Solana is primed for a significant price surge, with recent chart patterns signaling a potential breakout. After experiencing some volatility in recent weeks, the SOL price has returned to around $188, situated near a tightening symmetrical triangle pattern. Analysts suggest that this tightly compressed chart indicates an imminent move towards a substantial increase in value. The Crypto Express notes that Solana’s recent bounce off the lower trendline of this triangle suggests sustained buyer pressure within the critical zone around $180. 180 is where buyers are holding firm. Meanwhile, The Ichimoku Cloud, positioned above current levels, stands as a potential barrier to entry, with a clean break through it potentially triggering Solana’s next strong upward trend. Crypto Batman added further confirmation on the weekly chart: Solana price rests precisely at both the 20-day and 50-day moving average confluence—a technical support area that has successfully halted declines multiple times in past market cycles, often acting as a catalyst for bullish reversals when positive market trends emerge. 20-day and 50-day moving averages are strong technical support levels. On the four-hour chart, Solana displays tight coils inside a symmetrical triangle pattern. This pattern typically acts like a spring, with tighter formations signifying stronger potential price movements. The current trend showcases bulls maintaining higher lows while sellers struggle to gain momentum. Volume has also begun to increase slightly, suggesting a shift in market dynamics. A sustained close above $195 alongside significant follow-through would confirm a bullish breakout, opening doors for further targets around $210 and $225, both resistance levels from early October. However, if Solana price retraces at the top of the pattern, a short dip to retest $175 wouldn’t be entirely surprising. 175 would act as support before any real breakout happens. Furthermore, momentum indicators such as the RSI are rising and nearing positive territory, while the MACD is poised for a potential positive shift. The combination of technical support from the 20-day and 50-day moving averages with this trend could indicate a solid setup for Solana’s next breakout. Moreover, the Ichimoku Cloud has been narrowing in October, suggesting resistance above $190 won’t hold long. Once price breaches through it, momentum might surge, particularly if Bitcoin maintains its stability. 190-200 is critical support, and any breach will likely trigger a quick upward move for Solana. Short-term traders should keep an eye on this narrowing range. The price has been trading within a narrow range for the past couple of weeks. It’s reaching a point where this compressed pattern needs to resolve. If bulls break through the $195-$200 zone with significant volume, Solana could experience a rapid upward trajectory towards $220 even faster than anticipated. However, patience is key for now. The Solana chart points toward a strong surge in the coming days. With confluence support below and the cloud thinning above, Solana’s next breakout could set the tone for Q4. 190-200 is critical support. Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.