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Solana Price Prediction: Against All Odds, This V-Shaped Rebound Could Launch SOL Toward New Highs

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SOL USD 1-day chart - ascending channel exhausts. Source: TradingView.

The deep decline over the past week may have exhausted sellers enough for a V-shaped reversal to bring bullish Solana price predictions up to speed.

The violent sell-off over the past week bears all the hallmarks of capitulation.

Crypto’s tenth-largest liquidation event on record flushed out excess leverage, forced indiscriminate selling, and drove the altcoin down to cycle lows in a single, compressed move.

Such episodes tend to occur near market bottoms, when fear peaks and weak hands are forcibly removed. Once that process completes, selling pressure collapses rapidly, often setting the stage for sharp V-shaped reversals.

With forced selling largely absorbed and leverage reset, the market has shifted from panic to stabilization. This transition often marks the inflection point where downside momentum fades, and buyers quietly regain control.

If follow-through demand emerges from here, Solana could transition rapidly from capitulation to recovery — putting a fresh all-time high back into focus as the broader bull market matures.

Solana Price Prediction: V-Shaped Rally Sets Up New Highs

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There is a technical basis for capitulation. With this final push lower, Solana has fully retraced the November breakout of its 7-month ascending channel, completing the corrective move.

The downtrend Solana has been locked into now appears exhausted, with price meeting the pattern’s original support near $100, a bottom marker over the past two years.

SOL USD 1-day chart - ascending channel exhausts. Source: TradingView.
SOL USD 1-day chart – ascending channel exhausts. Source: TradingView.

Momentum indicators show it. The RSI has crossed below the 30 oversold threshold, a level indicative of seller exhaustion and a pivot into a long-term uptrend as buyers step back in.

While the MACD has cratered with the liquidity event, it stands to be a setback in the previous trend towards a golden cross above the signal line.

With forced selling largely absorbed and leverage reset, any reversal attempt from here is likely to be sharp rather than gradual.

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From here, the next major upside targets sit at the $200 psychological level and Solana’s prior all-time highs near $300 — a potential 240% move from current prices.

And if Solana’s bullish fundamentals are re-priced as the broader market recovers, a push into fresh price discovery could follow.

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The post Solana Price Prediction: Against All Odds, This V-Shaped Rebound Could Launch SOL Toward New Highs appeared first on Cryptonews.

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Crypto World

Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

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Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

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The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

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“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

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However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

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Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

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BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.