The SOL token's price has surged by 5% in a single day, signaling a shift to bullish momentum after a recent downward trend. This upswing hints at a possible breakout from a triangle pattern, suggesting a positive turn in the market following Bitcoin's recent halving. Can Solana overcome its recent pullback and achieve a breakout?

Solana's price movement suggests a potential double bottom reversal, as seen in its chart. The coin has shown resilience at a support trend line, increasing the likelihood of a bullish cycle. A symmetrical triangle pattern indicates a sideways movement, but the formation of a double bottom suggests a forthcoming bullish reversal. Additionally, recent gains hint at a morning star pattern, typically associated with bullish reversals. Currently trading at $142.49, Solana could potentially break out past $200 if it maintains its upward momentum.

The possibility of a breakout rally is further supported by multiple entry points on the daily chart, attracting more traders' attention. A breakout could push Solana's price towards $250. However, failure to maintain bullish momentum could lead to a drop below $130, potentially plummeting to $100.

Technical indicators such as the Exponential Moving Average and the Relative Strength Indicator provide additional insights. The bearish crossover of the 20 and 50-day EMA suggests a slight increase in supply, while the daily RSI's reversal from the oversold zone strengthens the case for a bullish reversal.

In conclusion, Solana's recent price movements indicate the potential for a bullish breakout, with the coin poised to surpass $200 and possibly reach $250. However, caution is advised as failure to maintain momentum could lead to further downside.