Solana in a Macro Accumulation Zone: $300 Still Appears to be an Achievable Target for SOL Price
2025-07-16 07:57:50
Main Idea
Solana (SOL) price shows signs of a bullish breakout, with traders targeting the $200 resistance level, supported by technical indicators and market momentum.
Key Points
1. Solana's price has broken above the $160 resistance level, indicating potential for further upside towards $200.
2. The $200 level is significant due to its technical confluence, including the 1.618 Fibonacci extension and previous support-turned-resistance.
3. A failure to hold above $160 could invalidate the breakout, potentially leading to a retest of the $135–$140 support zone.
4. The daily chart suggests a bullish outlook, with the price forming a cup & handle pattern and staying between the 50 & 200-day moving averages.
5. Key levels to watch include $160–$165 (breakout zone), $200 (target resistance), and $145 (breakout invalidation level).
Description
The post Solana in a Macro Accumulation Zone: $300 Still Appears to be an Achievable Target for SOL Price appeared first on Coinpedia Fintech News After weeks of tight consolidation and sideways movement, the Solana (SOL) price has finally shown signs of a strong bullish breakout. The price has surged past key resistance levels, hinting at the beginning of a larger upward trend. With technical patterns aligning and broader market sentiment stabilizing, traders are now eyeing the highly anticipat...
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