Solana is gaining technical strength after SOL broke above a major descending trendline while holding a higher-low structure near key support. The immediate focus is on resistance between $77.50 and $98, with a confirmed move through those levels potentially opening the way toward the $120 target highlighted by analysts.
Solana Breaks Above Triangle Resistance as Buyers Push SOL Toward $77
Solana is attempting a bullish breakout after weeks of price compression inside a large symmetrical triangle. The daily SOL/USDT chart shows price moving above the descending resistance line near $75, supporting Ted Pillows' view that the consolidation may be resolving to the upside.
Solana SOL Daily Triangle Breakout. Source: Ted Pillows (@TedPillows) on X
SOL is trading at about $76.56 on the chart, with the daily candle up roughly 3.9%. More importantly, the move has pushed Solana through the descending trendline that has capped rallies since the market traded near $99 earlier in the chart.
The breakout follows a prolonged period of narrowing price action. Solana formed lower highs beneath descending resistance while buyers repeatedly defended a rising support line that began near the June low around $60. Those converging trendlines created a symmetrical triangle, showing that volatility was steadily compressing before the latest move.
The immediate question is whether SOL can confirm the breakout rather than slip back into the pattern. A daily close above the former resistance area around $74-$75, followed by continued buying, would strengthen the bullish setup. The next visible resistance sits around $77.50-$80, where several previous price swings stalled. A clean move through that zone could shift attention toward the $82-$83 area, another notable resistance region on the chart.
The former breakout area now becomes important support. If SOL pulls back but holds roughly $74-$75, that would suggest buyers are successfully turning previous resistance into support. The rising lower boundary of the triangle, currently around $72-$73, provides a deeper technical support zone.
A sustained move back below the breakout line would weaken the bullish interpretation, while a break beneath the rising trendline would largely invalidate the immediate triangle-breakout scenario.
For now, the chart gives Solana bulls an early technical advantage, but confirmation through a strong daily close and follow-through above nearby resistance remains important. The breakout opens the door to higher levels, though price still has to clear the cluster of resistance between $77.50 and $83 before a larger advance becomes more convincing.
SOL Holds Higher Low as $120 Target Comes Into Focus
Michaël van de Poppe’s daily Solana chart presents a broader bullish recovery scenario, with SOL holding the low-$70s support region after rebounding from its June deviation. The structure suggests that maintaining this higher low could give buyers another chance to challenge overhead resistance before any move toward the projected $120 area.
Solana SOL Higher-Low. Source: Michaël van de Poppe (@CryptoMichNL) on X
SOL is shown near $74.82, sitting around the horizontal support area highlighted as the market’s most important level to reclaim and hold. The significance of this zone comes from the broader range visible on the chart: Solana spent much of February through May trading between support near the mid-$60s and resistance around $97.89 before briefly breaking below the range in June.
That June decline is labeled a “deviation,” meaning price moved below established support but later recovered back above it. Since then, SOL has rebounded and formed what van de Poppe interprets as a higher low, a constructive sign because buyers are stepping in above the previous major bottom.
The near-term path on the chart first points toward roughly $85-$88. That area would act as an initial test of whether the recovery has enough momentum to extend. Above it, the clearly marked $97.89 level is the bigger resistance barrier and corresponds with the upper boundary of the earlier trading range.
Van de Poppe’s longer-term scenario projects a move into a target zone around $120-$127, but the chart makes that outcome conditional on SOL continuing to defend the reclaimed support area and eventually clearing the resistance above it.
The bullish setup would weaken if Solana loses the low-$70s support zone and falls back toward the June recovery area. For now, the higher-low structure keeps the upside scenario intact, while a break above $85-$88 and later $97.89 would provide stronger confirmation that SOL is advancing toward the chart’s $120 target.
