Solana price fractal targets rally to $260, but one thing must happen first — Analysts

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However, SOL needs a clear market structure break (MSB) or a decisive bullish breakout above $180 to trigger the next leg of the rally. Declining volumes during the consolidation phase suggest caution, as a lack of buying pressure could stall the breakout. If SOL fails to breach $180, the immediate key area of interest is between $140-150, and the bull flag pattern would be invalidated.

The support range is a daily order block, which should provide higher time frame (HTF) support in case of a price correction. Related: Bitcoin could go much higher due to lack of FOMO and futures market euphoria — AnalystsSolana price fractal aims for $260Crypto trader Robert Mercer shared a chart identifying a price fractal pattern similar to October 2024.

Popular crypto trader XO also remained on the lookout for a long opportunity, but suggested waiting to see if Solana could flip the $180 level into support.Solana analysis by XO.Source: X.comRelated: BTC price eyes $112K as risk assets 'ignore bad news' on unemploymentThis article does not contain investment advice or recommendations.

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Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Solana $180 Level Rally 2024 Pattern Support Chart Price Bullish Breakout

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 19:41:59 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28913597

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