Solana Price Retest Signals Potential Move Toward $268
Analysts are discussing Solana's (SOL) potential price trajectory following recent volatility. Technical analysis indicates a possible move towards $268.
Key Observations
- Solana has traded sideways after hitting an all-time high of $293 in January 2025.
- Trend analyst Jonathan Carter identified an Ascending Triangle pattern on the daily chart, suggesting a retest of the upper boundary.
- Current price resistance exists between $180 and $185; a confirmed bounce could lead to targets of $205, $225, and eventually $268.
- SOL is priced at $181, indicating potential increases of 13.26%, 24.31%, and 48.07% if upper targets are reached.
- The 100-day Moving Average below current levels supports the bullish outlook, with increasing accumulation interest noted.
Despite this, new insights from analyst Ali Martinez suggest a possible short-term pullback, predicting SOL may drop to around $160 before any upward movement. This correction could provide buying opportunities.
