Solana ascending triangle shows SOL consolidating near $184 with key resistance at $200; a confirmed daily close above $200 could propel price toward Fibonacci extension zones up to $362. Watch support at $176 and $162—volume increases and sustained closes above resistance will validate a bullish breakout.
Ascending triangle with $200 resistance signals breakout potential for Solana.
Critical supports at $176 and $162 are being defended during consolidation.
Fibonacci extension targets at $220, $260, $277, $309 and $362 if momentum expands.
Solana ascending triangle: SOL near $184, $200 is key resistance—watch volume and closes for breakout confirmation. Read the full technical outlook.
What is the Solana ascending triangle and what does it mean for price?
Solana ascending triangle is a bullish continuation chart pattern formed by a horizontal resistance near $200 and rising support from higher lows. It indicates consolidation with upward bias; a confirmed breakout above the $200 zone could accelerate momentum and target Fibonacci extension levels through the $300s.
How could a breakout above $200 affect Solana price?
A sustained breakout above $200 would likely trigger buy-side acceleration and retest of higher resistance bands. Technical models and Fibonacci extensions point to sequential targets at approximately $220, $260, $277, $309 and $362, assuming expanding volume and daily closes above $200.
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Solana trades near $184 within an ascending triangle, with $200 as key resistance and Fibonacci targets extending toward $362.
Solana (SOL) continues to show strength after weeks of consolidation, with on‑chart structure forming an ascending triangle since April. Price was near $184 at the time of writing. The pattern suggests a bullish bias if price can overcome the horizontal resistance around $196–$200 with confirming volume.
Support near $176 aligns with the 0.786 Fibonacci retracement and has repeatedly held during pullbacks, showing buyer interest on dips. The $162 zone is a deeper pivot; if weekly closes remain above $162, the broader uptrend would stay intact even if short‑term volatility increases.
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Source: https://en.coinotag.com/solana-near-184-forms-ascending-triangle-200-breakout-could-target-fibonacci-zones-up-to-362/