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

Date: Thu, Aug 28, 2025 | 05:30 AM GMT The cryptocurrency market is staging a notable comeback from recent volatility. Ethereum (ETH) briefly dipped to $4,320 before rebounding to around $4,575, lifting sentiment across the major altcoins, including Solana (SOL). Today, $SOL flipped green, and its latest chart structure suggests that more upside may be on the way.

Source: Coinmarketcap Harmonic Pattern Hints at Potential Bounce On the daily chart, SOL is currently developing a Bearish ABCD harmonic pattern. Despite the bearish classification, these setups often produce a bullish CD-leg continuation before the market reaches its final Potential Reversal Zone (PRZ). The move began with a strong rally from Point A near $126.76 to Point B around $213, followed by a healthy retracement into Point C at $155.82, where buyers aggressively re-entered. Since then, SOL has bounced back sharply and is now trading at approximately $211, indicating that the CD-leg extension is in full swing.

Solana (SOL) Daily Chart/Coinsprobe (Source: Tradingview) If the pattern unfolds according to the traditional ABCD framework, the CD-leg could stretch toward the 1.58 Fibonacci projection of the BC leg, which places the PRZ near $236.01 — about +10% higher from current levels. What’s Next for SOL? If bullish momentum continues, SOL could climb toward the $236.01 resistance zone. This area is expected to act as a significant profit-taking and potential reversal level, so traders should be prepared for possible short-term pullbacks upon arrival. Overall, the harmonic setup points to further upside potential in the short term, with $236.01 standing as the next key target for traders to watch. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.