Solana Price Prediction: SOL Nears Parabolic Breakout – $10,000 Target Looms as Bulls Charge

Solana’s SOL teeters on the edge of a parabolic surge—just one critical resistance level stands between current prices and a moonshot toward $10,000. Traders are dusting off their 2021 playbooks as the crypto shakes off its bear-market slump.

Why the frenzy? SOL’s recent rally mirrors its pre-bull market structure, with liquidity stacking up behind key technical thresholds. A clean breakout could trigger algorithmic buying frenzies and FOMO from sidelined investors still nursing losses from the last cycle.

But here’s the kicker: Wall Street’s latecomers will likely claim they ‘always believed in blockchain scalability’—right after they finish dumping their bags. Stay sharp.

Still, near-term volatility is likely, with the August 12 PPI and August 14 CPI inflation readings set to influence the Fed’s rate-cut timeline.

Solana Price Analysis: $10,000 SOL Within Reach?

This sequence of higher highs has tracked along the lower support trendline of an ascending channel in play since 2022, now nearing its apex.

The breakout threshold sits NEAR $280, but with the latest higher low and momentum indicators flipping bullish for the first time since July, a move could be building for a retest.

The RSI has reclaimed bullish territory above the neutral line at 55, suggesting buyer dominance.

Meanwhile, the MACD formed a golden cross over the weekend, crossing above the signal line, often marking the start of a mid-term uptrend on the daily timeframe.

In a breakout scenario, solana could surge toward $1,000 for a potential 470% gain, driven by deeper U.S. TradFi integration.

With possible 401(k) adoption, and the October 10 deadline for a spot Solana ETF approval, the added fuel of rate cuts could attract significant retail and institutional interest.

BREAKING:

BLOOMBERG’S ETF ANALYSTS HAVE RAISED APPROVAL ODDS FOR MOST SPOT CRYPTO ETFS TO OVER 90 PERCENT.

THE GREEN LIGHT IS LOOKING CLOSER THAN EVERpic.twitter.com/8M9PGZCBm4

However, the pattern’s full breakout potential sits around $10,000, though this will likely be realised with sustained long-term demand and ecosystem adoption extending into the next market cycle.

As breakout narratives like RWA mature, platforms like xStocks will likely prove central to this target, with Solana’s emerging role as the go-to for tokenized equity.

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