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<p>As Bitcoin crosses above the $97,000 mark, with a new all-time high at $97,800, Solana is back in motion. With a market cap of $113 billion, SOL token price is trading at $239.16.&nbsp;</p>  
<p>In the past seven days, it has increased by 7%, and the bull run is expected to regain momentum with the broader market recovery. So, let's find out the bull run's chances in Solana of creating a new all-time high this year.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-solana-sol-price-performance">Solana (SOL) Price Performance</h2>  
<p>In the weekly chart, the SOL price is challenging the 100% Fibonacci level at $249. This marks the potential third consecutive bullish candle if the uptrend sustains.&nbsp;</p>  
<p>In the daily chart, however, the intraday recovery is creating a bullish candle after two negative days. Furthermore, the weekly triangle breakout rally is creating a cup-and-handle pattern with a neckline at the $249 mark.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21135747/image-7-1024x509.webp" alt="Solana price chart" class="wp-image-382949">
</figure>  
<p><a href="https://www.tradingview.com/x/QsCn2Zac/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>As the broader market recovers, the triangle breakout rally is expected to create a new all-time high, surpassing the $260 barrier. Using the Fibonacci retracement tool, the uptrend is likely to reach the $602 mark by the end of the year.&nbsp;</p>  
<p>For 2025, the Fibonacci level paints an optimistic target of $1850, considering the broader market recovery.&nbsp;</p>  
<p><strong>Technical Indicators:</strong></p>  
<p><strong>MACD: </strong>Supporting the bullish trend, the MACD indicator has given a positive crossover as the bullish trend gains momentum.&nbsp;</p>  
<p><strong>EMA: </strong>The 50-week and 100-week EMA lines maintain a positive alignment and are ready to provide dynamic support.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-solana-whale-adds-100k-sol-totals-55-5">Solana Whale Adds 100k SOL, Totals $55.5</h2>  
<p>&nbsp;A whale has acquired 100,000 SOL tokens valued at $23.86 million and staked them over the past two days. This brings the whale's total holdings to 231,919 SOL tokens, worth $55.5 million.</p>  
<h2 class="wp-block-heading" id="h-solana-network-recovers-quick">Solana Network Recovers Quick</h2>  
<p>As the bullish trend in <a href="https://www.theblock.co/data/on-chain-metrics/solana" target="_blank" rel="noopener noreferrer nofollow">Solana </a>is coming back, the non-word transactions on the network have witnessed an uptick. Following a minor dip to 41 million, they have risen to 42.01 million.&nbsp;</p>  
<p>Furthermore, the number of active addresses on the network has reached a new all-time high of 6 million. Hence, growing network usage will likely boost Solana's market demand.</p>  
<p>Curious about Solana’s future? Read Coinpedia’s latest <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Price Prediction</a> for future price targets.</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732177829485"><strong class="schema-faq-question">What is Solana's current price performance?</strong>
  <p class="schema-faq-answer">Solana (SOL) is trading at $239.16, up 7% over the past week, with a potential breakout forming on technical charts.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732177832369"><strong class="schema-faq-question">What are Solana's key price targets?</strong>
  <p class="schema-faq-answer">Based on Fibonacci retracement, Solana could reach $260 in the short term and possibly $602 by year-end, with a long-term target of $1850 in 2025.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732177833380"><strong class="schema-faq-question">What factors are driving Solana's bullish trend?</strong>
  <p class="schema-faq-answer">Increasing network activity, a bullish technical setup, and a strong macro recovery are supporting Solana's upward momentum.</p>
 </div>
</div>

Solana Eyes $260 Breakout as Fibonacci Levels Target $602

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