Solana's Price Projected to Exceed $260: Gold cross formation and TVL approaching all-time highs indicate potential surge in SOL value.
Solana (SOL), the high-performance blockchain, is currently defending its long-term ascending trendline, a sign of its resilience and potential for further growth. According to crypto analyst Bitcoinsensus, holding the rising trendline near $185 keeps the structure intact, adding to the case for a breakout.
The alignment of technical signals is further strengthened by the coordination between the ascending triangle pattern and the Total Value Locked (TVL) growth. Solana's TVL has climbed back near all-time highs, adding to the case for a breakout. This trend is reinforcing Solana's long-term bullish structure and growing market dominance.
Ran Neuner, another crypto analyst, believes that the golden cross in Solana's SOL/BTC pair aligns with Solana's broader structure and suggests another significant breakout. A golden cross, where the 50-day moving average moves above the 200-day, has just confirmed in Solana's chart, a signal that previously fueled rallies of over 170% and 240%.
The SOL/BTC chart has shown Solana pressuring higher against Bitcoin, confirming its relative strength across both majors. If Solana clears the $210 to $215 zone with conviction, upside targets towards $260 and new highs above $300 enter the frame.
BTCC analysts predict that if Solana breaks through the resistance zone of 210 to 215 USD, it could possibly experience a further strong upswing, potentially opening the door to 250 or even 300 USD. The key zone for Solana's breakout is $210-$215, and a breakout from this zone would unlock upside room towards $260.
The dual outperformance of Solana against Ethereum and Bitcoin underscores a rotation of capital towards Solana. Solana continues to outperform both Ethereum and Bitcoin, reinforcing its long-term bullish structure. The alignment of technical signals, on-chain momentum, and relative strength suggests that Solana is starting to look like the standout leader in this cycle.
As of writing, Solana is currently trading at $206.14, an increase of 5.22% in the last 24 hours (Source: our website). The next battle for Solana price sits around the $210 to $215 zone. If Solana manages to break through this zone, it could potentially mark a significant milestone in its ongoing bull run.
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