Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

2025-05-22

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Solana looks for a bullish signal: can it break THIS zone?
Altcoins

Solana looks for a bullish signal: can it break THIS zone?

2024-12-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana formed a bullish cup-and-handle pattern, testing a crucial supply zone.
  • Strong technical indicators and social dominance indicated a higher probability of a bullish breakout.

Solana [SOL] waWe are building a strong bullish setup with a textbook cup and handle pattern on the weekly chart, indicating a possible breakout. At the time of writing, SOL was trading at $238.32, up 1.08% in the past 24 hours.

The price is now testing a critical supply zone, and a successful breakout here could spark a significant upside rally.

Traders and investors are curious to see if SOL can maintain its momentum and break through this resistance.

Is SOL on the verge of an outbreak?

Solana’s weekly chart clearly shows a classic cup-and-handle formation, a bullish pattern that suggests potential upside. The price is approaching a strong supply zone, a crucial resistance point.

A breakout above this zone would likely bring in more buyers, pushing the SOL higher. However, a rejection would result in a withdrawal.

Therefore, traders will closely monitor SOL’s movement here to determine the next price trend.

SOL chart analysisSOL chart analysis

Source: TradingView

What do the technical indicators say?

Technical indicators further support the bullish outlook. The RSI was at 66.11, indicating solid buying pressure, but still some room before becoming overbought.

Moreover, the MACD stood at 9.22, which strengthened SOL’s uptrend.

These bullish signals suggested that a successful breakout from the supply zone would strengthen these technical indicators, attracting more traders into long positions.

SOL technical indicatorsSOL technical indicators

Source: TradingView

Why is social dominance gaining ground?

SOL’s social dominance increased from 4.73% to 5.36% in just one day. This growth reflected increasing engagement and interest on social media platforms.

See also  Ripple’s XRP Trades Just Above Critical Price Level! Here’s What Can Happen Next To XRP Price

Such attention often correlates with higher market participation and price momentum.

Therefore, higher social dominance suggests more traders entering the market, which could further fuel SOL’s bullish momentum.

Source: Santiment

How will liquidations affect SOL’s momentum?

Liquidation data indicated strong bullish engagement among traders. SOL saw $44.39k in short liquidations and $1.49 million in long liquidations.

The higher volume of long liquidations indicates that many traders believe in the upward movement of SOL.

Consequently, these liquidations support the likelihood that SOL will break the supply zone and continue on a bullish trajectory.

Source: Coinglass

What does Open Interest reveal about the future of SOL?

Open interest rose 4.04% to reach $6.02 billion. This increase shows significant capital flowing into Solana futures contracts.

A higher Open Interest indicates that more traders are making large investments, which supports price stability and strengthens the bullish trend. This figure increases the chances of a successful breakout above the supply zone.

Source: Coinglass


Read Solana’s [SOL] Price forecast 2024–2025


Solana is on the verge of a crucial breakout, with a bullish cup and handle pattern on the weekly chart.

Therefore, SOL is likely to break through the supply zone, maintain its upward momentum and pave the way for a sustained price rally.

Next: Jupiter Looks at $1.90: Can JUP Hit a New Lifetime High?

Source link

Break Bullish Signal Solana Zone
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

2025-05-22

Solana to get a big design prevention

2025-05-22

Solana (SOL) strives higher with strong copper support, next stop $ 200?

2025-05-22

BNB meeting to all time becomes strong, but this crucial zone has to hold

2025-05-22
Add A Comment

Comments are closed.

Top Posts

PEPE has a surprise for investors; what’s the catch?

2023-06-16

Why a Web3 Version of SpaceX Would Be Good For The Whole Industry

2023-08-02

Binance in research in France for money laundering, tax fraud and other costs: report

2025-01-28
Editors Picks

Galaxy launches cross-chain bridge with celo-integration

2025-02-02

DeeKay Kwon Surprises Collectors With First-Ever Open Edition

2023-08-10

Cardano Flashes Bullish Outlook Amid Downtrend – Here’s Why ADA Price May Rise Soon

2023-05-04

5 new token standards you need to know

2023-06-03
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,506.932.51%
  • ethereumEthereum(ETH)$2,665.024.49%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.76%
  • binancecoinBNB(BNB)$680.471.68%
  • solanaSolana(SOL)$178.623.36%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2403513.17%
  • cardanoCardano(ADA)$0.804.16%
  • tronTRON(TRX)$0.2774972.14%
  • suiSui(SUI)$3.88-2.77%
  • chainlinkChainlink(LINK)$16.733.49%
  • hyperliquidHyperliquid(HYPE)$32.8817.83%
  • avalanche-2Avalanche(AVAX)$25.198.00%
  • stellarStellar(XLM)$0.3009232.00%
  • shiba-inuShiba Inu(SHIB)$0.0000152.71%
  • bitcoin-cashBitcoin Cash(BCH)$435.636.81%
  • hedera-hashgraphHedera(HBAR)$0.2033341.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.68%
  • the-open-networkToncoin(TON)$3.151.70%
  • polkadotPolkadot(DOT)$4.922.65%
  • litecoinLitecoin(LTC)$98.982.03%
  • moneroMonero(XMR)$396.285.81%
  • bitget-tokenBitget Token(BGB)$5.22-0.68%
  • pepePepe(PEPE)$0.0000141.46%
  • piPi(PI)$0.820.18%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$472.616.76%
  • uniswapUniswap(UNI)$6.412.10%
  • aaveAave(AAVE)$255.670.27%
  • nearNEAR Protocol(NEAR)$3.065.98%
  • aptosAptos(APT)$5.677.21%
  • ondo-financeOndo(ONDO)$1.013.45%
  • okbOKB(OKB)$52.740.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.616.64%
  • kaspaKaspa(KAS)$0.1174143.04%
  • internet-computerInternet Computer(ICP)$5.644.81%
  • ethereum-classicEthereum Classic(ETC)$19.703.53%
  • gatechain-tokenGateToken(GT)$21.750.32%
  • render-tokenRender(RENDER)$5.157.25%
  • crypto-com-chainCronos(CRO)$0.1001432.32%
  • vechainVeChain(VET)$0.0303963.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496453.16%
  • mantleMantle(MNT)$0.761.68%
  • ethenaEthena(ENA)$0.4179753.29%
  • worldcoin-wldWorldcoin(WLD)$1.5228.00%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • arbitrumArbitrum(ARB)$0.4309674.43%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.878.19%
  • bitcoinBitcoin(BTC)$111,506.932.51%
  • ethereumEthereum(ETH)$2,665.024.49%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.76%
  • binancecoinBNB(BNB)$680.471.68%
  • solanaSolana(SOL)$178.623.36%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2403513.17%
  • cardanoCardano(ADA)$0.804.16%
  • tronTRON(TRX)$0.2774972.14%
  • suiSui(SUI)$3.88-2.77%
  • chainlinkChainlink(LINK)$16.733.49%
  • hyperliquidHyperliquid(HYPE)$32.8817.83%
  • avalanche-2Avalanche(AVAX)$25.198.00%
  • stellarStellar(XLM)$0.3009232.00%
  • shiba-inuShiba Inu(SHIB)$0.0000152.71%
  • bitcoin-cashBitcoin Cash(BCH)$435.636.81%
  • hedera-hashgraphHedera(HBAR)$0.2033341.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.68%
  • the-open-networkToncoin(TON)$3.151.70%
  • polkadotPolkadot(DOT)$4.922.65%
  • litecoinLitecoin(LTC)$98.982.03%
  • moneroMonero(XMR)$396.285.81%
  • bitget-tokenBitget Token(BGB)$5.22-0.68%
  • pepePepe(PEPE)$0.0000141.46%
  • piPi(PI)$0.820.18%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$472.616.76%
  • uniswapUniswap(UNI)$6.412.10%
  • aaveAave(AAVE)$255.670.27%
  • nearNEAR Protocol(NEAR)$3.065.98%
  • aptosAptos(APT)$5.677.21%
  • ondo-financeOndo(ONDO)$1.013.45%
  • okbOKB(OKB)$52.740.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.616.64%
  • kaspaKaspa(KAS)$0.1174143.04%
  • internet-computerInternet Computer(ICP)$5.644.81%
  • ethereum-classicEthereum Classic(ETC)$19.703.53%
  • gatechain-tokenGateToken(GT)$21.750.32%
  • render-tokenRender(RENDER)$5.157.25%
  • crypto-com-chainCronos(CRO)$0.1001432.32%
  • vechainVeChain(VET)$0.0303963.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496453.16%
  • mantleMantle(MNT)$0.761.68%
  • ethenaEthena(ENA)$0.4179753.29%
  • worldcoin-wldWorldcoin(WLD)$1.5228.00%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • arbitrumArbitrum(ARB)$0.4309674.43%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.878.19%