🚀 Solana Ready to Explode — Volatility Squeeze Signals Imminent Breakout!

As price action tightens, Solana (SOL) may breakthrough on the 15-minute chart. Market players expect guidance after this volatility squeeze. The breakout pattern, with highs and lows converging, suggests pressure is developing under the surface during consolidation.

SOL has risen beyond $150, indicating strength and momentum. This rebound implies the market is absorbing selling pressure. SOL may rise more if this trend continues.

A falling triangle pattern has developed as the price makes lower highs while maintaining a somewhat flat support zone around $145, a significant level that has been defended numerous times.

The chart bounced off this support, indicating a brief turnaround despite the bearish pattern. Resistance at $155 is key on the upswing.

A breakthrough over this level might suggest a market mood change for SOL to confirm a prolonged turnaround. Technical indicators show oversold conditions, suggesting the selling pressure may be spent, raising the chance of a short-term rebound.

Giottus Crypto Exchange also saw a bullish Shark harmonic pattern on the 4-hour Solana price chart. His analysis shows that Point D of the Shark pattern corresponded with the 1.618 BC Fibonacci extension at $147.

A reversal zone may exist here. Price activity and this harmonic pattern at a significant extension suggest a bullish reversal. If the pattern sustains, $180–$190 upside objectives are expected.

Whales_Crypto_Trading also notes that Solana is approaching the top border of an expanding wedge formation on the 4-hour chart, indicating a breakout. Diverging trendlines imply instability and uncertainty, but they can predict dramatic price activity after a breakout.

SOL is consolidating under the wedge's resistance, with price action tightening and volume growing, which might spur bullish momentum into $215, $228, $243, and $265.