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Solanaanalysis

Solana: Below ResistanceOur primary scenario for Solana is that the coin is already close to the top of the green wave 4. Therefore, we expect a bearish trend reversal below the resistance at $192.33, followed by a move toward our blue Target Zone (coordinates: $56.56 – $29.87) with the green wave 5. Down there, we see an opportunity for long trades with the low of the blue wave (ii), which should be followed by a fresh upward impulse. According to our alternative scenario (probability: 38%), however, we may have already seen the low with wave alt.(ii) in blue prematurely. To validate this alternative scenario, the price would have to rise directly above the resistance at $192.33 from here and extend the blue wave alt.(iii) .
BINANCE:SOLUSD
by MarketIntel
Open long when this happens...My bias for Solana is very bullish.   But the current price set up is very similar to April 2022 when the price started to have a major downside move.  (See blue vertical line in the chart) Similarities between April 2022 and today's chart set up in the daily chart: 1) The price moved from the peak (Historical all time high) to trough in the descending parallel channel over four months. 2) The price finally moved out of the the channel and decisively moved up to the major support resistance line (see red horizontal line)  3) Both RSI and MACD have moved way above the overbought territory and the lines are crossed to the downside.  4)  EMA21 has crossed above EMA 55, but the EMA200 is still above EMA21 and 55.5) The price has moved and closed above all EMAs but it is pulling back.   I have already finished spot buying at a much lower price point, but I am now looking for a long trading opportunity if the parabolic run is going to happen.  The set-ups for a long trade that I am waiting for are: 1)  EMA 22 and EMA 55 are to move above EMA 200. 2) The price to pull back to EMAs and move up and close above EMA 21. 3) RSI and MACD to come back to at least 0 if not below 0 and start to move to the upside.   The set up where the orange vertical line in the chart is a good example of a sort of entry set up described above.  
COINBASE:SOLUSDLong
by EbonyFalcon
Solana (SOL) Rallies Above $162 Zone: Technical and FundamentalSolana (SOL) Rallies Above $162 Zone: A Technical and Fundamental Analysis of Its Path to $180 and Beyond Solana (SOL), the high-performance blockchain network known for its lightning-fast transactions and scalable infrastructure, has once again captured the attention of cryptocurrency markets. After a fresh surge above the $162 psychological level, SOL price has entered a consolidation phase near $175, hinting at a potential breakout toward $180 and even $200. This article delves into the technical indicators, fundamental catalysts, and market sentiment driving Solana’s recent rally, while offering a balanced perspective on its short- and long-term prospects. Technical Analysis: Rising Channel and Key Resistance Levels 1. Recent Price Action and Consolidation Phase Solana’s price trajectory in recent weeks has been marked by volatility, but the broader trend remains bullish. On , SOL initiated a fresh upward move above the $155 and $162 zones, fueled by renewed investor confidence and macroeconomic tailwinds. The rally, however, faced resistance near $165, causing a temporary pullback. SOL is trading near $175, consolidating gains after a 22% intraday surge. This consolidation phase aligns with the formation of a short-term rising channel on the hourly chart (data sourced from Kraken), with immediate support at $172. The channel’s upper boundary currently resides near $176, a critical resistance zone that, if breached, could trigger a fresh rally toward $180 and beyond. 2. Key Technical Indicators • 100-Hourly Simple Moving Average (SMA): SOL price is currently trading below the 100-hour SMA, suggesting short-term bearish sentiment. However, a close above this level could signal a resumption of the uptrend. • Relative Strength Index (RSI): The RSI on the hourly chart hovers near 50, indicating neutral momentum. A move above 60 would confirm bullish dominance. • Volume Profile: Recent price spikes have been accompanied by elevated trading volumes, reinforcing the strength of the rally. 3. Bullish Scenario: Breaking $176 and Targeting $180 If Solana successfully clears the $176 resistance, the next immediate target would be the $180 psychological level, which coincides with the 200-day moving average. Analysts note that a sustained close above $180 could open the door to $200, driven by momentum traders and institutional inflows. 4. Bearish Scenario: Support at $172 and $165 Conversely, a breakdown below $172 would invalidate the rising channel pattern, exposing the $165 support zone. Further weakness could retest the $155 level, though this outcome appears less likely given the current bullish momentum. ________________________________________ Fundamental Drivers: 1inch Integration and Memecoin Frenzy 1. 1inch Network Integration: A Catalyst for Growth One of the key fundamental catalysts behind Solana’s rally is its integration with 1inch Network, a decentralized exchange (DEX) aggregator and liquidity protocol. This partnership enhances Solana’s ecosystem by: • Improving Liquidity: 1inch’s aggregation algorithms optimize trade execution on Solana-based DEXs, attracting traders and liquidity providers. • Expanding Use Cases: The integration enables seamless cross-chain swaps, positioning Solana as a hub for multi-chain DeFi activity. • Boosting Developer Activity: Increased infrastructure support could accelerate the launch of new decentralized applications (dApps) on Solana. 2. Memecoin Surge: The Role of Speculative Capital Solana has emerged as a preferred platform for memecoin launches, driven by its low transaction fees and high throughput. Projects like SEED_DONKEYDAN_MARKET_CAP:BONK and NASDAQ:WEN have gained viral traction, drawing retail investors and creating a “fear of missing out” (FOMO). This speculative frenzy mirrors Ethereum’s memecoin boom in 2021–2022, with Solana’s faster and cheaper network offering a competitive edge. 3. Institutional and Retail Adoption • Institutional Interest: Grayscale and other asset managers have added Solana to their crypto investment products, signaling growing institutional confidence. • Retail Participation: On-chain data reveals a surge in small-cap wallet creations, indicating grassroots retail adoption. ________________________________________ Market Sentiment and Analyst Predictions 1. Bullish Outlook from Analysts Technical analysts and on-chain experts have highlighted several factors supporting Solana’s bullish case: • Accumulation by Whales: On-chain analytics firm Santiment reported a spike in large whale transactions, suggesting institutional accumulation. • Network Activity Metrics: Solana’s daily active addresses and transaction volume have surged to 3-month highs, reflecting heightened network usage. • Rare Chart Pattern: A “cup-and-handle” pattern on the daily chart implies potential for a 30–40% rally if resistance at $180 is cleared. 2. Skepticism and Risks Critics argue that Solana’s rally is overextended, citing: • Overbought RSI on Weekly Charts: The RSI currently resides near 75, signaling overbought conditions that could precede a correction. • Competitive Pressure: Ethereum’s Layer 2 solutions (e.g., Arbitrum, Optimism) and rivals like Sui and Aptos continue to challenge Solana’s market share. • Regulatory Risks: The SEC’s ongoing crackdown on crypto exchanges and tokens could dampen investor sentiment across the sector. ________________________________________ Future Projections: Path to $200 and Beyond 1. Short-Term Target: $180–$200 If Solana sustains its rally above $176, the next resistance zones to monitor are: • $180: Psychological barrier and 200-day SMA. • $190: Fibonacci extension level from the recent rally. • $200: Historical resistance-turned-support from late 2023. 2. Long-Term Potential: $300+ in Q4 2024 Bullish scenarios envision SOL reaching $250–$300 by year-end, driven by: • Spot SOL ETF Approvals: Regulatory greenlights in the U.S. could unlock billions in institutional inflows. • AI and Web3 Integration: Solana’s partnership with AI projects (e.g., ChatGPT integration on Solana-based apps) could drive mainstream adoption. • Bitcoin’s Bull Run: A broader crypto market rally, spurred by Bitcoin’s potential breakout above $80,000, would likely lift Solana’s price. ________________________________________ Risks and Challenges 1. Market-Wide Volatility Cryptocurrencies remain highly correlated with macroeconomic factors, including U.S. interest rates and equity market performance. A sudden Federal Reserve pivot toward hawkish policy or a stock market crash could trigger a sector-wide sell-off. 2. Network Downtime and Security Risks Solana has experienced periodic network outages and congestion during high demand. While the team has addressed these issues through upgrades, any future disruptions could erode trust. 3. Regulatory Uncertainty The SEC’s classification of SOL as a security (vs. commodity) remains unresolved. Adverse regulatory rulings could impose restrictions on trading and staking. ________________________________________ Conclusion: Is Solana a Buy Ahead of the Next Leg Up? Solana’s recent rally above $162 and consolidation near $175 underscores its resilience and growing appeal among traders and developers. Technical indicators, coupled with fundamental catalysts like 1inch integration and memecoin adoption, paint a bullish picture for SOL’s trajectory toward $180 and $200. However, investors must remain cautious of overbought conditions, competitive pressures, and regulatory risks. For those considering exposure, a dollar-cost averaging (DCA) strategy could mitigate volatility risks, while close monitoring of on-chain metrics and macroeconomic trends will be critical. As with all investments in crypto, thorough research and risk management are paramount. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and speculative. Always consult a qualified professional before making investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
1
Solana Price Target: Expert Predicts $180–$200 BreakoutSolana Price Target: Expert Predicts $180–$200 BreakoutSolana (SOL), one of the most prominent blockchain platforms in the cryptocurrency market, has been on a tear recently, with its price rallying significantly. As of today, Solana’s bullish momentum has caught the attention of investors and analysts alike, with many predicting a breakout to the $180–$200 price range. This optimistic outlook comes on the back of strong technical indicators, increasing adoption, and improving fundamentals. In this article, we’ll explore the key factors driving Solana’s price rally, analyze expert predictions, and assess whether SOL can sustain its upward trajectory to hit the $200 mark. ________________________________________ Solana’s Recent Rally: A Snapshot Solana has seen a remarkable recovery in recent weeks, with its price climbing steadily after periods of consolidation and minor corrections. The blockchain platform, known for its high-speed transactions and low fees, is once again making waves as it captures investor interest. Key Highlights of the Rally: 1. Price Momentum: Solana’s price surged by over 30% in the last week, breaking past key resistance levels and positioning itself for further gains. 2. High Trading Volumes: The rally has been accompanied by a significant increase in trading volumes, indicating strong market participation. 3. On-Chain Activity: Solana’s on-chain activity has also spiked, with rising transaction counts and growing usage of decentralized applications (dApps) on its network. These developments underscore the growing confidence among investors and the sustained demand for Solana’s ecosystem. ________________________________________ What’s Driving Solana’s Price Surge? The ongoing rally in Solana's price is being fueled by a combination of technical, fundamental, and macroeconomic factors. Let’s take a closer look at these drivers: 1. Strong Technical Indicators Technical analysis suggests that Solana’s price is in a bullish breakout phase. Analysts have pointed to several key technical patterns that support the prediction of a move toward $200: • Ascending Triangle Pattern: Solana’s price chart shows an ascending triangle formation, a bullish continuation pattern that typically signals a breakout to higher levels. • Support and Resistance Levels: SOL recently broke through the $150 resistance level, which had previously acted as a key barrier. With this resistance now flipped into support, the path to $180–$200 becomes more feasible. • Moving Averages: Solana’s price is trading well above its 50-day and 200-day moving averages, a classic bullish signal that indicates strong upward momentum. 2. Ecosystem Growth Solana’s ecosystem has been expanding rapidly, with an increasing number of developers and projects choosing its blockchain for their applications. Key areas of growth include: • DeFi Expansion: Solana has become a hub for decentralized finance (DeFi) projects, with platforms such as Raydium, Serum, and Marinade gaining traction. • NFT Boom: The Solana blockchain has also emerged as a major player in the non-fungible token (NFT) space, hosting popular marketplaces like Magic Eden and SolSea. • Gaming and Web3: Solana’s high-speed, low-cost infrastructure makes it an ideal platform for blockchain-based gaming and Web3 applications. This growing ecosystem contributes to increased demand for SOL tokens, driving up their value. 3. Institutional Interest Institutional investors have been steadily increasing their exposure to Solana. This trend is evident from the inflows into Solana-based investment products and the growing number of hedge funds and venture capital firms backing Solana projects. Notably, Solana’s ability to process thousands of transactions per second at a fraction of the cost of Ethereum has made it an attractive alternative for institutional use cases. 4. Favorable Market Conditions The broader cryptocurrency market has also been in a recovery phase, with Bitcoin, Ethereum, and other major cryptocurrencies rallying. This positive market sentiment has spilled over into Solana, amplifying its price gains. Additionally, the macroeconomic environment—characterized by easing inflation concerns and renewed interest in risk assets—has created a conducive environment for cryptocurrencies to thrive. ________________________________________ Expert Predictions: $180–$200 Breakout Several experts and analysts have weighed in on Solana’s price trajectory, with many predicting a move to $180–$200 in the near term. Here are some of the most notable predictions: Technical Analysts See Bullish Patterns Prominent cryptocurrency analysts have pointed to bullish technical patterns that suggest Solana could soon reach $200. For instance: • Ascending Triangle Target: Based on the ascending triangle pattern, the measured move suggests a price target of $190–$200. • Fibonacci Retracement Levels: Analysts using Fibonacci retracement levels have identified $180 and $200 as key levels of interest. Institutional Analysts Eye $200 Institutional analysts have also expressed optimism about Solana’s price potential. A recent report by a leading investment firm highlighted the following factors supporting a $200 price target: • Increasing adoption in the DeFi and NFT sectors. • Strong developer activity on the Solana blockchain. • Growing institutional inflows into Solana-based products. Community Sentiment The Solana community remains highly bullish, with many investors and enthusiasts sharing optimistic price targets on social media platforms. This positive sentiment often serves as a self-reinforcing mechanism, attracting more buyers and driving up the price. ________________________________________ Challenges and Risks While the outlook for Solana appears promising, it’s important to consider the potential challenges and risks that could impact its price trajectory: 1. Competition from Ethereum and Layer-2 Solutions Ethereum’s transition to Proof of Stake (PoS) and the rise of Layer-2 scaling solutions like Arbitrum and Optimism could pose challenges to Solana’s market share. These competitors are addressing scalability issues, reducing the competitive advantage that Solana has traditionally enjoyed. 2. Network Outages Solana has faced criticism for network outages in the past, which have raised concerns about its reliability. Any future outages could undermine investor confidence and slow adoption. 3. Regulatory Uncertainty The cryptocurrency market remains highly sensitive to regulatory developments. Unfavorable regulations targeting DeFi, NFTs, or blockchain technology could negatively impact Solana and the broader market. 4. Market Volatility Cryptocurrencies are inherently volatile, and Solana is no exception. While the current rally is encouraging, sharp corrections are always a possibility, particularly if external factors such as macroeconomic events or market sentiment shift. ________________________________________ Can Solana Sustain Its Momentum? For Solana to sustain its momentum and achieve the $200 price target, several factors need to align: • Continued Ecosystem Growth: Solana must maintain its position as a leading platform for DeFi, NFTs, and Web3 applications. This requires ongoing innovation and developer support. • Institutional Adoption: Increased participation from institutional investors will be critical to sustaining demand for SOL tokens. • Positive Market Sentiment: The broader cryptocurrency market needs to remain in a bullish phase, providing a favorable backdrop for Solana’s price growth. • Resolving Network Issues: Addressing concerns about network reliability and scalability will be key to maintaining investor confidence. ________________________________________ Conclusion Solana’s recent rally and the expert predictions of a $180–$200 breakout highlight the growing confidence in its ecosystem and price potential. Driven by strong technical indicators, ecosystem expansion, institutional interest, and favorable market conditions, Solana appears well-positioned for further gains. However, challenges such as competition, network reliability, regulatory risks, and market volatility remain. Investors should approach Solana with cautious optimism, balancing the bullish outlook with an awareness of the risks involved. As Solana continues its upward trajectory, the $200 milestone could mark a significant achievement for the blockchain platform, solidifying its status as one of the leading players in the cryptocurrency space. Whether this rally leads to sustained growth or faces temporary setbacks, one thing is clear: Solana’s growing ecosystem and innovative technology make it a force to be reckoned with in the world of blockchain and decentralized applications.
COINBASE:SOLUSDLong
by bryandowningqln
Breaking: $TRUMP Set to Go Parabolic Amidst Golden Cross PatternThe price of Trump coin is set to go parabolic with an anticipated 120% surge on the horizon amid forming a golden cross pattern- a pattern formed when the 50-day MA crosses above the 200-day MA resorted to a trend reversal. Further solidifying the bullish thesis is the fact that $TRUMP coin has broken a bullish pennant earlier on surging 70% for the past 5 days. With the RSI at 46 and the anticipated Trump’s private dinner for TRUMP $TRUMP token holders, this Polit-Fi memecoin on Solana could be the catalyst for the next bull run. While already down 9% for the past 24 hours, this is a market shake-off to, accumulate liquidity for the big pump up. However, should $TRUMP coin experience selling pressure, the possible retracement level will be the $11.55 support pivot. OFFICIAL TRUMP Price Data The OFFICIAL TRUMP price today is $13.69 USD with a 24-hour trading volume of $1,162,628,325 USD. OFFICIAL TRUMP is down 9.58% in the last 24 hours. The current CoinMarketCap ranking is #35, with a market cap of $2,738,579,157 USD. It has a circulating supply of 199,999,397 TRUMP coins and a max. supply of 999,999,993 TRUMP coins.
Long
by DEXWireNews
Breaking: Goatseus Maximus ($GOAT) Spike 30% TodayGoatseus Maximus ( MIL:GOAT ) The First meme created by truth_terminal has spiked 30% today reclaiming the $70 million market cap. Goatseus Maximus ( MIL:GOAT ) a memecoin on the Solana ecosystem has seen a notable uptick of 30% today amidst a bullish momentum. Since listing, MIL:GOAT has seen a notable surge of 1,800% before sharply retracing losing about 97% of market value albeit listed on big CEX like OKX, Bybit, Gateio, etc. With growing momentum and the RSI at 65, these metrics are pointing to an impending breakout should MIL:GOAT hold the bears at this point, without dipping below the current support pivot, MIL:GOAT might just be on the cusp of a breakout. Goatseus Maximus Price Data The Goatseus Maximus price today is $0.077686 USD with a 24-hour trading volume of $111,333,197 USD. Goatseus Maximus is up 21.09% in the last 24 hours. The current CoinMarketCap ranking is #399, with a live market cap of $77,685,698 USD. It has a circulating supply of 999,993,519 GOAT coins and a max. supply of 1,000,000,000 GOAT coins.
RAYDIUM:GOATSOL_9TB2OH.USDLong
by DEXWireNews
Solana: More RoomSolana’s countermovement of the green wave 4 has some more room on the upside. Once the wave-4-top is established (below the resistance at $192.33), we primarily anticipate a wave 5 sell-off down into the blue Target Zone on the downside (coordinates: $56.56 – $29.87). In this range, the wave (ii) corrective movement should conclude, and the altcoin should start the next sustainable upward impulse. However, if the price rises above the mentioned $192.33 mark during the current upward movement (36% likely), this will suggest that the low has already formed via wave alt.(ii) in blue.
BINANCE:SOLUSD
by MarketIntel
1
$136 Resistance Crumbles: Solana Bulls Take the Lead...Solana Breaks Key Resistance – Eyes Set on $150 and $180 Targets Solana (SOL) has successfully broken through the strong resistance level at $136 after several failed attempts, signaling a potential continuation of its current uptrend. This breakout marks a significant technical milestone for SOL, which had previously struggled to maintain momentum above this price zone. If Solana is able to hold above the $136–$137 level, it could open the door for further gains, with short- to mid-term price targets around $150 and $180. The breakout aligns with broader bullish sentiment in the crypto market and may attract new buyers looking to ride the trend. For traders or investors interested in entering a position, the $136–$137 range could offer a potential entry point, provided the breakout holds and is supported by volume. As always, proper risk management is recommended, and watching for confirmation on the next few candles could be key.
Long
by Kartik_Elkunchwar
2
Solana SOL Reveals The Manipulator's Plan!Hello, Skyrexians! It's time to update BINANCE:SOLUSDT analysis. We have already told about Solana dump when price was next to $300 where told about $110 and as usual did not count last wave, but anyway bounce from this area was anticipated. What is next? Recent top was the wave 5 of higher degree, we have shown it many times, today no need to do it again. Now asset is in ABC correction. Wave A was 5 waves shaped. Last wave has been finished with the green dot on the Bullish/Bearish Reversal Bar Indicator and now we are in the wave B. It has the target at 0.5-0.61 Fibonacci which is somewhere next to $200. From there we expect the huge crash below $90 in the wave C. Solana potential dump is not cancelling potential altseason on OTHERS.D because it's in top-10 crypto cap assets. May be it's time to transfer money from overvalued SOL to undervalued crypto? Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
4
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 $120, reinforcing bearish pressure. The ETF launch could become a catalyst for either outcome, depending on how the market reacts to the new inflows. At present, Solana continues to trade just below the critical threshold, awaiting a decisive move as April 16 approaches.
CRYPTO:SOLUSDLong
by DEXWireNews
Breaking: Purple Pepe ($PURPE) Is Gearing Up For BreakoutPurple pepe ($PURPE) One of the OG Pepe coins on Solana. Originally created July 2023, the token sat dormant on the blockchain. A year later, liquidity was added and trading went live. The memecoin is now gearing up for a breakout once it breaks the $0.000046 psychological resistant zone, a 60% price surge is feasible with increasing momentum as hinted by the RSI at 54.72. The crypto market is still volatile with CRYPTOCAP:BTC swinging in between the $80,000 - $85,000 support points. The memecoin hype is moderate now, most especially the Solana memecoinomy but the price of CRYPTOCAP:SOL has taken a deja vu lately, surprising the crypto market by reclaiming the $130 pivot point. Should CRYPTOCAP:SOL undergo a bullish continuation pattern, this same momentum might dissipate to the Purple pepe ($PURPE) coin and not only $PURPE coin, but almost all the coins in the Solana ecosystem. However, On a bearish tone, if $PURPE should fail to pull the bullish stunt, there is a possibility of a break below the $0.000035 support point which will negate the bullish thesis previously given as it will resort to massive selling spree. Purple Pepe Price Live Data The live Purple Pepe price today is $0.000041 USD with a 24-hour trading volume of $788,837 USD. Purple Pepe is down 4.21% in the last 24 hours. With a live market cap of $17,071,104 USD. It has a circulating supply of 417,213,801,892 $PURPE coins and a max. supply of 420,690,000,000 $PURPE coins.
CRYPTO:PURPEUSDLong
by DEXWireNews
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 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
$DAKU Set for A 50% Surge Amidst Bouncing From Support Point Der Daku ($DAKU) a token created and deployed on the Solana blockchain from the pump.fun platform has graduated from a bonding curve and transition to Raydium a DEX on the Solana ecosystem is set to break with an estimated 50% surge. The asset is trying to find support in the $0.045 pivot. Should $DAKU consolidate from that point, a breakout is imminent without major CEX listings and a thriving community with about 19300 members on Telegram and about 1039 followers on X. This Dog-themed memecoin on Solana ecosystem could be the next big thing with the RSI at 44.52 this only proffers more room for a breakout albeit the crypto market is highly volatile. The $0.07 pivot is acting as a resistant point should buyers break above this point, $DAKU will be setting course for a new all time high price.
RAYDIUM:DERDAKUSOL_DTAGDC.USDLong
by DEXWireNews
SOL Trade Plan: Daily Support, Liquidity Grab & Trade Idea.Solana (SOL) is currently navigating a challenging market environment, with broader sell-offs across the crypto space weighing heavily on its price action. On the daily and 4-hour timeframes, SOL has traded into a significant support zone, marked by previous swing lows. This area has historically acted as a magnet for buyers, but the recent dip below these levels suggests a liquidity grab is underway. This move has likely triggered sell stops sitting below the lows, creating the potential for a reversal as smart money steps in. ⚡ Zooming into the 15-minute timeframe, SOL is consolidating within a tight range, reflecting a period of indecision. This range-bound behavior often precedes a breakout, and a bullish break above the range could signal the start of a recovery. A shift in market structure—marked by higher highs and higher lows—would provide further confirmation of bullish intent. Key Insights: Daily Timeframe: SOL has dipped below key support levels, sweeping liquidity. 4-Hour Timeframe: Price is overextended, trading into a critical demand zone. 15-Minute Timeframe: Consolidation within a range, awaiting a breakout for directional clarity. Trading Plan: Patience is Key: Wait for SOL to break out of the 15-minute range to the upside. 🚀 Market Structure Confirmation: Look for a clear shift to bullish market structure (higher highs and higher lows). 📊 Entry Strategy: Enter long positions after confirmation, with a stop-loss placed below the range low. 🛡️ Profit Targets: Focus on resistance levels on the 4-hour and daily timeframes for potential take-profit zones. 🎯 Levels to Watch: Support Zone: Previous daily swing lows, now acting as a liquidity zone. Resistance Zone: The upper boundary of the 15-minute range and key levels on the 4-hour chart. This setup highlights the importance of waiting for confirmation before entering a trade. While the liquidity grab below support is a promising signal, a breakout and bullish structure are essential to avoid false moves. As always, this is not financial advice—traders should conduct their own analysis and manage risk appropriately. ⚠️
by fxtraderanthony