Solana News Today: Solana Breaks Triangle Pattern Driving 3.5% 24-Hour Gains With Fibonacci Targets Up to $352

Recent technical analysis of Solana (SOL) suggests a significant bullish shift in the cryptocurrency’s price trajectory. After months of consolidation within a defined trading range, the price has broken above a key ascending triangle pattern, triggering forecasts for a potential rally beyond $300. Analysts highlight Fibonacci extension levels as critical benchmarks for near-term and longer-term price targets, with the current momentum favoring sustained upward movement. The breakout, confirmed by the price surging past resistance levels and forming higher highs on multiple timeframes, has drawn attention from traders and investors seeking clarity on whether this represents a durable trend or a temporary spike.

The ascending triangle pattern, which had been a focal point for market participants since March 2025, has now given way to a bullish continuation. The price’s ability to surpass the triangle’s upper boundary and exceed key Fibonacci retracement levels at $145 and $174—previously acting as support zones—has reinforced the likelihood of further gains. Analysts note that these levels now serve as critical psychological barriers, with the potential to stabilize the price during any short-term pullbacks. Current price action positions Solana near $200, with Fibonacci extension targets at $220, $241, and $275 within reach, and a potential extension to $352 if the upward trend extends. These levels correspond to historical reaction zones, offering a structured framework for anticipating future price movements.

Technical indicators underscore the strength of the recent rally. The price has consistently formed higher highs and higher lows across daily and weekly charts, a pattern typically associated with strong bullish momentum. Traders emphasize the importance of maintaining this structure, with a focus on avoiding sharp retracements that could undermine confidence in the trend. A critical test occurred at the $180 level, which Solana successfully cleared, further validating the shift in market sentiment. Continued volume expansion and demand for the asset have provided additional support to the bullish case, with analysts suggesting that the trend remains firmly in the bulls’ favor across multiple timeframes.

According to recent data, Solana’s price has risen over 3.5% in the past 24 hours and more than 24% in the last week, reflecting growing institutional and retail interest. The alignment of Fibonacci extension targets with $300–$360 range—particularly the 2.0 extension near $352—has intensified discussions about the cryptocurrency’s long-term potential. Analysts caution, however, that while the technical setup is favorable, sustained gains will depend on the price’s ability to consistently clear key resistance levels and maintain momentum. A failure to hold above critical support zones could trigger a reevaluation of the bullish outlook, though current conditions suggest the upward trajectory is intact.

Market participants are closely monitoring the next phase of Solana’s price action, with the $200 level serving as a pivotal base for further expansion. The combination of confirmed breakouts, robust volume, and clear Fibonacci targets has positioned the cryptocurrency for a potential rally that could challenge even the most optimistic forecasts. As the market digests these developments, the focus will remain on whether the current trend can maintain its structure, reinforcing the possibility of a sustained move toward $300 and beyond.