Solana (SOL) is showing a potential bullish setup with a monthly cup and handle pattern forming after recovering from 2022 lows. Since February, SOL has traded between $78 and $98, with $88 as a pivot point. A daily close above $98 could push prices toward $107 and $117, signaling a breakout. Support levels at $92, $89, and $78 are crucial to maintain the bullish outlook, while a drop below $78 would invalidate it. SOL also broke out of a long-term descending channel and is consolidating near $92–$95, indicating a possible trend reversal if it sustains above $95.
Solana (SOL) outperformed Bitcoin in early May, rallying 10 times more due to growing institutional support and strong ETF inflows. Despite this, SOL faced rejection near the $100 resistance level and has seen losses over the past three days, remaini...
Solana (SOL) recently faced rejection near the $98 resistance level but continues to hold important short-term support around $88 to $93. The price remains within a defined channel between $78 and $98, with a daily close above $98 needed to confirm a...
Solana surged nearly 10% following a trend breakout but has since pulled back slightly, viewed by analysts as a normal profit-taking pause rather than a reversal. The cryptocurrency remains in a bullish structure as long as it holds above critical su...
Bitcoin's price recently surged above the $80,500 level, indicating renewed buying interest. Despite this upward move, the cryptocurrency is still in a consolidation pattern, suggesting that traders are cautious and the market may be preparing for fu...
Data from Deribit reveals Ethereum and Solana options traders are leaning bullish, with Ethereum showing strong call option interest and Solana displaying balanced but call-favored volume. In contrast, XRP options traders are more defensive, with a h...
