$SOL Price Prediction: Rally Incoming - BeinCrypto Analytics

Solana's price action on the daily chart is signaling a potential breakout from a symmetrical triangle pattern. This formation, characterized by converging rising and falling trendlines of equal slopes, typically indicates an imminent shift in price, but the direction remains uncertain.

Currently, SOL is testing a crucial resistance level around $145. If bulls can sustain momentum and break above this level, Solana’s next target could be $171.76, with further potential gains pushing the price beyond $200. However, if the $145 level holds and bulls lose control, a downturn to $127.72 might be in play.

Traders should keep an eye on key levels, as this breakout could determine whether Solana enters a bullish continuation phase or experiences a short-term pullback. The coming days will be critical in shaping SOL's next move in the market.