Here’s Solana’s path to $1,000 price target

After Solana (SOL) broke through the key $200 psychological level, a trading expert projects that the cryptocurrency still has momentum, with a potential path toward $1,000.

According to Master Ananda’s outlook, the ongoing rally marks the start of a much larger bullish cycle. He noted that while Solana’s recovery may feel gradual, the move from the April 7 low to July 21, just 98 days, is relatively quick, as he explained in a TradingView post on July 21.

Master Ananda’s TradingViewSOL price analysis chart. Source: TradingViewSOL price analysis chart. Source: TradingView**SOL price analysis chart. Source: TradingViewWith an all-time high of $295, Ananda believes resistance will be cleared with ease, similar to Bitcoin’s (BTC) recent breakout, which culminated in a record high above $123,000

Ananda The expert now expects Solana to reach $420 in the mid-term, with $620 and $1,000 as potential upside targets in the current bull market. Notably, a rally to $1,000 would mark a 400% gain from current levels.

Technically, Solana recently broke out of a long-term bullish consolidation, clearing a triangle pattern that formed between April and June 2025

SOL next price levels to watch

SOL is now trading above the 55-day EMA, 144-day EMA, and 200-week MA, confirming a strong trend reversal. Fibonacci extension levels point to upside targets at $252.91, $419.78, $620.35, and $1,021.49.

Ananda attributed the aggressive price targets to Solana’s broader market cycle. In this line, the sharp 60% correction in January 2025 likely marked the bottom, setting the stage for a renewed uptrend

AnandaTo this end, the expert compared Solana’s structure to Bitcoin’s, suggesting that after a new high, SOL is more likely to consolidate and continue higher than to crash.

At the same time, strong on-chain metrics are also fueling Solana’s momentum. Notably, the asset reclaimed the $200 level as Open Interest hit a record $11.03 billion on July 21, up from $9.52 billion just days earlier, according to Coinglass

CoinglassSOL open interest chart. Source: CoinglassSOL open interest chart. Source: Coinglass**SOL open interest chart. Source: CoinglassThe surge in Open Interest reflects rising capital inflows into the derivatives market and growing trader confidence.

Solana price analysis

At press time, Solana was trading at $200.43, up nearly 5% in the last 24 hours and 25% over the past week.

SOL seven-day price chart. Source: Finbold**SOL seven-day price chart. Source: FinboldAs it stands, Solana is trading well above its 50-day ($155.95) and 200-day ($152.29) simple moving averages, reinforcing the bullish structure. However, the 14-day RSI at 79.04 suggests overbought conditions, potentially hinting at a short-term pullback or consolidation.

Featured image via Shutterstock

Featured image via ShutterstockFeatured image via Shutterstock