1️⃣ Long-Term Support Zone Holding Strong
Key Level: $120–$130 has acted as a strong demand zone.
Every dip into this area has been bought up, indicating accumulation by whales and smart money.
Historical price action shows Solana respects this range as a base for bigger moves.
2️⃣ Ascending Triangle Formation (Bullish Pattern)
On the weekly chart, $SOL
is forming an ascending triangle, with higher lows pressing against a resistance at ~$160–$170.
This pattern often results in a breakout to the upside—targeting previous highs at $250–$300 and beyond once confirmed.
3️⃣ Volume Profile Suggests Breakout Potential
Volume is decreasing during consolidation phases—a classic pre-breakout signal.
Once SOL breaks above the triangle resistance with strong volume, a momentum rally could ignite, similar to 2021 price action.
4️⃣ Solana Ecosystem Growth = On-Chain Bullish Divergence
Despite price consolidation, Solana's on-chain activity is rising:
Pump.fun launches, memecoins, NFT growth, and increasing DeFi TVL.
This divergence between price and usage is bullish—price usually catches up to fundamentals in the next bull cycle.
5️⃣ Fib Extension Targets: $300–$450
Using Fibonacci extensions from the 2022 lows to the 2023 highs:
1.618 Extension = ~$300
2.618 Extension = ~$450–$500
These are realistic targets if Solana follows typical crypto bull run patterns.
Why #solana Could Moon Next Bull Run? 🚀
ETH alternative for high-speed, low-fee trading.
Massive developer activity resurgence.
Retail #FOMO likely to favor fast chains with memecoins + NFTs.
If BTC hits new highs, altcoins like Solana usually outperform in percentage gains.
Bottom Line:
If $SOL holds its current structure and breaks $170–$180, the next macro leg up could target $300+ in the bull run.
I would Take position Here
👇BUY NOW👇
