• After a bear trap, price plans slow down to recover.
• SOL should rise to at least 54% so $209 will be the key level.

Solana’s (SOL) price has been firmly trending upwards since mid-September, presenting a bullish outlook. However, the killer recently created a bear trap as it sliced below the governing technical pattern’s lower boundary, confusing predictions. The token may soar 54% if SOL reclaims $209.

Solana has displayed an ascending parallel chart on its daily chart. It suggests that there is a positive outlook. SOL declined below its current trend line on the chart, suggesting that an uptrend could be in danger. Technical indicators suggest that the recent low was a bear trap.

Meanwhile, Solana’s price fell to $182, the Relative Strength Index (RSI) declined to reach a new low – indicating a bullish change. This is an indication that the bears may be losing market control. The bulls appear ready to assume control, signaling the end of temporary downtrend.

According to the chart, Solana’s price may be at its upper boundary. The Solana price is also at 127.2% Fibonacci level retracement. It could then target $325 as its next bullish target. That would represent a 54% rise.

Solana should be able to reclaim the lower limit of the parallel channel, at the 78.6% Fibonacci Retracement Level at $209 and coincidentally with the 21 day Simple Moving Average (SMA). At the same time, Solana’s price will encounter additional barriers at the 50-day SMA at $225, compared to the resistance line given by the Momentum Reversal Indicator (MRI).

The final hurdle shows to be at $259, the altcoin’s all-time high, which sits near the middle boundary of the governing technical pattern before SOL aims for the optimistic target at $325.

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