Solana’s native token SOL has surged past the $190 resistance level with strong bullish momentum, establishing clear technical foundations for a continued rally toward the $300-$360 price range.
The breakout follows confirmation of multiple bullish signals including Fibonacci extension levels targeting $220, $241, $275, and $352. Critical support bases are established at $145 and $174—derived from 0.618 and 0.786 Fibonacci retracement thresholds—creating substantial downside protection.
Technical indicators reinforce the uptrend, with Relative Strength Index (RSI) readings exceeding 80 demonstrating robust buying pressure and MACD confirmation sustaining positive momentum. Analysts note RSI levels suggest potential short-term consolidation but acknowledge healthy trading volumes validating the market structure.
Market sentiment has been amplified by prediction markets indicating near-certainty (99% probability via Polymarket) of Solana ETF approval this year. This regulatory optimism continues attracting significant capital flow from both retail and institutional investors.
Observers conclude SOL remains positioned for sustained appreciation barring unforeseen external shocks, with technical frameworks and fundamental catalysts aligning for potential all-time highs.