The Solana price is currently in a recovery phase, drawing significant market attention. After bouncing from a key accumulation zone, $SOL is trading around $159. This follows a recent test of support near $145 and a breakout from a descending channel pattern on the daily chart.
Technical analysis points to potential price targets, with $242 identified as a near-term level and $301.57 as a longer-term projection. Market sentiment appears to lean bullish, supported by consistent buying activity around the $160 level.
This technical structure suggests the possibility of further upward movement. If the current momentum holds, the price could advance toward $200, with the $300 threshold considered a potential target for early 2026.
