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.

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.

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.