Solana is giving traders two very different signals, with one analyst pointing to a long-term bull flag and another warning of short-term weakness.
Crypto Curb says SOL could target $1,000 if the weekly pattern breaks higher, while Batman says the latest rejection near $76-$78 keeps bearish pressure in play.
Solana Bull Flag Points to Potential Long-Term Breakout, Analyst Says
Solana could be setting up for a major breakout if a long-term bullish chart pattern plays out, according to crypto analyst Crypto Curb.
In a post on X, the analyst argued that SOL is forming a bull flag on the weekly chart and projected a move above $1,000 if the pattern resolves to the upside.
SOL/USDT Weekly Bull Flag. Source: Crypto Curb (@CryptoCurb)
The weekly SOL/USDT chart shows Solana consolidating inside a downward-sloping channel after its previous rally. The pattern follows a rounded bottom formation that developed between 2022 and 2024 before SOL surged higher.
According to Crypto Curb, the current structure resembles a classic bull flag, a continuation pattern that typically forms after a strong advance. The chart suggests Solana is approaching the upper boundary of the channel, where a breakout could signal the start of another major move higher.
The analyst's projection outlines a potential rally beyond $1,000, representing a significant increase from current levels near $74.
However, the target remains highly speculative. Bull flag patterns can fail, particularly if price breaks below support instead of through resistance. Solana would first need to confirm a breakout from the channel before traders can begin evaluating higher price objectives.
For now, the chart highlights a key technical setup that could attract attention if SOL starts gaining momentum and challenges the flag's upper trend line.
Solana Faces Bearish Retest as Former Support Turns Into Resistance, Analyst Says
Solana may be at risk of another leg lower after failing to reclaim a key support zone, according to crypto analyst Batman.
In a post on X, the analyst said SOL has been rejected at a former support level that is now acting as resistance, while the Stochastic oscillator has reached an overbought area that previously coincided with a major local top.
SOL/USD Resistance Retest. Source: Batman (@CryptosBatman)
The daily SOL/USD chart on Binance shows Solana rebounding from recent lows near $60 before running into resistance in the $76-$78 zone. This area previously acted as support multiple times earlier in the year before breaking down during June's sell-off.
According to the chart, SOL attempted to reclaim the zone but was rejected, a move that can signal weakening bullish momentum and reinforce the former support level as resistance.
The chart also highlights the Stochastic oscillator, which has climbed into overbought territory. Batman noted that the indicator is currently near the same level that preceded the previous major peak, raising the possibility of another downward move.
As a result, the analyst expects the recent rebound to lose momentum and sees an increased likelihood of bearish continuation if buyers cannot reclaim the resistance zone.
For now, traders are watching whether Solana can break back above the former support area or whether the rejection leads to a retest of lower price levels in the coming days.
