Altcoins News
By Steven Anderson
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Bearish Patterns Forming on the Chart. Solana’s price chart has recently formed two concerning patterns: a bearish flag-and-pole…
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Key Levels to Watch. The $118 level is the key to Solana’s near-term future.
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Traders Betting on a Bearish Outcome. Traders’ behavior further suggests a bearish outlook for Solana.
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Whale Activity and Potential Accumulation. Despite the bearish sentiment, large investors, known as whales, have been showing interest in…
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Conclusion. Solana is at a critical juncture. The $118 level is key, and if SOL fails to hold this support, it…
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Solana (SOL) has faced significant challenges in recent weeks, with the cryptocurrency losing over 56% of its value from its peak in January 2025.
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The market sentiment surrounding Solana has turned bearish, with a combination of technical patterns and market activity indicating a potential decline of up to 37% if certain…
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Solana’s price chart has recently formed two concerning patterns: a bearish flag-and-pole formation and a head-and-shoulders pattern.
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The bearish flag-and-pole pattern suggests that SOL could experience further downward momentum after a brief consolidation period.
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If Solana fails to hold the $118 support level, it could face a sharp decline to test the next major support at $77, representing a 37% drop from its current value.
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The $118 level is the key to Solana’s near-term future. If the price drops below this threshold and closes a daily candle under $118, it would confirm a bearish trend, pushing…
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On the upside, if Solana manages to hold above $118 and rally, it may face resistance at $128.
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Traders’ behavior further suggests a bearish outlook for Solana. According to data from Coinglass, there are $127 million worth of short positions on SOL, showing that many…
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Conversely, the long positions on Solana are much smaller, reflecting the cautious sentiment among investors.
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Despite the bearish sentiment, large investors, known as whales, have been showing interest in Solana. Recent data from Coinglass reveals that exchanges have seen a $9.
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