🔥 Solana Targets $270: Retest Hints at a Mega Rally
Solana ($SOL
) is regaining attention as analysts highlight a potential breakout that could propel it above $268, despite recent swings.
📊 Ascending Triangle Signals Upside
After hitting a $293 ATH in Jan 2025, SOL has traded sideways, leading many to doubt its momentum. But charts suggest otherwise.
Crypto analyst Jonathan Carter points out that Solana is now retesting the upper boundary of a long-term Ascending Triangle on the daily chart. This comes after a failed breakout that forced consolidation.
Key resistance remains at $180–$185, a zone that’s capped rallies multiple times this year.
A rebound could open the way for $205 → $225 → $268.
From $181, these levels mark potential gains of +13.26%, +24.31%, and +48.07%.
The 100-day MA sits just under current levels, adding support for a bullish turnaround. Volume trends also show accumulation.
⚠️ Short-Term Risks
Carter notes SOL is trading between $165–$190. If buyers fail to hold, the price could dip toward $160 before a bigger rally. Historically, such corrections have set the stage for strong rebounds.
👉 Bottom line: As long as SOL holds above $160, the tightening triangle suggests a breakout toward $270 could be on the horizon.