Analysts suggest that the Solana (SOL) price may be gearing up for a significant rally, potentially reaching $260. After recently hitting a six-month high of $209, SOL retraced to $175 but has since recovered to $180, indicating a persistent uptrend. Technical patterns, including a bull flag formation, suggest that SOL could experience a breakout above current resistance points. For SOL's price to continue its ascent, it needs to close above $190, which would clear the way toward $258, a 41% increase from the current price. Additionally, SOL's price has displayed a V-shaped recovery, needing to convert the $200 level into support to reach further targets, including a neckline at $260. The overall bullish sentiment is bolstered by indicators hinting at increasing momentum, while SOL remains well-supported above key moving averages. Analysts emphasize that with sustained network demand and bullish chart patterns, SOL could even reach all-time highs of $295 if current trends continue. However, readers are advised to conduct thorough research as investment carries inherent risks.

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