Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout

• Solana breaks out of triangle pattern, targets $164 after reclaiming key support
• Analysts confirm bullish setup, but warn invalidation if SOL falls below $147
• Trading volume spikes as SOL nears $158, hinting at renewed upward momentum

Solana ($SOL) is once again stirring up excitement in the crypto world, as analysts believe a new rally could be underway. The token has broken through a key resistance level, and its technical setup suggests the potential for significant gains. With prices currently hovering around $157, bullish momentum is clearly building. 

This comes after weeks of consolidation, and several respected analysts are highlighting the possibility of $SOL surging toward $164 in the near term. The recent market action has sparked conversations about whether Solana could be entering another meme-driven rally, much like the explosive runs witnessed earlier this year.

SOL Bullish Breakout: Chart Patterns Signal More Upside

Ali Martinez, a well-followed crypto analyst, noted that Solana has broken out of a symmetrical triangle. This is a bullish continuation pattern that often signals further upward movement. 

According to his analysis, $SOL …

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