Solana (SOL) is currently testing a critical breakout zone near $159 following recent bullish momentum, with analysts eyeing Fibonacci extension targets up to $185.28 should key technical levels hold. The cryptocurrency retraced to this support area after surging to $166.77 earlier this week, finding additional backing at the Fibonacci golden pocket’s 0.786 level positioned at $150.97.
Should Solana sustain above the $159 breakout zone and reclaim the $160 threshold with robust trading volume, multiple Fibonacci extension targets come into play: $166.77, $171.69, $179.01, and $185.28. Current technical indicators reinforce the positive outlook with a bullish MACD crossover and consistent support from both the 9-day and 21-day exponential moving averages.
Despite a modest 1.99% pullback over the past 24 hours, Solana maintains a 9.08% weekly gain and trades near $160.28. Market observers note this configuration favors buyers positioning for the next rally phase, though they caution that sustaining the uptrend depends critically on holding vital support levels. The anticipated progression toward $185 would require confirmed breakout validation and sustained momentum.