Solana (Sol) is Showing signs of potential breakthrough On the 15-minute chart, when the price action remits to a stricter range. This volatility squeezes ahead of a major move, and market participants are waiting to confirm the direction. The integration phase has formed a recognizable breakthrough structure, high and low, indicating that the pressure is below the surface.
Breakthrough structures form within a lower time frame
According to Andrew Davis postal On X, Solana has experienced a sharp sell-off Promote prices Less than $142. However, cryptocurrencies rebounded rapidly, showing strong buying interest and flexibility.
Sol climbed the $150 mark, showing signs of building power and momentum. This recovery shows that the market is absorbing sales pressure. If this momentum continues to move forward, SOL may gain further benefits.
Crypto Analyst Gemxbt Famous The Solana shows a triangle pattern of landing on the 1-hour chart, which is usually considered a bearish signal. As the price creates a lower high while keeping the relatively flat support zone at $145, a key level for multiple defenses, a descending triangle pattern is formed.
Although usually a bearish structure, the chart shows a rebound in this support, indicating a temporary reversal. On the plus side, boycotting close to $155 remains a crucial obstacle.
In order for SOL to confirm a sustained reversal, it needs to exceed this level of breakthrough, possibly Indicates a change in market sentiment. Further support for the idea of potential reversals, Technical indicators are being reflected Excessive sales conditions suggest that sales pressure may be exhausted, thereby increasing the possibility of short-term recovery.
Giottus crypto exchange also shared Insights on Solana’s price structure identified bullish shark harmonic patterns that appear on the 4-hour chart. He analyzed that the D-point of the Shark Mode has been consistent with the 1.618 BC Fibonacci expansion, landing at $147.
This area is considered a potential reversal zone. The presence of this harmonic mode in critical expansion, coupled with price action, suggests that a bullish reversal may be in progress. If the pattern holds, the upside target is expected to be expected at a price of $180 to $190.
Solana tests wedge resistance when bull eye breaks through
The upward movement expected by Saul seems likely. The same is true for Whales_crypto_trading Outline The Solana shows signs of a breakthrough as it approaches the upper boundary of the broad wedge-shaped structure on the 4-hour chart. Patterns often characterized by different trend lines Indicates an increase in volatility and uncertainty, but once a breakthrough occurs, tends to be before explosive price action.
SOL has consolidated under the resistance of the wedge, tightening of the price action and the quantity begins to show signs of the building, This may trigger waves The bullish momentum for targets is $215, $228, $243 and $265.
Featured images from Adobe Stock, charts from TradingView.com
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