$SOL Bullish Breakout from Falling Channel | Eyeing $180 NextSolana (SOL) has broken out of its falling channel on the daily timeframe, indicating a potential trend reversal. After the initial breakout, SOL made a successful retest of the channel. However, it faced rejection at the 200 EMA, which is now acting as a critical resistance level.
Currently, SOL is attempting a second retest of the 200 EMA. If it breaks and holds above this dynamic resistance, we could see a swift move toward the next major target at $180, with potential to eventually revisit the previous all-time high near $260.
Supporting the bullish outlook:
📈 RSI is showing bullish divergence, confirming upward momentum.
📊 Price action is forming higher lows, establishing a clean uptrend structure.
🔍 Key level to watch: $156 resistance. A daily close above this could confirm the next leg up.
📌 Key Levels:
Resistance to break: $156
Short-term target: $180
Extended target: $260
EMA to watch: 200 EMA (Daily)
