The cryptocurrency market experienced a strong rally in Q2 2025, but a noticeable correction began in late May, affecting Solana as well.
Solana's Drop After Growth
After a more than 25% increase and reaching nearly $187 on May 23, Solana dropped to $150, marking a 9% pullback from its local peak.
Harmonic Pattern and Its Significance
A potential Bullish Cypher Harmonic Pattern is forming on the 4-hour chart of Solana, which may indicate a trend reversal or at least a significant bounce. The current price levels around $154-$155 are crucial for confirming this pattern.
Future of Solana: What’s Next?
The immediate outlook for Solana depends on how the market reacts to the $154-$150 support zone. A sustained hold above these levels may validate the pattern and restore bullish sentiment, while a failure to do so could lead to further declines toward $140.
In summary, Solana stands at a critical juncture, and current price actions will determine its future market prospects.
