Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana is showing signs of pre-breakout behavior as it consolidates below an important price threshold. According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solana’s current trading behavior suggests that a move above this level could ignite a fresh bullish push even as the global market situation is bearish. Solana Finds Stability After False Breakdown The current structure of Solana’s price chart reflects a notable recovery after what the analyst described as a false breakdown below the range support zone. This false breakdown refers to the price crash between the last week of March and the first week of April, during which the Solana price briefly broke below $100. Notably, this break below $100 came as an extension of a decline run after a break below a key support range between $115 and $108. Related Reading After briefly dipping below key support, Solana quickly rebounded, and the market responded with renewed buying pressure that sent its price back above $130. However, this push is starting to slow down, with resistance at $136 and a consolidation phase between $130 and $136. This consolidation range is proving to be an important zone for Solana’s bullish potential going forward, according to RLinda. This behavior is further reinforced by liquidity dynamics. The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136. Source: RLinda on Tradingview A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solana’s favor. If this scenario unfolds, the move would provide technical confirmation of growing strength among buyers. This bullish potential is notable, even as RLinda noted that the global market situation is bearish. Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLinda’s analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend. Crypto market dynamics also lend weight to the bullish outlook for Solana. Bitcoin, the dominant force in the crypto market, is itself undergoing consolidation and has been highly correlated with Solana’s movements in recent weeks. Should Solana manage to close and consolidate above $136, the chart opens up to a sequence of local targets, with the $140, $147, and $152 levels becoming the following areas of interest. Related Reading At the time of writing, Solana is trading at $ 134.80, up 0.5% in the past 24 hours and 15.6% in the past seven days. Even if the outlook is bullish, minor corrections may still occur as this process unfolds. In such a scenario, the Fibonacci 0.5 retracement, located around $125.28, will provide a cushion for price corrections. As such, any short-term dip from the current price level may be met with strong support and accumulation at the Fib retracement. Other support levels are at $129, $123, and $111. SOL trading at $134 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Red Alert For Solana: 21% Price Drop Raises Fears Of Further Collapse
Solana has taken a sharp nosedive, losing nearly 22% of its value and trading around $98.09. This steep drop has sent shockwaves through the crypto community, sparking fears of an imminent larger breakdown. SOL is now flashing red across the board, with sellers firmly in control and bulls scrambling to defend critical levels. The decline highlights increasing bearish sentiment, likely fueled by technical breakdowns, weak market confidence, and rising concerns over broader economic trends. With the $100 psychological barrier now broken, all eyes are on the next key support zones. Is A Deeper Correction On The Horizon? In his recent post on X, King_Ab highlighted that Solana is currently trading around $98.09, marking a sharp 21.84% drop from its previous close. He further noted that the day’s trading session has been highly volatile, with SOL reaching a high of $120.07 and dipping as low as $98.06, underscoring the intense pressure in the market. According to King_Ab, this substantial drop in Solana reflects the broader downturn witnessed across the cryptocurrency market over the past week. The decline isn’t isolated but rather part of a wider trend of risk-off sentiment as investors react to global macroeconomic uncertainty and shifting market dynamics. He pointed out that Solana’s market capitalization currently stands at approximately $51.15 billion, while its 24-hour trading volume hovers around $5.17 billion, indicating sustained trading activity despite the sharp correction. This combination of declining price and high volume could suggest either panic-driven sell-offs or aggressive repositioning by market participants Critical Support Breached: Can Solana Hold The Line Below $100? Solana’s drop below the key $100 mark signals a potential shift in momentum from bullish to bearish. This level has previously acted as a solid support zone, providing a bounce point during corrections. However, with the recent 21% decline, that line has been breached, and market sentiment is growing increasingly cautious. For SOL to regain its bullish momentum, it needs to swiftly reclaim and sustain levels above $100 to avoid further downside pressure. If this key level remains unheld, Solana might drop to the next support zone around $79.25. A break below this level could accelerate bearish sentiments, opening the door for an extended decline toward the $58.25 support area, where the bears may gain additional control. At this critical juncture, it’s essential to closely watch the price action for signs of stabilization or the risk of continued capitulation. As the bearish volume rises, Solana’s ability to reclaim the broken support level will likely dictate its short-term trajectory. Whether the price can recover above key levels will be a decisive factor in determining if the downtrend will persist or if a reversal is on the horizon.
Is The Solana Bottom In? Experts Answer
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In a new technical analysis shared via X, crypto analyst Scott Melker aka The Wolf Of All Streets (@scottmelker) highlighted a critical support-resistance setup for Solana (SOL), emphasizing what he views as a textbook bounce off of a key technical level. “Picture perfect bounce off of $112 support. Double bottom would confirm with a break above $147, the swing high between the two bottoms. Don’t let anyone call it a double bottom until that happens. Regardless, nice bounce off of support with defined resistance to watch,” Melker stated. The analyst’s chart shows SOL rebounding from near $112, reinforcing that zone as significant short-term support. For a bullish double-bottom pattern to validate, Melker points to a breakout above the downtrend line (currently around $130). If SOL breaks this resistance, $147 will be the critical level that would need to be breached. Until then, he advises caution about prematurely labeling the formation as a confirmed double bottom. Solana price analysis, 1-day chart | Source: X @scottmelker Solana Bottom In? Notably, these remarks come on the heels of unlocks. According to a post by on-chain intelligence firm Arkham on Thursday, “$200M OF SOL UNLOCKING TOMORROW. Tomorrow (4th April) marks the largest single-day unlock of staked SOL until 2028. These 4 accounts staked a total of $37.7M of SOL in April 2021, and are up 5.5x at current prices.” The scale of these unlocks has generated considerable discussion on social media. Related Reading Another trader, NooNe0x, took a more optimistic stance, remarking, “SOL unlocks. Looking at the bright side, today’s unlock was the last large block. Today alone is as much as 40% of everything that is still left. It is 78% done, May, June and only large-ish blocks left. Ripping the bandaid off.” In other words, with the bulk of significant unlocks possibly behind it, the supply overhang from locked tokens might be dissipating. Historically, major token unlock events—whether for Solana or other projects—have often been anticipated well in advance by traders and investors. Markets “price in” that large holders sell their old tokens, sometimes driving prices lower ahead of the actual unlock. Once the unlock date arrives, if the anticipated sell-off does not materialize as severely as feared (or if much of the unlocked stake remains off the market), prices have tended to stabilize and often recover in the days or weeks that follow. Related Reading This pattern emerges because many holders, especially larger or early investors, may opt to restake or hold onto their tokens if they maintain a strong fundamental outlook. Meanwhile, short-term traders who had been betting on unlock-related volatility might close positions once the event passes. This “buy the rumor, sell the news” (or vice versa) dynamic can lead to price whipsaws around unlock periods, but no single outcome is guaranteed; much depends on how much actual selling pressure surfaces and broader market sentiment at the time. Meanwhile, Awawat, a trader and angel investor at APG Capital, cautioned that Solana could be in a precarious position despite holding above $100. “SOL absolutely shrekt – broke 170 range low, bounced at 120 a few times – now holding above 100 but the ice is thin – last big unlock tomorrow – will bid sub-100 if given but this looks rough given the state of the trenches,” he wrote. Solana price analysis, weekly chart | Source: X @Awawat_Trades At press time, SOL traded at $115. SOL price, 1-week chart | Source: SOLUSDT on TradingView.com Featured image from Shutterstock, chart from TradingView.com
Solana Bearish Continuation: $118 Support, The Last Barricade Against Deeper Correction
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant, preventing any meaningful upside momentum. If SOL fails to hold this key support, it could trigger a wave of panic selling, accelerating losses and exposing the price to deeper declines. With market sentiment hanging in the balance, all eyes are on whether bulls can stage a defense or if bears will finally break through, setting the stage for further downside. Solana Ongoing Bearish Trend In Focus The Solana price chart is currently displaying a bearish triangle formation, signaling a continuation of the downward trend. Initially, SOL attempted to break out above the upper boundary of the triangle, but the breakout lacked strong bullish momentum, leading to a swift rejection. This failure to sustain an upward move pushed the asset back toward the lower boundary of the triangle, where the $118 support level now comes into focus. Related Reading With continued selling pressure, Solana could face an extended bearish move, breaking below its current key support level and accelerating its decline. A confirmed breakdown beneath the bearish triangle would lead to a drop toward $118, the first major support zone. However, if the bearish momentum intensifies, this level may not hold. Solana forming a trinagle pattern | Source: SOLUSDT on Tradingview.com Below $118, the next significant support lies at $99, where some buyers could attempt to slow the decline. Should this level fail to provide stability, SOL could slide toward $79, a crucial psychological and technical support zone. Continued weakness in market sentiment may push the price even lower, with $58 coming into play. For now, bulls must step in to defend these levels, or Solana risks an extended bearish phase. Can $118 Spark Up Bullish Again The $118 support level has emerged as a critical zone for SOL, with many traders watching closely to see if it can trigger a bullish turnaround. Historically, this level has acted as a strong demand zone, where buyers stepped in to absorb selling pressure and push prices higher. If similar market behavior plays out, SOL could see a rebound from this point. Related Reading According to CURB, in an X post on March 15, he forecasted that Solana’s price eyes decline to the $118 support level before experiencing a potential rebound. He believes that strong demand in this zone could trigger a significant price surge to the $1,000 mark in the long run. Fundamental factors, such as positive news on Solana’s ecosystem, increased network adoption, or improved overall market sentiment, could also act as catalysts for a price recovery. A surge in buying volume, particularly from whales and institutional investors, is likely to provide the momentum needed to shift market sentiment. SOL trading at $125 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Solana Leads The Bull Case For Crypto, Says Multicoin’s Samani
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Kyle Samani, co-founder and managing partner of Multicoin Capital, outlined his renewed Solana bull thesis in an interview with Frank Chaparro.. Multicoin, one of Solana’s earliest backers since its seed round in 2018, is doubling down on its conviction that Solana is the most strategically positioned blockchain to power the future of decentralized finance and payments. Samani made it clear that Multicoin’s outlook on the crypto sector has sharpened significantly over the years. “We’ve fundamentally recognized that these systems are financial systems, first and foremost,” he stated. “We need to be focused on investing in things that are fundamentally tied to innovations in finance.” Samani reflected on the broader downturn in venture funding across the crypto space, pointing to a necessary reckoning around utility and real-world applicability. According to DeFiLlama data cited in the interview, venture capital inflows have now dipped below 2017–2018 levels despite increasing regulatory clarity. Samani attributes this to an overdue market correction away from overfunded, non-viable projects. “People, LPs, have funded crypto venture funds with the implicit implication that crypto will substantially impact all parts of the economy. And I have a narrower view — I think it will have a very high impact in financial services. Otherwise, I generally don’t care.” Related Reading This recalibration has led Multicoin to double down on areas where product-market fit is finally emerging, including stablecoins, real-world assets (RWAs), decentralized physical infrastructure networks (DePIN), and cross-border payment systems. “We have these areas now where there’s definitive market fit,” Samani said, highlighting projects like Felix Pago’s remittance network in Mexico and growing interest in crypto-native labor marketplaces integrating stablecoin payouts. Solana’s Edge: Speed And On-Chain Order Books Central to Multicoin’s latest thesis is the growing realization that Solana remains unmatched in providing the speed, throughput, and cost structure necessary to support global financial applications at scale. “If you look at core L1 infrastructure, Solana is the fastest horse today,” Samani asserted. He emphasized that after five years since mainnet launch, Solana is now on the cusp of making fully on-chain order books not only possible but functionally competitive with centralized exchanges. “Latency was not low enough. Chain would fall over […] But as the chain has gotten more stable, as latency’s come down, as throughput is increased, that’s made it more usable for on-chain order books,” Samani explained. He expects the market to reach an inflection point in the next three to six months, where on-chain order books are “functionally usable for both makers and takers, comparable enough to Binance and Coinbase.” Key to unlocking this potential, according to Samani, is “conditional liquidity” — an innovation he believes is now within reach thanks to the maturity of the Solana ecosystem. Ethereum Vs. Solana Samani drew a sharp contrast between Solana’s singular optimization for financial use cases and Ethereum’s generalized approach. “Ethereum’s core problem is they’re not optimized for anything,” he argued. “The definition of focus is saying no to things. And they absolutely refuse to do so.” While Ethereum pursues roll-up-centric scaling, Samani remains skeptical of both the intra- and inter-roll-up challenges. “All of the rollups we have today are entirely centralized in their operations,” he noted. “Ethereum started off maximum decentralization […] and the path to scaling is to centralize and then re-decentralize. It strikes me as bizarre.” Related Reading In contrast, Samani believes Solana’s monolithic architecture — emphasizing low latency and high throughput — is best suited for building the backbone of Internet-native capital markets. “You have to be focused on latency, throughput, and gas cost,” he said. “Bitcoin and Ethereum from inception were always like, ‘Oh my God, scarcity.’ Solana’s perspective has always been, ‘Let’s let Moore’s Law do its thing and run a billion transactions in parallel.’” Regulatory Winds Shifting Samani also described a noticeable shift in the regulatory environment, referencing the White House Crypto Summit where he sat alongside major industry figures. “It was really awesome for me to see that they committed two hours, they sat there with us, they listened, they took notes, and they were asking really good questions,” he said. In Samani’s view, this new dialogue with Washington is already catalyzing changes in capital flows. Multicoin has seen several of its largest LPs — historically venture-only — express interest in their liquid hedge fund product. “Three of our largest LPs have all called us since the election and said, ‘Hey, we would like to explore your liquid fund.’ We feel pretty good that the tides are shifting.” Samani reiterated that, from a risk-reward standpoint, liquid markets — specifically top-performing tokens like Solana and its ecosystem projects — now offer the most compelling opportunities. “My general belief today is that the easiest money to be made in crypto is buying liquid names that are the winners in their respective areas.” Five years after backing Solana in its earliest days, Multicoin Capital remains unwavering in its conviction. “We underestimated the difficulty of on-chain order books,” Samani admitted. “But we never gave up on it, and I think we’re pretty close now.” At press time, SOL traded at $140. SOL rises above the 0.5 Fib, 1-week chart | Source: SOLUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Solana Price To Drop To Double Digits? Major Levels To Watch For Entries
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst SiDec has raised the possibility of the Solana price dropping to double digits. The analyst revealed major levels to watch for entries as market participants brace up for this massive crash. Major Levels To Watch As Solana Price Risks Drop To Double Digits In a TradingView post, SiDec highlighted the range between $136 and $143 as the major resistance zone for the Solana price. Meanwhile, he stated that between $102 and $98 is the next major support zone, indicating that SOL risks dropping to double digits soon if it fails to hold this support zone. Related Reading The analyst noted that the Solana price has been in a slow uptrend over the past five days, after hitting the low at $112. He added that the current price action looks like an ABC corrective pattern, which could mean that SOL is setting up for lower prices. While alluding to the key levels to watch for entries, he SiDec noted that placing orders at key levels helps increase the chances of catching the right move without overcommitting too early. SOL at risk of falling to a double digit value | Source: SiDec on Tradingview He then discussed the resistance zone between $136 and $143. The crypto analyst remarked that the Solana price will likely struggle in that range, as the area contains multiple technical confluences suggesting a potential reversal or strong reaction. As such, SiDec stated that this range is a prime area to consider for short positions, especially if the price starts showing weakness. On the other hand, SiDec revealed that a major demand zone is forming between $102.1 and $98.50 on the downside for the Solana price. He stated that this zone has multiple technical confluences, making it a high-probability long entry area. The analyst added that this zone presents a solid long opportunity for gradual scaling into positions as price moves deeper into support. Market Outlook For SOL SiDec remarked that there is a short bias until the Solana price reclaims $143.80, with this level a strong resistance zone for potential short trades. For market participants looking to enter a short position, the analyst remarked that laddering into the resistance zone ensures better risk management and higher entry efficiency. Related Reading Meanwhile, for a long setup, the analyst stated that starting small at $112 and increasing position size down to $98.50 ensures strong positioning in a high-confluence demand zone. He added that scaling into trades rather than committing at a single price increases flexibility, improves trade execution, and helps market participants adapt better to price movements. Further discussing the Solana price action, SiDec noted that the $100 target coincides with the 200 Exponential Moving Average (EMA) on the weekly timeframe, adding confluence to this strong support. The analyst also mentioned that if the Solana price decisively breaks above $144, it would invalidate the short thesis and suggest a potential move higher toward $150. Meanwhile, a strong rejection from the resistance zone would likely accelerate the move toward $112 to test demand at swing low. At the time of writing, the Solana price is trading at around $128, down over 4% in the last 24 hours, according to data from CoinMarketCap. SOL trading at $129 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency’s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana. Analyst Forecast Massive SOL Price Crash CoinMarketCap’s data shows that the Solana price has given up most of its yearly gains following its massive 50% price crash earlier last month. Despite this bearish performance, TradingView crypto analyst MadWhale highlights that the pain isn’t over yet, projecting an even deeper price decline for the popular altcoin. Related Reading: Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22? The analyst believes that a 26% drop to $90 may be on the horizon if Solana fails to find proper support. Sharing a detailed price that supports his bearish prediction, MadWhale suggested that the Solana price is currently in a Descending Channel, indicating a sustained downtrend. The chart shows that the altcoin’s price movement is making lower highs and lower lows, confirming its already bearish structure. Moreover, Solana is presently struggling to break above the key resistance area indicated by a straight red line above the $130 threshold. Massive price crash incoming for SOL | Source: MadWhale on Tradingview The curved red arrow in the chart highlights the trajectory to which Solana is expected to move if it fails to surpass resistance levels. The $90 level is also marked as the main monthly support for the altcoin, where a potential bounce back or accumulation is set to arise. If Solana can retest this support level, MadWhale believes it could recover enough to sustain a lengthy upward trend. While Solana’s overall price position and market trend are in the red, the TradingView analyst acknowledges that temporary bullish movements could happen. However, these minor fluctuations would be short-lived, as they are part of the broader downtrend. Notably, MadWhale has marked the $100 mark as a psychological resistance level for the Solana price, where a decline toward this threshold could influence its market sentiment. Solana Market Sentiment Switches To Fear Solana’s market sentiment recently hit 1-year lows, but on-chain data shows an even more volatile trend. The altcoin’s Fear and Greed index at 34 indicates that it may be approaching extreme fear zones. This suggests a potential period of panic-driven sell-offs by investors. Related Reading CoinCodex’s data also highlights that Solana’s overall market trend is significantly bearish. Over the last 30 days, Solana has recorded more red days than green, signaling a prolonged downtrend. As a result of its bearish price action, CoinCodex indicates that now may be a bad time to buy the altcoin. Commenting on Solana’s current market sentiment, crypto analyst Market Prophit notes that the crowd remains bearish on the cryptocurrency. However, smart money stays bullish, fueling hopes of a possible price reversal in the altcoin. SOL trading at $127 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Solana Explodes Out Of Downtrend: How High Can It Go?
Este artículo también está disponible en español. Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213. Solana Bulls Regain Momentum The chart, which spans from January into early March, shows a steadily declining pattern where price repeatedly tested and respected both the upper and lower boundaries of the channel before the latest bullish push propelled SOL beyond the channel’s resistance. Solana price analysis, 4-hour chart | Source: X @ali_charts The descending parallel channel highlighted in Martinez’s analysis is visually evident from a series of lower highs and lower lows, forming a consistent downward slope. Each brief recovery in previous weeks failed to clear the channel’s midline, reinforcing bearish pressure. However, once SOL’s price managed to rise above this midline, bullish momentum began to build, culminating in a decisive move through the upper boundary. This kind of channel breakout often suggests that sellers have been exhausted, allowing buyers to take control of the market. Related Reading Notably, the breakout comes with two major catalysts for Solana. First, the massive Solana unlock by the FTX estate is done (March 1). Second, yesterday, US President Donald Trump announced the inclusion of Bitcoin, Ethereum, XRP, Cardano and Solana in the United States’ Strategic Crypto Reserve. One of the most critical elements in Martinez’s forecast is the $213 target, which is derived from the channel’s height from the breakout point in combination with 0.382 Fibonacci retracement level. Currently, in the aftermath of a breakout, a retest of the broken resistance is taking place —to turn it into support. The $160-165 zone is the area where buyers might attempt to defend the token’s new uptrend. To the upside, the key Fibonacci retracement levels above Solana’s current price of $170.19 are $174.11 (0.618), $192.62 (0.5), $213.11 (0.382), and $241.50 (0.236), with the full retracement level at $295.60 (0.0) serving as the ultimate bullish target based on the chart’s structure. Related Reading The overall sentiment among analysts supports Martinez’s bullish outlook. Jelle (@CryptoJelleNL) pointed to the significant Solana unlock event that is now behind us and underscored the fact that the weekly candle closed in the green. According to his observations, SOL has reclaimed crucial support after taking out its lows, with a trendline that continues to hold firmly. “Massive $SOL unlock behind us, and the weekly candle closed in the green. Lows taken out, support retested, trendline holding. Pretty sure the next SOL push sends it into price discovery – hard,” he writes via X. Solana price analysis | Source: X @CryptoJelleNL Adding to the positive market narrative, Chris Burniske, a partner at Placeholder VC, remarked via X that BTC, ETH, and SOL all posted favorable weekly closes and that the long-term trend across these leading cryptocurrencies remains to the upside. “BTC ETH and SOL couldn’t have asked for better closes on the weeklies. The long term trend remains: UP,” Burniske says. From a technical perspective, much hinges on Solana’s ability to sustain its breakout. The descending channel had functioned as a clear reference for bearish sentiment, and breaching it suggests a significant change in the market’s psychology. At press time, SOL traded at $164. SOL holds above $160, 1-week chart | Source: SOLUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Solana Bulls Push For A Price Recovery Amid Market Volatility
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Solana Faces Make-Or-Break Moment As $1.77 Billion Unlock Looms
Este artículo también está disponible en español. In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana’s ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last major support level.” The Bearish Argument For Solana “The downtrend continues as SOL gets rejected by another S/R flip and crashes down to the $150 level. Sentiment at an all-time low. Assume continuation until proven otherwise,” Khaneghah writes via X. A prominent feature of the analysis is a support/resistance (S/R) flip around $180.58. Earlier in February, Solana attempted to reclaim this level but was met with strong selling pressure. The failure to secure a daily close above $180.58—now acting as resistance—signaled renewed downside momentum. Solana price analysis | Source: X @KoroushAK Following the drop, Solana has settled just above $157, marked on the chart as the “Last major support level.” Prices have briefly dipped below this zone, suggesting fragility in the market’s current stance. A failure to hold $157 on daily closes increases the possibility of further decline toward the next significant horizontal line around $127.05—visible at the lower end of the chart. Related Reading Koroush’s annotations also indicate that crossing back above $180.58 would shift the market bias from bearish to “neutral.” Until that happens, the analyst cautions that sellers appear to be in control, with negative sentiment around meme coins reinforcing the ongoing downtrend. The Bullish Argument For SOL Meanwhile, crypto analyst RunnerXBT (@RunnerXBT) has shared a orderflow analysis of the Solana (SOL) futures chart (2-hour timeframe on Binance) today. The chart underscores notable price points, liquidations, and changes in positioning ahead of the upcoming March 1 unlock—when 11.2 million SOL (valued at roughly $1.77 billion) are scheduled for release. In the annotated chart, the price peaked in mid-January, reaching $295, before beginning a steady descent that has most recently seen SOL hovering in the mid-$150 range. The chart shows that from early to late January, there was a significant drop in open interest (OI) alongside a slide in the price, with Cumulative Volume Delta (CVD) suggesting it was driven primarily by long positions closing. RunnerXBT’s notes attribute this to SOL weakness moving largely in tandem (1:1) with Bitcoin. Solana orderflow breakdown | Source: X @RunnerXBT By late January, after a more pronounced downward move, the price and OI both settled at lower levels. OI briefly rebounded in early February, though the chart indicates that initial long positioning was soon followed by short covering as traders pivoted to profit-taking or closed losing short positions. Despite this activity, SOL’s price was unable to mount a sustained uptrend, reinforcing a broader sense of hesitancy among traders. Related Reading Around mid-February (February 16–18) and again on February 24, the chart highlights phases of “aggressive shorting and spot selling,” which contributed to persistent downward pressure on the price. Though there were instances of short covering (notably around February 21, where CVD ticked up slightly), the overall momentum has remained subdued, with few signs of new long accumulation. On the right side of the chart, RunnerXBT has placed a vertical red line marking March 1 as the date of what he calls the “biggest SOL unlock known to mankind.” Many market participants appear to be “front-running” the event by selling in anticipation of a flood of new tokens hitting the market. This has the potential to drive heightened volatility. Yet, in his post, RunnerXBT warns against shorting SOL at current levels, explaining that he initially started monitoring this situation when the token traded just under $200 and is now seeking a scalp long after the unlock has happened. He points out that attempts to catch every 5–10% daily drop are dangerous and that traders who do so risk frequent stop-outs or liquidations. “I dont think its a wise “new” short here of SOL. I started posting about the situation at jus under $200 per SOL. I am looking for a scalp long AFTER the unlock, people “frontrunning” it are getting stopped out or liquidated. You aren’t a hero catching -5% to -10% daily falling knives. […] TLDR: Looking for longs (not 5 days before unlock). NOT shorts. if people can’t read, i can’t help you,” he writes via X. At press time, SOL traded at $158. SOL breaks below crucial support, 1-week chart | Source: SOLUSDT on TradingView.com Featured image from Shutterstock, chart from TradingView.com
More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Support Retest
Este artículo también está disponible en español. 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 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. SOL at risking of retesting $125 | Source: MadWhale on Tradingview 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 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. SOL trading at $174 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22?
Este artículo también está disponible en español. 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 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. A 2022-like crash looms for SOL | Source: PizzaDriver on X 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 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. SOL trading at $172 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from YouTube, chart from Tradingview.com