Solana (SOL) Bulls Charge Ahead: Structural Breakout Sparks $200 Target
Solana (SOL) is reflecting renewed bull strength along with the overall market. After several weeks of volatility, SOL is now primed for the next leg up and has started its upward journey. Over the last 24 hours, SOL is up by almost 10% with a trading price of $130.80.
Solana Defies Downtrend, Targets $200 Next
According to the analyst, Solana has broken through a major downtrend resistance line. This downtrend line, which had constrained price movements since February of 2025, had previously long restrained upward progress.
Technical chart indicates a bullish breakout opportunity on SOL. It depicts a descending triangle with strong support around $130, which has persistently drawn in buyers.
After repeated attempts, SOL did manage to break through the upper edge of the triangle. The breakout accompanied a visible spike in trading volume that lent legitimacy to the move.
Most importantly, the price also has to break above the $150$160 resistance level, highlighted on the chart in blue. It has traditionally served as a peak, and a move through there could indicate that sentiment has shifted.
After that, SOL will eye the $200 mark as the next psychological target. While the chart lacks common indicators like RSI or moving averages, the breakout strength alone is drawing attention.
SOL Bulls See Structural Shift, Not Just a Spike
While there are some analysts looking for $200 in the near term, others are much more optimistic. One prominent figure in the crypto community believes that Solana has come out of a long period of manipulation and weak-hand shakeouts.
In this interpretation, the breakout isnt just technical but structural, laying the groundwork for that explosive rally that will ultimately take the price of SOL up over $1000. This more optimistic prediction assumes a belief about the underlying demand for SOL, as well as the rest of the altcoin space.
But such high expectations are balanced by the necessity for SOL to continue sustained gains and build a strong base over recent levels of resistance. At present, Solanas move is at a crossroads, with bulls optimistic that the breakout will be the first of a much bigger move.
Read more: https://www.tronweekly.com/solana-sol-bulls-charge-ahead-structural-breakout-sparks-200-target/
Text source: TronWeekly
