$SOL Price Analysis As Bullish Fractal Targets $180 - CoinGape Analytics

Solana price prediction shows the token is poised for a potential upswing towards $180, backed by a strong technical setup and growing adoption. However, the cryptocurrency market remains volatile, and traders should exercise caution. Maintaining a stop-loss below the $140 level is crucial to manage risk.

Solana has formed a compelling bullish fractal, hinting at a potential upswing towards the $180 resistance zone. A bullish fractal forms after a downtrend, showing a lower low followed by two higher lows.

The pattern suggests a potential price reversal. Traders often buy at the fractal breakout, aiming for a price target equal to the fractal’s height. In the case of Solana, traders target $180 with the potential to extend the rally toward $200.

Note that the daily chart exhibits a clear descending triangle pattern, which, if broken, will escalate downside risks. This bearish outlook is further reinforced by the RSI’s retreat below the midline (50), suggesting growing Solana price selling pressure to $130 and $120 levels.