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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 (SOL) recently lost its key support zone amid the controversial Libra (LIBRA) token launch and crash. The cryptocurrency has dropped over 12% in the last three days and some analysts suggest it risks a deeper correction to monthly lows. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target LIBRA Token Crashes Solana’s Party The Solana network has been the talk of the town this cycle due to the memecoin frenzy, as it has been the go-to chain for these projects. The cryptocurrency has also been one of the leading tokens over the last year, outperforming most altcoins in 2024. Since 2025 started, SOL has shown strength despite the repeated market retraces, holding above key levels, quickly bouncing back, and even hitting its latest all-time high (ATH) of $295 nearly a month ago. Nonetheless, the most recent controversial launch of a Solana-based token has sent SOL’s price into a three-day pullback. On Friday, the Viva La Libertad project was announced alongside the Libra token, receiving the endorsement of Argentina’s President Javier Milei. The project aimed to “encourage Argentina’s economic growth by funding small businesses and startups” and surged to a $4.5 billion market capitalization following the president’s X post. However, it crashed 94% after the team wallets and insiders sold over $100 million worth of LIBRA at the token’s peak, resulting in President Milei’s distancing from the project. After the Libra crash, market sentiment shifted, with some community members expressing exhaustion from the numerous memecoin scams launched in the Solana network during the cycle. As a result, SOL’s price dropped to $190 and hovered within this range until Sunday. As more details of the Libra project came out, Solana dropped another 7.8% to the $180 support zone, sending the price to its lowest valuation in two weeks. Solana Loses $180 Support On Monday morning, the cryptocurrency briefly recovered to the $187 level but was rejected from the nearly one-month downtrend resistance line, as trader Crypto Rand noted. To the investor, there is a “Key squeeze over the main $180 support.” Crypto analyst Ali Martinez highlighted that Solana remained within its key range. The $180 to $190 crucial zone holds the post-election breakout level and has been a significant bounce range for the cryptocurrency over the past four months. Nonetheless, SOL fell below its key support zone after President Milei retweeted a post about the Libra token on Monday afternoon. The X post explained the steps to invest in the cryptocurrency, briefly sending LIBRA 60% up before retracing 42% after Milei undid his retweet. Since then, Solana has hovered between the $175 to $178 price range, a 6.6 retrace in the daily timeframe. Is The SOL Season Over? Amid SOL’s recent price action, some analysts have pointed out its chart against Ethereum (ETH). According to Daan Crypto Trades, SOL/ETH will be “an interesting chart to watch for the next few weeks.” The trader explained that SOL interest peaked a month ago when the TRUMP memecoin was launched. The series of “scams, rugs, and grifts” during the weak market has destroyed the “on-chain/meme ecosystem,” which had fueled Solana’s “strong tun-up to that point.” Daan argues that “capital [is] rotating from SOL to ETH for the first in a while,” which could see the SOL/ETH trading pair retesting the 2021 ATH level at 0.058. This level has been “pretty influential this cycle” and was a key bounce point in Q4 2024. Related Reading: Bitcoin’s Big Breakout? Fed’s “Not QE, QE” Just Flipped The Switch Meanwhile, Michaël van de Poppe considered the valuation of SOL/ETH has topped after a “massive wick created a massive bearish divergence and valuations start to drop.” As a result, “ETH season starts over SOL season” and rotation from Solana towards Ethereum has started. The analysts compared the memecoin frenzy to 2020’s DeFi surge, concluding that the SOL “memecoin fiesta has been an inner-circle money printer for a small group, and everybody knows about it now.” Featured Image from Unsplash.com, 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 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

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.

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

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

Memecoins have been the leading narrative of the cycle after surpassing all expectations and becoming the top-performing sector of 2024. As we navigate 2025’s crypto market, emerging sectors like Artificial Intelligence (AI) agents could rival memecoins’ narrative mindshare. Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Memecoins Defined 2024’s Crypto Market On Tuesday, Binance Research shared its “Full-Year 2024 & Themes for 2025” report, crowning memecoins as the “Defining Narrative of 2024. The platform highlighted the sector’s outstanding performance last year, which drove significant attention to the crypto market. According to the report, memecoins played a “significant role in onboarding new users to the crypto space and offer a unique way to monetize attention in the social media era.” Additionally, the notion of “so-called ‘blue-chip’ memes” served as a testament to the “growth and diversity of the memecoin market and its structure,” the report noted. The crypto community saw the creation of various sub-sectors within the memecoin space, encapsulating the events that shaped the year. For instance, PolitiFi tokens, which rose amid the American electoral campaign, recorded the many changes in the political landscape through these tokens. This narrative eventually led to the launch of the Solana-based TRUMP memecoin, the first-ever token officially backed by a politician. The memecoin was created in January to “celebrate Courage & Strength” after the July 2024 assassination attempt on President Trump. Binance Research points out that memecoins meteoric rise could be attributed to various factors, including increased transparency and a perception of fairness, accessibility, and addressing users’ frustration with the “low float, high FDV” issue. Additionally, it noted the sector’s high-risk, high-reward nature appears to have fulfilled the industry’s search for the first crypto AAA game. The report argues that the “thrill of creating memecoins of the smallest moments in cultures” trade them into “sky-high valuations” could be perceived as a game, keeping the community invested in the sector and increasing its popularity. AI Agents: The Growing Narrative Second to memecoins, the AI crypto sector took 12.6% of the narrative mindshare in 2024, opening the stage for the market’s “newer fascination,” AI Agents. This sub-sector captured investors’ attention throughout Q3 2024, fueled by Truth Terminal and GOAT’s growing popularity, and became a leading narrative in recent months. AI agents, initially sparked by Truth Terminal and $GOAT, have captured the market since October and become a dominant narrative. Infrastructure providers like Virtuals Protocol (G.A.M.E. framework) and ai16z (ElizaOS framework) have been key players. The sector has also faced backlash from the crypto community. Some investors consider the new trend “worse than other past trends,” arguing that it is “overrated.” Similarly, an anonymous poll showed that Solana founders consider AI agent tokens to be overhyped. Nonetheless, it has continuously evolved and has “lots more in development.” As of this writing, the sector has a market capitalization of $7.84 billion, according to CoinGecko data. What’s Next? Binance Research pointed out the issue of memecoin longevity, as many of the tokens see a rapid rise and fall. It considers that, despite not all tokens having the level of popularity to stand the test of time, memecoins are “likely to have some staying power” in some form. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Meanwhile, AI Agents are significantly earlier in their development but share the “power to onboard users (AI is a key topic across business and finance) and monetize attention.” As a result, the growth of the “AI x crypto” intersection is almost certain. The report concludes that the “entry of web2 into AI Agents, and the rapid development and anticipated trajectory of AI x crypto” are some of the key areas to watch this year. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh decline from the $220 zone. SOL price is consolidating and might face resistance near the $215 and $220 levels. SOL price started a fresh decline below the $215 and $212 levels against the US Dollar. The price is now trading below $212 and the 100-hourly simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $213 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 $220 zone. Solana Price Faces Resistance Solana price struggled to clear the $250 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $220 and $200 support levels. It even dived below the $180 level. The recent low was formed at $175 before the price climbed and tested the $220 resistance. A high was formed at $220 and the price is now consolidating. There was a drop below the 23.6% Fib retracement level of the upward move from the $175 swing low to the $220 high. Solana is now trading below $220 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $212 level. There is also a short-term declining channel or a bullish flag forming with resistance at $213 on the hourly chart of the SOL/USD pair. The next major resistance is near the $215 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Another Decline in SOL? If SOL fails to rise above the $215 resistance, it could start another decline. Initial support on the downside is near the $202 zone. The first major support is near the $198 level or the 50% Fib retracement level of the upward move from the $175 swing low to the $220 high. A break below the $198 level might send the price toward the $192 zone. If there is a close below the $192 support, the price could decline toward the $175 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 – $202 and $198. Major Resistance Levels – $215 and $220.

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

As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Solana Falls To Three-Week Low Over the weekend, Solana recorded a 27% price plunge from Friday’s highs to a three-week low of $175. This performance followed the overall market crash, fueled by the US president’s recently announced tariff on the country’s three biggest trading partners. On February 1, the white house revealed that Donald Trump was implementing new tariffs on imported goods from Canada, Mexico, and China. This measure was met with similar responses from the two neighboring countries, which announced they would implement tariffs on US imports. The fear of a global tariff war sparked a massive sell-off that saw Bitcoin’s price plummet to $91,200 and Ethereum’s price drop to $2,100. Additionally, the market registered at least $2.3 billion in liquidation, although Bybit’s CEO suggested the figure could be up to $10 billion. Solana lost the key $200 support zone and fell below $180 on Sunday night. As the market struggled, some analysts suggested that SOL’s price risked a deeper fall. Analyst Ali Martinez noted that SOL could retrace to $138 if it lost the $191 support from its multi-month ascending channel. Crypto trader Bluntz considers that losing the $220 support was “really bad” for the altcoin, as it resembled 2021’s bearish divergence sign. Additionally, it invalidated the “ABC from the highs” and made it look “more impulsive,” which would require a “miracle” to overcome it. SOL Must Hold These Levels Despite falling below the crucial levels, the cryptocurrency retested the $170-180 support zone and bounced from the $175 mark, attempting to break the $200 resistance in the following hours. Crypto analyst Jelle noted that Solana “retraced the TRUMP memecoin pump,” which saw SOL reclaim the $220 resistance and jump to its latest all-time high (ATH) of $295. However, Jelle considered that SOL’s structure “remained sound” during the drop and that its chart looked “very solid” as the cryptocurrency recovered on Monday morning. It’s worth noting that amid the market bleeding, Solana was among the cryptocurrencies that showed strength. SOL, like BTC, held its key horizontal levels, remaining within its post-US elections price range. Related Reading: BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally? Martinez pointed out that “In the middle of this madness, the TD Sequential indicator presents a buy signal on the Solana daily chart.” Meanwhile, Miles Deutscher highlighted that BTC and SOL’s prices were “now higher than yesterday’s pre-liquidations,” noting the high volatility affecting the market. Moreover, Solana, alongside BTC and XRP, is among the only top 10 cryptocurrencies recording green numbers. Jelle considers that if SOL closes above the monthly and weekly supports between $200 and $210, it will continue its solid performance to retest the $240 resistance and see “another push for $300.” As of this writing, Solana is trading at $211, a 7.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

An analyst has pointed out how Solana (SOL) has just seen a buy signal on the same indicator that earlier called for selling XRP (XRP). Solana Has Seen A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has discussed about a Tom Demark (TD) Sequential signal that Solana has displayed on its daily price chart. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable points of reversal in an asset’s price. Related Reading: Bitcoin Traders Fearful For First Time Since October: Buying Signal? The TD Sequential involves two phases: setup and countdown. In the first of these, the setup, candles in the chart of the same color are counted up to nine (with it not mattering whether the candles are consecutive or not). Once the candles are in, the setup is to be complete and the asset could be assumed to have reached a potential location of turnaround. As soon as the setup is done with, the second phase, the countdown, kicks off. In this phase, too, candles of the same polarity are counted up, but this time, the phase doesn’t end until thirteen of them are in. When the countdown ends, the coin could be considered to have arrived at another possible reversal. Naturally, where the cryptocurrency heads off after a TD Sequential phase depends on the candles that led to the phase’s completion. Red candles imply a reversal to the upside, while green candles indicate a potential top has been reached. Solana has recently completed a TD Sequential phase of the first type on its 1-day price chart. Below is the chart shared by the analyst, that shows this pattern for the asset. As is visible in the graph, Solana has finished a TD Sequential setup with nine red candles recently, which implies that the asset could have arrived at a bottom. A week ago, XRP also witnessed a signal in the indicator, as Martinez has pointed out in another X post. Here is the chart for the setup that the coin formed: From the graph, it’s apparent that XRP saw a sell signal on the TD Sequential last week. The pattern appears to have held for the cryptocurrency, as its price has crashed since the signal has emerged. Related Reading: Stablecoins See Positive Momentum: Will This Lead To New Bitcoin All-Time High? It now remains to be seen whether the TD Sequential would hold for Solana as well and result in a fresh rally for the asset. So far, signs are looking in the right direction as SOL has seen a bit of a rebound from its lows. SOL Price Solana briefly went under the $180 mark during the crash, but the asset has since bounced back to $207. Featured image from Dall-E, charts from TradingView.com

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) is facing severe selling pressure as it tests key demand levels, with bears gaining control after a failed breakout above all-time highs. The price has struggled to maintain momentum, and investors are now watching for critical support levels that could determine Solana’s next move. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means After an explosive rally earlier this year, SOL is now at risk of breaking lower as market sentiment turns uncertain. Top analyst Carl Runefelt shared a technical analysis on X, revealing that Solana might retest a horizontal resistance if it breaks down a bearish flag pattern. This key level will be crucial in determining whether SOL can hold its ground or if it will be dragged into a deeper correction. If the bearish flag confirms a breakdown, SOL could drop to test lower demand zones, leading to further downside pressure. However, if bulls manage to reclaim key resistance levels, a potential recovery could be on the table. The coming days will be critical for Solana as traders look for signs of a trend reversal or continued bearish momentum. Solana Enters A Critical Phase Solana is at a crucial phase, with the next few days set to define whether it will continue its downtrend or establish a structural price change. After failing to sustain its bullish momentum above all-time highs, bears have taken control, pushing SOL into key demand levels. The price has now dropped to $220, and analysts are warning that lower levels may come in the following weeks. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that Solana might retest horizontal resistance around $222 if it breaks down a daily bearish flag. If this bearish pattern plays out, SOL could drop even further to test the $211 level, a major demand zone that will likely decide the trend’s fate. However, if bulls manage to defend current levels, a push above supply zones could lead to a price recovery. The first step for a reversal would be breaking back above $222 and reclaiming it as support. If that happens, Solana could regain strength and challenge higher resistance levels in the coming weeks. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart – Breakout Target Set At $56 The coming days will be decisive, as SOL stands at a turning point between a deeper correction or the beginning of a recovery phase. Price Struggles Below Key Level Solana is trading at $216 after losing the critical $220 demand level, a major support that bulls needed to hold. Now, bears are in control, and every moment SOL spends below this level increases the risk of further downside. If the price fails to recover quickly, the next significant demand zone to test will be around $200, a level that could determine whether SOL continues its correction or finds a strong bounce. However, bulls are not out of the game yet. If SOL manages to reclaim $220 as support, it could invalidate the bearish breakdown and set up for a potential trend reversal. A strong move above this level would indicate renewed buying pressure and could allow Solana to challenge higher resistance zones in the coming days. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst For now, SOL remains in a fragile position, and traders should closely watch price action around $220 and $200. A continued downtrend below $200 would confirm a deeper correction, while a swift recovery above $220 could reignite bullish momentum. The next few sessions will be crucial in determining Solana’s short-term direction. Featured image from Dall-E, chart from TradingView

Solana (SOL) has been navigating extreme volatility as the broader market shifted from bearish to bullish within hours yesterday. After experiencing a sharp 25% decline from its all-time high (ATH) in less than two weeks, SOL tested a crucial demand level and is now making an attempt to recover lost ground. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level Investors remain divided on whether Solana has bottomed or if another pullback is on the horizon. However, early signs suggest buyers are stepping in, defending key technical levels. Top analyst Jelle shared a technical analysis on X, noting that Solana has successfully retested the 25-day EMA and RSI midlevel, both of which have historically acted as strong support during bullish trends. Following this retest, SOL bounced straight into key resistance, signaling a potential reversal if bulls maintain momentum. For Solana to confirm its recovery, it must break above resistance and sustain its move higher. If successful, SOL could resume its bullish trend, potentially reclaiming recent highs. However, failure to break key levels could lead to further consolidation or even another leg down. The coming days will be crucial in determining Solana’s next major move. Solana Surges 8% As Market Reacts To Fed Meeting Solana has bounced back strongly, surging 8% from local lows on Wednesday as the entire market reacted positively to the Federal Reserve meeting. Investors and analysts are now shifting their focus to a bullish outlook, anticipating a strong performance for crypto throughout the year. With sentiment improving, SOL is once again positioning itself as a market leader, aiming to reclaim key price levels and push toward new highs. Top analyst Jelle shared a technical analysis on X, highlighting Solana’s recent retest of the 25-day EMA and RSI midlevel, both of which have historically acted as crucial support zones. After confirming these levels, SOL bounced straight into key resistance, signaling a potential breakout if momentum continues. Jelle emphasized that for Solana to “look great again,” it must reclaim the $240 level. However, he also cautioned that “resistance is resistance” until a clear breakout occurs. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? As the broader market tries to push higher, Solana is leading the way with strong technical formations and renewed bullish momentum. If bulls successfully push past resistance, SOL could retest its all-time highs and enter price discovery once again. The coming days will be pivotal in determining whether Solana confirms its next major uptrend. Solana Price Holds Strong at $240 Solana (SOL) is currently trading at $240 after successfully testing the $220 level as support. The price appears ready to bounce, but key resistance levels must be reclaimed to confirm a short-term trend reversal. For bulls to maintain momentum, SOL must break above $240 and $260, two critical resistance zones that have capped upward movement in recent days. If Solana clears these levels with strength, a surge above all-time highs (ATH) will be imminent, setting the stage for price discovery. On the bearish side, losing the $220 mark would signal weakness, potentially leading to further downside and deeper consolidation. The broader market remains volatile, and SOL must hold above key support levels to sustain its bullish trajectory. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? For now, Solana remains well-positioned to push higher, but investors will be watching closely to see if it can reclaim resistance and confirm a breakout. The next few days will be crucial in determining whether SOL resumes its uptrend or faces another test of demand levels. Featured image from Dall-E, chart from TradingView

Solana 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 started a fresh decline below the $250 support. SOL price is consolidating and might face resistance near the $235 and $242 levels. SOL price started a fresh decline below the $250 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $235 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 $242 zone. Solana Price Dips Below $250 Solana price struggled to clear the $260 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $250 and $242 support levels. It even dived below the $230 level. The recent low was formed at $225 and the price is now consolidating losses. It climbed a few points above the $230 level. It cleared the 23.6% Fib retracement level of the downward move from the $244 swing high to the $225 low. Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $235 level or the 50% Fib retracement level of the downward move from the $244 swing high to the $225 low. There is also a key bearish trend line forming with resistance at $235 on the hourly chart of the SOL/USD pair. The next major resistance is near the $242 level. The main resistance could be $250. A successful close above the $250 resistance zone could set the pace for another steady increase. The next key resistance is $260. Any more gains might send the price toward the $275 level. Another Decline in SOL? If SOL fails to rise above the $235 resistance, it could start another decline. Initial support on the downside is near the $225 zone. The first major support is near the $222 level. A break below the $222 level might send the price toward the $212 zone. If there is a close below the $212 support, the price could decline toward the $200 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 – $225 and $222. Major Resistance Levels – $235 and $242.

Solana has seen a price drawdown of around 12% during the past day, but if this pattern is to go by, there could be more decline on the way. Solana Has Seen A Crash Over The Last 24 Hours The cryptocurrency sector as a whole has plummeted during the past day, with Solana not being spared as its price has also gone through a notable decline. Below is a chart that shows how SOL’s recent performance has looked. From the graph, it’s visible that Solana has suffered a steep plunge of almost 12% in this period, which is worse than many other top cryptocurrencies. Bitcoin (BTC), for instance, has seen a decline of around 5%. Related Reading: Bitcoin To $181,000? Mayer Multiple Reveals When BTC Will Become ‘Overbought’ Following this crash, Solana is now back at the $227 level. The asset has seemingly paused its fall for now, but it’s possible that it would resume soon. SOL Has Breached Under Its Symmetrical Triangle In a post on X earlier in the day, analyst Ali Martinez discussed about a Symmetrical Triangle that Solana had been trading inside. The “Symmetrical Triangle” here is a pattern from technical analysis (TA) that forms when the price of an asset consolidates between two trendlines of a roughly equal and opposite slope. The upper line of the triangle connects together lower highs in the price, while the lower level joins higher lows. As the asset travels inside the pattern, its range gradually converges on the midpoint line. Like other TA patterns, the upper level of this pattern is likely to provide resistance to the asset. Similarly, the lower line can help the cryptocurrency to reach a bottom. A break out of either of the trendlines can imply a continuation of trend in that direction. That is, a break above the triangle is a bullish signal, while a fall under it can lead to a bearish outcome. The Symmetrical Triangle is just one possible type of triangular-shaped formation that an asset can display. Two other popular ones are the Ascending and Descending Triangles, which occur when one of the trendlines is parallel to the time-axis (the upper one in the case of the former and the lower one for the latter). Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that the 1-hour price of Solana had been stuck inside over the past week: From the graph, it’s visible that Solana was approaching the apex of the triangle when Martinez had made the post. As the consolidation becomes narrower, a breakout can become more probable to occur, which appears to be just what has happened with SOL in the hours since. The height of this triangle was equal to a swing of around 20%. Usually, Symmetrical Triangle breakouts are of the same degree as the height of the pattern, so the analyst had noted that SOL could be primed for a 20% move. Related Reading: Bitcoin Shark Wallets Set New Record: Bullish Foreshadowing For 2025? While a breakout does seem to have occurred for Solana, it hasn’t yet elongated to this scale. It now remains to be seen whether the pattern would hold for the asset or not. Featured image from Dall-E, charts from TradingView.com

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.

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone. SOL price started a fresh increase above the $240 and $250 levels against the US Dollar. The price is now trading above $250 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $245 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 $262 zone. Solana Price Reclaims $250 Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low. Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low. The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level. Another Decline in SOL? If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average. The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 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 – $250 and $240. Major Resistance Levels – $262 and $272.

Solana price action is heating up as bulls show efforts to fend off bearish pressure and maintain the cryptocurrency above the vital $240 support level. This threshold has emerged as a key marker of market sentiment, serving as a critical point of defense for buyers aiming to keep the uptrend intact.  The battle around $240 underscores its importance as a technical support zone and a psychological barrier that is likely to influence SOL’s trajectory in the near term. A successful defense at this level could inject fresh energy into the market, bolstering confidence among traders and paving the way for a potential rally.  With buyers holding the line, Solana might target higher resistance levels, reigniting investors’ optimism. However, failure to maintain $240 would shift the narrative, opening the door to further declines and allowing bearish dominance. Robust Resilience Of Solana Bulls At The $240 Mark Solana’s bulls have exhibited remarkable strength and resilience in holding the $240 support level, successfully outweighing bearish pressure. Despite the challenges, the price is currently attempting to push toward the $260 level, a clear sign that the bulls are gaining control over the market. This upward movement indicates a change in sentiment, with buying interest intensifying and overshadowing the selling pressure. Related Reading: Solana Experiences A ‘Scary Sweep’ After Breaking ATH – SOL To $600? The ongoing move toward $260 highlights the positive resolve as traders increasingly target higher price levels. If Solana successfully breaks above the $260 resistance, it might signal the continuation of the uptrend, with the bulls possibly regaining full control and targeting even higher resistance points. This upward movement is backed by increasing buyer confidence, reflected by the bulls’ determination to hold above key support levels. Technical indicators are providing key insights into SOL’s next potential move. The 4-hour Simple Moving Average (SMA) is currently demonstrating a bullish trend as Solana’s price remains above this moving average, suggesting continued upward momentum. Also, the Relative Strength Index (RSI) has recently risen to 60% after a brief decline to 50%, signaling a shift in market dynamics. This notable increase from 50% to 60% suggests that more buyers are entering the market, strengthening the upward pressure on Solana’s price. Key Resistance Levels To Watch If Bulls Hold The Line If bulls successfully hold the line and maintain their strength above the $240 support level, the next key resistance level to watch is $260. Looking at the chart, this level is significant as it marks an important hurdle for the bulls to overcome in order to continue their bullish push. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point A breakout above $260 would signal the continuation of the uptrend and open the door for further gains, with the next resistance lying higher up the chart. Featured image from Adobe Stock, chart from Tradingview.com

Solana (SOL) showcased massive volatility over the weekend, delivering a rollercoaster ride for traders and investors. On Sunday, SOL reached a new all-time high of $295, marking a significant milestone in its bullish trajectory. However, the celebration was short-lived as the price swiftly retraced over 20% to hit the $229 mark, causing concern among market participants. Yet, in a testament to its resilience, Solana bounced back strongly, climbing to $272 and reigniting bullish sentiment. Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight Top analyst Jelle provided valuable insights into Solana’s price action, highlighting the significance of key levels turning into support. According to Jelle’s technical analysis, SOL’s ability to reclaim and hold these crucial levels is a strong indicator of continued bullish momentum. The bounce from $229 demonstrates robust demand, suggesting that Solana is well-positioned to resume its upward trend. As Solana continues to trade within striking distance of its all-time high, market participants are closely watching for signs of sustained strength. With key support levels intact and bullish sentiment building, SOL appears poised for further gains in the coming days. The question now is whether Solana can maintain this momentum and break through new barriers as it cements its place as one of the top-performing assets in the market. Solana Prepares For A Move Solana is poised for its next big move as the cryptocurrency market gains momentum ahead of President-elect Donald Trump’s inauguration. Today marks the beginning of a new chapter for crypto, with expectations of pro-crypto policies fueling bullish sentiment across the board. As Bitcoin (BTC) hits new all-time highs, Solana is positioning itself to capitalize on the market’s upward trajectory. Top analyst Jelle recently shared a technical analysis on X, highlighting Solana’s impressive resilience in the face of recent volatility. According to Jelle, key levels have turned into support, signaling a strong foundation for SOL’s next leg higher. While bullish momentum builds, Jelle cautioned that more “violent moves” could occur before Solana fully takes off, emphasizing the need for investors to remain vigilant. Solana has been no stranger to extreme price swings in recent weeks, reflecting its growing demand and increasing role as a leading blockchain platform. Despite the turbulence, SOL continues to push above crucial levels, reinforcing confidence among traders.  Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? With market sentiment heating up and technical indicators aligning, Solana appears ready to ride the wave of optimism sweeping the crypto space. If support levels hold and the broader market rally continues, SOL could be gearing up for another significant surge, solidifying its status as a key player in the ongoing crypto revolution. Volatility Driving The Price Solana is currently trading at $264, testing its previous all-time high (ATH) set in late November. This critical level has become a focal point for traders, as SOL’s price action suggests it is ready to push higher and set new records. Over the past two days, SOL has been trading within a range of $229 to $295, reflecting significant volatility that has both challenged and energized the market. The recent price swings highlight the growing interest in Solana as volatility continues to drive trading activity. Despite the fluctuations, SOL has demonstrated remarkable resilience, bouncing back quickly from sharp dips and maintaining its bullish trajectory. The entire cryptocurrency market’s upward momentum is further fueling optimism, with Solana positioned to capitalize on this broader trend. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? As the price consolidates near its previous ATH, investors are closely monitoring key levels for signs of another breakout. If SOL can maintain its momentum and break above $295, it will enter price discovery, a phase that often leads to rapid gains and new highs. With market sentiment overwhelmingly positive and technical indicators aligning, Solana looks poised to keep pushing higher, solidifying its reputation as a top-performing asset in the crypto market. Featured image from Dall-E, chart from TradingView.

Solana (SOL) is trading at all-time highs after a dramatic 4-hour price sweep designed to shake out weak hands. Despite the scare, SOL has proven its resilience, surging over 62% since Monday in a rally that has captivated investors. The price action reflects Solana’s strength as it continues to outperform, with bullish momentum showing no signs of slowing down. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? Top analyst Jelle provided key insights into Solana’s current market dynamics, highlighting the psychological impact of the recent sweep. According to Jelle, the sharp dip instilled fear among traders, much like the pattern observed in last month’s volatile candle. However, the technical outlook remains firmly bullish, with Jelle reiterating that Solana’s target remains highly optimistic. This price action has solidified Solana’s position as one of the most exciting assets in the crypto market. With its ability to recover quickly from sharp corrections and continue pushing higher, investors are increasingly confident in its long-term potential. As Solana trades at new highs, market participants are closely monitoring its next moves, eager to see whether the asset can sustain its momentum and reach even loftier price targets in the days ahead. Solana Prepares For A Massive Rally Solana is entering what many analysts believe will be a transformative bullish phase, with the potential to deliver massive gains for investors. As the central hub for some of the hottest meme coins, including the explosive TRUMP meme coin, Solana is rapidly positioning itself as a giant market leader in the cryptocurrency space. Its robust ecosystem, fast transaction speeds, and low costs have made it the go-to platform for innovative projects, cementing its reputation as a powerhouse in the industry. Jelle recently shared a compelling technical analysis on X, shedding light on Solana’s current price dynamics. Jelle noted the recent sharp price dip, calling it a “scary sweep” designed to instill fear among traders. Comparing it to the pattern seen in the last monthly candle, he confidently stated, “They ain’t fooling me,” reaffirming his bullish outlook. According to Jelle, Solana’s momentum is building toward a price target of $600, a level that would solidify its dominance and mark a monumental achievement. The coming week will be pivotal for Solana’s trajectory, coinciding with President-elect Donald Trump’s inauguration. With expectations of a pro-crypto administration, market sentiment around Solana and the broader crypto market is overwhelmingly positive. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? As Solana continues to attract attention as the backbone for thriving meme coin projects and innovative decentralized applications, its role as a market leader becomes more evident. If SOL maintains its bullish momentum, the combination of strong fundamentals, technical support, and a favorable macroeconomic environment could propel it to unprecedented highs, fulfilling the expectations of analysts and investors alike. Price Action: SOL Enters Uncharted Territory Solana is currently trading at $274, just shy of its newly set all-time high (ATH) of $275. The price action remains extremely bullish, with strong momentum suggesting further upside as SOL enters price discovery. This phase, where the asset explores uncharted territory with no historical resistance, often leads to accelerated gains as demand grows and market participants chase the trend. Bulls are firmly in control of the market, driving Solana’s impressive rally. The key level to watch now is $255, which has become a critical support zone. Holding this level would reinforce bullish sentiment and provide a solid foundation for the next leg up. Analysts agree that if bulls maintain support at $255, the rally will likely continue, with the potential to set even higher ATHs in the near future. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH With Solana’s fundamentals and technical outlook aligning, the market sentiment is overwhelmingly optimistic. As the ecosystem expands and investor confidence grows, SOL appears poised for a sustained upward trajectory. Traders are now closely monitoring its ability to consolidate above key levels. A successful hold could pave the way for even more significant gains in the coming days and weeks. Featured image from Dall-E, chart from TradingView