Analyst Anticipates 140% Increase Leading to New All-Time Highs

Solana (SOL) is regaining attention as a market expert forecasts a significant surge that could drive the token’s value to unprecedented heights by late 2025. This prediction points to a remarkable 140% increase from current prices, aimed at an ambitious target of $420 and above.

Solana Set for a Rapid Ascend Toward $420

Recent chart analysis from a TradingView crypto analyst indicates that Solana has formed a clear rounded bottom pattern, signaling a potential bullish turnaround towards new all-time highs. The analyst anticipates that SOL is poised for a parabolic rise towards $420, highlighting that this optimistic forecast may not even be the final objective for the cryptocurrency.

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This analysis is predicated on the emergence of the rounded bottom pattern, which has taken shape since early 2025. The pattern has evolved into a breakout formation, with the Solana price consistently remaining above the $160 support line—a critical foundational level of the rounded bottom and a psychological anchor for the market.

Importantly, Solana encountered significant resistance on May 23. However, despite this pullback, the analyst emphasized a resilient price action, indicating that bullish momentum persists, suggesting that the dip has not changed the altcoin’s optimistic long-term projection.

Furthermore, Solana saw a drop to a low on May 19, depicted on the price chart. Nonetheless, the analyst confidently states that there is “no bearish behavior” evident on the current chart.

Provided that the $160 level holds, the current trend could move toward elevated Fibonacci resistance levels, reaching the 1.618 extension approximately at $419.78. This bullish target reflects an estimated 140% increase from the current price of about $178, potentially positioning Solana at a new all-time high.

Interestingly, the analyst noted that even if Solana dips below the significant support level, this would likely indicate a market shakeout or a bear trap rather than a mere retracement or a refutation of Solana’s bullish outlook. This perspective is based on the belief that SOL’s bullish tendency has already been established, setting the stage for potentially substantial long-term growth.

The crux of the analyst’s findings is the expectation that Solana’s rise could be sudden and impactful, leading to regrets among those who chose not to invest. As the market matures and liquidity increases following Bitcoin’s steady ascension, the subsequent sharp upside potential for Solana could materialize much sooner than anticipated.

Macro Factors Align for Significant Crypto Expansion

While outlining his optimistic stance on Solana, the analyst pointed out that shifts in macroeconomic conditions could act as a catalyst for remarkable growth in the cryptocurrency market. With the US Federal Reserve projected to start cutting interest rates soon, the broader risk-on atmosphere is expected to substantially benefit the crypto space.

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The analyst posits that Solana’s current pricing, while not at the absolute minimum, still presents a notable buying opportunity. The analyst revealed that Solana’s potential is considerable, and as the upcoming bull cycle gains traction, a price of $300 will no longer be deemed excessive. Before this unfolds, the analyst advises that investors “should be completely invested and act as if it’s the final chance to buy.”