Peter Smith
⬤ Solana (SOL) keeps showing impressive strength on the weekly timeframe, recently pushing past a major resistance level that had blocked its way up for quite a while. Looking at the bigger picture, SOL has been making higher lows for several years while staying above a rising trend line. The chart setup has some market watchers talking about a potential run toward $1,000—a pretty bullish long-term view.
⬤ What really stands out is how Solana finally broke above that horizontal resistance line drawn from previous cycle highs. After bouncing off it multiple times over the years, SOL is now trading above it, which suggests we might be entering a fresh phase of price discovery. Meanwhile, the upward trend line connecting those multi-year higher lows is still holding strong, backing up the idea that the uptrend is alive and well. Right now, SOL is sitting comfortably above $100, quite a comeback from its earlier cycle lows.
⬤ From a long-term perspective, the path toward $1,000 doesn't seem that far-fetched when you zoom out on the chart. The whole structure shows years of accumulation and consolidation followed by renewed upward momentum. There's no specific timeline attached to this target, but the focus is clearly on that weekly trend and the significance of breaking through resistance that kept SOL in check during past cycles.
⬤ This matters because Solana is one of the biggest names in crypto, and when it shows this kind of sustained strength on higher timeframes, it tends to influence sentiment across the broader market. With SOL holding its upward structure and $1,000 being thrown around as a realistic long-term target, all eyes are on whether this momentum keeps building as we head deeper into 2026.
Peter Smith
