Solana Price Prediction: SOL Mirrors ETH’s 2020 Bull Run – $600 Target in Sight

Solana's price action is flashing a familiar signal—one that Ethereum investors wish they'd caught earlier. A bullish pattern reminiscent of ETH's 2020 breakout has analysts dusting off their moon math.

The setup? A near-identical consolidation phase before ETH's historic 50x climb. The target? A cool $600 per SOL—just for starters.

Technical traders are stacking positions, whispering about 'symmetry plays' between the two smart contract giants. Meanwhile, retail waits for CNBC to confirm the trend—as usual, a few quarters late.

Will history rhyme? Solana's throughput advantage could make ETH's 2020 gains look like a warm-up act. Or it'll be another case of 'this time it's different'—the four most expensive words in finance.

This goes hand in hand with the CLARITY ACT, also expected around October, which stands to unlock sidelined demand from institutions waiting on regulatory clarity.

Solana Price Analysis: Can Solana Mimic Ethereum’s Rise?

At $190 and rising 35% in the past month, SOL has broken a key downtrend and formed a bullish ascending channel that echoes Ethereum’s 2020 rise from $100 to $4,300.

While the most recent retest of this channel met rejection, SOL now appears to be gearing up for a breakout, with a potential double bottom forming at the $176 support level.

Momentum indicators back the case for a reversal. The RSI is climbing after tapping oversold territory at 30, suggesting that buyers are stepping in as sell pressure exhausts.

Similarly, the MACD histogram is beginning to flatten below the signal line, often an early sign of a reversal on the 4-hour time frame, indicating the recent downtrend may be losing steam.

If ADA can bounce from current levels, the key breakout point lies at the double bottom neckline around $195, which could open the path to retest the channel at $210.

With a channel breakout here, the solana price could advance to retest the channel’s upper resistance, setting the stage for a 64% breakout to $300 if successful.

With growing TradFi interest, pending ETF proposals, and rising adoption across RWA platforms and DeFi, Solana may be positioned to follow Ethereum’s 2020 parabolic breakout.

That puts long-term price targets of $600 up to $1,000 in play if this structure holds.

The Solana Exosystem Holds Higher Gain Opportunities

When it comes to large coins like SOL, gains are limited. Explosive breakouts take months to build, and pan out in a fraction of that time—holder spend most of their time waiting.

Meanwhile, the low-cap meme coins in its ecosystem are printing 10-100x gains as altcoins season sentiment builds.

That’s where Snorter ($SNORT) steps in. Its purpose-built trading bot is engineered to spot early momentum, helping investors get in before the crowd, where the real gains are made.

While Trading Bots are not a new concept, Snorter has been designed specifically for sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection.

It’s one thing to get in first, it’s another thing to know when to sell—Snorter Bot can help.

The project is off to a strong start—$SNORT has already raised over $2.2 million in its initial presale weeks, likely driven by its high 165% APY on staking to rewards early investors.

You can keep up with Snorter on X, Instagram, or join the presale on the Snorter website.