Solana Could Dominate the Market Next Month, According to Top Analysts

According to the chart shared by veteran trader Josh Olszewicz on Sunday, the daily price action of the SOL/BTC pair is starting to show a completely different picture compared to the dominance in the first quarter. The one-day chart establishes an inverted head and shoulders pattern (iHS) as outlined in textbooks that has formed since the beginning of March and is currently approaching the neckline at around 0.00162 BTC. At the time of the screenshot, SOL was quoted at 0.001588 BTC. With bitcoin trading at nearly $94,765, that places Solana at around $150 per coin.

The anatomy of this model is hard to overlook: the low on March 19 at 0.00127 BTC (120 dollars) forms the head, surrounded by higher oscillating lows on the left shoulder on September 30 1928374656574839201. The left shoulder is currently in the process of forming. The horizontal neckline aligned with the floor at the end of December was broken in February, converting a solid support level into a solid resistance level. Measuring from the head to the neckline, the amplitude is approximately 0.00033 BTC; a clear breakout would imply a technical target of nearly 0.00195 BTC—a conveniently positioned lower boundary of the far edge of the Kumo cloud. Solana Bulls have a target The chart is overlaid with the long-term Ichimoku configuration )20/60/120/30(. At the most recent closing level, Tenkan-sen is at 0.00150 BTC, Kijun-sen is exactly on the neckline at 0.00162 BTC, and Senkou Span A is at 0.001742 BTC while Span B is held higher at 0.002159 BTC. The cloud itself remains bearish—thick, red, and high up—but the span difference is beginning to narrow, signaling that the downward momentum is weakening. A decisive push into Kumo would trigger Ichimoku trading from one edge to the other, targeting Span B at around 0.00216 BTC )about $205(. The price increase setup occurred just two months after the market completed the reflection of the same pattern. From mid-December to early February, SOL/BTC formed a prominent head and shoulders pattern, losing the neckline in early February and landing directly into the iHs of March. The downward and upward symmetry adds further weight to the current pattern by demonstrating how faithfully this currency pair has respected classical geometry over the past six months. "1D SOL/BTC – iHS + E2E at some point but not soon, possibly by the end of May," Olszewicz wrote on X. The analyst's caution reflects the reality that prices are still below both the neckline and Kijun-sen, and Kumo does not significantly thin out until the last week of May. An early breakout attempt risks being rejected on the final right shoulder retest near 0.00151 BTC )143 dollars(, which is also where Tenkan-sen is currently residing. Notably, the Chikou Span ) lagging line ( remains below the price and the cloud, emphasizing that the trend is still awaiting confirmation; therefore, both pure Ichimoku adherents and pattern traders may agree that 0.00162 BTC is the threshold that the Solana bulls must decisively flip. If the target from this edge to that edge is achieved, SOL will increase by about 26% compared to Bitcoin from the current level and regain the price last seen in early February. If the neckline is rejected once again, the bearish defense will be very weak until there are two shoulders at the level of 0.00145–0.00148 BTC; breaking that threshold will invalidate the bullish argument and reopen the March low. Currently, the market is satisfied with rolling under resistance while the clock ticks towards the inflection point of the cloud. Whether Olszewicz's late May schedule proves to be predictive will depend on Bitcoin's own trajectory and the broader risk environment, but the price structure on the Solana/Bitcoin chart is very clear: after a harsh winter, the bulls finally have a pattern worth protecting.