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Author: Sebastian Villafuerte

Solana Turns Bullish On 8H Chart Break Above $147 Could Confirm New Trend

Solana is now at a critical juncture as it trades around a pivotal price level that could determine its short-term direction. After weeks of selling pressure and underwhelming price action, bulls are attempting to regain controlbut success hinges on reclaiming higher resistance zones. Without a decisive move upward, Solanas price action may continue to follow the broader downtrend that has defined the last few months. Related Reading: Over 1.9M Ethereum Positioned Between $1,457 And $1,598 Can Bulls Hold Support? Meanwhile, macroeconomic tensions continue to escalate. Trade conflicts between the United States and China are intensifying, with both nations imposing aggressive tariffs. This has created a high-risk environment across global financial markets, and altcoins like Solana are particularly vulnerable. With uncertainty rising and investor sentiment turning cautious, digital assets are under growing pressure. However, there is a glimmer of technical optimism. Top crypto analyst Crypto Seth shared an analysis suggesting that Solana has flipped bullish on the 8-hour chart. According to his view, if SOL can break above key resistance, it could confirm a trend shift and trigger a potential recovery rally. Until then, traders are watching closely as Solana navigates a critical support-resistance battleground amid a volatile macro backdrop. Bulls Must Hold the Line as Market Faces Trade War Pressure Solana is currently trading in a make-or-break zone, having lost 55% of its value since reaching its all-time high in January. This decline mirrors a broader crypto and equities market correction that began when macroeconomic tensions escalatedmost notably due to rising inflation, global instability, and intensifying trade war rhetoric between the United States and China. Bulls now face a critical moment. Solana must hold current levels and reclaim key resistance zones to spark a recovery rally. Failing to do so could open the door to a sharp meltdown in price, particularly if macro conditions continue to deteriorate. US President Donald Trumps unpredictable policy decisions, especially surrounding tariff impositions, have created a hostile environment for risk assets like Solana. Ongoing tariff escalations with China are only adding to market uncertainty, further weighing on investor sentiment. However, there is a glimmer of hope from the technical side. Seth shared insights suggesting that Solana has flipped bullish on the 8-hour chart. According to his analysis, a break above the $147 level would confirm a trend shift and potentially pave the way for a sustained recovery. For now, all eyes remain on whether SOL can clear this level or face renewed pressure in a volatile global climate. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours Smart Money Or Bull Trap? Solana Faces Pivotal Resistance: Can Bulls Break Through? Solana (SOL) is currently trading at $132 after several days of struggling to reclaim this key resistance zone. Price action remains uncertain, and bulls must now show strength to avoid a deeper correction. Reclaiming the $132$135 range is crucial, as it could confirm short-term momentum and signal the start of a recovery rally. To establish a higher high and shift the current downtrend structure, SOL must push decisively above the $150 level. This area has served as a strong rejection point in previous attempts and stands as the next major test for bullish continuation. A clean breakout above this level could open the path toward higher targets and renewed investor confidence. However, if bulls fail to defend the $125 support level, Solana may risk a drop back to lower demand zones around $100or potentially even lower, depending on broader market conditions. Macroeconomic uncertainty, continued trade tensions between the U.S. and China, and overall weakness in altcoins are all contributing factors weighing heavily on SOLs price. Related Reading: Solana Retests Bearish Breakout Zone $65 Target Still In Play? For now, traders are watching the $135 level closely. A breakout above this key threshold could shift the tide in Solanas favor. Until then, caution remains warranted. Featured image from Dall-E, chart from TradingView

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Solana Holds Bullish Pattern Expert Sets $140 Target

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Mar 18, 2025 12:10

Solana Holds Bullish Pattern Expert Sets $140 Target

Solana (SOL) has been under intense selling pressure, with the price failing to reclaim key resistance levels after weeks of fear-driven market conditions. Bulls lost control when SOL dropped below $180, a crucial support level that previously held firm. Since then, bearish sentiment has dominated, with speculation rising about a potential bear market for SOL and the broader altcoin sector. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours Bullish Accumulation? Despite this negative outlook, there may be a glimmer of hope for Solana bulls. Top analyst Ali Martinez shared a technical analysis on X, revealing that SOL is forming a bullish channel in the short-term time frame. This pattern suggests that if Solana holds within this formation, a surge to higher price levels could follow. For this bullish scenario to play out, SOL must hold the lower trendline of the channel and push toward higher resistances. A breakout from this pattern could signal a strong recovery, potentially reversing the downtrend that has dominated the market for weeks. However, if Solana fails to maintain this structure, the risk of further downside remains high. The next few days will be crucial in determining SOLs short-term direction. Solana Faces Risks Amid Volatility Solana has faced relentless selling pressure since hitting its all-time high of $261 in January, now down 61% from that peak. As hopes for a massive bull run fade, speculation around a potential bear market continues to grow. The broader macroeconomic environment remains unfavorable, with trade war fears and economic uncertainty pushing down not just the crypto market but also the U.S. stock market. Investors are now looking for signs of a reversal, and technical indicators suggest a potential short-term recovery. Martinez’s analysis on X reveals that Solana is forming a bullish channel and is eyeing a climb from the channels base to the upper resistance at $140. If this pattern holds, SOL could push toward $140 and even higher levels, signaling a relief rally. For this bullish outlook to materialize, Solana must maintain its current trendline support and break through key resistance levels. If SOL fails to hold this channel, it could face further downside, reinforcing fears of a prolonged bear market. The next few days will be crucial in determining whether Solana can reclaim momentum or continue its downward trajectory. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours Is A Rally Incoming? Solana Struggles As Bulls Fight to Regain Momentum Solana (SOL) is currently trading at $129, following days of consolidation between $136 and $111. The price action remains uncertain, with bulls struggling to regain control after weeks of selling pressure. For a potential reversal, SOL must break above the $140 resistance level and push toward $160, a key level that would signal a shift in market structure. If bulls successfully reclaim these price points, a stronger recovery phase could begin, potentially attracting new buyers back into the market. However, if Solana fails to hold the $125 support, it could trigger a wave of selling pressure, sending the price toward lower demand zones. A break below this level could expose SOL to a drop toward $110 or even lower, reinforcing concerns that the current downtrend is far from over. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally Insights The next few trading sessions will be crucial in determining whether Solana can reclaim momentum or if further declines are ahead. Featured image from Dall-E, chart from TradingView

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Solana Bull Flag Signals A Breakout To $300 Analyst Shares Key Levels

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Dec 19, 2024 12:05

Solana Bull Flag Signals A Breakout To $300 Analyst Shares Key Levels

Solana (SOL) finds itself at a critical juncture as it tests demand at a price level that previously acted as key resistance. Since late November, SOLs price has been in a retrace, dampening the hype surrounding the cryptocurrency. The prolonged decline has left investors uncertain about the next move for Solana, with many questioning whether it can regain its bullish momentum. Related Reading: XRP Consolidation Could End Once It Clears $2.60 Top Analyst Expects $4 Soon Top analyst Jelle recently shared a technical analysis on X, shedding light on Solanas current setup. According to Jelle, Solana has formed a falling wedge patterna classic bullish formationinto what was once a critical resistance level. The price has confirmed this level as support, providing a potential foundation for a significant rally in the near term. If the support holds, it could reignite bullish sentiment and position Solana for another strong run. However, a failure to sustain this level may signal further downside, potentially eroding confidence in its long-term trajectory. As Solana navigates this pivotal moment, all eyes are on whether it can reclaim its former glory and capitalize on the momentum. Solana Finding Fuel To Take Off Solana has experienced a 23% retrace from its local high of $264, set on November 22. Despite this decline, the cryptocurrency is holding firm above the $210 level, a crucial support zone that has analysts optimistic about a potential rally to new all-time highs. The resilience shown by SOL at this level suggests that bullish momentum may be building as the price consolidates. Top analyst Jelle recently shared his insights on X, highlighting a bullish technical setup for Solana. According to Jelle, SOL has formed a falling wedge pattern, a structure often indicative of an upcoming breakout. Importantly, the wedge aligns with a key resistance level that has now been confirmed as support, strengthening the case for further upward movement. Jelle also points out that Solana has formed its first higher low during this retracement, a potential signal that the asset is poised to resume its bullish trend. He believes Solana could re-enter price discovery before Christmas, forecasting a target of $300 in the coming days. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? However, risks remain, particularly if the consolidation phase continues for longer than expected. Should SOL fail to break out decisively, it could struggle to regain the upward momentum necessary to challenge new highs. For now, Solanas ability to hold above $210 will be critical in determining its next move. Testing Reactive Demand Solana finds itself at a critical turning point, trading at $216 and holding firm above the $210 marka level that once acted as significant resistance. This key support level now plays a pivotal role in determining whether SOL can ignite a historic rally. The current price action reflects growing optimism among investors, with many anticipating that staying above $210 for just a few days could trigger a sharp recovery. Analysts suggest that if SOL maintains its foothold above this critical level, a swift move toward $250 would likely follow. Such a recovery would position Solana to regain its bullish momentum and potentially challenge its all-time high (ATH). While this scenario might seem ambitious, SOL has previously demonstrated its capacity for rapid upward moves during similar conditions. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery BTC To $130K? A strong confirmation of support at the $210 level could attract fresh buying interest, creating the foundation for the next leg of its rally. With momentum on the horizon, the coming days will be critical in determining whether Solana can make history and aim for unprecedented price levels. Featured image from Dall-E, chart from TradingView

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Solana Breaks Above Key Resistance Top Analyst Sets $300 Target

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Nov 08, 2024 12:05

Solana Breaks Above Key Resistance Top Analyst Sets $300 Target

Solana has finally broken through a crucial resistance level that has kept the price subdued for months, sparking fresh optimism among investors. However, the breakout has yet to be confirmed, leaving room for excitement and caution. Prominent analyst and investor Carl Runefelt recently shared a technical analysis on Solana, highlighting that the cryptocurrency is on the verge of breaking out from a massive bullish pattern. According to Runefelt, if the breakout holds, this setup can propel SOL toward a $300 target in the coming months. Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance Details The days ahead will be critical for SOL as market sentiment and trading volume determine whether this push is a sustained rally or a bull trap. For Solana to confirm this breakout, it must maintain its upward momentum and establish support above the previous resistance. Investors are closely watching these levels, as a failure to hold could lead to a retracement. However, if SOL can solidify its position, it could begin a powerful rally toward new highs. The outcome will shape Solanas trajectory as it attempts to secure a place among the top-performing assets in the crypto market. Solana Testing Crucial Supply Solana is currently testing a critical supply level, a zone that will either drive SOL to new highs or send it back into consolidation. After pushing above the $185 marka key price level that now needs to hold as supportSolana is poised for a significant move. According to top analyst Carl Runefelt, who shared his technical analysis on X, Solana appears to be breaking out from a massive Symmetrical Triangle, a well-known bullish chart pattern. In his view, a confirmed breakout above this level could trigger a rapid surge to $300, a move that he believes would “destroy bears” and reinvigorate bullish sentiment. However, the coming days will be crucial in determining Solana’s direction, especially as the Federal Reserves interest rate decision is set to be announced today. If the Fed signals a rate cut or maintains current rates, it could fuel the rally by boosting risk-on sentiment in the market. A favorable environment from the Fed could lead to increased buying pressure on SOL, pushing it beyond its recent highs. Related Reading: Massive Bitcoin Short Liquidations Send BTC Above ATH Trump Win Sets A Bullish Environment Conversely, if the $185 level fails to hold, SOL might re-enter a consolidation phase, temporarily stalling the upward momentum. For now, all eyes are on the Federal Reserves decision and how it might impact broader market sentiment, which will play a critical role in determining whether Solanas bullish trajectory continues. A successful breakout here would not only confirm strength but could set the stage for Solana to challenge $300 in the coming months. SOL Technical Analysis Solana is currently testing the final resistance at $190, a crucial level that could pave the way for a challenge to its yearly highs around $210. For the bullish momentum to remain intact, SOL needs to break above and hold this level as support. However, achieving this may take several days as the market continues to digest the impact of Donald Trump’s victory and awaits the Federal Reserve’s decision on interest rates. If SOL fails to break above the $190 resistance, a consolidation phase between $180 and $190 could be healthy for price action. This range would allow the market to reassess and stabilize before making another attempt at breaking higher. However, its important that the price remains above the $180 mark during this consolidation. If SOL holds above this level, the uptrend can continue, with a potential push toward yearly highs. Related Reading: Ethereum Analyst Shares Correlation With S&P500 Last Dip Before It Hits $10,000? On the other hand, if the price drops below $180, it could signal a shift in momentum, putting the current uptrend at risk. For now, bulls must maintain control by keeping SOL above $180 while the broader market awaits the Feds decision, which could impact risk sentiment and Solanas next move. Featured image from Dall-E, chart from TradingView

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