The post Solana Surges above $230 Support Level, Targeting a Bullish appeared on BitcoinEthereumNews.com.

Key Insights: Solana breaks $230 support, targeting a breakout to $1,314.41, fueling bullish optimism. The cup and handle pattern suggests strong growth, with Solana surpassing key Fibonacci levels. MACD bullish cross points to long-term growth, targeting price levels of $374.24 and $856.81. Solana Surges above $230 Support Level, Targeting a Bullish to $1314 Breakout Solana ($SOL) has surged past the $230 support level, prompting a strong bullish outlook. Solana could be heading toward a potential breakout targeting $1,314.41. This movement follows a series of positive technical indicators that suggest further upward momentum for the cryptocurrency. Technical Analysis Points to Strong Bullish Potential Analyst Ali_charts points to a breakout from a cup and handle pattern on the Solana weekly chart. This pattern has led to upward momentum, with Solana surpassing key Fibonacci retracement levels like 0.236 ($18.74).  These levels mark critical stages of Solana’s recovery. The analyst highlighted that the move above these levels signals strong bullish potential, setting the price path toward $295.11. Upward Momentum | Source: X The next target is seen at $1,314.41, with further upside anticipated as the crypto market remains optimistic. The chart suggests that after a steady growth phase in 2023-2024, Solana is now poised for another major rally. Double Bottom Breakout Strengthens Bullish Momentum However, analyst BitGuru identifies a double bottom formation as the catalyst behind the recent surge to $232.87. This pattern typically signals a reversal in a downtrend, and Solana’s breakout above key resistance levels has reinforced a bullish outlook.  The rise above the $210 support level reflects Solana’s capacity to sustain upward movement. As Solana approaches higher price levels, this breakout continues to fuel optimism among traders, strengthening the expectation for further gains. Support Level | Source: X As of the time of writing, the live Solana was $240.03 with a…

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Filed under: News - @ September 13, 2025 11:17 pm