Prominent crypto analyst Ali Martinez (@ali_charts) has shared a new chart for Solana, showing an ascending triangle that has advanced since March, with the price compressing toward its apex.
Martinez summed up his view, stating, “Not a bad spot to start loading Solana $SOL before a breakout to $360.”
Not a bad spot to start loading Solana $SOL before a breakout to $360. pic.twitter.com/N42zXpMzbT
— Ali (@ali_charts) August 21, 2025
Price Context and Levels To Watch
Solana currently trades at $182.32, down 2.3% on the day and 5.84% over the past week. However, Martinez’s chart offers a zoomed-out view, showing higher lows aligned along a diagonal base despite Solana’s struggles earlier in the year, and a key immediate horizontal resistance that sits at $205.
The price currently hovers just above the 0.786 retracement around $176, where the rising line offers nearby support. The chart displays Fibonacci extensions that map a potential bullish route, with the resistance at $205.78, and subsequent resistance levels at $250.26 (Fib. 1.272), $277.18 (Fib. 1.414), $321.99 (Fib. 1.618), and $362.23 (Fib. 1.786).
His outline proposes a brief consolidation near support, followed by a breakthrough of the immediate resistance level and continuation toward those extensions.
Aiming at a New All-time High
While some have counted out Solana, the $360 objective stands out. It implies a new all-time high and is almost two times the current price. Martinez presents it as the terminal extension of the formation rather than an immediate leap.
The interim areas between $250 and $300 appear as checkpoints where momentum could pause before attempting the final leg. The framework gives readers a clear, rule-based plan grounded in the levels visible on the image.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Validation and Invalidation Rules
The prediction relies on two conditions. First, bulls want a decisive break and close above the $205 area to confirm that supply at resistance has been absorbed. Second, the market needs to defend the ascending triangle that has guided the price for months.
Failure to hold that line, especially alongside acceptance below the $176 zone, would undermine the setup and shift attention to deeper retracement supports near $156, $143, and $131. In that case, the triangle would lose integrity, and the extension targets would lose relevance.
Despite negative short-term momentum, even Bitcoin maximalists are now recognizing Solana’s value, and with this favorable structure, it could reach a new peak soon.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
