Solana ($SOL ) price analysis - Cointelegraph Analytics

Solana is forming a bullish ascending triangle pattern, which will complete on a break and close above $164.

If buyers succeed in piercing the $164 resistance, the SOL/USDT pair is likely to rally to $189. This level may act as a minor obstacle, but if the bulls prevail, the pair could stretch the up move to the pattern target of $218.

Contrarily, if the price turns down from $164, it will suggest that the pair may remain inside the triangle for a while longer. The bears will have to tug the price below the uptrend line to invalidate the bullish setup.