Solana At A Crossroads: Consolidation Before The Next Major Surge?
In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation…
Solana Could Dominate Markets Next Month, Says Top Analyst
Daily price action in the SOL/BTC pair is beginning to paint a sharply different picture from the one that dominated the first quarter, according to a chart shared on Sunday by veteran trader Josh Olszewicz. The one-day chart sets out a textbook inverse-head-and-shoulders (iHS) basing pattern that has been forming since early March and is…
Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout
Solana is showing signs of pre-breakout behavior as it consolidates below an important price threshold. According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solana’s current trading behavior suggests that a move above this level could ignite a fresh bullish push…
Is The Solana Bottom In? Experts Answer
In a new technical analysis shared via X, crypto analyst Scott Melker aka The Wolf Of All Streets (@scottmelker) highlighted a critical support-resistance setup for Solana (SOL), emphasizing what he views as a textbook bounce off of a key technical level. “Picture perfect bounce off of $112 support. Double bottom would confirm with a break…
Solana Bearish Continuation: $118 Support, The Last Barricade Against Deeper Correction
Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant, preventing any meaningful upside momentum. If SOL fails to hold this key support, it could trigger a wave of panic selling, accelerating losses and exposing the…
Solana Futures ETFs Hit Wall Street — Will SOL Soar Or Crash?
Florida-based Volatility Shares LLC is launching two exchange-traded funds (ETFs) tied to Solana futures. According to a filing with the US Securities and Exchange Commission (SEC), these products will begin trading today—marking the first time traditional finance (TradFi) investors gain specialized ETF access to all of the five largest cryptocurrencies by market capitalization. The CME…
Solana Price To Drop To Double Digits? Major Levels To Watch For Entries
Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash. Major Levels To Watch As Solana Price Risks Drop To Double Digits In a major support zone, indicating that SOL risks dropping…
Solana Faces Make-Or-Break Moment As $1.77 Billion Unlock Looms
In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana’s ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last…
Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22?
The Solana price is on the verge of a possible meltdown reminiscent of Terra‘s (LUNA) infamous collapse in 2022. A crypto analyst who identified this bearish trend in the Solana price action has projected a drastic crash to new lows at $22. Solana Price Action Mirrors LUNA’s Catastrophic Collapse A pseudonymous crypto analyst on TradingView…
Trump’s Crypto Czar David Sacks Is Super Bullish For Solana: Here’s Why
Solana (SOL) could be one of the biggest winners from the nomination of David O. Sacks as White House Director of Artificial Intelligence and Cryptocurrency. President-elect Donald J. Trump has appointed David Sacks as “Crypto Czar” on Thursday. Trump stated that Sacks will work to develop a legal framework to provide the crypto industry with…