Solana Price Breaks Trendline, Eyes Move Towards $147

Solana's price has broken above a multi-month descending trendline on its daily chart. According to crypto analyst Einstein, this breakout could be followed by a potential retest of the $92 area, with SOL potentially moving towards $108, $128, and eventually $147 if support holds.

This comes after Solana spent most of July and August in low-volatility accumulation within a roughly $74-to-$78 price range. The asset's recent run to new highs above $90 has led some to believe that its market structure may be changing due to several months of bearish pressure.

The level of $92 is now significant from a technical standpoint for Solana, with the breakout above the downtrend line followed by a test of former resistance levels. If buyers defend this level on a daily closing basis, attention could shift towards the $108 region.