Solana Price: Symmetrical Triangle Formation Suggests Breakout Potential

Solana’s price is nearing a significant turning point, with a tightening symmetrical triangle forming on the chart. This pattern suggests a potential breakout to higher levels and may be driven by institutional backing. The cryptocurrency continues to consolidate within this formation, trading near $210 after recent attempts to break through resistance at $220. However, Solana has shown resilience, holding onto key support levels around $195 despite these tests.