Saad Ullah
● Trader Ali recently pointed out that Solana ($SOL) is holding a clear upward path, sharing a chart that maps out what needs to happen for the coin to hit $300. The analysis shows Solana has been moving steadily within an ascending channel for months, demonstrating reliable support and resistance patterns.
● Trading around $186 right now, Solana sits near the middle of this channel. To reach $300, it needs to hold support between $160–$170, then push through resistance around $250–$280. Breaking above that zone could open the door to the channel's upper boundary near $300.
● However, analysts warn that dropping below $160 might trigger a pullback toward $130, where the channel's lower edge offers support. This wouldn't necessarily mean trouble—it could just be another accumulation phase before the next breakout.
● The strong technical setup reflects growing interest in Layer-1 blockchains, driven by more developer activity and DeFi growth. Solana's solid performance and low fees keep attracting both retail and institutional players.
Saad Ullah
