Solana Breaks Above $190 as Ascending Triangle Targets Point to $300 and $360

Solana breaks above $190 with ascending triangle breakout, setting targets at $300 and $360.

Fibonacci levels at $220, $241, and $275 mark the next milestones after the confirmed breakout.

RSI above 80 and MACD strength support bullish momentum as ETF approval odds near 99%.

Solana (SOL) is showing strong technical structure after breaking out of an ascending triangle pattern on its daily chart. The price breakout above the $180–$190 resistance range has drawn market attention, with key projections now focusing on $300 to $360 as possible next targets.

Technical Breakout Points Toward Higher Fibonacci Levels

Solana has confirmed a bullish move by closing above key resistance near $190. According to analysis prepared by Ali Charts, the breakout aligns with an ascending triangle structure, which often indicates upward continuation. The pattern formed between March and July, with rising lows meeting horizontal resistance.

The price is now supported by the 0.618 Fibonacci level around $145 and the 0.786 level near $174. These levels may act as potential support zones in the case of a pullback. Trading volume has also increased, suggesting growing participation from investors following the breakout. Solana is currently trading at $198.20.

Fibonacci extension levels point toward clear milestones, including $220, $241, and $275. The 2.0 extension level at $352 aligns closely with Ali’s upper price forecast. These levels reflect areas where historical price reactions have occurred.

Investor Confidence Rises Amid Market Momentum

According to a report from BitGuru, Solana has rallied from a double bottom near $160.18 to a recent high around $204.98. The price increase followed strong market momentum, which saw Solana gain over 24% in the past week. Analysts suggest a short-term consolidation could occur near the $205 resistance level.

Source: BitGuru(X)

The Relative Strength Index (RSI) remains above 80, reflecting strong bullish momentum. The MACD indicator also shows continued strength as it remains above the signal line. This technical positioning supports the case for continued upward movement if volume and structure hold.

Source: Polymarket

Polymarket data also shows rising confidence in the approval of a Solana ETF in 2025, with odds reaching over 99%. Analysts will now watch key levels such as $220 and $250 as the market seeks confirmation of trend continuation.

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