๐ฅ Solana Eyes $270: Upper Boundary Retest Signals Potential Mega Rally
Solana (SOL) is once again in the spotlight as analysts highlight a technical setup that could fuel its next big rally. Despite recent volatility, fresh chart patterns suggest that SOL may be gearing up for a surge toward $268โ$270.
---
๐ Rising Triangle Points to Breakout Potential
After hitting an all-time high of $293 in January 2025, Solana has spent months trading sideways, leading many to assume momentum had fizzled out. But according to technical charts, the opposite may be true.
Jonathan Carter, a crypto market strategist, noted on X that Solana is currently retesting the upper boundary of a long-term Ascending Triangle on the daily chart. This follows a failed breakout earlier this year that forced bulls into consolidation mode.
---
๐ Key Resistance Levels to Watch
Carter emphasized that SOL has repeatedly faced resistance between $180โ$185, capping gains several times in 2025. If buyers manage to push past this barrier, the next upside targets emerge at:
$205 (+13.26%)
$225 (+24.31%)
$268 (+48.07%)
Supporting this bullish case is the 100-day Moving Average, which now sits just under current price levels โ a sign of strengthening technical structure. Meanwhile, volume trends point toward growing accumulation from investors.
---
โก Short-Term Risks Before the Rally
While the long-term structure looks bullish, Carter warned that SOL could see a short-lived pullback first. His 8-hour chart suggests a potential dip below $160, where buyers are likely to step in.
Should this correction occur, it could set the stage for a stronger rebound โ consistent with Solanaโs history of explosive rallies once resistance levels are cleared.
---
๐ Outlook
With consolidation tightening inside the Ascending Triangle, Solana is nearing a decisive moment. If bulls hold the line at current levels, a breakout toward $270 could unfold โ reviving momentum and reigniting the narrative of Solana as a top-performing altcoin.
