Solana ($SOL ) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move.
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 23% over the past week and is now trading above $3,750. This surge in market sentiment is spilling over into major altcoins — and Solana (SOL) is showing signs of further upside.
SOL has posted a 3.4% gain in the last 24 hours, extending its monthly rally to 31%. But beyond the numbers, a harmonic pattern forming on the daily chart suggests the token may have even more room to run.
What’s Next for SOL?
If this pattern completes, the Potential Reversal Zone (PRZ) lies between $272 and $295. These levels correspond to the 0.886 and 1.0 Fibonacci extensions, which are standard completion points for the Bat formation. From current prices, a move into this range would represent an impressive up to 57% rally.
However, to keep this bullish scenario intact, SOL must continue holding above its 200-day moving average (MA) near $163.44. A retest of this level is possible, but defending it as support would help sustain the ongoing momentum.
With bullish market sentiment and SOL’s technical structure aligning, the token could be on track for another significant leg up in the weeks ahead.
This article is for informational purposes only and not financial advice.