Saad Ullah
Solana (SOL) has finally broken through one of its most significant resistance levels of the year. After months of consolidation near the $214–$218 range, this breakout signals renewed bullish momentum and opens up possibilities for higher price targets in the coming weeks.
Solana Breaks Above $218 Resistance
Solana (SOL) is currently trading at $219, representing a solid 2.26% gain that marks its first decisive move above the stubborn $214–$218 range since the first quarter of this year.
Famous trader Emilio Bojan suggests this breakout could signal the beginning of a more significant bullish phase as buying demand continues to strengthen.
The sustained move above this resistance zone suggests that sellers who had been defending these levels may finally be exhausted.
Chart Analysis
The technical picture reveals several encouraging signs for bulls:
- Resistance Flip: The $214–$218 range that acted as a persistent ceiling for months is now expected to transform into a support zone
- Higher Lows: An ascending trendline demonstrates consistent bullish pressure that has been building since early summer
- Momentum Confirmation: Strong green candles highlight fresh institutional and retail buying interest, providing solid confirmation of the breakout
- Price Targets: If the current momentum sustains, the next key technical zones to watch are $230–$240, with an outside possibility of reaching $250
The combination of these technical factors suggests that Solana may be positioning itself for a more substantial upward move, though traders should remain cautious and watch for any signs of rejection at higher levels.
Saad Ullah
