$SOL $Solana reveals a clear bullish structure. Currently, we observe the complete formation of waves 1 and 2, while wave 3 of the microcycle is in full development, projecting towards key levels.
Wave 3 is consolidating above 200 USD, confirming the breakout of the historical resistance recorded in 2021. This level, previously considered a critical selling point, now acts as support, validating the trend change and generating optimism among investors.
Moreover, the breakdown of the accumulation triangle in the 200 USD zone suggests an explosive move towards higher levels. According to the technical targets derived from this pattern, the price is initially projected towards 263 USD, a crucial intermediate level that could attract partial profit-taking.
However, the continuation of this momentum could extend to the relevant Fibonacci level near 420 USD, aligning with the characteristic behavior of an extended wave 3. This scenario reinforces the bullish outlook for Solana, as long as volume is maintained and the technical structure is not invalidated by significant pullbacks.
With this analysis, it is clear that Solana is at a key moment, presenting significant opportunities for investors who follow a well-founded strategy.
If you are interested in knowing more about this analysis, you can find it on YouTube under the name **Bitcoin and Solana break records: Enter or wait? From the Global Finances channel,** it is very detailed and the investment strategy is quite interesting.
