{"content":"🚀 Solana Breaks Out — Ascending Triangle Targets $500 Next A cryptocurrency specialist says Solana is breaking above an Ascending Triangle that might approach $500. The formation is unique since the higher trendline is parallel to the time-axis while the lower one slopes upward. This indicates the price's range shrinks upward between the lines. As with any consolidation pattern, the Ascending Triangle's top line will likely represent price resistance and the lower line support. A rise above the triangle is bullish, while a fall below it is bearish. The Descending Triangle is identical to the Ascending Triangle, except its bottom line is parallel to the time-axis. An Ascending Triangle is more likely to break out beyond the resistance line than a Descending Triangle, which is more likely to break support. The analyst supplied the 12-hour Solana price chart showing the Ascending Triangle: As seen in the graph above, Solana has been trading in the pattern for months and is seeking to break out. SOL is reaching the triangle apex as it attempts a surge over the resistance line. Price breakouts usually increase as the pattern ends. Because the consolidation range narrows at the peak. The cryptocurrency may be experiencing the same impact. If the recent effort leads to a prolonged bullish drive, Solana may reach $500, according to. This level is around 1.618 Fibonacci Extension. Based on Fibonacci ratios, price charts show Fibonacci Extension lines. The renowned Golden Ratio is 1.618. Solana's price would rise 46% if it rallies to $300. #SOLTreasuryFundraising #MarketPullback #TrumpTariffs #NewHighOfProfitableBTCWallets #BTCWhalesMoveToETH $SOL $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/30/8564880672e3443993d3e32591e01e9d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}