Solana Bulls Eye $260 As Key Support Holds, Says Crypto Analyst
In the latest chart update released on February 14, 2025, crypto analyst Ali Martinez (@Ali_Charts) highlighted Solana’s firm performance above $190, suggesting a potential breakout of $225 or even $260. The one-day SOL/USDT chart (Binance) reveals several well-known technical signals that support Martinez’s outlook.
Why Solana prepares $260
this chart An overview of emerging channels that have been in play since the summer, selling for close to $125 (near Aspergillus phenanthi level at $124.96) and at the upper limit of $355 (approximately 1.414 fibonacci Extension the Fibonacci extension price is $355.78). In this vast upward corridor, Solana’s price has been bounced between the lower and upper trend lines, creating a recognizable visual recognition pattern of high and higher lows.
A closer look at Martinez’s notes reveals several key Fibonacci levels. The FIB of 0.382 hovers around $165.78, while the 0.5 line is priced at $180.91, both of which previously act as support or resistance at different points in Solana climbs. However, the fee of $187.41 for 0.618 seems particularly important for the current setup, as the area helps keep SOL’s footsteps in the recent decline. Martinez points the region to the core support layer that buyers defend.
Related Readings
The chart is above these levels, highlighting potential branch organizations or Resistance Target At around 0.786 FIB, about $226.28, the 1.0 level is close to $261.90. Overcoming these thresholds will mark a new bullish driving force that can keep SOL rising within the channel. Meanwhile, further extension lines of $320.29 (1.272) and $355.78 (1.414) suggest that if Solana recovers strong momentum, it will maintain an additional upside target on the table for a long time.
Martinez mentioned that “Solana’s company will have a stake of more than $190, laying the foundation for a potential breakthrough to $225 or $260!” highlighting the importance of $187-$190 area . If buyers continue to defend this part of the chart, Solana may once again challenge the upper boundary of the channel, test the $225 resistance, and potentially heading forward to the $260 area.
Related Readings
For now, everyone’s eyes are focused on whether SOL can maintain its position as the lower part of the upstream channel. If support fails, the token can be traced back to $165 (0.382 FIB) or less. But for now, the overall structure still looks Promotes the rising space Raising the forecast for another leg to Martinez, with the help of $225, it could be $260.
But remember A broader market situation There is still a need to line up, especially as Bitcoin is trapped in a lateral range of between $91,200 and $108,000. Any decisive move beyond this range can serve as a catalyst for altcoins such as Solana to capitalize on new market momentum.
At press time, Saul’s trading price was $198.
Featured images from Shutterstock, charts from TradingView.com
