Solana on the Verge of a Breakout: Analysts Show Symmetrical Triangle Pattern Potential Upside to IDR2.48 Million

Jakarta, Pintu News – The cryptocurrency market is currently in a quiet phase with most major assets moving in a flat pattern. One of them is Solana (SOL), which in the last two weeks has been trading in a narrow range between $120 to $140 or around Rp1,956,000 to Rp2,282,000. Nonetheless, some analysts predict that Solana is preparing for a major breakout.

Solana and the Chance of a Return to Rp2.44 Million

Popular crypto analyst under the pseudonym Satoshi Flipper expressed an optimistic view on Solana’s price movement in the short term. In a social media post on March 22, 2025, he pointed out that SOL is forming a symmetrical triangle pattern on the 4-hour chart, which is a common technical signal ahead of a major price movement.

A symmetrical triangle pattern is usually formed from a descending upper trendline and a rising lower trendline, reflecting pressure from both sides of the market. The price will continue to narrow until it reaches anapex, which may then lead to an upward breakout or a downward breakdown. According to Satoshi Flipper, if Solana is able to break the upper trend line at around $132 (US$2,151,600), then there is potential for a significant price spike.

Read More: Solana (SOL) Price Movement Faces Important Barriers and Supports March 2025

Target Price Calculation: Toward IDR2.48 Million?

In technical analysis, the breakout target of a symmetrical triangle pattern is calculated based on the length of the widest side of the triangle added to the breakout point. Based on this approach, Solana’s price has the potential to go up to $152 or about IDR2,487,600 if there is a valid breakout above $132 (IDR2,151,600).

This increase represents a jump of about 20% from the current price. This suggests that if market sentiment improves, SOL could be one of the altcoins leading the price rally in the crypto market in the near future. However, as always in technical patterns, the direction of the breakout cannot be 100% certain, as the symmetrical triangle could also end in a price drop if it is unable to break the resistance.

Current Price and Market Position of Solana

At the time of writing, Solana is trading at around $130 or about Rp2,119,000. This price reflects a gain of more than 2% in the last 24 hours. Although this movement is relatively small, it could be the start of an accumulation phase before a big move.

Currently, Solana ranks as the sixth largest crypto asset by market capitalization. With an ever-evolving ecosystem and increasing use of decentralized applications on its network, many market participants are monitoring SOL as a strategic asset in their crypto portfolios.

Importance of Confirmation and Risk of Breakdown

Although the technical outlook looks positive, it is important for investors to wait for confirmation of a breakout above $132 (IDR2,151,600) before making an investment decision. If the price fails to break this level and instead breaks below the support trend line, the symmetrical triangle pattern could turn into a bearish signal causing a price correction.

Investors are advised to keep an eye on trading volume as a supporting indicator. Breakouts supported by volume spikes are generally more reliable than moves that occur on low volume. With the crypto market still volatile, a cautious approach is recommended.

Conclusion

Solana is currently showing an interesting technical pattern with a potential breakout to the upside if the price is able to break the resistance at IDR2.15 million. With a possible target of up to IDR2.48 million, this crypto asset has the potential to be one that records significant gains in the near future. Even so, it is important for investors to keep a close eye on market movements and not just rely on one technical indicator.

Read More: Chainlink (LINK) Tests Critical Support, Potential Price Recovery on Investors’ Eyes

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. Solana Price On Verge Of Big Breakout – Here’s The Target. Accessed March 24, 2025.
• Featured Image: Data Wallet