Solana’s Next Big Move: Is $300 the Target After This Breakout?

After weeks of price actions, Solana has come to the phase of consolidation; this is due to clear price movements signaling an imminent breakout.

It has also sustained its support line at approximately $185 and a resistance line at the $220 mark. These levels have created a defined range, often considered an antecedent to impending volatility.

Historical data indicates that similar consolidations in Solana’s price action have frequently resulted in bullish breakouts, making the $220 level an important zone to monitor. A confirmed breakout above this resistance could propel SOL into its next upward trajectory.

Elite crypto analyst ‘World of Charts’ made a tweet on X with a prediction for an optimistic target of $300 for Solana, indicating the possibility of a positive breakout. For now, the Relative Strength Index (RSI) remains unremarkable, giving space for an upward shift without reaching overbought.

Fibonacci extensions have been placed from last swing lows to highs and the $290-$310 area seems to be the next target zone.

If Solana is able to out phase the $220 resistance with good volume, it might propel towards $300. On the condition that Solana fails to stay above the $220 mark, the price might return to lower supports around $185 or even around $165.

Image Source: X/Worldofcharts1

Traders are keeping an eye on Solana’s price for the next move, understanding that Solana’s key price zones is uncertain. The $185 support level has proven to be a strong floor, restraining important price drops in recent sessions.

On the upside, the $220–$230 range is a major obstacle. A breakout above this area has a positive impact on attracting more buyers, moving Solana into a bullish momentum phase, these remarks will authenticate the strength of any upward move. The next few days are primary as Solana approaches the apex of the consolidation pattern.