Solana Pressured To Register A Breakout – Can The Bulls Lift SOL This Week?
The bulls are gaining dominance in the market with Solana generating gains of 5.14% or currently at 0.001863 SOL/BTC. The SOL price is pulled mostly by the bulls with a slight tug coming from the bears. With these gripping forces, the SOL price is stuck. Currently, the bulls are relentlessly pushing the price closer to SOL’s resistance level. The bulls are putting in tremendous efforts to punch in a breach or else the bears will consolidate and ruin their efforts to register a breakout. With the low price, it’s now a huge wall to breach for the bulls waiting for that breakout. SOL....
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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. Related Reading: Analyst Sets Bold $1,314 Target For Solana After Cup-And-Handle Breakout SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362 In an X post on September 13, Martinez....
Solana (SOL) has undoubtedly been one of the major winners of the recent crypto rally after notching over 60% gains on the weekly chart. Since it has grown so much, expectations of a downside are common. However, one crypto analyst is bucking this trend as they see a continued breakout for the altcoin. Solana To […]
We’re wrapping up the last full week of May, and the NFT market is seemingly still performing strongly – considering the middling cryptocurrency market at large. Meanwhile, Solana NFTs are getting a nice boost in what the community is calling ‘Solana Summer.’ Can a rising tide lift all boats? Additionally, U.S. case law around NFTs […]
Solana price has moving been sideways for the last few months, and it has maintained the same price action. Over the last 24 hours, SOL has depreciated 2.6%. In the past week, the altcoin’s gains were negated by the ongoing lateral trading. Buying strength has remained low over the last week and that has further pushed Solana price to their closest support line. If buyers push the price higher, SOL could attempt to topple over the $33 price level. As sellers continue to dominate, it could be tough for SOL to experience a breakout from the $30-$32 price zone. The bulls failed to hold....
Solana (SOL) has recently pulled back to the $137 level, a key point that could dictate its next move in the market. As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if the bulls will capitalize on this pullback to ignite a breakout. This article aims to analyze Solana’s recent pullback to the $137 level and assess whether the bears can regain momentum to push the price lower or if the bulls will leverage this moment to drive a breakout. By examining key technical....