4 SOL Signals to $110? Price at $84 as crypto market panics

Jakarta, Pintu News – The crypto market is in a state of panic after a sharp correction dragged down major cryptocurrency assets such as Bitcoin and Ethereum . In the midst of this pressure, Solana is considered to be showing interesting technical signals by analysts who have previously been known to accurately predict the peak of the BTC price. With prices hovering around $84 or around Rp1,416,324 (exchange rate 1 USD = Rp16,861), SOL is said to have the potential to test higher levels if the technical scenario is confirmed.

1. Bullish Divergence on the 4 Hour Chart

Analysts under the pseudonym Bluntz highlighted a bullish divergence on the Solana (SOL) 4-hour chart. This pattern occurs when the price forms a lower low, while indicators such as the Relative Strength Index (RSI) form a higher low. In technical analysis, this is often considered an early signal of a potential trend reversal from bearish to bullish.

Bluntz thinks that this divergence could develop to the daily timeframe if the selling pressure subsides. If confirmation occurs, then the chances of a change in trend structure become greater. In the context of the sentiment-sensitive crypto market, this kind of signal is often a concern for short-term traders and swing traders.

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2. The $70-$80 area is an accumulation zone

According to the analysis, the SOL price correction to the range of $70-$80 or around Rp1,180,270-Rp1,348,880 was utilized as an accumulation phase. This means that some market participants actually increase their holdings when prices fall, rather than panic selling. This pattern is common in cryptocurrency assets that still have strong fundamentals in the eyes of investors.

Bluntz argues that the selling pressure reflects short-term panic rather than a major trend change. He also highlighted that panic increased when prices began to recover, not during the sharp correction that occurred two weeks earlier. This phenomenon demonstrates the role of market psychology in shaping crypto price movements.

3. Elliott Wave Projection: $110 Test Target

In his approach, Bluntz uses Elliott Wave Theory to read Solana’s (SOL) price structure. According to this theory, after completing a three-wave correction (ABC), bullish assets have the potential to continue rising in new five waves. Based on the 4-hour chart, he expects SOL to complete the correction phase and prepare to retest the $110 area.

The $110 level is equivalent to around Rp1,854,710 and is an important psychological resistance. If the price is able to break the area with supporting volume, the potential for continuation of the uptrend will be more open. But as long as there is no confirmation of a breakout, the current movement is still classified as a consolidation phase under broader market pressure.

4. Risks Remain Amid Crypto Volatility

Despite the positive technical signals, SOL prices are still down about 4.5% in the last 24 hours while hovering around $84. This pressure shows that the cryptocurrency market in general is still in a volatile phase. Price movements are heavily influenced by global sentiment, liquidity, and fund flows into risky assets.

For you, it’s important to understand that technical analysis is a probability, not a certainty. Bullish divergence signals and accumulation patterns can be early indications, but still require confirmation of volume and trend structure. In a volatile crypto market, risk management remains a key factor before making investment decisions.

Conclusion

Solana (SOL) is currently at a crucial point amidst the crypto market panic. A combination of bullish divergence, indications of accumulation in the $70-$80 area, and Elliott Wave projections towards $110 are the basis for some analysts’ optimism. However, technical confirmation and stabilization of market sentiment remain to determine the next direction.

If momentum turns positive, SOL could potentially be one of the faster recovering cryptocurrencies. Conversely, without volume and sentiment support, short-term pressure could still continue.

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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 beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Daily Hodl Staff. Trader Who Called Bitcoin Top Sees Solana Flashing Multiple Bullish Signals Amid Despair in Crypto. Accessed March 3, 2026.