Date: Thu, Sept 11, 2025 | 12:58 PM GMT
The cryptocurrency market is showing strength amid the anticipated potential US Federal Reserve rate cuts, with Ethereum (ETH) holding firm at $4,400. Following this resilience, several major altcoins are starting to flash bullish setups — including Solana (SOL).
SOL has turned green with an impressive 8% gain over the past week. More importantly, its price chart is showing a key harmonic structure that may be hinting at a larger upside move in the coming weeks.
Harmonic Pattern Hints at Bullish Continuation
On the weekly timeframe, SOL is shaping a Bearish Bat harmonic pattern — a formation that, despite its bearish name, often results in strong rallies during the CD leg, which is the final and most powerful phase of the setup.
The structure began at Point X near $293.43, corrected sharply to Point A, bounced to Point B, and retraced further down to Point C around $125.77. From that low, SOL has staged a strong rebound and is now trading near $226.29, steadily climbing along the CD leg toward its projected completion at Point D.
This CD leg is typically where bullish momentum accelerates, and SOL’s current price action suggests the next upward move could be significant.
What’s Next for SOL?
If the pattern continues to unfold, SOL could rally toward the Potential Reversal Zone (PRZ) between $271.68 and $294.43, which aligns with the 0.886 and 1.0 Fibonacci extensions. These levels are standard completion points for this harmonic structure and represent the next key upside targets.
From current levels, this would imply a potential 29% rally. While short-term pullbacks are possible, the broader setup remains supportive of further upside.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.