Solana is currently testing a critical demand zone near the $150 level after enduring weeks of persistent selling pressure and a broader shift in market sentiment. The asset is now trading roughly 20% below its May high of $185, with recent attempts at recovery facing strong resistance. Despite holding above major support for now, the overall structure suggests that downside risk remains if market conditions don’t improve soon. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent Top analyst Efloud shared a technical analysis on X, highlighting the importance of tracking Solana’s response to broader Bitcoin dynamics. He noted that if Bitcoin (BTC) continues to consolidate sideways while Bitcoin dominance (BTC.D) rises, altcoins like SOL may struggle. In that case, Solana could continue retracing to find stronger support at mid-zones, particularly around the $123 and $116 levels. These price zones have previously acted as solid support/resistance areas and could serve as key inflection points should bearish momentum persist. A breakdown toward these targets would likely coincide with increasing BTC.D and continued investor caution in the altcoin market. Until then, SOL remains vulnerable within a fragile technical structure, and traders will closely watch for either a rebound or deeper correction in the coming days. Solana Holds Key Support As Analysts Eye Bullish Scenarios Solana is currently trading about 50% down from its all-time highs, with the explosive momentum seen at the end of 2024 now replaced by more subdued price action. The asset’s underperformance has left investors cautious, but many analysts remain optimistic about Solana’s potential once a new altcoin rally begins. For now, the focus is on holding critical demand zones that could determine whether SOL is gearing up for a recovery or further downside. According to Efloud, if Bitcoin continues consolidating sideways while Bitcoin dominance rises, Solana may find support at several mid-zones, particularly around $123 and $116. The $140 region has historically acted as a strong support/resistance flip, and a deviation around this level—losing it briefly before regaining it with strength—could present a short-term buying opportunity. Efloud notes that this scenario doesn’t necessarily imply that SOL must drop to those levels, but current market conditions—aside from Bitcoin—lack strong pair structures. If SOL can decisively break above the $168 resistance, a new leg upward could be triggered, with $230 potentially acting as the next major resistance zone. On the SOL/BTC pair, Efloud is watching for a reclaim of the 0.0015 level or a pullback toward 0.00115 for confirmation. Another key support sits at 0.000988 sats. Despite the current cooling, the structure may still offer solid opportunities for new entrants. If these levels hold and macro conditions improve, SOL could be setting the stage for a sustainable rally, ultimately leading to new all-time highs. Related Reading: Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point Weekly Chart Analysis – Holding the Line Near Key Support Solana is currently trading at $148.33 on the weekly timeframe, showing a 3% decline over the past seven days. The price has dropped roughly 20% from its May high of around $185 and is now testing the critical $140–$150 support zone. This level has repeatedly acted as a pivot point in the past and could define SOL’s short-term trajectory. The chart shows that Solana has been unable to reclaim the 50-week moving average (currently near $170), which now acts as key resistance. A decisive weekly close above this level would open the door for a bullish continuation toward $185 and possibly $200. However, failure to hold above the 100-week moving average around $132 could lead to further downside pressure, with $123 and $116 as the next demand zones to watch—levels identified by analyst Efloud in his mid-zone scenario. Related Reading: Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet Volume has declined steadily over the past three weeks, signaling reduced participation, but also suggesting that aggressive selling is fading. If bulls manage to reclaim $160 with conviction, the structure remains favorable. For now, SOL remains in a consolidation phase, awaiting either a breakout or further correction as broader crypto market conditions unfold. Featured image from Dall-E, chart from TradingView
After a volatile but bullish start to June, Solana (SOL) is now facing strong selling pressure amid rising global uncertainty. The sudden escalation in the Middle East—triggered by Israel’s recent strike on Iran—has sparked market-wide volatility, prompting a flight to safety and a pullback across risk assets. Solana, which had been showing momentum alongside Bitcoin and Ethereum, has dropped over 15% since June 11, erasing much of its early-month gains. Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally As macro risks continue to rise, the altcoin market remains vulnerable to further downside. SOL is now approaching a critical technical level, and a breakdown could signal deeper losses if global tensions persist. Top analyst Cheds shared a technical analysis revealing that Solana is now re-testing a key daily demand zone, a level that previously supported bullish continuation. If this area fails to hold, Solana could revisit lower support levels seen earlier this year. For now, traders are watching closely to see if buyers step in to defend the zone or if further conflict will fuel more risk-off behavior. The next few days will be critical in determining whether SOL can bounce or if the broader market downturn intensifies. Solana Re-Tests Key Support As Market Tensions Mount Solana is standing below key levels, retracing after a brief rally attempt earlier this week. The asset had spent several days consolidating beneath the $170 level, failing to break above resistance as selling pressure intensified amid rising global tensions. Now, with the broader market on edge following the Israel–Iran conflict escalation, SOL finds itself back at a critical support zone. Bulls remain cautiously optimistic, encouraged by the broader market’s resilience and the potential for Bitcoin and Ethereum to regain strength. However, caution dominates sentiment as Solana, like most altcoins, still trades significantly below its all-time high near $260. The current environment of geopolitical risk and macroeconomic uncertainty has suppressed momentum in the altcoin space, making support levels all the more important. Cheds highlighted in a recent update that Solana is now re-testing a key daily demand zone around the $145 level. This zone has previously acted as a launchpad for bullish moves, and holding above it could provide the structure needed for a new leg higher. However, failure to maintain this level might open the door for further downside, with the next major support below $130. For now, all eyes are on how Solana reacts around $145. A solid bounce with increased volume could attract short-term buyers looking to ride a potential recovery. But with global markets rattled by uncertainty, the coming sessions will be crucial in determining whether this demand zone becomes a springboard—or a trapdoor. Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? SOL Price Analysis: Re-Test of Support as Volatility Spikes Solana is currently trading at $145.24 after an aggressive drop from the $165–$170 range. The 4-hour chart shows a clear breakdown below all key moving averages (50, 100, and 200), which had previously served as dynamic support. The red 200 SMA at $165.33 now acts as overhead resistance, capping short-term recovery attempts. The recent sell-off—triggered by broader geopolitical tensions in the Middle East—pushed SOL straight into a key demand zone around $143–$145, where buyers have historically stepped in. The long lower wick from today’s candle reflects strong intraday buying at these levels, suggesting that some participants see this as a value zone. However, volume remains elevated, and the structure appears fragile. Any failure to hold $145 could open the door to a deeper retracement toward the $130 region. On the flip side, reclaiming the 100 SMA at $157.46 would be an early sign of renewed bullish momentum. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Momentum indicators likely remain oversold, and if the broader market stabilizes, this level could mark a temporary bottom. Still, with volatility high and macro uncertainty looming, traders may want to stay cautious until a clear direction emerges. For now, $145 is the line in the sand. Featured image from Dall-E, chart from TradingView
Solana (SOL) is trading around key levels after reaching a local high of $184, struggling to hold support above the $170 zone. This price region is shaping up to be a pivotal battleground, as bulls aim to extend the rally while some analysts warn of an incoming retracement. Optimism remains strong across the market, with altcoins gaining momentum alongside Bitcoin and Ethereum. However, conflicting views persist, with several traders cautioning that Solana may be overheated in the short term following its recent surge. Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal Supporting the bullish narrative, new data from Glassnode shows that Solana may be undergoing a trend reversal. After months of realized cap outflows, SOL’s 30-day capital inflows have turned positive, currently growing at a steady rate of 4–5%, a pace similar to that of XRP. This uptick in capital inflow indicates renewed demand entering the ecosystem, hinting that investors may be positioning for further upside. As the broader crypto market heats up, Solana’s ability to stay above the $170 level will be crucial in determining short-term direction. A confirmed hold could pave the way for a push toward new highs, while a breakdown might trigger a deeper retrace. Renewed Demand And Key Resistance Define Next Move Solana is currently trading above a critical demand zone, showing strength as it holds firmly above the $170 level. However, to confirm the continuation of a sustained bullish rally, SOL must break and close decisively above the $185 resistance level. This region has acted as a strong ceiling in recent price action, and reclaiming it would likely unlock the momentum needed for further gains. The current rally across the broader crypto market, including Bitcoin and Ethereum, has fueled optimism that a larger bullish phase may be underway. For Solana, this could mark the start of a powerful trend reversal after months of volatility and uncertainty. Importantly, on-chain data supports this bullish case. According to Glassnode, Solana has reversed its negative realized cap flows, with its 30-day capital inflows now back in positive territory. These inflows are growing at a rate of approximately 4–5%, comparable to what is currently being observed in XRP. This shift signals a return of investor confidence and renewed demand within the Solana ecosystem. Such metrics are critical, as they reflect actual capital commitments rather than just speculative sentiment. If momentum continues and SOL reclaims the $185 level, it could trigger an aggressive breakout and lead the altcoin sector higher. The next few days will be crucial for Solana. Holding above support while attempting to break resistance could define the structure of the next major move. A successful push higher would support the idea that Solana is not only recovering but potentially leading the next phase of altcoin expansion. Traders and investors alike are watching closely as this key test unfolds. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details Solana Finds Support Above 200-EMA But Faces Resistance Near $181 Solana is currently trading at $170.48 after a sharp pullback from the recent local high near $184. As shown on the chart, the price briefly pushed above both the 200-day EMA ($162.21) and SMA ($181.16), two key technical indicators closely watched by traders. This move signaled strength but was quickly met with selling pressure just below a significant resistance zone near the $185 level — the same region where multiple failed attempts have occurred in the past. Despite the recent 3.5% daily drop, the price action remains bullish as long as SOL holds above the 200EMA. The higher low structure remains intact, and the recent retrace could be viewed as a healthy consolidation if bulls defend this range. A sustained move above the 200SMA at $181.16 would likely trigger a fresh wave of bullish momentum and open the door for a push toward the $200-$220 area. Related Reading: XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week Volume remains elevated, suggesting active participation, though a drop in buying interest may signal caution. If the $162 zone fails to hold, a deeper retrace toward $150 is possible. For now, all eyes are on whether SOL can reclaim $181 with strength and set the stage for a sustained breakout. Featured image from Dall-E, chart from TradingView
Solana (SOL) is currently holding above the $125 mark, a level that has acted as support in recent weeks. While this may appear a sign of strength, the broader sentiment around SOL remains cautious. Analysts are warning that the latest surge in price could be nothing more than a bull trap, setting the stage for further downside. Despite the recent bounce, price action continues to show weakness, with lower highs forming on multiple timeframes — a classic sign of bearish continuation. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst The overall crypto market remains under pressure, and many investors fear that a deeper bear market could be unfolding. Macroeconomic uncertainty, combined with rising risk-off sentiment, has added to the concern. As a result, confidence among retail and institutional investors is fragile. Some are exiting positions, while others are choosing to hold through the volatility, sitting on unrealized losses in hopes of a long-term recovery. With SOL struggling to establish clear momentum, analysts believe the path of least resistance remains to the downside unless bulls can reclaim higher levels with strong volume. A failure to maintain the $150 level could confirm bearish continuation and open the door for a move toward lower support zones. Until buyers return with conviction, Solana remains in a precarious position — caught between the fading momentum of a short-lived rally and the growing weight of market uncertainty. The coming days will be crucial in determining whether SOL can recover or if more pain lies ahead. Solana Key Test As Bearish Sentiment Grows Solana price action shows signs of weakness as bulls struggle to build momentum. The recent market surge brought temporary relief to altcoins, but many analysts warn it may have been a bull trap — a short-lived rally within a larger downtrend. With volatility rising again, Solana is now facing a critical test that could define its short-term direction. Investor sentiment remains divided. Some fear a deeper bear market is on the horizon, pointing to macroeconomic instability, rising interest rates, and broader risk-off sentiment. Others continue to hold through unrealized losses, hoping for a long-term recovery despite mounting uncertainty. As SOL trades in this fragile zone, conviction remains low, and every move is being closely watched. Runefelt highlighted a significant technical risk: if Solana’s current ascending support fails, the token could drop to as low as $113. This support line has so far held up against sell pressure, but repeated tests without a clear bounce raise the risk of a breakdown. A drop to $113 would mark a major correction and erase much of the gains made earlier in the year. Until bulls can reclaim higher resistance levels and confirm a breakout, the dominant trend remains bearish. Analysts are warning that unless Solana can hold its current structure, the next leg down could come quickly. With the market on edge and momentum fading, Solana’s price action over the coming days will be crucial in determining whether the asset can stabilize — or if further declines are ahead. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details Bulls Aim To Reclaim Momentum Solana (SOL) is trading at $128 after two consecutive days of selling pressure, which erased a portion of its recent gains and pushed the asset back below key resistance levels. The market’s sudden shift in sentiment has left bulls on the defensive, with price action weakening across the board. For SOL to regain momentum and confirm a bullish reversal, reclaiming the $180 level in the coming days is essential. The $180 zone has acted as a significant resistance point during previous rallies, and a decisive move above it would likely trigger renewed buying interest and open the door to a broader recovery. Without this breakout, however, the outlook remains fragile. If bulls fail to push prices higher and reclaim critical levels, Solana risks falling deeper into bearish territory. Continued weakness could lead to another leg down, as traders eye lower support zones and brace for a potential bearish surge. Related Reading: Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk? Market conditions remain volatile, and macro uncertainty continues to weigh heavily on risk assets. For now, SOL’s short-term future hinges on whether buyers can step in soon and drive a move back above the $150–$180 range to avoid a steeper decline. Featured image from Dall-E, chart from TradingView
Solana experienced extreme volatility on Sunday and Monday as the market reacted to fears of a U.S. trade war. The uncertainty sent the entire crypto space into a sharp sell-off, with SOL dropping over 25% from its Saturday highs. However, sentiment quickly shifted after reports emerged that President Trump is in negotiations with Mexico and Canada to lift tariffs, sparking a rapid market recovery. Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Solana has since bounced nearly 25% from its lowest point, reclaiming key levels that suggest bulls are back in control. Top analyst Jelle shared a technical analysis on X, revealing that this was likely a failed breakdown for SOL. If the price holds above key demand zones, another push toward new highs is expected. With volatility at extreme levels, Solana traders remain cautious, but the structure still looks promising for a bullish continuation. The coming days will be crucial in determining whether SOL can sustain its recovery and break into new all-time highs. A confirmed hold above $205 will strengthen the case for further upside, while losing this level could lead to another leg down. The battle between bulls and bears continues, but for now, Solana’s resilience is proving strong. Solana Holds Strong Amid Market Volatility Solana has experienced one of the most aggressive daily price moves in recent years, sending shockwaves through the market. After reaching an all-time high in late January, SOL has dropped over 40% in less than two weeks. This rapid decline has sparked fear among investors, with many expecting further losses in the coming weeks. The uncertainty surrounding macroeconomic factors, including U.S. trade war tensions, has only fueled this sentiment. However, not all analysts are convinced that the worst is ahead. Top analyst Jelle shared an analysis on X, revealing that Solana’s price action resembles a failed breakdown rather than a true bearish trend shift. Jelle states that if SOL holds above the $205 mark in the coming days, the market is set for another push toward the highs. This level has proven to be a critical support zone, and a strong defense by bulls could signal a renewed uptrend. Solana has been one of the top-performing assets since 2023, and its ability to recover from deep pullbacks has solidified its position as a market leader. The blockchain’s ecosystem continues to expand, and its high-speed, low-cost transactions make it an attractive option for developers and investors. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics Additionally, meme coins and NFT projects built on Solana have fueled strong demand, contributing to its price action outperforming most other altcoins. If SOL reclaims the $220 level and consolidates above it, another leg toward all-time highs would be on the table. A break below $205, however, could signal deeper consolidation or even a correction toward the $180 support zone. Price Action Details: Key Demand To Hold Solana (SOL) is trading at $208 after failing to reclaim the 4-hour 200 moving average around $221. This level has acted as a key resistance, preventing SOL from regaining bullish momentum in the short term. If bulls want to regain control, they must push the price above this level and hold it as support to confirm a trend reversal. For now, SOL remains in a tight range, with the $200 mark acting as an essential demand zone. If this level holds, a potential recovery could send the price back toward the $221 resistance, where a breakout would signal a continuation toward higher levels. However, if SOL struggles to maintain $200 as support, selling pressure could intensify, leading to a drop toward the $190 level. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means Market sentiment remains mixed, with investors watching key levels closely to determine the next move. The broader market trend and Bitcoin’s performance will also play a crucial role in SOL’s short-term direction. A strong bounce from $200 would provide confidence for bulls, while a breakdown could signal further downside. The coming days will be critical for Solana as it battles to reclaim lost ground and avoid deeper corrections. Featured image from Dall-E, chart from TradingView
Solana (SOL) is facing severe selling pressure as it tests key demand levels, with bears gaining control after a failed breakout above all-time highs. The price has struggled to maintain momentum, and investors are now watching for critical support levels that could determine Solana’s next move. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means After an explosive rally earlier this year, SOL is now at risk of breaking lower as market sentiment turns uncertain. Top analyst Carl Runefelt shared a technical analysis on X, revealing that Solana might retest a horizontal resistance if it breaks down a bearish flag pattern. This key level will be crucial in determining whether SOL can hold its ground or if it will be dragged into a deeper correction. If the bearish flag confirms a breakdown, SOL could drop to test lower demand zones, leading to further downside pressure. However, if bulls manage to reclaim key resistance levels, a potential recovery could be on the table. The coming days will be critical for Solana as traders look for signs of a trend reversal or continued bearish momentum. Solana Enters A Critical Phase Solana is at a crucial phase, with the next few days set to define whether it will continue its downtrend or establish a structural price change. After failing to sustain its bullish momentum above all-time highs, bears have taken control, pushing SOL into key demand levels. The price has now dropped to $220, and analysts are warning that lower levels may come in the following weeks. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that Solana might retest horizontal resistance around $222 if it breaks down a daily bearish flag. If this bearish pattern plays out, SOL could drop even further to test the $211 level, a major demand zone that will likely decide the trend’s fate. However, if bulls manage to defend current levels, a push above supply zones could lead to a price recovery. The first step for a reversal would be breaking back above $222 and reclaiming it as support. If that happens, Solana could regain strength and challenge higher resistance levels in the coming weeks. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart – Breakout Target Set At $56 The coming days will be decisive, as SOL stands at a turning point between a deeper correction or the beginning of a recovery phase. Price Struggles Below Key Level Solana is trading at $216 after losing the critical $220 demand level, a major support that bulls needed to hold. Now, bears are in control, and every moment SOL spends below this level increases the risk of further downside. If the price fails to recover quickly, the next significant demand zone to test will be around $200, a level that could determine whether SOL continues its correction or finds a strong bounce. However, bulls are not out of the game yet. If SOL manages to reclaim $220 as support, it could invalidate the bearish breakdown and set up for a potential trend reversal. A strong move above this level would indicate renewed buying pressure and could allow Solana to challenge higher resistance zones in the coming days. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst For now, SOL remains in a fragile position, and traders should closely watch price action around $220 and $200. A continued downtrend below $200 would confirm a deeper correction, while a swift recovery above $220 could reignite bullish momentum. The next few sessions will be crucial in determining Solana’s short-term direction. Featured image from Dall-E, chart from TradingView
Solana (SOL) has been navigating extreme volatility as the broader market shifted from bearish to bullish within hours yesterday. After experiencing a sharp 25% decline from its all-time high (ATH) in less than two weeks, SOL tested a crucial demand level and is now making an attempt to recover lost ground. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level Investors remain divided on whether Solana has bottomed or if another pullback is on the horizon. However, early signs suggest buyers are stepping in, defending key technical levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has successfully retested the 25-day EMA and RSI midlevel, both of which have historically acted as strong support during bullish trends. Following this retest, SOL bounced straight into key resistance, signaling a potential reversal if bulls maintain momentum. For Solana to confirm its recovery, it must break above resistance and sustain its move higher. If successful, SOL could resume its bullish trend, potentially reclaiming recent highs. However, failure to break key levels could lead to further consolidation or even another leg down. The coming days will be crucial in determining Solana’s next major move. Solana Surges 8% As Market Reacts To Fed Meeting Solana has bounced back strongly, surging 8% from local lows on Wednesday as the entire market reacted positively to the Federal Reserve meeting. Investors and analysts are now shifting their focus to a bullish outlook, anticipating a strong performance for crypto throughout the year. With sentiment improving, SOL is once again positioning itself as a market leader, aiming to reclaim key price levels and push toward new highs. Top analyst Jelle shared a technical analysis on X, highlighting Solana’s recent retest of the 25-day EMA and RSI midlevel, both of which have historically acted as crucial support zones. After confirming these levels, SOL bounced straight into key resistance, signaling a potential breakout if momentum continues. Jelle emphasized that for Solana to “look great again,” it must reclaim the $240 level. However, he also cautioned that “resistance is resistance” until a clear breakout occurs. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? As the broader market tries to push higher, Solana is leading the way with strong technical formations and renewed bullish momentum. If bulls successfully push past resistance, SOL could retest its all-time highs and enter price discovery once again. The coming days will be pivotal in determining whether Solana confirms its next major uptrend. Solana Price Holds Strong at $240 Solana (SOL) is currently trading at $240 after successfully testing the $220 level as support. The price appears ready to bounce, but key resistance levels must be reclaimed to confirm a short-term trend reversal. For bulls to maintain momentum, SOL must break above $240 and $260, two critical resistance zones that have capped upward movement in recent days. If Solana clears these levels with strength, a surge above all-time highs (ATH) will be imminent, setting the stage for price discovery. On the bearish side, losing the $220 mark would signal weakness, potentially leading to further downside and deeper consolidation. The broader market remains volatile, and SOL must hold above key support levels to sustain its bullish trajectory. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? For now, Solana remains well-positioned to push higher, but investors will be watching closely to see if it can reclaim resistance and confirm a breakout. The next few days will be crucial in determining whether SOL resumes its uptrend or faces another test of demand levels. Featured image from Dall-E, chart from TradingView
Solana (SOL) has been riding a wave of volatility, recently hitting a new all-time high of $295 before dropping over 22% amid market fluctuations. Despite this sharp correction, SOL has shown resilience by recovering much of its losses, leaving investors optimistic about its potential for further gains in the coming weeks. Related Reading: Ethereum Is Ready For The Next Big Move – Analyst Shares Bullish Target Top analyst Jelle has weighed in on the situation, providing a detailed technical analysis that offers insight into SOL’s current price action. According to Jelle, Solana is experiencing “more violent moves, as expected,” while compressing around its previous all-time highs. This compression is a natural phase following such a significant rally and is seen as a healthy consolidation that could set the stage for the next leg higher. With key levels holding firm and sentiment improving, Solana appears well-positioned for a potential breakout. Investors are closely monitoring the market dynamics as SOL prepares for what could be another major surge. As one of the standout performers in the crypto market, Solana’s ability to navigate this volatility and push past resistance levels will be crucial in determining its trajectory in the weeks ahead. The coming days could mark the start of a new chapter in SOL’s impressive journey. Solana Testing Crucial Liquidity Solana has been making headlines with its aggressive price movements, especially after breaking its all-time high (ATH). Following its impressive rally, SOL has entered a phase of consolidation while holding key demand levels, signaling the potential for sustained bullish momentum. This period of compression is seen as a natural and healthy part of the market cycle, especially after such a strong upward move. Crypto analyst Jelle recently shared a detailed technical analysis on X, shedding light on Solana’s current market behavior. According to Jelle, SOL has experienced violent price action moves as it compresses right around its previous all-time highs. This consolidation phase, while volatile, is necessary to build a solid foundation for the next leg higher. Jelle noted that it’s encouraging to see key levels holding firm, adding that it feels like it’s only a matter of time before Solana resumes its bullish trajectory. Analysts across the board remain optimistic about Solana’s outlook, with many predicting that the coming months will be extremely bullish if SOL can maintain its current structure. Holding these key demand levels is critical to sustaining momentum, and a breakout from this consolidation phase could propel Solana into new price discovery. Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details As one of the most promising blockchain networks in the crypto space, Solana’s resilience amid aggressive price action highlights its strength and growing investor confidence. With technical and fundamental indicators aligning, Solana is poised to remain a standout performer as the market anticipates its next move. The coming weeks will be pivotal in determining whether SOL can capitalize on its strong foundation and deliver another wave of significant gains. Price Action Details: Key Levels To Hold Solana (SOL) is currently trading at $243, down over 10% since yesterday as the broader altcoin market faces selling pressure. This decline comes amid Bitcoin’s consolidation just below its all-time high (ATH), which has left altcoins struggling to maintain bullish momentum. For SOL to recover and regain upward traction, it is crucial for bulls to defend the current price levels. Holding above $243 is key to preventing further downside, while a decisive push above the $265 resistance mark would signal a return to strength. Breaking this level with conviction could reignite investor confidence and set the stage for a renewed rally. Related Reading: MVRV Pricing Bands Suggest Ethereum Cycle Peak Is Still Ahead – Analyst Sets $7,000 Target However, the risks of a deeper correction remain if SOL fails to hold support. A drop below $230 would likely trigger additional selling pressure, leading to extended losses and testing lower demand zones. Such a move would challenge Solana’s recent bullish structure and delay its chances of a recovery. Featured image from Dall-E, chart from TradingView.
Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has broken out of its prolonged downtrend. According to Jelle, SOL has successfully reclaimed crucial monthly and weekly support levels, indicating a significant move could be on the horizon. These levels, often considered key benchmarks for long-term stability, suggest that Solana’s recent gains may be more than just a temporary bounce. If Solana can sustain this momentum, it may not only recover from recent losses but also pave the way for further gains, potentially outperforming other major altcoins. As technical indicators align with market enthusiasm, Solana could be gearing up for a breakout rally that captures the spotlight. Solana Set To Enter Price Discovery Phase Solana (SOL) emerged as one of the top market performers in 2024, posting an impressive surge of over 170%. This stellar performance cemented its position as a market leader and highlighted its resilience and growth potential within the crypto space. As 2025 unfolds, optimism surrounding Solana remains high, with many investors anticipating significant gains in the coming months. The momentum appears to be building already, as Solana begins the year with a potential breakout. Renowned analyst Jelle recently shared insights on X, pointing out that SOL has successfully broken out of the downtrend that had restrained it since late November. Moreover, Solana has reclaimed both monthly and weekly support levels—crucial milestones indicating that the asset has regained its bullish footing. According to Jelle, the price action for Solana is “super clean,” suggesting that the cryptocurrency is well-positioned for higher valuations. Jelle’s initial target for SOL is set at $330, a level that would not only mark a significant recovery but could also push Solana into a price discovery phase. This phase typically sees heightened market interest and volatility as traders and investors recalibrate expectations for the asset’s long-term value. With technical indicators and market sentiment aligning, Solana appears poised to capitalize on its upward trajectory. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours If Solana sustains this bullish momentum, it could continue to dominate headlines as a top-performing asset in 2025. As anticipation builds for further upside, traders and investors are closely monitoring key levels, knowing that the cryptocurrency’s next big move could redefine its role in the broader crypto ecosystem. SOL Testing Crucial Supply Around $220 Solana (SOL) is currently trading at $218, approaching a critical level that could determine its next major move. The price is on the verge of setting a new local high above $222, a significant resistance point. Breaking through this level would signal a strong bullish continuation, setting the stage for massive price appreciation and the potential to reclaim its all-time high (ATH). Analysts believe that if SOL clears the $222 mark and maintains its momentum, the next key level to watch is $250. Reclaiming and holding $250 as support would pave the way for Solana to enter uncharted territory, pushing its price into a new all-time high and potentially beginning a price discovery phase. This development would further solidify Solana’s position as a market leader and attract increased investor attention. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ However, failing to surpass the $222 resistance or reclaim the $250 level could lead to a consolidation phase. Such a pause in price action might delay Solana’s rally but could also provide a foundation for renewed momentum in the future. With market participants closely monitoring these levels, Solana’s price movements in the coming days will be pivotal in determining whether the cryptocurrency embarks on its next major leg up or enters a temporary holding pattern. Featured image from Dall-E, chart from TradingView
Solana (SOL) finds itself at a crucial juncture following a volatile day of trading. The price plunged over 11%, briefly dipping below the $170 mark before staging an impressive recovery. In just a few hours, SOL managed to reclaim the $182 level, a critical demand zone that has proven to be a key area of interest for investors. Related Reading: Ethereum Is Forming A 1-Hour Symmetrical Triangle – Bullish Breakout Or Deeper Correction? Top analyst Jelle shared a technical price chart highlighting Solana’s resilience during this turbulent period. According to Jelle, SOL took out its recent lows, successfully retested the 200-day exponential moving average (EMA), and ultimately closed the day above all significant key levels. This pattern indicates potential strength in the market and raises the question: what’s next for Solana? Investors and traders are eyeing the next move as Solana consolidates above its critical demand zone. Will Solana leverage this recovery to push toward new highs, or will bearish pressure take over again? The coming days will be pivotal in determining the trajectory of this market leader. Solana Shows Strength After Weeks of Selling Pressure Solana (SOL) is displaying renewed strength after enduring a 36% decline from its all-time high of $264 in late November to yesterday’s low of $168. The sharp drop followed weeks of consistent selling pressure, leaving investors uncertain about the immediate future. However, optimism is beginning to return as SOL shows signs of resilience. Top analyst Jelle shared a technical analysis on X, highlighting Solana’s impressive recovery in recent price action. According to Jelle, SOL took out its recent lows, retested the 200-day exponential moving average (EMA) successfully, and closed the day above all critical levels. This behavior suggests that buyers are stepping in at key support zones, providing a much-needed lifeline to the price. Jelle also points out that reclaiming the $210 mark could set the stage for Solana to challenge its previous highs. While optimism builds following yesterday’s rebound, caution is warranted as further consolidation or retests of support levels remain possible. The market’s next phase will largely depend on whether Solana can maintain its newfound momentum. Related Reading: Chainlink Forms A Daily Bullish Pattern – Top Analyst Eyes Breakout To $30 As SOL continues to stabilize, investors are keeping a close eye on critical resistance levels, particularly the $210 mark, which could signal the start of a new bullish trend. However, with lingering risks, the coming days will be crucial in determining Solana’s ability to sustain its recovery and potentially move toward new highs. Price Action: Testing Crucial Levels Solana (SOL) is trading at $186, showing signs of stabilization after a sharp recovery from its recent lows. However, the price has yet to confirm a breakout above the $192 level, a critical resistance zone that bulls need to reclaim to shift market sentiment and potentially change the current trend. A successful reclaim of the $192 mark would signal strength and open the door for further upside. The next significant target for SOL would be breaking above the local high near $223, which could pave the way for a broader bullish trend. Such a move would likely attract renewed investor interest and signal that the market is ready for a sustained rally. On the flip side, failing to reclaim the $192 level could expose Solana to downside risks. In such a scenario, the price may revisit lower demand zones, potentially testing support levels around $170. This would extend the consolidation phase and delay any significant upward momentum. Related Reading: XRP Scores A Lower High Break On Daily – ATH Next? The next few days will be crucial for SOL, as bulls and bears battle for control at these pivotal levels. Traders and investors should watch closely to determine whether Solana can overcome resistance or faces further consolidation. Featured image from Dall-E, chart from TradingView
Solana is currently trading at $197, marking a 13% decline from the local high it achieved earlier this week. The broader cryptocurrency market is experiencing heightened indecision, with some fear creeping in as Bitcoin struggles to reclaim the pivotal $100,000 level. This hesitation has created ripple effects across altcoins, including Solana, which has seen its recent momentum stall. Related Reading: Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target Top analyst Jelle shared a technical analysis on X, highlighting that $SOL/BTC could be a key pair to monitor in the coming weeks. Jelle suggests that Solana’s performance against Bitcoin may provide critical insights into its potential trajectory. While Solana remains a market favorite due to its robust ecosystem and innovative developments, its ability to reclaim strength relative to BTC will likely influence investor sentiment. As Solana continues to test key support levels, market participants are closely watching for signs of a breakout or further consolidation. The next few weeks could be decisive for Solana’s price action, setting the tone for its performance in the months ahead. Will Solana bounce back to reclaim its highs, or will market uncertainty push it lower? Investors are waiting for clear signals amid this period of flux. Solana Enters A Crucial Phase Solana is trading just above the critical $190 support level, a former supply zone that has flipped into demand. This level represents a key test for the asset as it seeks to solidify its bullish trajectory. Solana has been forming higher lows, a positive sign of strength, but it still needs to reclaim higher supply zones to confirm a sustained bullish trend. Top analyst Jelle recently shared his insights on X, emphasizing the importance of monitoring the SOL/BTC pair in the coming weeks. He noted that Solana is entering what appears to be a bullish phase, but its performance against Bitcoin will be a critical factor in determining its future direction. According to Jelle, Solana must reclaim the 0.0022 level against BTC to signal strength and confirm its bullish outlook. Should Solana fail to achieve this, Jelle indicated that he would consider reallocating some of his exposure back into Bitcoin. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown? The current market indecision, fueled by Bitcoin’s struggle to break above $100,000, has left many altcoins, including Solana, in a state of flux. A breakout above the 0.0022 level on the SOL/BTC chart would not only reinforce confidence in Solana’s bullish potential but also mark it as a strong contender in the ongoing market rally. Testing Demand At Key Levels Solana is currently trading at $196, navigating a critical demand zone between $193 and $200. This range serves as a key battleground for bulls and bears as Solana attempts to sustain its bullish trajectory. For bulls to regain control, the price must decisively break above the $200 level, invalidating bearish pressure and setting the stage for further gains. To solidify its bullish structure, Solana needs to reclaim the $222 mark. Achieving this would establish a higher high, reinforcing confidence among investors and signaling the continuation of its upward trend. However, failure to push above $200 could leave the price vulnerable to further downside pressure. Related Reading: Key Indicator Signals Buy On XRP 4-Hour Chart – Analyst Predicts A Price Rebound On the flip side, losing the $193 support level would likely trigger a deeper correction. This could result in Solana entering a consolidation phase, where the price stabilizes before attempting another breakout. Such a scenario would likely extend market indecision as investors await clear signs of a sustained trend. Featured image from Dall-E, chart from TradingView
Solana (SOL) finds itself at a critical juncture as it tests demand at a price level that previously acted as key resistance. Since late November, SOL’s price has been in a retrace, dampening the hype surrounding the cryptocurrency. The prolonged decline has left investors uncertain about the next move for Solana, with many questioning whether it can regain its bullish momentum. Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon Top analyst Jelle recently shared a technical analysis on X, shedding light on Solana’s current setup. According to Jelle, Solana has formed a falling wedge pattern—a classic bullish formation—into what was once a critical resistance level. The price has confirmed this level as support, providing a potential foundation for a significant rally in the near term. If the support holds, it could reignite bullish sentiment and position Solana for another strong run. However, a failure to sustain this level may signal further downside, potentially eroding confidence in its long-term trajectory. As Solana navigates this pivotal moment, all eyes are on whether it can reclaim its former glory and capitalize on the momentum. Solana Finding Fuel To Take Off Solana has experienced a 23% retrace from its local high of $264, set on November 22. Despite this decline, the cryptocurrency is holding firm above the $210 level, a crucial support zone that has analysts optimistic about a potential rally to new all-time highs. The resilience shown by SOL at this level suggests that bullish momentum may be building as the price consolidates. Top analyst Jelle recently shared his insights on X, highlighting a bullish technical setup for Solana. According to Jelle, SOL has formed a falling wedge pattern, a structure often indicative of an upcoming breakout. Importantly, the wedge aligns with a key resistance level that has now been confirmed as support, strengthening the case for further upward movement. Jelle also points out that Solana has formed its first higher low during this retracement, a potential signal that the asset is poised to resume its bullish trend. He believes Solana could re-enter price discovery before Christmas, forecasting a target of $300 in the coming days. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? However, risks remain, particularly if the consolidation phase continues for longer than expected. Should SOL fail to break out decisively, it could struggle to regain the upward momentum necessary to challenge new highs. For now, Solana’s ability to hold above $210 will be critical in determining its next move. Testing Reactive Demand Solana finds itself at a critical turning point, trading at $216 and holding firm above the $210 mark—a level that once acted as significant resistance. This key support level now plays a pivotal role in determining whether SOL can ignite a historic rally. The current price action reflects growing optimism among investors, with many anticipating that staying above $210 for just a few days could trigger a sharp recovery. Analysts suggest that if SOL maintains its foothold above this critical level, a swift move toward $250 would likely follow. Such a recovery would position Solana to regain its bullish momentum and potentially challenge its all-time high (ATH). While this scenario might seem ambitious, SOL has previously demonstrated its capacity for rapid upward moves during similar conditions. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? A strong confirmation of support at the $210 level could attract fresh buying interest, creating the foundation for the next leg of its rally. With momentum on the horizon, the coming days will be critical in determining whether Solana can make history and aim for unprecedented price levels. Featured image from Dall-E, chart from TradingView
Solana (SOL) is trading around a crucial demand level at $165, following a pullback from recent highs of $183. This level is pivotal for SOL, as losing it could trigger a deeper correction, putting the altcoin at risk of further downside. However, prominent analyst Carl Runefelt has shared technical analysis indicating that Solana may be primed for a brief correction before staging a rally to retest local highs. Related Reading: Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price? Runefelt’s analysis highlights signs of renewed strength for SOL, suggesting that the altcoin is preparing for a move that could challenge recent highs within the next few days. This bullish setup depends heavily on Solana maintaining support at $165, which could act as a launchpad for further upward momentum. As the crypto market closely watches Bitcoin’s bid for a new all-time high, Solana investors are bracing for potential volatility. In this uncertain landscape, Solana remains a focal point for investors who see an opportunity if support holds steady. Solana Holding Key Demand Level Solana (SOL) has emerged as one of the stronger-performing altcoins this cycle, drawing significant attention as it tests a key demand level that could drive it toward new highs. Prominent analyst and investor Carl Runefelt recently shared a technical analysis on X, indicating that SOL may briefly dip to around $160 before staging a push to retest its recent high at $180. According to Runefelt, this $160 level represents a critical support zone for Solana, as holding above it is essential to sustain the altcoin’s bullish momentum and confirm its ongoing uptrend. Runefelt’s analysis emphasizes the importance of this support level in fueling Solana’s potential for gains, suggesting that it could serve as a springboard for a substantial rally. If SOL successfully holds above $160, a surge to test local highs would not only reinforce confidence among investors but also set the stage for Solana to push into new territory if broader market conditions remain favorable. The coming week could prove pivotal for SOL as the market braces for heightened volatility with the US election on the horizon (Nov 5) and Bitcoin nearing its all-time high. Related Reading: Analyst Exposes Ethereum Ascending Support At $2,400 – Best Chance To Accumulate ETH? As investors monitor macro events and Bitcoin’s movements closely, Solana’s technical setup around $160 will be a focal point for those seeking to capitalize on the altcoin’s potential gains. If Solana maintains its bullish structure, it could play a key role in leading the altcoin market forward in this cycle. SOL Technical Levels To Watch Solana is trading at $166 after a slight rebound from the $163 level, maintaining a strong position above the critical $160 support zone. This level has proven to be a vital threshold for SOL, as a sustained hold here could set the stage for a rally toward higher resistance levels. If buyers successfully defend $160, it may serve as the foundation for a climb to $183 and potentially beyond, with higher supply zones likely to be tested. Related Reading: Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead Analysts are watching this level closely, as it could either reinforce SOL’s bullish structure or signal the need for further consolidation. A breakdown below $160, however, would likely lead to a deeper correction, prompting traders to recalibrate their expectations as Solana seeks lower support levels. The next few days will be crucial as the market evaluates SOL’s strength at $160 and prepares for potential moves to new highs. Featured image from Dall-E, chart from TradingView
Solana (SOL) is holding strong above the $160 mark after the broader market experienced a healthy dip to previous demand levels. Despite the dip, Solana has shown resilience, though the past few hours have been marked by short-term volatility with rapid price fluctuations. Investors are closely monitoring the next moves as Solana navigates this uncertain phase. Related Reading: 53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action? Top analyst Carl Runefelt recently shared a technical analysis suggesting a potential surge for SOL in the coming days, with a target of $176. His analysis highlights key bullish patterns, but concerns about the broader market correction could drag Solana down if the correction intensifies. With the market in flux, the next few days will be crucial for SOL. Investors watch closely for signs of strength or weakness that could influence the price action. While optimism remains for a potential surge, caution is warranted as the market correction unfolds. Solana Testing Previous Supply As Demand Solana is currently at a critical level, holding strong above $160, a price that had previously acted as resistance since early August. SOL has broken above this level and found support, so it signals a potential shift in the monthly trend that has kept the price suppressed. Investors are watching closely to see if this shift will lead to continued bullish momentum. Crypto analyst and investor Carl Runefelt recently shared a technical analysis on X, offering insight into Solana’s short-term outlook. He revealed a 1-hour chart showing a symmetrical triangle, a bullish pattern often preceding strong price movements. The upper line of this triangle sits around $168, and Runefelt suggests that if SOL manages to break above this level, the next target would be $176. This would mark a significant push to new local highs, further solidifying Solana’s bullish trend. As Solana continues to hold above $160, the market is waiting. Investors are exercising patience and are aware that the next few hours and days could be pivotal for SOL’s price action. Related Reading: XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance If the bullish pattern materializes and the price breaks out, it could lead to a significant rally. However, until that breakout occurs, traders are cautious, knowing that short-term volatility could still impact Solana’s performance. Technical Levels To Watch Solana is currently trading at $165 after facing a rejection from the $171 mark, a key resistance level that may hold the price down for a few days or weeks. Despite this setback, SOL has shown resilience, rebounding strongly from the daily 200 moving average (MA) at $150 and successfully breaking past the $160 resistance. This breakout is a significant development, signaling a potential upside once the broader market begins pushing up again. Holding above the $160 level is crucial for SOL, reflecting investor confidence and signals strength in the price action. Holding this support level would signal optimism about Solana’s ability to rally and reach new yearly highs in November. Related Reading: Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target The coming days will determine whether SOL can keep bullish momentum or if a prolonged consolidation below $171 is in. Investors are closely watching for signs of strength and a continued push higher. Featured image from Dall-E, chart from TradingView