SOL - Breakout + Potential Retest SOL / TetherUSBINANCE:SOLUSDTVIAQUANTSolana has broken out of its structure on the daily timeframe and has begun to see increased appreciation against Bitcoin, as I outlined in my last idea: Let's start by examining the SOL/BTC pair: Since that post, SOL/BTC saw a brief failed break below the 100 MA before reclaiming it two days later. Upon reclaiming the 100 MA, SOL/BTC entered its expansion phase and is now heading toward the dotted green line or the red box I outlined in that idea. Because of this relative strength against BTC, it has also helped SOL/USD break out of its own pattern. Solana has been trading within this triangular pattern since early May 2026, and it now looks ready to begin moving to the upside. That said, it is still possible SOL could drop once more back to the trendlines (black upper and lower trendline) to test them as new support and demand. This is what I have labeled on the chart as "Watch for Retest." This retest does not have to occur, as SOL has already confirmed the breakout and remains in alignment with the theory of SOL outpacing BTC in the near term. Even with the weakness BTC has shown today, SOL is still holding strong, which further supports the thesis that SOL is positioned to gain value against BTC in the short term. If price does dip slightly lower and the retest does occur, I will make a follow up post in real time to walk through what the market structure looks like at that point. The last thing worth noting is volume. Since the February 6, 2026 low was formed for SOL, volume has spiked three separate times, (orange circles) each time coinciding with a significant low forming. Right now, volume has continued to decline and there is no volume supported breakout yet. Ideally, if price does pull back for the retest, volume would ramp up alongside it, giving Solana the volume supported retest needed to solidify demand and help push price toward the upper targets.