Solana Surpasses $205 Resistance, Potential for $360 Rally on the Horizon

Solana has achieved a significant breakthrough by exceeding the $205 resistance level. This successful break signals a strong upward trend, as illustrated by an ascending triangle formation on its charts, supported by significant trading volume and increased market capitalization. Analysts predict this momentum could propel Solana’s price towards a potential rally of up to $360. This comes after the token gained nearly 7% in just one week, as the market cap surged past $114 billion. Technical analysis suggests that if this upward trend continues, Solana could reach significant new highs, as indicated by Fibonacci retracement levels.