Date: Mon, July 21, 2025 | 03:56 AM GMT
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 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.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, SOL is tracing a Bearish Bat harmonic pattern — a structure closely followed by technical traders. Despite the “bearish” name, the CD leg of this pattern typically signals a bullish continuation, with price accelerating toward the final target zone before any chance of reversal.
The pattern starts at point X near $295.00, drops to point A, rallies to point B, and then corrects to point C near $126.07. Since that low, SOL has staged a strong rebound and now trades around $186.61, steadily advancing along the CD leg toward its projected Point D.
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.
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