Solana (SOL) price prediction: Bull flag pattern projects a rally to $260

After 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.

Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week, briefly dropping to $160 from $184.

After hitting an all-time high, Bitcoin (BTC) is showing signs of fatigue, leading market speculators to anticipate capital rotation, which could pump major altcoins like SOL toward new highs.

Solana 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.

The 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.

Declining volumes during the consolidation phase suggest caution, as a lack of buying pressure could stall the breakout.

If 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.

Solana price fractal aims for $260

Crypto trader Robert Mercer shared a chart identifying a price fractal pattern similar to October 2024.

Mercer highlighted two critical zones: one around late 2024, where SOL broke past $180 following a period of consolidation, and a current zone that appears to be setting up similarly.

According to his prediction, a breakout above the $180 zone could trigger a sharp upward rally, much like the late 2024 rally that saw $SOL surge and peak near $260.

According to technical analyst Javon Marks, this pattern, known for triggering a 1,332% surge in 2024, is now showing signs of breaking out again in 2025.

If this pattern does breakout again, then the price target for Solana could be as high as $450.

Popular 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.