Solana is absolutely on fire! On this 1-day chart, we’re witnessing a massive rising channel that’s been building since 2023. After a solid rebound from the $93 support, Solana has smashed through a fractal resistance line (check that arched arrow from mid-2023 to early 2024 top). Now, it’s breaking out at a parallel resistance, hanging around $174 — and this could be the setup for a MASSIVE move upward!
I’m calling a potential target of $1,000 if SOLUSDT can muscle through the big resistances ahead: $200, the ATH at $270, and everything beyond. This breakout screams opportunity — Solana might just catch another wave of demand and go parabolic! The $93 support (marked "Back to Nothing Below This Line") looks rock-solid, giving us a strong foundation for this rally.
Key Levels to Watch:
Support: $93 (channel base)
Current Price: $174 (breakout zone)
Resistances: $200, $270 (ATH)
Target: $1,000 (if momentum holds)
Are you ready for this? I’m buzzing — I can’t believe this might actually happen!
Let’s hear your thoughts, traders! Are we heading to $1,000, or will resistance hold us back?