Solana Eyes Breakout as Triangle Pattern Tightens

[Chawla Solutions]

Solana (SOL) is drawing attention as its price action forms a broadening triangle on the weekly timeframe—a pattern often signaling increasing volatility and a potential breakout. The current rally has taken SOL to the critical upper boundary of this pattern, with bulls eyeing a decisive move.

The most important level right now is the mirror zone between ~$180 and ~$195. This zone acted as support in the past and is now being tested as resistance. SOL has managed to break above it briefly, but a sustained consolidation above this range would confirm a bullish continuation.

Zooming out, this momentum follows over a year of accumulation within a broad range, marked by strong rejections near the ~$115 support zone and resistance at ~$195. The recent 80%+ rally from March lows shows growing market confidence and a shift from accumulation to expansion.

With weekly candles closing higher and moving averages aligning positively (EMA 50 above EMA 200), technical momentum is strong. If SOL manages to hold above $195, the next targets could stretch toward previous highs in the $230–$250 zone.

However, failure to consolidate above the resistance may lead to a pullback toward the mid-range ($150), where buyers could re-enter.

Outlook:
Solana’s long accumulation appears to be maturing into a full-fledged uptrend. A confirmed breakout above the broadening triangle could attract institutional attention and retail FOMO, setting the stage for a major bullish leg.