Solana Breaks Above Ascending Triangle Targeting $300
Solana is breaking above an Ascending Triangle pattern, potentially targeting $300, according to analyst Ali Martinez.
Key Points
- Ascending Triangle indicates price consolidation between converging trendlines.
- Upper trendline acts as resistance; lower trendline provides support.
- A breakout above the triangle signals bullish momentum, while a drop below indicates bearish trends.
- Current SOL price is approximately $205, up over 5% in the past week.
- A successful breakout could lead to a 46% increase, reaching the $300 target, aligning with the 1.618 Fibonacci Extension level.
