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- Solana confirms a Hidden Bull Divergence, signaling a strong recovery with a potential surge beyond $270.
- The market structure supports SOL’s bullish momentum, with key resistance at $233.80 and a target of $457.97.
- Solana's price rose 6.56% in 24 hours, reaching $133.15, with trading volume surging to $3.23 billion.
Solana has confirmed another Hidden Bull Divergence pattern, indicating a strong recovery move. The latest technical formation suggests a price increase of over 107%, pushing SOL back into the $270 range. This development places SOL above the $233.80 target, setting the stage for further gains.
Price Targets Indicate a Potential Breakout
With SOL now above $233.80, the next resistance level at $457.97 becomes a key target. This price movement leaves room for an additional 93% increase. If momentum continues, the total upside potential reaches over 252% from current levels. The confirmation of the Hidden Bull Divergence pattern reinforces the possibility of this move.
According to Javon Marks's analysis, it is notable that after an uptrend, the price formed a support level before a decline. The RSI at the bottom shows a downward trend, indicating weaker momentum. The observation marks two potential resistance levels at $132.89 and $167.27. The current price is near the support zone, which previously acted as a base before upward movements.
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Technical indicators confirm a bullish trend following the recent price action. The divergence pattern aligns with historical movements, which previously led to significant breakouts. With SOL reclaiming key levels.
Market Conditions Favor Bullish Continuation
The current market structure supports SOL’s bullish outlook, with liquidity building at higher price levels. If momentum sustains, the probability of reaching $457.97 increases. The market response to these technical signals will determine whether SOL continues its recovery path.
According to CoinMarketCap data at the time of press, Solana's price reached $133.15, reflecting a 6.56% increase in 24 hours. The market cap stood at $67.87 billion, rising 6.70%. Trading volume reached $3.23 billion, marking a 23.57% surge.
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The fully diluted valuation totaled $79.29 billion. Circulating supply stood at 509.7 million SOL, with a total supply of 596.18 million SOL. The price chart showed consistent upward movement, peaking near $136 before stabilizing around $133.
