<ul><li>Solana (SOL) is displaying a bullish trend with similarities to patterns before a significant price surge in 2023. The asset broke out of a consolidation phase and is now retesting previous resistance levels as new support.</li><li>Analysts note that the current technical setup mirrors the structure seen in 2023, where a symmetrical triangle breakout led to a 5x price surge. Market watchers anticipate another substantial upward movement in the ongoing cycle.</li><li>Although the current market cap of Solana is larger than in 2023, which may limit extreme gains, analysts project a peak price range of $400–$500. The recent pullback is viewed as a retest phase, with the $130–$140 zone acting as crucial support for further rally potential.</li><li>The S/R flip around $130–$140 confirms bullish momentum, with buyers absorbing selling pressure and supporting the price above the breakout level. Despite a short-term dip in price, the overall technical structure remains favorable for a potential new cycle high.</li></ul>

Solana (SOL) Price Eyes $400–$500 as Chart Patterns Repeat 2023 Rally Setup

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