SOL Sprint to $260: Fundamentals are strong, technicals are gearing up

robot
Abstract generation in progress

Current Situation: Solana Ranks in the Top Ten Globally

Solana was co-founded by Anatoly Yakovenko and Raj Gokal in 2018. Since launching its mainnet in March 2020, it has become one of the most active on-chain public blockchains. According to the latest data, SOL’s current price is $142.19, with a circulating market cap of $80.38B, approximately 565 million tokens in circulation, and a total supply of about 618 million tokens.

The reason this project attracts attention lies in its unique technical architecture—combining historical proof and proof-of-stake mechanisms, with a theoretical throughput of up to 65,000 transactions per second and finality within sub-second latency. This makes Solana an ideal choice for high-frequency applications, especially in gaming, NFT markets, and Web3 applications.

Ecosystem Prosperity and Fundamentals Supporting Price Growth

Solana’s ecosystem development is accelerating across the board. In DeFi, mainstream protocols like Serum and Raydium continue to expand market share, directly boosting SOL demand—users trading, providing liquidity, and participating in governance all require consuming SOL tokens.

More intuitive data is reflected in the rising total value locked (TVL) and increasing transaction fee revenue. These indicators demonstrate growing user engagement and network activity, indicating that institutional and retail confidence in the Solana platform continues to strengthen.

Notably, major payment companies such as Visa and Western Union have adopted Solana for stablecoin settlements. This proves that Solana has moved beyond mere speculation and is gradually evolving into an infrastructure layer with real application scenarios.

In the NFT space, trading platforms like Magic Eden also validate Solana’s value as a low-cost, high-efficiency public chain.

Technical Perspective: Multiple Patterns Indicate (

From a technical standpoint, SOL’s chart has established resonance across multiple timeframes:

Daily Bullish Flag: This pattern typically indicates a consolidation phase before an upward breakout. The key resistance level is at $190; once broken convincingly, it often triggers an accelerated rally.

Weekly V-Shaped Reversal: More convincing is the V-shaped reversal on the weekly chart, considered one of the strongest reversal signals in technical analysis. The neckline is at $260, which means $260 is not only a psychological level but also a target based on the initial decline.

Momentum Indicators Confirmation: The RSI is in the upper range but not overbought, suggesting that upward momentum remains sustainable with room for further appreciation.

Expert Consensus: Target Levels Moving Up Step-by-Step

Market analysts share a highly consistent outlook—depicting an upward trajectory from $205, $225, $268 to $295.

This stepwise target setting is based on the recognition of an ascending triangle pattern, with each price target representing successive resistance breakthroughs. $205 is a near-term goal to verify initial bullish momentum; once surpassed, $225 acts as an intermediate checkpoint, opening the door to $268.

Interestingly, the predicted $268 by experts aligns closely with the technical neckline at $260, indicating convergence of different analysis methods—an important confirmation signal. If the rally continues, the historic high near $295 could also become a target.

Key Questions About Long-Term Outlook

Can SOL reach 1000 euros?
This depends on the depth of network adoption, institutional capital inflows, and macroeconomic attitudes toward risk assets. Given the current market cap, this would require a significant expansion of Solana’s addressable market. While a long-term goal, considering the platform’s technological capabilities and increasing institutional integration, reaching this within several years is not impossible.

Where will it be in 2030?
Based on current growth trajectories and sustained exponential adoption assumptions, analysts predict SOL could surpass 10,000 euros by 2030. Of course, this is highly speculative but reflects the transformative potential if Solana successfully achieves strategic goals in DeFi, asset tokenization, and Web3 applications.

Is 100,000 TPS feasible?
Solana’s current 65,000 TPS already leads the industry, and its development roadmap clearly aims to surpass 100,000 TPS. Optimizations in Gulf Stream memory pool and Turbine block propagation protocols are ongoing, making this target a realistic engineering milestone in the medium term.

Overall Assessment

Technical resonance, expert consensus, and a thriving ecosystem collectively support SOL’s target of $260. In the short term, $190 is a critical resistance level; a successful breakout would confirm a bullish pattern and accelerate upward movement.

Traders should establish strict risk management frameworks, using identified technical levels to set stop-losses and targets, while closely monitoring fundamental data to ensure their buying logic remains valid.

In diversified crypto asset allocations, Solana’s technological strength, ecosystem prosperity, and institutional recognition make it a project worthy of focused attention.

SOL-1,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)