{"id":22816,"date":"2026-02-26T13:44:28","date_gmt":"2026-02-26T13:44:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-price-breaks-out-of-symmetrical-triangle-eyes-rally-above-100\/"},"modified":"2026-02-26T13:44:36","modified_gmt":"2026-02-26T13:44:36","slug":"solana-price-breaks-out-of-symmetrical-triangle-eyes-rally-above-100","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-price-breaks-out-of-symmetrical-triangle-eyes-rally-above-100\/","title":{"rendered":"Solana price breaks out of symmetrical triangle, eyes rally above $100"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Solana price rallied for the second consecutive day, clocking over 17% as the broader crypto maker recovered. It has now confirmed a bullish breakout from a symmetrical triangle pattern, which could lead to more upside over the coming sessions.<\/p>\n<div id=\"cn-block-summary-block_7dfd087f99344ef37d49597b97971a0a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Solana price shot up to an intraday high of $90 on Thursday.<\/li>\n<li>SOL price has confirmed a bullish breakout from a symmetrical triangle pattern.<\/li>\n<li>Solana ETFs drew in over $30 million inflows over the past day.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Solana (SOL) price rebounded 17.5% from its weekly low of $76.56 to an intraday high of nearly $90 on Thursday.<\/p>\n<h1 class=\"wp-block-heading\">Solana price analysis<\/h1>\n<p>On the 4-hour chart, Solana price has broken out from the upper side of a symmetrical triangle pattern that had been forming since early February. A symmetrical triangle pattern is a structure formed when an asset price forms successive lower highs and higher lows as the asset undergoes a period of consolidation.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Solana price has confirmed a bullish breakout from a symmetrical triangle pattern on the 4-hour chart \u2014 Feb. 26 | Source: crypto.news<\/figcaption><\/figure>\n<p>When an asset price breaks out from the upper side of such a pattern, it typically tends to continue its upward momentum over the sessions that follow.<\/p>\n<p>In Solana\u2019s case, while the token previously broke the lower trendline of the pattern due to a broader market drop, it was quickly reclaimed as bulls managed to push the token back above the upper trendline of the pattern that had been acting as dynamic resistance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Based on the bullish breakout, Solana price eyes a rally past the $100 psychological resistance level toward $108, a target calculated by adding the height of the greatest swings within the symmetrical triangle to the point at which SOL price broke out of the pattern.<\/p>\n<p>The bullish forecast is supported by other technical indicators, including the MACD and Supertrend. The MACD lines have pointed upwards with growing green histograms, while the Supertrend has flipped green.<\/p>\n<h2 class=\"wp-block-heading\">Catalysts supporting Solana recovery<\/h2>\n<p>Solana price jumped amid a broader market rebound triggered by Bitcoin\u2019s bounce back to near $70K levels and bullish market sentiment that followed after a stellar Q4 earnings report by AI chip-making titan Nvidia.<\/p>\n<p>As Solana price surged, it led to liquidations of bearish bets on the leveraged markets. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/SOL\/futures\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from CoinGlass shows nearly $27.5 million worth of short positions were liquidated from the SOL futures market in the past 24 hours, significantly outweighing long liquidations.\u00a0<\/p>\n<p>SOL futures open interest has also surged nearly 5% to $5.3 billion over the past day while the weighted funding rate has turned positive.<\/p>\n<p>Meanwhile, a sudden spike in institutional demand for spot Solana ETFs has also played a part in supporting the Solana surge today. Data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-sol-spot\" target=\"_blank\" rel=\"nofollow\">SoSoValue<\/a> shows the spot Solana ETFs recorded a combined inflow of $30.86 million on Wednesday, nearly an eight-fold jump from the prior day and also marking the highest single-day inflows recorded since mid-December last year.<\/p>\n<p>This renewed demand for SOL amid both derivatives and institutional traders could help it on its way towards the $108 target.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana price rallied for the second consecutive day, clocking over 17% as the broader crypto maker recovered. It has now confirmed a bullish breakout from a symmetrical triangle pattern, which&hellip;<\/p>\n","protected":false},"author":1,"featured_media":22260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22816"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22816\/revisions"}],"predecessor-version":[{"id":22817,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22816\/revisions\/22817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/22260"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}