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In a recently posted chart update on February 14, 2025, the Ali Martinez (@ali_charts) was highlighted by Solana's fixed performance over the $ 190 brand, indicating the possibility of about $ 225 or even $ 260. The Sol/USDT scheme (Binance) reveals many prominent technical signals that support Martinez's expectations.
Why is Solana preparing for $ 260?
the table The emerging canal that has been around almost the summer, which starts near $ 125 (near the Fibonacci level at $ 124.96) and extends to the top of the upper border near 355 dollars (about 1.414 Fibonacci's extension at $ 355.78). Within this broad upper corridor, the Solana price constantly wore the lower and upper directional lines, creating a visually recognized pattern from the highest levels and higher decreases.
A closer look at Martinez's comments reveals many main Fibonacci levels. Fib 0.382 hovers near 165.78 dollars, while the 0.5 line comes to $ 180.91 – as it was previously working as support or resistance at various points of Solana climbing. But FIB 0.618 at $ 187.41 appears to be particularly decisive for the current preparation, as this area helped keep the Seoul on its feet during the recent declines. Martinez refers to this region as a basic layer of support defended by buyers.
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Above these levels, the plan is highlighted on the capacity or potential resistance targets at 0.786 FIB around $ 226.28 and 1.0 level near 261.90 dollars. Overcoming these thresholds would refer to a renewed batch that can see Seoul continues to climb inside the channel. Meanwhile, the additional extension lines at $ 320.29 (1.272) and 355.78 dollars (1.414) show that if Solana regains a strong momentum, additional upward goals will remain on the table in the long run.
“Solana maintains a company above $ 190, which paves the way for a possible outbreak to $ 225 or $ 260!” It emphasizes the importance of an area of 187 – 190 dollars. If buyers continue to defend this section of the scheme, Solana may challenge very well the upper borders of the channel again, and the $ 225 resistance test and may go forward to a $ 260 region.
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Currently, all eyes remain on whether Sol can keep their place over the bottom of the emerging canal. If this support fails, the distinctive symbol can recover about $ 165 (0.382 FIB) or less. But as is the case, the general structure is still favorable to the upper side, which gives credibility to the prediction of Martinez with another leg above 225 dollars and possibly $ 260.
However, it is important to remember that the wider market conditions still need to be lined up, especially with Bitcoin stuck in its side range between 91200 dollars and $ 108,000. It can be any crucial step behind this range as a stimulant for a lamb like Solana to take advantage of the renewable market momentum.
At the time of the press, Sol was traded at a price of $ 198.
Distinctive photo of Shutterstock, Chart from TradingView.com
The post Solana Bulls Eye $260 As Key Support Holds, Says Crypto Analyst first appeared on Investorempires.com.