Solana (SOL) has been trading within a consolidation phase for over 200 days, showing signs of potential breakout momentum. The technical analysis points to a bullish pennant pattern, often signaling a continuation of the previous uptrend. Crypto analysts believe SOL could be on a trajectory to reach $400, with an even higher target of $800 in the longer term.
➢ Key Levels to Watch:
SOL’s current range fluctuates between $122.77 (support) and $208.53 (resistance). Breaking these levels, especially around $140.72 and $169.99, could pave the way for further upside.
Crypto enthusiasts should stay cautious until these resistance levels are breached but remain optimistic about SOL's bullish outlook.