Solana (SOL) has been under intense selling pressure, with the price failing to reclaim key resistance levels after weeks of fear-driven market conditions. Bulls lost control when SOL dropped below $180, a crucial support level that previously held firm. Since then, bearish sentiment has dominated, with speculation rising about a potential bear market for SOL and the broader altcoin sector. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation? Despite this negative outlook, there may be a glimmer of hope for Solana bulls. Top analyst Ali Martinez shared a technical analysis on X, revealing that SOL is forming a bullish channel in the short-term time frame. This pattern suggests that if Solana holds within this formation, a surge to higher price levels could follow. For this bullish scenario to play out, SOL must hold the lower trendline of the channel and push toward higher resistances. A breakout from this pattern could signal a strong recovery, potentially reversing the downtrend that has dominated the market for weeks. However, if Solana fails to maintain this structure, the risk of further downside remains high. The next few days will be crucial in determining SOL’s short-term direction. Solana Faces Risks Amid Volatility Solana has faced relentless selling pressure since hitting its all-time high of $261 in January, now down 61% from that peak. As hopes for a massive bull run fade, speculation around a potential bear market continues to grow. The broader macroeconomic environment remains unfavorable, with trade war fears and economic uncertainty pushing down not just the crypto market but also the U.S. stock market. Investors are now looking for signs of a reversal, and technical indicators suggest a potential short-term recovery. Martinez’s analysis on X reveals that Solana is forming a bullish channel and is eyeing a climb from the channel’s base to the upper resistance at $140. If this pattern holds, SOL could push toward $140 and even higher levels, signaling a relief rally. For this bullish outlook to materialize, Solana must maintain its current trendline support and break through key resistance levels. If SOL fails to hold this channel, it could face further downside, reinforcing fears of a prolonged bear market. The next few days will be crucial in determining whether Solana can reclaim momentum or continue its downward trajectory. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming? Solana Struggles As Bulls Fight to Regain Momentum Solana (SOL) is currently trading at $129, following days of consolidation between $136 and $111. The price action remains uncertain, with bulls struggling to regain control after weeks of selling pressure. For a potential reversal, SOL must break above the $140 resistance level and push toward $160, a key level that would signal a shift in market structure. If bulls successfully reclaim these price points, a stronger recovery phase could begin, potentially attracting new buyers back into the market. However, if Solana fails to hold the $125 support, it could trigger a wave of selling pressure, sending the price toward lower demand zones. A break below this level could expose SOL to a drop toward $110 or even lower, reinforcing concerns that the current downtrend is far from over. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally – Insights The next few trading sessions will be crucial in determining whether Solana can reclaim momentum or if further declines are ahead. Featured image from Dall-E, chart from TradingView
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
Solana (SOL) is facing significant selling pressure and struggling to hold key support levels as the entire crypto market remains under stress. Bulls have lost control, with SOL plunging over 37% since the start of March, reflecting the broader market’s risk-off sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn isn’t limited to crypto—trade war fears and macroeconomic uncertainty have pushed the crypto and U.S. stock markets to their lowest levels since late 2024. With investor confidence deteriorating, SOL remains in a vulnerable position, failing to reclaim critical price levels. Despite the recent weakness, some analysts see potential for a turnaround. Top analyst Ali Martinez shared insights on X, highlighting that Solana is forming a textbook cup-and-handle pattern, a bullish technical formation that could lead to a breakout. If this pattern plays out, SOL could reclaim higher price levels, reversing some of its recent losses. For now, Solana must overcome key resistance levels before confirming a bullish trend. If market conditions improve, SOL could see renewed momentum, but failure to hold current support could result in further downside. The next few weeks will be critical in determining Solana’s short-term direction. Solana Bullish Setup Hints at a Potential Breakout Solana is currently trading below the $130 mark, struggling to establish a foundation for a recovery phase. The broader market downturn continues to weigh heavily on SOL, with volatility and speculation driving short-term price action. With bears still in control, Solana’s direction remains uncertain, and short-term sentiment remains bearish. Despite the recent decline, many investors remain hopeful that SOL is poised for a significant recovery once the broader market starts trending upward. Optimism comes from historical patterns, where Solana has shown strong comebacks following extended periods of selling pressure. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? Martinez’s long-term technical analysis on X highlights that Solana is forming a textbook cup-and-handle pattern, a bullish formation that often precedes major breakouts. SOL could potentially surge to $3,800 if price action confirms this pattern, marking an astonishing 2,900% gain from current levels. The next few days will be crucial as Solana and the broader crypto market attempt to establish local lows and build momentum for a potential rebound. If market sentiment shifts and key resistance levels are reclaimed, SOL could be one of the top performers in the next primary bullish phase. Price Struggles Around $125 Solana is currently trading around $125, facing resistance at the $130 level after multiple failed attempts to reclaim it. With bears still in control, SOL remains under selling pressure, and bulls must act quickly to avoid further declines. For a recovery to take shape, SOL needs to break above the $130 mark and push toward $150. If bulls manage to reclaim this key level, it will signal renewed buying strength, potentially setting the stage for a larger recovery rally. A move past $150 could shift market sentiment and open the door for higher price targets. However, if SOL fails to hold the current demand, a further downside is likely. A drop below $125 could send the price toward lower support levels between $100 and $105, a zone where buyers may step in to stabilize the price. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The next few trading sessions will be crucial in determining whether SOL can regain momentum or if further selling pressure will drive it lower. Investors are closely watching key resistance and support levels, as short-term direction remains uncertain amid broader market weakness. Featured image from Dall-E, chart from TradingView
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 has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery. As uncertainty continues, investors remain cautious, watching for signals of a potential trend shift. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? However, despite the bearish outlook, some analysts believe that this correction could be nearing its end. Many are now looking for key technical confirmations that could indicate a reversal or breakout in the near future. A top crypto analyst, Ali Martinez, shared a technical analysis on X, revealing that Solana remains in consolidation within a wide range pattern. This type of formation often suggests increasing volatility before a potential breakout to higher prices. If SOL follows the historical behavior of this pattern, it could be positioning for a significant move upward once market conditions stabilize. With Solana hovering near crucial price levels, the coming days will be key in determining whether bulls can reclaim control or if further downside awaits. Traders are now watching for a decisive breakout or another leg down before making their next move. Solana Struggles Around Crucial Demand Solana is struggling to hold the $140 support level after failing to reclaim higher price levels, keeping sentiment bearish as price action continues in a downtrend. Analysts remain cautious, warning that SOL could see further declines unless bulls regain control and establish stronger momentum. The past few weeks have been marked by unpredictable events, adding to the market’s uncertainty. The ongoing trade war developments between the United States, Mexico, Canada, and China have put additional pressure on financial markets, including crypto assets like Solana. Meanwhile, President Trump’s executive order to establish a Strategic Bitcoin Reserve had an underwhelming effect on the market, failing to generate the bullish reaction many investors had hoped for. Despite these challenges, some technical indicators suggest that Solana may be gearing up for a significant move. Martinez’s analysis highlights that SOL remains in consolidation within a right-angled ascending broadening pattern. Historically, this formation has led to high volatility and a breakout in either direction, hinting that a major price move could be coming soon. If Solana breaks below $140, it could trigger a deeper correction, further reinforcing the bearish trend. However, if bulls manage to push SOL above key resistance levels, it could reverse the downtrend and set the stage for a strong recovery rally. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst For now, traders are closely monitoring SOL’s price action, waiting for a decisive move that could determine its next major trend. The coming days will be crucial in assessing whether Solana can stabilize and rebound or face further downside pressure. Solana Battles To Hold Ground At Lower Levels Solana is currently trading at $139 after failing to reclaim the 200-day Moving Average (MA) and Exponential Moving Average (EMA), which sit around the $184-$186 resistance zone. The inability to break above these critical levels has left bulls in trouble, as SOL struggles to hold the $140 support and now risks setting fresh lows below $125. The bearish momentum has kept SOL under pressure, with price action confirming a continued downtrend. If sellers gain more control and $140 fails to hold, a breakdown below $125 could trigger further downside, forcing SOL into lower demand zones. However, despite the current weakness, there’s still a chance for recovery. If bulls can push SOL back above $180, reclaiming this critical level could shift market sentiment and trigger a strong recovery move. A decisive breakout above this zone would invalidate the bearish outlook, signaling a potential push toward higher resistance levels. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details For now, traders are watching closely to see whether Solana can hold its key support or if another leg down is inevitable. The next few days will be crucial in determining whether SOL can stabilize or face deeper losses in the short term. Featured image from Dall-E, chart from TradingView
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 (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? Panic has taken over the market, and traders are growing fearful that Solana’s correction may continue into lower price levels. Despite multiple attempts to reclaim momentum, bulls have been unable to defend key demand zones, allowing bears to maintain control. Top analyst Ali Martinez shared a technical analysis on X, stating that Solana appears to be experiencing a macro trend shift from bullish to bearish. If SOL fails to recover key levels soon, it could signal a deeper downtrend and further selling pressure in the coming weeks. For now, investors are closely watching Solana’s next move. If SOL can reclaim key resistance levels, it could stabilize and possibly trigger a recovery. However, failure to hold above current prices could lead to an extended bearish phase, increasing the risk of further declines. Solana Facing Serious Selling Pressure Solana is trading below crucial daily support levels, invalidating the bullish structure thesis that many traders were holding onto. The price action has been weak, with Solana now caught in a high time frame range between $120 and $220. If bulls fail to defend the lower end of this range, Solana could face the risk of a prolonged bear market. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown – Analyst Forecasts A Big Move The current price breakdown suggests that bears remain in control as selling pressure continues to mount. Solana has struggled to reclaim momentum, and the once-strong uptrend that started in July 2023 is at risk of collapsing. Analysts are now monitoring whether SOL can hold above the $120 support level, as a failure to do so could trigger a deeper correction. Martinez’s technical analysis states that Solana appears to be experiencing a macro trend shift. Martinez explains that the bullish trend that started in mid-2023 is on the verge of breaking, and if SOL continues to lose key demand levels, it could confirm a long-term bearish phase. Investors are now waiting for a confirmation move. If Solana can reclaim key resistance levels, bullish momentum could be reestablished. However, if the price fails to hold support and breaks below $120, it may indicate the start of a bear market for Solana. Price Testing Long-Term Demand Solana is trading at $130 after experiencing a 33% drop in less than two weeks. The market is in panic mode, with selling pressure overwhelming bullish attempts to reclaim key levels. Bulls have lost control of the price action, and Solana is struggling to find strong support. At this stage, the most crucial level to hold is $120. If SOL falls below this mark, it could trigger a deeper correction and push the price into uncharted bearish territory. However, if buyers step in and defend this level, Solana could stabilize and prepare for a potential recovery rally. For a trend reversal, SOL must reclaim the $160 level as soon as possible. This would help restore bullish momentum and shift market sentiment back toward optimism. However, this process could take time, especially given the current uncertainty and broader market weakness. Related Reading: Long-Term Dogecoin Holders Are In “Denial” – On-Chain Metrics Expose Weakness A consolidation phase around the $120–$140 range is possible before any meaningful recovery takes place. If Solana holds above support and demand starts increasing, a strong bounce could follow. However, failure to hold these levels could confirm a bearish trend, extending the correction even further. Featured image from Dall-E, chart from TradingView
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
Solana is facing mounting selling pressure, trading at its lowest level since September 2024 following yesterday’s market-wide correction. Extreme fear continues to grip the market as SOL fails to find strong support, with bears maintaining control since the cryptocurrency hit its all-time high back in January. Since then, Solana has retraced over 55%, leaving investors uncertain about its short-term prospects. Related Reading: XRP Breaks Down Below Key Demand – Analyst Expects A Drop To $1.65 The broader crypto market remains under pressure, with altcoins struggling to regain bullish momentum. Analysts warn that further declines could be on the horizon if SOL fails to hold key levels. Crypto expert Ali Martinez shared on-chain metrics on X, revealing that Solana’s transfer volume has plummeted dramatically. According to the data, Solana’s transfer volume has dropped from $1.99 billion in November 2024 to just $14.57 million today. This significant decline suggests a steep drop in network activity and interest, raising concerns about the current state of the Solana ecosystem. With bearish sentiment dominating the market and on-chain activity slowing, the coming days will be crucial for SOL. If bulls fail to defend key support levels, Solana could see further downside. However, a strong recovery in volume and price action could indicate renewed interest and potential for a reversal. Solana Struggles Below $150 as Bears Maintain Control Solana is facing significant selling pressure, struggling to break above the $150 mark as bears dominate price action. The broader market sell-off has taken a heavy toll on SOL, with meme coins experiencing some of the steepest declines. Solana, which previously benefited from the meme coin hype cycle, is now seeing a major pullback as speculation fades. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation The price action remains weak as Solana trades below key demand levels that once sustained its long-term bullish structure. Bulls have lost momentum, failing to establish a strong recovery, while bears continue to drag the entire market down. If SOL fails to hold above current demand levels, further downside could be expected in the short term. Martinez’s on-chain data highlights a troubling trend for Solana’s network activity. According to Glassnode, Solana’s transfer volume has plummeted from $1.99 billion in November 2024 to just $14.57 million today. This dramatic drop indicates a sharp decline in network usage and trading activity, further reflecting the cooling-off period in meme coin speculation. The coming days will be critical for Solana. If SOL can hold above key demand levels, a recovery phase could begin. However, continued weakness in volume and price action could lead to further declines, making it essential for bulls to reclaim momentum soon. Price Struggles At $140 Amid Selling Pressure Solana (SOL) is trading at $141 after experiencing days of intense selling pressure, struggling more than most altcoins in the current market downturn. The broader crypto market has faced extreme volatility, with many assets seeing sharp declines. However, Solana remains one of the worst-hit, failing to establish strong support or momentum for a potential rebound. If bulls can defend the $140 level, there is a chance for a short-term recovery. Holding above this crucial demand zone could provide the foundation for a push back above key resistance levels. However, sentiment remains weak, and any further downside in Bitcoin or the broader market could send SOL into deeper corrections. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move If Solana fails to maintain its current support, the next critical level to watch is $130, where buyers may attempt to step in again. However, a sustained breakdown below this mark would increase the risk of further declines into lower demand zones. The coming days will be crucial for Solana’s price action, as investors wait to see whether bulls can reclaim momentum or if bears will continue to drive the price downward. Featured image from Dall-E, chart from TradingView
The cryptocurrency market is experiencing significant turbulence this week, with Solana (SOL) facing particularly steep challenges. As the excitement surrounding memecoins wanes, prices have dropped to their lowest levels in several months. Following the historic hack of the ByBit exchange and President Trump’s controversial tariff proposals, the overall crypto market has seen a downturn, with Bitcoin falling 12% in the past week. In contrast, Solana has plummeted 22%, reaching a new five-month low. Solana Struggles As New Data Shows Dramatic Drop As reported by Fortune, the decline in Solana’s value can be attributed to its association with recent celebrity-backed memecoin scandals, particularly the LIBRA incident. This cryptocurrency surged to a nearly $5 billion market cap before crashing, following promotion from Argentine President Javier Milei, whose involvement has sparked outrage and prompted an investigation. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Zach Pandl, head of research at the crypto asset manager Grayscale, noted that this incident has highlighted the volatility and risks associated with memecoins, stating, “The current phase of memecoin trading on Solana is over.” Solana’s rise as the preferred blockchain for memecoin development was largely due to its low transaction costs, high transaction speeds, and user-friendly infrastructure. Platforms like Pump.fun facilitated the rapid creation of cryptocurrencies on Solana, leading to a peak of over 71,000 memecoins launched in a single day. However, this number has since dwindled to just 26,000, according to data from analytics firm Dune. Analysts Warn Of Potential Drop Below $100 While many memecoins lack intrinsic value and are often linked to scams, Pandl suggested that the recent memecoin frenzy had some positive impacts on the Solana ecosystem. “It onboarded users, generated revenue, and helped stress test the Solana blockchain in various ways,” he explained. “In that sense, memecoin trading is one of the many building blocks to developing the next generation of financial infrastructure.” Adding to Solana’s woes, the open interest for Solana futures has declined by 44% over the past month, dropping from an all-time high of $6.39 billion to just $3.57 billion today. This decline indicates a reduction in investor confidence and interest in leveraging Solana positions. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades CoinGecko data also shows a similar pattern from investors, as trading volume has dropped 54% in the last 48 hours, representing only $5 billion of Solana’s total market cap of $66 billion. Currently trading at $134, analysts have identified this price point as a crucial support zone in the ongoing downtrend. According to Crypto General, if this support fails to hold, the next support level could fall below $100, representing a drop of more than 65% from Solana’s all-time highs. Featured image from DALL-E, chart from TradingView.com
As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies. On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors. Ethereum Falls Below $2,600: Potential End To Altseason Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange. Market expert Crypto Rover highlighted that these sales, which occurred over a span of just 48 hours, have contributed to a staggering 7% drop in Ethereum and a 12% decline in Solana’s value. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Ethereum has now breached its critical support level of $2,600, a point that analysts like Ali Martinez caution could signal the end of the altcoin season if confirmed on higher time frames. Martinez notes that the next significant threshold for the Ethereum holders is set at $2,300; falling below this level could jeopardize the psychologically crucial $2,000 mark. For Solana, the situation is similarly dire. The asset has retraced below its major support level at $150, settling around $140. This decline represents a considerable 51% gap from its all-time high of $293 reached in January. The bearish sentiment surrounding Solana is further underscored by a stark drop in network activity. Martinez pointed out that Solana’s active addresses have plummeted by 60%, falling from an impressive all-time high of 18.5 million in October to just 7.3 million. Market Manipulation Allegations Arise Amidst these troubling developments, voices within the crypto community are suggesting that the market turbulence may not be coincidental. Experts like Marty Party have expressed concerns about the role of Binance, asserting that the exchange may have offloaded its holdings in Solana and Ethereum to cover fines imposed by the Department of Justice (DOJ) while also profiting from liquidating leveraged futures positions. Such actions have been characterized as “manipulative,” with Marty noting the timing of these sales. Doctor Profit, another market expert, also suggests that platforms like Bybit may have engaged in similar practices to recover “lost Ethereum” after its recent hack, fueling further speculation about the integrity of these exchanges. Critics argue that these “market maneuvers” are indicative of a broader pattern of manipulation, particularly aimed at triggering mass liquidations among long positions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish Doctor Profit remarked on the apparent transparency of these manipulations, suggesting that market players are exploiting the naivety of average crypto investors. Given the current climate, there is a growing call within the crypto community to shift away from centralized exchanges and traditional financial structures. Advocates like Doctor Profit are urging investors to embrace decentralized finance (DeFi) and monolithic networks, emphasizing the importance of self-custody and minimizing reliance on institutions that may be susceptible to manipulation. For now, Ethereum has managed to stabilize at $2,390, which is nearly 50% below the record high of $4,878 reached during the 2021 bull market. Featured image from DALL-E, chart from TradingView.com
Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation Bears have remained in control, consistently driving prices lower as investors lose confidence. The once-thriving meme coin speculation that fueled Solana’s rally has now turned into a major headwind, accelerating the selloff and preventing a stable recovery. Analysts believe further declines could be on the horizon, especially if SOL fails to reclaim key support levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has broken below a crucial demand level, signaling increased risk of additional downside. According to Jelle, SOL’s current price structure suggests that bears still have control, and unless a strong bounce occurs soon, lower price targets could come into play. With market sentiment at extreme lows, all eyes are on Solana to see if it can stabilize or if further declines are inevitable. Solana As Market Turns Bearish Solana is trading below critical demand levels that previously sustained its long-term bullish structure. Bulls have lost control, and bears continue to dominate, pushing the entire market lower. Since reaching all-time highs in January, SOL has dropped over 55%, erasing months of gains and signaling extreme fear among investors. As selling pressure intensifies, Solana has become one of the hardest-hit altcoins, with meme coins suffering the most. The speculative frenzy that once fueled Solana’s surge has now turned into a major risk, with rug pulls and liquidity issues shaking investor confidence. Jelle’s analysis on X reveals that when he sold his SOL bags, he didn’t expect the price to drop this hard. He also notes that Solana has lost both monthly and weekly support levels, which could indicate further declines. The breakdown below these key demand zones has intensified bearish sentiment, making a recovery more difficult in the short term. The upcoming week will be crucial for Solana’s price action, as the market leans increasingly bearish. If SOL fails to reclaim lost support, it could face another wave of selling pressure, potentially pushing it into lower demand zones around the $140 mark. However, if bulls manage to regain control and push the price back above $185, it could trigger a short-term relief rally. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time With the broader market struggling and uncertainty rising, Solana’s next move will determine whether it can stabilize or continue its downward trajectory. Investors remain cautious as fear dominates sentiment, but some still believe in a potential recovery if market conditions improve. The coming days will be crucial in deciding Solana’s fate in this volatile market. Price Struggles To Hold $140 Solana is trading at $139 after a brutal selloff that saw the price drop over 22% since Sunday. The entire crypto market has been hit with extreme selling pressure, but SOL continues to struggle more than other altcoins. Bearish momentum remains strong, and bulls are finding it difficult to establish a clear support zone. If Solana can hold above the $140 mark, there is a chance of a short-term recovery. Bulls must step in and push the price above $150 to signal strength and prevent further downside. However, current sentiment remains weak, and any failure to reclaim lost levels could lead to further declines. If SOL loses $140, the next significant demand zone sits around the $125–$130 range. Breaking below this level would confirm a deeper correction, potentially pushing SOL into its lowest price since August 2024. Investors are growing cautious as market volatility increases, and Solana’s price action remains uncertain. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move For now, traders are watching for signs of a potential bounce, but the risk of continued declines remains high. If the broader market doesn’t recover soon, Solana could continue to face downward pressure, testing even lower support levels in the coming days. Featured image from Dall-E, chart from TradingView
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
Solana has experienced intense selling pressure, now trading at its lowest levels since November 2024 and erasing all the gains from the post-election rally. Once a leader in the altcoin market, Solana is now facing serious risks as the meme coin euphoria that fueled its rise has turned into a bloodbath, raising concerns about its long-term sustainability. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum The speculative frenzy surrounding meme coins initially drove massive transaction volumes and liquidity to the Solana ecosystem. However, as the hype fades and major sell-offs continue, the impact is now weighing heavily on SOL’s price action. Analysts suggest that the rapid cycle of speculation and liquidation has left Solana vulnerable to further downside. Crypto analyst Jelle shared an analysis on X, revealing that SOL took out the recent lows but managed to close above the previous lows, signaling a potential relief move. Jelle emphasized that this could be a crucial moment for SOL, as reclaiming key levels could ignite a strong recovery. However, the coming days will be critical, as the market awaits confirmation of a bounce or further downside. Investors are closely watching Solana’s price action, as it teeters on the edge of a major move. Solana Testing Critical Demand Levels Solana has faced massive selling pressure since reaching its all-time high in late January, with its price now struggling to recover amid a broader downturn in the altcoin market. Negative sentiment continues to dominate as the meme coin frenzy that once fueled Solana’s growth has turned into a liability, dragging down liquidity and investor confidence. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level – Time For A Breakout? The rapid rise and fall of speculative meme coins on the Solana network have created an unstable trading environment, with traders hesitant to reinvest in the ecosystem. This shift has led to a decline in decentralized exchange (DEX) volumes, further exacerbating Solana’s struggle to maintain bullish momentum. The network’s fundamentals remain strong, but price action suggests that investors are growing cautious. Jelle’s analysis on X reveals that SOL took out the recent lows but managed to close above the previous lows. While this signals a potential relief move, it is far from confirming a full recovery. Jelle wants to see a strong bounce from here—ideally with SOL reclaiming $185 before the end of business on Friday. Traders and investors are keeping a close watch on the 3-day and weekly candle closes to determine the next major move for Solana. A successful reclaim of the $185 level could restore confidence and push the price back toward $200. However, failure to do so might lead to further downside pressure, as Solana remains vulnerable to broader market movements and the ongoing volatility in the meme coin sector. SOL Price Trying To Reclaim Key Levels Solana (SOL) is currently trading at $173, holding above the crucial $170 support level. Bulls must defend this price to maintain short-term momentum and prevent a deeper correction. A push above the $185 mark is essential for a recovery, as this level aligns with the 200-day moving average, a key indicator of long-term strength. Reclaiming this level would signal a shift in momentum and open the door for a stronger upside move toward higher resistance levels. However, if SOL fails to push above the $185 mark in the coming days, selling pressure could intensify, leading to another downturn. Bears remain in control as long as the price stays below this critical threshold, and a rejection at $185 could trigger further downside, potentially revisiting support around $160 or lower. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal The coming days will be crucial for Solana, as traders watch for confirmation of a reversal or a continuation of the bearish trend. A breakout above $185 could provide the momentum needed for SOL to regain its bullish trajectory, while a failure to reclaim this level would likely result in further losses. Market sentiment remains fragile, with investors closely monitoring price action for any signs of a sustainable recovery. Featured image from Dall-E, chart from TradingView
Solana has faced increasing selling pressure and negative sentiment as the broader meme coin market continues to decline, impacting overall market performance. Analysts suggest that excessive speculation on meme coins is a key reason why altcoins, including Solana, are underperforming compared to Bitcoin. The hype-driven nature of these tokens has led to extreme volatility, making investors more cautious about altcoin exposure. Related Reading: Ethereum Historical Indicator Flashes Long-Term Buy Signal – Is History Repeating? Meme coins are now seen as a risk factor for Solana’s ecosystem. A recent rug pull involving LIBRA, a meme coin endorsed by Argentina’s President Javier Milei, has intensified concerns among investors. This incident has shaken confidence in the network, as it highlights the dangers of speculative trading and potential scams within the Solana ecosystem. As a result, SOL has dropped 10% over the past week and remains down 40% from its January peak, signaling a clear trend of declining momentum. Additionally, trading volumes on decentralized exchanges (DEXs) have decreased significantly, reflecting growing investor hesitancy. Solana and the market face a critical moment, with analysts closely watching whether the network can recover from the damage caused by meme coin speculation or if further downside is expected. Solana Enters A CRucial Phase The meme coin euphoria that fueled Solana’s price surge for months is now unraveling, exposing the network to increased volatility and uncertainty. While Solana benefited from the speculative boom of meme coins, it was only a matter of time before the highly speculative market faced reality and started creating problems. Crypto analyst Axel Adler shared an analysis on X, warning that meme coins are actively hurting Solana’s long-term sustainability. The most recent example is the LIBRA rug pull, a meme coin that gained traction due to its association with Argentina’s President Javier Milei, only to collapse, leaving investors in losses. This event has heightened investor concerns and accelerated selling pressure on Solana, which has dropped 10% over the past week and 40% from its January peak. Beyond price action, Solana’s decentralized exchange (DEX) trading volumes have also taken a hit, dropping 25% in the last week, while the Raydium DEX alone saw a 47% decrease. This decline signals weakening investor confidence in Solana’s DeFi and trading ecosystem. Adding to the concerns, on March 1, 11.2 million SOL will be unlocked—these tokens, initially sold off during FTX’s bankruptcy, were later acquired by major firms like Galaxy, Pantera, and Figure. This large token unlock could further pressure the price if these firms decide to offload their holdings. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal With meme coin speculation cooling off, Solana now faces a crucial test: can it regain investor trust and stabilize, or will further downside follow as selling pressure intensifies? The coming weeks will be critical in determining the network’s ability to recover from this downturn. SOL Holding Crucial Demand Solana (SOL) is trading at $184 after losing the 200-day exponential moving average (EMA) around $190, signaling increased selling pressure. The price is now testing the 200-day simple moving average (SMA), a crucial long-term support level that bulls must defend to prevent further downside. If bulls fail to hold the 200-day SMA, a massive correction could follow, potentially pushing SOL into lower demand zones around $175 or even $160. The sentiment around SOL remains fragile as meme coin speculation continues to fade, dragging Solana’s ecosystem with it. For bullish momentum to return, SOL must reclaim the $190 level and push above the psychological $200 mark as soon as possible. A break and hold above $200 would confirm a short-term reversal, helping SOL regain strength and potentially target higher supply levels around $220–$230. Related Reading: Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week However, failure to bounce from current levels would indicate further downside risks, with more liquidations and selling pressure likely to follow. Given the negative sentiment surrounding meme coins and upcoming token unlocks, SOL is at a critical inflection point, where its next move will determine short-term market direction. Featured image from Dall-E, chart from TradingView
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
Solana has faced relentless selling pressure since late January, wiping out over 40% of its value after reaching all-time highs. Price action remains bearish, with SOL struggling to find strong support as the broader market experiences volatility. Investors are increasingly cautious, fearing that further declines could follow if key levels fail to hold. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? However, analysts believe Solana could see a swift recovery if it manages to maintain its current structure. Top analyst Daan shared a technical analysis on X, revealing that Solana is still hanging around above a key diagonal trend line and the Daily 200MA/EMA. This suggests that if SOL holds this area, it could regain strength and push higher in the coming weeks. While Solana’s price action has been concerning, the overall structure still looks intact. If the market regains momentum, SOL could quickly reclaim lost ground and make another run toward its previous highs. The coming days will be crucial as investors watch whether Solana can defend its support levels or if further downside is on the horizon. A strong bounce from current levels could mark the beginning of a new bullish phase for SOL. Solana Testing A Crucial Level Solana is trading at a critical zone after dropping more than 14% since Tuesday, testing the last support level that maintains its long-term bullish structure. Investors are growing concerned as selling pressure intensifies across the broader crypto market. If SOL fails to hold its current demand level, it could face sustained selling pressure, potentially leading to a deeper correction. Daan shared a technical analysis on X, noting that Solana is still holding above a diagonal trend line and the Daily 200MA/EMA. As long as this area remains intact, the structure looks decent for a potential rebound. He emphasized that these support levels have historically played a crucial role in determining SOL’s trend direction, making them a key focus for traders and investors. However, Daan also pointed out a technical concern regarding the two sweeps of the 2021 all-time high, which could indicate market uncertainty. Despite this, he believes that if the market finds momentum again, Solana could recover quickly and make another run toward higher price levels. Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip For now, SOL’s ability to hold above key support levels will determine its short-term direction. If bulls manage to defend these areas and push the price back above resistance, a strong rebound could be in play. SOL Price Action: Technical Levels To Hold Solana (SOL) is trading at $192 after a volatile and bearish start to February. The price is currently holding at the 200-day exponential moving average (EMA) and remains 5% above the 200-day simple moving average (SMA), signaling that this is a critical moment for bulls to step in and defend the long-term trend. If SOL manages to hold above these key indicators, the next objective for bulls will be reclaiming the $200 mark, a psychological and technical resistance level. A successful push above this level would signal strength and set the stage for a larger recovery in the coming weeks. However, if SOL fails to hold above the 200-day EMA and loses this crucial support, the price could face a significant drop toward lower demand areas around $170. This would confirm a deeper correction and extend the bearish momentum that has dominated the market since late January. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level With the market still under pressure, SOL’s ability to defend its long-term moving averages will determine its next move. A rebound from these levels would indicate bullish resilience, while a breakdown could accelerate selling pressure and push the price further into lower demand zones. Featured image from Dall-E, chart from TradingView
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
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern. Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely. Related Reading: Analyst Predicts Massive Breakout For BONK Price, Here’s The Target A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak. This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter. Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week. Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound. Why Now Might Be A Good Time To Buy As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows. Related Reading: Meme Coin Trader Says BONK Is Headed For New ATH, Here’s Why Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand. Featured image from LinkedIn, chart from Tradingview.com
A recent report by market intelligence firm Messari has highlighted an extraordinary performance by Solana (SOL) during the fourth quarter of 2024, characterizing it as potentially the best quarter for any blockchain in history. Solana Becomes Second-Largest DeFi Network The report reveals a staggering 213% quarter-over-quarter (QoQ) growth in Chain GDP—essentially the total app revenue generated on the Solana network—rising from $268 million in Q3 to an impressive $840 million in Q4. November stood out as the most lucrative month, contributing $367 million to the ecosystem. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Among the leading applications driving this revenue surge were Pump.fun, which generated $235 million, marking a 242% QoQ increase, and Photon, which saw even more explosive growth with a 278% increase, bringing in $140 million. The overall uptick in revenue can be attributed largely to renewed speculation in memecoins and a surge in AI-related cryptocurrencies launched during this period. Solana’s decentralized finance (DeFi) total value locked (TVL) grew by 64% QoQ, reaching $8.6 billion and positioning it as the second-largest DeFi network, surpassing Tron in November. The DeFi TVL, when expressed in SOL, saw a 28% QoQ increase, totaling 46 million SOL. The average daily spot decentralized exchange (DEX) volume also skyrocketed by 150% QoQ to $3.3 billion, driven by a resurgence in memecoin trading and the rise of AI-themed tokens. In terms of stablecoins, Solana’s market cap grew by 36% QoQ to reach $5.1 billion, making it the fifth-largest stablecoin market among competing networks. The dominance of USDC continued, with its market cap increasing by 53% to $3.9 billion, capturing a 75% market share. Increased Activity And Speculation The liquid staking rate, which measures the percentage of liquid-staked SOL, rose by 33% to 11.2%, indicating that a significant portion of the eligible SOL supply—66%—is now staked. This growth is crucial for a thriving ecosystem built on yield-bearing SOL. The NFT market also saw a modest increase, with average daily volume rising by 7% QoQ to $2.7 million. Tensor dominated this space, achieving $103 million in volume—a 14% QoQ increase—while Magic Eden experienced a decrease of 28% to $68 million. Network activity metrics reflected robust engagement, with average daily fee payers increasing by 171% QoQ to 5.1 million. The number of new fee payers surged even more dramatically, growing by 189% to 3.8 million. Average daily non-vote transactions rose by 32%, reaching 81.5 million. Interestingly, the average transaction fee saw a notable uptick, increasing by 122% QoQ to $0.05, driven by heightened network activity fueled by speculation regarding a more favorable regulatory environment for cryptocurrencies in the US. Related Reading: Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Despite these gains, staked SOL experienced a decrease of 5% in Q4, attributed in part to the FTX estate unlocking its tokens. However, SOL’s market cap itself grew by 27% QoQ to $91 billion, peaking at $120 billion in November. By the end of the quarter, SOL ranked sixth among all cryptocurrencies in market cap, trailing behind Bitcoin (BTC), Ethereum (ETH), Tether’s USDT, XRP, and Binance Coin (BNB). Currently, SOL is trading at $199, down 22% over the last two weeks, amid growing macroeconomic challenges that are having a significant impact on risk assets. Featured image from DALL-E, chart from TradingView.com
Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are closely watching this key level, as maintaining support above $200 is essential to confirm further upside potential. Related Reading: Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range Top analyst Jelle shared a technical analysis on X, highlighting Solana’s current position. He noted that SOL is holding the key support level so far and emphasized the importance of a bounce from this region to sustain short-term bullish momentum. According to Jelle, reclaiming $220 is the first mission for bulls, as it would set the stage for another rally toward recent highs. However, failure to hold above $200 could spell trouble, potentially leading to further downside and a more extended consolidation period. With the market experiencing high volatility, this week will be crucial in determining Solana’s short-term trajectory. If bulls defend key support levels and reclaim resistance zones, SOL could be on track for another push higher, continuing its impressive run from last year. Solana at a Critical Juncture: Can Bulls Take Control? Solana has retraced 40% from its all-time high, sparking concerns among investors who fear a prolonged correction. While SOL has been one of the strongest assets in this cycle, recent price action has left market participants uncertain about its short-term direction. Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Despite institutional interest and a pro-crypto U.S. administration, the market remains plagued by doubt, with altseason narratives struggling to gain traction. The level of uncertainty surrounding crypto markets is unprecedented compared to past bull runs, leading to increased hesitation among retail investors. However, some analysts remain bullish on Solana’s long-term prospects. Top analyst Jelle shared a technical analysis on X, revealing that Solana is holding the key support level around $200 so far. He emphasized that for SOL to remain short-term bullish, a bounce from this region is necessary. If bulls step in and defend this level, Jelle expects a surge above $220 in the near future, which could pave the way for a broader recovery. If Solana holds above $200 and reclaims key resistance levels, it would signal renewed strength and confirm a potential rally back toward all-time highs. However, if SOL breaks below support, further downside could follow, reinforcing bearish sentiment across the market. The coming days will be crucial in determining the next phase of Solana’s price action. SOL Price Holds Key Support At $200 Solana (SOL) is currently trading at $205, maintaining a crucial support level at $200. This price point is critical for short-term momentum, as holding above it strengthens the bullish case for another leg higher. If bulls can sustain this level and push above $220, a strong breakout could follow, potentially taking SOL back into all-time high (ATH) territory. However, if $200 fails to hold, SOL could face a deeper correction, with the next major demand zone around $180. A drop to this level could signal a longer consolidation phase, delaying the anticipated bullish continuation. For now, Solana remains in a decisive phase, where market structure and buying pressure will determine the next major move. If SOL reclaims $220, a rally back toward $250-$260 becomes increasingly likely. On the other hand, losing $200 would shift sentiment bearish, putting downward pressure on price action. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics With strong fundamentals and bullish long-term momentum, investors are closely watching Solana’s price action. The next few trading sessions will be crucial in determining whether SOL can resume its uptrend or face further downside pressure. Featured image from Dall-E, chart from TradingView
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) faced a brutal selloff yesterday, mirroring the broader market collapse triggered by escalating U.S. trade war fears. The price plummeted over 19% in less than 24 hours, wiping out weeks of gains and sending shockwaves through the crypto market. Investors are now bracing for more volatility, as the bearish momentum could extend into the week ahead. Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics Top analyst Jelle shared a price chart on X, highlighting that Solana has completely retraced the TRUMP meme coin pump. The rapid decline saw SOL drop as low as $175, marking one of its steepest single-day corrections in recent months. This level is now a critical zone for bulls, as further weakness could expose Solana to deeper losses. With market sentiment shifting drastically from bullish to fearful in just hours, traders wonder if Solana can recover or if another leg down is imminent. The coming days will be crucial as SOL attempts to stabilize and reclaim key support levels to prevent further downside. Solana FacesSelling Pressure But Remains Strong After yesterday’s brutal market selloff, Solana (SOL) has become a focal point for investors seeking strong plays amid the chaos. The entire crypto market plummeted as U.S. trade war fears triggered widespread panic selling. Solana was no exception, dropping over 19% in less than 24 hours. However, despite the negative environment and extreme volatility, long-term price action remains intact, suggesting that Solana could recover faster than most assets once the market stabilizes. Top analyst Jelle shared a technical analysis on X, revealing that Solana has completely retraced the TRUMP meme coin pump, falling as low as $175 before finding support. Jelle remains optimistic about Solana’s future, stating that its structure is still sound. He highlights that a close above M&W support would confirm another push higher, setting the stage for a strong recovery. According to his analysis, it’s only a matter of time before SOL revisits the $300 level, as long as it holds key structural levels. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means With the entire market facing heightened volatility due to macroeconomic uncertainty, this week will be crucial for Solana’s next move. If SOL can reclaim major support levels and break through immediate resistance, a strong recovery could be on the horizon. However, if selling pressure persists, the market could see further downside before a new accumulation phase begins. SOL Holding Above Key Levels Solana is trading at $199 after a small recovery from the $175 low, surging over 13% in the past few hours. Despite the recent bounce, market sentiment remains fearful, and selling pressure could persist throughout the week. Bulls must reclaim key levels quickly to regain momentum and prevent further downside. If SOL wants to confirm a bullish reversal, it must push above the $220 mark in the coming days. This level acted as strong support before the recent breakdown, and flipping it back into support would signal strength. However, given the current market uncertainty, a recovery may take time, and SOL could see more choppy price action before making its next move. The key level to watch on the downside is $189, where the 200-day exponential moving average (EMA) currently sits. If SOL loses this level, a deeper correction could follow, potentially leading to a retest of lower support zones. Bulls need to hold this mark to prevent a more extended decline. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst For now, all eyes are on SOL’s ability to reclaim critical resistance levels. If the price stabilizes and demand picks up, Solana could be primed for a strong rebound. However, further weakness could extend the correction phase. 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 has faced significant downward pressure in the past few days, dropping over 15% as the broader crypto market experiences a selloff driven by speculation and uncertainty. Meme coins, which have been a major catalyst for Solana’s recent growth, are now seeing massive losses, raising concerns about the blockchain’s short-term outlook. With meme coin projects struggling, Solana’s ecosystem is taking a hit, as these tokens have contributed significantly to its transaction volume and network activity. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? Top analyst IncomeSharks shared a technical analysis on X, revealing that Solana still has room to go lower, attributing the decline to a major flush in the meme coin sector. The hype that fueled Solana’s price rally in previous weeks is fading, and liquidity is drying up as traders take profits or cut losses. If Solana fails to hold key support levels, another leg down could follow. While long-term sentiment remains bullish for Solana, the short-term price action suggests that volatility will persist. Investors are closely watching whether Solana can stabilize or if further downside is imminent. The coming days will be crucial in determining whether this correction is just a dip or the start of a deeper pullback. Solana Facing Selling Pressure Solana is trading at a key level after enduring days of selling pressure and heightened volatility. As one of the most popular blockchains for meme coin creation and trading, Solana has benefited from surging speculative interest in these assets. When meme coins perform well, Solana tends to see increased demand, boosting its price. However, the current market conditions are unfavorable for meme coins, leading to a significant downturn in Solana’s price performance compared to other altcoins. Top analyst IncomeSharks shared a technical analysis on X, stating that Solana’s price still wants to go lower as meme coins face a major flush. The broader crypto market has entered a period of uncertainty, and meme coin hype is fading as liquidity dries up. This has created additional selling pressure on Solana, as traders exit high-risk positions. Solana has dropped over 15% in the past week, failing to hold critical support levels as bearish sentiment takes over. The price recently dipped below $230, erasing weeks of gains. IncomeSharks sets a bearish target around the $200 mark, a level not seen since January 16. If Solana fails to hold above $220, the selloff could accelerate, driving the price toward the next major support zone. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? However, not all analysts are bearish. Some traders believe Solana’s dip is a temporary retrace rather than the start of a prolonged downtrend. If buyers step in around the $220-$225 range, Solana could stabilize and attempt a recovery. A push back above $250 would indicate renewed strength, with bulls aiming for a return to previous highs. Price Action Details: Showing Strength Solana (SOL) is trading at $231 after enduring days of selling pressure and increased volatility. The price reached an all-time high of approximately $295 on January 19, but since then, SOL has faced a sharp 25% decline in less than ten days. This significant drop has raised concerns among traders and investors, as Solana struggles to find strong support amid broader market uncertainty. For bulls to regain control and reverse the short-term bearish trend, SOL must hold above the current levels and push past the $244 mark. Breaking above this resistance would indicate renewed buying pressure and confirm a potential trend reversal. If SOL manages to reclaim this level, a surge toward $260 could follow, signaling a recovery phase. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst However, failure to maintain support above $230 could lead to further downside. A break below this critical level would expose SOL to deeper losses, with the next major support zone around the $200 mark. A decline to this level would mark an even steeper correction, potentially erasing more of its recent gains. Featured image from Dall-E, chart from TradingView
Solana has been navigating a highly volatile market environment ever since the launch of the TRUMP meme coin, which has brought unprecedented attention to its ecosystem. Price action has been erratic, leaving many investors uncertain about the network’s short-term direction. While some are predicting a broader market retrace, the Solana ecosystem’s underlying metrics tell a different story of growth and resilience. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation According to key data from Glassnode, the TRUMP meme coin launch has sparked a surge in activity within the Solana network. The number of active addresses on Solana has skyrocketed, reaching an impressive 832,000 addresses per hour. This is a remarkable milestone, showcasing Solana’s ability to handle and attract significant user engagement. This surge in activity highlights Solana’s growing appeal as a go-to blockchain for high-speed, high-volume applications, particularly in the meme coin sector. As the market continues to speculate on Solana’s price movements, its strong network fundamentals suggest a foundation that could withstand current volatility and drive long-term growth. Investors and analysts are closely watching whether this surge in activity can sustain Solana’s momentum in the weeks ahead. Solana Network Growing Fast After a period of market consolidation, Solana remains strong, just below its all-time high, positioning itself as a leading force poised for a massive rally. Analysts and investors are closely monitoring Solana’s price action, anticipating that a breakout into price discovery could serve as the catalyst for the next altseason. As the debate around Solana versus Ethereum intensifies, recent metrics reveal compelling insights into the evolving dynamics between the two networks. Glassnode recently shared a report on X that underscores Solana’s impressive network activity, fueled in part by the launch of the TRUMP meme coin. Since this event, the Solana ecosystem has seen a surge in user engagement, with active addresses reaching an extraordinary 832,000 per hour. This figure dwarfs Ethereum’s activity, which currently averages just 31,000 active addresses per hour—a stark contrast highlighting a significant shift in user focus toward Solana. This data not only showcases Solana’s scalability and capacity to handle high transaction volumes but also cements its reputation as a preferred network for emerging projects, particularly in the meme coin sector. As investors continue to assess Solana’s potential, its robust fundamentals and growing ecosystem suggest it is well-equipped to lead the next phase of market growth. Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move If Solana manages to break past its all-time high and enter price discovery, it could ignite widespread enthusiasm across the altcoin market. With strong user activity and a growing base of developers and projects, Solana appears ready to solidify its position as a major player in the cryptocurrency space, rivaling Ethereum’s dominance. The coming weeks will be crucial as Solana strives to maintain its momentum and deliver on investor expectations. Price Action Details: Key Supply Levels Solana (SOL) is currently trading at $256, maintaining its position above a key demand level that has provided strong support in recent sessions. This resilience has kept bullish sentiment intact, with traders eyeing further upside potential. However, the focus now shifts to critical supply zones, particularly at $266 and Solana’s all-time high (ATH) of $295. A successful push above $266 could act as a stepping stone for SOL to retest its ATH, signaling renewed momentum and attracting further buying interest. Breaking and holding above $295 would not only confirm the bullish trend but also likely send Solana into price discovery, potentially igniting enthusiasm across the altcoin market. Despite the promising outlook, maintaining support above $240 remains crucial for sustaining the bullish thesis. Losing this level could trigger increased selling pressure, potentially pushing Solana into a deeper consolidation or correction phase. Such a move would challenge the current upward momentum and dampen short-term investor sentiment. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout For now, Solana appears well-positioned to continue its upward trajectory, provided bulls can defend key levels and reclaim important supply zones. The next few trading sessions will be pivotal in determining whether SOL can sustain its rally and deliver on the market’s optimistic expectations. 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.