Solana Price Rebounds Above Support as Analysts Eye $500 Target

Solana price has bounced back strongly above $190 after a 22% correction, recovering and reclaiming key technical levels. The recovery comes after a sharp pullback from $253, finding support near a key demand zone, which adds further strength to the long-term uptrend.

At the last bull run in 2021, Solana price reached a high of $260. However, in 2025, it already passed that milestone to $295 before falling back. As a result, traders now view this retracement as a potential reset and not a reversal. With renewed strength and higher volume, Solana may break out once again toward $300, and possibly toward the much-discussed $500 target.

Long-Term Structure Bullish Still Bullish Towards $500

According to analyst Crypto Patel, Solana’s long-term market structure has remained bullish, even with the recent correction. His multi-year chart showed that the asset successfully broke out of its descending channel between 2022 and 2023 and is now in an extended accumulation phase. Importantly, the Fibonacci level of 0.382, around $99, continues to provide a solid structural base.

Patel said the consolidation that Solana price has seen between $150 and $200 is a healthy configuration that could be followed by a new leg higher. Moreover, he noted that the growth of ecosystems, developer traction, and on-chain activity continues to grow rapidly, boding well for long-term price appreciation.

Therefore, as long as the Solana price stays above $150-$180, Patel projects an impulsive wave towards $460-$500 before this cycle reaches its peak.

Market Retesting $190 to $200 Zone Before Next Move

Supporting the outlook, analyst BitGuru believed that Solana price is “showing signs of strength again” after a disciplined pullback from $253. He noted that the market is attempting to make a good recovery within the $190-$200 area, which he referred to as a “healthy retest phase.” According to his analysis, this structure frequently results in renewed bullish movement as soon as the correction is finished.

Furthermore, BitGuru’s 4H chart showed a clear reaccumulation pattern forming around this zone. He called this setup the “Bullish Beauty”, a region where the market confidence typically rebuilds. As long as Solana price remains above $190, in the coming days, he sees it moving upwards towards $220-$250. The setup, therefore, is in favor of a larger continuation towards the next resistance cluster around $300.

Textbook Bounce Indicating Trend Continuation

Veteran trader Anbessa called Solana’s rebound a “textbook bounce” off of horizontal support at $180, confirming a strong macro structure. He added that the trend is valid as long as the ascending trendline is respected. If this momentum is sustained, he anticipates a continuation breakout by early November, which could lead to prices returning to $250 and potentially higher.

Additionally, Anbessa’s chart showed how honoring the macro trendlines can make trading much easier in the long run. The analyst restated that Solana’s structure is clean, with higher lows forming along a well-defined uptrend. Hence, as long as buyers defend the $180-$190 zone, there is a high probability of a continuation towards $250 in the short term and $500 in the long term.

Solana Claims Support as Bulls Remain in Control

In addition, Altcoin Gordon pointed out that Solana price has regained significant horizontal support around $190 after a sharp dip in the market. He advised traders to “bid any pullbacks,” emphasizing that the structure is bullish as long as this zone holds. His intraday chart showed a V-shaped recovery from $165, indicating a dip-buying trend among market participants.

Additionally, Gordon’s view aligns with the prevailing bullish consensus. He believes the bounce above $190 confirms that buyers have taken back control, which could lead to another move up to $210-$240. Consequently, Solana’s resilience above support implies that the recent selloff was just corrective, not the end of the uptrend.