Solana technical pattern targets $270, and after breaking through, it may hit a new high of $330.

Solana (SOL) is at a critical turning point of a key technical pattern. The current trading price is around $183, and the chart shows that its structure combines a falling wedge breakout with a rectangular consolidation breakout, with mid-term targets pointing to $270 and long-term extensions potentially challenging $330. Technical analysis indicates that as long as it holds the support at $183 and breaks through the resistance at $270, SOL's upward space may fully open up.

Falling wedge breakout: reversal signal confirmed

(Source: Trading View)

Background: From the end of 2024 to the beginning of 2025, the price of SOL continues to decline within a falling wedge, with the lows and highs gradually converging.

Breakthrough Opportunity: After hitting the bottom in April 2025, a breakout upward, ending the long-term downtrend.

Technical analysis: Measure from the widest part of the wedge; the rebound after the breakout is consistent with the trend of breaking through the 160 USD range, laying the foundation for subsequent upward movement.

Rectangular Consolidation: Continuation Pattern Points to 270 USD

Range: lateral consolidation between 132 USD and 183 USD

Breakthrough Confirmation: After the price rises above the upper boundary of the rectangle ($183), a continuation signal is formed.

Target price: Calculated based on the height of the rectangle, with a medium-term target around 270 USD.

Volume Characteristics: During the consolidation period, buying and selling forces are balanced. Once the buyers regain control, the momentum will quickly shift to the upside.

Extension Target: Technical Path of 330 USD

Source: Comprehensive calculation combining falling wedge and rectangle breakout

Condition: Hold the support at 183 USD, break through the resistance at 270 USD with volume.

Meaning: If achieved, 330 dollars will mark the completion of a larger technical pattern and may attract more long-term capital to enter.

Trading Strategies and Key Observation Points

Support level: 183 USD (if held, bullish outlook)

Medium-term resistance: $270 (breaking this opens up upside potential)

Long-term target: 330 USD (requires continuous buying pressure and market sentiment alignment)

Risk Warning: If it falls below 183 USD, the validity of the pattern will be challenged, and one must be wary of the possibility of a drop to the 160 USD range.

Conclusion

The current technical structure of Solana shows clear bullish potential: the mid-term target is $270, and the long-term target may impact $330. Against the backdrop of a warming sentiment in the crypto market and continued inflows of funds, this wave of technically driven pump may become a catalyst for a new round of SOL行情. However, traders still need to closely monitor the two key levels of $183 support and $270 resistance, as they will determine whether this wave of rise can extend to the historical high range.

SOL1.75%
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GateUser-913408aevip
· 5h ago
Quick, enter a position!🚗
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GateUser-913408aevip
· 5h ago
Quick, enter a position!🚗
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