Solana Trades Above $190 After Breakout, Targets $300–$360 Amid ETF Optimism and Strong Momentum

Key Points

1. Solana's breakout above $190 signals a strong uptrend, with Fibonacci extension targets at $220, $241, $275, and $352.

2. Key support levels are identified at $145 and $174 (0.618 and 0.786 Fibonacci retracement levels), mitigating downside risk.

3. Technical indicators like RSI (above 80) and MACD reinforce bullish momentum, though RSI suggests potential short-term overbought conditions.

4. Optimism around a potential Solana ETF approval in 2025 (99% probability per Polymarket) has driven investor sentiment and price rally.

5. Trading volume and market structure support the breakout's validity, indicating a healthy uptrend if no external shocks occur.