Analysts Set $300 Solana Price Target as $230M Short Squeeze Looms

A bullish consensus is building around Solana (SOL) as two analysts note that the altcoin is headed to $300. This Solana price breakout may be supported by a looming short squeeze as $230 million short positions risk liquidation at $180.

SOL value today trades at $174 with a modest 0.8% decline. Trading volumes had surged by 20% to $3.48 billion per CoinMarketCap data. In the last 24 hours, SOL price has fluctuated between a daily low of $174 and a daily high of $178.

Analysts Forecast Solana Price Rally to $300

Analyst Henry on X notes that the price of Solana is on its way back to $300. He observed that SOL was currently trading within a consolidation range, which signals accumulation before the next explosive move towards $300.

In his analysis, Henry added that the volume profile indicator shows that trading volumes were notably high at this accumulation range. This indicates that Solana price is forming a strong support, and one big push to the upside will push the price to $300.

Historical patterns support Henry’s bullish outlook as the price tends to rebound each time it falls within this support zone. If history rhymes, SOL could form a new high.

Crypto analyst ByzGeneral also shared a similar take, noting that Solana’s open interest remained at range highs despite a steep decline in price seen between January and April 2025. During the same period, SOL’s aggregated volume remained high. This shows a divergence as traders hold their positions despite the price dip.

ByzGeneral’s Solana price analysis also observes that the cross-exchange funding rate is positive on Binance, OKX, and Bybit. Per this outlook, the high open interest is a result of bullish positioning as traders bet the price will surge further.

The bullish consensus by the two analysts coincides with a previous Coingape analysis noting that Solana may hit $300 as it shows signs of entering a recovery phase.

$230M Short Squeeze Looms

As analysts map the Solana price path to $300, the liquidation map is showing a looming short squeeze. This metric indicates that if Solana price begins its ascent now and reaches $180, $230 million long positions are at risk of liquidation.

Considering that the sentiment towards Solana has flipped bullish, short sellers may begin to close their positions, and this will trigger buy-side pressure. If the short squeeze coincides with high retail demand, the SOL price will likely get to $300.
Final Take

Analysts are bullish on Solana price performance as the ongoing consolidation mirrors quiet accumulation before an explosive move. As trader sentiment turns bullish, short positions are facing the risk of liquidation, and this may drive the upward trend that pushes SOL price to $300.

To get a detailed forecast for Solana price between 2025 and 2050 – Read This. 

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.