THE LATEST CRYPTO NEWS

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

Solana started a fresh increase above the $162 zone. SOL price is now consolidating near $175 and might extend gains above the $180 zone. SOL price started a fresh upward move above the $155 and $162 levels against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $176 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $150 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $155 and $162 resistance levels. However, the bears were active below the $180 resistance zone. A high was formed at $180.10 and the price corrected some gains. The price dipped below $175 and $172. A low was formed at $169.53 and the price is now attempting another increase. There was a move above the 50% Fib retracement level of the downward move from the $180 swing high to the $170 low. Solana is now trading above $172 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level and the 61.8% Fib retracement level of the downward move from the $180 swing high to the $170 low. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Downside Correction in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.

Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $148 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $142 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $145 and $150 resistance levels. However, the bears were active below the $155 resistance zone. A high was formed at $153.90 and the price started a fresh decline. The price dipped below $150 and $148. A low was formed at $142.64 and the price is now consolidating losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $153.90 swing high to the $142.64 low. Solana is now trading below $150 and the 100-hourly simple moving average. There is also a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $147 level. The next major resistance is near the $150 level and the 61.8% Fib retracement level of the downward move from the $153.90 swing high to the $142.64 low. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $145 zone. The first major support is near the $142 level. A break below the $142 level might send the price toward the $135 zone. If there is a close below the $135 support, the price could decline toward the $122 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $145 and $142. Major Resistance Levels – $147 and $150.

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

Solana started a fresh increase from the $140 support zone. SOL price is now consolidating and might climb further above the $154 resistance zone. SOL price started a fresh increase above the $142 and $145 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $149 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $154 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $140 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $142 and $145 resistance levels. There was a break above a key bearish trend line with resistance at $149 on the hourly chart of the SOL/USD pair. The pair even spiked above the $150 resistance zone. A high was formed at $153.90 and the price is now consolidating gains. The price dipped below $152 and tested the 23.6% Fib retracement level of the upward move from the $140 swing low to the $154 high. Solana is now trading above $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $152 level. The next major resistance is near the $154 level. The main resistance could be $158. A successful close above the $158 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. Downside Correction in SOL? If SOL fails to rise above the $154 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $147 level. A break below the $147 level might send the price toward the $145 zone and the 50% Fib retracement level of the upward move from the $140 swing low to the $154 high. If there is a close below the $145 support, the price could decline toward the $140 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $147 and $145. Major Resistance Levels – $154 and $158.

In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision.  This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold.  The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly.  With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com

Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $140 and $142 levels against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance zone. Solana Price Consolidates Gains Solana price formed a base above the $135 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $140 and $142 resistance levels. The pair even spiked toward the $155 resistance zone. A high was formed at $153.30 before there was a pullback. The price dipped below $150. A low was formed at $145 and the price started a consolidation phase above the 23.6% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low. Solana is now trading below $152 and the 100-hourly simple moving average. There is also a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $149.50 level. The next major resistance is near the $150 level. The main resistance could be $152 and the 76.4% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low. A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. Downside Correction in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $147 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $147 and $145. Major Resistance Levels – $150 and $155.

Solana started a fresh increase from the $132 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $135 and $150 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance zone. Solana Price Gains Over 10% Solana price formed a base above the $132 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $135 and $145 resistance levels. The pair even spiked toward the $150 resistance zone. A high was formed at $154.55 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $145 swing low to the $155 high. Solana is now trading above $150 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $145 swing low to the $155 high. On the upside, the price is facing resistance near the $154 level. The next major resistance is near the $155 level. The main resistance could be $162. A successful close above the $162 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Pullback in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $150 and $145. Major Resistance Levels – $155 and $162.

Solana started a fresh increase from the $120 support zone. SOL price is now consolidating and might climb further above the $142 resistance zone. SOL price started a fresh increase above the $125 and $132 levels against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $142 resistance zone. Solana Price Gains Over 5% Solana price formed a base above the $120 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $125 and $132 resistance levels. The pair even spiked toward the $145 resistance zone. A high was formed at $143.06 and the price is now retreating lower. There was a move below the 23.6% Fib retracement level of the upward move from the $135 swing low to the $143 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $135 swing low to the $143 high. On the upside, the price is facing resistance near the $142 level. The next major resistance is near the $145 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. Pullback in SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $138.50 zone. The first major support is near the $137 level and the trend line. A break below the $137 level might send the price toward the $132 zone. If there is a close below the $132 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $137 and $132. Major Resistance Levels – $142 and $145.

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

Solana has been able to remain above the key $110 price level even as big investors offload millions worth of tokens. The cryptocurrency is now trading at $114, registering a daily increase of 7.6% in the midst of a broad-based fear in the altcoin market. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Big Investors Abandon Ship As Market Wobbles A number of key Solana holders have lost faith in the token’s near-term prospects. Blockchain analytics indicate that a whale (“4W1Ree”) unstaked 159,028 SOL tokens worth $16.5 million. The investor has already sold 60,000 of them for $6.13 million at an average price of $102. Whales are dumping $SOL! 4W1Ree unstaked 159,028 $SOL($16.5M) and sold 60,000 $SOL($6.13M) at $102 4 hours ago. 5cPair sold 89,734 $SOL($9.67M) at $108 14 hours ago.https://t.co/i2sVNng50nhttps://t.co/hJwIowTBPl pic.twitter.com/XLhXsLxHft — Lookonchain (@lookonchain) April 9, 2025 Yet another significant holder named “5cPair” offloaded close to 90,000 SOL tokens amounting to around $9.7 million, receiving an average of $108 per token. OnChainLens blockchain data also revealed that three interrelated wallets unstaked 168,498 SOL worth $17.86 million after being on the books for two months, taking an $11.38 million hit on their investment. Platform Activity Adds To Selling Pressure The offloading is not just limited to individual traders. According to recent transactions, Pump.Fun platform transferred 84,350 SOL tokens (valued at $9.3 million) to Kraken exchange. Since January 2025, the platform has already offloaded a whopping 1.72 million SOL tokens worth $310 million to exchanges. Pump.Fun currently has 3.24 million SOL tokens remaining, worth around $360 million at today’s prices. Technical Patterns Indicate Signs Of Reversal Even though there has been intense selling, some analysts are optimistic regarding Solana’s price trend. The cryptocurrency adheres to a growing falling-channel pattern on day charts. The recent decline reached a low of $95.16 on April 7, but buyers swiftly intervened to restore the price above $100. Today’s Relative Strength Index (RSI) also is now on the cusp of oversold levels, indicating a possible bounce. Some analysts are saying Solana just bounced off of a multi-year support trendline that set off a 1,000% bounce when tested in Q3 2023. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics Analysts Set Key Price Targets For Coming Weeks Market observers have pointed to key price levels that will decide Solana’s next direction. The TD sequential indicator has flashed a buy signal on SOL’s weekly chart, says analyst Ali Martinez. Solana needs to hold above $95 and break above $120 to initiate a significant recovery, Martinez believes. If these levels are held, Solana may look to $147 in the near future. If the $95 support fails, though, prices may plummet towards $69.94, the analyst said. The cryptocurrency is now trading between the center pivot level of $114 and the S1 pivot level of $94.29. Prediction site Polymarket indicates mixed sentiment, with 20% of participants believing SOL will fall to $80 in April, and 21% that it will reach $150. Featured image from Marca, chart from TradingView

Solana started a fresh increase from the $100 support zone. SOL price is now consolidating and might struggle to clear the $120 resistance zone. SOL price started a fresh increase above the $105 and $112 levels against the US Dollar. The price is now trading above $105 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $107 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $120 resistance zone. Solana Price Gains Over 10% Solana price formed a base above the $100 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $110 and $112 resistance levels. There was a break above a connecting bearish trend line with resistance at $107 on the hourly chart of the SOL/USD pair. The pair even spiked toward the $120 resistance zone. A high was formed at $120.10 and the price is now retreating lower. There was a move below the 23.6% Fib retracement level of the upward move from the $101.24 swing low to the $120.10 high. Solana is now trading above $105 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $118 level. The next major resistance is near the $120 level. The main resistance could be $125. A successful close above the $125 resistance zone could set the pace for another steady increase. The next key resistance is $132. Any more gains might send the price toward the $140 level. Another Decline in SOL? If SOL fails to rise above the $118 resistance, it could start another decline. Initial support on the downside is near the $112 zone. The first major support is near the $110 level and the 50% Fib retracement level of the upward move from the $101.24 swing low to the $120.10 high. A break below the $110 level might send the price toward the $105 zone. If there is a close below the $105 support, the price could decline toward the $100 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $112 and $110. Major Resistance Levels – $118 and $120.

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

Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone. SOL price started a fresh decline below $112 support zone against the US Dollar. The price is now trading below $105 and the 100-hourly simple moving average. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower if there is a break below the $100 support zone. Solana Price Dips Over 15% Solana price started a fresh decline below the $122 and $115 levels, like Bitcoin and Ethereum. SOL even declined below the $112 support level to enter a bearish zone. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair. The price declined over 15% and traded close to the $102 level. A low was formed at $102 and the price recently started a consolidation phase. The current price action is still very bearish below 23.6% Fib retracement level of the downward move from the $121 swing high to the $102 low. Solana is now trading below $105 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $105 level. The next major resistance is near the $112 level or the 50% Fib retracement level of the downward move from the $121 swing high to the $102 low. The main resistance could be $116. A successful close above the $116 resistance zone could set the pace for another steady increase. The next key resistance is $120. Any more gains might send the price toward the $125 level. Another Decline in SOL? If SOL fails to rise above the $105 resistance, it could start another decline. Initial support on the downside is near the $102 zone. The first major support is near the $100 level. A break below the $100 level might send the price toward the $92 zone. If there is a close below the $92 support, the price could decline toward the $84 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $102 and $100. Major Resistance Levels – $105 and $112.

Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant, preventing any meaningful upside momentum.  If SOL fails to hold this key support, it could trigger a wave of panic selling, accelerating losses and exposing the price to deeper declines. With market sentiment hanging in the balance, all eyes are on whether bulls can stage a defense or if bears will finally break through, setting the stage for further downside. Solana Ongoing Bearish Trend In Focus The Solana price chart is currently displaying a bearish triangle formation, signaling a continuation of the downward trend. Initially, SOL attempted to break out above the upper boundary of the triangle, but the breakout lacked strong bullish momentum, leading to a swift rejection. This failure to sustain an upward move pushed the asset back toward the lower boundary of the triangle, where the $118 support level now comes into focus. Related Reading: Solana (SOL) Holds Steady After Decline—Breakout or More Downside? With continued selling pressure, Solana could face an extended bearish move, breaking below its current key support level and accelerating its decline. A confirmed breakdown beneath the bearish triangle would lead to a drop toward $118, the first major support zone. However, if the bearish momentum intensifies, this level may not hold. Below $118, the next significant support lies at $99, where some buyers could attempt to slow the decline. Should this level fail to provide stability, SOL could slide toward $79, a crucial psychological and technical support zone.  Continued weakness in market sentiment may push the price even lower, with $58 coming into play. For now, bulls must step in to defend these levels, or Solana risks an extended bearish phase. Can $118 Spark Up Bullish Again The $118 support level has emerged as a critical zone for SOL, with many traders watching closely to see if it can trigger a bullish turnaround. Historically, this level has acted as a strong demand zone, where buyers stepped in to absorb selling pressure and push prices higher. If similar market behavior plays out, SOL could see a rebound from this point. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details According to CURB, in an X post on March 15, he forecasted that Solana’s price eyes decline to the $118 support level before experiencing a potential rebound. He believes that strong demand in this zone could trigger a significant price surge to the $1,000 mark in the long run. Fundamental factors, such as positive news on Solana’s ecosystem, increased network adoption, or improved overall market sentiment, could also act as catalysts for a price recovery. A surge in buying volume, particularly from whales and institutional investors, is likely to provide the momentum needed to shift market sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Solana started a fresh decline below the $132 support zone. SOL price is now consolidating and might struggle to recover above the $126 resistance. SOL price started a recovery wave from the $122 support zone against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $126 zone. Solana Price Faces Resistance Solana price started a fresh decline below the $135 and $132 levels, like Bitcoin and Ethereum. SOL even declined below the $125 support level before the bulls appeared. A low was formed at $122.64 and the price recently started a consolidation phase. There was a minor increase above the $125 level. The price tested the 23.6% Fib retracement level of the downward move from the $140 swing high to the $122 low. Solana is now trading below $126 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $124 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $126 level. The next major resistance is near the $128 level. The main resistance could be $132 or the 50% Fib retracement level of the downward move from the $140 swing high to the $122 low. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $136. Any more gains might send the price toward the $142 level. Another Decline in SOL? If SOL fails to rise above the $128 resistance, it could start another decline. Initial support on the downside is near the $124 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $115 zone. If there is a close below the $115 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $124 and $122. Major Resistance Levels – $128 and $132.

Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance. SOL price started a recovery wave from the $125 support zone against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $142 zone. Solana Price Faces Resistance Solana price started a recovery wave from the $125 zone, like Bitcoin and Ethereum. SOL was able to climb above the $132 and $140 resistance levels. The price even cleared the $142 level, but it faced resistance near $145. A high was formed at $145 and the price started a downside correction. There was a move below the $142 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $125 swing low to the $145 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $162 level. Another Decline in SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward move from the $125 swing low to the $145 high. The first major support is near the $133 level. A break below the $133 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $114 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $135 and $133. Major Resistance Levels – $142 and $145.

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

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

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

Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance. SOL price started a fresh decline below the $150 and $140 levels against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $132 zone. Solana Price Faces Resistance Solana price struggled to clear the $155 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $132 support levels. It even dived below the $120 level. The recent low was formed at $114 before the price recovered some losses. It climbed above the $120 and $122 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. Solana is now trading below $130 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $124 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $128 level. The next major resistance is near the $130 level. The main resistance could be $132 and the 50% Fib retracement level of the downward move from the $151 swing high to the $114 swing low. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $150 level. Another Decline in SOL? If SOL fails to rise above the $132 resistance, it could start another decline. Initial support on the downside is near the $124 zone. The first major support is near the $120 level. A break below the $120 level might send the price toward the $114 zone. If there is a close below the $114 support, the price could decline toward the $100 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is near the 50 level. Major Support Levels – $124 and $120. Major Resistance Levels – $128 and $132.

Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $155 zone. Solana Price Faces Hurdles Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $140 level. The recent low was formed at $132 before the price recovered some losses. It climbed above the $140 and $142 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. However, the bears were active near $152 and pushed the price lower. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. The next major resistance is near the $148 level. The main resistance could be $155 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $175 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $136 zone. The first major support is near the $132 level. A break below the $132 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $132. Major Resistance Levels – $148 and $155.

Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Heavily Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $165 and $155 support levels. It even dived below the $150 level. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair. The recent low was formed at $132 and the price is now consolidating losses with a bearish angle. Solana is now trading below $140 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $144 level or the 23.6% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. The main resistance could be $156 and the 50% Fib retracement level of the downward move from the $180 swing high to the $132 swing low. A successful close above the $156 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $132 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $132 and $125. Major Resistance Levels – $148 and $156.

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 started a fresh decline from the $162 zone. SOL price is down over 15% and might struggle to recover above the $150 resistance. SOL price started a fresh decline below the $162 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $150 zone. Solana Price Dips Sharply Solana price struggled to clear the $185 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $162 and $150 support levels. It even dived below the $135 level. The recent low was formed at $131 and the price is now consolidating losses with a bearish angle. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. There is also a connecting bearish trend line forming with resistance at $144 on the hourly chart of the SOL/USD pair. The next major resistance is near the $150 level. The main resistance could be $152 and the 50% Fib retracement level of the downward move from the $173 swing high to the $131 swing low. A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $141 zone. The first major support is near the $136 level. A break below the $136 level might send the price toward the $131 zone. If there is a close below the $125 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $136 and $131. Major Resistance Levels – $145 and $152.

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 started a fresh decline from the $200 zone. SOL price is down over 10% and might even struggle to stay above the $175 support zone. SOL price started a fresh decline below the $200 and $185 levels against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $185 zone. Solana Price Dips Further Solana price struggled to clear the $205 resistance and started a fresh decline, underperforming Bitcoin and Ethereum. SOL declined below the $200 and $192 support levels. It even dived below the $185 level. The recent low was formed at $174 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $205 swing high to the $174 swing low. Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $182 level. There is also a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair. The next major resistance is near the $185 level. The main resistance could be $190 and the 50% Fib retracement level of the downward move from the $205 swing high to the $174 swing low. A successful close above the $190 resistance zone could set the pace for another steady increase. The next key resistance is $198. Any more gains might send the price toward the $205 level. Another Decline in SOL? If SOL fails to rise above the $185 resistance, it could start another decline. Initial support on the downside is near the $174 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $165 zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $174 and $170. Major Resistance Levels – $182 and $185.

Solana is under mounting selling pressure, sliding its price further into a correction phase. After struggling to maintain upward momentum, SOL has been steadily retreating, now approaching the crucial $164 support level. This key zone will determine whether the cryptocurrency finds stability or extends its downward trajectory. Market indicators suggest that bears remain in control, with momentum shifting in favor of sellers. If Solana fails to hold above $164, it could open the door to even deeper losses. However, if buyers step in to defend this level, it would trigger a price reversal. Will SOL stabilize and recover, or is a larger correction on the horizon? SOL’s Battle With Bearish Momentum Recent price action reveals that SOL is grappling with persistent bearish pressure as its price struggles to maintain upward momentum. Following a series of failed attempts to break through key resistance levels, the cryptocurrency has seen a gradual decline, pushing it into a deeper retracement toward $164. Related Reading: Solana Faces Key Test – What Happens Next Could Be Game-Changing Technical indicators strongly back the bearish outlook for Solana, with one of the key signs being its price trading below the 100-day Simple Moving Average (SMA). The fact that SOL is trading below this important threshold highlights the dominance of the bears in the market, making it more likely that the downward pressure will continue unless significant buying interest emerges. In addition to this, another key indicator reinforcing Solana’s bearish outlook is the Relative Strength Index (RSI), which is currently positioned at 25% in the lower territory. At 25%, the cryptocurrency is in the oversold zone, indicating strong selling pressure and a market dominated by bears.  While this suggests SOL could be undervalued in the short term, it also implies that the upward trend is losing momentum. Combined, these indicators paint a picture of a market struggling to find support. With the 100-day SMA holding as a crucial resistance, Solana may face further declines unless there’s a reversal in market sentiment or a breakout above key resistance levels.  Solana’s Market Outlook: $164 Support Level To Determine Next Price Action Solana’s market outlook remains highly dependent on its ability to maintain the crucial $164 support level. This level has proven to be a key battleground for bulls and bears, and its strength or weakness might set the stage for the next significant price movement. Should selling pressure persist and a breakdown below this level occurs, a bearish trend toward the next support zones, such as $137 or even $118 for SOL is likely.  Related Reading: Solana (SOL) at a Crossroads: Can It Break Through and Turn Bullish? However, if Solana can defend the $164 support and generate a strong rebound, this may indicate that the selling momentum is slowing down and that the bulls could be ready to step in. A successful hold at this level hints at a relief rally, pushing the altcoin back toward key resistance levels like $240 and $260. Featured image from iStock, chart from Tradingview.com

Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone. SOL price started a fresh decline below the $205 and $200 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $200 zone. Solana Price Faces Hurdles Solana price struggled to clear the $210 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $202 and $200 support levels. It even dived below the $192 level. The recent low was formed at $188 before the price started a recovery wave. There was a move above the $190 and $192 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. However, the bears are active below the $200 level. They protected the 50% Fib retracement level of the downward move from the $209 swing high to the $188 swing low. Solana is now trading above $200 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. There is also a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair. The next major resistance is near the $200 level. The main resistance could be $202. A successful close above the $202 resistance zone could set the pace for another steady increase. The next key resistance is $210. Any more gains might send the price toward the $220 level. Another Decline in SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $194 and $188. Major Resistance Levels – $200 and $202.