- Solana (SOL) has jumped 6% today and 12% this week, forming a textbook harmonic ABCD pattern on the daily chart that typically signals bullish continuation.
- The ABCD pattern could drive SOL toward the 1.50 Fibonacci extension target of $218.43, representing a potential 26% gain from current levels around $172.47.
- SOL must hold above the 200-day moving average at $152.69 to confirm the bullish pattern and validate the ongoing harmonic structure.
- The broader crypto market remains strongly bullish with Ethereum up 6% daily approaching $3,300, supporting positive sentiment for major altcoins like Solana.
Date: Wed, July 16, 2025 | 05:40 PM GMT
The cryptocurrency market remains strongly bullish, with Ethereum (ETH) maintaining its impressive upside momentum—posting a 6% daily gain and now approaching the $3,300 mark. This bullishness is spilling over into major altcoins, and Solana (SOL) is now emerging as a coin to watch.
SOL has jumped 6% today, extending its weekly gains to 12%, but what’s catching even more attention now is the formation of a textbook harmonic ABCD pattern on the daily chart — a technical structure often used to predict trend continuations.
Harmonic Pattern Hints at Bullish Continuation
Looking at the daily timeframe, SOL is forming a Bearish ABCD harmonic pattern, which despite its name, typically predicts bullish continuation during its CD leg. The pattern began in April from point A at $95.26, followed by a rally to point B, then a pullback to point C near $126.29 in late June.
Since establishing point C, Solana has reversed with strength, climbing to around $172.47. If the ABCD pattern plays out fully, the final leg — from point C to point D — could see price heading toward the 1.50 Fibonacci extension, which aligns with a target near $218.43.
What’s Next for SOL?
If this bullish setup unfolds as expected, Solana could gain another 26%, reaching the Potential Reversal Zone (PRZ) at $218.43 — a region that mirrors the AB leg in length, per harmonic theory. This area may act as final resistance, where some traders could start locking in profits.
To confirm the pattern, SOL must continue to hold above the 200-day moving average at around $152.69, which now acts as a key support level. A sustained move above this line will reinforce the bullish momentum and help validate the ongoing harmonic structure.
With broader crypto sentiment still favoring upside and SOL forming a well-defined harmonic pattern, this altcoin remains one of the top technical setups to watch in the coming sessions.
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