Solana Enters Ascending Triangle Territory, Potential Breakout Near $176

Solana’s price action has revealed a strong indication of potential breakout above the $176 mark as it forms an ascending triangle on its monthly chart. This technical pattern, coupled with increasing trading volume and support levels around $165, suggest that the asset could surge towards the $190-$200 range. Analysts believe Solana’s stable fee structure and efficient network design contribute to investor confidence against competitors like Ethereum’s Layer-2 solutions.