Solana SOL Will Bounce, But Then Scam!Hello, Skyrexians!
Couple of weeks ago we told you that BINANCE:SOLUSDT will reach $110 in the wave 5 inside the major wave A. You can find this analysis here . Exactly from this zone we have seen the bounce. This bounce is a major correction and those who listen this analysis could already be in the great profit. But anticipated bounce is not the bull run continuation and finally Solana will drop hard because its era is finished.
Let's take a look at the weekly time frame. Here we can see that 5 Elliott waves with the Awesome Oscillator's divergence. After that the major correction has been started. Wave A has been finished at $110 with the green dot at the Bullish/Bearish Reversal Bar Indicator and now we will see wave B, which will reach the Fibonacci 0.5 approximately at $200. From there we will see the scam drop in wave C. It will likely break the major Fibonacci 0.61 support. In this case game is over and Solana can fall for a years or even scam.
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Skyrexio Team
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Solanausdt
$PWEASE Coin surged 29% Today Amidst Falling Wedge Pattern$PWEASE coin built on the solana blockchain, created on the Pump.fun platform graduated from a bonding curve and is making waves surging 29% for the past 24 hours with eyes set on a 100% surge amidst 2 consecutive falling wedge patterns identified on the chart.
With the RSI at 54.43 this gives more room for $PWEASE to capitalize on the wedge and pick momentum up. If this move should materialize, $PWEASE is set to break the recent All time high of $0.03884.
Pwease Price Live Data
The live Pwease price today is $0.028897 USD with a 24-hour trading volume of $31,547,475 USD. Pwease is up 29.32% in the last 24 hours, with a live market cap of $28,895,321 USD. It has a circulating supply of 999,926,221 PWEASE coins and a max. supply of 1,000,000,000 PWEASE coins.
Breaking: Solana Tanking HardSolana often referred to as the Ethereum killer is tanking hard albeit Bitcoin also dipped to the $79k zone. Designed to facilitate decentralized app (DApp) creation, aiming to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of a blockchain, SOL has been building a scalable network with massive growth noticeable in its ecosystem.
With Selling pressure increasing, Solana could be on the brink of a massive selling spree with support pegged to the $110-100 pivot points.
However, should Solana bounced back and break pass the 78.6% Fibonacci retracement point, a trend reversal is inevitable. With the RSI at 35, a little shift to a 45 point in RSI could be all what Solana needs to catalysed a bullish breakout.
Solana Price Live Data
The live Solana price today is $124.43 USD with a 24-hour trading volume of $4,578,943,167 USD. Solana is down 6.54% in the last 24 hours, with a live market cap of $63,337,175,317 USD. It has a circulating supply of 509,018,387 SOL coins and the max. supply is not available.
The Era Of Solana SOL Has Been Finished Hello, Skyrexians!
BINANCE:SOLUSDT is the best altcoin of 2023-2024 years because it made 30x from the bottom even on the fake bull run in crypto. This bull run was fake because the true bull run is possible only on DXY dump, but this time Bitcoin and Solana has been growing parallel with the Dollar Currency Index. These assets absorbed all liquidity of the crypto market and on the true bull run it will give it back.
The technical picture is very ugly. Recently we pointed out that Solana has completed the 5 waves cycle and now it's printing ABC correction. Wave A now is in progress and it consists of 5 waves as well. Looking at AO and Fibonacci we can conclude that now asset is finishing the wave 5 which has a target at $110. There we need to see green dot on the Bullish/Bearish Reversal Bar Indicator From there we expect bounce to $200 in the wave B and after that the bear market continuation to targets somewhere below $100.
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Skyrexio Team
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SOLANA: watch out for $160 & $174 zonesSOLANA: watch out for $160 & $174 zones.
The first-ever White House crypto summit hosted by President Donald J. Trump will likely act as a catalyst to pump crypto/Solana in the interim.
$160 may be achieved before or on that day. Also, there is the possibility of this asset hitting $174 to $180.
Trade with care as the whole markets are volatile.
WEN Set For a Breakout Amidst Falling Wedge PatternBuilt on the Solana Ecosystem NASDAQ:WEN seems to be enroute of a bullish reversal amidst a falling wedge pattern. The falling wedge was largely attributed by the overall cool off of the crypto currency landscape with CRYPTOCAP:BTC seeing a major dip from $95k down to $85k.
For NASDAQ:WEN , the asset might further dip to the base of the wedge formed as seen in the chart depicted above before picking liquidity up and surging towards greater highs.
What is WEN
Wen is culture. Wen is a movement. Wen is the internet’s cutest cat and the heart of a growing global phenomenon. More than a brand, Wen is on a mission to become one of the world’s most iconic and beloved IPs.
Wen started as a free airdrop to 1M+ recipients to give back. There were zero influencers, whales, or insiders involved and each recipient received the exact same amount - this made Wen the fairest and widest distributed airdrop ever on Solana. Emphasizing Wen is a coin for the people.
SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move.
🔹 Elliott Wave Analysis & Bullish Scenario
If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting:
✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance)
✅ $180-$195 (0.382 Fib & major supply zone)
✅ $220+ (Wave 3 extension target)
🔻 Bearish Scenario – Extended Correction?
If SOL fails to break $150, it could indicate that the correction is not yet over, leading to:
❌ Retesting $130 support
❌ Possible extended correction towards $113-$100 (1.272 Fib extension)
📌 Key Level to Watch:
🔹 A break & close above $150 signals bullish continuation.
🔹 A rejection could mean further downside.
📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
SOLANA is struggling with 2021 ATHSOLANA is struggling with 2021 ATH.
In 2021, we saw TRADENATION:SOLANA hit $160 zone. If you zoom in on your chart like mine, you will realise why this baby is fighting tooth and nail to break that barrier.
It has pushed above that $260 zone X3 but has been closing below.
Should we expect this asset to fall back to the $222 zone?
My thoughts are on my chart.
Trade with care
Solana (SOL) Holding Strong – Can It Reclaim $200?Solana (SOL/USDT) is currently testing a critical support zone around $140, aligning with a long-term ascending trendline that has provided strong support in previous market cycles. The 50-week EMA ($168.03) is also acting as dynamic resistance, making this an important decision point for the market.
The recent pullback from resistance at the previous ATH zone suggests some profit-taking, but if SOL can hold this key support level, a bullish reversal could follow, pushing prices back toward $200+ in the coming weeks.
However, a break below $140 could lead to a deeper retracement toward the trendline support around $100-$120.
Solana (SOLUSDT) is Not Dead! A Major Move is Coming! Solana (SOL) is holding strong at its major support level of $110, making this an ideal accumulation zone between $110 and $140. With CME Group launching SOL Futures on March 18th, institutional interest could surge, potentially triggering a massive rally. As Solana gears up for a recovery to previous highs, this could be a prime opportunity to buy and hold for the long term. Don’t miss out—accumulate
BINANCE:SOLUSDT Currently trading at $144
Buy level: $110 - $140.
Stop loss: Below $90
Target : $500
Max Leverage : 1x /Spot trade
Always keep Stop loss
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SOL | Solana Drops 54% | WHERE TO NEXT?The recent ByBit hack seems to have sent the market into a downward spiral. But, if you look at it from a few weeks back, prices were already beginning to drop even before the news of the hack.
Solana follows Ethereum pretty closely, and considering the hard sell-off on ETH, SOL followed suit with a -26% drop over the past week.
This is quite a substantial correction, and considering the past 6 candles were red - it's likely that we can expect a bounce from next week, or at least a green candle. If we fail to bounce here, the short term is looking bleak for SOL:
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KUCOIN:SOLUSDT
SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move.
🔹 Elliott Wave Analysis & Bullish Scenario
If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting:
✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance)
✅ $180-$195 (0.382 Fib & major supply zone)
✅ $220+ (Wave 3 extension target)
🔻 Bearish Scenario – Extended Correction?
If SOL fails to break $150, it could indicate that the correction is not yet over, leading to:
❌ Retesting $130 support
❌ Possible extended correction towards $113-$100 (1.272 Fib extension)
📌 Key Level to Watch:
🔹 A break & close above $150 signals bullish continuation.
🔹 A rejection could mean further downside.
📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
SOLANA – Technical and Fundamental OutlookTechnical Analysis
Solana (SOL) remains within a Falling Wedge structure, a historically bullish reversal pattern. The price is currently testing a key support zone at $124.29, where demand accumulation could trigger a breakout. A successful rebound from this level may confirm a shift in momentum.
A breakout above $150.51 would validate a bullish reversal, with the next key resistance target aligning with the previous All-Time High (ATH) of $296.99. Failure to hold $124.29 as support could extend the correction, requiring confirmation of price action before further positioning.
Fundamental Analysis
Solana continues to exhibit strong growth, with a 37.09% price increase in the last 30 days and 79.96% gains over the past 90 days, reflecting sustained investor confidence. Institutional sentiment remains positive, with VanEck analysts projecting a $520 price target by the end of 2025, contingent on continued adoption and ecosystem expansion.
Key fundamental drivers include Solana’s high-throughput architecture, enabling thousands of transactions per second with low fees, positioning it as a competitive layer-1 blockchain. Recent integrations, including Visa's USDC settlement adoption, further reinforce its real-world utility.
Risk Considerations
Regulatory uncertainties remain a critical factor, with SEC classification concerns presenting potential headwinds. Additionally, speculative market activity, particularly within Solana's meme coin sector, has contributed to heightened volatility, necessitating cautious risk management.
Conclusion
The confluence of technical support levels and strong fundamental adoption metrics suggests a pivotal moment for Solana. A breakout from the Falling Wedge structure would reinforce bullish momentum, while macro and regulatory developments remain key monitoring factors.
$MYRO Poised to Break Above Consolidation, Eyes 200% Surge The Solana-based memecoin $MYRO is showing strong bullish signs, poised to break out from its recent consolidation phase with a potential 200% surge on the horizon. As traders anticipate a breakout, technical and fundamental indicators align, making $MYRO a token to watch closely.
Technical Analysis
$MYRO is currently trading with a Relative Strength Index (RSI) of 52, suggesting moderate momentum. While the asset remains below key moving averages, this setup strengthens the case for an impending breakout. Historically, tokens breaking above prolonged consolidation phases often witness sharp price increases, and $MYRO seems to be mirroring this trend.
A confirmed breakout from the current resistance could trigger a price discovery mode, paving the way for a 200% move. However, traders should monitor volume and key resistance levels to validate the move before entering positions.
The Myro Narrative
Beyond technical indicators, the Myro project stands out as a community-driven memecoin inspired by Raj Gokal’s dog, Myro. In an era where dog-themed tokens like CRYPTOCAP:DOGE and CRYPTOCAP:SHIB have dominated narratives, $MYRO finds its unique place within the Solana ecosystem.
Market Data & Price Action
- Current Price: $0.019886
- 24-Hour Trading Volume: $15,915,903
- 24-Hour Performance: +30.33%
- Market Cap: $18,776,340
- CoinMarketCap Ranking: #854
- Circulating Supply: 944,203,815 MYRO
$MYRO’s impressive 30.33% surge in the last 24 hours indicates strong buying interest. With increasing trading volume and a solid market presence, the token is gaining traction as a promising investment within the memecoin space.
Solana SOL Is Crashing: End Of Memes Era!Hello, Skyrexians!
Recently when the BINANCE:SOLUSDT price was at $250 we warned you that it is going to reach $165 and after that we will see what will happen. Today we can see that price broke down this level and continue crashing. This is the bear market start for Solana, we have a proofs that it's enough for meme king.
Let's take a look at the weekly time frame. Here we can see the clear Elliott waves structure consists of 5 waves. Wave 2 hit exactly 0.61 Fibonacci, wave 4 - 0.38, like a textbook. At the very top we can see the bearish divergence on the Awesome Oscillator. This divergence is confirmed and tells us that wave 5 has been finished, we told you about it before Feb 3 dump.
The biggest bear market confirmation is the breakdown of support green area on Fractal Trend Detector , moreover the bars are red and it means that global bearish phase is in progress. Now we are struggling to point out any targets, expecting some bounce and the continuation of the dump below $100.
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Skyrexio Team
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SOLANA - Potential Reversal on the Horizon?SOLUSDT – Potential Reversal on the Horizon?
The market's direction remains uncertain, but a closer look at the chart reveals some key insights:
1️⃣ Previous volume candles have been completely wiped out.
2️⃣ A higher low formation is a possibility.
If you're not in a trade yet, consider waiting for a pullback and confirmation of a higher low before entering. However, if the price flips without a pullback, you may either take a position immediately or wait for a retracement before committing.
Always ensure you set a stop loss when entering a trade to manage your risk effectively.
REMARKS: DYOR
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck and have fun,
The CryptoSignalScanner Team
Solana’s Silent Crisis: Why Addresses Diminish While Price HoldsSomething unusual is happening in the Solana ecosystem. While SOL’s price has climbed from $161 to $197, its active user base has dropped by more than 50%. Just a few months ago, in October 2024, Solana’s network saw 18.5 million active addresses, a sign of robust engagement. But fast forward to February 2025, and that number has plunged to 8.4 million.
This raises an important question: Why is Solana’s price rising while user participation is falling?
The Disconnect Between Price and Network Activity
At first glance, a price increase would suggest growing interest and adoption. But here’s the twist: SOL’s value appears to be driven by fewer, but more committed investors, rather than broad-based usage growth.
🔹 Declining Engagement – Fewer transactions, less activity, and a shrinking user base.
🔹 Rising Prices – A sign that major investors and institutions, rather than retail traders, could be accumulating SOL.
The Technical Picture: A Market at a Crossroads
Beyond network activity, technical indicators reveal a market in limbo.
📊 RSI at 32.16 – Just above the oversold threshold (30), meaning buyers could step in soon.
📊 Money Flow Index (MFI) at 39.98 – Money isn’t aggressively leaving SOL, but it isn’t pouring in either.
📊 Open Interest Down 2.23% – Fewer traders are taking new positions, suggesting hesitation.
Key Price Levels to Watch
Solana’s next moves will depend on how it interacts with these crucial levels:
📌 Resistance: $180 and $200 – A sustained move above $180, especially if RSI crosses 40, could signal a recovery.
📌 Support: $170 and $160 – If selling pressure intensifies, SOL could retest these lower zones.
Where Does Solana Go From Here?
Is Solana becoming a blockchain for whales and institutions rather than everyday users? Or is this just a temporary lull before a fresh wave of adoption?
For now, SOL’s price remains resilient, but without renewed on-chain activity, the rally may not last. If open interest and network participation rebound, Solana could be setting up for its next major move.
SOL/USDT Trading Scenario UpdateThe overall negative sentiment in the altcoin market, along with the beginning of the FTX customer repayment process, is putting downward pressure on the price of Solana (SOL). Currently, the asset's value has declined by more than 45% from its local peak and has dropped below the 300-day moving average.
From a volume profile perspective, market participants' interest in SOL remains high within the current broad price range. At its current price level, the asset appears attractive for long-term investments.
Solana Market Analysis according to current market ( SOL )
Timeframe: 4 Hours
As observed over the past few days, Solana has experienced a significant downward move, which was expected. If you look at the chart, a pennant pattern had formed, which was squeezing and eventually broke to the downside. This breakdown led to a complete fulfillment of the supply zone, with Solana’s price moving toward the 155–165 range, which acted as a strong order block and support zone.
This move confirms two key points:
Strong Order Block: The 155–165 zone is a robust support area and order block.
BTC Correlation: Bitcoin has also been moving toward its strong support zone (89k–92k), which aligns with Solana’s price action.
Two Possible Scenarios for Solana
Scenario 1: Demand Creation at Current Levels (Higher Probability)
Solana is likely to create demand from its current levels, with two strong zones to watch:
$195 Zone: A key level where demand could materialize.
$230 Zone: A secondary target if the price gains momentum.
This is the more probable scenario, where Solana stabilizes and creates demand, either at
195 or 230, leading to a potential upward move.
Scenario 2: Further Downside (If BTC Breaks Support)
If Bitcoin breaks its strong support zone (89k–92k), which seems increasingly likely, Solana could experience another significant downward move. In this case, Solana might break below the 150–140 range, leading to a further decline. This would mirror the previous supply-driven move, potentially taking Solana much lower.
Summary
Current Support Zone: Solana has found support in the 155–165 range, which is a strong order block.
Scenario 1 (Higher Probability):Demand creation at 195 or 230, leading to an upward move.
Scenario 2 (If BTC Breaks Support): Further downside, potentially breaking the 150–140 range.
Note
My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward.
Thank you!