2026-01-12 00:00:05

SOL Weekly Setup: Room to Run

Solana's weekly chart is painting an interesting picture right now. The token's been consolidating within a pretty substantial range, and here's where it gets spicy—the upper trendline is sitting at $249.

That means we're looking at roughly 79% upside from current price levels. Not exactly chump change.

The pattern shows a series of higher lows forming on the weekly timeframe, which is the kind of thing technical traders eat up. It's basically the chart saying "hey, buyers keep stepping in at better levels."

Whether SOL actually reaches that $249 target depends on a few things—overall market sentiment, Bitcoin's behavior, and whether this consolidation phase actually breaks to the upside. But the setup is definitely there for those watching the weekly.

The room is there. Question is whether we get the buying pressure to fill it.

SOL2,07%

BTC-0,26%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes

Reward
5
5
Repost
Share

Comment

0/400

DaisyUnicorn

· 12h ago

A 79% upside sounds tempting, but I bet on 5 daisies—one big drop in BTC and it's all over. The old story of higher lows is played out every week; the key still depends on whether retail investors are willing to buy in. $249... dreaming or can it really reach that? Anyway, I'm already here waiting for the flowers to bloom.

View OriginalReply0

CoffeeNFTrader