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Cryptocurrency News Articles
Crypto Expert Warns of a Major Solana (SOL) Price Breakdown—Is $100 Next?
Mar 11, 2025 at 06:30 am
Solana is at a turning point right now. Some analysts think it's about to go up, while others think it might drop
Crypto traders on X are buzzing about a turning point for Solana (SOL), with some analysts setting the stage for a major price breakdown.
As the cryptocurrency tests a key support level, their analyses diverge, presenting two possibilities for what might unfold next.
Two Pominent Crypto Traders Offer Conflicting Solana Price Predictions
Crypto expert Ali shared an analysis highlighting a critical juncture for Solana. According to his chart, if Solana breaks down from the strong support at $125, it could continue falling to $100, $85, or even $60.
The chart also shows an ascending wedge pattern, which is usually a sign of a downtrend. If Solana’s price can’t break out of the wedge and drops below the support, it might be setting up for more selling pressure.
#Solana is now at a crucial point of decision. If the price manages to stay above the $150 level, it could continue to rise and reach the targets of $185 and $280. However, if the price drops below $115, it might trigger further selling and decrease to the levels of $85, $60, and $40. As we move to the shorter time frame, we can observe that the
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Cboe BZX Exchange has submitted a proposed rule change to the Securities and Exchange Commission (SEC) seeking permission to amend the Fidelity Ethereum Fund (FETH)
- Mar 12, 2025 at 01:45 am
- This amendment if approved, will allow the fund to generate additional yield for investors through Ethereum's native stalking mechanism and this move could also transform the Fidelity Ethereum ETF from a passive holding vehicle into one that actively participates in the Ethereum network's proof-of-stakes consensus mechanism.