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CATEGORY: solana ath


Solana Multi-Year Uptrend Holds Strong  Analyst Sees SOL Breaking ATH This Year

Author: Sebastian Villafuerte
United Kingdom
May 22, 2025 12:10

Solana Multi-Year Uptrend Holds Strong Analyst Sees SOL Breaking ATH This Year

Solana is trading at a critical level as the broader crypto market consolidates below key resistance zones. After an impressive 90% surge since early April, SOL has experienced a modest pullback, sparking speculation that this may be the final dip before a significant move higher. While many assets are struggling to maintain momentum, Solana has shown remarkable strength and resilience, bolstering bullish expectations. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest Top analyst Cas Abbe shared a technical view suggesting that the long-term bullish structure for Solana remains firmly intact. According to Abbe, last months retest of the multi-year trendline marked a pivotal moment for the asset, reinforcing support and resetting sentiment for a potential continuation. Since the bounce from that level, SOL has continued to climb steadily, and many now believe that Solana is gearing up for another leg up. With fundamentals improving and historical patterns pointing to renewed upside, the market is watching closely. A successful reclaim of nearby resistance levels could be the trigger that drives Solana back toward its previous all-time highand potentially beyond. For now, SOL holders are eyeing this consolidation phase as the calm before the storm. Solana Holds Critical Support As Market Eyes Bullish Continuation Solana is testing a crucial demand zone around the $165 level, attempting to establish a foundation for its next major move. This range has become a key battleground between bulls and bears, especially as broader market sentiment is shaped by Bitcoins struggle to push past its all-time high. With BTC stalling just below $109K, uncertainty clouds the outlook for many altcoins, including SOL. However, Solana continues to show signs of relative strength. Despite recent pullbacks, the overall trend for Solana remains bullish. According to Abbe, the assets multi-year uptrend remains intact. Last month, Solana successfully retested its long-term trendline, which Abbe believes marked the bottom of the recent correction. Since that bounce, SOL has surged over 50%, demonstrating strong investor confidence and solid underlying momentum. Abbe maintains that the $290 high seen earlier was not the final peak for Solana, projecting a new all-time high sometime in 2025. His bullish thesis is supported by improving fundamentals across the Solana ecosystem, including rising developer activity, growing DeFi participation, and increasing on-chain usage. Related Reading: Range-Bound Ethereum Sees Volatility High Timeframe Levels Hold The Key SOL Price Analysis: Holding The Line Before A Big Move Solana (SOL) is currently trading at $167.76 after a sharp rally in early May that pushed the price above both the 200-day EMA and 200-day SMA. The chart shows SOL climbing over 90% since its April low, confirming bullish momentum and renewed interest across the market. However, the price is now stalling just below the 200-day SMA at $181.03, which is acting as dynamic resistance. The key support lies near the 200-day EMA at $162.55. As long as SOL holds this level, the short-term structure remains bullish. A clean break above the $181 level would open the door for a move toward the psychological $200 mark and potentially higher. But if bears regain control and price breaks below $160, the uptrend could be in jeopardy. Related Reading: Chainlink Struggles At Key Resistance Level $10 Support Back In Focus Volume has decreased slightly since the early May breakout, hinting at possible exhaustion or consolidation before another leg. Traders are closely watching for confirmation either a breakout above $181 or a breakdown below the EMA. Featured image from Dall-E, chart from TradingView

May 21, 2025 02:30

Solana (SOL) Weekly Review: Key Support Holds, But Volume Drops Raise Caution Flags

Solana (SOL), which is one of the leading Layer 1 blockchain platforms, is trading at $166.61, up just 1.30% from where it stood earlier. The trading volumes, though, have declined considerably by as much as 30% in the last 24 hours to $3.8 billion. During the previous week, it lost 4.80% to trade at $166.62. […]

May 01, 2025 12:05

Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid Suspicious $330 Million BTC Transfer Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOLs next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the next support level below at around $136, which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a textbook-perfect cup and handle pattern, which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solanas short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4, based on its utility and demand. It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand, he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level a strong hold. He highlighted that Solanas uptrend is only getting started after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana Tags Upper Bollinger Band For First Time Since ATH  Is Momentum Returning?

Author: Sebastian Villafuerte
United Kingdom
Mar 27, 2025 12:05

Solana Tags Upper Bollinger Band For First Time Since ATH Is Momentum Returning?

Solana (SOL) is showing early signs of recovery after enduring several days of selling pressure and heightened volatility. The altcoin is now trading above the $135 mark, a psychological level that bulls have managed to defend in recent sessions. While this move offers some relief to investors, Solana still has work to do before confirming a sustained uptrend. The broader market remains cautious, and SOL must reclaim key technical levels to strengthen the case for a full recovery rally. Related Reading: Ethereum Accumulation Is Almost Over Breakout Above $2,200 Could Trigger Expansion Phase Adding to the optimism, top analyst Big Cheds highlighted a notable technical signal: Solana has tagged the upper Bollinger Band (BB) on the daily chart for the first time since it traded in the $270 range. This rare occurrence suggests that momentum is slowly shifting in favor of the bulls, though confirmation is still pending. The upper BB tag is often seen as an early indicator of building strength, especially when supported by increasing volume and follow-through in price action. For now, investors are watching closely to see if Solana can hold above $135 and push toward resistance levels that could confirm a trend reversal. Until then, the recovery remains tentative but the signal from Big Cheds adds an encouraging twist. Solana Struggles Below $150 Solana (SOL) is now at a critical junction as it pushes to set new local highs just below the $150 level. While this upward move has brought temporary relief, analysts warn that the latest price surge could be nothing more than a bull trap. Related Reading: Dogecoin Breaks Above Bullish Daily Pattern Analyst Sees A Surge To $0.43 Many are calling for a continuation of the broader downtrend, citing weak market sentiment and the possibility of deeper corrections across altcoins. The fear of an incoming bear market is growing among investors, with some choosing to exit positions, while others hold through unrealized losses in hopes of a future recovery. Ched’s analysis highlights that Solana has tagged the upper Bollinger Band on the daily chart a signal not seen since the $270 range. This technical indicator could suggest that bullish momentum is building, possibly marking the start of a recovery rally. While confirmation is still needed, the tag hints at a shift in sentiment as bulls try to regain control. Currently, Solana remains 51% down from its January all-time high, highlighting the steep correction it has suffered in just a few months. Speculation, increased volatility, and heavy sell pressure have defined recent price action, leaving traders unsure about the next direction. However, a key technical development could shift the narrative. Price Action Details: Key Resistance Looms Solana (SOL) is currently trading at $144, with bulls facing strong resistance at the critical $150 level. Despite recent attempts to push higher, momentum remains weak, and buyers have yet to establish a clear breakout. The $150 mark is proving to be a psychological barrier, and failure to break through could signal more downside in the short term. However, the more decisive level to reclaim lies between $170 and $180 a zone that has consistently acted as strong resistance during past rallies. For a true recovery to take shape, SOL must gain traction above this range and turn it into support. Until that happens, the risk of further downside remains elevated. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance Analyst If SOL continues to face rejection at $150 in the coming days, a drop below $135 becomes increasingly likely. This would reinforce bearish sentiment and potentially open the door to lower support levels, especially if broader market weakness persists. With price action stuck between key levels and uncertainty still dominating the market, Solanas next move could set the tone for the weeks ahead. Bulls must act quickly to reclaim critical ground before selling pressure returns in force. Featured image from Dall-E, chart from TradingView

Solana (SOL) Strong Performance Sets Stage for New ATH in March; Analyst Eyes $305

Author: Saeed Ul Hassan
Estonia
Mar 16, 2024 02:30

Solana (SOL) Strong Performance Sets Stage for New ATH in March; Analyst Eyes $305

Solana (SOL) has shown remarkable grit and determination to remain afloat through a major market slump. While both Bitcoin and Ethereum witnessed sharp declines, with Bitcoin plummeting from its all-time high to $65,000 and Ethereum retracing to $3,571, SOL experienced a dip from its peak of $186 to a low of $165 before swiftly regaining […]

Solana Holds Support Above Key Indicator  Expert Sees Push To ATH If Momentum Returns

Author: Sebastian Villafuerte
United Kingdom
Feb 09, 2025 12:05

Solana Holds Support Above Key Indicator Expert Sees Push To ATH If Momentum Returns

Solana has faced relentless selling pressure since late January, wiping out over 40% of its value after reaching all-time highs. Price action remains bearish, with SOL struggling to find strong support as the broader market experiences volatility. Investors are increasingly cautious, fearing that further declines could follow if key levels fail to hold. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend The Calm Before A Big Move? However, analysts believe Solana could see a swift recovery if it manages to maintain its current structure. Top analyst Daan shared a technical analysis on X, revealing that Solana is still hanging around above a key diagonal trend line and the Daily 200MA/EMA. This suggests that if SOL holds this area, it could regain strength and push higher in the coming weeks. While Solanas price action has been concerning, the overall structure still looks intact. If the market regains momentum, SOL could quickly reclaim lost ground and make another run toward its previous highs. The coming days will be crucial as investors watch whether Solana can defend its support levels or if further downside is on the horizon. A strong bounce from current levels could mark the beginning of a new bullish phase for SOL. Solana Testing A Crucial Level Solana is trading at a critical zone after dropping more than 14% since Tuesday, testing the last support level that maintains its long-term bullish structure. Investors are growing concerned as selling pressure intensifies across the broader crypto market. If SOL fails to hold its current demand level, it could face sustained selling pressure, potentially leading to a deeper correction. Daan shared a technical analysis on X, noting that Solana is still holding above a diagonal trend line and the Daily 200MA/EMA. As long as this area remains intact, the structure looks decent for a potential rebound. He emphasized that these support levels have historically played a crucial role in determining SOLs trend direction, making them a key focus for traders and investors. However, Daan also pointed out a technical concern regarding the two sweeps of the 2021 all-time high, which could indicate market uncertainty. Despite this, he believes that if the market finds momentum again, Solana could recover quickly and make another run toward higher price levels. Related Reading: Massive XRP Accumulation Whales Bought 520 Million XRP During Market Dip For now, SOLs ability to hold above key support levels will determine its short-term direction. If bulls manage to defend these areas and push the price back above resistance, a strong rebound could be in play. SOL Price Action: Technical Levels To Hold  Solana (SOL) is trading at $192 after a volatile and bearish start to February. The price is currently holding at the 200-day exponential moving average (EMA) and remains 5% above the 200-day simple moving average (SMA), signaling that this is a critical moment for bulls to step in and defend the long-term trend. If SOL manages to hold above these key indicators, the next objective for bulls will be reclaiming the $200 mark, a psychological and technical resistance level. A successful push above this level would signal strength and set the stage for a larger recovery in the coming weeks. However, if SOL fails to hold above the 200-day EMA and loses this crucial support, the price could face a significant drop toward lower demand areas around $170. This would confirm a deeper correction and extend the bearish momentum that has dominated the market since late January. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price Expert Reveals Key Resistance Level With the market still under pressure, SOLs ability to defend its long-term moving averages will determine its next move. A rebound from these levels would indicate bullish resilience, while a breakdown could accelerate selling pressure and push the price further into lower demand zones. Featured image from Dall-E, chart from TradingView

Solana Could Target $220 If It Holds Current Levels  Analyst Expects Short-Term Bullish Momentum

Author: Sebastian Villafuerte
United Kingdom
Feb 06, 2025 12:05

Solana Could Target $220 If It Holds Current Levels Analyst Expects Short-Term Bullish Momentum

Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are closely watching this key level, as maintaining support above $200 is essential to confirm further upside potential. Related Reading: Bitcoin Looks Stronger Compared To Altcoins Demand Remains Strong As Price Consolidates In A Range Top analyst Jelle shared a technical analysis on X, highlighting Solanas current position. He noted that SOL is holding the key support level so far and emphasized the importance of a bounce from this region to sustain short-term bullish momentum. According to Jelle, reclaiming $220 is the first mission for bulls, as it would set the stage for another rally toward recent highs. However, failure to hold above $200 could spell trouble, potentially leading to further downside and a more extended consolidation period. With the market experiencing high volatility, this week will be crucial in determining Solanas short-term trajectory. If bulls defend key support levels and reclaim resistance zones, SOL could be on track for another push higher, continuing its impressive run from last year. Solana at a Critical Juncture: Can Bulls Take Control? Solana has retraced 40% from its all-time high, sparking concerns among investors who fear a prolonged correction. While SOL has been one of the strongest assets in this cycle, recent price action has left market participants uncertain about its short-term direction. Related Reading: Ethereum Long-Term Bullish Structure At Risk $2,700 Support Is Key for a $7K Target Despite institutional interest and a pro-crypto U.S. administration, the market remains plagued by doubt, with altseason narratives struggling to gain traction. The level of uncertainty surrounding crypto markets is unprecedented compared to past bull runs, leading to increased hesitation among retail investors. However, some analysts remain bullish on Solanas long-term prospects. Top analyst Jelle shared a technical analysis on X, revealing that Solana is holding the key support level around $200 so far. He emphasized that for SOL to remain short-term bullish, a bounce from this region is necessary. If bulls step in and defend this level, Jelle expects a surge above $220 in the near future, which could pave the way for a broader recovery. If Solana holds above $200 and reclaims key resistance levels, it would signal renewed strength and confirm a potential rally back toward all-time highs. However, if SOL breaks below support, further downside could follow, reinforcing bearish sentiment across the market. The coming days will be crucial in determining the next phase of Solanas price action. SOL Price Holds Key Support At $200 Solana (SOL) is currently trading at $205, maintaining a crucial support level at $200. This price point is critical for short-term momentum, as holding above it strengthens the bullish case for another leg higher. If bulls can sustain this level and push above $220, a strong breakout could follow, potentially taking SOL back into all-time high (ATH) territory. However, if $200 fails to hold, SOL could face a deeper correction, with the next major demand zone around $180. A drop to this level could signal a longer consolidation phase, delaying the anticipated bullish continuation. For now, Solana remains in a decisive phase, where market structure and buying pressure will determine the next major move. If SOL reclaims $220, a rally back toward $250-$260 becomes increasingly likely. On the other hand, losing $200 would shift sentiment bearish, putting downward pressure on price action. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum Metrics With strong fundamentals and bullish long-term momentum, investors are closely watching Solanas price action. The next few trading sessions will be crucial in determining whether SOL can resume its uptrend or face further downside pressure. Featured image from Dall-E, chart from TradingView

Solana Sees Consistent Capital Inflows Since 2023  Liquidity Influx Signals Growth

Author: Sebastian Villafuerte
United Kingdom
Dec 26, 2024 12:05

Solana Sees Consistent Capital Inflows Since 2023 Liquidity Influx Signals Growth

Solana has staged an impressive recovery, surging over 14% from its recent local lows, showcasing resilience after a period of correction. This renewed momentum has reignited investor optimism, positioning Solana as a standout in the crypto market. Key metrics from Glassnode further bolster this sentiment, revealing that Solana has consistently maintained a positive net capital inflow since early September 2023. While minor outflows were observed, the overall trend underscores sustained interest and confidence in the project. Related Reading: XRP Whales Keep Buying Data Reveals Smart Money Prepares For A Rally These capital inflows highlight Solanas growing adoption and utility, indicating that the blockchain ecosystem continues to attract new participants and capital. As the market evolves, such metrics suggest that Solana is poised for continued growth, supported by strong fundamentals and a thriving developer community. With its recovery gaining traction, Solana remains a top contender for investors eyeing projects with robust long-term potential. The consistent inflow of capital not only reflects market confidence but also sets the stage for further expansion in the coming months. Whether through innovative dApps, enhanced scalability, or increasing network activity, Solanas upward trajectory seems far from over, making it a focal point in the broader crypto landscape. Solana Metrics Reveal A Growing Network Solana appears to be on the brink of a massive rally next year as its network continues to demonstrate sustained growth and resilience. According to an insightful report by Glassnode, Solana has consistently recorded positive net capital inflows since early September 2023. Despite minor outflows during this period, the overall trend highlights the networks ability to attract liquidity and maintain investor confidence. One of the reports most striking revelations is the peak daily inflow of $776 million in new capital, underscoring significant interest and participation within the ecosystem. This sustained influx of liquidity has not only bolstered Solanas growth but has also played a pivotal role in supporting its price stability and appreciation. Such a consistent capital inflow suggests that investors view Solana as a high-potential project capable of outperforming in the coming months. Related Reading: Bitcoin Short-Term Holders Fueling Potential Dip $90K Support Crucial Level To Hold With robust fundamentals, growing adoption, and increasing developer activity, Solanas upward trajectory is well-positioned to continue. If the current trend of capital inflows persists, it could serve as a catalyst for a massive rally, potentially surpassing previous highs. As we look ahead to 2025, Solana remains a project to watch, offering investors an opportunity to participate in a blockchain ecosystem that is rapidly gaining prominence in the crypto space. Strong Bounce From Key Demand  Solana (SOL) is currently trading at $199 after successfully bouncing from the $175 level, a critical demand zone that has proven to be a robust support area. This rebound showcases Solanas underlying strength and its ability to attract buyers at key levels, setting the stage for further upward momentum. The $175 mark has historically acted as a launchpad for SOL, and this time is no different, as the price now targets higher levels. If Solana manages to push above the $210 resistance level in the coming days, a rapid surge is likely to follow. Breaking this barrier would signal strong bullish momentum, potentially propelling SOL into new highs and reigniting investor enthusiasm. However, the market could also experience a period of sideways consolidation as traders assess the current conditions and prepare for the next significant move. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally Details Consolidation above the $190 level would still be a positive sign, indicating that SOL is building a solid foundation for its next rally. Maintaining strength around these levels is critical to sustaining the bullish outlook, as any failure to hold could lead to a retest of lower demand zones. For now, all eyes are on Solana as it navigates key price levels and prepares for its next move. Featured image from Dall-E, chart from TradingView

Solana Holds Weekly Support At $180  Analyst Expects $330 Mid-Term

Author: Sebastian Villafuerte
United Kingdom
Dec 24, 2024 12:05

Solana Holds Weekly Support At $180 Analyst Expects $330 Mid-Term

Solana (SOL) is navigating a turbulent period after facing a significant 33% correction from its all-time high at $264, reached in late November. Despite the sharp pullback, Solana demonstrates resilience, offering investors a promising long-term outlook. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours Details Renowned crypto analyst Carl Runefelt recently shared his insights on X, highlighting a compelling technical setup for SOL. According to Runefelt, Solana has successfully retested a massive triangle pattern on the weekly timeframe. This critical retest suggests that Solana’s price action remains intact and could serve as a launching pad for a significant rally shortly. While broader market corrections have weighed down short-term sentiment, Solana’s ability to maintain its structural integrity amidst the downturn provides a glimmer of hope for bulls. If SOL can sustain its current levels and build momentum, it may soon recover lost ground and chart a path toward new highs. Analysts closely watch how Solana responds to this crucial technical signal, as it could define the altcoin’s trajectory in the coming weeks. Solana Holding A Bullish Structure Despite a 30% retrace from its all-time high, Solana (SOL) maintains a bullish structure on higher timeframes, signaling long-term strength. This resilience has analysts and investors optimistic about Solanas potential to outperform once the market regains momentum. Known for its strong fundamentals and rapid adoption, SOL remains a favorite among traders who are anticipating the next altcoin rally. Top crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting an encouraging pattern for Solana. Runefelt revealed that SOL has successfully retested a massive triangle formation on the weekly timeframe, a critical milestone for its bullish trajectory. According to his analysis, if Solana can hold firmly above the $180 mark, the cryptocurrency could surge to $330 in the coming weeks. This projection aligns with expectations that Solana will be a frontrunner in the next market-wide rally. Related Reading: Bitcoin Cost Basis Distribution Reveals Strong Demand At $97K Can BTC Hold? However, the broader market remains in a state of uncertainty. Bitcoin, the market leader, has struggled to reclaim the $100K level, and negative sentiment continues to weigh on traders’ confidence. This lingering doubt poses challenges for altcoins like Solana, which often depend on a strong Bitcoin performance to sustain rallies. Testing Crucial Demand Solana is currently trading at $185, showing resilience after successfully holding the 200-day exponential moving average (EMA) at $175. This key level is often regarded as a strong indicator of long-term market strength, and SOLs ability to defend it underscores the asset’s bullish potential. On a weekly timeframe, Solana continues to make higher lows, signaling a positive trend despite recent market volatility. This price action suggests that buyers remain confident in SOL’s long-term prospects, stepping in to defend critical support levels. If the $175 mark continues to act as a strong foundation, Solana is well-positioned for a quick recovery in the days ahead. Related Reading: XRP Holds Key Demand Level Whale Activity Suggests Strength Holding above the 200-day EMA is a crucial step in building momentum for a broader rally. Analysts and investors are closely watching this level, as it could pave the way for Solana to retest key resistance points and potentially target new highs. However, if SOL loses this critical support, it may face increased selling pressure. Featured image from Dall-E, chart from TradingView

Dec 21, 2024 05:50

Solana Holds Monthly Support As Network Activity Grows Time For A Breakout?

Solana faced heightened volatility yesterday, dropping 7% following the Federal Reserve’s announcement of a 25 basis point rate cut and fewer projected cuts for 2024. Despite the sell-off, Solana’s price action remains resilient as it managed to hold above a critical support level, reinforcing confidence in its ability to weather macroeconomic shifts. While the market [...]

The post Solana Holds Monthly Support As Network Activity Grows Time For A Breakout? appeared first on Crypto Breaking News.

Solana Monthly Chart Looks Ready For A Monster Run  Details

Author: Sebastian Villafuerte
United Kingdom
Dec 18, 2024 12:05

Solana Monthly Chart Looks Ready For A Monster Run Details

Solana (SOL) has been holding steady above a crucial demand level near $210, a key area that could ignite a massive bull run. After reaching an all-time high (ATH) on November 22, Solana has experienced a 23% retracement, testing investor confidence. However, analysts remain optimistic, with many expecting a significant upward move in the coming weeks. Related Reading: Ethereum Forming A Symmetrical Pattern Key Resistance At $4,100 Renowned analyst Jelle recently shared a technical analysis highlighting Solanas strong potential. According to Jelle, the monthly chart for SOL is primed for an “absolute monster run,” indicating that the current consolidation phase may be laying the groundwork for a powerful breakout. This view aligns with the broader sentiment that Solanas resilience above $210 could act as a springboard for the next phase of its rally. As one of the leading altcoins in the crypto market, Solana has attracted attention for its robust performance and potential to lead the next leg of the bull market. With the price now consolidating after a sharp pullback, all eyes are on SOLs ability to maintain its critical support and reclaim momentum. Whether Solana can deliver on its bullish promise will be a key focus for traders and investors alike in the coming weeks. Solana Holds Key Demand  Solana is currently trading above a critical level for this cyclethe $210 mark. This price point, which previously acted as a significant resistance, has now flipped into a vital support level, setting the stage for Solana’s next potential rally. The importance of this level cannot be overstated, as it represents a key area where buyers are stepping in to defend SOLs bullish momentum. Renowned analyst Jelle recently shared a compelling technical analysis on X, emphasizing Solanas strong outlook. According to Jelle, Solanas monthly chart is primed for what he described as an “absolute monster run.” His analysis highlights how SOLs price is now testing its 2021 all-time high (ATH) as support, a critical juncture that could determine its trajectory in the weeks to come. Jelle’s simple yet powerful chart indicates that if Solana manages to push decisively above the $210 level, it will confirm the strength of this support and potentially trigger a massive bull run. This rally could result in impressive gains for SOL, positioning it as a standout performer in the crypto market. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery BTC To $130K? For now, all eyes are on Solana’s ability to sustain its momentum and break higher. As it consolidates above this essential level, traders and investors are closely monitoring its next moves, anticipating the possibility of a historic price surge. Price Action Suggests A Big Move Soon Solana is trading at $221, maintaining its strength above the critical $210 support level. This resilience has bolstered confidence among investors, as SOLs price action aligns bullishly across all time frames. Solana is gearing up for a major rally, but it must first overcome the $245 resistance level to confirm the uptrend. Market dynamics indicate that SOL is in a prime position for upward momentum. Unlike other assets that may show signs of hesitation or potential consolidation, Solana exhibits a well-defined price structure that strongly favors a breakout. The lack of bearish signals further solidifies this outlook, as there is little indication of an imminent correction or prolonged sideways trading. Related Reading: ONDO Exchange Inflows Grow Volatility Ahead? If SOL successfully breaches the $245 resistance with strength, it could trigger a wave of buying pressure, propelling the price to new heights. This setup has many traders eyeing the next potential levels for Solana, with the broader market sentiment favoring continued gains. Featured image from Dall-E, chart from TradingView

Solana To New ATH Before Christmas  Analyst Expects $300 Soon

Author: Sebastian Villafuerte
United Kingdom
Dec 13, 2024 12:05

Solana To New ATH Before Christmas Analyst Expects $300 Soon

Solana (SOL) has faced a 23% retrace after hitting new all-time highs at $264, testing the resilience of bullish momentum. Despite this pullback, SOLs price structure remains strong, with the token holding firmly above a critical demand zone. This consolidation phase indicates the market is gearing up for another potential breakout as bullish sentiment persists. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Renowned crypto analyst and investor Jelle recently shared a technical analysis on X, expressing optimism about Solana’s future price trajectory. According to Jelle, the retrace is a healthy correction that allows SOL to build the strength needed for another significant rally. He predicts that Solana will reach new all-time highs before Christmas, setting the stage for an exciting close to the year. With Solana maintaining its position above key levels and investor interest remaining robust, all eyes are on the $264 mark as bulls prepare to push the token into price discovery once again. The coming weeks will be pivotal, with the potential for SOL to reclaim its momentum and deliver significant gains. If the bullish predictions hold true, Solana could solidify its position as one of the standout performers in the crypto market this cycle. Solana Price Action Signals Strength Solana (SOL) continues to show bullish momentum, holding strong above $210, a critical support level that previously acted as resistance. This price behavior signals a healthy retrace, allowing the market to reset before another potential move higher. Solanas ability to maintain this level reinforces the bullish narrative, suggesting that its preparing for another upward push. Top crypto analyst Jelle recently shared his insights on X, expressing confidence in Solana’s price trajectory. Jelle’s technical analysis predicts that SOL will reach new heights before Christmas, highlighting a price target of $300 in the near term. He emphasizes that the current consolidation phase is a positive sign, as it allows for accumulation and builds the momentum necessary for a breakout. However, despite the optimism, the possibility of a prolonged consolidation phase looms if SOL fails to break its all-time high (ATH). This scenario could lead to a temporary stagnation in price action, with SOL ranging sideways as traders await a clearer market direction. Such a consolidation phase would not necessarily be bearish but could delay the anticipated rally. Related Reading: Cardano Follows 2020 Bullish Pattern Top Analyst Plans To Take Profits Between $4 And $6 For Solana to meet Jelle’s $300 target, bulls must reclaim and hold levels above the ATH, signaling strength and renewed buyer interest. If successful, Solana is poised to enter price discovery once again, securing its position as a top-performing crypto asset in the current market cycle. SOL Testing Liquidity Levels  Solana (SOL) is currently trading at $232, showing resilience after successfully holding key demand levels at $210. This critical support has proven vital in maintaining bullish momentum, allowing the price to recover and consolidate above $222. The ability to stay above this mark has strengthened investor confidence, with the focus now shifting to higher targets. The next key resistance for SOL is $246. Breaking above this level would not only signify a bullish breakout but also position SOL to challenge and surpass its all-time high (ATH) of $264. A confirmed breakout above $246 would signal renewed momentum, potentially driving Solana into uncharted territory and reigniting market excitement. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday Details However, the bullish scenario depends on SOLs ability to maintain its upward trajectory. If the price struggles to break above the $246 level in the coming weeks, it risks losing momentum. This could lead to a broader correction, with traders eyeing the $210 demand zone once again as a critical area to watch. Featured image from Dall-E, chart from TradingView

Dec 12, 2024 05:50

Solana Will Step Back Into The Spotlight Once It Reclaims $222 Details

Solana has faced a sharp 23% correction since reaching new all-time highs nearly three weeks ago. This pullback, though significant, reflects broader market conditions as Bitcoin and altcoins enter a phase of indecision. The market is currently searching for support and consolidating below critical levels, with investors closely monitoring whether this phase will lead to [...]

The post Solana Will Step Back Into The Spotlight Once It Reclaims $222 Details appeared first on Crypto Breaking News.

Solana Might Reach $295 Once It Breaks Key Supply Zone  Details

Author: Sebastian Villafuerte
United Kingdom
Dec 11, 2024 12:05

Solana Might Reach $295 Once It Breaks Key Supply Zone Details

Solana (SOL) has captured significant attention in the crypto market after a series of volatile days that followed its breakout to a new all-time high on November 22. The asset, known for its speed and scalability, is now testing critical demand levels around $220, a zone that could determine its next move. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday Details Renowned investor and trader Carl Runefelt shared a detailed technical analysis on X, highlighting the formation of a massive symmetrical triangle that Solana has been tracking since early November. According to Runefelt, this pattern indicates a period of consolidation before a potentially explosive move. If Solana breaks out of this formation, Runefelt projects a price target of $295, signaling a significant upside for the altcoin. With Solana’s ability to sustain high demand and the broader crypto market showing bullish sentiment, all eyes are on whether SOL can capitalize on this momentum. The coming days will be pivotal as the price action unfolds, setting the stage for either a continuation of its rally or a deeper correction. As SOL traders watch closely, the market anticipates a decisive move that could redefine Solanas trajectory for the rest of the year. Solana Finding Fuel To Rise Solana (SOL) has seen a pullback after reaching an all-time high of $264 on November 22, as the broader crypto market experienced increased volatility. While some investors view this retrace cautiously, many analysts interpret it as a healthy demand retesta necessary pause to build momentum for another leg up. Currently, Solana is consolidating around key support levels, positioning itself for a potential breakout. Investor and trader Carl Runefelt shared insights on X, highlighting a bullish pattern forming on Solanas chart. According to Runefelt, this structure, which has been developing over the past few weeks, signals that SOL could be preparing for a significant breakout. He emphasizes that if Solana manages to break above this pattern with sustained buying pressure, it could easily surpass its previous highs and push into uncharted territory. Runefelts analysis aligns with the broader market sentiment that views Solana as one of the most promising blockchain ecosystems. Its strong fundamentals and increasing adoption and institutional interest create a favorable backdrop for continued growth. Related Reading: Dogecoin Pressing Range Highs Can Bulls Push DOGE To ATH? As Solana consolidates, the next few days will be critical. A break above its current pattern could trigger a massive rally, potentially driving the price significantly higher. Conversely, failure to hold key support levels could lead to a deeper correction. Investors are watching closely for now, waiting for a decisive move to determine Solana’s trajectory in the weeks ahead. Price Testing Critical Demand Solana (SOL) is currently trading at $217, maintaining a crucial demand level that has become a focal point for both bulls and bears. This zone has acted as a strong support, and its integrity is critical to sustaining bullish momentum. However, if SOL were to lose this level, it could spark panic among investors, many of whom are banking on continued growth in the coming months. The $210 mark serves as a psychological threshold for market participants. Holding above this level would reaffirm Solanas strength and suggest that the current retrace is a healthy consolidation phase. On the other hand, breaching this support could shift sentiment, leading to increased selling pressure and a potential dip to lower levels. Related Reading: XRP Price Forecast Analyst Sets $4 Target After Potential Retrace For a bullish continuation, SOL must hold above $210 and reclaim $225 in the coming weeks. Such a move would signal renewed buying interest and position Solana for a potential breakout. If this scenario unfolds, analysts anticipate a massive rally that could push SOL toward new highs, reaffirming its status as a top-performing crypto asset. Investors are closely watching these key levels, as Solanas price action in the coming weeks will likely set the tone for its mid-term trajectory. Featured image from Dall-E, chart from TradingView

Solana Analyst Expects A Retrace Before It Breaks ATH  Targets Revealed

Author: Sebastian Villafuerte
United Kingdom
Nov 20, 2024 12:05

Solana Analyst Expects A Retrace Before It Breaks ATH Targets Revealed

Solana (SOL) is trading just 6% below its all-time highs, fueled by a remarkable 16% surge from the $212 demand level. The rally has caught the attention of traders and investors alike, as SOL’s price action showcases a strong uptrend.  Top crypto analyst Johnny shared his technical analysis on X, predicting that Solana may retrace to its previous yearly highs before launching a new attempt to break its all-time highs. This forecast comes during a period of euphoria, with SOL delivering a stunning performance by soaring over 55% in less than two weeks.  Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern Analyst Reveals Target The rapid climb has positioned Solana as one of the market’s standout assets, driven by increasing demand and strong fundamentals. However, Johnnys outlook suggests a healthy pullback could be on the horizon, potentially offering a key buying opportunity before SOL challenges its historic price levels. With SOLs recent performance reigniting optimism in the crypto space, all eyes remain on its ability to maintain strength in the face of potential volatility. Will Solana defy expectations and reach new heights, or is a cooldown inevitable? Solana Testing Critical Supply Level Solana is testing a critical supply level just below $250, following a significant surge that has propelled it closer to its all-time high (ATH). This level serves as a key battleground, marking the last stronghold for sellers before SOL enters price discoverya phase where it could carve out new highs. Crypto analyst Johnny recently shared his perspective on X, highlighting that while Solanas price action remains robust, a temporary retrace to lower levels may be necessary to gather momentum.  According to his technical analysis, SOL could dip into the $220 demand zone, a level he sees as crucial for buyers to step in and refuel the rally. Johnny predicts that Solana could stage a strong recovery from there, targeting an aggressive move above its ATH at $260. Solanas bullish momentum cannot be ignored despite the possibility of a retrace. The assets price action suggests a 6% surge above its ATH is well within reach if market conditions remain favorable. Continued strength in the broader crypto market could amplify buying pressure, helping SOL shatter its ATH and enter uncharted territory. Related Reading: Bitcoin Demand Outpaces Supply On-Chain Metrics Reveal Low Seller Volume For now, all eyes are on Solanas ability to navigate this supply zone. A successful breakout could pave the way for new highs, while a retrace to $220 might provide an ideal launching pad for the next leg of its rally. Either way, SOLs trajectory highlights its growing prominence in the market as traders anticipate its next big move. Price Action Details   Solana is trading at $242, holding steady after a few days of consolidation below the $250 mark. This level represents a critical resistance as SOL inches closer to its all-time high (ATH). Despite this pause, the price action remains robust, supported by the broader bullish sentiment across the crypto market. However, SOLs ability to break above $250 will be a key factor in determining its next move. A successful push beyond this level could set the stage for a retest of its ATH and potentially a rally into price discovery. Conversely, if SOL fails to overcome this resistance, a retrace to lower demand zones becomes likely. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation In this scenario, the next logical support level to watch would be around $222, where buyers could step in to reignite momentum. Should the retrace extend further, SOL might revisit previous yearly highs at $210, a critical level that proved significant for price action. Featured image from Dall-E, chart from TradingView

Solana Breaks Above Key Resistance At $225  ATH Next?

Author: Sebastian Villafuerte
United Kingdom
Nov 18, 2024 12:05

Solana Breaks Above Key Resistance At $225 ATH Next?

Solana (SOL) has captured the markets attention after a series of volatile days, finally breaking above the $225 mark to reach new yearly highs. Currently trading at $235, Solana sits just 10% below its all-time high, sparking excitement among investors and analysts alike.  Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation Top analyst Ali Martinez recently shared a chart highlighting Solanas potential for further upside. According to Martinez, the price is targeting the $250 level, which represents a critical supply zone. A successful breakout above this level could pave the way for Solana to challenge its all-time high, igniting a wave of bullish sentiment across the market. The next few days are shaping up to be crucial for Solana as it tests the resilience of its upward trajectory. Bitcoins bullish performance is also fueling optimism across the market, further supporting Solanas price action. The recent breakout signals growing bullish momentum as Solana continues to outperform many other altcoins in the crypto market. Solana About To Enter Price Discovery Solana is on the verge of entering price discovery after successfully confirming a breakout above the critical $225 resistance. This pivotal move has reinforced bullish sentiment, with many analysts predicting an imminent surge to new all-time highs. As Solana breaks through key supply levels, its strong price action has positioned it as one of the most promising assets in the current market cycle. Martinez shared his technical analysis on X, emphasizing the significance of this breakout. According to Martinez, Solana appears to be entering a bullish phase, and this recent surge is just the beginning of a much larger upward trend.  He identified $250 as the next target for Solana, which lies just below the all-time high of $259 set in November 2021. Martinez suggests that reaching these levels could ignite a sustained rally, pushing Solana into price discovery territory. Related Reading: XRP Breaks Above Multi-Year Resistance Top Analyst Shares Price Target The confirmation of the $225 breakout signals growing demand, driven by both institutional interest and broader market optimism. If Solana successfully tests and holds above the $250 mark in the coming days, it could trigger a domino effect, paving the way for further bullish momentum. Entering price discovery would likely attract significant buying pressure, driving Solana to uncharted territory and establishing new highs. Bullish Price Action: SOL Levels To Watch  Solana is trading at $236, clearing yearly highs and setting a new local high just 10% below its all-time high (ATH). The price surged 9% today, signaling strong bullish momentum and renewed investor confidence in Solanas upward trajectory. Bulls appear to be in full control of the price action, with demand driving significant upward pressure. To sustain this breakout and maintain its bullish momentum, SOL must hold above the $225 mark in the coming days. This level is now a crucial support zone that validates the recent breakout and sets the stage for Solana to challenge its ATH. A successful retest and hold above $225 would likely pave the way for SOL to continue its climb toward new record highs. Related Reading: Bitcoin Spot Is King STH Selling Pressure Expected To Be Absorbed By ETFs However, if SOL fails to maintain this critical level, a period of sideways consolidation could ensue. Such a consolidation phase would not necessarily indicate weakness but rather a healthy pause, allowing the market to absorb recent gains before resuming its upward trend. In this scenario, bulls would still have the opportunity to reclaim control and propel SOL to new highs after establishing a stronger foundation. For now, all eyes are on Solana as it inches closer to price discovery and potential new ATHs. Featured image from Dall-E, chart from TradingView

Nov 17, 2024 05:50

Solana About To Target $250 If It Breaks Key Supply Level Analyst

Solana has experienced a turbulent few days, with its price fluctuating between yearly highs at $225 and local lows at $200. This volatility has sparked significant interest among traders and investors as Solana tests key levels critical to its next move.  Top analyst and macro investor Carl Runefelt has weighed in with a technical analysis, [...]

The post Solana About To Target $250 If It Breaks Key Supply Level Analyst appeared first on Crypto Breaking News.

Solana God Candle Is Close As It Breaks From Crucial Resistance  Top Analyst

Author: Sebastian Villafuerte
United Kingdom
Nov 15, 2024 12:05

Solana God Candle Is Close As It Breaks From Crucial Resistance Top Analyst

Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solanas strong position within the market, as investors watch for signs of a further breakout.  Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solanas chart to Bitcoins historical price movements, suggesting that Solanas next breakout may be imminent. Related Reading: Bitcoin Weekly RSI Entering Power Zone Last Time BTC Soared 80% As the market reaches new highs, Solanas ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors. In the coming days, Solanas price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move.  With the broader crypto market reaching unprecedented levels, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory. Solana Preparing For A Rally Solana appears poised for a significant rally, having broken out of an 8-month accumulation phase that began in March. This critical development has caught the attention of top analyst and trader Inmortal, who shared an analysis on X, comparing Solanas recent chart patterns to those of Bitcoin. His technical perspective suggests that Solana mirrors Bitcoin’s past price movement and could be on the cusp of a substantial surge. Following its break above the yearly high of $210, Solanas next target is likely to be its all-time high of $258. This level is viewed by many as a critical resistance, and a successful test could pave the way for even greater price gains. The breakout from such an extended accumulation phase has bolstered confidence in Solanas bullish structure, and the market is closely watching for signs of sustained momentum. The timing of this potential move is also strategic. As Bitcoin consolidates just below its all-time high, a period of stability could provide the perfect window for altcoins, particularly Solana, to gain traction. This pause in Bitcoins rally allows liquidity to shift toward other strong projects, positioning Solana well for a possible continuation of its upward trend. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern Details The next few days will be pivotal for Solana as traders look to see if it can sustain support above $210. If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the markets current bull phase.  SOL Testing Last Supply Levels Before ATH Solana is currently trading at $220, having broken its yearly highs, yet its now encountering some volatility as traders assess the next move. With SOL just 17% away from its all-time high of $258, many are watching closely to see if it can sustain this momentum without giving traders any lower entry points. The $210 support level is particularly crucial in the coming days. If SOL fails to hold above this mark, a short-term correction could drive prices lower, potentially offering some breathing room for buyers looking to enter before the next rally. However, should SOL remain steady above $210, the likelihood of a rapid push to new highs becomes even stronger, as it signals ongoing bullish strength in a market eager for upward movement. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs As Solana continues to consolidate at these elevated levels, a decisive break could ignite a swift rally, drawing in both retail and institutional interest. Traders are preparing for either outcome: a brief correction as a buying opportunity, or a breakout that takes Solana into uncharted territory, setting new highs and reaffirming its place among top-performing altcoins this cycle. Featured image from Dall-E, chart from TradingView

Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint

Author: Sebastian Villafuerte
United Kingdom
Oct 07, 2024 12:05

Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint

Solana is testing a crucial level after weeks of volatile price action and market uncertainty. Following the Federal Reserve’s interest rate cut announcement, Solana surged 26% but quickly retraced 17%, reflecting the ongoing turbulence in the broader crypto market. This rollercoaster price movement has left many investors on edge as they wait for the next clear signal. Related Reading: Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand Amidst this uncertainty, top analysts are closely monitoring Solanas next move, with one in particular pointing to the $160 mark as the decisive level that could determine its direction. A breakout above this level could reignite bullish momentum, while failure to do so may lead to further downside pressure. The coming days will be critical for Solana as investors assess the market’s trajectory and brace for potential volatility. With SOL standing at a pivotal point, both bulls and bears are watching closely to see whether the price can break through key resistance or succumb to further correction. Solana Testing Liquidity Below $160 Solana has experienced significant ups and downs over the past couple of weeks, leaving investors uncertain after the latest dip. Many were anticipating further gains before the retrace, which has now sparked caution in the market. With Solana trading in this volatile environment, the focus has shifted to key technical levels that could determine the next big move. Top crypto analyst Daan has shared his insights on X, noting that Solana has formed three nearly equal highs around the $160 level. He also highlights that SOL is consistently making higher lows, a sign of potential bullish momentum building up. According to Daan, this gradual upward drift suggests that Solana could eventually break through the $160 resistance level, which would be a pivotal moment for the cryptocurrency. Related Reading: Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target The reaction at $160 will be crucial. If Solana manages to break above this level, it could signal a push to new highs and reignite bullish sentiment in the market. However, if the price fails to maintain momentum, Solana might remain range-bound between $120 and $160, continuing its sideways movement. Investors are closely watching these levels as Solanas next direction could define its performance for the rest of the year. Price Action: Supply Levels To Break Solana (SOL) is currently trading at $143 after experiencing a few days of choppy price action. The market has been volatile, and SOL is now testing the critical 4-hour 200 exponential moving average (EMA) at $144.55. This level serves as a key resistance point, and a breakout above it could signal a bullish continuation for Solana. If SOL manages to break and hold above the 4-hour 200 EMA, the next target for bulls would likely be the $160 level. A move above $160 could reignite positive sentiment, potentially setting the stage for further gains. However, if SOL fails to break above the $144.55 resistance, a retrace to lower demand zones is expected. Related Reading: XRP Price Bullish Potential Grows A Surge Above $0.65 Will Trigger Buyers In the event of rejection at the 4-hour 200 EMA, Solana could dip to the $127 support level, where traders and investors will closely monitor for signs of strength or further downside risk. The price action over the next few days will be crucial in determining whether SOL can resume its bullish trajectory or if a deeper retracement is on the horizon. Featured image from Dall-E, chart from TradingView

Solana Breakout From Bullish Pattern Could Send SOL To The Moon  Crypto Analyst

Author: Sebastian Villafuerte
United Kingdom
Oct 26, 2024 12:05

Solana Breakout From Bullish Pattern Could Send SOL To The Moon Crypto Analyst

Solana (SOL) has shown remarkable strength in recent weeks, surging by 32% over the past fifteen days. This impressive price action has positioned SOL as one of the top-performing assets, outpacing Bitcoin and many other altcoins.  Analysts and investors are increasingly optimistic about Solanas potential, with many forecasting continued upward momentum in the weeks ahead. Notably, prominent investor Carl Runefelt recently shared a technical analysis on SOL, highlighting a breakout from a bullish pattern that could signal massive gains for the cryptocurrency. Related Reading: Number Of Bitcoin Bulls Increases As Funding Rate Shows Steady Growth Details With this breakout, price action remains firmly bullish, indicating that the next major target for SOL is around the $185 level, where it will encounter local supply. If momentum holds, Solana could soon challenge this key resistance, further solidifying its place as a leader in the current market cycle. Solana Breaking Out Of Cup&Handle Pattern Solana is breaking out from a classic “Cup & Handle” pattern, often associated with strong bullish moves. This pattern has caught the attention of top analyst Carl Runefelt, who recently shared his technical analysis on X, indicating that Solanas recent price action aligns with a breakout from a descending channel.  According to Runefelt, this setup signals that Solana could be ready for a significant upward move. He shared a chart with a potential price target of $370, suggesting a substantial 115% surge from current levels. Runefelts optimism stems from the Cup & Handle pattern, where the price consolidates after an uptrend and then forms a small dip (the handle) before breaking out. This pattern is known to attract strong buyer interest, representing a period of consolidation and momentum building.  However, while the breakout is promising, it may take some time to fully play out, as the entire crypto market appears to settle before its next significant move. Solana has consistently outperformed in this cycle, with price action and volume reflecting sustained investor interest.  Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally With Solana pushing through key resistance levels and establishing a solid foundation, the potential for a bullish continuation is high. If the breakout confirms and Solanas momentum holds, the next weeks could see SOL pushing into new heights, solidifying its position as a top-performing altcoin and meeting investors’ bullish expectations for substantial gains ahead. SOL Testing Crucial Supply  Solana is trading at $171, maintaining a strong uptrend with a well-defined bullish structure over the past two weeks. This level represents a key demand zone that previously acted as resistance, signaling a potential for higher gains if the price holds steady. A continued hold above $171 would support further bullish momentum, potentially pushing SOL toward the next significant supply area at $185. However, should SOL lose the $171 support, a retrace to around $160 is likely. This level has been pivotal in the past weeks, serving as a strong resistance point that capped previous price attempts to rise, creating a solid foundation for renewed bullish interest. A move down to $160 wouldnt necessarily break the overall uptrend but would offer an opportunity to consolidate before the next push higher. Related Reading: Ethereum Bullish Breakout Confirmed Top Analyst Predicts $3,400 Target As investors and traders watch these levels closely, the $171 mark will be an immediate gauge of strength. Holding above it keeps the uptrend intact, while a dip to $160 would still offer support for Solanas longer-term bullish outlook. SOLs resilience in these levels reflects the optimism surrounding the assets potential in the weeks ahead. Featured image from Dall-E, chart from TradingView

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