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The Solana price has fallen by a considerable amount after hitting an all-time high of almost $300 back in January 2025. Even with the recent market recovery, the price is still sitting over 45% below its all-time high price, highlighting the struggles that the altcoin has faced in recent times. Amid this, a crypto analyst has suggested that the Solana price could crash even further from here, predicting a 40% crash could be in the cards once more. Why Solana Could See A Price Crash Crypto analyst The Alchemist Trader has highlighted the development of a rare bullish harmonic pattern on the Solana price chart. Now, while this pattern formation is inherently bullish for any digital asset, the shorter term does come with some hurdles for the altcoin to surmount first. Related Reading: Bitcoin Open Interest Climbs Above December 2024 Levels, Here’s What Happened Last Time The main thing to focus on here is that this bullish pattern does initially trigger a liquidity sweep of previous lows. In this case, the recent Solana price low lies at the $95 level, which is a 40% decrease from its current price, trending above $150. The possibility of this low sweep is made even more prominent by a couple of technical developments on the chart. The first technical point the analyst shows is the Point of Control (POC) Battle. According to the analysis, the Solana price is now testing this POC level with low momentum, shown by the slow climb over the last few days. Additionally, there is also mounting resistance at the Value Area High and the 0.618 Fibonacci level, which lies just above $163. Then, there is the completion of the C-leg of the wave, putting it as low as $95. A crash to this level becomes more likely if the Solana price fails to break through the resistance with conviction. If the price is rejected and the C-leg does play out, then this correction is expected to trigger the 40% crash to the $95 level. It’s Not All Bearish News As already mentioned above, the bearish leg of the rare bullish harmonic pattern is only temporary and often gives way to an even stronger impulse move. As the crypto analyst explains, the crash to $95 will only happen in the immediate short term, but it does not actually invalidate the overall bullish trend. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why Once the D-leg is over and the crash is completed, the crypto analyst predicts that the Solana price will start to rally again. From the predicted $05 lows, an over 100% move is expected to take it back to $200 and beyond before the rally is over. The analyst explains that “Until this scenario is confirmed or invalidated, Solana remains range-bound between major high time frame levels.” Therefore, “Traders should stay alert for signs of rejection at current resistance — or, conversely, a volume-backed breakout above the value area high that would negate the harmonic setup.” Featured image from Dall.E, chart from TradingView.com

Solana meme coin launchpad Pump.fun has lost a significant chunk of its market share to LetsBonk.fun. This comes just ahead of the former’s token generation event, in which the launchpad could raise up to $4 billion.  Solana’s Pump.fun Loses Dominance To LetsBonk.fun In an X post, Solana News revealed that Pump.fun has hit a new all-time low with just a 36% market share, while LetsBonk.fun’s market share has surged to 54%. Jup data also confirms this development. At press time, LetsBonk boasts a market share of 48.90%, with a 24-hour trading volume of $539 million. On the other hand, Pump boasts a market share of 39.80%, with a 24-hour trading volume of $438 million.  Related Reading: Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live This development comes amid Pump.fun’s proposed public token sale, scheduled for July 12. Well-known Solana influencer Lynk has described this token sale as the “final scam” for the meme coin launchpad. The platform has been under heavy criticism for the amount of money that it has extracted from the Solana ecosystem, without incentivizing community members in any way.  Some community members had expected Pump.fun to airdrop its token to rewards platform users instead of conducting a public token sale. Lynk shared details of the public sale, with the meme coin launchpad planning to sell the ‘PUMP’ tokens $0.004 each. The token boasts a total supply of 1 trillion, meaning a fully diluted value (FDV) of $4 billion.  However, Pump.fun plans to raise around $600 million from the public token sale, as only $150 billion tokens will be available. The meme coin launchpad is expected to also conduct a private sale in order to complete its $1 billion capital raise effort, as earlier reported.  LetsBonk.fun To Keep Dominating Pump.fun In an X post, crypto influencer Unipcs, also known as ‘Bonk Guy,’ opined that Pump.fun isn’t done, but that LetsBonk.fun will likely continue to be the industry leader. He predicts that this will be the case for the foreseeable future. He outlined several reasons why he believes this would be the case.  Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Firstly, he stated that LetsBonk’s pro-creator, pro-people, pro-Solana ecosystem alignment is a massive strength over Pump.fun. Secondly, Bonk Guy remarked that the strong culture of support within the BONK ecosystem is incredibly hard to replicate by any other platform in a short period.  Furthermore, the crypto influencer remarked that Pump.fun had a lot of momentum as a tokenless protocol, especially with a token generation event (TGE). However, LetsBonk.fun was able to flip the platform during this period. As such, Bonk Guy believes that it is hard to see Pump.fun sustainably recover the kind of market share it once had after the TGE event.  He also suggested that a “non-negligible amount of activity on Pump.fun is inorganic with a lot os users farming on the platform, hoping that there was going to be an airdrop. As such, the influencer believes that the traffic will dry up once the TGE is over. Featured image from Adobe Stock, chart from Tradingview.com

As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem and billed for triggering the revival of the blockchain, continues to receive a lot of support as a meme coin that could outperform as the market ushers in the next altcoin season. Solana’s BONK Meme Coin Is The Play Crypto analyst and trader Unipcs became popular in crypto circles on the social media platform X (formerly Twitter) after turning $16,000 into more than $10 million with a long BONK trade. Despite making what many have referred to as a life-changing trade, the trader has refused to close this trade, with the expectation that the meme coin will continue to rise. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 In a recent post, Unipcs has once again reiterated his support for the BONK meme coin and why he believes it’s a great play to be involved in. The post mainly points to bullish developments surrounding the Solana ecosystem and why BONK could be a way to maximize gains as the Solana price rallies. The first bullish development the crypto analyst points to is the fact that a Solana ETF is expected to hit the market soon. When this happens, the Solana price is expected to recover in response, possibly rising toward new all-time highs, something that would translate into more bullishness for meme coins domiciled on the blockchain. As for BONK, Unipcs explained that the meme coin acts as a 3X leveraged bet on the Solana price. This is because historically, the BONK price has often risen 3X higher than any gains that Solana puts in. Its highly volatile nature as a meme coin also contributes to this, as it is prone to rapid bursts of rising prices, the same way it is prone to quick crashes. Related Reading: Bitcoin Price At $110,000: Why BTC Must Break Out Of This Wedge Furthermore, the expectations of a Solana ETF being approved by the Securities and Exchange Commission (SEC) are not the only thing propelling the bullishness of BONK. BONK, itself, also has a pending ETF filing with the commission, and the approval of a Solana ETF increases the likelihood of a BONK ETF approval, giving the meme coin even more fuel to rally. Given these bullish factors, the crypto analyst believes that being in BONK could be a good play, especially as the price remains 75% below its all-time high. “Ff we do get Solana season soon, you do not want to be underexposed to BONK,” Unipcs said in closing. Featured image from Dall.E, chart from TradingView.com

In a recent post on X, crypto analyst Grayhoood observed that Solana (SOL) is currently showing signs of a bullish trend. Over the past 24 hours, the price has climbed by 2.8%, with candlestick charts revealing a noticeable upward trajectory.  Solana Stochastics And CCI Signal Short-Term Strength Earlier in the day, SOL briefly dipped to around $151 but managed to recover steadily, reaching a current price of $155.35. Grayhoood pointed out that this short-term strength is consistent with Solana’s 7-day performance, which shows a modest 1.4% increase. However, the longer-term outlook remains volatile, with SOL still down by 3.9% over the past year.  Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Grayhoood revealed that technical indicators are suggesting a cautiously optimistic outlook for SOL. As price action continues to show signs of recovery, the Relative Strength Index (RSI) is likely positioned in a neutral zone, indicating the recent uptick. This positioning allows space for further gains, but also signals a potential shift into overbought territory if SOL’s price surges too rapidly. The Stochastic Oscillator and Commodity Channel Index (CCI) also point to short-term bullish momentum, especially with SOL breaking through the $154 resistance level. These indicators suggest that buyers are regaining control. However, Grayhoood cautioned that while momentum appears to be building, the recent price dip observed earlier in the day reveals that sellers are not entirely out of the picture. Recovery Gains Traction, But Yearly Losses Still Weigh In To further reinforce his claim, the analyst pointed to Solana’s moving averages, which currently present a mixed but insightful technical outlook. In the short term, the 7-day and 14-day moving averages hint at a hold or mild buying pressure. This aligns with SOL’s recent bounce from $151 to $155.35, signaling that momentum may be shifting in favor of the bulls. Related Reading: Solana’s Old Hands Are Moving—Is Trouble Brewing? However, when viewed from a broader lens, long-term averages continue to reflect lingering weakness. The 30-day and yearly trends, which show declines of 9.3% and 3.9% respectively, suggest that the larger market remains cautious. These figures reveal that while the recent gains are encouraging, they have not fully reversed the bearish structure seen over the past months. Overall, the analyst believes that despite the volatility seen over the past few weeks, market sentiment is beginning to lean bullish in the short term. Solana’s recent performance, supported by its ability to reclaim key levels and maintain upward momentum, offers a more favorable outlook heading into the near future. If current trends persist and key resistances are successfully challenged, the path may open for a broader shift in sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) is once again in the spotlight, as a market analyst has forecasted a massive rally that could propel the token’s price to new All-Time Highs (ATHs) by late 2025. The prediction suggests a staggering 140% surge from current levels toward a bold price target of $420 and beyond. Solana Prepares For Parabolic Move Toward $420 A fresh chart analysis shared by a TradingView crypto analyst, Master Ananda, reports that Solana has completed a textbook rounded bottom pattern, indicating a bullish reversal to new ATHs. Notably, the analyst forecasts that SOL is gearing up for a parabolic surge to $420, emphasizing that this bullish projection is not the cryptocurrency’s final target.  Related Reading: Analyst Tells Investors To Be Patient As Solana Price Hits Resistance The analysis, as stated earlier, is based on the formation of a rounded bottom pattern, which has been developing since early 2025. This pattern has now transitioned into a breakout structure, with the Solana price reportedly holding firm above the $160 support line — a level considered the baseline of the rounded bottom and a psychological stronghold for the market.  Notably, Solana faced a strong rejection at a key resistance area on May 23. However, despite the pullback, Master Ananda emphasized that the price action remains resilient, suggesting that bullish momentum is still intact and the dip has not altered the altcoin’s positive long-term outlook in the months ahead.  In addition, Solana also dropped to a low on May 19, marked by the blue line on the price chart. Despite this, the analyst strongly asserts that there is “absolutely no bearish action” on the current chart.  As long as the $160 level holds, the current trend is likely to accelerate toward higher Fibonacci resistance levels, culminating in the 1.618 extension at around $419.78. This bullish target would represent approximately 140% growth from the current price of around $178 and would place Solana at a new all-time high.  Interestingly, Master Ananda noted that even if Solana falls below the key support level, it would be of little concern. Such a move would likely signal a market shakeout or a bear trap rather than a pullback or an invalidation of Solana’s bullish thesis. This view stems from the belief that SOL’s bullish bias has already been confirmed, positioning the market for potential strong growth over the long term.  The key point of Master Ananda’s analysis is that Solana’s rise is expected to be sudden and powerful, leaving those on the sidelines regretting missed opportunities. As the market matures and liquidity improves following Bitcoin’s steady rise, the sharp upside potential for Solana could unfold much quicker than anticipated.  Macro Catalysts Align For Massive Crypto Growth While explaining his bullish case for Solana, Master Ananda revealed that changes in macroeconomic factors could become a catalyst for astonishing growth in the crypto market. With the US Federal Reserve (FED) expected to initiate interest rate cuts in the coming months, the broader risk-on environment is set to benefit the crypto sector significantly. Related Reading: Solana Rebound To $900 Is Coming, But This Resistance Stands In The Way The analyst suggests that Solana’s current price levels, while not at absolute lows, still represent a significant buy zone. Master Ananda revealed that Solana’s potential is substantial, and as the next bull cycle gains momentum, $300 will no longer be seen as expensive. Before this happens, Master Ananda has stated that investors “should be fully invested and buy like it’s the end of the world”. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) is beginning to show signs of renewed strength as technical indicators hint at a potential breakout. On the weekly chart, the MACD is curling up and has recently crossed above the signal line, a bullish signal that often precedes major price movements. With momentum slowly building, traders are now watching closely to see if this shift marks the beginning of a larger rally. Momentum Builds For A Possible Solana Breakout In a recent X post, market analyst Willjayducks drew attention to a significant bearish divergence that unfolded on the Solana weekly chart. He pointed out that as the price surged into its blow-off top, the RSI and MACD indicators showed weakening momentum. This divergence between price action and momentum indicators is a classic technical pattern that typically precedes sharp corrections. Related Reading: Solana Flips Bullish: Price Climbs Above Ichimoku Cloud With Strong Momentum Following this setup, Solana experienced a steep decline, shedding approximately 67% of its value in just 84 days. According to Willjayducks, this dramatic drop suggests the bearish divergence has “arguably played out,” implying that the correction phase may be nearing its end.  He further elaborated that the MACD is now curling upward and has recently crossed above the signal line. This crossover suggests that the recent downward pressure may be easing, setting the stage for a potential recovery. According to his analysis, if SOL can gather enough strength and sustain its current upward momentum, the MACD line could eventually cross above the zero line, a more definitive bullish signal that typically confirms a shift in trend. Should this scenario unfold, the analyst believes Solana may be poised to push toward new highs, reigniting interest among traders and investors. However, he also noted a word of caution: if or when this bullish breakout occurs, he’ll be closely monitoring the chart for any emerging signs of bearish divergence, which could once again hint at an overheated market. Bearish Outcome Still On The Table In the climax, the analyst mentioned that there is still a chance things just fizzle out here and continue into a bear trend. Despite recent bullish signals and technical improvements, he cautioned that the current momentum might not be strong enough to sustain a full reversal.  Related Reading: Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? While price action may stall, leading the market back into a prolonged period of downside movement, Willjayducks emphasized that all we can do for now is watch price action closely and plan for all scenarios. Whether the market pushes higher or fades into weakness, he advised staying alert and adaptable. Featured image from Adobe Stock, chart from Tradingview.com

According to GemXBT on an X post, the Solana chart shows a promising recovery after a recent downtrend, with the price bouncing off a key support level around $168. This price action suggests that SOL has found a solid foundation at this support zone. Support levels like this are important in technical analysis, as they indicate areas where buying interest may be strong enough to halt a decline. A sustained bounce from this level could attract more buyers, fueling further upward momentum and setting the groundwork for a stronger rally in the coming days.  Solana Rebound Sparks Hope For A Renewed Rally GemXBT has observed that SOL is currently trading above the 5-day and 10-day moving averages, which is a key indicator of bullish price action. When an asset’s price remains above these moving averages, it suggests that the market sentiment is positive and that the asset could continue to trend upward.  Related Reading: Solana Price Rally Targets $360—But This Support Must Hold Additionally, a bullish crossover in the MACD has been noted, which further confirms upward momentum. The MACD crossover occurs when the MACD line crosses above the signal line. This is a widely recognized technical signal that suggests the market may continue to favor the bulls, supporting the case for more gains in SOL’s price. At the same time, the RSI is approaching neutral levels, suggesting that there is still room for movement in either direction and that the indicator is not yet in overbought or oversold territory. This neutral reading gives Solana the chance to build on its renewed bullish momentum without facing immediate resistance from overbought conditions. However, the key resistance for SOL is near the $180 level, which could present a hurdle for the ongoing rally. This price point will likely be an area where sellers may re-enter the market, potentially halting or slowing down the upward performance. A Broadening Wedge On The SOL’s 4-Hour Chart Whales_Crypto_Trading recently shared an insightful analysis on X, noting that Solana is approaching a key breakout point from a broadening wedge formation on the 4-hour chart. This chart pattern, characterized by fluctuating highs and lows, suggests that the market is experiencing increased volatility and that a decisive price movement is imminent.  Related Reading: Solana (SOL) Over $150 — More Upside on The Horizon? The broadening wedge typically precedes a breakout, and Whales_Crypto_Trading highlights that the likelihood of an upward breakout is growing. If the price breaks above the upper boundary of the wedge, it could signal the start of a strong rally. When this happens, the analyst suggests that it might trigger a significant uptrend, pushing the price toward key resistance levels at $215, $228, $243, and $265. These levels represent crucial targets where the price may face challenges, but a successful breach of these zones would pave the way for further upward movement. Featured image from Adobe Stock, chart from Tradingview.com

Solana’s native token is extending an impressive May run that has already carried the market-cap leader among non-EVM smart-contract platforms from $146 at the end of April to as high as $18” in Wednesday trading, the highest daily close recorded since mid-February. Against that backdrop, independent analyst More Crypto Online (MCO) released a fresh video update outlining why the move is technically “very full but not necessarily overextended or overstretched.” In the clip, MCO reiterates that the advance from the 30 April swing low traces out “a five-wave pattern” and stresses that, because “there was no confirmed top, one more high was still likely especially as long as this micro-support area held.” The micro zone he referenced earlier in the week lay between $159.67 and $168.23, a range Solana tested briefly before powering higher. Solana Could Surge To $360 Zooming in, the channel’s Elliott-wave count now shows five clean waves even on what MCO calls “the nano level,” a configuration that, in classical wave theory, typically finishes either an impulsive first wave or the terminating leg of a diagonal. “If it’s a five-wave move, it can be a so-called A-wave,” the analyst explains, which would “result in a B-wave, ideally a higher low, and then a C-wave up.” The alternative—and MCO’s preferred scenario—treats the structure as wave 1 of a much larger impulse that could ultimately “easily get to $360 or higher.” Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst For traders trying to calibrate risk in the near term, MCO isolates two numbers that matter most. On the upside he names $191.25 as “the next upside level to watch,” describing it as the 61.8 percent extension of waves 1 and 3—a textbook Fibonacci target for a fifth wave. On the downside he warns that “it takes a break below $172, which is the last swing low, to indicate that a price top has formed in wave 1.” In a follow-up post on X he put it even more succinctly: “5th wave to the upside is confirmed. $191.25 is the next upside level to watch … it takes a break below $172 … to indicate that a price top has formed.” Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move A clean, high-volume break of $191.25 would confirm that the immediate corrective risk has been deferred; a decisive daily close beneath $172 would instead signal that the first leg of the new advance has exhausted itself and that a retracement toward the upper-$160s or even the mid-$150s is underway. As ever, traders should remember that Elliott-wave projections are probabilistic rather than predictive. With volatility historically elevated in Solana, position sizing—alongside a clear plan for the two technical levels singled out in today’s analysis—remains the first line of defence. At press time, SOL traded at $180. Featured image created with DALL.E, chart from TradingView.com

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com

Just like the rest of the market, the Solana price had previously hit a roadblock as resistance mounted. This stopped its recovery dead in its tracks before hitting the $180 level, and triggering a downward spiral. However, a crypto analyst has cautioned investors against panicking during this time, explaining that this is the time to be patient. Wait For More Defined Trends In a TradingView post, crypto analyst SiDec explained the current situation surrounding the Solana price, warning investors to not be in a hurry to enter into the coin. They points out that at this level, where the Solana price has hit resistance, it presents a lot of risk for those rushing to get into the market. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 As explained, $175-$183 are historical resistance zones for the altcoin, so it is no surprise that investors are choosing these levels to exit after the recent market dump. Additionally, smart money is also looking for liquidity at these levels, and the Solana price is prone to false breakouts due to this development. When it comes to trading Solana, the crypto analyst explains that investors must wait for one of two things to happen. Either there is a pullback in the Solana price and it falls toward a “confluence-rich support zone” or wait for a clean breakout above the resistance at $183, as well as a retest and confirmation. With the current trend, the analyst identified the two key zones for the Solana price now. The first lies at $179.85, which was recently tested, and then $180.52, which is yet to be tested. The latter, at $180.52, holds the key as a break above this level would be the confirmation needed for a strong bullish continuation. Solana Price Completes Elliot Wave Count Another interesting development for the Solana price that the crypto analyst points out is the fact that the altcoin has completed a 5-wave sequence. The Elliot Wave Theory comes in only five waves and with the completion, it could mean that the bull rally is over for the Solana price. The next thing that could happen from here is that the price continues to correct, before confirmation leads to a bullish continuation. Related Reading: Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends The formation of the Fib Speed Fan pattern, as pointed out by the analyst, also suggests that the price could correct further from here. “The 0.618 Fib Speed Fan — drawn from the all-time high at $295.83 to the swing low at $95.26 — aligns perfectly with this resistance zone, adding more weight to the idea of a potential rejection or pause,” the analyst wrote. Given these developments, the crypto analyst has preferred possible entry points for long ad short positions. For bulls going long, the $165.42-$164.25 level could offer opportunity. While for short traders, the best setup shows a reversal play and entry at $200. Featured image from Dall.E, Chart from TradingView.com

Solana is still facing a lot of resistance and it seems that the $200 target is getting harder to reach. This has been made harder by the bearish market winds, as well as declining participation from investors in online activities. As such, the Solana price is still struggling to stay above $150. However, given that there is starting to be a turn in the market sentiment toward the positive, the Solana price could be headed for a quick rebound. This is echoed by crypto analysts who have predicted that the altcoin still has room to run and one in particular suggests that new all-time highs are even possible. Why The Solana Price Is Turning Bullish Crypto analyst TradingShot has explained why the Solana price has been turning bullish recently. In a recent analysis, they explain that the rebound at the beginning of April has shown strength in the digital asset. This came as Solana bounced off the 1-Week MA200 at the start of last month, and this bullish start carried on to the end of the month. Related Reading: Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again With the momentum built up, the altcoin saw multiple weekly closes, and eventually closed out the month of April with another green weekly candle. This has set it on a path toward the next critical level, which lies at the 1-Week MA50 and follows the blue trend line at around $170, as shown in the chart below. This level is now the major point to break if Solana is to continue its bullish run in the month of May. The interesting thing about this level, as the crypto analyst explains, is that if the SOL price is able to surmount it, then it is expected to turn into support for the altcoin. Support at $170 would be quite bullish for the Solana price, serving as a possible bounce off point toward $200 once again. Targets From Here As stated above, the first thing is for the Solana price to actually test and break the blue trend line at $170. If this is successful and the bottom is in, then the next big target from here is the $350 level. The crypto analyst explains that this $350 target is the higher high of the wedge. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Next, a clean break above $350 sets it on a clear path toward $900 as it sets higher highs. “Given that the recent 3-month correction was -67.23%, identical to the last correction (May 2021) of the previous Cycle, we expect one final rally to the 2.0 Fibonacci extension at $900, if the Higher Highs trend-line breaks,” TradingShot said. Featured image from Dall.E, chart from TradingView.com

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 phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision.  This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold.  The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly.  With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com

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 now approaching the neckline around 0.00162 BTC. At the time of the screenshot, SOL was quoted at 0.001588 BTC. With bitcoin changing hands near $94,765, that places Solana at roughly $150 per coin. The anatomy of the pattern is hard to miss: a March 19 low at 0.00127 BTC ($120) forms the head, flanked by higher swing lows on March 11 left shoulder). The left shoulders is currently in the process of forming. The horizontal neckline aligns with the late-December floor that broke down in February, converting sturdy support into equally sturdy resistance. Measured from the head to the neckline, the amplitude is roughly 0.00033 BTC; a clean breakout would imply a technical objective near 0.00195 BTC—conveniently the lower boundary of the Kumo cloud’s far edge. Solana Bulls Have A Target The chart is overlaid with a long-look Ichimoku configuration (20/60/120/30). At the latest close the Tenkan-sen sat at 0.00150 BTC, the Kijun-sen exactly on the neckline at 0.00162 BTC, and Senkou Span A printed 0.001742 BTC while Span B held higher at 0.002159 BTC. The cloud itself remains bearish—thick, red and overhead—yet the span differential is beginning to compress, signalling waning downward momentum. A decisive push into the Kumo would trigger the classic Ichimoku edge-to-edge trade, targeting Span B at roughly 0.00216 BTC (about $205). Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? The bullish setup is occurring only two months after the market completed the mirror image of the same pattern. From mid-December to early-February, SOL/BTC carved out a prominent head-and-shoulders, lost the neckline in early February and cascaded directly to March’s iHs. That down-and-up symmetry gives extra weight to the current formation by demonstrating how faithfully the pair has respected classical geometry during the past half-year. “1D SOL/BTC – iHS + E2E at some point but not soon, probably late May,” Olszewicz wrote on X. The analyst’s caution reflects the fact that price is still beneath both the neckline and the Kijun-sen, and the Kumo does not thin materially until the final week of May. A premature break attempt risks rejection into a final right-shoulder retest near 0.00151 BTC ($143), which is also where the Tenkan-sen currently resides. Notably, the Chikou Span (lagging line) remains below price and cloud, emphasising that trend confirmation is pending; both Ichimoku purists and pattern traders could therefore agree that 0.00162 BTC is the line Solana bulls must flip decisively. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play If the edge-to-edge objective is achieved, SOL would add roughly 26 % against Bitcoin from present levels and reclaim ground last seen in early February. Should the neckline reject yet again, downside protection is thin until the twin shoulders at 0.00145–0.00148 BTC; a break of that shelf would invalidate the bullish thesis and reopen the March trough. For now, the market is content to coil beneath resistance while the clock ticks toward the cloud’s inflection. Whether Olszewicz’s late-May timetable proves prescient will depend on Bitcoin’s own trajectory and the broader risk environment, but the price structure on the Solana/Bitcoin chart is clear: after a bruising winter, the bulls finally have a pattern worth defending. At press time, SOL traded at $149. Featured image created with DALL.E, chart from TradingView.com

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 even as the global market situation is bearish. Solana Finds Stability After False Breakdown The current structure of Solana’s price chart reflects a notable recovery after what the analyst described as a false breakdown below the range support zone. This false breakdown refers to the price crash between the last week of March and the first week of April, during which the Solana price briefly broke below $100. Notably, this break below $100 came as an extension of a decline run after a break below a key support range between $115 and $108. Related Reading: Solana Price To Drop To Double Digits? Major Levels To Watch For Entries After briefly dipping below key support, Solana quickly rebounded, and the market responded with renewed buying pressure that sent its price back above $130. However, this push is starting to slow down, with resistance at $136 and a consolidation phase between $130 and $136.  This consolidation range is proving to be an important zone for Solana’s bullish potential going forward, according to RLinda. This behavior is further reinforced by liquidity dynamics. The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136.  A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solana’s favor. If this scenario unfolds, the move would provide technical confirmation of growing strength among buyers. This bullish potential is notable, even as RLinda noted that the global market situation is bearish. Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLinda’s analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend. Crypto market dynamics also lend weight to the bullish outlook for Solana. Bitcoin, the dominant force in the crypto market, is itself undergoing consolidation and has been highly correlated with Solana’s movements in recent weeks. Should Solana manage to close and consolidate above $136, the chart opens up to a sequence of local targets, with the $140, $147, and $152 levels becoming the following areas of interest. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash – Here’s What You Should Know At the time of writing, Solana is trading at $ 134.80, up 0.5% in the past 24 hours and 15.6% in the past seven days. Even if the outlook is bullish, minor corrections may still occur as this process unfolds. In such a scenario, the Fibonacci 0.5 retracement, located around $125.28, will provide a cushion for price corrections. As such, any short-term dip from the current price level may be met with strong support and accumulation at the Fib retracement. Other support levels are at $129, $123, and $111. Featured image from Adobe Stock, chart from Tradingview.com

Solana has taken a sharp nosedive, losing nearly 22% of its value and trading around $98.09. This steep drop has sent shockwaves through the crypto community, sparking fears of an imminent larger breakdown. SOL is now flashing red across the board, with sellers firmly in control and bulls scrambling to defend critical levels. The decline highlights increasing bearish sentiment, likely fueled by technical breakdowns, weak market confidence, and rising concerns over broader economic trends. With the $100 psychological barrier now broken, all eyes are on the next key support zones. Is A Deeper Correction On The Horizon? In his recent post on X, King_Ab highlighted that Solana is currently trading around $98.09, marking a sharp 21.84% drop from its previous close. He further noted that the day’s trading session has been highly volatile, with SOL reaching a high of $120.07 and dipping as low as $98.06, underscoring the intense pressure in the market. Related Reading: Solana (SOL) Freefall—Can It Hold Above The $100 Danger Zone? According to King_Ab, this substantial drop in Solana reflects the broader downturn witnessed across the cryptocurrency market over the past week. The decline isn’t isolated but rather part of a wider trend of risk-off sentiment as investors react to global macroeconomic uncertainty and shifting market dynamics.  He pointed out that Solana’s market capitalization currently stands at approximately $51.15 billion, while its 24-hour trading volume hovers around $5.17 billion, indicating sustained trading activity despite the sharp correction. This combination of declining price and high volume could suggest either panic-driven sell-offs or aggressive repositioning by market participants Critical Support Breached: Can Solana Hold The Line Below $100? Solana’s drop below the key $100 mark signals a potential shift in momentum from bullish to bearish. This level has previously acted as a solid support zone, providing a bounce point during corrections. However, with the recent 21% decline, that line has been breached, and market sentiment is growing increasingly cautious. Related Reading: Solana Faces Defining Level At $120 – Will History Repeat? For SOL to regain its bullish momentum, it needs to swiftly reclaim and sustain levels above $100 to avoid further downside pressure. If this key level remains unheld, Solana might drop to the next support zone around $79.25. A break below this level could accelerate bearish sentiments, opening the door for an extended decline toward the $58.25 support area, where the bears may gain additional control. At this critical juncture, it’s essential to closely watch the price action for signs of stabilization or the risk of continued capitulation. As the bearish volume rises, Solana’s ability to reclaim the broken support level will likely dictate its short-term trajectory. Whether the price can recover above key levels will be a decisive factor in determining if the downtrend will persist or if a reversal is on the horizon. Featured image from Unsplash, chart from Tradingview.com

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 above $147, the swing high between the two bottoms. Don’t let anyone call it a double bottom until that happens. Regardless, nice bounce off of support with defined resistance to watch,” Melker stated. The analyst’s chart shows SOL rebounding from near $112, reinforcing that zone as significant short-term support. For a bullish double-bottom pattern to validate, Melker points to a breakout above the downtrend line (currently around $130). If SOL breaks this resistance, $147 will be the critical level that would need to be breached. Until then, he advises caution about prematurely labeling the formation as a confirmed double bottom. Solana Bottom In? Notably, these remarks come on the heels of unlocks. According to a post by on-chain intelligence firm Arkham on Thursday, “$200M OF SOL UNLOCKING TOMORROW. Tomorrow (4th April) marks the largest single-day unlock of staked SOL until 2028. These 4 accounts staked a total of $37.7M of SOL in April 2021, and are up 5.5x at current prices.” The scale of these unlocks has generated considerable discussion on social media. Related Reading: Solana Bearish Continuation: $118 Support, The Last Barricade Against Deeper Another trader, NooNe0x, took a more optimistic stance, remarking, “SOL unlocks. Looking at the bright side, today’s unlock was the last large block. Today alone is as much as 40% of everything that is still left. It is 78% done, May, June and only large-ish blocks left. Ripping the bandaid off.” In other words, with the bulk of significant unlocks possibly behind it, the supply overhang from locked tokens might be dissipating. Historically, major token unlock events—whether for Solana or other projects—have often been anticipated well in advance by traders and investors. Markets “price in” that large holders sell their old tokens, sometimes driving prices lower ahead of the actual unlock. Once the unlock date arrives, if the anticipated sell-off does not materialize as severely as feared (or if much of the unlocked stake remains off the market), prices have tended to stabilize and often recover in the days or weeks that follow. Related Reading: Solana Leads The Bull Case For Crypto, Says Multicoin’s Samani This pattern emerges because many holders, especially larger or early investors, may opt to restake or hold onto their tokens if they maintain a strong fundamental outlook. Meanwhile, short-term traders who had been betting on unlock-related volatility might close positions once the event passes. This “buy the rumor, sell the news” (or vice versa) dynamic can lead to price whipsaws around unlock periods, but no single outcome is guaranteed; much depends on how much actual selling pressure surfaces and broader market sentiment at the time. Meanwhile, Awawat, a trader and angel investor at APG Capital, cautioned that Solana could be in a precarious position despite holding above $100. “SOL absolutely shrekt – broke 170 range low, bounced at 120 a few times – now holding above 100 but the ice is thin – last big unlock tomorrow – will bid sub-100 if given but this looks rough given the state of the trenches,” he wrote. At press time, SOL traded at $115. Featured image from Shutterstock, chart from TradingView.com

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 price to deeper declines. With market sentiment hanging in the balance, all eyes are on whether bulls can stage a defense or if bears will finally break through, setting the stage for further downside. Solana Ongoing Bearish Trend In Focus The Solana price chart is currently displaying a bearish triangle formation, signaling a continuation of the downward trend. Initially, SOL attempted to break out above the upper boundary of the triangle, but the breakout lacked strong bullish momentum, leading to a swift rejection. This failure to sustain an upward move pushed the asset back toward the lower boundary of the triangle, where the $118 support level now comes into focus. Related Reading: Solana (SOL) Holds Steady After Decline—Breakout or More Downside? With continued selling pressure, Solana could face an extended bearish move, breaking below its current key support level and accelerating its decline. A confirmed breakdown beneath the bearish triangle would lead to a drop toward $118, the first major support zone. However, if the bearish momentum intensifies, this level may not hold. Below $118, the next significant support lies at $99, where some buyers could attempt to slow the decline. Should this level fail to provide stability, SOL could slide toward $79, a crucial psychological and technical support zone.  Continued weakness in market sentiment may push the price even lower, with $58 coming into play. For now, bulls must step in to defend these levels, or Solana risks an extended bearish phase. Can $118 Spark Up Bullish Again The $118 support level has emerged as a critical zone for SOL, with many traders watching closely to see if it can trigger a bullish turnaround. Historically, this level has acted as a strong demand zone, where buyers stepped in to absorb selling pressure and push prices higher. If similar market behavior plays out, SOL could see a rebound from this point. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details According to CURB, in an X post on March 15, he forecasted that Solana’s price eyes decline to the $118 support level before experiencing a potential rebound. He believes that strong demand in this zone could trigger a significant price surge to the $1,000 mark in the long run. Fundamental factors, such as positive news on Solana’s ecosystem, increased network adoption, or improved overall market sentiment, could also act as catalysts for a price recovery. A surge in buying volume, particularly from whales and institutional investors, is likely to provide the momentum needed to shift market sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Kyle Samani, co-founder and managing partner of Multicoin Capital, outlined his renewed Solana bull thesis in an interview with Frank Chaparro.. Multicoin, one of Solana’s earliest backers since its seed round in 2018, is doubling down on its conviction that Solana is the most strategically positioned blockchain to power the future of decentralized finance and payments. Samani made it clear that Multicoin’s outlook on the crypto sector has sharpened significantly over the years. “We’ve fundamentally recognized that these systems are financial systems, first and foremost,” he stated. “We need to be focused on investing in things that are fundamentally tied to innovations in finance.” Samani reflected on the broader downturn in venture funding across the crypto space, pointing to a necessary reckoning around utility and real-world applicability. According to DeFiLlama data cited in the interview, venture capital inflows have now dipped below 2017–2018 levels despite increasing regulatory clarity. Samani attributes this to an overdue market correction away from overfunded, non-viable projects. “People, LPs, have funded crypto venture funds with the implicit implication that crypto will substantially impact all parts of the economy. And I have a narrower view — I think it will have a very high impact in financial services. Otherwise, I generally don’t care.” Related Reading: Solana (SOL) Gains Capped—Breaking $150 Won’t Be Easy This recalibration has led Multicoin to double down on areas where product-market fit is finally emerging, including stablecoins, real-world assets (RWAs), decentralized physical infrastructure networks (DePIN), and cross-border payment systems. “We have these areas now where there’s definitive market fit,” Samani said, highlighting projects like Felix Pago’s remittance network in Mexico and growing interest in crypto-native labor marketplaces integrating stablecoin payouts. Solana’s Edge: Speed And On-Chain Order Books Central to Multicoin’s latest thesis is the growing realization that Solana remains unmatched in providing the speed, throughput, and cost structure necessary to support global financial applications at scale. “If you look at core L1 infrastructure, Solana is the fastest horse today,” Samani asserted. He emphasized that after five years since mainnet launch, Solana is now on the cusp of making fully on-chain order books not only possible but functionally competitive with centralized exchanges. “Latency was not low enough. Chain would fall over […] But as the chain has gotten more stable, as latency’s come down, as throughput is increased, that’s made it more usable for on-chain order books,” Samani explained. He expects the market to reach an inflection point in the next three to six months, where on-chain order books are “functionally usable for both makers and takers, comparable enough to Binance and Coinbase.” Key to unlocking this potential, according to Samani, is “conditional liquidity” — an innovation he believes is now within reach thanks to the maturity of the Solana ecosystem. Ethereum Vs. Solana Samani drew a sharp contrast between Solana’s singular optimization for financial use cases and Ethereum’s generalized approach. “Ethereum’s core problem is they’re not optimized for anything,” he argued. “The definition of focus is saying no to things. And they absolutely refuse to do so.” While Ethereum pursues roll-up-centric scaling, Samani remains skeptical of both the intra- and inter-roll-up challenges. “All of the rollups we have today are entirely centralized in their operations,” he noted. “Ethereum started off maximum decentralization […] and the path to scaling is to centralize and then re-decentralize. It strikes me as bizarre.” Related Reading: Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target In contrast, Samani believes Solana’s monolithic architecture — emphasizing low latency and high throughput — is best suited for building the backbone of Internet-native capital markets. “You have to be focused on latency, throughput, and gas cost,” he said. “Bitcoin and Ethereum from inception were always like, ‘Oh my God, scarcity.’ Solana’s perspective has always been, ‘Let’s let Moore’s Law do its thing and run a billion transactions in parallel.'” Regulatory Winds Shifting Samani also described a noticeable shift in the regulatory environment, referencing the White House Crypto Summit where he sat alongside major industry figures. “It was really awesome for me to see that they committed two hours, they sat there with us, they listened, they took notes, and they were asking really good questions,” he said. In Samani’s view, this new dialogue with Washington is already catalyzing changes in capital flows. Multicoin has seen several of its largest LPs — historically venture-only — express interest in their liquid hedge fund product. “Three of our largest LPs have all called us since the election and said, ‘Hey, we would like to explore your liquid fund.’ We feel pretty good that the tides are shifting.” Samani reiterated that, from a risk-reward standpoint, liquid markets — specifically top-performing tokens like Solana and its ecosystem projects — now offer the most compelling opportunities. “My general belief today is that the easiest money to be made in crypto is buying liquid names that are the winners in their respective areas.” Five years after backing Solana in its earliest days, Multicoin Capital remains unwavering in its conviction. “We underestimated the difficulty of on-chain order books,” Samani admitted. “But we never gave up on it, and I think we’re pretty close now.” At press time, SOL traded at $140. Featured image created with DALL.E, chart from TradingView.com

Solana (SOL) is back in the spotlight as its price rockets past the $137 level, marking a significant milestone in its ongoing rally. This surge comes amid a wave of renewed optimism in the crypto market, with Solana leading the charge as one of the top-performing assets. Furthermore, breaking through the $137 barrier is no small feat. This level had previously served as a key resistance point, and its breach signals a potential shift in market sentiment. Will this breakout pave the way for a sustained upward trajectory, or is a correction on the horizon as traders lock in profits? Solana Breakthrough: A Closer Look At the $137 Milestone From a technical perspective, the $137 level was a critical psychological barrier that had capped SOL’s price multiple times. Breaking through this resistance required strong buying pressure and positive market sentiment, both of which have been evident in recent weeks. Related Reading: Solana Price Faces Slowdown: Support And Resistance Levels To Keep An Eye On So far, SOL’s upward move has been backed by steady volume growth of over 100%, signaling strong market participation and increasing investor confidence. This surge in trading activity indicates that buyers are actively accumulating, reinforcing the bullish momentum and reducing the likelihood of a premature reversal. Additionally, momentum indicators like the Relative Strength Index (RSI) remain firmly in bullish territory, climbing up to 69%, which signals that the rally still has fuel. With Solana’s RSI now approaching the 70% level, it suggests that buying pressure remains strong, and bulls are in control of the market. For SOL to extend its gains, buying interest must remain strong, and key resistance levels must be cleared with conviction. If demand persists, the rally could continue, but a loss of momentum might lead to a consolidation or short-term retracement Price Targets: Where Could SOL Be Headed Next? With Solana maintaining its position above $137, traders are now looking ahead to potential price targets. If the uptrend continues, the next key resistance level to watch is around $164, a barrier that may determine whether SOL extends its rally. Furthermore, a successful break above this zone could open the door for a move toward $211, where previous price action suggests strong selling interest. Related Reading: Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target Beyond $211, SOL targets the $240-$260 range, a crucial area that would mark a significant recovery to its all-time high levels. However, sustained buying pressure and increasing volume are essential for a bullish scenario. On the downside, if Solana faces rejection at $164, a pullback could occur, with $137 acting as a key support zone. A breakdown below the level might shift momentum in favor of the bears, leading to a deeper correction toward the $118–$99 range. Featured image from Adobe Stock, chart from Tradingview.com

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 Group, the world’s largest futures exchange, introduced Solana futures on Monday. Building on that, Volatility Shares’ Solana ETF will replicate the performance of these Solana futures starting tomorrow. Meanwhile, the Volatility Shares 2X Solana ETF (ticker: SOLT) will offer double leveraged exposure for those looking for amplified returns in the still-nascent Solana futures market. “First-ever Solana ETFs in the US are launching in tomorrow from VolShares. Will track futures. One is 2x. Solana equiv of BITO and BITX,” commented Bloomberg analyst Eric Balchunas in a post on X yesterday. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target Despite the fanfare around these new ETFs, the initial enthusiasm for Solana futures seems relatively modest. Recent data shows that Solana futures have generated a daily nominal trading volume of approximately $12.3 million—a stark contrast to the early days of Bitcoin and Ethereum futures, which saw substantially higher figures at their respective launches. However, research firm K33 points out that the lower nominal volume aligns with Solana’s market capitalization when compared proportionally to Bitcoin and Ethereum’s size at their debuts. “With little fuzz and fanfare, SOL futures launched on CME yesterday. Launch day volumes were well below those of the BTC and ETH launches. However, if you normalize volumes to market caps at the launch days, the launch aligns closer to the two,” wrote Vetle Lunde, Head of Research at K33, in a X post. Solana Price At A Pivotal Point Solana is currently trading at $131.6, down more than 50% from its all-time high (ATH) in mid-January. Much of this downturn has been attributed to waning enthusiasm in memecoins—an area where Solana has been particularly active and has often been billed as an “Ethereum killer.” Related Reading: Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto Still, over the past 24 hours, Solana has gained more than 6%, partly buoyed by the broader crypto market’s reaction to the latest Federal Open Market Committee (FOMC) decision. While the Federal Reserve opted to keep its benchmark interest rate unchanged, the central bank also announced a significant slowdown in its bond runoff program—often referred to as “quantitative tightening.” Starting in April, the Fed will reduce its monthly government bond runoff from $25 billion to $5 billion, a move that many analysts interpret as bullish for risk assets like cryptocurrencies. From a technical perspective, the SOL price is approaching the 0.5 Fibonacci retracement level at $133, a threshold that closely aligns with the 100-day Exponential Moving Average (EMA) at $133.65. A daily close above both levels would be considered bullish, opening the possibility of a rally toward the 0.618 Fibonacci retracement at $166.7, which intersects with the 50-day EMA. In the longer term, traders are eyeing the mid-January ATH near $296 as a potential target—although conquering the immediate resistance levels remains a critical hurdle. Featured image from Shutterstock, chart from TradingView.com

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 TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone.  Related Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target The analyst noted that the Solana price has been in a slow uptrend over the past five days, after hitting the low at $112. He added that the current price action looks like an ABC corrective pattern, which could mean that SOL is setting up for lower prices. While alluding to the key levels to watch for entries, he SiDec noted that placing orders at key levels helps increase the chances of catching the right move without overcommitting too early.  He then discussed the resistance zone between $136 and $143. The crypto analyst remarked that the Solana price will likely struggle in that range, as the area contains multiple technical confluences suggesting a potential reversal or strong reaction. As such, SiDec stated that this range is a prime area to consider for short positions, especially if the price starts showing weakness.  On the other hand, SiDec revealed that a major demand zone is forming between $102.1 and $98.50 on the downside for the Solana price. He stated that this zone has multiple technical confluences, making it a high-probability long entry area. The analyst added that this zone presents a solid long opportunity for gradual scaling into positions as price moves deeper into support.  Market Outlook For SOL SiDec remarked that there is a short bias until the Solana price reclaims $143.80, with this level a strong resistance zone for potential short trades. For market participants looking to enter a short position, the analyst remarked that laddering into the resistance zone ensures better risk management and higher entry efficiency.  Related Reading: Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time Meanwhile, for a long setup, the analyst stated that starting small at $112 and increasing position size down to $98.50 ensures strong positioning in a high-confluence demand zone. He added that scaling into trades rather than committing at a single price increases flexibility, improves trade execution, and helps market participants adapt better to price movements. Further discussing the Solana price action, SiDec noted that the $100 target coincides with the 200 Exponential Moving Average (EMA) on the weekly timeframe, adding confluence to this strong support.  The analyst also mentioned that if the Solana price decisively breaks above $144, it would invalidate the short thesis and suggest a potential move higher toward $150. Meanwhile, a strong rejection from the resistance zone would likely accelerate the move toward $112 to test demand at swing low.  At the time of writing, the Solana price is trading at around $128, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency’s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana. Analyst Forecast Massive SOL Price Crash CoinMarketCap’s data shows that the Solana price has given up most of its yearly gains following its massive 50% price crash earlier last month. Despite this bearish performance, TradingView crypto analyst MadWhale highlights that the pain isn’t over yet, projecting an even deeper price decline for the popular altcoin.  Related Reading: Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22? The analyst believes that a 26% drop to $90 may be on the horizon if Solana fails to find proper support. Sharing a detailed price that supports his bearish prediction, MadWhale suggested that the Solana price is currently in a Descending Channel, indicating a sustained downtrend.  The chart shows that the altcoin’s price movement is making lower highs and lower lows, confirming its already bearish structure. Moreover, Solana is presently struggling to break above the key resistance area indicated by a straight red line above the $130 threshold.  The curved red arrow in the chart highlights the trajectory to which Solana is expected to move if it fails to surpass resistance levels. The $90 level is also marked as the main monthly support for the altcoin, where a potential bounce back or accumulation is set to arise. If Solana can retest this support level, MadWhale believes it could recover enough to sustain a lengthy upward trend.  While Solana’s overall price position and market trend are in the red, the TradingView analyst acknowledges that temporary bullish movements could happen. However, these minor fluctuations would be short-lived, as they are part of the broader downtrend.  Notably, MadWhale has marked the $100 mark as a psychological resistance level for the Solana price, where a decline toward this threshold could influence its market sentiment.  Solana Market Sentiment Switches To Fear Solana’s market sentiment recently hit 1-year lows, but on-chain data shows an even more volatile trend. The altcoin’s Fear and Greed index at 34 indicates that it may be approaching extreme fear zones. This suggests a potential period of panic-driven sell-offs by investors.  Related Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target CoinCodex’s data also highlights that Solana’s overall market trend is significantly bearish. Over the last 30 days, Solana has recorded more red days than green, signaling a prolonged downtrend. As a result of its bearish price action, CoinCodex indicates that now may be a bad time to buy the altcoin.  Commenting on Solana’s current market sentiment, crypto analyst Market Prophit notes that the crowd remains bearish on the cryptocurrency. However, smart money stays bullish, fueling hopes of a possible price reversal in the altcoin. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213. Solana Bulls Regain Momentum The chart, which spans from January into early March, shows a steadily declining pattern where price repeatedly tested and respected both the upper and lower boundaries of the channel before the latest bullish push propelled SOL beyond the channel’s resistance. The descending parallel channel highlighted in Martinez’s analysis is visually evident from a series of lower highs and lower lows, forming a consistent downward slope. Each brief recovery in previous weeks failed to clear the channel’s midline, reinforcing bearish pressure. However, once SOL’s price managed to rise above this midline, bullish momentum began to build, culminating in a decisive move through the upper boundary. This kind of channel breakout often suggests that sellers have been exhausted, allowing buyers to take control of the market. Related Reading: Solana Now Retesting Realized Price: Will Shift To Bear Market Happen? Notably, the breakout comes with two major catalysts for Solana. First, the massive Solana unlock by the FTX estate is done (March 1). Second, yesterday, US President Donald Trump announced the inclusion of Bitcoin, Ethereum, XRP, Cardano and Solana in the United States’ Strategic Crypto Reserve. One of the most critical elements in Martinez’s forecast is the $213 target, which is derived from the channel’s height from the breakout point in combination with 0.382 Fibonacci retracement level. Currently, in the aftermath of a breakout, a retest of the broken resistance is taking place —to turn it into support. The $160-165 zone is the area where buyers might attempt to defend the token’s new uptrend. To the upside, the key Fibonacci retracement levels above Solana’s current price of $170.19 are $174.11 (0.618), $192.62 (0.5), $213.11 (0.382), and $241.50 (0.236), with the full retracement level at $295.60 (0.0) serving as the ultimate bullish target based on the chart’s structure. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift The overall sentiment among analysts supports Martinez’s bullish outlook. Jelle (@CryptoJelleNL) pointed to the significant Solana unlock event that is now behind us and underscored the fact that the weekly candle closed in the green. According to his observations, SOL has reclaimed crucial support after taking out its lows, with a trendline that continues to hold firmly. “Massive $SOL unlock behind us, and the weekly candle closed in the green. Lows taken out, support retested, trendline holding. Pretty sure the next SOL push sends it into price discovery – hard,” he writes via X. Adding to the positive market narrative, Chris Burniske, a partner at Placeholder VC, remarked via X that BTC, ETH, and SOL all posted favorable weekly closes and that the long-term trend across these leading cryptocurrencies remains to the upside. “BTC ETH and SOL couldn’t have asked for better closes on the weeklies. The long term trend remains: UP,” Burniske says. From a technical perspective, much hinges on Solana’s ability to sustain its breakout. The descending channel had functioned as a clear reference for bearish sentiment, and breaching it suggests a significant change in the market’s psychology. At press time, SOL traded at $164. Featured image created with DALL.E, chart from TradingView.com

Solana is showing renewed strength, signaling a potential turnaround after holding above $137 decisively. Buyers are stepping in at key support levels, pushing the price higher and challenging major resistance zones. This shift has sparked optimism that SOL can sustain its upward push and trigger a full recovery. Despite recent struggles, Solana’s price action suggests that the bulls are not backing down. However, a true breakout will require clearing critical resistance levels that have previously capped gains. Solana could see a significant rally unfold if buyers maintain control and push past these barriers. On the other hand, failure to sustain the momentum may lead to another pullback, keeping bearish forces in play. Solana Price Eyes Fresh Uptick After failing to break below the $137 support level, SOL’s price has regained bullish momentum, eyeing a possible recovery. Buyers have stepped in to defend this key zone, driving the price upward as it targets the $164 resistance level. The renewed strength also brings the 100-day Simple Moving Average (SMA) into focus, a critical barrier that could determine whether SOL extends its rally or faces another rejection.  Related Reading: Solana (SOL) Inches Toward $200—Breakout Confirmation Needed A successful breakout above both levels might confirm a stronger recovery, triggering a rally toward the $211 resistance zone. Such a move would indicate an uptrend, attracting more buyers and reinforcing confidence in Solana’s performance.  Breaking past this key resistance would signal a shift in short-term sentiment and a broader change in the cryptocurrency’s market structure. If sustained, this renewed strength will further solidify SOL’s bullish outlook and position it for continued upside in the coming sessions. Also, the Moving Average Convergence Divergence (MACD) indicator is signaling a potential shift in momentum. The MACD line is approaching a crossover above the signal line, a classic indication of improving buying pressure. Additionally, the histogram shows a gradual increase in positive movements, suggesting that bullish forces are gaining traction. Potential Bearish Outcome: Is The Recovery at Risk? SOL’s bulls’  and the MACD’s failure to sustain its bullish crossover or start to weaken may lead to another period of consolidation or a pullback. Furthermore, a decline in trading volume alongside weakening indicators further confirms a slowdown, increasing the risk of another bearish turn. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum Should this scenario unfold, SOL’s price eye another drop below the 137 mark, possibly extending the current bearish trend toward the $118 support area. While this could signal further downside, the $118 zone might also act as a key level of stability, creating an opportunity for buyers to step in and fuel a recovery. Featured image from Adobe Stock, chart from Tradingview.com

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 major support level.” The Bearish Argument For Solana “The downtrend continues as SOL gets rejected by another S/R flip and crashes down to the $150 level. Sentiment at an all-time low. Assume continuation until proven otherwise,” Khaneghah writes via X. A prominent feature of the analysis is a support/resistance (S/R) flip around $180.58. Earlier in February, Solana attempted to reclaim this level but was met with strong selling pressure. The failure to secure a daily close above $180.58—now acting as resistance—signaled renewed downside momentum. Following the drop, Solana has settled just above $157, marked on the chart as the “Last major support level.” Prices have briefly dipped below this zone, suggesting fragility in the market’s current stance. A failure to hold $157 on daily closes increases the possibility of further decline toward the next significant horizontal line around $127.05—visible at the lower end of the chart. Related Reading: More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Support Koroush’s annotations also indicate that crossing back above $180.58 would shift the market bias from bearish to “neutral.” Until that happens, the analyst cautions that sellers appear to be in control, with negative sentiment around meme coins reinforcing the ongoing downtrend. The Bullish Argument For SOL Meanwhile, crypto analyst RunnerXBT (@RunnerXBT) has shared a orderflow analysis of the Solana (SOL) futures chart (2-hour timeframe on Binance) today. The chart underscores notable price points, liquidations, and changes in positioning ahead of the upcoming March 1 unlock—when 11.2 million SOL (valued at roughly $1.77 billion) are scheduled for release. In the annotated chart, the price peaked in mid-January, reaching $295, before beginning a steady descent that has most recently seen SOL hovering in the mid-$150 range. The chart shows that from early to late January, there was a significant drop in open interest (OI) alongside a slide in the price, with Cumulative Volume Delta (CVD) suggesting it was driven primarily by long positions closing. RunnerXBT’s notes attribute this to SOL weakness moving largely in tandem (1:1) with Bitcoin. By late January, after a more pronounced downward move, the price and OI both settled at lower levels. OI briefly rebounded in early February, though the chart indicates that initial long positioning was soon followed by short covering as traders pivoted to profit-taking or closed losing short positions. Despite this activity, SOL’s price was unable to mount a sustained uptrend, reinforcing a broader sense of hesitancy among traders. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns Around mid-February (February 16–18) and again on February 24, the chart highlights phases of “aggressive shorting and spot selling,” which contributed to persistent downward pressure on the price. Though there were instances of short covering (notably around February 21, where CVD ticked up slightly), the overall momentum has remained subdued, with few signs of new long accumulation. On the right side of the chart, RunnerXBT has placed a vertical red line marking March 1 as the date of what he calls the “biggest SOL unlock known to mankind.” Many market participants appear to be “front-running” the event by selling in anticipation of a flood of new tokens hitting the market. This has the potential to drive heightened volatility. Yet, in his post, RunnerXBT warns against shorting SOL at current levels, explaining that he initially started monitoring this situation when the token traded just under $200 and is now seeking a scalp long after the unlock has happened. He points out that attempts to catch every 5–10% daily drop are dangerous and that traders who do so risk frequent stop-outs or liquidations. “I dont think its a wise “new” short here of SOL. I started posting about the situation at jus under $200 per SOL. I am looking for a scalp long AFTER the unlock, people “frontrunning” it are getting stopped out or liquidated. You aren’t a hero catching -5% to -10% daily falling knives. […] TLDR: Looking for longs (not 5 days before unlock). NOT shorts. if people can’t read, i can’t help you,” he writes via X. At press time, SOL traded at $158. Featured image from Shutterstock, chart from TradingView.com

Crypto analyst MadWhale has suggested that the Solana price could witness more downward pressure in the coming days. Specifically, the analyst predicted that SOL was at risk of a decline to $125 as it retests a key support level.  Solana At Risk Of A Drop To $125 With Support Retest In a TradingView post, MadWhale predicted that the Solana price was at risk of dropping to as low as $125 with the retest of the $164 price level, which is a key support level on the horizon. The analyst noted that this is a pivotal support level that has previously proven strong. However, he warned that it might not be the case this time around.  Related Reading: Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally MadWhale remarked that there are indications that the Solana price may soon breach this daily support, which could trigger a decline of around 25%. Should this price crash happen, the analyst stated that the price target to watch would be $125, which aligns with a key monthly support zone. He added that this area has historically been a critical defense against further downturns, making it a crucial point in the current market analysis.  The analyst’s accompanying chart showed a break below the $125 support level could send the Solana price as low as $80. It is worth mentioning that crypto analyst PizzaDriver also recently warned that SOL could witness a 2022-like crash, with the crypto dropping to double digits.  The Solana price has already witnessed a significant crash, having declined over 11% in the last seven days. On-chain analytics platform Santiment recently noted that Solana’s market sentiment has dipped to its lowest since the big retrace on January 20th. Traders expressed frustration as SOL dropped to a 3-month low price of $161.  However, the platform provided some optimism regarding the Solana price. Santiment noted that while discussion rates are extremely high and crowd sentiment is bearish, this is historically a signal there is a high bounce probability.  A Rebound Is Also On The Cards While MadWhale and PizzaDriver have predicted that the Solana price could crash further, some other analysts have predicted that SOL could rebound from its current level. In an X post, crypto analyst Mr B noted that SOL is slowly recovering after yesterday’s drop to around $160. He added that the crypto bounced perfectly off a daily support level.  In line with this, Mr B stated that he expects a healthy rebound to $185, although he warned that if the Solana price doesn’t break above that, it might drop again. On the other hand, if Solana manages to push higher, the analyst predicted that the psychological $200 level could be coming soon.  Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures At the time of writing, the Solana price is trading at around $172, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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 named PizzaDriver has released a recent technical analysis of the Solana price action. The market expert predicts that Solana, the sixth-largest cryptocurrency by market capitalization, could soon decline to drastic lows. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst The analyst drew parallels between Solana’s current chart structure and the LUNA meltdown of 2022. The weekly chart highlights that Solana has formed a Double Top pattern, a classic bearish reversal signal from an uptrend to a downtrend. This pattern appears like the letter “M”, creating two peaks and a dip in between. This pattern also signifies deteriorating momentum in the Solana price, as the cryptocurrency has been facing severe volatility. In addition to the Double Top pattern, Solana’s Relative Strength Index (RSI) has exhibited a bearish divergence. This means that while its price attempted to reach new highs, it was unable to due to underlying weakness. This same RSI bearish divergence was observed in LUNA before its infamous market crash, which triggered a decline to a zero level.  According to the TradingView analyst, if Solana fails to hold key support levels and breaks below them, it could trigger a widespread liquidity crisis that would send its price plummeting to $22, a significant historical support level last seen in 2022.  Adding to the already concerning price outlook, major institutional investors appear to have already sold their holdings and taken profits at price highs. Ahead of the bull run, these investors have reportedly reallocated funds into other somewhat safer coins like Ethereum (ETH) and Binance Coin (BNB), which have been seeing steady growth in on-chain activities and have risen in value over the week. This redistribution increases the risk of a rapid sell-off, further weakening Solana’s fundamentals.  Rug Pulls And High Fees Weigh On Solana Beyond bearish technical indicators and price forecasts, the Solana ecosystem is currently experiencing a rise in investor dissatisfaction. PizzaDriver revealed that the Solana blockchain has become a primary space for meme coins and speculative trading. Additionally, there are allegations of rug pulls and project abandonment in the ecosystem, leaving investors with a sour experience. Related Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets $565 Target Many developers have allegedly created and launched projects, stolen investors’ funds, and disappeared, thus eroding trust in the network. Moreover, Solana’s transaction fees have skyrocketed, hitting record highs and contradicting its original appeal as a low-cost transaction alternative to Ethereum.  As a result, investors have begun shifting focus to long-term projects with transparent roadmaps, security audits, and strong partnerships. Due to its numerous ecosystem dilemmas, the TradingView analyst disclosed that Solana risks losing its dominant position unless it addresses these fundamental challenges. Featured image from YouTube, chart from Tradingview.com

In a recent chart update published on February 14, 2025, crypto analyst Ali Martinez (@ali_charts) highlighted Solana’s steadfast performance above the $190 mark, suggesting the potential for a breakout toward $225 or even $260. The one-day SOL/USDT chart (Binance) reveals several notable technical signals that support Martinez’s outlook. Why Solana Is Poised For $260 The chart outlines a rising channel that has been in play since roughly the summer, starting near $125 (close to the 0 Fibonacci level at $124.96) and stretching as high as the upper boundary near $355 (around the 1.414 Fibonacci extension at $355.78). Within this broad upward corridor, Solana’s price has consistently bounced between the lower and upper trendlines, creating a visually recognizable pattern of higher highs and higher lows. A closer look at Martinez’s annotations reveals several key Fibonacci levels. The 0.382 Fib hovers near $165.78, while the 0.5 line comes in at $180.91—both previously acting as support or resistance at different points of Solana’s climb. But the 0.618 Fib at $187.41 appears especially crucial for the current setup, as that zone has helped keep SOL on its feet during recent dips. Martinez points to this region as a core layer of support that buyers are defending. Related Reading: Solana Whale Breaks Silence, Moves Over 61,000 SOL In Massive Accumulation Above these levels, the chart highlights potential take-profit or resistance targets at the 0.786 Fib around $226.28 and the 1.0 level near $261.90. Overcoming these thresholds would signal a renewed bullish push that could see SOL continuing its ascent within the channel. Meanwhile, the further extension lines at $320.29 (1.272) and $355.78 (1.414) demonstrate that, if Solana regains strong momentum, additional upside targets remain on the table for the long term. Martinez’s mention of “Solana is holding firm above $190, setting the stage for a potential breakout to $225 or $260!” underscores the importance of the $187–$190 area. If buyers continue to defend this section of the chart, Solana may very well challenge the upper boundary of the channel again, testing the $225 resistance and potentially marching onward to the $260 region. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns For now, all eyes remain on whether SOL can sustain its place above the lower portion of the ascending channel. Should that support fail, the token could retrace toward $165 (0.382 Fib) or lower. But as it stands, the overall structure still looks favorable to the upside, lending credence to Martinez’s prediction of another leg higher toward $225 and possibly $260. However, it’s crucial to remember that broader market conditions still need to line up, particularly with Bitcoin stuck in its sideways range between $91,200 and $108,000. Any decisive move beyond this range could serve as the catalyst for altcoins like Solana to capitalize on renewed market momentum. At press time, SOL traded at $198. Featured image from Shutterstock, chart from TradingView.com

Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern that has formed for Solana. Based on this pattern, the analyst predicted that SOL could witness a parabolic rally to a new all-time high (ATH) and provided a target that the crypto could reach.  Solana Could Rally To $565 As Ascending Triangle Forms In an X post, Trader Tardigrade predicted that Solana could rally to $565 following the formation of an ascending triangle. He noted that SOL has been forming ascending triangles before each recent breakout. The analyst added that Solana reaches its target at  Fibonacci 2.618 after each breakout.  Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst In line with this, Trader Tardigrade predicts that Solana can reach $565 once this ascending triangle completely forms. The analyst revealed that the current ascending triangle is more than halfway complete, indicating this parabolic rally could soon happen. His accompanying chart also showed that SOL could reach this price target as early as April.  Asset manager VanEck also recently provided a bullish outlook for Solana, predicting it can reach $500 by year-end 2025. The asset manager’s analysts explained that this projection is supported by Solana’s developer dominance, increasing market share in decentralized exchange (DEX) volumes, revenues, and active users.  Meanwhile, crypto analyst Ali Martinez suggested that Solana couldn’t rally to as high as $500 but predicted it could reach at least $350. However, he warned that SOL needs to hold above the support level at $198. In a more recent X post, he also raised the possibility of Solana reaching $380.  The analyst stated that Solana is testing a key support level at the lower boundary of the parallel channel he highlighted on the charts. According to him, holding above this support level could strengthen the uptrend, fueling a rally to $387.  SOL Needs To Reclaim The $220 Level In an X post, crypto analyst Jelle stated that the first mission for Solana is to reclaim $220. This came has he noted that SOL is holding the key support level so far. The analyst indicated that it would be ideal for SOL to bounce from its current level if its price action is to remain short-term bullish. In line with this, he remarked that the first mission is to reclaim $220.  Related Reading: Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible Crypto analyst CryptoElites asserted that Solana is preparing for a massive move. The analyst revealed that the 2021 downtrend has been broken, and SOL is holding above it. Based on this, he outlined $450, $678, and $1,099 as his targets for Solana in this market cycle. The analyst again reaffirmed that the technical outlook is fully positive with big moves ahead.  At the time of writing, the Solana price is trading at around $202, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

VanEck, a global investment management firm with a nearly 70-year history and a strong reputation in the exchange-traded funds (ETF) arena, has issued a striking price target for Solana (SOL). In a post shared on X on January 6, the New York-based firm projected Solana’s value to soar to $520 by the end of 2025. VanEck Predicts $520 By End Of 2025 For Solana VanEck’s thesis centers on Solana’s share within the smart contract platform (SCP) market, as well as the historical correlation between crypto market capitalization and the growth in the US. M2 money supply. According to the firm: “Our Solana Price Target by the End of 2025 is $520. We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from US M2 money supply growth, given its strong historical correlation with crypto market capitalization.” Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum VanEck’s analysis forecasts that M2—the measure of the US money supply that accounts for cash, checking deposits, and easily convertible near money—will reach $22.3 trillion by late 2025. This figure assumes a maintained annualized growth rate of 3.2% from its last trough in October 2023. Citing regression analysis, VanEck estimates: “We project M2 to reach $22.3T by the end of 2025, maintaining its 3.2% annualized growth rate since its last trough in October 2023. Using regression analysis, we estimate total SCP market capitalization will grow 43% to $1.1T by year-end 2025 (vs. $770B today), surpassing its 2021 peak of $989B.” The firm notes a “strong correlation between M2 and SCP market cap” with a 12-month moving average R² of 0.36 and a t-statistic of 5.7 (p < 0.0001). Currently, Solana holds about 15% of the SCP market cap. However, VanEck expects that proportion to rise significantly by 2025: “Currently, Solana holds 15% of SCP market cap, but we forecast its share to rise to 22% by EOY 2025. This projection is supported by Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users.” Related Reading: Solana Metrics Surge: Total App Revenue Climbs To $840M In Record-Breaking Quarter By coupling this anticipated market share increase with an autoregressive (AR) forecast model, VanEck believes Solana’s market cap will climb to approximately $250 billion, which would yield a per-token price of $520, based on an estimated float of around 486 million tokens. Short-Term SOL Price Analysis For the moment, however, Solana continues its corrective phase, with the price trading at $189 as of press time. The 4-hour chart for SOL/USDT exhibits a well-defined descending channel, characterized by a series of lower highs and lower lows. SOL’s price action has been confined within a descending channel since January 18, marked by two parallel trendlines that highlight sustained selling pressure. The lower boundary of the channel, currently near $175, acts as immediate support, while the upper boundary near $215 serves as resistance. Notably, SOL is currently positioned just below the midline of the descending channel. If it fails to break above this level in the near term, a move toward the channel’s lower boundary appears likely. Moreover, SOL continues to struggle in reclaiming key Fibonacci retracement levels, with the 0.236 retracement ($203.40) serving as the first major resistance. At press time, SOL traded at $190. Featured image from Shutterstock, chart from TradingView.com