$SOL Solana Eye's on $270: Upper Boundary Retest Potential Mega Rally
Solana (SOL) is back in the limelight as experts assess its pricing potential. A fresh technical analysis reveals that the cryptocurrency may be about to make a huge rise that may push its price above $270, despite recent volatility and dips.
Rising Triangle Shows Solana's Next Goals
Solana has traded flat for months after reaching a record $295 in January 2025. Many thought the popular altcoin was dead due to price volatility. However, charts indicate differently.
Jonathan Carter, a crypto market specialist on X social media, said that Solana's price is retesting the top border of a long-formed Ascending Triangle on the daily chart. Carter says this retest follows a failed breakthrough that caught bulls and drove Solana into consolidation.
Carter stated that Solana's daily structure indicates significant resistance zones around $180–$185,
The analyst's chart shows the 100-day Moving Average (MA) barely below current levels, supporting a positive turnaround. Volume patterns indicate rising accumulating interest. Carter said Solana's pricing is between $165 and $190 for now. However, the Ascending Triangle's tightening form suggests a breakthrough.
If buyers can defend the present zone, Solana's rebound might be bigger, given its history of significant rises when market circumstances improve and resistance levels are overcome.
According to Solana's price behavior, the cryptocurrency may retreat before rallying again. His 8-hour chart on X implies that SOL, trading over $181, might fall under $160.
The analyst expects purchasers to stop price drops at $160. Solana's predicted weakness might spur a greater bounce.
