World Crypto Global Official Site | solana support level

Author: Sebastian Villafuerte

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

View Details

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

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

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

View Details

Solana Breakdown Fails Holding $205 Is Crucial To Trigger a Push Higher

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 05, 2025 12:05

Solana Breakdown Fails Holding $205 Is Crucial To Trigger a Push Higher

Solana experienced extreme volatility on Sunday and Monday as the market reacted to fears of a U.S. trade war. The uncertainty sent the entire crypto space into a sharp sell-off, with SOL dropping over 25% from its Saturday highs. However, sentiment quickly shifted after reports emerged that President Trump is in negotiations with Mexico and Canada to lift tariffs, sparking a rapid market recovery. Related Reading: Ethereum Long-Term Bullish Structure At Risk $2,700 Support Is Key for a $7K Target Solana has since bounced nearly 25% from its lowest point, reclaiming key levels that suggest bulls are back in control. Top analyst Jelle shared a technical analysis on X, revealing that this was likely a failed breakdown for SOL. If the price holds above key demand zones, another push toward new highs is expected. With volatility at extreme levels, Solana traders remain cautious, but the structure still looks promising for a bullish continuation. The coming days will be crucial in determining whether SOL can sustain its recovery and break into new all-time highs. A confirmed hold above $205 will strengthen the case for further upside, while losing this level could lead to another leg down. The battle between bulls and bears continues, but for now, Solanas resilience is proving strong. Solana Holds Strong Amid Market Volatility Solana has experienced one of the most aggressive daily price moves in recent years, sending shockwaves through the market. After reaching an all-time high in late January, SOL has dropped over 40% in less than two weeks. This rapid decline has sparked fear among investors, with many expecting further losses in the coming weeks. The uncertainty surrounding macroeconomic factors, including U.S. trade war tensions, has only fueled this sentiment. However, not all analysts are convinced that the worst is ahead. Top analyst Jelle shared an analysis on X, revealing that Solana’s price action resembles a failed breakdown rather than a true bearish trend shift. Jelle states that if SOL holds above the $205 mark in the coming days, the market is set for another push toward the highs. This level has proven to be a critical support zone, and a strong defense by bulls could signal a renewed uptrend. Solana has been one of the top-performing assets since 2023, and its ability to recover from deep pullbacks has solidified its position as a market leader. The blockchain’s ecosystem continues to expand, and its high-speed, low-cost transactions make it an attractive option for developers and investors. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum Metrics Additionally, meme coins and NFT projects built on Solana have fueled strong demand, contributing to its price action outperforming most other altcoins. If SOL reclaims the $220 level and consolidates above it, another leg toward all-time highs would be on the table. A break below $205, however, could signal deeper consolidation or even a correction toward the $180 support zone. Price Action Details: Key Demand To Hold Solana (SOL) is trading at $208 after failing to reclaim the 4-hour 200 moving average around $221. This level has acted as a key resistance, preventing SOL from regaining bullish momentum in the short term. If bulls want to regain control, they must push the price above this level and hold it as support to confirm a trend reversal. For now, SOL remains in a tight range, with the $200 mark acting as an essential demand zone. If this level holds, a potential recovery could send the price back toward the $221 resistance, where a breakout would signal a continuation toward higher levels. However, if SOL struggles to maintain $200 as support, selling pressure could intensify, leading to a drop toward the $190 level. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure What This Means Market sentiment remains mixed, with investors watching key levels closely to determine the next move. The broader market trend and Bitcoins performance will also play a crucial role in SOLs short-term direction. A strong bounce from $200 would provide confidence for bulls, while a breakdown could signal further downside. The coming days will be critical for Solana as it battles to reclaim lost ground and avoid deeper corrections. Featured image from Dall-E, chart from TradingView

View Details

Is Solana In A Macro Trend Move? Charts Show Potential Shift

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Mar 01, 2025 12:05

Is Solana In A Macro Trend Move? Charts Show Potential Shift

Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading: Dogecoin Open Interest Declines 67% In Three Months Can Meme Coins Recover? Panic has taken over the market, and traders are growing fearful that Solanas correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls have been unable to defend key demand zones, allowing bears to maintain control. Top analyst Ali Martinez shared a technical analysis on X, stating that Solana appears to be experiencing a macro trend shift from bullish to bearish. If SOL fails to recover key levels soon, it could signal a deeper downtrend and further selling pressure in the coming weeks. For now, investors are closely watching Solanas next move. If SOL can reclaim key resistance levels, it could stabilize and possibly trigger a recovery. However, failure to hold above current prices could lead to an extended bearish phase, increasing the risk of further declines. Solana Facing Serious Selling Pressure Solana is trading below crucial daily support levels, invalidating the bullish structure thesis that many traders were holding onto. The price action has been weak, with Solana now caught in a high time frame range between $120 and $220. If bulls fail to defend the lower end of this range, Solana could face the risk of a prolonged bear market. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown Analyst Forecasts A Big Move The current price breakdown suggests that bears remain in control as selling pressure continues to mount. Solana has struggled to reclaim momentum, and the once-strong uptrend that started in July 2023 is at risk of collapsing. Analysts are now monitoring whether SOL can hold above the $120 support level, as a failure to do so could trigger a deeper correction. Martinez’s technical analysis states that Solana appears to be experiencing a macro trend shift. Martinez explains that the bullish trend that started in mid-2023 is on the verge of breaking, and if SOL continues to lose key demand levels, it could confirm a long-term bearish phase. Investors are now waiting for a confirmation move. If Solana can reclaim key resistance levels, bullish momentum could be reestablished. However, if the price fails to hold support and breaks below $120, it may indicate the start of a bear market for Solana. Price Testing Long-Term Demand Solana is trading at $130 after experiencing a 33% drop in less than two weeks. The market is in panic mode, with selling pressure overwhelming bullish attempts to reclaim key levels. Bulls have lost control of the price action, and Solana is struggling to find strong support. At this stage, the most crucial level to hold is $120. If SOL falls below this mark, it could trigger a deeper correction and push the price into uncharted bearish territory. However, if buyers step in and defend this level, Solana could stabilize and prepare for a potential recovery rally. For a trend reversal, SOL must reclaim the $160 level as soon as possible. This would help restore bullish momentum and shift market sentiment back toward optimism. However, this process could take time, especially given the current uncertainty and broader market weakness. Related Reading: Long-Term Dogecoin Holders Are In Denial On-Chain Metrics Expose Weakness A consolidation phase around the $120$140 range is possible before any meaningful recovery takes place. If Solana holds above support and demand starts increasing, a strong bounce could follow. However, failure to hold these levels could confirm a bearish trend, extending the correction even further. Featured image from Dall-E, chart from TradingView

View Details

Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 20, 2025 12:05

Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday?

Solana has experienced intense selling pressure, now trading at its lowest levels since November 2024 and erasing all the gains from the post-election rally. Once a leader in the altcoin market, Solana is now facing serious risks as the meme coin euphoria that fueled its rise has turned into a bloodbath, raising concerns about its long-term sustainability. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum The speculative frenzy surrounding meme coins initially drove massive transaction volumes and liquidity to the Solana ecosystem. However, as the hype fades and major sell-offs continue, the impact is now weighing heavily on SOLs price action. Analysts suggest that the rapid cycle of speculation and liquidation has left Solana vulnerable to further downside. Crypto analyst Jelle shared an analysis on X, revealing that SOL took out the recent lows but managed to close above the previous lows, signaling a potential relief move. Jelle emphasized that this could be a crucial moment for SOL, as reclaiming key levels could ignite a strong recovery. However, the coming days will be critical, as the market awaits confirmation of a bounce or further downside. Investors are closely watching Solana’s price action, as it teeters on the edge of a major move. Solana Testing Critical Demand Levels Solana has faced massive selling pressure since reaching its all-time high in late January, with its price now struggling to recover amid a broader downturn in the altcoin market. Negative sentiment continues to dominate as the meme coin frenzy that once fueled Solana’s growth has turned into a liability, dragging down liquidity and investor confidence. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level Time For A Breakout? The rapid rise and fall of speculative meme coins on the Solana network have created an unstable trading environment, with traders hesitant to reinvest in the ecosystem. This shift has led to a decline in decentralized exchange (DEX) volumes, further exacerbating Solana’s struggle to maintain bullish momentum. The network’s fundamentals remain strong, but price action suggests that investors are growing cautious. Jelle’s analysis on X reveals that SOL took out the recent lows but managed to close above the previous lows. While this signals a potential relief move, it is far from confirming a full recovery. Jelle wants to see a strong bounce from hereideally with SOL reclaiming $185 before the end of business on Friday. Traders and investors are keeping a close watch on the 3-day and weekly candle closes to determine the next major move for Solana. A successful reclaim of the $185 level could restore confidence and push the price back toward $200. However, failure to do so might lead to further downside pressure, as Solana remains vulnerable to broader market movements and the ongoing volatility in the meme coin sector. SOL Price Trying To Reclaim Key Levels Solana (SOL) is currently trading at $173, holding above the crucial $170 support level. Bulls must defend this price to maintain short-term momentum and prevent a deeper correction. A push above the $185 mark is essential for a recovery, as this level aligns with the 200-day moving average, a key indicator of long-term strength. Reclaiming this level would signal a shift in momentum and open the door for a stronger upside move toward higher resistance levels. However, if SOL fails to push above the $185 mark in the coming days, selling pressure could intensify, leading to another downturn. Bears remain in control as long as the price stays below this critical threshold, and a rejection at $185 could trigger further downside, potentially revisiting support around $160 or lower. Related Reading: Dogecoin Pulls Back To The Golden Ratio Analyst Expects A Bullish Reversal The coming days will be crucial for Solana, as traders watch for confirmation of a reversal or a continuation of the bearish trend. A breakout above $185 could provide the momentum needed for SOL to regain its bullish trajectory, while a failure to reclaim this level would likely result in further losses. Market sentiment remains fragile, with investors closely monitoring price action for any signs of a sustainable recovery. Featured image from Dall-E, chart from TradingView

View Details

Contact Info