Cryptocurrency Solana (SOL) displays positive signs of recovery after a deep drop, establishing new support and resistance levels.
Recovery and Support Levels
Solana is trading at $179.75 after a 3.79% gain over the past week. The rebound from the $150 support level suggests potential to reach $196.22, $238.80, and even $300.
Hidden Divergence Fuels Recovery
Technical indicators highlight a hidden bullish divergence that formed in late 2024, while the price held steady amid downward momentum. This signals underlying bullish strength. The recent green candlestick on May 14, 2025, supports this thesis.
Symmetrical Pattern Signals Possible Breakout
SOL’s price has respected a large symmetrical triangle pattern since late 2023. Recent bullish candlestick formations indicate growing investor confidence, and higher trading volumes during trend shifts validate ongoing recovery.
Solana continues to show a bullish trend, and should the $150 support hold, reaching the psychological level of $300 and beyond is feasible. Long-term projections may even place $450 in view with continued accumulation.
