Solana Loading… Next Stop: Moon? 🌕 SOLANA is getting huge
koinmilyoner
Updated at: 10 hours ago
{"content":"Solana Loading… Next Stop: Moon? 🌕
SOLANA is getting huge momentum as Bitcoin dominance drops and altcoin season intensifies, with SOL testing major resistance around $190 after breaking above important technical patterns.
The cryptocurrency broke through the main resistance zone between $175.00 and $186.00, setting itself for a breakthrough into 2021 highs above $260.
Multiple timeline technical analysis suggests SOLm may be starting a big upward acceleration phase.
Daily chart analysis using a 2-day period and monthly momentum showing 15.00% gains suggests Solana is poised for its next big growth phase, moving for new all-time highs.
Solana's daily chart shows a steady rising triangular pattern that broke over the $185–$190 resistance zone.
Technically, SOL is above the rising trendline and holding $160 support. Bullish trend is supported by dynamic EMA placement.
The break of significant resistance between $175.00 and $186.00 opens the door to 2021 highs around $260, a 38% gain from current levels.
Breakouts equal to the pattern's base height project toward the $260 target zone in ascending triangular patterns.
Institutional involvement, not retail speculation, supports the breakthrough, according to volume research.
The 2-day chart is most positive after SOL completed a big circular bottom formation over many months.
Solana is at $188.00 and has retested the breakout level, validating the pattern after the curved reversal structure.
SOL fell from $270 highs, found support around $100-110, and then built a foundation through higher lows.
The pattern's right shoulder ended with the breakthrough over $180 resistance.
Patterns with rounded bottoms project objectives equal to their depth plus breakout levels.
Following the measured move phase, objectives in the $350-370 region are possible given the $160 depth from $270 to $110.
SOL is nearing the $265 previous cycle high on the monthly chart, which must be surpassed to reach new all-time highs.
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