Dollar

bullish

Solana

Resistance

would

<ul class="wp-block-list cnl-post-highlights-list">
 <li>Solana is priced at $224.38 and the weekly chart shows a cup pattern forming since 2022.</li>  
 <li>Resistance stands near $268.88 with analysts projecting a possible breakout toward $300 to $350 soon.</li>  
 <li>Traders focus on whether Solana can sustain momentum and confirm a rally into the $300 to $350 range.</li> 
</ul>  
The Solana/US Dollar (SOLUSD) pair is consolidating after significant gains, with the current price holding near $224.38. Market data from September 10 shows a daily gain of 8.67 percent, highlighting renewed bullish momentum.  
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The weekly candle chart shared by analysts illustrates a large cup-shaped structure forming since early 2022. This pattern has gradually developed as Solana recovered from its prior downturn. The right side of the formation now shows price strength building as it approaches resistance.  
Technical drawings on the chart include two ascending red boundary lines forming a broadening top. These boundaries indicate resistance levels sitting around $300 to $350. Breaking into this region would represent a decisive move that could confirm a longer-term trend continuation.  
The highlighted resistance zone aligns with previous highs recorded in 2021, further increasing its significance. Traders are now focusing on whether Solana can challenge this zone and sustain upward momentum.  
<h2 class="wp-block-heading" id="strong-market-context-and-analyst-observations-strong">Market Context and Analyst Observations</h2>  
Mr Chart Network, an analyst who shared the chart, asked traders, “What do you see?” while pointing to the emerging formation. The post followed an earlier update noting that Solana’s upper boundary sits around $300 to $350 within the broadening top structure.  
Community reactions show engagement with the technical setup. Many traders identify the cup formation and the potential breakout zone. The price at $224.38 suggests Solana is positioned below resistance but within striking distance of the projected levels.  
The chart also shows historical resistance zones near $268.88, a level highlighted in recent trading. This price area could act as an intermediate checkpoint before Solana attempts to advance further. Sustained buying activity would be required to maintain momentum beyond these points.  
Broader market dynamics also contribute to Solana’s outlook. As <a href="https://cryptonewsland.com/altcoins-xrp-and-wif-show-strong-pump-indicators/" rel="noopener noreferrer nofollow">altcoin </a>interest grows during September 2025, Solana remains a leading performer within the sector. Rising trading volumes across exchanges reinforce this observation.  
<h2 class="wp-block-heading" id="strong-investor-focus-and-pivotal-question-strong">Investor Focus and Pivotal Question</h2>  
Investor focus is directed at the upcoming price tests near the $268.88 resistance. If Solana clears this point, the path toward $300 to $350 becomes more defined. Failure to break higher may extend consolidation within the broadening top.  
The long-term cup formation suggests a bullish trajectory if resistance zones are overcome. However, the pivotal question remains: can Solana sustain momentum and complete the breakout into the $300 to $350 range?  
This question carries weight given prior market behavior. In 2021, Solana faced similar resistance zones before reversing downward. Traders now analyze whether conditions are different as new cycles emerge.  
If successful, the move could validate the technical pattern and attract stronger inflows. A confirmed breakout could also extend <a href="https://cryptonewsland.com/solana-breaks-200-resistance-can-momentum-hol/" rel="noopener noreferrer nofollow">Solana’s </a>leadership position within the broader altcoin market.  
The chart underscores the balance between potential and resistance. Market participants remain alert as Solana’s weekly structure narrows toward a critical inflection point. With price action tightening, the coming weeks may determine the outcome of this formation.

Solana Price Holds $224.38 as Chart Targets Breakout Toward $300 to $350

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