Solana Breaks Out From Falling Wedge Near $70, Eyes $250 Target

According to More Crypto Online, Solana is testing major resistance near $70-$72 after reaching its Elliott Wave target on the 4-hour chart. The price action has pushed SOL into a dense resistance zone formed by multiple Fibonacci levels at $69.44, $70.78, and $72.58, where a decisive breakout could signal further upside potential.

According to analyst Satoshi Flipper, Solana has broken above the upper trendline of a long-term falling wedge pattern near $70, marking a potential trend reversal. The analyst projects a long-term target near $250 if the breakout holds. However, support remains near $63.06-$61.75; failure to clear the resistance zone could signal the corrective rally is complete.