The cryptocurrency Solana has recently shown significant growth, surpassing the $240 mark. This momentum is supported by strong graphical signals and increased trader interest.
Ascending Triangle Breakout Confirmed
Analysts note that Solana demonstrated a breakout from an ascending triangle on the daily chart. 'Finally today Solana showed its strength and broke the ascending triangle pattern with great compulsion. It is clear that new highs will be made now,' noted analyst Crypto King.
Support Levels and Next Targets
Immediate support for Solana now lies between $228 and $232, the zone where it previously consolidated before the breakout. This area is crucial for maintaining the current bullish trend. Holding above these levels may confirm a move toward $250 and beyond.
Market Context and Price Outlook
The recent breakout adds to Solana's strong September performance. The market context indicates solid demand, and traders are now focused on the next steps toward $280 and higher.
The rise of Solana above $240 confirms a bullish sentiment in the market. If the token can maintain its current levels, traders expect it to achieve its next key targets.
