Solana (SOL) on the Verge of a Huge Move?

Tl; DR

• The Bollinger de Solana bands were tightened on the 4 -hour table, a technical signal which sometimes precedes improved turbulence.
• Despite a slight retirement in recent days, analysts remain optimistic on soil, with price targets ranging from $ 240 to more than $ 300.

Silence before roaring?

Solana's soil was on a slight downward trend last week, with its recovery of 3% and currently negotiating at around $ 148 (according to Coingecko data). In the past hours, he has experienced little or no volatility, ranging from $ 145 to $ 149.

A important metricHowever, suggests that this calm could be a precursor to a massive short -term price action. The indicator in question is the Bollinger bands, which,, according to to the popular user x Ali Martinez, tightened on the four -hour floor table.

Developed by John Bollinger in the 1980s, this technical tool helps traders to identify when an asset can be exaggerated or exceeded, signaling a potential trend reversal. When the bands are tightening, this generally indicates a period of low volatility, which could be imminent followed by substantial resurgence or considerable withdrawal.

This model also appeared on the graphics of other cryptocurrencies and, on certain occasions, was followed by a notable bull race. For example, in December of last year, XRP Bollinger groups tight Significantly when the price oscillated around $ 2.10. Just one A few weeks later, the assets engendered Almost a new summit of all time of about $ 3.40.

We owe Make a non-responsibility clause That compression groups could have played their role, but the entire cryptocurrency market was also gathered at the time. Bitcoin (BTC), for example, reached An ATH just south of $ 110,000.

Price targets

Despite the reverse on a weekly scale, Sol has increased by almost 20% for the month, and some analysts think that the increase is about to continue.

Embarrassed said Its more than 100,000 subscribers on X that Solana's monthly candle “does not seem too shabby”, indicating that it could be time for another $ 240 test. The last time the price was so high was at the end of January this year.

Earlier this month, Bitbull also participated. They assumed This soil could prepare for a “massive decision” this year, which could imitate the explosive performance of Ethereum in 2021. The analyst thinks that the $ 120 at $ 130 were an accumulation area, setting a target of more than $ 300.

Recall that Ethereum (ETH) exchanged $ 730 at the start of 2021, while at the end of the year, he reached an ATH of almost $ 5,000, which represents a price increase of 560%.