL, with technical analyst Jonathan Carter saying that an ascending triangle sample initiatives an enormous upward breakout.
“Solana is retesting the higher boundary resistance once more after a earlier fake-out on the day by day chart,” the analyst mentioned in an X submit on Tuesday, including:
“A confirmed bounce from this zone might validate the bullish construction and ship the worth towards targets at $205, $225, and $268.”
SOL value has shaped a sequence of upper lows after recovering from the $124 degree reached on June 22. The newest restoration from an uptrend line connecting these larger lows gives a “good bounce” that’s set to propel SOL towards its $295 all-time highs, in line with analyst Crypto King.
The $SOL chart is pure poetry.
Good bounce from the uptrend assist, larger lows confirmed.
No must overthink. Focusing on the vary highs at $295. pic.twitter.com/PrLu4R1CXm
— Crypto King (@CryptoKing4Ever) August 19, 2025
In addition to merchants, a number of onchain metrics and indicators, together with DeFi dominance, rising charges and excessive transaction throughput, maintain community demand, boosting traders’ long-term confidence in SOL’s value.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
