$SOL surge alert: Why traders should brace for a 25% hike - AMBCrypto Analytics

Amid the bearish market sentiment, Solana [SOL] appears poised for a massive upside rally due to its bullish price action pattern and strong on-chain metrics. In the past few days, despite a notable price decline across the cryptocurrency market, SOL has been consolidating near a crucial support level of $125. Based on expert technical analysis, SOL appeared bullish at press time. Its Relative Strength Index (RSI) has formed a bullish divergence that signals a potential trend reversal from a downtrend to an uptrend.

This divergence occurs when the asset’s price continues to form lower lows, while the technical indicator forms higher lows during the same period.Based on the historical price momentum, whenever SOL reaches its current support level, it tends to experience a massive price surge. This time, with bullish price action there is a high possibility that SOL price could soar by 25% to the $160 level.