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Solana (SOL) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move

Solana (SOL) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move

CoinsProbeCoinsProbe2025/08/06 22:40
By:Nilesh Hembade

Date: Tue, Aug 05, 2025 | 06:58 AM GMT

The cryptocurrency market is staging a mild recovery after the recent sharp decline, with Ethereum (ETH) bouncing to $3,650 from its recent low of $3,357. Following this, several altcoins have joined the rebound — including Solana (SOL).

SOL is back in the green today with a 3% daily gain, extending its monthly rally to 13%. Its latest chart now reveals a key harmonic setup that could point toward more upside in the near term.

Solana (SOL) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Bounce

On the daily chart, SOL is forming a Bearish ABCD harmonic pattern — a structure that, despite its name, often features a bullish CD-leg before reaching the final Potential Reversal Zone (PRZ).

The move began with a rally from Point A near $145.35 to Point B, followed by a retracement to Point C around $155.91, where buyers stepped back in. Since then, SOL has climbed to around $167.39, suggesting the CD leg is underway.

Solana (SOL) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move image 1 Solana (SOL) Daily Chart/Coinsprobe (Source: Tradingview)

If the pattern plays out according to the traditional ABCD framework, the CD leg could extend to the 1.20 Fibonacci projection of the BC leg, putting the PRZ around $216.56 — about 28% higher from current prices.

What’s Next for SOL?

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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