Tag: solana

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Solana price defends $145 level following ETF approval

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The post Solana price defends $145 level following ETF approval appeared com. With a strong resilience at the $145 level, the Solana price maintains support amid heightened volatility following its ETF approval. This opens the possibility of a bottom forming. Summary Key Support: $145 level defended for over a week, showing strong buyer demand. ETF Momentum: $9. 7M in inflows recorded, with seven consecutive days of investment. Bullish Outlook: Sustained ETF demand and support stability could trigger a rebound toward $200. Solana’s (SOL) price action has been consolidating around the $145 mark for over a week, with the level acting as a high-timeframe support zone. This region coincides with a previous capitulation low that has now become an area of demand. The continued defense of this level indicates growing confidence among buyers, especially following the recent approval of the Solana ETF that has seen strong investor inflows. Solana price key technical points: Critical Support: $145 level serves as high-timeframe support, repeatedly defended since the recent sell-off. Volume & Inflows: $9. 7 million in ETF inflows recorded, marking seven consecutive days of demand. Potential Bottom: Multiple retests at support and rising ETF interest suggest the formation of a bottoming structure. After the capitulation event that sent prices toward the $145 region, multiple rejections of lower prices have occurred each followed by wicks showing strong buybacks. This behavior typically represents the presence of demand absorption, a sign that sellers may be exhausted. The 0. 618 Fibonacci retracement closely aligns with the current support, adding technical confluence that strengthens this zone as a possible reversal pivot. Additionally, several candles have closed above this area, reinforcing the possibility that buyers are gradually regaining control. The immediate resistance to watch remains at $180-$200, where the value area high and 50-day moving average intersect. A decisive reclaim of this range,.

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Solana Price Might Not Slide Under $155 — Here’s Why

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The post Solana Price Might Not Slide Under $155 Here’s Why appeared com. Solana (SOL) has dropped by 5. 3% in the past 24 hours, extending its 30-day losses to over 27%. It’s one of the biggest large-cap losers this week, showing how bearish pressure has intensified. But while Solana’s structure remains weak, a few on-chain and derivatives signals hint that the downside could now be limited. Sponsored Crossovers Confirm the Bearish Setup Solana’s breakdown from the rising wedge pattern confirmed the bearish turn. But the problem deepens as two bearish crossovers are forming on the daily chart. A bearish crossover happens when a short-term Exponential Moving Average (EMA), a trend indicator that gives more weight to recent prices, crosses below a longer-term one, signaling that sellers have taken control. In Solana’s case, the 50-day EMA is about to cross under the 100-day, and the 20-day is nearing a cross below the 200-day EMA. These combined crossovers usually trigger further downside before a new base forms. Bearish Crossovers Loom: TradingView . However, the broader picture suggests that while sellers dominate, signs indicate that the worst for the Solana price may be behind us. Sponsored Derivative Data Suggests a Long Squeeze-Led Drop Solana’s latest 5. 3% daily drop appears more closely linked to derivatives than to heavy holder selling. The 30-day data from Bybit alone shows that most long positions and leverage are out of play. Only $103. 9 million in long leverage remains, compared to $1. 45 billion in shorts. The massive imbalance confirms that the correction was driven mainly by a long squeeze, rather than new bearish bets. One hope for the longs remains, though. As the perpetual space is now short-specific, even the smallest of Solana price rebounds can trigger a short-squeeze. That could lead to a relief bounce, if not a.

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White House Adviser Says Government Shutdown Likely to End This Week

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TLDR White House adviser Kevin Hassett said the US government shutdown will likely end this week after 20 days The shutdown has delayed crypto ETF applications for Litecoin, XRP, and Solana at the SEC Democrats plan to meet with crypto executives from Coinbase, Circle, and Ripple on Wednesday to discuss market structure legislation Polymarket prediction [.] The post White House Adviser Says Government Shutdown Likely to End This Week appeared first on CoinCentral.

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The Only 3 Altcoins You Need to Watch for Parabolic Gains After the Market Bottoms

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October 10th will go down in history. Countless altcoins experienced a dizzying fall, with some seeing their prices plummet to nearly zero within minutes. To be precise, over $19 billion worth of positions were liquidated, impacting more than 1. 6 million traders, with individual positions exceeding $200 million. These events served as a message that volatility [.] The post The Only 3 Altcoins You Need to Watch for Parabolic Gains After the Market Bottoms appeared first on Blockonomi.