Date: Wed, June 11, 2025 | 08:04 AM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 53% in Q2, ETH is now trading near $2,800, having recently touched a high not seen since February. The momentum is sparking interest across the major altcoins including Solana (SOL).
SOL is currently up by over 5% today and showing strong signs of a bullish continuation. More importantly, its chart is flashing a potentially powerful “Power of 3” pattern, hinting at a major move on the horizon.
Power of 3 Pattern in Play
On the 4-hour chart, SOL appears to be following the widely recognized Power of 3 market structure — a concept often associated with smart money trading strategies. This structure is divided into three phases:
Accumulation Phase: Between May 9 and May 30, SOL consolidated within a narrow sideways range between $159 and $184. This low-volatility zone is typically where institutional players accumulate positions, often before initiating a bigger move.
Manipulation Phase: On May 30, SOL suddenly broke below the accumulation zone, dropping to a low of around $141. This sharp move likely triggered retail stop-losses and created short-term panic — a textbook manipulation phase that shakes out weaker hands.
Expansion Phase: However, shortly after that drop, SOL bounced back sharply and reclaimed the $159 level. The bounce marked the start of the Expansion Phase, where price aggressively moves in the true direction of the underlying trend. SOL is now revisiting the $184 resistance, which was once the top of the accumulation zone.
What’s Next for SOL?
If SOL flips the $184 resistance into support, it would confirm a clean breakout from the Power of 3 structure. This could spark a strong continuation rally.
According to technical projections derived from this setup, the next major target lies at $227, which represents a potential 36% upside from the breakout point. This level could act as a magnet for price action if bullish momentum continues and Bitcoin remains stable.
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