Solana Primed for Explosive Rally: $200 Breakout Paves Way for $350 Target
Solana's price action just flipped bullish—hard. The $200 resistance level crumbled like a Wall Street analyst's credibility during crypto season.
Now the charts scream one thing: momentum traders are piling in, and that $350 target isn't some moonboy fantasy anymore. Liquidity pools are shifting, derivatives open interest is spiking—this isn't retail FOMO anymore.
Key levels to watch:
- Sustained closes above $202 confirm the breakout
- Any retracement needs to hold $185 as support
- Exchange reserves dropping as whales move coins to cold storage
Will SOL deliver? The blockchain doesn't lie—but your 'conservative' portfolio manager still will. Place your bets.
- Solana’s price surged 6.2% in 24 hours, with a trading volume of $9.33B, indicating strong bullish momentum.
- The tightening range between $160–$170 suggests a breakout potential toward $200, supported by positive on-chain metrics.
- Analysts predict a sharp rise for Solana, with future price targets between $175 and $188 in 10 days, potentially hitting $292 by 2028.
As of press time, solana is trading at $177, marking a 6.2% increase over the past day. The trading volume for the same period stands at $9.33 billion, reflecting a 46.21% uptick. Over the last week, the Solana coin price has increased by 12.72%.
Source: CoinMarketCap
Solana (SOL) is coiling right beneath an important resistance area, and bullish on-chain metrics and the increase in activity suggest a possible rally toward the $200 mark. Analysts are closely monitoring the price behavior of the asset because its current structure resembles the trend of other significant rallies.
SOL has been squeezing around the $160 to $170 level and has been showing strength and establishing big bases. This base-building activity comes after a steep correction with successful retests of support, and this has reinforced the bullishness among the market players.
The technical momentum is set to continue, and there is a wide belief among traders that Solana will take a breakout swing and push into a new price discovery period.
Solana’s Bullish Structure
Analyst 0xGumshoe mentioned that the recent structure of Solana is very similar to that of Bitcoin, which consolidated into a lower range of $108K, and then exploded up to a higher range of $123K. The similarity between the two charts has led to speculation that SOL might take the same direction so long as the resistance levels are overcome.
Source: X
In the meantime, Solana has been experiencing overhead resistance at around $170. Though it has already been rejected numerous times, it has not yet gone below the key supports, which shows there is great underlying demand. There is now the possibility of a sharp rise to $190 or $200 within the short term, should there be a clearly defined breakout above this range.
Analyst Umair crypto sees two significant moving averages to follow at the daily 200 SMA of $163.76 and the weekly 50 SMA of $169.29. These have served as a limit to the price in recent sessions. A verified high near both may spur more extensive market involvement as well as consolidation higher.
Source: X
Optimistic Price Forecasts
The Optimism surrounding the future prices of Solana is rising with most of the current price predictions projecting SOL at between $175.02 and $188.78 in the next 10 days, as forecasted by CoinLore. Based on 2025 estimations, the forecast is between $142.55 and $235.34, with the optimistic target standing as the highest stretch to be attained at the end of the year.
In 2028, CoinCodex predicts a bullish growth of Solana to be priced at $292.53. The forecast anticipates that SOL will trade between $202.90 in January and $397.28 in September. The numbers indicate a good setup since long-term holders stand a chance with a potential ROI of 124.70%.
| January | $ 202.90 | $ 204.79 | $ 207.00 | 18.37% |
| February | $ 204.68 | $ 213.08 | $ 223.17 | 27.62% |
| March | $ 223.75 | $ 230.61 | $ 244.50 | 39.82% |
| April | $ 239.82 | $ 253.25 | $ 277.88 | 58.90% |
| May | $ 272.17 | $ 278.77 | $ 289.47 | 65.53% |
| June | $ 273.30 | $ 278.17 | $ 284.11 | 62.46% |
| July | $ 283.69 | $ 295.70 | $ 313.27 | 79.14% |
| August | $ 298.99 | $ 309.85 | $ 332.01 | 89.86% |
| September | $ 338.29 | $ 375.71 | $ 397.28 | 127.18% |
| October | $ 350.80 | $ 366.78 | $ 386.49 | 121.01% |
| November | $ 350.68 | $ 359.79 | $ 366.49 | 109.57% |
| December | $ 329.25 | $ 343.84 | $ 357.54 | 104.45% |
According to CoinGlass data, Volume increased by 56.70% to $26.63 billion. Open Interest increased 12.75% to 9.27 billion. The SOL OI-weighted funding rate stands at 0.0121%.
Source: CoinGlass
These considerations are based on historical trends and the growing influence of Solana in the blockchain ecosystem. Its performance and scalability in the DeFi and NFT sectors, as well as its adoption, are ongoing aspects that make it attractive in the long term.
Solana is fast becoming a make-or-break situation as its bullish technicals line up and momentum strengthens. Once resistance is broken, there could be a rapid movement up to the level of $200, and probably the start of its next big rally.
