Solana (SOL) recently hit a record high of $264 but has since been on a downward trend, forming lower highs and lows over the past 25 days. Despite this short-term bearish outlook, analysts predict a potential rally, with SOL possibly reaching $300 or even $440 based on bullish fractal patterns and Fibonacci extensions. While Solana has underperformed compared to Ethereum and Bitcoin recently, some traders believe it's poised for a significant run. Key support levels are being tested, and breaking above $235 could signal a bullish shift. As always, investors should do their own research.