Solana ($SOL) appears to be forming a solid ascending support line, with prices currently holding at $257.42. The chart structure suggests that SOL is preparing for a potential breakout towards new highs as it consolidates near key support levels.
Market Scenario:
Immediate Resistance: $265.50
Key Support Zone: $250.00-$252.00
Strategy Highlights:
Entry Range: $255.00–$258.00
Target 1: $265.00
Target 2: $275.00
Stop Loss: $248.00
Observation:
The ascending triangle pattern indicates bullish momentum. If the price breaks above $265.50 with volume, it could trigger a significant rally. Watch for rejection at resistance or dips to $250 for potential buy opportunities.