• bitcoinBitcoin (BTC) $ 60,063.00
  • ethereumEthereum (ETH) $ 3,196.89
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 538.07
  • solanaSolana (SOL) $ 145.76
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,196.73
  • xrpXRP (XRP) $ 0.521218
  • the-open-networkToncoin (TON) $ 7.31
  • dogecoinDogecoin (DOGE) $ 0.113816
  • cardanoCardano (ADA) $ 0.431774
  • tronTRON (TRX) $ 0.139596
  • avalanche-2Avalanche (AVAX) $ 26.20
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,999.00
  • polkadotPolkadot (DOT) $ 6.23
  • chainlinkChainlink (LINK) $ 13.08
  • bitcoin-cashBitcoin Cash (BCH) $ 381.33
  • uniswapUniswap (UNI) $ 8.26
  • nearNEAR Protocol (NEAR) $ 5.42
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 5.82
  • litecoinLitecoin (LTC) $ 70.44
  • matic-networkPolygon (MATIC) $ 0.532110
  • wrapped-eethWrapped eETH (WEETH) $ 3,329.36
  • internet-computerInternet Computer (ICP) $ 8.97
  • kaspaKaspa (KAS) $ 0.172206
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 22.48
  • aptosAptos (APT) $ 6.50
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.20
  • stellarStellar (XLM) $ 0.100906
  • moneroMonero (XMR) $ 157.28
  • makerMaker (MKR) $ 2,759.98
  • hedera-hashgraphHedera (HBAR) $ 0.071300
  • blockstackStacks (STX) $ 1.71
  • crypto-com-chainCronos (CRO) $ 0.092150
  • filecoinFilecoin (FIL) $ 4.32
  • cosmosCosmos Hub (ATOM) $ 6.22
  • render-tokenRender (RNDR) $ 6.21
  • okbOKB (OKB) $ 39.61
  • mantleMantle (MNT) $ 0.727683
  • vechainVeChain (VET) $ 0.029188
  • arbitrumArbitrum (ARB) $ 0.704028
  • immutable-xImmutable (IMX) $ 1.36
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,236.99
  • injective-protocolInjective (INJ) $ 20.66
  • suiSui (SUI) $ 0.778084
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  • the-graphThe Graph (GRT) $ 0.194276
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,572.71
  • dogwifcoindogwifhat (WIF) $ 1.67
  • bonkBonk (BONK) $ 0.000024
  • arweaveArweave (AR) $ 24.98
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,325.95
  • notcoinNotcoin (NOT) $ 0.015494
  • lido-daoLido DAO (LDO) $ 1.69
  • aaveAave (AAVE) $ 100.67
  • ondo-financeOndo (ONDO) $ 1.01
  • bitget-tokenBitget Token (BGB) $ 1.04
  • theta-tokenTheta Network (THETA) $ 1.44
  • flokiFLOKI (FLOKI) $ 0.000147
  • fantomFantom (FTM) $ 0.496627
  • whitebitWhiteBIT Coin (WBT) $ 9.57
  • thorchainTHORChain (RUNE) $ 3.76
  • celestiaCelestia (TIA) $ 6.26
  • algorandAlgorand (ALGO) $ 0.146791
  • jasmycoinJasmyCoin (JASMY) $ 0.024441
  • based-brettBrett (BRETT) $ 0.118005
  • pyth-networkPyth Network (PYTH) $ 0.309873
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,172.30
  • jupiter-exchange-solanaJupiter (JUP) $ 0.798649
  • quant-networkQuant (QNT) $ 71.81
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  • coredaoorgCore (CORE) $ 1.11
  • elrond-erd-2MultiversX (EGLD) $ 35.86
  • gatechain-tokenGate (GT) $ 7.22
  • mantra-daoMANTRA (OM) $ 1.09
  • flare-networksFlare (FLR) $ 0.020110
  • kucoin-sharesKuCoin (KCS) $ 9.26
  • flowFlow (FLOW) $ 0.580828
  • akash-networkAkash Network (AKT) $ 3.47
  • axie-infinityAxie Infinity (AXS) $ 5.63
  • eosEOS (EOS) $ 0.550780
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,244.58
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.74
  • dydx-chaindYdX (DYDX) $ 1.34
  • bitcoin-svBitcoin SV (BSV) $ 40.73
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.03
  • galaGALA (GALA) $ 0.021933
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015660
  • tezosTezos (XTZ) $ 0.791646
  • msolMarinade Staked SOL (MSOL) $ 174.61
  • neoNEO (NEO) $ 11.13
  • fasttokenFasttoken (FTN) $ 2.36
  • starknetStarknet (STRK) $ 0.572100
  • usddUSDD (USDD) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.317324
  • zebec-protocolZebec Protocol (ZBC) $ 0.014217
  • roninRonin (RON) $ 2.14
  • ordinalsORDI (ORDI) $ 33.58
  • gnosisGnosis (GNO) $ 265.62
  • ethenaEthena (ENA) $ 0.401994
  • mog-coinMog Coin (MOG) $ 0.000002
  • lido-staked-solLido Staked SOL (STSOL) $ 170.95
  • fraxFrax (FRAX) $ 1.00
  • nexoNEXO (NEXO) $ 1.15
  • ecasheCash (XEC) $ 0.000032
  • frax-etherFrax Ether (FRXETH) $ 3,186.25
  • conflux-tokenConflux (CFX) $ 0.146694
  • decentralandDecentraland (MANA) $ 0.333666
  • chilizChiliz (CHZ) $ 0.068734
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,438.55
  • tether-goldTether Gold (XAUT) $ 2,412.88
  • safeSafe (SAFE) $ 1.39
  • pendlePendle (PENDLE) $ 3.82
  • zksyncZKsync (ZK) $ 0.159920
  • mina-protocolMina Protocol (MINA) $ 0.513960
  • dexeDeXe (DEXE) $ 10.13
  • havvenSynthetix Network (SNX) $ 1.71
  • popcatPopcat (POPCAT) $ 0.570832
  • klay-tokenKlaytn (KLAY) $ 0.150371
  • oasis-networkOasis Network (ROSE) $ 0.082471
  • astarAstar (ASTR) $ 0.076905
  • book-of-memeBOOK OF MEME (BOME) $ 0.007799
  • iotaIOTA (IOTA) $ 0.161027
  • heliumHelium (HNT) $ 3.22
  • swethSwell Ethereum (SWETH) $ 3,383.02
  • 1inch1inch (1INCH) $ 0.416261
  • axelarAxelar (AXL) $ 0.717408
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.92
  • wemix-tokenWEMIX (WEMIX) $ 1.25
  • wormholeWormhole (W) $ 0.285124
  • apecoinApeCoin (APE) $ 0.745295
  • worldcoin-wldWorldcoin (WLD) $ 1.84
  • raydiumRaydium (RAY) $ 1.90
  • true-usdTrueUSD (TUSD) $ 1.00
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,472.54
  • nervos-networkNervos Network (CKB) $ 0.010994
  • aioz-networkAIOZ Network (AIOZ) $ 0.430935
  • xdce-crowd-saleXDC Network (XDC) $ 0.031145
  • livepeerLivepeer (LPT) $ 13.89
  • theta-fuelTheta Fuel (TFUEL) $ 0.069800
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004589
  • pax-goldPAX Gold (PAXG) $ 2,404.91
  • apenftAPENFT (NFT) $ 0.00000045
  • bitcoin-goldBitcoin Gold (BTG) $ 24.95
  • illuviumIlluvium (ILV) $ 65.75
  • kavaKava (KAVA) $ 0.400770
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • stader-ethxStader ETHx (ETHX) $ 3,299.90
  • zcashZcash (ZEC) $ 26.95
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000075
  • layerzeroLayerZero (ZRO) $ 3.72
  • usdbUSDB (USDB) $ 0.998779
  • aevo-exchangeAevo (AEVO) $ 0.471446
  • aerodrome-financeAerodrome Finance (AERO) $ 0.725054
  • paypal-usdPayPal USD (PYUSD) $ 1.01
  • mx-tokenMX (MX) $ 3.81
  • echelon-primeEchelon Prime (PRIME) $ 8.65
  • woo-networkWOO (WOO) $ 0.193409
  • iotexIoTeX (IOTX) $ 0.039167
  • magaMAGA (TRUMP) $ 7.87
  • safepalSafePal (SFP) $ 0.772869
  • h2o-daoH2O Dao (H2O) $ 0.426829
  • singularitynetSingularityNET (AGIX) $ 0.510434
  • corgiaiCorgiAI (CORGIAI) $ 0.001007
  • curve-dao-tokenCurve DAO (CRV) $ 0.288237
  • compound-ethercETH (CETH) $ 64.26
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.066139
  • stepnGMT (GMT) $ 0.148521
  • rocket-poolRocket Pool (RPL) $ 16.42
  • kusamaKusama (KSM) $ 22.05
  • osmosisOsmosis (OSMO) $ 0.487759
  • compound-governance-tokenCompound (COMP) $ 47.66
  • memecoin-2Memecoin (MEME) $ 0.014812
  • beldexBeldex (BDX) $ 0.048476
  • arkhamArkham (ARKM) $ 1.39
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  • golemGolem (GLM) $ 0.317961
  • dashDash (DASH) $ 26.06
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  • zilliqaZilliqa (ZIL) $ 0.016450
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  • celoCelo (CELO) $ 0.545249
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003291
  • manta-networkManta Network (MANTA) $ 0.858411
  • ankrAnkr Network (ANKR) $ 0.028657
  • project-galaxyGalxe (GAL) $ 2.39
  • enjincoinEnjin Coin (ENJ) $ 0.170785

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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