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Tag: SOLUSD

  • Solana ETFs Attract $31M While Crypto Funds Lose $173M, Is SOL Gearing for a Possible Rally

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    While digital asset funds recorded significant capital outflows for a fourth consecutive week, Solana (SOL) has become one of the few assets still attracting fresh investment.

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    Similarly, the SOL price action shows the token locked in a tight consolidation range around $85, leaving traders watching closely for a decisive move. Recent data also shows Solana ETFs pulled in roughly $31 million in weekly inflows, even as broader crypto investment products lost $173 million.

    SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview

    Solana ETF Inflows Stand Out Amid Broader Market Withdrawals

    According to flow reports, crypto funds have faced sustained selling pressure, with the United States leading withdrawals while Europe and Canada recorded inflows. Despite the broader risk-off environment, Solana attracted new capital alongside a small group of alternative assets.

    The inflows suggest continued institutional interest through regulated investment vehicles, which typically require spot exposure or derivatives hedging tied to the underlying asset. Analysts note that such flows can provide steady demand, even when short-term market sentiment remains uncertain.

    However, ETF demand has not yet translated into a clear price recovery. Solana continues trading within a compressed range between roughly $77 and $90, signaling indecision among market participants.

    SOL Price Holds Key Support as $92 Remains Critical Resistance

    Technically, the SOL price has entered a consolidation phase after failing to maintain momentum above $90. The token is currently trading above the $85 region, supported by buyers defending the $82 level.

    Short-term charts show a rising channel forming, with resistance near $88 and a major barrier at $92. Analysts widely view a confirmed breakout above $92 as necessary to trigger a stronger rally, with potential upside targets around $95 and $102.

    On the downside, failure to hold support could expose lower levels near $76.50 or even $72. Some technical models also point to a bearish flag, suggesting a possible 25% decline to the mid-$60s if selling pressure accelerates.

    Momentum indicators present mixed signals. Oversold readings across several oscillators indicate selling exhaustion may be developing, yet trend-strength indicators still confirm that a broader downtrend remains intact.

    Network Growth and Long-Term Outlook Keep Bulls Interested

    Despite price weakness, on-chain developments continue to draw attention. Total value locked on the network has reached new highs, and institutional experimentation with the blockchain has expanded, signaling ongoing ecosystem activity.

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    Longer-term projections remain divided. Some analysts see evidence of reaccumulation patterns that could support a recovery if key resistance levels are reclaimed, while others warn macro conditions and declining risk appetite may limit upside in the near term.

    Cover image from ChatGPT, SOLUSD chart from Tradingview

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    James Halver

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  • Solana (SOL) Keeps $100 Alive, Recovery Push Faces First Test

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    Solana failed to settle above $112 and extended losses. SOL price is now recovering above $102 but faces many hurdles near $108 and $110.

    • SOL price started a decent recovery wave above $100 and $102 against the US Dollar.
    • The price is now trading below $110 and the 100-hourly simple moving average.
    • There is a key bearish trend line forming with resistance at $108 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The price could continue to move up if it clears $108 and $110.

    Solana Price Faces Resistance

    Solana price remained stable and started a decent recovery wave from $95, like Bitcoin and Ethereum. SOL was able to climb above the $100 level.

    There was a move above the 23.6% Fib retracement level of the downward move from the $119 swing high to the $95.81 low. However, the bears are active below $110. There is also a key bearish trend line forming with resistance at $108 on the hourly chart of the SOL/USD pair.

    Solana is now trading below $105 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $108 level, the trend line, and the 50% Fib retracement level of the downward move from the $119 swing high to the $95.81 low.

    The next major resistance is near the $110 level. The main resistance could be $115. A successful close above the $115 resistance zone could set the pace for another steady increase. The next key resistance is $122. Any more gains might send the price toward the $125 level.

    Another Decline In SOL?

    If SOL fails to rise above the $108 resistance, it could continue to move down. Initial support on the downside is near the $101 zone. The first major support is near the $95 level.

    A break below the $95 level might send the price toward the $88 support zone. If there is a close below the $88 support, the price could decline toward the $80 zone in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

    Major Support Levels – $101 and $95.

    Major Resistance Levels – $108 and $115.

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    Aayush Jindal

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  • Solana Pauses After 20% Drop — This Key Level Could Decide What’s Next

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    Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatility cools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction.

    VAH Rejection Sends SOL Back Into Range

    Market expert Umair Crypto explained that Solana’s rejection at the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to flip the psychological $150 level into support, and ultimately triggered a sharp downside reaction, resulting in a nearly 20% decline toward the $117 area.

    Following the sell-off, price rotated back into the same two-month consolidation range, suggesting that the move lower was more of a range continuation than the start of a new trend. SOL is now retesting the Value Area Low flip zone around $128, a level that has repeatedly acted as a short-term pivot between buyers and sellers.

    If $128 holds and buyers manage to defend this zone, the analyst sees room for a bounce toward $132. Further acceptance above that level could open a path toward the range Point of Control near $138. However, even a move into that region would still reflect range-bound conditions rather than a confirmed bullish breakout.

    Umair Crypto stressed that SOL remains stuck inside a broad $30 range, offering little directional edge in the middle. An acceptance below $120 would shift the bias firmly bearish. On the other hand, a strong reclaim above $150 would flip the market structure bullish. Until either scenario plays out, the higher-probability outcome continues to lean toward lower prices within the range.

    SOL Enters A Compression Phase Above Key Support

    According to a recent market update from BitGuru, Solana has experienced a significant pullback and is now entering a phase of consolidation just above a critical support zone. This type of price compression is a classic technical indicator that the market is preparing for a sharp reaction move.

    As volatility narrows and the trading range tightens, the build-up of market energy typically precedes a breakout. The path forward remains binary based on Solana’s interaction with its immediate boundaries. 

    A clean reclaim of the nearby resistance level would signal a return of buyer confidence and a potential shift in momentum. Conversely, a failure to defend this established base would keep significant downside risk active, potentially leading to a deeper correction if the support zone is breached.

    Solana

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    Godspower Owie

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  • Solana Structure Suggests One Final Test Before Bulls Can Step In

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    Solana’s price action is sending a clear message: the correction may not be finished yet. While buyers continue to show up at key levels, the broader structure still points to the possibility of one final downside test before a sustainable move higher can take shape. 

    Wave IV Still Unfinished As C-Wave Pressure Persists

    Crypto analyst More Crypto Online, in a recent update, explained that Solana’s chart structure still points to the possibility of another downside move before the ongoing correction is fully completed. Within the orange scenario, price action continues to align with a C-wave decline in a broader wave IV correction, keeping the corrective outlook valid as long as the structure remains non-impulsive.

    Even when viewed through the alternative white scenario, the current pullback can still be classified as an A-wave, which leaves room for another low before a B-wave recovery begins or before a potential fifth wave to the upside develops. In both interpretations, the analyst noted that the correction may not yet be finished.

    From a short-term perspective, the chart suggests that Solana could drift lower into the $81 to $90 region. Currently, there are no clear structural signals indicating an immediate bullish continuation, as the absence of impulsive upside movement keeps downside scenarios firmly in play.

    However, if prices were to turn higher from current levels without setting a new low, the broader structure since January 2025 would start to resemble a triangular consolidation rather than a completed wave IV. This alternative setup would imply extended sideways movement instead of a rapid trend resumption. Until stronger upside momentum appears, the focus remains on the risk of one more corrective low.

    Controlled Reaction At The 50% Fibonacci Signals Solana Buyer Strength

    AltCoin Việt Nam stated that Solana’s current price action is showing a strong and reassuring reaction around the 50% Fibonacci level. Instead of breaking down aggressively, the price has been rebounding in a controlled manner, suggesting that buyers are still maintaining influence. From a wave-structure perspective, wave IV does not appear to be rushing toward completion, leaving room for wave C to extend further if the market continues to move in line with the broader rhythm.

    Adding to the bullish bias is the ongoing ETF narrative surrounding Solana. Spot SOL inflows are not arriving in a FOMO-driven manner, but rather through steady accumulation across several sessions. This type of capital flow often reflects longer-term positioning rather than short-term speculation, which explains why the price tends to rebound quickly whenever it revisits key support zones.

    That said, the outlook is not without invalidation. A sustained move below the 50% Fibonacci level would signal that the current structure has broken down. However, the analyst views the recent pauses as temporary breathers within a broader upward structure, rather than the beginning of a meaningful downtrend.

    Solana

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    Godspower Owie

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  • Why Has The Solana Price Been In A Steady Downtrend Since January?

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    Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months. 

    Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.

    Distribution Was Already Underway Before The January Peak

    Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it. 

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    The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally. 

    Source: Chart from Ardi on X

    After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.

    Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.

    On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.

    Is Solana’s Price Becoming Dependent On Memecoin Activity?

    Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.

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    Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January. 

    However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem. 

    At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.

    Solana
    SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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  • Solana Enters A Low-Interest Phase After November 2024 All-Time High — Here’s Why

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    The story of Solana has shifted from a meteoric rise to a high-stakes battle for relevance. After reaching a historic all-time high in November 2024, the network has struggled to reclaim its former momentum. This loss of momentum reflects technical exhaustion and a market recalibration after an aggressive run-up. Thus, SOL has entered a new phase as investors assess whether fresh demand can emerge or if the network needs a new catalyst to reassert leadership.

    How Solana Momentum Fades After The November Peak

    Crypto trader Ardi has revealed on X that market interest has noticeably thinned ever since Solana set its $296 all-time high in November 2024. On-chain data has shown that buying pressure has been dominated almost by the retail-sized wallets, particularly those making purchases between $0 and $1,000.

    Ardi argues that while many observers point to micro conditions to explain the stalled price action, the tape reveals that the distribution has begun before the peak. The selling volume had already been accelerating for months before October 10, signaling that major players were planning their exits long before the drawdown. The data also confirms a massive divergence between demographics.

    Meanwhile, the mid-sized wallets involving $0 to $100,000, and the institutional-sized wallets involving $100,000 to $10 million in volume have been in a steady downtrend for roughly 13 months. Over the same period, retail wallets have shown a consistent uptrend, and are clearly convinced that SOL is still trading at a deep discount price. 

    This imbalance leads to the ultimate question: Is Solana’s value now intrinsically tied to memecoins? The correlation between SOL’s demand and the memecoin actively on the network has been near-perfect, which means that without the frenzy of the meme sector, most bids would largely be disinterested.

    What Comes After Memes Will Decide Solana’s Future

    An investor and trader, Jas pointed out that 2025 has definitely been a reset for Solana, but it isn’t over for the altcoin. SOL active monthly traders have fallen from roughly 30 million to under 1 million, a staggering 97% drop in network activity. The speculative engine was the memecoin boom that fueled its rise and also exposed its biggest vulnerability.

    Furthermore, SOL is down nearly 58% from its yearly high. SOL’s network revenue dropped fivefold year-over-year from $2.5 billion in 2024 to $500 million in 2025. The contrast with Ethereum is hard to ignore, and ETH generated $1.4 billion in revenue this year and outperformed SOL by 56% year-to-date. “SOL’s future may depend less on memes and more on what follows them,” Jas noted.

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    Godspower Owie

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  • Solana (SOL) Recovery Underway But Momentum Still Needs Stronger Follow-Through

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    Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $135 zone.

    • SOL price started a decent recovery wave above $125 and $128 against the US Dollar.
    • The price is now trading above $130 and the 100-hourly simple moving average.
    • There is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The price could continue to move up if it clears $135 and $140.

    Solana Price Aims Recovery

    Solana price remained stable and started a decent recovery wave above $125, like Bitcoin and Ethereum. SOL was able to climb above the $130 level.

    There was a move toward the 50% Fib retracement level of the downward move from the $145 swing high to the $121 low. Besides, there is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair.

    Solana is now trading above $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level or the 61.8% Fib retracement level of the downward move from the $145 swing high to the $121 low.

    The next major resistance is near the $140 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level.

    Another Drop In SOL?

    If SOL fails to rise above the $135 resistance, it could continue to move down. Initial support on the downside is near the $130 zone. The first major support is near the $127 level.

    A break below the $127 level might send the price toward the $124 support zone. If there is a close below the $124 support, the price could decline toward the $120 zone in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

    Major Support Levels – $130 and $124.

    Major Resistance Levels – $135 and $140.

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    Aayush Jindal

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  • Solana Core Evolution: Here’s The Underrated Impact Of The BIT Narrative

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    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

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    Godspower Owie

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  • Solana (SOL) Decline Intensifies — Bears Tighten Grip, Recovery Looks Unlikely

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    Solana started a fresh decline below the $180 zone. SOL price is now consolidating losses below $175 and might decline further below $165.

    • SOL price started a fresh decline below $180 and $175 against the US Dollar.
    • The price is now trading below $175 and the 100-hourly simple moving average.
    • There is a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The price could start a recovery wave if the bulls defend $165 or $162.

    Solana Price Dips Further

    Solana price failed to remain stable above $185 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $182 and $180 support levels.

    The price gained bearish momentum below $175. A low was formed at $163, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $163 low.

    Solana is now trading below $175 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $170 level. The next major resistance is near the $175 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $163 low.

    The main resistance could be $182. A successful close above the $182 resistance zone could set the pace for another steady increase. The next key resistance is $190. There is also a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair. Any more gains might send the price toward the $200 level.

    Another Decline In SOL?

    If SOL fails to rise above the $175 resistance, it could continue to move down. Initial support on the downside is near the $165 zone. The first major support is near the $162 level.

    A break below the $162 level might send the price toward the $154 support zone. If there is a close below the $154 support, the price could decline toward the $150 support in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

    Major Support Levels – $165 and $162.

    Major Resistance Levels – $175 and $182.

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    Aayush Jindal

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  • Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

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    Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week.

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    The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices.

    Analysts attribute the weakness to a broader risk-off sentiment across global markets. Although President Trump recently announced a lower tariff imposition, crypto investors remain skeptical, fearing another policy reversal that could trigger a sharp market downturn.

    SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview

    Strong Fundamentals Overshadowed by Macroeconomic Fears

    While the macro instabilities weigh heavily on the Solana price action, SOL’s underlying fundamentals remain strong.

    The blockchain recently reported annualized revenue of $2.85 billion, growing nearly 30 times faster than Ethereum’s early-stage performance. The network continues to attract developers and corporate partners, including Western Union, which is building a stablecoin on Solana to power global remittances.

    However, short-term traders remain cautious. Technical indicators reveal that the Solana price is consolidating below major moving averages, with key support around $172 and resistance between $188 and $192.

    The RSI sits near 41, signaling that the asset is approaching oversold levels, while the MACD divergence suggests waning selling pressure. Still, a sustained rebound remains uncertain without a broader recovery in risk appetite.

    Bulls Eye $200 in Solana Price as Macro Clouds Clear

    For now, Solana’s near-term outlook remains bearish-to-neutral. A decisive break below the $172 support could open the door to deeper declines toward $157 or even $142, zones that previously attracted strong buying during October’s correction.

    Conversely, defending the 200-day moving average at $179.78 and reclaiming $189–$200 could restore short-term bullish momentum.

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    Despite near-term volatility, analysts like Lark Davis maintain that Solana is “winning” against Ethereum in speed, scalability, and user growth. Long-term investors remain confident that institutional inflows, coupled with Solana’s expanding ecosystem, will eventually reflect in the Solana price action once global markets stabilize.

    Cover image from ChatGPT, SOLUSD chart from Tradingview

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    James Halver

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  • Solana (SOL) Nosedives — Sellers Tighten Grip, Recovery Attempts Fail

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    Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175.

    • SOL price started a fresh decline below $185 and $180 against the US Dollar.
    • The price is now trading below $182 and the 100-hourly simple moving average.
    • There is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The price could start another increase if the bulls defend $175 or $172.

    Solana Price Dips Again

    Solana price extended gains above $180 and $182, like Bitcoin and Ethereum. SOL even surpassed $188 before the bears appeared. A high was formed near $189 and the price dropped.

    There was a move below $185 and $180. A low was formed at $176, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $176 low. Besides, there is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair.

    Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $182 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $176 low.

    The next major resistance is near the $185 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $192 and the trend line. Any more gains might send the price toward the $200 level.

    Downside Continuation In SOL?

    If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $175 zone. The first major support is near the $172 level.

    A break below the $172 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

    Major Support Levels – $175 and $172.

    Major Resistance Levels – $188 and $192.

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    Aayush Jindal

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  • Solana Price At Risk Of 50% Crash To $104 After Forming This Larger Bearish Trend

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    The Solana price rebounded quite nicely from the October 10 crash, quickly reclaiming $200 after hitting as low as $150 on some crypto exchanges. Despite this, though, the altcoin is still not out of the woods, with bearish indicators that seem to be piling up around it. Unless something changes soon, the Solana price could be gearing up for another major hit that could send it down even lower than the legendary flash crash.

    Friday’s Crash Was Only Confirmation Of Bearish Pattern For Solana Price

    While the broader market thinks that the October 10 crash has come and gone, leaving the market in a more bullish state, one analyst deviates from this and believes that this has actually set the Solana price on a more bearish path to more declines.

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    According to an analysis shared on the TradingView website, crypto analyst Klejdi Cuni shows that the Solana price actually confirmed a larger bearish pattern after the crash triggered by Donald Trump’s 100% tariff comments on China. As a result, the entire bearish trend is yet to actually play out.

    Not only is the Solana price already on track for more corrections, but it is also further at risk as the Bitcoin price struggles to hold up. After initially recovering, the Bitcoin price has since been on a slow decline, and altcoins such as Solana have been affected as well.

    With the Bitcoin price already struggling, the analyst believes that the Solana price is already looking at a decline to at least $170. However, in the event that the entire bearish narrative does play out, then the Solana price is at risk of crashing 50% to $104.

    Source: TradingView

    SOL ETFs Could Change The Narrative

    Amid the expected bear pressure, there is still the topic of pending Solana ETF applications that could change the entire narrative. Data from The Block website shows a total of 11 Solana ETFs that are pending a decision from the Securities and Exchange Commission (SEC).

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    If these Solana ETFs are approved for trading, it could trigger a large influx of institutional liquidity into the altcoin. Just like the trend seen with the Bitcoin and Ethereum ETFs, this could lead to a surge in the Solana price, effectively eliminating the bears from the table.

    At the time of writing, the Solana price was still trending above $200. However, with the Bitcoin price skirting around $111,000, it is possible that the altcoin could suffer a crash below $200 before finding its footing once again.

    Solana price chart from TradingView.com
    SOL struggles as bearish factors tighten | Source: SOLUSDT on TradingView.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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  • Solana (SOL) Declines Again – Is This A Dip Worth Buying For Recovery?

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    Solana started a fresh decline from the $238 zone. SOL price is now consolidating losses below $225 and might decline further below $218.

    • SOL price started a fresh decline below $232 and $230 against the US Dollar.
    • The price is now trading below $225 and the 100-hourly simple moving average.
    • There was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The price could start another increase if the bulls defend $218 or $212.

    Solana Price Dips Below Support

    Solana price extended gains above $225 and $230, like Bitcoin and Ethereum. SOL even surpassed $235 before the bears appeared. A high was formed near $238 and the price dropped.

    There was a move below $232. Besides, there was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair. The pair traded as low as $217.47 and is currently consolidating losses below the 23.6% Fib retracement level of the recent decline from the $237 swing high to the $217 low.

    Solana is now trading below $225 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $222 level. The next major resistance is near the $228 level or the 50% Fib retracement level of the recent decline from the $237 swing high to the $217 low.

    The main resistance could be $230. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $238. Any more gains might send the price toward the $245 level.

    Another Drop In SOL?

    If SOL fails to rise above the $230 resistance, it could continue to move down. Initial support on the downside is near the $218 zone. The first major support is near the $212 level.

    A break below the $212 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $188 support in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

    Major Support Levels – $218 and $212.

    Major Resistance Levels – $230 and $238.

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    Aayush Jindal

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  • Solana At A Crossroads: This Key Indicator Holds The Key To $175 Or $220

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    Solana is once again at a pivotal crossroads, with its price hovering around the 50-day EMA —a level that could dictate its next major move. A decisive break above $220 could ignite fresh bullish momentum, while failure to hold could open the door for a slide back toward $175.

    SOL Tests 50-Day EMA As Market Watches Closely

    Lark Davis, a widely followed crypto analyst on X, recently noted that Solana has returned to test its 50-day EMA. This moving average has historically provided both support and resistance for SOL, making the latest retest a key moment for traders watching the coin’s short-term direction.

    In addition, Davis highlighted signs of improving momentum on the indicators. The MACD histograms are curving upward, hinting at a potential shift in momentum from bearish to bullish, while the RSI is slowly rising, suggesting that buying pressure may be building. These developments signal that Solana is preparing for a recovery phase if buyers step in with stronger conviction.

    Despite these encouraging signals, Davis noted that trading volumes remain muted. Low volume often raises concerns about the strength behind a move, as rallies without significant participation can fade quickly. 

    What To Watch For As Solana Builds Strength

    Analyzing the potential outlook for Solana, Lark Davis highlighted two distinct, high-stakes scenarios based on how the asset interacts with the 50-day Exponential Moving Average (EMA). This EMA acts as a pivotal line, and the price’s reaction here will determine the direction of the short-term trend.

    The first potential outcome is that if the price is decisively rejected at the 50-day EMA, known as a bearish retest, it would signal weakness and likely lead to a move downward. In this case, the analyst targets the $175 support level as the expected floor. While he qualifies shorting as “nasty business,” he suggests it could be done in this specific situation.

    The second outcome, which is a bullish scenario, requires a strong display of conviction from buyers. This involves a successful and robust reclaim of the 50-day EMA, specifically confirmed by today’s daily candle closing above $210. To further solidify this bullish case, the price ideally needs to push beyond the subsequent resistance at the 20-day EMA, which sits near $220.

    Given the immediate threat and the potential for a swift upside move, the analyst suggests a high-risk, high-reward play. Initiating a long position from the current price, near $209, with a tight stop-loss might be a sensible strategy to catch the bullish scenario and capitalize on the quick momentum if the price successfully reclaims the 50-day EMA.

    Solana

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    Godspower Owie

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  • From Store Of Value To DeFi Powerhouse: Solana Unlocks Bitcoin’s True Utility — Here’s How

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    Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost blockchain is changing that narrative. By bridging BTC into SOL’s DeFi ecosystem, BTC gains instant settlement, programmable use cases, and access to lending, borrowing, and yield opportunities.

    The best form of Bitcoin is literally on Solana, citing the network’s ability to transform BTC from a static store of value into a dynamic, productive asset. Solana Sensei, the Founder of Sensei holdings and Namaste group, has highlighted on X that 66% of all wrapped Bitcoin (wBTC) traders are on the Solana network. He supports this claim with the reasons why people are choosing to hold and use their BTC on SOL.

    Why Solana’s Speed And Low Fees Change The Game

    Solana is extremely cheap in transactions, a stark contrast to the $5 to $50+ fees often seen on the Bitcoin or Ethereum networks for the same move. With transaction finality in approximately 400 milliseconds, BTC transfers on SOL become nearly instant, compared to the minutes or hours of waiting on other chains. SOL’s capacity to process 65,000 TPS allows it to handle BTC at an internet-scale without network congestion.

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    Furthermore, Bitcoin becomes a programmable asset with deep integration into DeFi protocols like Jupiter, Raydium, Orca, Drift, and Kamino, enabling instant trading, lending, and use as collateral. Also, BTC becomes programmable in SOL DeFi, NFT, and RWAs, without the need for bridges across multiple chains.

    This integration transforms BTC into a dynamic, productive asset that can be used for lending, staking, and liquidity provision or structural products in ways that are not possible on the native BTC chain. BTC custody solutions, such as tBTC, sBTC, or the Wormhole BTC, combined with SOL’s high validator count and Jito MEV protection, are making it secure to use BTC on the network.

    Bitcoin on SOL pairs with USDC and USD1, which are the stablecoins that dominate settlement volume across all chains. With products like the SOL Mobile Saga and Seeker, there are instant BTC swaps and BTC payments on mobile. As the focus on SOL increases, the network is becoming a hub for ETFs and RWAs, with institutional flows ramping up. Meanwhile, Wrapped BTC on SOL will be directly plugged into that liquidity.

    Earning Native Bitcoin on Solana Through mSOL

    Analyst CPrinz, the on-chain Researcher, has revealed a new partnership between Marinade, SOL’s leading staking platform with 10 million and $1.7 billion in total value locked, and Zeus Network. 

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    Specifically, the collaboration is designed to expand the utility of Marinade liquid staked SOL token, mSOL, by enabling users to earn native BTC on the SOL blockchain. Also, this partnership unlocks new opportunities across DeFi, marking a major step forward for cross-chain innovation.

    SOL trading at $221 on the 1D chart | Source: SOLUSDT on Tradingview.com

    Featured image from Unsplash, chart from Tradingview.com

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    Godspower Owie

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  • Solana (SOL) Holds Recent Gains – Key Levels Before Another Surge

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    Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

    From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
    As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

    In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

    Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

    Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

    At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

    In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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    Aayush Jindal

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  • Solana Treasury Trend Accelerates: Pantera’s Helius Push Holdings Past $3B

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    Institutional investment in Solana (SOL) has entered a new phase, with corporate treasuries and leading funds accelerating their exposure to the blockchain.

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    Pantera Capital, Galaxy Digital, and Helius Medical Technologies have emerged as the most prominent players, collectively pushing Solana holdings above $3.8 billion.

    This surge in capital mirrors early adoption cycles once seen in Bitcoin and Ethereum, fueling speculation that Solana could evolve into a critical layer of global finance and overall crypto adoption.

    Pantera Leads With $1.1 Billion Solana Bet

    Pantera Capital has placed its biggest-ever bet on a single crypto asset: $1.1 billion in Solana. CEO Dan Morehead called Solana the “fastest and best-performing blockchain,” citing its ability to process nine billion transactions per day, more than all global capital markets combined.

    Morehead, who previously focused on Bitcoin and Ethereum, said the firm now sees Solana as its most promising long-term bet. “Our biggest position is Solana,” he emphasized, signaling a strong shift in institutional conviction toward the network.

    Helius and Galaxy Add Firepower

    Helius Medical Technologies has added a corporate twist to the Solana treasury strategy.

    Backed by Pantera and Summer Capital, Helius secured $500 million through an oversubscribed funding round, with an option to expand its treasury to $1.25 billion via stapled warrants. The adoption reflects a broader trend of public companies integrating Solana into their balance sheets.

    Meanwhile, Galaxy Digital aggressively acquired $1.55 billion worth of SOL in just five days, including a single $306 million purchase transferred to custody platform Fireblocks.

    This buildup coincided with Galaxy’s $1.65 billion investment in Forward Industries, further expanding Solana’s increasing presence in institutional finance.

    SOL's price trends to the upside on the daily chart. Source: SOLUSD chart on Tradingview

    A Defining Moment for Solana

    With Pantera’s $1.1 billion stake, Helius’s scaling plan, and Galaxy’s quick accumulation, Solana is seeing unprecedented institutional inflows. The trend mirrors Bitcoin’s early treasury adoption and Ethereum’s rise as the foundation of decentralized finance.

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    For Solana, the challenge is to maintain this momentum through ecosystem growth, developer retention, and macroeconomic resilience. If successful, the blockchain could establish itself as the next major category-defining digital asset, greatly increasing Solana’s (SOL) market position.

    Cover image from ChatGPT, SOLUSD chart from Tradingview

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    James Halver

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  • Solana (SOL) Corrects Some Gains – Is a Bigger Pullback Coming?

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    Solana started a fresh increase above the $232 zone. SOL price is now correcting gains below $240 and might aim for another increase if it stays above $20.

    • SOL price started a fresh upward move above the $232 and $240 levels against the US Dollar.
    • The price is now trading below $240 and the 100-hourly simple moving average.
    • There was a break below a bullish trend line with support at $242 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The pair could extend losses if it dips below the $230 zone.

    Solana Price Dips Below Support

    Solana price started a decent increase after it found support near the $212 zone, beating Bitcoin and Ethereum. SOL climbed above the $232 level to enter a short-term positive zone.

    The price even smashed the $240 resistance. The bulls were able to push the price above the $245 barrier. A high was formed at $250 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $200 swing low to the $250 high.

    Besides, there was a break below a bullish trend line with support at $242 on the hourly chart of the SOL/USD pair. Solana is now trading below $240 and the 100-hourly simple moving average.

    On the upside, the price is facing resistance near the $238 level. The next major resistance is near the $240 level. The main resistance could be $245. A successful close above the $245 resistance zone could set the pace for another steady increase. The next key resistance is $255. Any more gains might send the price toward the $262 level.

    More Losses In SOL?

    If SOL fails to rise above the $240 resistance, it could start another decline. Initial support on the downside is near the $232 zone. The first major support is near the $230 level or the 50% Fib retracement level of the upward move from the $200 swing low to the $250 high.

    A break below the $230 level might send the price toward the $224 support zone. If there is a close below the $224 support, the price could decline toward the $220 support in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

    Major Support Levels – $230 and $224.

    Major Resistance Levels – $240 and $245.

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    Aayush Jindal

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  • Solana (SOL) Bulls Complete Bullish Breakout — Eye $360 Mid-Term Target

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    Solana (SOL) has emerged as a major headliner following an impressive 20.89% gain over the last week. Solana’s price now sits comfortably within the $240 price range and is only 18.05% away from its present all-time high at $294. Interestingly, renowned market expert Ali Martinez has noted a positive effect of SOL’s recent price surge, which points to a sustained price rally.

    SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362

    In an X post on September 13, Martinez shares an in-depth technical analysis of the Solana price structure, which shows significant potential for a prolonged uptrend. Notably, SOL’s price gain from last week resulted in a breakout from a key ascending triangle formation, signaling strong bullish momentum that projects to higher mid-term targets.

    Looking at the chart below, the latest price surge effectively lifted Solana above the multi-month resistance zone near $205, where price had consolidated between April and August. It is clearly observed that breaking above this resistance, combined with the sustained higher lows that formed the ascending triangle, points to a classic bullish continuation pattern.

    Notably, the introduction of the Fibonacci extension levels provides more insight into the bullish potential of this recent breakout. The immediate price target presently lies at the 1.272 Fibonacci extension around $250, followed by the 1.414 extension near $277. However, if momentum continues, Solana could reach further upside levels, around $321 (1.618 extension) and the ultimate mid-term target at $362, which corresponds with the 1.786 extension.

    On the downside, the $205 breakout zone now serves as critical support. Holding above this level is crucial to maintaining the bullish outlook, as a decisive break below it could open the door for a retest of lower Fibonacci retracement zones, particularly around $176 or $156. However, the rising trendline that has supported price action since April adds another layer of structural support for bulls.

    Solana Price Outlook

    At the time of writing, Solana is trading at $246, reflecting a modest 1.67% gain over the past 24 hours. However, trading volume has declined sharply by 27.53%, currently standing at $7.49 billion.

    According to analysts at Coincodex, investor sentiment toward Solana remains broadly bullish, even as the Greed & Fear Index sits at a neutral 52. Their short-term outlook suggests limited price movement, with the asset projected to remain around $247 for the next month. Looking further ahead, analysts expect Solana to climb to $264 over the next three months, highlighting steady but moderate growth expectations.

    Nevertheless, with a market cap of $131.65 billion, Solana continues to rank as the fifth-largest cryptocurrency in the world.

    Solana

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    Semilore Faleti

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  • Solana (SOL) Closes Above $200 Mark, Bulls Aim for Another Breakout

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    Solana started a fresh increase above the $188 zone. SOL price is now consolidating above $200 and might aim for more gains above the $212 zone.

    • SOL price started a fresh upward move above the $192 and $202 levels against the US Dollar.
    • The price is now trading above $200 and the 100-hourly simple moving average.
    • There is a rising channel forming with support at $205 on the hourly chart of the SOL/USD pair (data source from Kraken).
    • The pair could extend gains if it clears the $212 resistance zone.

    Solana Price Aims For More Gains

    Solana price started a decent increase after it found support near the $188 zone, unlike Bitcoin and like Ethereum. SOL climbed above the $195 level to enter a short-term positive zone.

    The price even smashed the $202 resistance. The bulls were able to push the price above the $208 barrier. A high was formed at $213 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $177 swing low to the $213 high.

    Solana is now trading above $200 and the 100-hourly simple moving average. There is also a rising channel forming with support at $205 on the hourly chart of the SOL/USD pair.

    On the upside, the price is facing resistance near the $212 level. The next major resistance is near the $215 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $232 level.

    Downside Correction In SOL?

    If SOL fails to rise above the $212 resistance, it could start another decline. Initial support on the downside is near the $205 zone. The first major support is near the $202 level.

    A break below the $202 level might send the price toward the $195 support zone and the 50% Fib retracement level of the upward move from the $177 swing low to the $213 high. If there is a close below the $195 support, the price could decline toward the $188 support in the near term.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

    Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

    Major Support Levels – $205 and $195.

    Major Resistance Levels – $212 and $215.

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    Aayush Jindal

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