Solana Shows Potential Uptrend With Institutional Accumulation and Fibonacci Targets Around $206 to $265
The post Solana Shows Potential Uptrend With Institutional Accumulation and Fibonacci Targets Around $206 to $265 appeared on BitcoinEthereumNews.com.
Solana has decisively broken out of its descending channel, setting ambitious Fibonacci price targets at $206.58, $234.12, and $265.25 amid significant institutional accumulation totaling $273 million. Upexi’s planned acquisition of 1.6 million SOL tokens signals growing confidence from institutional investors, reinforcing Solana’s bullish momentum. Market dynamics are further strengthened by $23 million in shorts liquidated and daily trading volumes surpassing $8 billion, underscoring robust market participation. Solana breaks out of descending channel with strong institutional support and high trading volumes, targeting key Fibonacci levels at $206.58, $234.12, and $265.25. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Solana’s Breakout Signals a Strong Uptrend with Key Fibonacci Targets Solana (SOL) has demonstrated a clear bullish reversal after breaking out of a prolonged descending channel, a technical pattern that had constrained its price movement. The breakout was confirmed as the price rebounded from the critical Fibonacci demand zone between the 0.618 and 0.786 retracement levels, which acted as a robust support base. This shift indicates that buyers have regained control, setting the stage for upward momentum. Analysts have identified three primary Fibonacci extension targets at $206.58, $234.12, and $265.25, which represent potential resistance levels where traders may take profits or reassess positions. Maintaining price action above the channel resistance is crucial for sustaining this bullish trajectory. Technical Insights and Market Sentiment Behind the Breakout Crypto analyst TheMoonHailey highlighted the significance of…
Filed under: News - @ July 13, 2025 3:28 am