defi ·
'Every SOL Holder Needs to See This Chart:' Major Price Move Incoming?
Solana's native token has declined significantly over the past month and is now consolidating just above $100.
Some analysts think the asset is now at a pivotal moment and can't predict the actual direction of the next big move. Others are clearly bullish, anticipating the price will explode soon. The Bullish Perspective Popular X user Merlijn The Trader shared a chart that "every SOL holder needs to see."
He believes SOL is printing a textbook head-and-shoulders pattern on the weekly frame, which could open the door to a major increase toward $210. When asked whether he is waiting for further signals, the analyst said he has already accumulated SOL at around $88. Just a few days ago, X user Sweep spotted the same formation, suggesting the asset is poised for heightened volatility and could eventually rise to about $200.
He believes SOL is gearing up for a massive run after two years of accumulation, a shakeout to $60, and a recent reclaim of "the old range floor" near $100. "The next major expansion could send SOL toward $500," he predicted. Crypto Tice is bullish as well, albeit making a more modest forecast.
Reported by cryptopotato.com.
