Crypto analyst Ali Martinez's chart update emphasizes Solana's performance above $190, suggesting a breakout toward $225 or $260. The SOL/USDT chart on Binance shows a rising channel, creating a pattern of higher highs and lows. Key Fibonacci levels, especially the 0.618 Fib at $187.41, act as crucial support.
Resistance levels are at the 0.786 Fib ($226.28) and 1.0 level ($261.90), indicating bullish potential. Further extensions at $320.29 (1.272) and $355.78 (1.414) remain possibilities if momentum strengthens. However, broader market conditions, like Bitcoin’s range, must align for Solana to continue its rise.