🚀 Solana ($SOL ) Gearing Up for a Major Move — Volatility Squeeze Signals Breakout Ahead💥
Solana’s price is tightening on the 15-minute chart, signaling a classic volatility squeeze — often the calm before a major breakout. With the price climbing past $150, momentum is building, and the market appears to be absorbing selling pressure.
A descending triangle has formed, with lower highs converging toward a solid support zone near $145 — a level that's held strong multiple times. A bounce from this base shows signs of a short-term reversal, despite the bearish structure.
All eyes are now on the $155 resistance level. A clear break above it could mark a shift in market sentiment, potentially triggering a more extended rally.
Technical indicators suggest SOL is in oversold territory — meaning the selling could be exhausted. Adding to the bullish case, Giottus Crypto Exchange spotted a Shark harmonic pattern on the 4-hour chart, with Point D aligning at the 1.618 Fibonacci extension ($147), hinting at a potential reversal zone. If this holds, upside targets of $180–$190 could be on the table.
Meanwhile, Whales_Crypto_Trading highlights SOL’s approach to the top of an expanding wedge pattern, indicating heightened volatility. As price consolidates near wedge resistance with growing volume, a breakout could push SOL toward $215, $228, $243, or even $265.
Get ready — Solana might be on the brink of a major run. 🌊🔥
