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Solana Breakout Above $220 Could Signal Fibonacci Targets From $250 to $321 If Support Holds

Solana Breakout Above $220 Could Signal Fibonacci Targets From $250 to $321 If Support Holds

CoinotagCoinotag2025/08/27 16:00
By:Sheila Belson
  • Confirmed breakout: Solana cleared an ascending triangle above $220 with rising volume confirming momentum.

  • Fibonacci projections set short-term targets at $250, $277 and $321, with $275 as the next structural test.

  • On-chain MVRV and mean levels (Glassnode data) point to $210–$220 as key support for continuation.

Solana breakout: SOL price targets $250, $277, $321 — watch $210–$220 support; track volume and on-chain MVRV for confirmation. Read analysis and trade plan.

What is the Solana breakout and what are the SOL price targets?

Solana breakout refers to SOL clearing an ascending triangle resistance around $200–$220, indicating bullish continuation. Fibonacci extensions project targets at $250 (1.272), $277 (1.414) and $321 (1.618) if the $210–$220 support zone holds and on-chain metrics remain constructive.

How do Fibonacci levels define the SOL price targets?

Fibonacci extensions provide measured objectives after a structure breakout. The 1.272 extension targets $250, the 1.414 level aligns near $277, and the 1.618 extension points toward $321. These levels act as logical take-profit zones and overlap with on-chain resistance bands, increasing their significance.

Solana breaks out of an ascending triangle above $220, with Fibonacci targets signaling a bullish path toward $250, $277, and $300.

  • Solana affirmed a breakout of an ascending triangle above $ 220 and Fibonacci projections provided bullish targets of 250, 277 and 321.
  • Technical confluence provides constructive volume and strength of breakout that points to lasting momentum in case Solana successfully defends the support zone of 200 to 220.
  • Glassnode data indicates Solana must hold the $210 mean, with the +0.5σ band near $275 marking the next major test.

Solana has broken out of a long-run ascending triangle, indicating bullish continuation. The trend preconditions the potential upside projections above $300.

Why does the ascending triangle breakout matter for SOL?

The ascending triangle is a bullish continuation pattern where higher lows converge on a flat resistance. A confirmed close above $220 with expanding volume signals buyer control. When this structure breaks, measured targets via Fibonacci extensions become relevant for short- and medium-term trading plans.

Ascending Triangle Breakout and Fibonacci Levels

Analyst Ali shared a 12-hour chart showing Solana’s price breakout above the $200–$220 resistance zone. The structure formed since April reflected a textbook ascending triangle, where higher lows pressed against a static resistance ceiling.

Solana $SOL breaks out of a triangle, targeting $300! pic.twitter.com/B8oJTPKdNm

— Ali (@ali_charts) August 28, 2025

The breakout aligns with Fibonacci extension levels that provide clear technical objectives. The 1.272 extension points to $250, while the 1.414 projection targets $277. Further, the 1.618 extension outlines a possible move toward $321.

This setup suggests that if Solana holds above the former resistance zone, it may advance toward these measured targets. A potential retest of $200–$220 could act as confirmation before continuation.

How strong is the breakout momentum?

Rising volume into resistance created confluence, strengthening the breakout case. A decisive daily close above $220 with volume expansion typically signals continuation. Traders should watch for a break–retest–continuation: a retest of $200–$220 followed by renewed buying would validate the move.

On-Chain Context from MVRV Bands

On-chain data from Glassnode indicates the +0.5σ MVRV band previously acted as resistance since the March 2024 top. Currently, price trades near the mean level of $210; defending that mean is essential for higher tests.

If Solana sustains strength above the mean, market structure and on-chain signals point toward a test of the $275 region. The +0.5σ band now aligns with the next overhead target where profit-taking historically increased.

What are the key risk levels for traders?

Key support: $200–$210. Losing $200 on a sustained basis would weaken the breakout thesis. Immediate resistance/test: $275 (MVRV +0.5σ). Primary targets: $250, $277, $321 per Fibonacci extensions.

Comparative Snapshot: SOL Targets vs. Key Levels

Level Significance
$200–$220 Former resistance → now critical support
$210 On-chain mean (Glassnode); must hold
$250 (1.272) First Fibonacci target
$277 (1.414) Secondary extension; aligns with +0.5σ test
$321 (1.618) Extended Fibonacci target if momentum persists

Frequently Asked Questions

What are SOL’s short-term price targets?

Short-term SOL price targets from the breakout are $250 (1.272), $277 (1.414), and $321 (1.618). Progression depends on defending the $200–$220 support and sustaining above the $210 on-chain mean.

How should traders confirm the breakout?

Confirm with a daily close above $220 accompanied by rising volume, followed by a successful retest of $200–$220. On-chain indicators like MVRV and mean levels provide additional confirmation.

Key Takeaways

  • Breakout confirmed: SOL cleared an ascending triangle with volume support.
  • Measured targets: Fibonacci extensions at $250, $277 and $321 act as logical objectives.
  • Watch support: $200–$220 and the $210 on-chain mean are critical for continuation.

Conclusion

The Solana breakout above $220, validated by volume and Fibonacci projections, sets a clear path for targets at $250, $277 and $321. Traders should prioritize defending the $200–$220 zone and monitoring Glassnode MVRV signals. COINOTAG will continue tracking price action and on-chain metrics as the setup develops.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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