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. SOL price analysis chart.

Source: TradingView With 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. 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.

To 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 .

SOL open interest chart.

Source: Coinglass The 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 As 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.

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