Cryptocurrency analysts predict Solana’s growth to $ 400

Solana SOL $185.23 Binance-Peg SOL -0.81% Market capitalization $0.2 billion VOL. 24 hours $0.27 billion is trading at around $ 207, down about 6% for the week. Despite the short-term weakness, technical indicators signal the potential for new growth.

The 12-hour chart shows a bullish MACD crossover, which in previous cases has preceded strong rallies. Similar signals in July and August led to growth that exceeded previous highs each time. Analysts believe that the current momentum could take SOL to the $ 300−330 range.

On the weekly chart, the token is facing a strong resistance zone in the range of $ 225−260. This is the level that used to be the supply zone during downturns and is now the key for further movement. Some traders are noting the formation of a long-term bowl-like structure that could pave the way for new all-time highs, with potential targets of $ 495 and even $ 618 if the breakout is successful.

The 4-hour chart shows a recovery after a 25% drop, with a rebound from the demand zone near $ 200. The next local target for growth is $ 228, where the structure was previously broken under the pressure of sales.

Liquidation data shows that many short positions are concentrated around $ 218. A breakout of this level could trigger massive liquidations of shorts and create additional buyer pressure, which would support a further rally.

Thus, staying above $ 200 and breaking through $ 225−260 are critical to confirm the bullish scenario. A successful consolidation above these levels could open the way for a new move towards $ 400 and higher.