Analyst: Solana (SOL) Resistance at $250, Long-Term Bullish Target at $1,250 Thanks to the recent buildup of $SOL reserves by several publicly listed companies, expert analysts at 99 Bitcoins have highlighted the formation of a large ascending triangle on Solana's (SOL) weekly chart, bringing it back into the spotlight. Analyst Captain Fabric highlighted this structure, which shows a pattern of higher lows amidst strong resistance near $250. This setup is generally considered a bullish signal. It indicates steady buying pressure, with investors willing to enter the market at higher levels during price pullbacks. A subsequent weekly close above $250 would validate the ascending triangle and set the stage for a sustained rally. Based on the move projections measured from the pattern's depth, analysts have set a long-term target of $1,250. Momentum indicators also support the bullish view, suggesting stable and resilient demand during the recent decline. $SOL remains in a consolidation phase, but the chart suggests that time is running out before a decisive move. If the breakout materializes, the coming months could be one of the bellwethers of the 2025-2026 cycle.