Crypto analyst Ali Martinez has released a new chart for Solana, illustrating an ascending triangle that has been forming since March.
Current Price Levels for Solana
Currently, Solana trades at $182.32, which is down 2.3% on the day and 5.84% over the past week. The chart indicates higher lows, suggesting a bullish trend despite earlier struggles this year.
Targeting a New All-Time High
The $360 target represents a potential new all-time high for Solana, nearly doubling the current price. However, interim levels between $250 and $300 may serve as significant checkpoints.
Validation and Invalidation Rules
The prediction relies on two conditions: a decisive break and close above the $205 area, and the need to maintain the ascending triangle. Failure to hold could lead to potential price retracement to lower levels.
Despite short-term negative momentum, the structural outlook for Solana suggests potential for reaching new heights. Investors should monitor price levels and key conditions.
