Will Solana's weekly price jump lead to a recovery above $143?
Technical analysis showed that Solana was bearish on the higher timeframes, despite its strong price bounce over the past week.
Keep up with what's happening in the crypto world in real-time.
Technical analysis showed that Solana was bearish on the higher timeframes, despite its strong price bounce over the past week.
Crypto prices had a mixed performance last week, with popular tokens like Onyxcoin, Fartcoin, Jasmy, Hyperliquid, and Helium soaring. Other altcoins like Tezos, EOS, Movement, Toncoin, and Ethereum crashed by double digits.
The price of Solana (SOL) has risen above the $100 support and broken above the 21-day SMA barrier.
Solana is trading above the $125 mark after bulls stepped in with force, reclaiming critical technical levels and bringing some relief to a market that had been dominated by selling pressure. After weeks of steep declines and heightened volatility, Solana is finally showing signs of strength as buyers return and confidence starts to rebuild.
Solana's rally stalls below $140, with whale exits and clustered resistance flashing red flags.
Solana (SOL) has rebounded strongly, emerging as the best-performing altcoin in the top 10 today. After an extended period of market volatility, SOL surged by 8% in early trading to reclaim the key $124 resistance level.
Solana (SOL) short traders faced significant losses as the cryptocurrency market staged a recovery, with SOL emerging as the top liquidation leader. According to CoinGlass, Solana saw $14.69 million in total liquidations over the past 24 hours, outpacing XRP by $5.22 million.
The cryptocurrency market experienced a volatile week, influenced by global economic factors like trade war concerns and the pause on the U.S. tariff policy. While bitcoin saw a slight gain, solana, avalanche, and hedera showed significant price fluctuations, recovering from initial drops. Ethereum, however, suffered a substantial loss, failing to rebound like other top cryptocurrencies.
Solana price bounced back after plunging to a 13-month low earlier this week as some popular meme coins in its ecosystem bounced back.
Solana is now facing a critical liquidity resistance zone after enduring weeks of heightened volatility and intense selling pressure across the crypto market. Following a steep drawdown, SOL has finally shown signs of buyer interest, sparking renewed optimism among traders.
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Solana plunged to a 12-month low of $95.23 on April 7, marking a sharp decline amid broader market turbulence.
Cryptocurrency prices wavered as the US dollar index crashed and fear and greed index remained in the fear zone of 25. Bitcoin was stuck below $84,000, while other tokens like EOS, Cosmos, Tezos, and Near Protocol plunged.
As some altcoins experience price recovery in the cryptocurrency market, there have been huge liquidations with short traders experiencing losses. Solana (SOL) traders who bet short on the asset have seen a relatively intense liquidation in the past 24 hours.
Solana (SOL), the sixth-largest cryptocurrency by market capitalization, has increased by nearly 9% in the last 24 hours.
Solana price looks prime for a 45% rally according to one top crypto trader. His bullish forecast comes after the US Securities and Exchange Commission (SEC) dismissed a lawsuit against Helium, a protocol that runs on the SOL blockchain.
After an extended period of volatility, the price of Solana (SOL) has finally pared off all losses over the past week. At the time of writing, the coin has emerged as the best-performing altcoin in the top 10 after soaring as high as 8% in early trading to reclaim the $124 resistance point.
Solana-based meme coin Fartcoin price is eyeing the next potential rally as per the latest analysis. Despite currently trading well below its all-time high of $2.48 reached on January 19, 2025, Fartcoin has been forming a bullish pattern that could set the stage for upward movement.
PI is the biggest gainer from the larger-cap alts today.
Solana price has reclaimed its Volume Weighted Moving Average (VWMA) and $127 is a key inflection point that could trigger a reversal.
Trump's tariffs kept the markets on edge throughout the week causing havoc in global stocks. At the start of the week, stocks and crypto saw a sharp drop as new tariffs were looming. But as soon as Trump announced a 90-day pause on the tariffs on all countries except China, the markets swiftly rebounded.
Solana (SOL) is showing strong bullish signals as it trades within an ascending triangle formation, a classic technical pattern often preceding a breakout. Currently hovering around $116, up over 3% in the last 24 hours, SOL is approaching the key resistance level at $120a critical technical and psychological threshold.
XRP has officially crossed back above the psychologically and technically critical $2 mark, setting the stage for a potential rally toward $2.50 in the near term. A crucial indicator that has traditionally indicated trend reversals on cryptocurrency markets, the 200-day Exponential Moving Average (EMA) is regained by the asset as it gains momentum.
Conservative McDonald's shareholders also pushed for a bitcoin treasury and the meme token Fartcoin rose 30% in the past day.