Solana Price Prediction: After 18 Months of Consolidation, Is SOL Ready to Target $300–$400 in the Next Breakout?

Solana is pressing against a key breakout level after months of consolidation, with rising on-chain activity fueling hopes of a major bullish leg.

After spending more than a year stuck in sideways action, Solana is once again pressing against its breakout ceiling. Price has steadily climbed back into the upper end of its range, and market watchers are starting to wonder if the long wait for momentum is finally coming to an end.

Solana Consolidation Nearing Its End

Solana has spent the past 18 months consolidating within a wide accumulation band, with the price now pressing against the breakout ceiling. This prolonged sideways structure suggests that supply has been absorbed, setting the stage for a decisive move. Chris Burniske notes that few assets sustain such long consolidation phases without eventually resolving higher, and SOL’s current posture looks like it’s preparing for that kind of breakout.

Solana tightens near its breakout ceiling after 18 months of accumulation, with $300–$400 targets back in focus. Source: Chris Burniske via X

From a technical perspective, Solana’s consolidation is compressing against resistance while holding firmly above its long-term moving averages. This setup has all the hallmarks of an accumulation phase maturing into expansion. A confirmed breakout from this range would not just mark the end of consolidation, it would open the path toward the next major cycle targets, with the $300 to $400 zone coming back into sight as a realistic upside level.

Solana Approaches a Make-or-Break BTC Level

Solana’s performance against Bitcoin has reached what Scott Melker calls one of the most important levels on the chart. After months of building a base, SOL/BTC is now pressing into a resistance band that has capped upside attempts throughout this consolidation. The repeated tests of this area hint at mounting strength, with volume starting to tick higher.

Solana’s SOL/BTC pair is pressing into the 0.001840 resistance zone, with higher lows signaling growing strength. Source: Scott Melker via X

On the technical side, the pair has formed higher lows while compressing against horizontal resistance at 0.001840. A breakout here wouldn’t just improve SOL’s relative strength against BTC; it would also confirm the narrative seen on its USD chart.

On-Chain Activity Confirms Solana’s Technical Strength

Following technical strength, Solana’s on-chain activity is starting to match a similar show of strength. The network just posted $2.35B in 24-hour perpetuals trading volume, surpassing Ethereum and outpacing BSC, Arbitrum, and Base in the same period. This dominance in trading activity highlights how liquidity is concentrating around Solana.

Solana records $2.35B in 24-hour perpetuals trading volume, surpassing Ethereum and leading major networks. Source: SolanaFloor via X

SOL’s chart has been compressing for months within a large consolidation band, and this fresh on-chain surge provides fuel to the technical setup. As price continues to lean on higher lows while pressing resistance, the alignment between growing on-chain participation and bullish chart structure suggests Solana may be nearing the breakout.

Solana Price Prediction: Breakout Levels in Focus

After months of consolidation where supply was steadily absorbed, Solana’s price action is now leaning harder against resistance with an ascending triangle formation taking shape. The market has been building pressure through a series of higher lows, and each retest of the ceiling suggests buyers are becoming more aggressive. Analyst Quinten highlights $225 and $260 as the next key checkpoints, levels that align with this tightening structure.

Solana’s ascending triangle points to breakout targets at $225 and $260, with RSI and volume supporting bullish momentum. Source: Quinten via X

This setup connects seamlessly with the broader picture. Solana’s strong on-chain activity and resilience against Bitcoin already hinted that momentum was shifting. Now, the technicals are echoing that strength, with RSI holding firm and volume expanding into retests.

Final Thoughts: Is Solana’s Major Bullish Leg Coming?

Solana has been quietly building a strong foundation, both technically and on-chain, and the pieces now seem to be falling into place for a major move. The long consolidation phase, combined with repeated tests of resistance, suggests that buyers are gaining the upper hand.

Solana is trading at around $204.21, up 8.53% in the last 24 hours. Source: Brave New Coin

If momentum continues to build, especially with liquidity and trading activity already tilting in Solana’s favor, the path toward higher cycle targets becomes much clearer. Levels like $225 and $260 may be the first checkpoints, but the bigger picture points to the $300 to $400 range as the true prize if this breakout takes hold.