Solana (SOL) is currently in a decisive phase, with multiple analysts highlighting a breakout structure that could lead to significant upside over both the short and long term. According to recent charts and market data, SOL is trading near $85.82 with a market cap of around $49.65 billion, after bouncing from an intraday low of $83.91.
Long-term projections point to $500–$1,000+
Analyst CryptoCurb shared a 5-day chart showing SOL finally breaking above a descending resistance line that had capped price for months. This formation is reminiscent of a similar breakout in 2023 that led to a strong rally. The projected path aims for a long-term upside zone between roughly $900 and $1,900, with a written target of $1,000+. Meanwhile, ChiefraT using a two-week chart identified a large channel where SOL is trading near its lower boundary. He argues that counting SOL out long-term could be a “big mistake,” and if the structure holds, the next cycle rally could reach the $500–$675 area. Both analysts stress that follow-through is needed—SOL must hold above the broken trendline and form higher lows to validate the breakout.
Short-term resistance at $98 is crucial
In the near term, Satoshi Flipper’s analysis points to $98 as the key breakout level. SOL has reacted from an ascending trendline support and is now attempting to reclaim momentum. A daily close above $98 would be the first stronger signal of a broader recovery. Additionally, a separate technical view shows SOL re-testing a break above the daily SMA100; a successful retest could open a path toward $102.77, $111.16, $119.55, $131.48, and ultimately $146.69.
Liquidity zones and derivatives activity
Ted Pillows noted a liquidity cluster around $86–$88, with long-side liquidity building near $80. This creates a two-way setup where a sweep of the upside zone could fuel a short-term rally, while failure to hold $86 might send SOL back to the $83–$80 support area. Adding to market interest, SOL perpetual DEX open interest has surpassed $200 million for the first time, signaling heightened trader participation that could amplify moves in either direction.
Overall, Solana’s technical setup suggests a pivotal moment: reclaim $98 to confirm the recovery and target higher levels, or lose the $80 floor and delay further upside. The long-term outlook remains bullish according to the analysts, but near-term price action must first resolve the ongoing compression.
