bullish

Solana

would

Resistance

<p style="text-align: justify"><a href="https://en.coin-turk.com/blockchain-giants-bridge-their-networks-for-seamless-transactions/" rel="noopener noreferrer nofollow">Solana</a> is showing renewed technical strength as its native token, SOL, surged above a key descending trendline, signaling a shift in market sentiment. Recent price action has put the spotlight on short-term resistance levels between $77.50 and $98, with analysts indicating that a confirmed move beyond these levels could pave the way toward a $120 target.</p>
<h2 id="technical-breakout-follows-prolonged-consolidation">Technical breakout follows prolonged consolidation</h2>
<p style="text-align: justify">After weeks of consolidation, Solana has attempted a bullish breakout from a large symmetrical triangle pattern on the daily SOL/USDT chart. The token recently moved above the descending resistance line near $75, aligning with chart analysis by Ted Pillows, an independent analyst. This move suggests the long period of volatility compression may be coming to an end, potentially unleashing further upward momentum.</p>
<p style="text-align: justify">SOL is currently trading near $76.56, marking a daily gain of approximately 3.9%. This upward push allowed the token to overtake the trendline that has constrained growth since the market reached near $99 earlier in the year.</p>
<p style="text-align: justify">The identified triangle consisted of converging trendlines: a descending resistance line and a rising support line that originated around the June low at $60. As prices repeatedly bounced off rising support, volatility continued to narrow until the latest breakout attempt.</p>
<p style="text-align: justify">The immediate technical question is whether SOL can confirm this move. A daily close above the previous resistance zone at $74–$75, supported by further buying, would reinforce the bullish case. The next resistance cluster is situated between $77.50 and $80, a region where multiple rallies have previously stalled.</p>
<p style="text-align: justify">If buyers succeed in defending the former breakout area, now viewed as support near $74–$75, it would suggest an improving market structure. Below that, the rising trendline around $72–$73 serves as a secondary support level. Conversely, a decisive break below these zones would risk invalidating the bullish outlook stemming from the triangle formation.</p>
<blockquote>
 <p>Technical analysis points to Solana needing to hold above $74–$75 and move past resistance at $77.50–$80 to keep the bullish pattern intact. A confirmed breakout could lift targets toward $120 if follow-through buying continues.</p>
</blockquote>
<p style="text-align: justify">For now, upbeat momentum gives Solana bulls a technical advantage. However, market participants are closely watching for confirmation through sustained closes above resistance, as well as durable support retests.</p>
<h2 id="key-levels-and-120-target-in-focus">Key levels and $120 target in focus</h2>
<p style="text-align: justify">Analyst Michaël van de Poppe, known for his technical analysis in digital assets, highlighted a higher-low structure supporting the bullish recovery scenario. His daily Solana chart shows SOL holding the support region in the low $70s after rebounding from its June deviation, suggesting that maintaining this structure gives buyers a fresh opportunity to challenge nearby resistance before aiming for $120.</p>
<p style="text-align: justify">SOL is currently positioned near $74.82 on van de Poppe’s chart, sitting at a critical horizontal support area that traders are watching closely. This level became prominent after Solana spent several months trading in a wide band between the mid-$60s and near $98. A brief drop below this range in June proved temporary, as the token quickly recovered, forming what is now seen as a meaningful higher low.</p>
<p style="text-align: justify">The chart indicates the next immediate target is the $85–$88 band, considered the first major test for continuing upward momentum. Should SOL clear this area, the next significant resistance awaits near $97.89—the upper limit of the earlier multi-month trading range.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th style="border:1px solid #f1e4d8;padding:8px">Level</th>
   <th style="border:1px solid #f1e4d8;padding:8px">Support/Resistance</th>
   <th style="border:1px solid #f1e4d8;padding:8px">Significance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td style="border:1px solid #f1e4d8;padding:8px">$74–$75</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Support</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Breakout confirmation zone</td>
  </tr>
  <tr>
   <td style="border:1px solid #f1e4d8;padding:8px">$77.50–$80</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Resistance</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Multiple failed rallies</td>
  </tr>
  <tr>
   <td style="border:1px solid #f1e4d8;padding:8px">$85–$88</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Resistance</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Initial bullish test</td>
  </tr>
  <tr>
   <td style="border:1px solid #f1e4d8;padding:8px">$97.89</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Resistance</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Range high</td>
  </tr>
  <tr>
   <td style="border:1px solid #f1e4d8;padding:8px">$120–$127</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Target</td>
   <td style="border:1px solid #f1e4d8;padding:8px">Analyst projection</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">Van de Poppe’s analysis indicates that, if these resistance points are surpassed while support levels are maintained, SOL may attempt a rally toward the $120–$127 region. This scenario hinges on the higher-low structure holding firm; a breakdown below the low-$70s would challenge the bullish view and bring the June lows back into play.</p>
<p style="text-align: justify">The analyst’s target reflects market optimism for Solana’s medium-term outlook, as long as technical levels continue to align with positive momentum. Traders are now monitoring whether SOL can build upon this breakout, paving the way for a stronger advance in the coming weeks.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Symmetrical triangle, a chart pattern formed by two converging trendlines that represents a period of consolidation, often resolving with a breakout in either direction.</p>
<p>The post <a href="https://en.coin-turk.com/solana-breaks-triangle-resistance-bulls-target-120-on-momentum/" rel="noopener noreferrer nofollow">Solana breaks triangle resistance, bulls target $120 on momentum</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana breaks triangle resistance, bulls target $120 on momentum

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