Solana (SOL) has been in the sights of analysts and traders for months, consolidating in a key zone and sparking expectations of a possible explosive move. Now, with the charts pointing towards an Ascending Triangle, the possibility of its price reaching $268–$270 is once again central to the crypto ecosystem.

The current context of Solana

After hitting a high of nearly $293 in January 2025, Solana went through a period of high volatility that led many to think the bullish narrative had ended. However, the market seems to tell another story:

Accumulation in ranges between $165 and $190 shows that buyers are still present.

The Solana ecosystem maintains strong momentum in DeFi applications, NFTs, and emerging projects, sustaining its relevance beyond price.

The 100-day Moving Average is below the current price, serving as dynamic support that reinforces bullish pressure.

Ascending Triangle: the figure that supports the bullish thesis

The Ascending Triangle is a technical figure that often anticipates breakouts upward, especially when combined with increasing volume.

Immediate resistances: $180–$185 (level that has halted advances several times this year).

Potential targets: $205 and $225 as intermediate goals before aiming for $268.

Maximum projection: a confirmed breakout would place Solana back near its all-time high, with an increase of nearly +48% from current levels.

Risks and alternative scenarios

Although the structure looks promising, it is not without risks:

1. False breakouts: a drop below $160 would invalidate the figure and could attract aggressive selling.

2. Dependence on the global market: the behavior of Bitcoin and the overall market liquidity are determinants for confirming a sustained rally.

3. Intrinsic volatility: Solana is known for its sharp movements; traders must maintain solid risk management.

Why does this movement matter?

The case of Solana is not just technical, but also cultural and of adoption. The blockchain has demonstrated the ability to sustain a vibrant ecosystem, with speed and costs that keep it competitive against Ethereum and other L1s. If the price breaks resistances and manages to position itself near $270, it will reinforce its role as one of the leading altcoins in the market.

Conclusion

Solana finds itself at a decisive point: a narrow range that could become a springboard for a new rally. If buyers maintain control over $180–$185, $270 is back on the table.

#solana #MarketPullback #AltcoinSeasonLoading। #FOMCMinutes $SOL