{"id":380507,"date":"2025-03-09T10:40:11","date_gmt":"2025-03-09T05:10:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/mapping-solanas-short-term-price-targets-key-levels-to-watch-crypto-news\/"},"modified":"2025-03-09T10:45:38","modified_gmt":"2025-03-09T05:15:38","slug":"mapping-solanas-short-term-price-targets-key-levels-to-watch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/mapping-solanas-short-term-price-targets-key-levels-to-watch-crypto-news\/","title":{"rendered":"Mapping Solana&#8217;s short-term price targets &#8211; Key levels to watch! &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<ul>\n<li><em>Solana has been consolidating within a broadening wedge, with resistance levels at $177, $203, and $245<\/em><\/li>\n<li><em>RSI at 42.71 hinted at room for a move higher, but SOL must clear $150\u2013$160 to confirm a bullish breakout<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/category\/solana-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana [SOL]<\/a>, at the time of writing, was trading within a defined range, while forming a broadening wedge pattern on the daily timeframe. The price seemed to be showing signs of recovery, with a bullish divergence forming too. A breakout from this structure could set the stage for significant gains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s not all though as SOL was at the center of a consolidation phase within a right-angled ascending broadening pattern. This pattern historically precedes strong price movements. With technical indicators hinting at a hike in volatility ahead, traders may be expecting a decisive breakout on the charts.\u00a0<\/span><\/p>\n<h2>Solana\u2019s broadening wedge and potential breakout<\/h2>\n<p><span style=\"font-weight: 400;\">The daily chart from an analyst indicated that Solana has established a broadening wedge pattern, one characterized by expanding price swings. Historically, this structure often results in an uptick in volatility before a breakout.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Key resistance levels to watch include $177, $203, $224, $245, and $270, with all these levels aligning with Fibonacci extension levels.<\/span><\/p>\n<div id=\"attachment_473552\" style=\"width: 1845px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-473552\" class=\"wp-image-473552 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0.png\" alt=\"Solana wedge pattern\" width=\"1835\" height=\"849\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0.png 1835w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0-300x139.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0-1024x474.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0-768x355.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0-1536x711.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/GlcqC40XEAAR9U0-1200x555.png 1200w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-473552\" class=\"wp-caption-text\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/johncycrypto\/status\/1898032001736654945?s=46\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">X<\/a><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">A breakout above the descending resistance of the wedge could confirm a bullish trend continuation, potentially driving SOL towards the upper resistance zones. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, failure to break out could lead to a further consolidation within the wedge.<\/span><\/p>\n<h2>SOL\u2019s right-angled ascending broadening pattern<\/h2>\n<p><span style=\"font-weight: 400;\">Another key pattern forming on Solana\u2019s chart, according to another analyst, is a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ali_charts\/status\/1898183637319008435\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">right-angled ascending broadening pattern<\/a> \u2013 Alluding to a potential increase in volatility. These patterns often result in sharp moves when price action compresses, and volume builds up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If Solana breaks out of this pattern, the next resistance levels would be $177 and $200, with stronger psychological barriers at $245 and $270. On the downside, immediate support lay at $133 \u2013 A level that has historically acted as a demand zone.<\/span><\/p>\n<h2>Where is SOL heading?<\/h2>\n<p><span style=\"font-weight: 400;\">Solana was trading at $138.97 at press time, facing resistance near the 50-day moving average at $163.81. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index [RSI] was at 42.71, suggesting that there may still be room for an upward move before overbought conditions emerge.<\/span><\/p>\n<div id=\"attachment_473554\" style=\"width: 1443px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-473554\" class=\"wp-image-473554 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SOL price trend\" width=\"1433\" height=\"740\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42.png 1433w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-300x155.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-1024x529.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-768x397.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-1200x620.png 1200w\" data-lazy-sizes=\"(max-width: 1433px) 100vw, 1433px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-473554\" class=\"wp-image-473554 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42.png\" alt=\"SOL price trend\" width=\"1433\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42.png 1433w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-300x155.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-1024x529.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-768x397.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/SOLUSD_2025-03-08_09-24-42-1200x620.png 1200w\" sizes=\"auto, (max-width: 1433px) 100vw, 1433px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-473554\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Volume levels seemed to be moderate, indicating that traders have been waiting for confirmation before committing to larger positions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If SOL sustains momentum above $145, it could confirm a bullish reversal and accelerate towards higher resistance zones.<\/span><\/p>\n<h2>Will Solana break out?<\/h2>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana\u2019s<\/a> price structure suggested that a breakout may be imminent, with the asset consolidating within a broadening wedge and an ascending broadening pattern. If bulls manage to push SOL past $150\u2013$160, it could pave the way for a run towards $200 and beyond.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, failure to gain momentum could result in sustained consolidation near $130\u2013$145.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Traders should closely monitor volume, RSI levels, and breakout confirmations before making major moves. With key resistance levels identified, the next few days will determine whether SOL enters a new bullish phase or remains within its press time consolidation range.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/maker-mkr-holders-adjust-their-positions-will-the-support-at-1300-hold\/\" rel=\"prev\" data-wpel-link=\"internal\">Maker [MKR] holders adjust their positions \u2013 Will the support at $1,300 hold?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana has been consolidating within a broadening wedge, with resistance levels at $177, $203, and $245 RSI at 42.71 hinted at room for a move higher, but SOL must clear $150\u2013$160 to confirm a bullish breakout Solana [SOL], at the time of writing, was trading within a defined range, while forming a broadening wedge pattern [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":380509,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-380507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=380507"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380507\/revisions"}],"predecessor-version":[{"id":380510,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/380507\/revisions\/380510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/380509"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=380507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=380507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=380507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}