The post Solana Eyes $217 Target as Triangle Breakout Forms appeared on BitcoinEthereumNews.com. Key Insights: Solana aims for $217 as a triangle breakout targets $255 if resistance at $205 breaks. Analysts suggest a dip to $206 before potential upward movement towards $217 for Solana. Solana’s leadership strengthens blockchain’s growth potential and technical development. Solana Eyes $217 Target as Triangle Breakout Continues to Form Solana ($SOL) is currently in the midst of a technical setup that may push its price toward $217. Traders are closely watching its movements as the cryptocurrency continues to form a triangle pattern, with the potential for a breakout. Testing the $205 Resistance Level Solana is facing resistance around the $205 mark, which has become a key level in recent days. According to analyst Lark Davis, the price is aiming to get above the $205 level at the top of the triangle.  The cryptocurrency has attempted to break past this level several times but has yet to maintain a decisive push above it. Davis mentioned that the volume behind this current move is not as high as the previous breakout attempt last week. $SOL Upward Movement | Source: X He added that analysts have to observe if the bulls can step it up, suggesting that further upward movement will depend on stronger buying interest. The triangle pattern indicates that a breakout could occur soon, with a target price of $255 if the price can break above this level. Support Levels and Potential Dip Despite the optimistic outlook, some analysts believe that $SOL could experience a slight dip before a rebound. Based on Ali_charts, he pointed out that the cryptocurrency may dip to $206 before testing the $217 target.  This potential dip would allow the price to gather strength before making another push higher. The market’s reaction to this support level will be crucial for the next move. If Solana fails… The post Solana Eyes $217 Target as Triangle Breakout Forms appeared on BitcoinEthereumNews.com. Key Insights: Solana aims for $217 as a triangle breakout targets $255 if resistance at $205 breaks. Analysts suggest a dip to $206 before potential upward movement towards $217 for Solana. Solana’s leadership strengthens blockchain’s growth potential and technical development. Solana Eyes $217 Target as Triangle Breakout Continues to Form Solana ($SOL) is currently in the midst of a technical setup that may push its price toward $217. Traders are closely watching its movements as the cryptocurrency continues to form a triangle pattern, with the potential for a breakout. Testing the $205 Resistance Level Solana is facing resistance around the $205 mark, which has become a key level in recent days. According to analyst Lark Davis, the price is aiming to get above the $205 level at the top of the triangle.  The cryptocurrency has attempted to break past this level several times but has yet to maintain a decisive push above it. Davis mentioned that the volume behind this current move is not as high as the previous breakout attempt last week. $SOL Upward Movement | Source: X He added that analysts have to observe if the bulls can step it up, suggesting that further upward movement will depend on stronger buying interest. The triangle pattern indicates that a breakout could occur soon, with a target price of $255 if the price can break above this level. Support Levels and Potential Dip Despite the optimistic outlook, some analysts believe that $SOL could experience a slight dip before a rebound. Based on Ali_charts, he pointed out that the cryptocurrency may dip to $206 before testing the $217 target.  This potential dip would allow the price to gather strength before making another push higher. The market’s reaction to this support level will be crucial for the next move. If Solana fails…