Solana Rally Signals New ATH Push to $275–$300
Solana (SOL) has reclaimed the $200 level as bullish momentum builds for a potential surge to new all-time highs. On-chain expert Darkfost of CryptoQuant highlights upward-sloping 21- and 50-day EMAs above the 200-day EMA and an RSI holding above 50% on daily charts. Two key patterns—a Broadening Megaphone structure targeting $300 and a Harmonic BAT pattern aiming for $275—suggest a breakout is imminent. A verified daily close above $210 may trigger the next bullish wave, with objectives between $250 and $300. Weekly charts confirm this strength, showing rising 21- and 50-week EMAs, a weekly RSI above 50%, and the emergence of the harmonic BAT pattern. Despite trailing Ethereum (ETH), SOL’s technical indicators point to ample room for growth. Traders should monitor key levels at $210, $275, and $300 to gauge Solana’s next move.
Bullish
Solana’s market structures and on-chain metrics exhibit strong bullish signals, akin to past rallies preceding new highs. The upward-sloping 21- and 50-day EMAs above the 200-day EMA and RSI firmly above 50% reflect growing buying pressure. The presence of a Broadening Megaphone targeting $300 and a Harmonic BAT pattern pointing to $275 mirrors technical setups that historically have led to significant breakouts. Confirmation of a daily close above $210 would likely trigger a parabolic wave, with targets at $250–$300, similar to previous SOL surges. Weekly indicators reinforce this outlook, as reclaiming key EMAs and an emerging weekly BAT pattern suggest medium-term strength. Traders observing comparable historical events—such as Ethereum’s pattern-driven rallies—could anticipate a strong upward move for SOL. Therefore, the cumulative technical evidence supports a bullish market impact for Solana in both the short and long term.