Solana price is once again capturing traders’ attention as fresh momentum builds across both technical indicators and DeFi fundamentals. With total value locked (TVL) nearing $9.5 billion and price action breaking out of a key resistance zone, analysts are now forecasting a potential rally to $260 — but one condition must still be met.
Solana Price Analysis – Bullish Breakout Targets $260
After months of consolidation, Solana (SOL) has surged to $180, gaining over 30% in May alone. The daily chart shows a clear uptrend, with a breakout from the $160–$170 resistance zone. Volume is steadily increasing, and SOL is now trading well above its 50-day and 100-day moving averages.
Source: Tradingview
Analysts point to a fractal pattern reminiscent of Solana’s late-2021 surge. If the current move continues to mirror past behavior, price projections place the next resistance near $200, followed by a potential extension toward $260 in the coming weeks.
TVL Surges to $9.47 Billion – DeFi Confidence Returns
One of the most bullish signals behind Solana’s rally comes from its Total Value Locked (TVL), which has rebounded strongly in 2025. According to DeFiLlama, TVL on Solana has reached $9.465 billion as of May 23 — nearly matching its all-time high from late 2021.
Source: DefiLlama
This DeFi growth signals renewed confidence in the Solana ecosystem, with dApps, DEXs, and liquid staking protocols like Jito and Kamino attracting billions in capital. The sharp recovery from its 2023 lows also suggests that institutional DeFi interest is accelerating.
Technical Indicators Flash “Buy” Across the Board
Solana’s chart is now supported by a wave of bullish technical signals:
- RSI (14): 64.04 – bullish momentum without being overbought
- MACD: 6.58 – positive crossover confirmed
- ADX (14): 30.48 – indicates a strong trend
- CCI (14): 81.16 – solid upward movement
Meanwhile, 12 out of 15 moving averages now rate Solana as a “Buy” or “Strong Buy”, including the EMA(10), EMA(20), SMA(50), and EMA(100). The only exception is SMA(200), which remains slightly bearish but is flattening out as price catches up.
Final Thoughts – Can SOL Reach $260?
While the bullish outlook is strengthening, Solana must hold above $180 and build support around $200 to sustain momentum. A strong DeFi ecosystem, increasing TVL, and powerful technical signals provide the foundation for a breakout — but external market conditions and Bitcoin volatility could still influence short-term movements.If current patterns hold, Solana’s price could be heading toward the $260 mark — and possibly beyond.
