SOLANA โ Repeating Structure Points to Major Upside PotentialSolanaโs chart reveals a recurring bullish pattern that has played out multiple times over the past year. In each instance, SOL formed a rising base or ascending triangle followed by a strong breakout and a new high. These breakouts typically occurred after:
A series of higher lows forming an ascending structure
Compression beneath horizontal resistance
A clean breakout followed by a rapid price expansion
The current price action appears to be forming the same structure once again:
A clear ascending support trendline is intact
Price is approaching the horizontal resistance zone near $180
The 50 EMA is turning upward and price is pressing above the 200 EMA
If SOL breaks above the $180 level with volume, it could mirror previous rallies and target the long-term diagonal resistance trendline, currently pointing toward the $300โ$340 range. Until then, a pullback to retest support near $140โ$150 would remain within the bullish structure.
Key Technical Features:
Consistent ascending accumulation patterns
Breakout levels followed by new highs
Current setup showing a third rising base near major resistance
Clear long-term diagonal trendline acting as a historical ceiling
This is a textbook example of price memory and structural repetition. Traders should monitor for a confirmed breakout above horizontal resistance with strong volume before positioning for continuation.
