Solana (SOL) shows strong bullish signals despite a recent pullback, with analysts predicting a potential rally toward $300 following confirmed technical breakouts. The cryptocurrency is currently retesting a crucial support zone between $185-$190, where over 8 million SOL were previously accumulated, potentially creating a strong foundation for upward momentum.
Technical analysts highlight multiple converging patterns: Jonathan Carter notes an ascending triangle breakout from March with targets at $205, $225, and $268. Simultaneously, ChristiaanDefi identifies a bull flag breakout on the 4-hour chart projecting a 66.12% surge to $294-$300, while SatoshiFlipper observes a falling wedge breakout targeting $280. Key resistance lies at $206, with Suzzy Defi noting that a decisive break above this level could accelerate gains.
Fundamentally, Solana's DeFi ecosystem reached a significant milestone with Total Value Locked (TVL) hitting $10.13 billion - its highest since January's peak. This reflects growing user engagement with lending platforms, staking pools, and liquidity vaults. Bullish momentum is further supported by rising RSI readings, upward-trending MACD, and increasing volume profiles across timeframes.