The post Solana Forms Triangle Pattern as $88.60 Breakout Signals Bullish Shift appeared on BitcoinEthereumNews.com.

Key Insights: Solana trades at $82.67, forming a triangle pattern with key resistance at the $88.60 level. Immediate support sits between $78 and $82, aligned with Fibonacci retracement zones. Solana ETFs recorded $43.75 million in inflows, supporting price stability during the consolidation phase. Solana Forms Triangle Pattern as $88.60 Breakout Signals Bullish Shift Solana (SOL) has been trading in a sideways range for the past three weeks, showing signs of a triangle formation. Traders are watching closely for a breakout above $88.60, which may indicate a bullish shift in the market.  The cryptocurrency is currently trading around $82.67, down 4.72% in the last 24 hours, with a 24-hour trading volume of over $4 billion. Analysts note that triangle patterns often lead to strong price movements once a breakout occurs. Triangle Pattern Shows Key Levels Solana’s current triangle pattern for includes immediate support between $78 and $82. According to More Crypto Online, these levels coincide with key Fibonacci retracement zones between 50% and 88%. Resistance appears near $90, with broader highs above $94 acting as potential targets for a bullish push. “A break above the Sunday high could signal that bulls are taking control,” said More Crypto Online. The pattern shows consolidation around $84, suggesting that SOL may be preparing for its next directional move. Traders are also watching a corrective wave labeled a–b–c. This pattern indicates that SOL might test lower support before attempting a breakout. The analyst noted that accumulation around $82–$78 could attract more buyers, and if the price falls below $78, the market could see moves toward $75–$72. ETF Inflows and Market Activity Solana ETFs recorded $43.75 million in positive inflows last week, showing continued interest from investors. The inflows may support price stability while SOL remains within its triangle formation. Market activity indicates short-term volatility as…

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Filed under: News - @ March 2, 2026 9:22 am