- Solana breaks out of a major trendline, targeting $227, $290, and $338 with bullish RSI momentum.
- Hidden bullish divergence supports a potential 45% rally toward $260, with longer-term projections near $457.
- Weekly structure confirms $150 as key support, with Fibonacci targets at $196, $238, and $290 signaling bullish continuation.
Solana (SOL) is gaining traction as analysts identify bullish signals following a key trendline breakout. Current technical indicators suggest potential upward targets above $290 if momentum holds steady.
Breakout Supports Bullish Momentum in SOL
Solana’s price action has shifted above major resistance, confirming a strong recovery trend. Analysts now track whether the coin can push through critical levels such as $227 and $338. Technical signs, including momentum and RSI strength, offer strong support for further gains.
Recent chart data shows Solana has exited a prolonged downtrend following a breakout above a downward sloping resistance line. According to Javon Marks, the price behavior has responded to a Hidden Bullish Divergence. He has provided additional insights suggesting this move could lead to a +45% increase to near $260.
He also identified $457.97 as a longer-term target, projecting a potential 2.3X return. His chart highlights a pivotal reversal point marked “X,” where buying pressure began to rebuild. This phase created a sharp ascending action, supported by a series of ascending price lows and a resultant RSI breakout.
The Relative Strength Index (RSI) has crossed above the neutral 50-mark, showing enhanced bullish momentum. His work also contains an uptrend line of the RSI, i.e., a consistent rise in relative strength. The next key levels remain $227 and $338, previously acting as resistance during earlier price cycles.
Additional Key Levels in Weekly Structure
Rose Premium Signals has presented a comparative analysis focused on higher timeframe support and resistance zones. The firm outlined several price milestones above $150 that align with Fibonacci retracement levels and psychological barriers.
The analysis outlines that Solana remains bullish as long as price action holds above $150. The breakout zone between $110 and $150 is now a key support. The price currently approaches $196.22, with the next resistance at $238.80 and a target of $290.16.
The weekly chart identifies a descending wedge that previously marked accumulation. This consolidation phase supported the breakout and defined the next technical targets. According to Rose Premium Signals, sustained momentum above $150 could push Solana toward the $300 mark.
Both analyses highlight key levels and momentum shifts that confirm growing investor interest. Continued tracking of $196, $238, and $290 zones may define the next moves in Solana’s price structure.
