Global Market Overview. Part 4.2: SOLANA
Solana: The American Blockchain Making a Comeback
(Previous post: )
Continuing from everything Iโve written earlier about Bitcoin and Ethereum, Solana deserves a separate spotlight.
Because this asset is a different story altogether. Itโs not like Bitcoin. Itโs not like Ethereum.
Solana has its own path, its own logic โ and most importantly, its own market cycle, which follows a very different pattern of growth.
Why did Solana rally?
Letโs be blunt: Solana isnโt just a blockchain โ itโs the epicenter of the new crypto cycle, where the main drivers werenโt decentralization or institutional capital, but memes, hype, and community.
Thousands of new tokens launched on Solana became the spark behind an explosion of interest.
The network surged with activity, and it was that real usage โ not marketing โ that pushed market cap higher.
But thatโs not all.
Solana is Made in the USA.
And in crypto, just like in politics, that matters.
An American project, developed on U.S. soil, Solana quickly gained the trust of the largest and wealthiest crypto investor base in the world โ American investors.
To be precise: it was the U.S. crypto community that pushed Solana into the mainstream.
And once funds and OTC brokers joined the party, it became clear โ this asset isnโt going anywhere.
What about fundamentals?
Peak price: nearly $300
Growth from 2021 to 2024: one of the fastest in crypto
Network load: consistently high
Number of projects in the ecosystem: growing
Confirmed approval for a Solana ETF in the U.S.
Technological flexibility and strong developer support
U.S. jurisdiction: trusted by both institutions and retail
Why didnโt it crash with the rest of the market?
Hereโs the twist: even as the crypto market was rocked by negative news and broad corrections, Solana held above $100.
Thatโs a key support level โ and it held up under pressure from:
Trumpโs tariff panic
Futures market liquidations
Capital outflows from other altcoins
Rising Bitcoin dominance
Yes, the price pulled back to the $130โ140 range, but it never broke major support โ a clear sign that strong hands havenโt let go.
But why hasnโt it gone higher if things are so good?
Simple: the Solana ETF hasnโt officially launched yet.
But once formal approval from the SEC is in place โ the asset is set to explode.
We already saw a pump above $200 just on rumors.
Now the clock is ticking โ when will rumor become reality?
And hereโs a spoiler: the Solana ETF has already been approved.
In crypto, thatโs how it goes โ first the whispers, then insider info leaks, then the price runs.
And finally, when the official news drops โ thatโs when the real move starts.
We havenโt seen that final leg yet because of all the macro confusion over tariffs.
Whatโs next?
Iโm not giving financial advice.
But hereโs the reality โ I bought Solana on the dip and Iโm still buying.
Why?
Because I need to recover the $300K I lost on Ethereum
Because everything points to a continuation of the bull trend
Because no other major asset offers this kind of symmetry between fundamentals and upside potential
Solana isnโt a bubble.
Itโs a trading platform for the meme economy โ and one of the few blockchains where actual demand matches real scalability and low fees.
And in crypto, that means a lot.
My personal take
If youโve got free cash right now โ donโt be afraid to look Solanaโs way.
I see no reason to fear this asset in the medium to long term.
The network is alive. The network is growing. The asset is holding strong.
Now all we need is the next trigger โ and it will come.
The potential to see $200 again in the coming months?
Very real.
SOLUSDT trade ideas
Trading Observation on SOLSOL has officially reawakened.
After respecting the GB11 Order Block in the $98โ$130 range โ a clean accumulation zone โ price has initiated what appears to be a calculated delivery run toward the GB89 OB near $273. This move aligns perfectly with the Goldbach pathway (GB11 โ GB89), signifying that smart money is in full control, executing a textbook liquidity sweep and redistribution cycle.
Recent PA shows SOL breaking structure above the OB with conviction, flipping resistance into support. The order block was mitigated cleanly, offering an optimal entry for those paying attention. With volume tapering into breakout and now expanding on bullish momentum, the roadmap is being laid out in real time.
Iโm projecting price to magnet toward the unmitigated imbalance zones above โ particularly the inefficiencies left between $200 and $240. These are natural resting points on the journey to GB89.
Bias: Bullish continuation
Entry: $130โ$144 (Order Block Breakout)
Target: $273 (GB89 OB)
Invalidation: Clean break below $120 closes the path
Path of least resistance is up. Liquidity is calling. Iโm watching SOL unfold with the patience of a general at war โ calculated, focused, and positioned.
Lord MEDZ
SOL - a NICE Signal yesterday. 5.3 % pure ProfitI wrote : "Eyes on loc-D Level. Currently a Long at retest of loc-D would be more plausible."
Price came down and demands went up.
5.3% ๐ฏ ๐ ๐
That hVn level missed just by a hair.
Original TA/Signal from yesterday:
Follow for more ideas/Signals.๐ฒ
Just donate some of your profit to Animal rights or other charity :)โ๏ธ
SOL | Short-Term Long | Key Resistance | (April 2025)SOL | Short-Term Long | Key Resistance & Liquidity Flip | (April 2025)
1๏ธโฃ Short Insight Summary:
Solana has reached a critical resistance zone after a wave of short liquidations. While the broader crypto market is showing strength, SOL is at a decision point that requires caution.
2๏ธโฃ Trade Parameters:
Bias: Short-term Long (with tight risk control)
Entry: Around current price near resistance (approx. $125โ$128)
Stop Loss: Just below recent swing lows (can adjust based on volatility)
TP1: $138
TP2: $131
โ
Quick partial profits planned due to high-risk reversal potential at current levels.
3๏ธโฃ Key Notes:
Weโre sitting at a strong resistance zone that has seen multiple overlaps in recent days. A major round of short positions was recently liquidated, which could fuel a push higher โ but also makes this a tricky zone for continuation. Watch for reversal signs, and manage risk tightly. Overall market sentiment is leaning bullish, which supports the long-term potential for SOL if it can break through.
4๏ธโฃ Follow-up Note:
Will reassess based on how price reacts around $131 and $138. May update if momentum picks up or structure changes.
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Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
$136 Resistance Crumbles: Solana Bulls Take the Lead...Solana Breaks Key Resistance โ 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 $136โ$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 $136โ$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.
Solana | BULLISH ON SOL | SOL Dominates Blockchain RevenueEven with a dip in activity particularly around memecoins, Solana has managed to hold its ground impressively when it comes to generating revenue.
While you might think fewer transactions would automatically mean less money coming in, Solana's performance shows otherwise. This ability points to the solid value being created by the different applications and uses on the network right now.
A big reason for this financial resilience is the continued strength of dApps on Solana. These apps have been really effective at bringing in fees and adding value to the network. It seems that while the hype around certain speculative tokens has died down significantly, the core utility and economic activity within Solana's dApps are still going strong. This shift towards more fundamental uses for generating revenue is a really positive sign for how the network can keep growing in the long run.
Looking ahead the future for SOL is bright imo as more projects are linking Artificial Intelligence with Solana, taking advantage of its speed and low costs to build new things. Plus, the introduction of Solana ETFs in Canada is a big step.
Other Solana-based alts including Official Trump (TRUMP), Jupiter (JUP), Raydium (RAY), and Bonk (BONK), have followed SOL with good price increases.
It seems like the focus is shifting towards building more lasting and useful applications. With ongoing support for developers and increasing interest from the traditional financial world, Solana seems well-positioned to handle market ups and downs and keep finding new ways to create value in the future. I'll definitely be watching to accumulate for the long-term.
______________________________
BINANCE:SOLUSDT
SOLUSDT Update: Wedge & Triangle Detector with VectorAnother interesting setup spotted on the charts! Using the Wedge & Triangle Detector, SOL is currently sitting at a critical juncture.
๐ Technical Highlights:
SOL broke down from a large wedge formation but is now attempting to reclaim key levels.
Vector & Magnitude Analysis: Neutral to slightly bullish โ indicating the market pressure is balancing out, setting up for a potential next move.
Immediate Resistance: ~295 USDT (long-term breakout line).
Support Levels: Watching 85-110 USDT as a key demand zone if downside pressure persists.
๐ฅ What's Next?
A successful reclaim above the red resistance vector could push SOL into a new bullish trend, targeting 400-700 USDT in a longer timeframe.
Failure to regain strength could retest lower wedge supports first before any larger reversal.
๐ง Key Takeaway: SOL is at a make-or-break point. Keep an eye on volume, structure, and vector pressure shifts over the coming weeks. Big moves often happen after long compression phases like this!
#Crypto #SOL #SOLUSDT #WedgeBreakout #TradingView #TechnicalAnalysis #CryptoCharts #Altcoins
Long trade
15min overview
Trade Overview: SOLUSDT Long Position
Entry Price: 138.794
Profit Target: 141.053 (+1.63%)
Stop Loss: 138.510 (โ0.20%)
Risk-Reward Ratio: 7.95
๐ Entry Time: 1:00 AM (Tue, 22nd April 2025)
๐บ Session: Late NY Session / Tokyo AM Session
โฑ Observed Timeframe entry: 5-Minute TF
Trade Reasoning
Buy-Side Liquidity Targeted: Entry followed a liquidity sweep beneath a short-term low, triggering buy-side momentum from resting orders.
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Solana appears to have recently completed a 5-wave structure and is now showing early signs of initiating a new bullish trend. This analysis takes a harmonic pattern approach, with a particular focus on the reaction following a 0.382 retracement โ a level that has shown strong support and may now serve as the springboard for further upside.
From a technical standpoint, the 0.886 Fibonacci level is expected to act as a significant resistance zone, and this is where we've set our current target range. Based on this structure, weโre identifying two short-term price targets: 142 as the first target and 143 as the second.
This isnโt a simple price guess โ itโs a strategic target based on the rhythm and symmetry of harmonic structures layered over prior wave formations. Harmonic patterns are more than just retracement percentages; they reflect the balance and energy distribution within the price cycle, making them a highly reliable tool for mid-range trade planning.
Even if you're not yet familiar with this approach, understanding how harmonics frame target zones can offer valuable insights and enhance your analytical toolkit moving forward.
Solana's medium term target; the $40 range..!On the daily chart of Solana, based on the equilibrium view and the equilibrium Fibonacci, on April 6, the main zone broke down and in the medium term the candles are moving towards the middle zone and the $40 range.... The equilibrium view of the chart is a macro and big image view of the market and will predict the movement of the candles on the chart, perhaps with a slight delay, but definitely and accurately... The market sentiment will soon change to a downward direction in the medium term... Solana's medium term target; the $40 range..!
$SOL is showing strength on multiple timeframes.CRYPTOCAP:SOL is showing strength on multiple timeframes.
On the hourly chart, it has broken out of an inverse head & shoulders pattern with the neckline now acting as support a strong bullish signal.
On the 3-day chart, price has bounced from the lower boundary of a long-term expanding channel, suggesting a potential continuation toward the upper range.
Both short-term and macro structures are aligned for further upside. If momentum continues, a move toward $170 and beyond is possible.
This might be the calm before a major breakout.
Stay sharp.
Comment below if you want me to share the best long-term accumulation zones for $SOL.
#Solana
Solana (SOL/USD) Elliott Wave Update โ Countertrend Rally in ProBINANCE:SOLUSDT
๐ Current Elliott Wave Outlook
After completing Wave โข, Solana began a sharp correction. This is how the current structure unfolds:
The initial leg down unfolded as a clear (1)-(2)-(3)-(4)-(5) structure in black โ forming the white Wave A of a larger A-B-C corrective pattern.
We are now in the corrective counter-move, forming Wave B.
๐ Zooming into Wave B: Internal Progression
The early part of Wave B is unfolding as a small impulse:
โ Wave 1, 2, 3, 4 have already played out.
โ We are currently moving from Wave 4 into Wave 5, which is expected to complete the black (A) of white B.
The top of Wave (A) is already marked on the chart, coinciding with key Fibonacci Extension levels, which reinforce the probability of local exhaustion.
๐จ Next Structure โ Building Wave (B) of B
After the black (A) completes, we expect a retracement wave (B).
This would then be followed by a yellow 1-2-3-4-5 impulse to the upside โ forming the full structure of white Wave B.
๐ What Comes After B?
Once Wave B (in white) is complete (built from the black (A)-(B)-(C)), we anticipate another larger leg to the downside โ white Wave C.
This would complete the full A-B-C correction from the macro top of Wave โข.
๐ฏ Key Zones to Watch:
Black Wave (A) Top = short-term resistance
Fibonacci Extension Area = likely exhaustion zone for the current rally
Wave B (white) = potential bearish trap before the real drop (Wave C)
โ
Summary
Solana is currently in a countertrend corrective phase after finishing a macro Wave โข top. We are in the midst of building Wave B, starting with a local impulse that forms black (A). After a minor pullback (black (B)), a 5-wave push (yellow) could complete Wave B before another major leg down kicks off in Wave C.
SHORT SOLUSDT SOONI believe we may be setting up for a potential short opportunity between the 138 and 150 levels. This appears to be an expanded flat, which is one of the most common corrective patterns seen in wave 4.
Wave B has already successfully bounced off the 1.38 Fibonacci level, which adds further confidence to this structure. Currently, it looks like we're in the process of completing wave C, which would finalize the correction and potentially mark the beginning of the next impulsive move downward.
SOLUSDT Weekly Technical Analysis โ April 25, 2025Trend Structure & Key Technical Zones
Solana (SOL) has been respecting a long-term uptrend line (green dotted) since its 2022 lows. This trendline served as a dynamic support throughout the bullish expansion in late 2023.
However, price action since Q1 2024 shifted into a broad sideways consolidation range, where SOL formed a well-defined horizontal range between $76.78 (support) and $294 (resistance).
Recently, SOL retested the lower bound of this range around $100, which aligns with a strong historical support zone, and bounced decisively, validating it once again. The bounce is marked with a green arrow in the image โ signaling buyer dominance at this key structural area.
Range-Bound Market & Price Behavior
This chart clearly presents a multi-month horizontal consolidation where SOL has:
Rejected the $76.78 level multiple times (strong demand)
Struggled to break through the upper barrier at $294
Remained confined within this accumulation/distribution range, offering both trading and positional opportunities
The dotted black trendline within the range (slightly upward sloping) suggests a mild internal bullish bias, pointing to gradual accumulation from smart money.
MACD Indicator Analysis
Below the price chart, the MACD (Weekly) shows
Bullish crossover forming with the MACD line crossing above the signal line
Bearish momentum fading, as visible from the shrinking red histogram bars
A potential shift in medium-term trend direction, supporting the bullish bounce
This momentum shift aligns perfectly with the recent support zone rebound, increasing the probability of a move toward the top of the range.
Trade Idea (Position-Based)
The image outlines a position trade idea with a clear setup based on range-play strategy.
Entry Point: $154.51
Stop Loss: $121.48 (below key structure, protecting against breakdown)
Take Profit: $259.78
Risk-to-Reward Ratio: ~3.19
Potential Gain: +68.13%
Potential Risk: -21.38%
The trade aims to capture the move from mid-range to range-high, capitalizing on momentum reversal and strong technical confirmation from MACD and price structure.
Summary & Outlook
Long-term trend remains bullish, as evidenced by the major trendline and price structure.
Strong support at $76.78 continues to hold firm.
MACD confirms bullish reversal signs, supporting a possible rally toward the top of the range.
Risk is well-defined and positioned below structure.
Next resistance levels to watch: $259.78 and extended zone at $294.53 (top green line)
SOL shows a high-probability bounce from a strategic support zone, supported by momentum reversal and trend structure. Traders can look for range-to-range swing plays while longer-term investors may also monitor for breakout above $260+ for trend continuation.