Fun

Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align – Analyst

News Feed - 2025-04-11 11:04:28

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Solana is now facing critical liquidity resistance as the broader crypto market attempts to stabilize following weeks of extreme volatility and uncertainty. After a brutal downtrend that saw SOL lose more than 47% of its value since early March, buyers are finally stepping in. This shift in momentum has sparked cautious optimism, but challenges remain ahead. Related Reading Ethereum Long-Term Holders Show Signs Of Capitulation – Prime Accumulation Zone? 1 day ago


SOL had been under immense selling pressure for nearly two months, dropping from its peak to levels not seen since late 2023. After briefly falling below $100, Solana has bounced back and is now testing a key trendline resistance — a level that could determine whether the recent rebound gains traction or fizzles out.


Top analyst Ted Pillows shared a technical view on X highlighting that Solana is now 60% down from its peak, suggesting that capitulation has likely taken place. According to Pillows, the current setup looks like a retest of trendline resistance, which has historically acted as a major barrier for price recoveries. As Solana nears this critical level, traders are closely watching for signs of a breakout or rejection. The next few days could determine whether SOL reclaims lost ground or resumes its downward trend. Solana Eyes Breakout As Bulls Return After Brutal Correction


Solana has finally shown signs of life after weeks of relentless selling pressure. Following a sharp correction that drove SOL to a low of $95, the asset bounced over 25% since Monday, signaling renewed buying interest. The recovery came in tandem with a broader market rebound triggered by U.S. President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, whose tariffs were raised from 125% to 145%.


Pillows shared a chart suggesting that Solana is once again testing a key trendline resistance, and capitulation may have already occurred. According to Pillows, this could be the turning point for Solana — provided bulls can secure a decisive daily close above $130. Solana testing key trend line | Source: Ted Pillows on X


Looking forward, multiple bullish catalysts are lining up for Solana. The highly anticipated Firedancer upgrade is expected to significantly boost scalability and performance. In addition, talks around the potential approval of Solana ETFs, as well as its inclusion in the Digital Asset Stockpile, add to investor optimism. On-chain activity is also rising, with stablecoin supply on Solana up 140% and DEX volume seeing a notable resurgence.


If SOL can push past this trendline resistance and close above $130, a sustained rally could follow — one that finally shifts market sentiment back in favor of bulls. Related Reading Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend 1 day ago SOL Price Holds Key Support as Bulls Eye Recovery


Solana (SOL) is currently trading at $117 as bulls attempt to reclaim momentum after weeks of selling pressure. The short-term goal remains clear: reclaim the $125 resistance zone, which has acted as a major barrier since the recent downtrend began. A decisive push above this level could open the door for a run toward $145, where the next liquidity zone sits and a full recovery rally may begin. Solana holding critical level | Source: SOLUSDT chart on TradingView


However, maintaining support above $112 is absolutely critical. This level has become a key pivot area in the 4-hour chart, and bulls must defend it to avoid triggering a bearish reversal. If this support fails, the probability of SOL dropping back below the $100 mark increases significantly, potentially reigniting panic selling. Related Reading XRP Network Activity Hits All-Time High Despite Market Volatility – Bullish Signal? 2 days ago


Despite market-wide volatility, SOL has shown resilience, bouncing more than 25% from its recent lows around $95. This upward momentum, however, needs to be sustained with consistent volume and strength above resistance levels. Investors are closely watching for a breakout above $125 as a potential confirmation that the recent bounce is more than just a relief rally. Until then, Solana remains in a tight range, with $112 and $125 defining the immediate battle zone.


Featured image from Dall-E, chart from TradingView 

News Feed

Hackers Used Deepfake of Binance CCO to Perform Exchange Listing Scams
Hackers Used Deepfake of Binance CCO to Perform Exchange Listing Scams A set of hackers managed to impersonate Binance chief communications officer (CCO) Patrick Hillmann in a seri
SEC pushes deadline on VanEck spot Ether ETF application
Turner Wright4 hours agoSEC pushes deadline on VanEck spot Ether ETF applicationThe commission"s delay on VanEck’s application to May 23 opened the proposal to public comment.2777 Total views1 Total sharesListen to art
William Suberg7 hours agoBitcoin price erases FOMC gains as US dollar surges on Q2 GDP printBitcoin casts off a U.S. GDP “nothingburger,” but DXY charges to two-week highs in what is traditionally a BTC price headwin
Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, d
Vitalik Buterin Among Time’s 100 Most Influential People of 2021
Vitalik Buterin Among Time"s 100 Most Influential People of 2021 Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market cap, has made Time magazine&
Bitcoin bulls aim for $72K after BTC futures premium hits a 5-week high
Marcel Pechman4 hours agoBitcoin bulls aim for $72K after BTC futures premium hits a 5-week highThe Bitcoin bull market is in full swing, as proved by the BTC futures premium reaching a five-week high.2984 Total views60
Gareth Jenkinson13 hours agoBIS, EU central banks building data platform to track crypto, DeFi flowsThe Bank for International Settlements and a handful of European central banks are building a system to track internatio
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
South African Regulator"s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins South African financial regulator, t
Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen
Zoltan Vardai10 hours agoEther price drop due to investor sentiment, not $420M ETF outflows — NansenEther’s price is subdued by a lack of risk appetite among investors caused by wider macroeconomic conditions.4673 To
4 Consecutive Difficulty Drops Make Bitcoin Block Rewards 49% Easier to Find
4 Consecutive Difficulty Drops Make Bitcoin Block Rewards 49% Easier to Find Following the largest mining difficulty drop in Bitcoin’s history, this weeken
Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait
Francisco Rodrigues10 hours agoDiamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year waitMt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.3530
DeNations, a Blockchain-Powered Metaverse, Launches the First INO – Initial Nations Offering
DeNations, a Blockchain-Powered Metaverse, Launches the First INO - Initial Nations Offering PRESS RELEASE. Smatoos , which is already known in the blockchain in