Is Solana (SOL) Gearing Up For Major Rally? This Fractal Says Yes!
By: coinsprobe|2025/05/03 09:30:01
0
Share
Date: Sat, May 03, 2025 | 09:05 AM GMTAfter a rough start to 2025 — where even Ethereum (ETH) tanked by 45% in Q1 — the crypto market is finally flashing signs of life. ETH has already rebounded over 30% from its April 7 low, and that renewed bullish momentum is starting to spill over into other major altcoins.Among them, Solana (SOL) is quietly building what might become its next explosive move.After plunging in Q1, SOL has surged 24% over the past 30 days, narrowing its year-to-date loss to 21%. But beyond just a short-term bounce, a striking fractal pattern is now forming on the chart — and it could hint at what comes next.Source: CoinmarketcapSOL Mirrors BTC’s Past SetupAs highlighted in a recent analysis by @inmortalcrypto, Solana appears to be mimicking Bitcoin’s exact price structure from early 2024. /* Center the image */ .image-container { text-align: center; margin: 20px 0; } /* Ensure image is large in the post */ .image-container img { width: 100%; max-width: 940px; height: auto; cursor: pointer; /* Change cursor to indicate clickability */ transition: opacity 0.3s; } /* Hover effect to indicate interactivity */ .image-container img:hover { opacity: 0.8; } /* Main image caption */ .image-caption { font-size: 14px; color: #555; margin-top: 5px; } /* Full-view hint caption */ .click-hint { font-size: 14px; color: #007bff; /* Blue color for emphasis */ cursor: pointer; text-decoration: underline; margin-top: 3px; } BTC and SOL Fractal Chart/Source: @inmortalcrypto (X) Back then, Bitcoin faced repeated rejections from an ascending resistance trendline, followed by a sharp fakeout breakdown (blue shaded area) that took it to a low of $38,500. But what came next was impressive: a massive bounce that led BTC to rally more than 90% to $73,000 within just a few months.On the right side of the chart, SOL is following an eerily similar path — multiple rejections from a trendline, a fakeout low at $97.39, and now a recovery to around $148.What’s Ahead?If SOL continues to track Bitcoin’s fractal closely, it could be on the verge of a major breakout — possibly sending its price as high as $500 in the coming months. That would represent a 237% gain from current levels, marking one of the strongest altcoin moves of 2025.While fractals don’t guarantee outcomes, they often offer insight into market psychology and repeating patterns. And this setup suggests bulls may be loading up before the next leg higher.For traders and long-term investors, this is one chart worth watching closely.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
You may also like
Venezuela entrusts taxes to 'cryptocurrency expert' - is USDT under scrutiny?
US Power Grid Issues Red Alert Amid Heatwave, Is Bitcoin Mining the Scapegoat?
Central Banks, Parliaments, and Atlantic Players at the Euro Stablecoin Table
What are tokenized stocks? How equities are moving on-chain, explained
Zcash Co-founder Wants More Than 21 Million Bitcoins
Bankers Filed Suspicious Activity Report Over Farage's £5M Gift From Tether Billionaire
Analysis: Bitcoin May Enter a Phase of Bottoming Out, Selling Does Not Trigger Panic
BNB Chain builds new Layer 1 for agentic trading, targets 2027 mainnet
Witnesses of South Korea's 'Golden Era': Foreign Capital Profits, Retail Investors Take Over
The Quality of Currency Depends on the Credibility of Its Issuer
How Cryptocurrency Payments Work in Businesses
Is the Storage Cycle Peaking? Here’s a 'Fundamental Psychological Massage' from Bank of America
Upbit operator Dunamu wins bid for South Korea police crypto custody contract
ADI's Hidden Victory: From World Cup Entry to Traditional Financial Ecosystem
Bitcoin is not a stock, nor a company, but a monetary asset
What Are the Best Metals for Investment Besides Gold?
Odaily Editorial Team Tea Talk (July 8)
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
Venezuela entrusts taxes to 'cryptocurrency expert' - is USDT under scrutiny?
US Power Grid Issues Red Alert Amid Heatwave, Is Bitcoin Mining the Scapegoat?
Central Banks, Parliaments, and Atlantic Players at the Euro Stablecoin Table
What are tokenized stocks? How equities are moving on-chain, explained
Zcash Co-founder Wants More Than 21 Million Bitcoins
Bankers Filed Suspicious Activity Report Over Farage's £5M Gift From Tether Billionaire
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




