Solana Price Prediction: Key Technical Patterns Indicate Significant Potential Rise for SOL

Solana is drawing significant attention as Bitcoin's dominance falls and the altcoin season accelerates, with SOL currently testing a crucial resistance level around $188 after breaking through important technical levels. This cryptocurrency has successfully surpassed the main resistance level between $175.96 and $185.56, positioning itself for a potential breakout towards the 2021 high of nearly $260. Technical analysis across multiple time frames shows compelling evidence that SOL may be entering a significant acceleration phase. Analyzing the daily chart, with a 2-day timeframe and monthly momentum showing a 14.64% increase, indicates that Solana appears to be in a strong position for the next major growth phase, aiming for a new all-time high. The Breakthrough Target of the Ascending Triangle Pattern is the Resistance Level of 260 USD The daily chart of Solana shows methodical progress through a clearly defined ascending triangle pattern, with the price successfully breaking through the important resistance level of 185 – 190 dollars.

The technical structure shows that SOL is holding above the upward trend line while maintaining a crucial support level at 160 dollars. The EMA position provides dynamic support for the ongoing bullish trend. Breaking through the main resistance level between $175.96 and $185.56 paves the way for the 2021 high of nearly $260, corresponding to an increase of about 38% from the current level. Ascending triangle patterns are often resolved by breakout points equal to the height of the model's base, targeting a goal area of 260 dollars. Volume analysis indicates significant participation from institutions supporting this breakthrough rather than speculation from retail investors. RSI at 67.07 indicates the potential for further increase before reaching overbought conditions. Solana Price Prediction: The Project Completes the Round Bottom Achieving the Target of 340-350 USD The 2-day chart shows the most optimistic view through SOL completing a large rounded bottom pattern that has developed over several months.

Solana is currently at 186.78 dollars and has successfully retested the breakout level, confirming the validity of the pattern after the curved pattern describing the reversal structure. The chart shows SOL falling from a high around 270 dollars, finding support at the 105-110 dollar level, and then gradually building a base through lower levels. The recent breakthrough at the resistance level of 180 dollars indicates the completion of the right shoulder of the pattern. Round bottom patterns usually have a target equal to the depth of the pattern, plus the breakout levels. With a fall of about 160 dollars from 270 dollars to 110 dollars, this indicates a potential target in the range of 340-350 dollars when the movement phase is measured complete. The monthly chart shows that SOL is approaching the previous cycle's high of 265 dollars, a level that must be surpassed to enter the uncharted territory towards a new all-time high.