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Tag: Crypto Market Recovery

  • Solana Reclaims $80 Amid Friday Market Bounce – Analysts Set Next Targets

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    As the crypto market recovers, Solana (SOL) has bounced from a major level trendline and momentarily reclaimed a key horizontal level. Some analysts have signaled that a retest of a crucial short-term resistance could be coming, while others have warned that a breakdown to new lows remains possible.

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    Solana Bounces From Two-Year Trendline

    On Friday, Solana bounced 10.3% to break past the $85 area for the first time in three days. The cryptocurrency has been hovering between $78-$88 over the past week, briefly falling to $67 during last Thursday’s correction.

    SOL lost the mid-zone of its local range after recent market volatility, falling below $80 on Thursday. However, Today’s rebound has sent the altcoin above these recently lost levels, setting the stage for a potential recovery.

    Amid this performance, market observer Daan Crypto Trades highlighted that the cryptocurrency has reclaimed the key $80 level, which has historically served as major resistance and support.

    To the trader, the Solana must hold above this area and form a base above it before “watching for a low-timeframe market structure break back to bullish.” Analyst Ali Martinez observed that sustained buying pressure could push SOL’s price toward the $88 level, not seen since the start of the week.

    SOL recovery targets the $88 range highs. Source: Ali Charts on X

    The altcoin has been unable to break above this level since last week’s breakdown, becoming a key short-term resistance area. A breakout from this level could open the door for a retest of the $90-$96 zone, where the April 2025 lows are.

    Meanwhile, Crypto Batman noted that Solana is retesting its two-year descending trendline in the weekly timeframe, located around the recent lows. The chart shows that the macro trendline has been holding since early 2024 and has been tapped multiple times throughout the cycle.

    As the analyst explained, “Over the past 2 years, every time the price touches this level, a massive reversal occurs.” During this period, it has also marked the bottom of each major correction, with the latest retest taking place in Q2 2025 and leading to the following quarter’s rally.

    SOL Breakdown Still Coming?

    Despite the bullish outlooks, other market watchers have shared potential bearish forecasts for Solana if momentum weakens. Altcoin Sherpa warned that SOL could drop to $50 if selling pressure pushes the price below a crucial area.

    The chart shows that after losing the 200-week Exponential Moving Average (EMA), around the $121 mark, and the April 2025 lows, the key area to hold is the recently visited local range lows.

    As the analyst displayed, if the cryptocurrency fails to hold the $77-$78 price area, the next major historical support sits near the November 2023 breakout area, around the $51 mark.

    Market watcher Crypto Bullet suggested that Solana’s bottom may not be in yet, arguing that “those who bought BTC above $80k and SOL above $120 must stay trapped for a year or two.”

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    He affirmed that “returning to those levels anytime soon doesn’t make sense,” as the cryptocurrencies are in their markdown period.

    In an X post, he emphasized the market cycle phases, pointing out that the accumulation phase occurred between 2022 and 2023, while the distribution phase occurred between 2024 and the start of 2026. Based on this, the analyst’s chart shows that SOL could potentially find a bottom around the $40 area.

    As of this writing, Solana is trading at $84.17, a 2.5% decline in the weekly timeframe

    soalna, sol, solusdt
    SOL’s performance in the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Ethereum $1,900 Retest Could Decide Next Major Move – Is ETH Preparing For New Lows?

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    As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon.

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    Ethereum Weekly Close On Sight

    On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days.

    However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week.

    After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves.

    To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support.

    According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.”

    Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.”

    Is ETH’s ‘Real’ Bull Market Two Years Away?

    Trader AlejandroXBT shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout:

    My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since.

    He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum.

    ETH macro structure breakdown. Source: AlejandroXBT on X

    According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle.

    As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed.

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    Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle.”

    Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.”

    Ethereum, eth, ethusdt
    Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Ethereum’s Q1 Outlook: Analyst Shares Historical Setup As Price Nears Key Resistance

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    While Ethereum (ETH) attempts to turn a crucial level into support, some analysts have shared a bullish outlook for the cryptocurrency, which could send its price above the $4,000 barrier in the first quarter of 2026.

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    End-Of-Year Weakness To Ignite Q1 Rally

    On Monday, Ethereum broke above the $3,200 barrier for the first time in nearly a month, hitting a four-week high of $3,259. The cryptocurrency has seen a 8.3% surge from the crucial $3,000 level since Friday, consolidating above the $3,100 level over the weekend.

    Now, the King of Altcoins is trying to hold the key resistance level and turn it into support. Amid this performance, some market observers shared a potential setup that could lead to a significant rally during the next three months.

    In an X post, analyst Niels affirmed that Ethereum’s quarterly close in the red is “not as bearish as it looks.” Notably, the altcoin recorded its worst Q4 in six years after closing the quarter with a negative return of 28.28%, according to CoinGlass data.

    This marks ETH’s first negative Q4 close since 2022, and its worst end-of-year performance since 2019, when it registered a negative return of 28.9%. Nonetheless, Niels highlighted that this opens the door for an “interesting” setup ahead of the altcoin’s expected seasonality.

    ETH’s quarterly performance over the years. Source: CoinGlass

    “History tells an interesting story: every single time ETH has finished Q4 in the red, the next Q1 has closed green,” the analyst explained, asserting that “year-end weakness has usually acted as a reset, not a reversal.”

    Per the post, the end-of-year leverage flush and sentiment cooling have previously enabled Ethereum to start the new year “from a cleaner base,” which has allowed the altcoin to register quarterly returns of up to 52% in recent years.

    “If that pattern holds, Q4 wasn’t the warning; it was the setup heading into Q1,” he suggested.

    Ethereum Prepares For 30% Breakout

    As the price records an 11% weekly surge, analyst Ted Pillows pointed out that the cryptocurrency is about to face an important zone that has served as resistance for nearly two months.

    Since the early November pullback, the largest altcoin by market capitalization has been trading between the $2,700-$3,400 price range, experiencing strong resistance around the $3,000 and $3,200 levels.

    Now that the mid-zone of the range has been momentarily reclaimed, ETH must hold its momentum and turn the upper boundary into support. “A reclaim of this level will pump Ethereum towards the $3,800-$4,000 level,” where the next major resistance is located, Ted explained on Monday morning.

    On the contrary, a rejection from this resistance zone could send the ETH price toward the $3,000 support, while risking a longer consolidation within its two-month range.

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    Meanwhile, analyst Ali Martinez discussed the altcoin’s consolidation, pointing to a symmetrical triangle pattern forming on its chart. According to the analyst, Ethereum has been compressing between the pattern’s ascending and descending trendlines since November, awaiting a 30% move.

    If the price holds its current breakout from the upper boundary, the cryptocurrency could see a rally toward the $4,000 area in the coming weeks, positioning ETH for a retest of the Q3 levels.

    As of this writing, Ethereum is trading at $3,253, a 3.4% increase in the daily timeframe.

    Ethereum, eth, ethusdt
    ETH’s performance on the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?

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    As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers.

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    Solana Bounces Despite ETF Outflows

    The crypto market has surged above the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and most leading cryptocurrencies reclaiming crucial support levels lost during the latest market pullback.

    Solana joined the market rally and jumped from the recently recovered $135-$140 area to the upper zone of its local range on Wednesday afternoon. Notably, the altcoin has been trading between the $130-$145 price range over the past two weeks, briefly losing the lower boundary during last week’s correction.

    This week, SOL’s price has reclaimed some crucial ground, surging over 10% since Monday’s opening and nearing the $145 resistance. Amid this performance, analyst Ted Pillows noted institutional participation, as SOL treasury companies have started to show early signs of recovery.

    He also highlighted that Solana Exchange-Traded Funds (ETFs) have experienced record inflows this month despite the correction. According to Farside Investors’ data, the SOL-based investment products have registered $613 million in inflows since their launch on October 28.

    It’s worth noting that throughout the recent pullbacks, Solana funds have seen a strong demand, with a 22-day positive streak while the altcoin’s price descended to multi-month lows.

    However, as its price recovered, SOL’s ETFs registered their first negative in nearly a month. 21Shares’ TSOL, which launched a week ago, saw $34 million in outflows on Wednesday, outshining the over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s GSOL. As a result, the whole category recorded net outflows of $8.1 million.

    In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed for a while, but institutional buying needs to accelerate here. Otherwise, it won’t take long for Solana to make new lows.”

    SOL Ready For December Recovery?

    Analyst Ali Martinez suggested that Solana’s pain might be over as its price “usually bottoms when investors capitulate… And for the past two weeks, that’s exactly what’s been happening.”

    According to the chart, SOL’s price has historically found a floor when the Net Unrealized Profit/Loss (NUPL) indicator reaches the capitulation zone, which it has recently fallen to. Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month downtrend, which could trigger a 25% recovery rally near the key $180 barrier in the coming weeks.

    Another market observer warned that the altcoin is “walking straight into the lion’s den” as its price nears the $144-$146 resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected three times from this heavy supply area, and momentum “is slowing again as we hit the zone.”

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    To the trader, this is the crucial level to watch, as another rejection could send the price to the $132 support, where strong demand lies from the previous bounce. On the contrary, a successful breakout from this level and reclaiming it as support could confirm the shift and trigger a surge to the $157 area.

    As of this writing, Solana is trading at $142, a 7.7% increase on the weekly timeframe.

    SOL’s performance on the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support Fails

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    After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists.

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    Solana Price Retest Major Support

    On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been trading inside the $120-$220 price range since early February, finally breaking out of this range in mid-September.

    A week ago, the market’s bullish momentum and strong corporate treasury purchases pushed SOL’s price to an eight-month high of $253, leading many investors to anticipate the long-awaited rally to higher levels.

    However, this week’s pullbacks have sent most cryptocurrencies below crucial levels, with Bitcoin and Ethereum dropping to $108,000 and $3,800, respectively. Meanwhile, Solana has seen a 20% decline in the weekly timeframe, losing the $200 level.

    Analyst Sjuul from AltCryptoGems asserted that SOL was “in freefall after that nasty deviation back into the range.” If Solana fails to hold the current $190-$200 range, the analyst considers it would be “very difficult” to find strong support before the demand zone around $150, a level not seen since the start of July.

    Similarly, market watcher Wise Crypto also noted that Solana could be in a make-or-break retest, as it retests a critical support zone and the overall market still shows some signs of weakness.

    According to the post, SOL has been trading within an ascending channel since April, bouncing between the upper and lower boundaries throughout this period.

    If the market’s recent volatility continues, the cryptocurrency could retest the channel’s support zone, around the $177-$188 levels. “If this zone breaks, the next major support is down below $150 — so caution is key,” they added.

    SOL Bounce Eyes $200 Reclaim

    Despite the volatility, Wise Crypto also signaled that “Stochastic RSI is signaling oversold conditions, suggesting a potential bounce could be on the horizon.” As a result, if SOL holds this support area, a move toward the $250 barrier could follow.

    As Solana approached its major ascending trendline, Crypto Batman noted that SOL has bounced from this level each time it has retested it, suggesting that “In the midst of chaos, you have to look at things from a different perspective.”

    Notably, SOL bounced from the recent lows on Friday Morning and is currently attempting to break above the $200 psychological barrier.

    Nonetheless, the cryptocurrency must daily close above this key level and continue to hold it over the weekend to transform the pullback into a downside wick deviation in the weekly timeframe.

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    Ted Pillows added that if this level is reclaimed, the $208-$210 area, near the 10-day Moving Average (MA), would be the next target.

    According to the market watcher, reclaiming and holding above that level would be the first bullish sign, which could potentially push Solana’s price toward $216–$220, near the 30-day MA.

    As of this writing, SOL trades at $199, a 1.4% increase in the daily timeframe.

    Solana’s performance in the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Bitcoin Risks Drop Below $110,000 Despite Bounce – Is A 15% Pullback Coming?

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    Bitcoin (BTC) is attempting to reclaim a crucial level as support after bouncing from the recent drop below $115,000. Nonetheless, some analysts warned that the cryptocurrency is entering a corrective phase with a potential 15%-25% drop.

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    Bitcoin Risks Drop Below $110,000

    On Monday, Bitcoin fell below the $115,000 level for the first time in nearly two weeks, retesting the $114,500 support before bouncing. The flagship crypto has been hovering between its local price range since August 7, hitting its latest all-time high (ATH) of $124,200 before ultimately being rejected from the range highs.

    Now, some market watchers have affirmed that BTC has entered a corrective phase, which could send the cryptocurrency below other crucial support levels. Ali Martinez noted that the recent rejection “came in the form of a deviation, which often signals weakness and opens the door for deeper pullbacks.”

    According to the analyst, Bitcoin has been trading within the $112,000-$122,000 price range, suggesting that the local bottom is the next key support level to watch as momentum leans bearish.

    BTC targets the range lows after rejection. Source: Ali Martinez on X

    Notably, the cryptocurrency immediately bounced from today’s drop, reclaiming the recently lost $116,500 breakout level, and nearing the $117,000 area again. To the analyst, a confirmed rebound could reset bullish momentum, sending the price to the range highs.

    However, if BTC’s price drops again and the $112,000 support doesn’t hold, the cryptocurrency risks triggering a $4,000 drop to the $108,000 area. Martinez highlighted that on-chain data shows a liquidity grab between these two levels.

    Additionally, the Accumulation Trend Score, which dropped to 0.20, signals that holders are “redistributing their Bitcoin rather than accumulating at these levels.”

    Has The Price Discovery Correction Begun?

    Analyst Rekt Capital pointed out that BTC failed to hold the crucial $119,000 level as support on the weekly chart, closing on Sunday below its weekly bull flag pattern that had been developing since early July.

    According to a previous analysis, turning the pattern’s bottom into resistance would be a bearish retest that would confirm the breakdown from the pattern, and potentially lead to a new retest of the $112,000 area.

    Amid its recent performance, he asserted that Bitcoin has entered its second Price Discovery Correction, which has historically followed the second Price Discovery Uptrend peak, between weeks 5-7.

    “Interestingly, the upside wick that formed last week developed right at the finish line in Week 6 before pulling back. This upside wick was crucial because it came to save the historical cyclicality that we tend to see in price action across cycles,” the analyst explained, as the previous ATH formed in Week 2 of the second uptrend.

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    Rekt Capital suggested that Bitcoin could be transitioning into a corrective period. Nonetheless, he noted that this corrective might not last as long as previous corrections, as at this moment of the 2017 and 2021 cycles, BTC pullbacks lasted between 1-3 weeks and were 25% and 29% deep, respectively.

    “In both cases, these pullbacks were shorter and shallower by the standards of the previous corrections in the respective cycles,” he detailed, concluding that BTC must “ideally resolve this pullback over the next handful of weeks and perform a relatively shallow pullback of -15% to -25%.”

    Bitcoin, btc, btcusdt
    Bitcoin trades at $116,460 in the one-week chart. Source: BTCUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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