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Solana (SOL) has rebounded from recent lows, breaking out of a bullish formation that could signal further gains. Analysts suggest the cryptocurrency may reclaim key resistance levels, with potential targets at $164 and beyond. Market sentiment is cautiously optimistic as SOL shows signs of recovery.
- Solana broke out of an ascending triangle pattern, with analysts targeting $164 and potentially $180 if resistance is cleared.
- Failure to hold $155 support could lead to a retest of lower levels at $142 or $135, according to technical analysis.
- Long-term bullish patterns, including a megaphone formation, suggest SOL could eventually challenge all-time highs if momentum sustains.
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