SOL Point Toward Higher Fibonacci Extensions After Bullish Retest With a 4% Daily Gain

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Cryptonewsland2025/10/02 20:42

By:by Wesley Munene

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Solana rose 4.02% in one day, moving from $218.44 to $227.44 with steady momentum.
Price structure shows bullish retests with support around the $200 region holding firm.
Fibonacci extensions mark next resistance levels at $250, $277, $321, and $362.

Solana’s recent price movements have developed within a rising channel supported by Fibonacci retracement and extension levels. The chart shows an ascending trendline forming since early April, with higher lows recorded consistently across multiple months. This support line held firm during repeated retests, shaping the foundation for continued upward movement in the asset.

Solana Advances from $218 to $227 in Steady Upward Trading Session

CoinMarketCap data reveals that Solana recorded steady gains over the past trading session, closing at $227.44 after starting near $218.44. The price action displayed a clear upward trend, with momentum building through multiple intraday moves. After an early dip toward the $218 level, the market quickly recovered and shifted higher.

Source: CoinMarketCap

Throughout the session, the chart showed a series of consistent climbs, each peak surpassing the previous one. Brief pullbacks appeared, but upward momentum remained intact as the price advanced through resistance points. By mid-day, Solana was trading above $224, maintaining strong movement into the afternoon. The final hours recorded the day’s highest level at $227.44, marking a notable daily increase of 4.02%.

Retest Reinforces Market Structure

During the period between May and September, Ali Chart observes that Solana traded in a staircase pattern of steady accumulation. Pullbacks repeatedly met support around the 0.786 and 0.618 Fibonacci retracements, preventing deeper declines. Each rebound lifted the market closer to higher resistance levels, reinforcing the strength of the ascending structure.

Source: X

The breakout above the $200.71 Fibonacci extension marked a decisive move, followed by consolidation above the $200 region. This consolidation occurred after a bullish retest, as shown by shaded bars holding firmly above the trendline. The retest confirmed price continuation without creating new lower lows, keeping the broader trend intact.

Fibonacci Extensions Map Next Levels

The current price structure outlines several projected upside targets based on Fibonacci extensions. The immediate resistance is positioned near $250.29, corresponding with the 1.272 extension. From there, the next objective is $277.23 at the 1.414 extension, followed by $321.06 at the 1.618 level. The upper target on the chart is $362.31, aligned with the 1.786 extension.

The dotted projections display potential scenarios where the market advances toward these targets in progressive stages. Movements first point to $250, then extend toward $277, with subsequent levels placed closer to the $320–$360 range. Overall, the chart positions Solana within a rising market channel, with Fibonacci projections providing a clear sequence of potential resistance levels.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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