Solana Breaks Key Resistance: What to Expect After the Hidden Bull Divergence

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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. 

Source: Javon Marks (X)

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.

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