🔥 Solana target $270: potential huge rebound signal for upper boundary retest

Solana (SOL) is once again in the spotlight as experts assess its pricing potential. New technical analysis shows that this cryptocurrency may be on the verge of a massive surge, with prices potentially breaking $268, despite recent volatility and declines.
The ascending triangle indicates Solana's next target.
Solana reached an all-time high of $293 in January 2025, and has been trading steadily for months. Many believe this popular altcoin has "died" due to its price fluctuations. However, the charts indicate otherwise.
Cryptocurrency market expert Jonathan Carter stated on social media platform X that Solana's price is retesting the upper boundary of the ascending triangle that has formed on the daily chart over a long period. Carter mentioned that this retest is taking place after a failed breakout, which has trapped the bulls and pushed Solana into a consolidation phase.
Carter stated that the daily structure of Solana shows a significant resistance area around $180–$185, which has limited price increases several times this year. A rebound in this area could allow SOL to reclaim $205 and $225, and a breakout would open the path to $268. A rise to these higher targets would result in an increase of 13.26%, 24.31%, and 48.07% from $181.
The analyst's chart shows that the 100-day moving average (MA) is almost below the current level, supporting a positive reversal. The volume pattern indicates rising interest accumulation. Carter states that the current price of Solana is between $165 and $190. However, the tightening formation of the ascending triangle suggests the possibility of a breakout.
If buyers can defend the current area, considering Solana's historical significant rise when market conditions improve and resistance levels are overcome, its rebound could be even larger.
Based on Solana's price action, this cryptocurrency may pull back before rebounding again. His 8-hour chart on X suggests that if SOL trades above $181, it could drop below $160.
Analysts expect buyers to stop the price drop at $160. Solana's expected weakness may trigger a larger rebound.
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