Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268
The post Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268 appeared on BitcoinEthereumNews.com. Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For months, the price of Solana has been trading sideways despite hitting an all-time high of $293 in January 2025. Due to the prolonged volatility and price fluctuations, many had presumed the popular altcoin dead. But the charts suggest otherwise. Jonathan Carter, a crypto market technician on X social media, has highlighted a compelling structure on the Solana daily chart, pointing out that the altcoin’s price is currently retesting the upper boundary of a long-formed Ascending Triangle. According to Carter, this retest comes after a previous false breakout, which initially trapped bulls and sent Solana back into consolidation. This time, however, the setup appears more promising, with SOL finding consistent support along its ascending trendline while gradually settling against resistance. Carter noted that Solana’s daily structure shows clear resistance zones around the $180 – $185 levels, which have capped price advances several times throughout the year. A confirmed bounce from the region could open the door for SOL to reclaim higher targets at $205 and $225, with an eventual breakout setting up a run toward $268. With the altcoin currently sitting at $181, a surge to these upper targets would represent a solid increase of 13.26%, 24.31%, and 48.07%, respectively. Based on the analyst’s chart, the presence of the 100-day Moving Average (MA) just below current levels provides additional confirmation for a potential bullish reversal. At the same time, volume patterns suggest growing interest in accumulation. For now, Carter highlights that Solana’s price remains range–bound between…
The post Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268 appeared on BitcoinEthereumNews.com.
Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For months, the price of Solana has been trading sideways despite hitting an all-time high of $293 in January 2025. Due to the prolonged volatility and price fluctuations, many had presumed the popular altcoin dead. But the charts suggest otherwise. Jonathan Carter, a crypto market technician on X social media, has highlighted a compelling structure on the Solana daily chart, pointing out that the altcoin’s price is currently retesting the upper boundary of a long-formed Ascending Triangle. According to Carter, this retest comes after a previous false breakout, which initially trapped bulls and sent Solana back into consolidation. This time, however, the setup appears more promising, with SOL finding consistent support along its ascending trendline while gradually settling against resistance. Carter noted that Solana’s daily structure shows clear resistance zones around the $180 – $185 levels, which have capped price advances several times throughout the year. A confirmed bounce from the region could open the door for SOL to reclaim higher targets at $205 and $225, with an eventual breakout setting up a run toward $268. With the altcoin currently sitting at $181, a surge to these upper targets would represent a solid increase of 13.26%, 24.31%, and 48.07%, respectively. Based on the analyst’s chart, the presence of the 100-day Moving Average (MA) just below current levels provides additional confirmation for a potential bullish reversal. At the same time, volume patterns suggest growing interest in accumulation. For now, Carter highlights that Solana’s price remains range–bound between…
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