SOL Breakout Ahead? Analysts See Solana Surging Toward $295

SOL Coils for Breakout as Bulls Defend $220 Support

Recent Solana (SOL) price action has given traders hope that the altcoin could shift to another level. The token is displaying renewed strength after several weeks of consolidation, placing it within an important breakout zone. Although there have been temporary reversals, the setup indicates that buyers are still in control.

Analyst Satoshi Flipper highlighted an ascending triangle on the 4-hour chart, a bullish continuation pattern. The token has been carving out higher lows while repeatedly testing resistance around the $235–$240 zone. This tightening range hints that traders are ready for an impulsive move. As long as the crypto holds above $218–$220, the setup is in their favor. Meanwhile, a breakout above resistance could propel the asset toward $255, validating the accumulation phase.

SOLUSD 4H CHART | SOURCE: X

Furthermore, trading volume is steady, which reinforces the possibility of an upside if volatility expands. Each dip toward the ascending trendline has attracted buying interest, indicating sustained market confidence. The structure, therefore, points to controlled consolidation rather than weakness, a signal that comes before a rally.

Solana Eyes $295 if Resistance Breaks

Additionally, analyst TraderSZ suggested that the asset is moving within a defined range, with $223 acting as a pivotal mid-level. Resistance lies near $258–$260, while support is firm at $200. More so, lower highs from mid-September bring caution, although recovery from range lows hints at an ongoing accumulation.

SOLUSD 4H CHART | SOURCE: X

Should the token break the resistance at $258, there is a possibility of a breakout to the range of $295-3$25, provided that momentum is retained. This would attest that buyers are in control and that the current price trend is positioning SOL for a surge. On the other hand, failure to protect the $200 level would reduce momentum.

SOL Coils for Breakout Amid Momentum Build

Technical readings complement this bullish setup as the MACD histogram is narrowing, which is an indication that bearish momentum is wearing out. Notably, a crossover will validate a new upward trend. On the same note, the Accumulation/Distribution line is rising close to 63.6M, representing consistent accumulation at the hands of long-term holders. With easing selling pressure, the token is inevitably headed towards the $250 zone.

SOLUSD CHART | SOURCE: TradingView

In general, the market is coiling its next significant move, where sustained surges above the level of $230 could lead to $250 and further $295. At press time, SOL is trading at around $224, consolidating near the lower edge of its breakout zone.