• bitcoinBitcoin (BTC) $ 64,020.00
  • ethereumEthereum (ETH) $ 3,144.54
  • tetherTether (USDT) $ 0.998554
  • bnbBNB (BNB) $ 588.00
  • solanaSolana (SOL) $ 152.17
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.533905
  • staked-etherLido Staked Ether (STETH) $ 3,143.06
  • dogecoinDogecoin (DOGE) $ 0.161006
  • the-open-networkToncoin (TON) $ 5.96
  • cardanoCardano (ADA) $ 0.463150
  • avalanche-2Avalanche (AVAX) $ 38.60
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • tronTRON (TRX) $ 0.120798
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,055.00
  • polkadotPolkadot (DOT) $ 7.28
  • bitcoin-cashBitcoin Cash (BCH) $ 472.35
  • chainlinkChainlink (LINK) $ 14.89
  • nearNEAR Protocol (NEAR) $ 7.35
  • matic-networkPolygon (MATIC) $ 0.756554
  • internet-computerInternet Computer (ICP) $ 13.49
  • litecoinLitecoin (LTC) $ 82.35
  • fetch-aiFetch.ai (FET) $ 2.40
  • uniswapUniswap (UNI) $ 7.68
  • leo-tokenLEO Token (LEO) $ 5.80
  • daiDai (DAI) $ 0.998630
  • hedera-hashgraphHedera (HBAR) $ 0.117995
  • ethereum-classicEthereum Classic (ETC) $ 27.77
  • aptosAptos (APT) $ 9.31
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997439
  • render-tokenRender (RNDR) $ 9.90
  • pepePepe (PEPE) $ 0.000009
  • cosmosCosmos Hub (ATOM) $ 9.33
  • crypto-com-chainCronos (CRO) $ 0.132675
  • mantleMantle (MNT) $ 1.07
  • dogwifcoindogwifhat (WIF) $ 3.49
  • blockstackStacks (STX) $ 2.32
  • filecoinFilecoin (FIL) $ 6.22
  • immutable-xImmutable (IMX) $ 2.23
  • stellarStellar (XLM) $ 0.111162
  • xtcom-tokenXT.com (XT) $ 3.15
  • wrapped-eethWrapped eETH (WEETH) $ 3,254.08
  • bittensorBittensor (TAO) $ 464.20
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,101.15
  • okbOKB (OKB) $ 51.24
  • optimismOptimism (OP) $ 2.88
  • arbitrumArbitrum (ARB) $ 1.10
  • the-graphThe Graph (GRT) $ 0.298274
  • vechainVeChain (VET) $ 0.037403
  • makerMaker (MKR) $ 2,889.55
  • suiSui (SUI) $ 1.12
  • kaspaKaspa (KAS) $ 0.110393
  • arweaveArweave (AR) $ 37.95
  • moneroMonero (XMR) $ 131.64
  • injective-protocolInjective (INJ) $ 25.65
  • theta-tokenTheta Network (THETA) $ 2.29
  • ethena-usdeEthena USDe (USDE) $ 0.998838
  • fantomFantom (FTM) $ 0.725638
  • celestiaCelestia (TIA) $ 10.35
  • flokiFLOKI (FLOKI) $ 0.000191
  • thorchainTHORChain (RUNE) $ 5.45
  • lido-daoLido DAO (LDO) $ 2.01
  • bonkBonk (BONK) $ 0.000027
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,467.93
  • coredaoorgCore (CORE) $ 1.94
  • galaGALA (GALA) $ 0.047913
  • bitget-tokenBitget Token (BGB) $ 1.17
  • algorandAlgorand (ALGO) $ 0.197844
  • sei-networkSei (SEI) $ 0.568122
  • jupiter-exchange-solanaJupiter (JUP) $ 1.15
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,214.40
  • quant-networkQuant (QNT) $ 101.80
  • whitebitWhiteBIT Coin (WBT) $ 10.08
  • beam-2Beam (BEAM) $ 0.025863
  • flowFlow (FLOW) $ 0.916416
  • aaveAave (AAVE) $ 90.22
  • ethenaEthena (ENA) $ 0.896238
  • bitcoin-svBitcoin SV (BSV) $ 64.71
  • worldcoin-wldWorldcoin (WLD) $ 6.25
  • singularitynetSingularityNET (AGIX) $ 0.995119
  • dydx-chaindYdX (DYDX) $ 2.23
  • ondo-financeOndo (ONDO) $ 0.856638
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ribbon-financeRibbon Finance (RBN) $ 1.25
  • wormholeWormhole (W) $ 0.674784
  • flare-networksFlare (FLR) $ 0.030489
  • neoNEO (NEO) $ 16.64
  • akash-networkAkash Network (AKT) $ 4.96
  • elrond-erd-2MultiversX (EGLD) $ 41.72
  • zebec-protocolZebec Protocol (ZBC) $ 0.021812
  • chilizChiliz (CHZ) $ 0.123833
  • axie-infinityAxie Infinity (AXS) $ 7.53
  • gatechain-tokenGate (GT) $ 8.19
  • the-sandboxThe Sandbox (SAND) $ 0.459060
  • ecasheCash (XEC) $ 0.000051
  • kucoin-sharesKuCoin (KCS) $ 10.55
  • starknetStarknet (STRK) $ 1.38
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.53
  • jasmycoinJasmyCoin (JASMY) $ 0.019715
  • eosEOS (EOS) $ 0.830554
  • havvenSynthetix Network (SNX) $ 2.87
  • tezosTezos (XTZ) $ 0.962607
  • msolMarinade Staked SOL (MSOL) $ 180.31
  • mina-protocolMina Protocol (MINA) $ 0.844589
  • heliumHelium (HNT) $ 5.50
  • roninRonin (RON) $ 2.83
  • conflux-tokenConflux (CFX) $ 0.226743
  • cheeleeCheelee (CHEEL) $ 15.72
  • book-of-memeBOOK OF MEME (BOME) $ 0.012130
  • ordinalsORDI (ORDI) $ 39.85
  • nervos-networkNervos Network (CKB) $ 0.019108
  • pyth-networkPyth Network (PYTH) $ 0.561979
  • decentralandDecentraland (MANA) $ 0.451853
  • axelarAxelar (AXL) $ 1.29
  • aioz-networkAIOZ Network (AIOZ) $ 0.767439
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,152.36
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,149.15
  • gnosisGnosis (GNO) $ 319.12
  • apecoinApeCoin (APE) $ 1.29
  • dexeDeXe (DEXE) $ 13.49
  • echelon-primeEchelon Prime (PRIME) $ 19.62
  • iotaIOTA (IOTA) $ 0.230374
  • kavaKava (KAVA) $ 0.690175
  • safeSafe (SAFE) $ 1.74
  • usddUSDD (USDD) $ 0.998089
  • theta-fuelTheta Fuel (TFUEL) $ 0.110025
  • nexoNEXO (NEXO) $ 1.29
  • lido-staked-solLido Staked SOL (STSOL) $ 182.79
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.72
  • oasis-networkOasis Network (ROSE) $ 0.100359
  • klay-tokenKlaytn (KLAY) $ 0.183653
  • swethSwell Ethereum (SWETH) $ 3,303.67
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000113
  • bitcoin-goldBitcoin Gold (BTG) $ 37.94
  • blurBlur (BLUR) $ 0.408612
  • ocean-protocolOcean Protocol (OCEAN) $ 0.999018
  • fraxFrax (FRAX) $ 0.999059
  • frax-etherFrax Ether (FRXETH) $ 3,159.89
  • illuviumIlluvium (ILV) $ 97.73
  • mantra-daoMANTRA (OM) $ 0.767711
  • golemGolem (GLM) $ 0.612409
  • popcatPopcat (POPCAT) $ 0.617787
  • osmosisOsmosis (OSMO) $ 0.925940
  • fasttokenFasttoken (FTN) $ 1.95
  • wemix-tokenWEMIX (WEMIX) $ 1.69
  • dydxdYdX (ETHDYDX) $ 2.23
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,365.66
  • woo-networkWOO (WOO) $ 0.308324
  • tether-goldTether Gold (XAUT) $ 2,322.58
  • arkhamArkham (ARKM) $ 2.60
  • dymensionDymension (DYM) $ 3.35
  • astarAstar (ASTR) $ 0.098819
  • venomVenom (VENOM) $ 0.326732
  • curve-dao-tokenCurve DAO (CRV) $ 0.447804
  • iotexIoTeX (IOTX) $ 0.056124
  • altlayerAltLayer (ALT) $ 0.375995
  • aerodrome-financeAerodrome Finance (AERO) $ 1.18
  • livepeerLivepeer (LPT) $ 15.77
  • pendlePendle (PENDLE) $ 5.18
  • true-usdTrueUSD (TUSD) $ 0.995566
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,394.51
  • corgiaiCorgiAI (CORGIAI) $ 0.001439
  • xdce-crowd-saleXDC Network (XDC) $ 0.035707
  • ankrAnkr Network (ANKR) $ 0.049074
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.39
  • mx-tokenMX (MX) $ 4.92
  • ether-fiEther.fi (ETHFI) $ 4.14
  • radixRadix (XRD) $ 0.045961
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.15
  • apenftAPENFT (NFT) $ 0.00000047
  • manta-networkManta Network (MANTA) $ 1.83
  • raydiumRaydium (RAY) $ 1.75
  • memecoin-2Memecoin (MEME) $ 0.026331
  • superfarmSuperVerse (SUPER) $ 1.02
  • 1inch1inch (1INCH) $ 0.390825
  • zilliqaZilliqa (ZIL) $ 0.024784
  • enjincoinEnjin Coin (ENJ) $ 0.309564
  • stepnGMT (GMT) $ 0.229604
  • holotokenHolo (HOT) $ 0.002490
  • celoCelo (CELO) $ 0.823912
  • project-galaxyGalxe (GAL) $ 3.81
  • amp-tokenAmp (AMP) $ 0.007790
  • jito-governance-tokenJito (JTO) $ 3.60
  • ravencoinRavencoin (RVN) $ 0.031340
  • terra-luna-2Terra (LUNA) $ 0.623022
  • 0x0x Protocol (ZRX) $ 0.499261
  • rocket-poolRocket Pool (RPL) $ 20.94
  • zetachainZetaChain (ZETA) $ 1.79
  • pax-goldPAX Gold (PAXG) $ 2,295.71
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.87
  • siacoinSiacoin (SC) $ 0.007273
  • polymeshPolymesh (POLYX) $ 0.392901
  • skaleSKALE (SKL) $ 0.079522
  • aelfaelf (ELF) $ 0.557103
  • compound-governance-tokenCompound (COMP) $ 58.94
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004508
  • qtumQtum (QTUM) $ 3.78
  • stader-ethxStader ETHx (ETHX) $ 3,228.52
  • origintrailOriginTrail (TRAC) $ 0.944003

Solana Price Nearing Massive Reversal Amid This Pattern Development

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Amid the ongoing relief rally in the cryptocurrency market, the Solana price has shown remarkable resilience, maintaining its position above the psychologically significant level of $80. This resurgence in buying interest has propelled the value of this altcoin value by 23% in just a week, leading to its current trading price of $97.3. This article will explore the potential factors that could sustain this recovery, potentially catalyzing a substantial reversal in the foreseeable future.

Constructive Pullback Set SOL for Higher Recovery

  • The SOL price reversal from the 38.2% Fibonacci retracement level hints the last correction assisted buyers to replenish the bullish momentum.
  • The rising 100 and 200-day EMA reflect the long-term trend in remain bullish
  • The 24-hour trading volume on the Solana coin is $2.1 Billion, indicating a 60% gain.

Solana Price Nearing Massive Reversal Amid This Pattern Development

Solana Price| TradingView Chart

Amidst a broader market downturn, especially following challenges with the Bitcoin ETF, the Solana price underwent a significant correction, plummeting from $126 to a recent low of $79. After this sharp 37.5% decline, the coin found solid support at the confluence of $80 and the 38.2% Fibonacci retracement level.

With the crypto market showing renewed recovery, as evidenced by the Bitcoin price rise above $42,000, the SOL coin managed to rebound from the aforementioned support levels. If the current bullish trend persists, it’s expected that buyers will target the immediate resistance at $102, corresponding with the 50% Fibonacci retracement of the recent correction.

A breakthrough above this resistance could propel the SOL price further, potentially revisiting the $126 level. Analysis of the daily time frame chart indicates that such a rally could complete a “Cup and Handle” pattern, a bullish reversal pattern typically observed at the end of major bear markets, suggesting a significant trend reversal for Solana.

Is Solana Price Ready For Uptrend?

The nearly two-year formation of the “Cup and Handle” pattern on Solana’s chart hints at a long-term bullish impact on its price. A breakout above the $126 neckline resistance could mark an early sign of a trend reversal, indicating the asset’s exit from a key accumulation phase. With sustained buying, the post-breakout rally might aim for an initial target around the $256 mark.

  • Exponential Moving Average: The recent jump above the 20 and 50-day EMA indicates the recovery trend is returning to SOL price.
  • Directional Moving Index: A potential bullish crossover between the DI+ and DI- could accelerate the bullish momentum in the market.

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