{"id":24544,"date":"2025-04-30T15:01:49","date_gmt":"2025-04-30T15:01:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24544"},"modified":"2025-04-30T15:01:49","modified_gmt":"2025-04-30T15:01:49","slug":"tension-builds-solana-sol-on-the-verge-of-a-huge-move","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24544","title":{"rendered":"Tension Builds: Solana (SOL) on the Verge of a Huge Move?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Solana\u2019s Bollinger Bands have tightened on the 4-hour chart, a technical signal that sometimes precedes enhanced turbulence.<\/span><\/li>\n<li>Despite a mild retreat in the last few days, analysts remain bullish on SOL, with price targets ranging from $240 to over $300.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-394458\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SOL_CB-3-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Silence Before the Roar?<\/h2>\n<p><span data-preserver-spaces=\"true\">Solana\u2019s SOL has been on a slight downtrend in the past week, with its valuation slipping by 3% and currently trading at roughly $148 (per CoinGecko\u2019s data). Over the last several hours, it experienced little to no volatility, ranging from $145 to $149.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> metric<\/span><span data-preserver-spaces=\"true\">, though,<\/span><span data-preserver-spaces=\"true\"> suggests this calmness could be a precursor of a massive price action in the short term.<\/span> <span data-preserver-spaces=\"true\">The indicator in question is the Bollinger Bands, which<\/span><span data-preserver-spaces=\"true\">, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1917490512988365312\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">according<\/span><\/a><span data-preserver-spaces=\"true\"> to the popular X user Ali Martinez,<\/span><span data-preserver-spaces=\"true\"> has squeezed on SOL\u2019s four-hour chart.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Developed by John Bollinger in the 1980s, this technical tool helps traders identify when an asset may be overbought or oversold, signaling a potential trend reversal. <\/span><span data-preserver-spaces=\"true\">When the bands tighten, it typically indicates a period of low volatility, which could be imminently followed by a substantial resurgence or a considerable pullback.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This pattern has also appeared on the charts of other cryptocurrencies and, on some occasions, has been followed by a notable bull run. For example, in December last year, XRP\u2019s Bollinger Bands <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/heres-why-ripple-xrp-could-be-poised-for-a-big-price-movement\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">tightened<\/span><\/a><span data-preserver-spaces=\"true\"> significantly when the price hovered around $2.10. <\/span><span data-preserver-spaces=\"true\">Just a<\/span><span data-preserver-spaces=\"true\"> few weeks later, the asset <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-missed-new-ath-by-just-1-can-xrp-break-through-today\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">soared<\/span><\/a><span data-preserver-spaces=\"true\"> to nearly a new all-time high of approximately $3.40.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We have to <\/span><span data-preserver-spaces=\"true\">make a disclaimer<\/span><span data-preserver-spaces=\"true\"> that the squeezing bands might have played their role, but the entire cryptocurrency market was also rallying at that time. Bitcoin (BTC), for instance, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-btc-sees-new-ath-chainlink-link-explodes-15-daily-market-watch\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reached<\/span><\/a><span data-preserver-spaces=\"true\"> an ATH of just south of $110K.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Targets<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the setback on a weekly scale, SOL is up almost 20% for the month, and some analysts believe the uptick is about to continue.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Jelle <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoJelleNL\/status\/1917489106919030880\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">told<\/span><\/a><span data-preserver-spaces=\"true\"> his over 100,000 followers on X that Solana\u2019s monthly candle \u201cis not looking too shabby,\u201d indicating it might be time for another test of $240. The last time the price was trading so high was at the end of January this year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this month, BitBull also chipped in. They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/AkaBull_\/status\/1911696772461969858\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that SOL could be gearing up for a \u201cmassive move\u201d this year, which might mimic Ethereum\u2019s explosive performance in 2021. The analyst thinks the $120-$130 was an accumulation zone, setting a target of over $300.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Recall that Ethereum (ETH) traded at around $730 at the start of 2021, whereas by the end of the year, it hit an ATH of almost $5,000, representing a 560% price increase.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/tension-builds-solana-sol-on-the-verge-of-a-huge-move\/\" rel=\"nofollow\">Tension Builds: Solana (SOL) on the Verge of a Huge Move?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Solana\u2019s Bollinger Bands have tightened on the 4-hour chart, a technical signal that sometimes precedes enhanced turbulence. Despite a mild retreat in the last few days, analysts remain bullish on SOL, with price targets ranging from $240 to over $300. Silence Before the Roar? Solana\u2019s SOL has been on a slight downtrend in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24544","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24544"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24544\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}