Altcoins News
By Julie Binoche
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Weekly Chart Shows Cup-and-Handle Pattern. Analyst CryptoJelleNL highlighted Solana’s weekly cup-and-handle formation, a bullish continuation…
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Daily Chart Insights: Liquidity Sweep and SMA Retest. On shorter timeframes, Solana has reclaimed the 50-day SMA, a bullish signal after a recent…
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Regulatory Climate Shapes Market Sentiment. Beyond technical charts, regulatory developments continue to shape Solana’s outlook.
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Outlook: Can Solana Break $250 Before Year-End?. With whales cashing out millions, Solana still shows resilience by defending its $208 SMA support.
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Solana ($SOL) faced heavy selling pressure this week as a major whale offloaded $31.59 million worth of tokens, according to on-chain analyst TedPillows.
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Despite the sizeable sell-off, Solana’s price quickly stabilized above the $208 simple moving average (SMA), reinforcing confidence that buyers are defending critical zones as…
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Analyst CryptoJelleNL highlighted Solana’s weekly cup-and-handle formation, a bullish continuation pattern often seen before extended rallies.
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The $250 resistance level now acts as the final major hurdle for Solana’s year-end rally. A decisive breakout above this mark could unlock targets between $300 and $340, fueling…
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However, a failure to overcome $250 could trigger a temporary retreat toward $190–$200, where strong support remains.
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Key resistance levels in the near term sit around $229–$232, where supply zones could slow upward momentum.
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The Relative Strength Index (RSI) has bounced from oversold conditions but remains mid-range, suggesting cautious accumulation rather than overexuberant buying.
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At press time, Solana trades at $214, up 3.56% in 24 hours but still down 1.24% week-on-week. Trading activity remains strong, with $7.
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Beyond technical charts, regulatory developments continue to shape Solana’s outlook. Journalist Eleanor Terrett reported that the U.S.
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The move comes after the SEC’s September approval of generic listing standards, which streamline ETF approval processes.
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For Solana, this regulatory clarity may help offset short-term whale-driven volatility, reinforcing the token’s long-term narrative as one of the leading altcoin ecosystems.
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