Solana Breakout Attempt Eyes $255 Target
Solana retests breakout above $205 with low volume. Bulls aim for $255 target as triangle pattern plays out.
- Solana retests the $205 breakout level
- Trading volume is lower than the previous attempt
- $255 remains the breakout target from the triangle pattern
Solana is once again testing the critical $205 resistance level, which sits at the top of a well-formed triangle pattern. After failing to hold above this level last week, SOL is making another move — but this time with lower trading volume.
Despite the weaker momentum, traders are closely watching this zone for signs of strength. A confirmed breakout above $205 could pave the way for a rally toward the projected target of $255, as indicated by the height of the triangle formation.
Volume Tells a Different Story This Time
One of the key differences between this attempt and the previous breakout is the volume. Last week’s move came with a noticeable spike in volume, suggesting strong bullish interest. In contrast, today’s push is happening with relatively low volume, which raises concerns about the sustainability of the breakout.
Volume is often a reliable indicator of conviction in a price move. Without a surge in buying activity, the breakout could turn into a fakeout, trapping bulls and leading to a quick pullback below the resistance.
What to Watch Next
For Solana to successfully break out and aim for the $255 target, traders will want to see a clear daily close above $205 — ideally backed by rising volume. If that happens, confidence could return to the market and ignite a bullish run.
On the downside, failure to hold above this level could see SOL fall back into the triangle, leading to consolidation or even a retest of lower support levels. As always, market conditions and broader sentiment will play a role in how this breakout plays out.
Read Also :
- SEC Crypto Task Force Reviews Quantum-Safe Framework
- Top Presale Cryptos in 2025: BlockDAG Surges Past MAGACOIN FINANCE, Bitcoin Hyper, & BlockchainFX
- Bitcoin Consolidates Between $104K–$116K
- $225M Liquidated as 94K Traders Get Rekt in 24 Hours
- James Wynn Faces Back-to-Back ETH Liquidations
