{"id":129813,"date":"2025-05-22T19:18:42","date_gmt":"2025-05-22T19:18:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129813"},"modified":"2025-05-22T19:18:42","modified_gmt":"2025-05-22T19:18:42","slug":"solana-price-fractal-targets-rally-to-260-but-one-thing-must-happen-first-analysts","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129813","title":{"rendered":"Solana price fractal targets rally to $260, but one thing must happen first \u2014 Analysts"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsKey takeaways:<br \/>\nSolana\u2019s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution.<br \/>\nAfter briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs.<br \/>\nSolana shows promising signs on the daily chart, forming a textbook bull flag pattern after a strong uptrend. While SOL prices currently trade under $180, a breakout above this level could propel SOL toward its first target at $200, with further upside potential to $220 if momentum sustains.<br \/>\nSolana 1-day chart. Source: Cointelegraph\/TradingViewThe trend remains bullish, supported by the relative strength index (RSI) at 64.30, indicating healthy momentum without overbought conditions. However, SOL needs a clear market structure break (MSB) or a decisive bullish breakout above $180 to trigger the next leg of the rally.\u00a0<br \/>\nDeclining volumes during the consolidation phase suggest caution, as a lack of buying pressure could stall the breakout.\u00a0<br \/>\nIf SOL fails to breach $180, the immediate key area of interest is between $140-150, and the bull flag pattern would be invalidated. The support range is a daily order block, which should provide higher time frame (HTF) support in case of a price correction.\u00a0<br \/>\nRelated:\u00a0Bitcoin could go much higher due to lack of FOMO and futures market euphoria \u2014 Analysts<br \/>\nSolana price fractal aims for $260<br \/>\nCrypto trader Robert Mercer shared a chart identifying a price fractal pattern similar to October 2024. Mercer emphasized two critical zones: one around late 2024, where SOL broke past $180 after consolidation, and a current zone mirroring that setup. He predicts a breakout above $180 could trigger a sharp upward rally, mirroring the late 2024 rally that saw $SOL peak near $260.<br \/>\nSolana price fractal analysis. Source: X.comLikewise, technical analyst Javon Marks identified a hidden bullish divergence on Solana&#8217;s 3-day chart, a pattern that previously triggered a 1,332% surge in 2024. Marks suggested that if this pattern breaks out again in 2025, Solana could reach a price target of $450.<br \/>\nPopular crypto trader XO also remained on the lookout for a long opportunity, but suggested waiting to see if Solana could flip the $180 level into support.<br \/>\nSolana analysis by XO. Source: X.comRelated:\u00a0BTC price eyes $112K as risk assets &#8216;ignore bad news&#8217; on unemployment<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/solana-price-fractal-targets-rally-to-260-but-one-thing-must-happen-first-analysts?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsKey takeaways: Solana\u2019s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution. After briefly dropping to $160 from $184, Solana&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129813"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129813"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129813\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129813"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}