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Author: Sebastian Villafuerte

Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More Analyst

Solana has rallied more than 22% since last Thursday, riding the wave of renewed bullish momentum across the broader crypto market. As Bitcoin pushes toward all-time highs and Ethereum breaks key resistance levels, Solana has followed suit with impressive strength. The price surged to a local high of $181 before encountering resistance, where it now consolidates just below that mark, searching for support to fuel the next leg higher. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years What Comes Next? While price action cools at a pivotal level, on-chain data shows significant growth in Solanas user base. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million in the past two weeks. This rapid increase in smallholder wallets points to a rising wave of adoption and network participation, particularly as interest in altcoins intensifies. Solanas consolidation just under $181 may act as a healthy pause before a continuation if bullish momentum persists. With the market heating up and retail interest returning, the current price structure could offer the foundation for a strong breakout in the coming sessions. The combination of price performance and rising user engagement suggests Solana may be positioning for a larger role in the next phase of the bull cycle. Solana Holds Key Support As Wallet Growth Signals Optimism Solana is now facing a crucial test as it consolidates just below the $181 resistance zone. After a sharp 22% rally over the past week, bulls must defend current levels to validate the uptrend and sustain momentum. Holding above the $170$175 support range would confirm strength and could pave the way for a renewed push toward the $200 level. However, the path forward isnt without risk. The broader macroeconomic environment remains fragile, with persistent fears of a global slowdown and continued uncertainty around inflation and interest rate policy. Despite these headwinds, the crypto market is staging a powerful recovery, and Solana is among the top performers. This rally may be more than just a short-term bounceit could mark the early stages of a larger bullish phase with significant upside potential. Investor sentiment is improving, and so is user engagement across key ecosystems. Top analyst Ali Martinez shared compelling on-chain data that reinforces this perspective. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million over the last two weeks. This rapid growth in smaller holders suggests growing retail interest and a widening user basecritical indicators for long-term strength. If bulls can maintain control at current levels and macro conditions dont worsen, Solana could be poised for a major move. The combination of technical momentum and on-chain engagement provides a strong foundation for the next leg higher. All eyes are now on whether the $181 resistance breaksor if Solana needs more time to build strength before the next phase of the rally begins. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Solana Faces Resistance As Price Pulls Back To Retest Support Solana (SOL) is consolidating just below the $181 level after a strong 22% rally from last week. As shown in the chart, price action surged above both the 200-day EMA ($161.88) and 200-day SMA ($181.11), signaling renewed bullish momentum. However, the current pullback from $180 to around $173.48 shows that the $181 level is acting as a key resistance, which has previously served as a rejection zone multiple times in the past. Volume remains healthy, and the recent move shows strong market participation, but bulls now need to hold the $170$172 range to maintain control. A successful retest of this area as support could set the stage for a breakout above $181. Failing to hold above this zone, however, could trigger a correction back to the $160$165 region, near the 200 EMA. Related Reading: HYPE Bulls Regain Control After Sharp Recovery Approaching Yearly Highs? Technically, SOL is attempting to break a multi-month downtrend and is forming a higher high structure for the first time since late December. The convergence of the moving averages suggests a pivotal moment. If buyers step in with conviction, a move toward $200 becomes likely. Until then, traders will closely watch the $181 level for a decisive breakout or rejection. Featured image from Dall-E, chart from TradingView

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Solana Forms Textbook Cup And Handle Pattern Massive Breakout Ahead?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Apr 29, 2025 12:05

Solana Forms Textbook Cup And Handle Pattern Massive Breakout Ahead?

Solana is trading at critical levels after several days of trying to decisively break above the key $155$160 resistance zone. Bulls are slowly building momentum, as the broader crypto market shows signs of strength and hints at the possibility of a sustained rally. However, global risks remain elevated, particularly as no clear resolution has been reached in the ongoing US-China trade conflict, which continues to shape macroeconomic sentiment and investor behavior. Related Reading: Ethereum Reclaims Local Range Against BTC Can Bulls Target The Range High? Despite the uncertain backdrop, technical indicators are beginning to favor a bullish outlook for Solana. Top analyst Ali Martinez shared new insights, highlighting that when zooming out, Solana appears to be forming a textbook-perfect cup and handle pattern a classic technical setup typically associated with major bullish breakouts. If validated, this pattern could set the stage for a strong upside move in the coming weeks. Still, caution is warranted, as broader market volatility and unresolved geopolitical tensions could disrupt the developing momentum. The next few days will be pivotal for Solana’s trend, as bulls must defend key levels and build enough pressure to attempt a true breakout above resistance. Solana Shows Strength Amid Shifting Market Dynamics Solana is up 58% since early April, showing impressive recovery momentum as market dynamics start to shift. After months of weakness and selling pressure, Solana is now emerging as one of the stronger performers among major altcoins. Analysts are closely watching the $160 level, with many calling for a decisive breakout that could unlock further gains. However, risks remain elevated. The broader macroeconomic environment remains unstable, with global trade conflicts and financial market volatility weighing on investor sentiment. Solana has been particularly sensitive to this uncertainty. Since January, SOL lost over 65% of its value, highlighting the growing selling pressure and speculative behavior that dominated the market during the first quarter of 2025. Despite this, the recent surge has shifted short-term momentum back in favor of the bulls, offering hope for a broader recovery if key levels are reclaimed. Martinez’s analysis supports a bullish outlook for Solana. He points out that zooming out reveals Solana is forming a textbook-perfect cup and handle pattern. This classic technical structure often precedes strong upward movements, especially when accompanied by growing volume and supportive macro conditions. If confirmed, this setup could mark the beginning of a major rally for SOL in the weeks ahead. Related Reading: Solana Will Face A Pivotal Moment In May Bear Market Bounce Or Bull Market Dip? SOL Price Action Remains Tight Below Key Resistance Solana (SOL) is trading at $151 after several days of consolidation below the crucial $160 resistance zone. Bulls have managed to defend recent gains, but momentum has slowed as the price struggles to push higher. Reclaiming the $160 level is essential for bulls to regain full control and continue the recovery. A clean breakout above $160 could trigger a rally toward the $180 mark, which aligns with the 200-day moving average (MA) a critical technical barrier that, if flipped into support, would confirm a strong trend reversal. However, risks remain elevated if bulls fail to reclaim the $160 resistance soon. A failure at this zone could expose SOL to a deeper correction, potentially dragging the price back toward the $120$100 support area. This would not only erase recent gains but could also damage market sentiment, slowing Solanas recovery efforts. Related Reading: Ethereum Flips Key Resistance Into Support Can Bulls Reclaim $2,000 Level? For now, consolidation just below resistance suggests that buyers are attempting to build strength. However, the next few days will be critical to determine whether SOL can break higher or enter another corrective phase. All eyes remain on the $160 breakout level as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView

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Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align Analyst

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Apr 12, 2025 12:05

Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align Analyst

Solana is now facing critical liquidity resistance as the broader crypto market attempts to stabilize following weeks of extreme volatility and uncertainty. After a brutal downtrend that saw SOL lose more than 47% of its value since early March, buyers are finally stepping in. This shift in momentum has sparked cautious optimism, but challenges remain ahead. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation Prime Accumulation Zone? SOL had been under immense selling pressure for nearly two months, dropping from its peak to levels not seen since late 2023. After briefly falling below $100, Solana has bounced back and is now testing a key trendline resistance a level that could determine whether the recent rebound gains traction or fizzles out. Top analyst Ted Pillows shared a technical view on X highlighting that Solana is now 60% down from its peak, suggesting that capitulation has likely taken place. According to Pillows, the current setup looks like a retest of trendline resistance, which has historically acted as a major barrier for price recoveries. As Solana nears this critical level, traders are closely watching for signs of a breakout or rejection. The next few days could determine whether SOL reclaims lost ground or resumes its downward trend. Solana Eyes Breakout As Bulls Return After Brutal Correction Solana has finally shown signs of life after weeks of relentless selling pressure. Following a sharp correction that drove SOL to a low of $95, the asset bounced over 25% since Monday, signaling renewed buying interest. The recovery came in tandem with a broader market rebound triggered by U.S. President Donald Trumps announcement of a 90-day pause on reciprocal tariffs for all countries except China, whose tariffs were raised from 125% to 145%. Pillows shared a chart suggesting that Solana is once again testing a key trendline resistance, and capitulation may have already occurred. According to Pillows, this could be the turning point for Solana provided bulls can secure a decisive daily close above $130. Looking forward, multiple bullish catalysts are lining up for Solana. The highly anticipated Firedancer upgrade is expected to significantly boost scalability and performance. In addition, talks around the potential approval of Solana ETFs, as well as its inclusion in the Digital Asset Stockpile, add to investor optimism. On-chain activity is also rising, with stablecoin supply on Solana up 140% and DEX volume seeing a notable resurgence. If SOL can push past this trendline resistance and close above $130, a sustained rally could follow one that finally shifts market sentiment back in favor of bulls. Related Reading: Solana Eyes $200 Target As It Gains Momentum Recovery Could Mirror 3-Month Downtrend SOL Price Holds Key Support as Bulls Eye Recovery Solana (SOL) is currently trading at $117 as bulls attempt to reclaim momentum after weeks of selling pressure. The short-term goal remains clear: reclaim the $125 resistance zone, which has acted as a major barrier since the recent downtrend began. A decisive push above this level could open the door for a run toward $145, where the next liquidity zone sits and a full recovery rally may begin. However, maintaining support above $112 is absolutely critical. This level has become a key pivot area in the 4-hour chart, and bulls must defend it to avoid triggering a bearish reversal. If this support fails, the probability of SOL dropping back below the $100 mark increases significantly, potentially reigniting panic selling. Related Reading: XRP Network Activity Hits All-Time High Despite Market Volatility Bullish Signal? Despite market-wide volatility, SOL has shown resilience, bouncing more than 25% from its recent lows around $95. This upward momentum, however, needs to be sustained with consistent volume and strength above resistance levels. Investors are closely watching for a breakout above $125 as a potential confirmation that the recent bounce is more than just a relief rally. Until then, Solana remains in a tight range, with $112 and $125 defining the immediate battle zone. Featured image from Dall-E, chart from TradingView

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Solana Bears Eye $113 Target If Ascending Structure Breaks Down Details

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Mar 30, 2025 12:05

Solana Bears Eye $113 Target If Ascending Structure Breaks Down Details

Solana (SOL) is currently holding above the $125 mark, a level that has acted as support in recent weeks. While this may appear a sign of strength, the broader sentiment around SOL remains cautious. Analysts are warning that the latest surge in price could be nothing more than a bull trap, setting the stage for further downside. Despite the recent bounce, price action continues to show weakness, with lower highs forming on multiple timeframes a classic sign of bearish continuation. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish Analyst The overall crypto market remains under pressure, and many investors fear that a deeper bear market could be unfolding. Macroeconomic uncertainty, combined with rising risk-off sentiment, has added to the concern. As a result, confidence among retail and institutional investors is fragile. Some are exiting positions, while others are choosing to hold through the volatility, sitting on unrealized losses in hopes of a long-term recovery. With SOL struggling to establish clear momentum, analysts believe the path of least resistance remains to the downside unless bulls can reclaim higher levels with strong volume. A failure to maintain the $150 level could confirm bearish continuation and open the door for a move toward lower support zones. Until buyers return with conviction, Solana remains in a precarious position caught between the fading momentum of a short-lived rally and the growing weight of market uncertainty. The coming days will be crucial in determining whether SOL can recover or if more pain lies ahead. Solana Key Test As Bearish Sentiment Grows Solana price action shows signs of weakness as bulls struggle to build momentum. The recent market surge brought temporary relief to altcoins, but many analysts warn it may have been a bull trap a short-lived rally within a larger downtrend. With volatility rising again, Solana is now facing a critical test that could define its short-term direction. Investor sentiment remains divided. Some fear a deeper bear market is on the horizon, pointing to macroeconomic instability, rising interest rates, and broader risk-off sentiment. Others continue to hold through unrealized losses, hoping for a long-term recovery despite mounting uncertainty. As SOL trades in this fragile zone, conviction remains low, and every move is being closely watched. Runefelt highlighted a significant technical risk: if Solanas current ascending support fails, the token could drop to as low as $113. This support line has so far held up against sell pressure, but repeated tests without a clear bounce raise the risk of a breakdown. A drop to $113 would mark a major correction and erase much of the gains made earlier in the year. Until bulls can reclaim higher resistance levels and confirm a breakout, the dominant trend remains bearish. Analysts are warning that unless Solana can hold its current structure, the next leg down could come quickly. With the market on edge and momentum fading, Solanas price action over the coming days will be crucial in determining whether the asset can stabilize or if further declines are ahead. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally Details Bulls Aim To Reclaim Momentum Solana (SOL) is trading at $128 after two consecutive days of selling pressure, which erased a portion of its recent gains and pushed the asset back below key resistance levels. The markets sudden shift in sentiment has left bulls on the defensive, with price action weakening across the board. For SOL to regain momentum and confirm a bullish reversal, reclaiming the $180 level in the coming days is essential. The $180 zone has acted as a significant resistance point during previous rallies, and a decisive move above it would likely trigger renewed buying interest and open the door to a broader recovery. Without this breakout, however, the outlook remains fragile. If bulls fail to push prices higher and reclaim critical levels, Solana risks falling deeper into bearish territory. Continued weakness could lead to another leg down, as traders eye lower support zones and brace for a potential bearish surge. Related Reading: Ethereum Fails To Break $2,100 Resistance Growing Downside Risk? Market conditions remain volatile, and macro uncertainty continues to weigh heavily on risk assets. For now, SOLs short-term future hinges on whether buyers can step in soon and drive a move back above the $150$180 range to avoid a steeper decline. Featured image from Dall-E, chart from TradingView

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