Solana Price Surges as $1,000 Target Looms
Solana's price has been showing bullish signals across both short- and long-term timeframes, according to CryptoRank. The immediate test for SOL is whether it can continue holding its reclaimed $96-$97 support zone.
The daily chart shows that Solana broke above a resistance level near $97 and then successfully retested that area as support. Analyst Quinten Francois identifies the breakout-and-retest structure as the key reason the next upside objective near $120 is coming into focus.
However, a clean break above $120 would strengthen the case for another leg higher, while losing the reclaimed $96-$97 area and failing to recover it would raise the risk that the breakout was temporary.
A broader weekly chart from CryptoCurb presents a more ambitious scenario. The analysis compares Solana's current multi-year consolidation with an earlier corrective phase that eventually gave way to a major expansion, suggesting a similar breakout could ultimately carry SOL beyond $1,000.