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Solana

Solana Climbs Amid Institutional Investments and ETF Backing Solana (SOL) has climbed to $134.35, marking a 0.89% gain over the last 24 hours and an impressive 20.39% increase over the past week. Its market capitalization now stands at $69.37 billion. Although 24-hour trading volume has declined by 14.73%, settling at $3.71 billion, bullish sentiment continues to build around the asset. Institutional interest has intensified. Real estate fintech company Janover recently added over $10 million in SOL to its treasury. With more than 163,000 SOL now under management, Janover is following a similar strategy to MicroStrategy’s Bitcoin approach — buying, staking, and holding long-term. This move reinforces growing trust in Solana’s infrastructure and staking rewards. Support for Solana also extends to regulated investment channels. Canadian institutions have backed Solana-based ETFs, adding another layer of credibility. These developments suggest that SOL is transitioning from a speculative asset to a longer-term investment holding. Technical Analysis On the chart, Solana recently broke structure (BOS) to the downside, indicating a growing bearish momentum. However, price found support and bounced off after recording a low of $95. Currently, the price is trading towards a high at $147. If it breaks above the the resistance, the price could extend toward $180, with potential continuation. Alternatively, if the breakout fails, a retest of the $110 zone may follow. The volume remains moderate, signaling cautious participation. The recent bullish activity aligns with institutional accumulation and ETF exposure. Key levels to watch include $110 as support and $147 high as near-term resistance. A sustained move, break and close above $147 may confirm the next bullish leg for Solana.
CRYPTO:SOLUSDLong
by DEXWireNews
Solana (SOL) Market Overview – April 17, 2025As of April 17, 2025, Solana (SOL) is trading at approximately $134.55 USD, reflecting a 5.48% increase from the previous close. ⸻ 📈 Technical Analysis Price Action & Momentum: • Recent Performance: SOL has rebounded from lows near $120 to around $134.55, positioning itself as one of the top-performing altcoins recently. • Support & Resistance Levels: • Immediate Support: $120 – Crucial for sustaining the current bullish momentum. • Resistance Zone: $133 – $135 – A breakout above this range could unlock further upside. Key Indicators: • RSI: 53.90 – Neutral momentum • MACD: -3.01 – Slightly bearish • Stochastic Oscillator: 92.14 – Overbought territory • ADX: 19.10 – Weak trend strength ⸻ 🧭 Fundamental Analysis Network Strength: • High Throughput & Low Fees: Solana continues to dominate with its scalable and low-cost blockchain infrastructure. Institutional Interest: • ETF Activity: Five ETF filings as of March 2025 highlight increased institutional trust in Solana. Market Sentiment: • Fear & Greed Index: 29 – Market is in “Fear” zone, potentially creating long-term buying opportunities. ⸻ 🔍 Summary Solana is showing bullish recovery signs driven by positive price action and ETF momentum. However, technicals suggest a cautious approach in the short term due to overbought signals and weak trend strength. Fundamentally, Solana’s powerful infrastructure and institutional support could fuel long-term growth.
Long
by sorooshx
Elliott Wave Update – Structure OverviewBINANCE:SOLUSDT We may have found a potential local bottom at yellow Wave A, and are now tracking a move towards yellow Wave B. This yellow Wave B appears to be unfolding as a 1-2-3-4-5 structure: Waves 1-2-3 are likely completed. Waves 4 and 5 could still be ahead. This full impulse may form part of a larger A-B-C correction, completing the final yellow Wave B. In the black wave count, the 1-2-3 move is finished. Within Wave 3, we saw a clean internal 1-2-3-4-5, confirming the completion of that wave. Currently, I’m tracking the move from black Wave 3 to black Wave 4 as a developing A-B-C correction: Wave A is potentially in. We are now in the resistance zone of Wave B, which could lead to the final drop into Wave C. After completing Wave 4, I expect an upward move into black Wave 5, starting with an initial A-wave. This should then form another A-B-C structure, leading to the completion of the final yellow Wave B.
Short
by ElliotXSolana
2
SOL – Small pullback to then grab the liquidity?This 1H chart of SOLUSDT on Bybit showcases a clean bullish continuation setup after a strong impulsive move upward. The current price action suggests a strategic retracement into a high-probability zone of interest before a potential continuation toward buy-side liquidity. --- 1. Market Structure & Context: - SOL has shifted market structure to the upside following a strong impulse that broke previous lower highs. - The current pullback resembles a classic bullish retracement, aligning with smart money concepts where price revisits inefficiencies and discount zones before continuation. - The low on the retracement appears to be forming a higher low relative to the previous structure. --- 2. Fair Value Gap (FVG) + Golden Pocket Zone: - The blue box represents a clear Fair Value Gap created during the recent rally — a price imbalance often targeted for entries by institutions. - Overlaying that zone is the Fibonacci golden pocket (0.618–0.65), a highly reactive retracement area in bullish moves. - The confluence of FVG and the golden pocket makes this a powerful demand zone, supported by historical order flow behavior. --- 3. Fibonacci Levels & Price Action: - 0.618–0.65 zone: Ideal entry region during bullish retracements. Price is currently reacting within this band. - 0.786 level: A deeper retracement level that still supports bullish continuation if respected — though it marks the edge of the current FVG. - The equilibrium between these levels represents a discount area for accumulation. --- 4. Liquidity Outlook – Buy-Side Liquidity (BSL): - A clear BSL (Buy-Side Liquidity) sits above the previous local high. - Price is likely to target this level as the next point of liquidity collection once the retracement completes. - The green arrowed path shows the anticipated flow: a short-term dip into the FVG before a bullish move to sweep the BSL. --- 5. Trade Narrative: - This setup reflects an entry based on optimal trade theory — retracement into a zone of inefficiency and discount (FVG + golden pocket). - Bullish continuation is expected if this zone holds, especially with confluence from market structure and resting liquidity overhead. - Ideal confirmation may involve lower timeframe bullish breaks of structure inside the FVG. --- Summary: SOL is offering a textbook retracement setup on the 1H, with price pulling back into a confluence of a Fair Value Gap and golden pocket (0.618–0.65). If the zone is respected, the next likely destination is the buy-side liquidity resting above previous highs. The reaction within this area will be key to validating the bullish scenario.
Long
by Louigi_24
26
Many bullish signs for Solana longSolana is starting to look like building bullish momentum.    Bullish signs: Daily: The price broke out of a prolonged descending parallel channel, retested the top trendline of the channel and started to move up. The price broke and closed above EMA21 (first hurdle of many!) and has been above it for several days.  The price is above the major support zone around 117.  RSI and MACD are both still in the bear zone, however, they are clearly pointing up and about to enter the bull zone.   4H:    MACD and RSI are both in the bull zone. The price is above EMA 22.EMA 21 is above EMA55. EMA 200 is traveling horizontally across the recent price range, but the latest candle was strongly bullish and closed above all EMAs. While EMA200 is horizontally moving, the price will probably oscillate in the range bound.  But once EMAs line up for the bullish set up (EMA21 > 55> 22) in 4H, I will consider open a long position based on the 4H chart.
COINBASE:SOLUSDLong
by EbonyFalcon
Solana H4 | Rising toward a swing-high resistanceSolana (SOL/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 144.76 which is a swing-high resistance. Stop loss is at 154.00 which is a level that sits above a multi-swing-high resistance. Take profit is at 122.98 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:SOLUSDShort
by Tradu
SOL - Longs on the Horizon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Medium-Term : SOL has been overall bearish and it is currently trading within the flat wedge pattern marked in red. 📍 As it retests the lower bound of the wedge — which perfectly intersects with the $100 round number — I’ll be looking for short-term longs. 🚀 In parallel, for the bulls to take over in the long term and kick off the next bullish phase, a breakout above the $147 previous daily high is needed. Which scenario do you think will happen first — and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TICKMILL:SOLUSDLong
by TheSignalyst
3
Canada Approves First Spot Solana ETFs, Launch Set For 16th AprThe Ontario Securities Commission (OSC) has approved the world’s first spot Solana (SOL) exchange-traded funds (ETFs), marking a major step forward for crypto investment products in North America. Beginning April 16, 2025, several asset managers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—will offer direct exposure to SOL on Canadian exchanges. Unlike derivatives-based products, these ETFs will hold physical SOL tokens, giving both institutional and retail investors a regulated way to invest in the Solana blockchain ecosystem. Each provider will track a separate index, allowing for a range of strategies. In addition, these funds will feature staking options, providing a potential yield advantage over other crypto ETFs. With this approval, Solana becomes the third cryptocurrency to receive spot ETF approval in Canada, following Bitcoin and Ethereum. The news has sparked increased whale activity and fresh speculation that the United States could follow with its own Solana ETF approvals in the future. Technical Analysis Solana’s price has been trading below $150, consolidating within a wider range. The key technical level to watch is $147, which marks an internal structure lower high. A strong break and close above $147 could signal a bullish shift in market structure, potentially triggering upward momentum. On the other hand, if the price fails to close above this level, it may drop below $120, reinforcing bearish pressure. The ETF launch could become a catalyst for either outcome, depending on how the market reacts to the new inflows. At present, Solana continues to trade just below the critical threshold, awaiting a decisive move as April 16 approaches.
CRYPTO:SOLUSDLong
by DEXWireNews
SOL Bulls Strike Back — But Is It Sustainable?Solana continues to respect technicals with precision — after a +42.9% move from the $95 low, we're now at a pivotal moment in price structure. Let’s break down what’s happening and where the high-probability setups lie. 📍 Key Bounce Zone – Golden Pocket Confluence Local Low: $95.26 Golden Pocket Zone (0.618–0.666): $97.09–$94.82 This area acted as a major demand zone, with price sharply rebounding. First Volume Spike: Followed by retracement into Golden Pocket Zone at $102. Second Volume Spike: Occurred right after touching Anchored VWAP ($108.21) from the $95.26 low, which added beautiful confluence with the Golden Pocket Zone – a secondary high-conviction long entry. 📈 Rally to Resistance – Short-Term Climax After the anchored VWAP retest, SOL rallied into the key resistance zone aligned with the 0.786 Fib retracement from the previous down move — a historically reactive level and a prime profit-taking zone. Monthly 21 EMA ($135.83) and the monthly 21 SMA ($133) — both key dynamic resistance zones. Low-volume retest of that key high suggests buyer exhaustion, not continuation — a classic setup for a short-term reversal. 🧭 Current Market Structure Current Price Action: Trading above both the weekly open ($128.38) and the monthly open ($124.54). This forms a critical S/R zone between $124–$128, now acting as a potential battleground for bulls and bears. As long as price stays above this zone, momentum remains with the bulls. 🔍 What to Watch Next – Reclaim or Reject? Key Support to Watch: $125 (psychological level) and monthly open at $124.54 – This zone is likely to be liquidity-hunted. Expect a sweep of this low, look for the reaction. Daily Support Confluence: currently at 21 EMA: $123.77 & 21 SMA: $123.27 1.) 📈 Scenario A – Bullish Reclaim: If SOL sweeps the low and shows strong buying reaction (bullish engulfing candle, volume spike), it sets up a potential long opportunity towards the weekly open, to watch for the next reaction. 2.) 📉 Scenario B – Failed Hold: If there's no bullish reaction at $124–$125, expect further downside. First target = $122 Second target = $120.65 🎯 Tactical Game Plan Bulls: Watch for reaction at $124–$125 – potential scalp long with tight SL. Confirmation on volume expansion and break of $128.38 for continuation. Re-enter long after clean retest of weekly open from above. Bears: Short setup possible if weekly/monthly open is broken and retested as resistance. First TP = $122, second TP = $120.65.
Short
by SiDec
9
SOLUSDT Holding Support, Targeting $150BINANCE:SOLUSDT bounced perfectly from the 0.618 Fib level and is now testing resistance. A small dip back to support is possible, but if $110 holds, we could see a strong move toward $150. Compared to other altcoins, SOLUSDT is showing real strength. Once the tariff noise clears, this could be one of the top performers. Always manage risk and set your stop loss! BINANCE:SOLUSDT Currently trading at $118

 Buy level: Above $112.5 Stop loss: Below $100 Target : $150 Max Leverage 3x Always keep Stop loss

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Long
by GreenCryptoTrades
Solana Rises Over 18% In Last 7 Days as ETF Talks Fuel OptimismSolana has gained strong upward momentum, trading around $130 in the last 24 hours. The token reached a new weekly high, outperforming many altcoins during the broader crypto market recovery. Growing speculation around the possible approval of a Solana Exchange-Traded Fund (ETF) has fueled this bullish movement. Investor attention turned sharply after Bloomberg ETF analyst James Seyffart clarified that the U.S. Securities and Exchange Commission (SEC) has until October 10 to issue a final decision on the proposed Solana ETF. However, he also pointed out that early approval is still possible, though unlikely. Under the leadership of Paul Atkins and with input from Hester Peirce's Crypto Task Force, the SEC may fast-track decisions related to digital assets. A Solana ETF could bring institutional capital into the ecosystem, similar to what happened with Bitcoin and Ethereum after their respective ETFs gained approval. Analysts believe that updated regulations, especially regarding asset custody and digital definitions, will be key in shaping the outcome. If progress continues, early approval remains a possibility, although most market watchers still expect a final decision closer to the October deadline. Technical Analysis On the chart, SOL has found support at a major demand zone around the $110–$115 range. The price is now trading above this area after reading below $100 at some point, marking an internal bearish break of structure. If the bullish momentum can sustain to trade and close above the recent lower high at around $147, that move would suggest a shift in trend. If the price fails to maintain momentum and break above $147, bearish momentum will continue, with a potential retest of the support zone below $100.
CRYPTO:SOLUSDLong
by DEXWireNews
SOLANA (SOL/USDT) – TP: 170 - 252 & 295SOLANA (SOL/USDT) is currently trading at $130.17 after rebounding from a well-defined sell-side liquidity zone between $98 and $131. The recent weekly candle shows a strong bullish recovery (+22.93%), suggesting that liquidity has been swept and buyers are stepping in. This level has historically served as a key accumulation zone, and the bounce aligns with oversold conditions on the StochRSI, which is now curling upward — indicating growing bullish momentum. If price sustains above the $125–131 level, the next immediate upside target lies between $170 and $188, where prior supply and consolidation occurred. A confirmed breakout above this range opens the path toward a higher resistance zone between $254 and $295 — a region that aligns with unfilled inefficiencies and previous price distribution. The ideal swing trade approach would be to enter on a pullback within the $110–125 range, set a stop loss below $98, and scale out at the $170 and $254 levels. This setup offers a favorable risk-to-reward ratio of approximately 1:3.5. Trade Strategy Suggestion (Swing or Positional): Entry: Ladder between $115–$125 on retrace SL: $105–110 (below wick low) TP1: $170–188 TP2: $254–295 Scaling Out: 50% at TG1, rest at TG2 or trail stops above $200 With macro tailwinds like renewed interest in Solana’s DeFi and meme coin ecosystems, institutional flow returning, and technical confirmation across multiple timeframes, this could be a high-conviction mid-term play for swing traders and positional investors alike. 🔮 Narrative & Fundamentals: ETH L2 congestion → SOL gets transactional inflows SOL’s DeFi, NFT, and memecoin activity resurging (e.g., SEED_WANDERIN_JIMZIP900:WIF , SEED_DONKEYDAN_MARKET_CAP:BONK ecosystem) Institutional flow picking up (Grayscale SOL trust rallying) SOL remains one of the fastest L1s with growing developer traction
Long
by tradeflowadvisors
SOL/USDT – Potential Final Leg Down Before Major RallyBINANCE:SOLUSDT 🚀📉🔁 We are likely approaching one of the final moves down before a significant push higher. But before that, I expect one last move up to the $142 area, forming what I believe is a Red ABC corrective structure. 🔴 Red Wave A-B-C Red Wave A has likely already completed, confirmed by a clean White ABC move. We are now inside Red Wave B. ✅ Ideal Long Entry Zone The ideal entry would be near the 88.7% Fibonacci retracement, which aligns with Green Wave B around $119.4. From that level, I expect a drop down toward $100, completing Red Wave B. 🔄 What Comes After? From the $100 zone, two possible scenarios for Red Wave C (or Wave 1 of a new impulse): A 1-2-3-4-5 impulsive wave structure to the upside Or a corrective A-B-C structure We’ll need to carefully watch the first move out of the $100 zone: A 5-wave move would suggest a new bullish impulse has begun A 3-wave move might just be a larger corrective rally 🎯 Upside Target: $142 Once we hit $142, I anticipate another corrective move downward. This could take the form of: A clean ABC A complex correction (A-B + 1-2-3-4-5) Or even a direct impulsive 5-wave drop Again, the key is watching the first leg down from $142 – whether it's impulsive or corrective will define the entire next phase. ⚠️ Summary: Current focus: Entry near $119.4 (88.7% Fib), targeting $142 Caution: Expect volatility – structure will only become clear wave by wave Watch: Reactions at $100 and $142 for structure confirmation Let me know what you think below! Like & follow if you enjoy deep EW breakdowns!
Long
by ElliotXSolana
Elliott Wave Analysis 🔹 Wave Structure: The chart shows a clear corrective structure unfolded, currently developing as a complex correction (likely WXY or an ABC): Wave A: Strong impulsive move to the downside Wave B: Ongoing corrective rally (possibly a flat or zigzag) Wave C (anticipated): Final downward leg yet to unfold 🟩 A green target box marks the potential end zone of the correction, aligning with a horizontal support level around 85.35. 📊 Indicators: 🔸 MACD: Currently showing a bullish crossover (MACD line above the signal line) → supports the idea of a temporary B-wave rally. Momentum is not very strong → another hint that the move might be corrective, not impulsive. Watch for a bearish crossover as a possible trigger for the start of Wave C. 🔸 RSI: RSI is recovering from lower levels, signaling short-term strength. No overbought condition yet → allows more room for the B-wave to extend. Key Watch: If RSI enters overbought territory while MACD turns down, it could mark the start of the C-wave drop. 🎯 Summary & Outlook: We are likely in the final phase of Wave B. Expectation: One last downward move in Wave C towards the green zone. That area could offer a strong long opportunity, but only after clear confirmation (e.g., divergence, impulsive reversal, rising volume). 📌 Potential Strategy: ❌ No long entries yet – risk of another drop in Wave C. 🔔 Set alerts around 85–60 – monitor for reversal signs. 📈 Upon confirmation: potential entry for the next larger impulsive wave.
Long
by ElliotXSolana
SOL preppin for a 300 revisit from this 100 bargain zone. SEED!SOL has been on rollercoaster ride the past few months -- going from 100 to almost 300 in a zoom when the market is at its peak. Moreso, when memes started taking over the market and everyone, including the president himself is launching one on SOL blockchain, market started pickup up pace and eliciting euphoria among all, albeit momentarily. It has stirred up some hype and frenzy skyrocketing prices only to be met with so much saturation and gravity, then the BIG BLEED happens. After a few weeks thing seem to have settled down -- a shift is gradually transpiring as we speak. SOL is now exhibiting some basing behavior at this current range at 100 levels. Net longs has started to pile up around this zone conveying a prep work of upside reversal soon. Long term metrics suggests a tap at 61.8 FIB levels - a buyers convergence zone. This is where it all starts. Ideal seeding is at the current discounted price range. Spotted at 110 Mid target 300. Long term 500. TAYOR. Trade safely.
Long
by JSAL
3
Janover Stock Spike 1100% After Completing First Solana PurchaseJanover (NASDAQ: NASDAQ:JNVR ) has invested over $9.6 million into Solana (83,000+ SOL) as part of a new digital asset treasury strategy, with plans to stake its holdings and run validators to generate onchain revenue. The move follows a $42 million funding round and has triggered a 1,100% surge in Janover’s stock price as the company positions itself as a transparent, publicly traded vehicle for crypto exposure. The company bought $4.6 million of Solana’s SOL token on Thursday. Earlier this week, Janover announced that it raised $42 million through the private offering of convertible notes and warrants, with plans to acquire SOL. Janover shares were last higher by more than 64%, after skyrocketing more than 1,100% earlier in the day. “Our aim is to be the most efficient and transparent vehicle for crypto accumulation in the public markets,” Janover CEO Joseph Onorati said in a statement Thursday. “Executing our first SOL purchase within days of completing our restructuring reflects that commitment.” Janover, a software company founded in 2018, on Monday announced a new crypto-focused treasury management strategy after a team of former executives from the popular Kraken crypto exchange acquired majority ownership of the firm. It also plans to change its name to DeFi Development Corporation and revise its ticker symbol. As of the time of writing, the stock is up 13.88% with the RSI at 58.77 there could be room for more bullish campaign. Similarly, the 45 -minute price chart depicts a cup formation with the handle still forming- this is typically identified as a bullish pattern.
JLong
by DEXWireNews
Solana Surges Nearly 8% As Janover Pivots to Solana Treasury The price of Solana ( CRYPTOCAP:SOL ) famously known as the ethereum killer has surged nearly 8% today as Commercial property platform Janover pivots to Solana treasury strategy, stock surges 1,100% as investors rush in prior the news. Janover has invested over $9.6 million into Solana (83,000+ SOL) as part of a new digital asset treasury strategy, with plans to stake its holdings and run validators to generate onchain revenue. The move follows a $42 million funding round and has triggered a 1,100% surge in Janover’s stock price as the company positions itself as a transparent, publicly traded vehicle for crypto exposure. Solana has lost grip of the $120 pivot for the past 2 weeks, but reclaimed the zone today currently trading at $120.54 per $SOL. The daily price chart shows Solana has been trading within an enclose rectangular zone with the Resistant and support points slightly above each other. For Solana, a break above the $170 zone could pave way for a move to the $200- $270 zone. Similarly, a break below the $100 zone could be catastrophic for Solana. However, the RSI shades a bit of a light at the end of the tunnel as it stands at 47, which is prime for a reversal.
COINBASE:SOLUSDLong
by DEXWireNews
1
Solana Update: To Buy Or Not To Buy? Hold Or Sell?Here is an update on Solana. The chart has the same numbers as before but the support line has been moved to match the 5-August 2024 low. The action is happening right above this level. While Solana trades above its August 2024 low, the action is considered bullish. Below this level and we are certainly bearish. Being bearish in this way does not change the long-term outlook, bias and perspective, we are set to grow long-term based on a broader trend and bigger cycle. This is a closer look. The low in April is a shy lower low compared to March. This is always important. Notice the steep decline. This is a bearish impulse, prices tend to move down fast and strong. When bearish momentum starts to die down, we see patterns like the one we have on the chart above. Some shaky action and then a lower or higher low. The market (SOLUSDT) is preparing to change course. The correction is present since November 2024. For Solana, the higher high in January 2025 is part of a complex correction, an extended flat. 3-3-5 wave in Elliott terms. This is irrelevant. The point is that once the correction is over prices tend to grow. Consider this, between June and September 2024 we have more than three months of consolidation. The market garnered enough strength to produce a bullish wave. It took a while but it happened. Then there is a correction and this bullish wave was erased by more than 100%. If buyers showed up at a price of $100, $120, $130 and even $150 in the past, they can definitely show up again. Now that the bullish move has been erased, we are back to square one, the starting point, the base; from this point forward Solana can grow again. Solana looks weak right now on the very, very short-term. But do not let this deceive you, we are going up next. Focus on the long-term. Accumulation can be done each time prices hit support. What happens if I buy and prices move lower? Wait patiently. If you have capital available, buy more. And if it drops again? Keep waiting, continue buying. You will be happy with the results once the market turns. Thank you for reading. Patience is absolutely key. If you didn't sell at $290, $280 or $250, why would you sell when prices trade at $100? It makes no sense. Buy when prices are low and hold. Only sell when prices are moving higher. Namaste.
Long
by MasterAnanda