Sep 14, 2025
8 0
Solana Surges 20.89%, Targets $362 After Breaking $205 Resistance
Solana (SOL) has seen a 20.89% increase over the past week, reaching $240, and is now 18.05% below its all-time high of $294. The recent price surge suggests a potential for ongoing growth.
SOL Breaks $205 Resistance
- Technical analysis indicates Solana broke out from an ascending triangle formation, showing bullish momentum.
- The price has surpassed the multi-month resistance at $205, forming a bullish continuation pattern.
- Fibonacci levels project potential targets: $250 (1.272 extension), $277 (1.414 extension), $321 (1.618 extension), and $362 (1.786 extension).
- $205 now serves as critical support; falling below could trigger a retest around $176 or $156.
Current Price and Market Sentiment
- Solana trades at $246, with a 1.67% daily gain, but trading volume has decreased by 27.53%, standing at $7.49 billion.
- Analysts maintain a bullish outlook, expecting limited short-term movement but predicting a rise to $264 in three months.
- With a market cap of $131.65 billion, Solana ranks as the fifth-largest cryptocurrency globally.
