{"id":89995,"date":"2025-08-20T19:00:02","date_gmt":"2025-08-20T19:00:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89995"},"modified":"2025-08-20T19:00:02","modified_gmt":"2025-08-20T19:00:02","slug":"solana-is-not-dead-this-upper-boundary-retest-could-set-the-stage-for-268","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89995","title":{"rendered":"Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268"},"content":{"rendered":"

Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines<\/a>, a new technical analysis suggests that the altcoin could be gearing up for a major move<\/a> that could see its price skyrocket to around $268.<\/p>\n

Ascending Triangle Reveals Solana Next Targets<\/h2>\n

For months, the price of Solana has been trading sideways despite hitting an all-time high<\/a> of $293 in January 2025. Due to the prolonged volatility and price fluctuations, many had presumed<\/a> the popular altcoin dead. But the charts suggest otherwise.\u00a0<\/p>\n

Jonathan Carter, a crypto market technician on X social media, has highlighted<\/a> a compelling structure on the Solana daily chart, pointing out that the altcoin\u2019s price is currently retesting the upper boundary of a long-formed Ascending Triangle<\/a>. According to Carter, this retest comes after a previous false breakout, which initially trapped bulls and sent Solana back into consolidation<\/a>. This time, however, the setup appears more promising, with SOL finding consistent support along its ascending trendline while gradually settling against resistance.\u00a0<\/p>\n

Carter noted that Solana\u2019s daily structure shows clear resistance zones around the $180 \u2013 $185 levels, which have capped price advances several times throughout the year. A confirmed bounce from the region could open the door for SOL to reclaim higher targets at $205 and $225, with an eventual breakout setting up a run toward $268. With the altcoin currently sitting at $181, a surge to these upper targets would represent a solid increase of 13.26%, 24.31%, and 48.07%, respectively.\u00a0<\/p>\n

Based on the analyst\u2019s chart, the presence of the 100-day Moving Average (MA)<\/a> just below current levels provides additional confirmation for a potential bullish reversal. At the same time, volume patterns suggest growing interest in accumulation. For now, Carter highlights that Solana\u2019s price remains range<\/a>\u2013bound<\/a> between $165 and $190. However, the tightening structure of the Ascending Triangle signals that a breakout may be near.\u00a0<\/p>\n

If buyers manage to defend the current zone, Solana\u2019s recovery could become potentially stronger, particularly considering its history<\/a> of sharp rallies once market conditions improve and resistance levels are cleared.\u00a0<\/p>\n

Short-Term Pullback Before Rally?\u00a0<\/h2>\n

In other news, crypto analyst Ali Martinez has also shared insights on Solana\u2019s price action, predicting that the altcoin may experience a temporary pullback<\/a> before staging its next rally. His 8-hour chart, posted<\/a> on X, suggests that SOL, currently trading above $181, could face downside pressure that brings the price closer to $160.\u00a0<\/p>\n

This projected correction would not necessarily invalidate Solana\u2019s bullish thesis<\/a>; instead, Martinez asserts<\/a> that it could present an opportunity for strategic buyers to accumulate before the next upward leg. The analyst identifies the $160 region as a key support area where buyers will likely prevent further price declines. In this context, Solana\u2019s projected weakness could act as a springboard for a stronger rebound.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For […]<\/p>\n","protected":false},"author":0,"featured_media":89996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89995"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89995"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89996"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}