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- Hidden Bull Divergence could push Solana’s price beyond $233.8, targeting $270.
- RSI confirms a potential 252% price increase to $457.97.
- Solana’s positive outlook supports further growth, with a potential move into the $300 range.
Mid-March marked a pivotal moment for Solana (SOL), as it confirmed a Hidden Bull Divergence pattern. This technical development signals a recovery trajectory for the cryptocurrency, indicating that the price could rise by more than 107%. The price target now stands above $233.8, which, if surpassed, could open the door for a move toward $270. Such a move would represent a substantial rebound in the market.
What the Chart Reveals: Price Targets and Projections
According to an analysis prepared by Javon Marks, Solana initially shows a significant downtrend followed by a recovery phase. The price forms a consolidation pattern, approaching a critical support level. The Relative Strength Index (RSI) confirms a divergence between the price action and momentum.
The price reaches key resistance levels near $280, with a potential upside towards $350, as indicated by the chart’s target ranges. The chart suggests that the asset could face a short-term pullback before possibly resuming an upward trend. The RSI’s lower peaks imply weakening bullish momentum in recent movements.
The Hidden Bull Divergence confirms a strong possibility of price recovery for Solana. Should the price rise above the $233.8 mark, the next potential level is $270. This level holds particular significance as it sets the stage for the possibility of a further increase to $457.97. A movement towards this price would represent a remarkable 252% increase from current levels.
Further Upside Potential for $SOL
If Solana reaches and maintains the $270 range, it could provide the momentum needed to push its value into the $300s. The Hidden Bull Divergence pattern offers strong support for this outlook, as it indicates that upward momentum is building in the market. Solana’s price action suggests a positive outlook in the near future.
The Hidden Bull Divergence confirmation indicates market strength along with the possibility of a $457.97 price movement. A successful breaking of the $233.8 resistance level would unlock substantial growth potential for Solana that would target $270 as its initial stop.
