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Solana Price Prediction: SOL Faces $42 Target as Head-and-Shoulders Pattern Emerges

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solana price

The price of Solana (SOL) is teetering on the edge of a major technical breakdown today.

After plummeting 42% over the last 30 days and testing two-year lows, analysts warn that a massive head-and-shoulders pattern on the monthly chart signals a potential freefall.

If support fails, there might be no further support until the price hits $30.

solana price
A bearish head and shoulders setup could be the sign of SOL’s collapse. Source: TradingView

Solana is currently stuck in a “make-or-break” juncture.

Sitting at approximately $82, the token has erased billions in market value, reflecting a staggering 72% loss from its ATH of $293 in January 2025. While typical market corrections are expected, this downward spiral has validated a classic head-and-shoulders bearish structure across its chart from April 2025 to February 2026.

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For traders assessing the damage, whether SOL is one of the best cryptos to buy now might depend on whether key support levels can hold against this macro pressure.

Solana Price Prediction: Does the Head-and-Shoulders Pattern Indicate Imminent Collapse?

Is the bottom in, or is the pain just starting? The charts paint a grim picture.

Pseudonymous X crypto analyst “Shitpoastin” highlighted that a massive head-and-shoulders (H&S) pattern has formed on the monthly chart. This specific setup is notorious in technical analysis for signaling prolonged downturns.

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Analyst Bitcoinsensus confirmed a breakdown from this macro structure, projecting a downside target as low as $50 per SOL.

Other market watchers are even more bearish. Analyst Alex Clay flagged an aggressive target of $42, a level that aligns with a long-watched demand zone from previous cycles. This represents a potential further downside of nearly 50% from current levels.

However, it is not all doom and gloom. Solana’s MVRV extreme deviation bands suggest a potential floor at $75. Historically, SOL has staged rallies, like the 87% bounce in March 2022, after testing these lower boundaries.

Source: Glassnode

Discover: Best crypto to buy for portfolio diversification

What Traders Should Watch Next

If you are holding SOL, the $75 level is your line in the sand.

A decisive daily close below this support could trigger the secondary phase of the correction, mirroring the catastrophic drops seen during the 2022 crashes. This would likely open the floodgates toward the $30 to $42 range mentioned by analysts.

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Despite the price carnage, Solana’s network activity remains high, with fee revenue nearly doubling Ethereum’s recently.

Divergences between price and fundamentals often create opportunities to buy the best crypto, but only for traders who wait for confirmation.

Watch for a reclaim of $100 to invalidate the bearish thesis. Until then, the head-and-shoulders pattern dictates caution.

Discover: The best meme coins on Solana today

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The post Solana Price Prediction: SOL Faces $42 Target as Head-and-Shoulders Pattern Emerges appeared first on Cryptonews.

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Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech

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Bitcoin held steady near the $68,000 range on Wednesday as markets braced for a key speech from President Donald Trump on the Iran war. Reports suggest Trump may signal that the conflict is nearing an end, possibly within weeks, while framing recent actions as a strategic success.

However, despite the “war ending soon” narrative gaining traction, Bitcoin’s intraday data shows a more cautious market beneath the surface.

Rallies Sold, Not Built

Cumulative Volume Delta (CVD) shows a clear trend: sellers dominated most of the day.

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After an early push higher, CVD steadily declined into negative territory. This means more aggressive sell orders hit the market than buys. In simple terms, traders used price strength to exit positions rather than build new ones.

Even during small recoveries later in the day, selling pressure continued. That signals weak conviction behind the upside.

Bitcoin CVD on April 1, 2026. Source: TradingView

Volume Confirms Distribution

On-Balance Volume (OBV) tells a similar story.

While Bitcoin’s price moved sideways for much of the session, OBV trended lower. This divergence suggests that volume flowed out of the asset, not into it.

Put simply, the market was not accumulating Bitcoin. Instead, it was quietly distributing, with sellers outweighing buyers over the full session.

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Bitcoin On-Chain Volume on April 1, 2026. Source: TradingView

Late Buyers Step In — But Lightly

Chaikin Money Flow (CMF) adds a final layer.

The indicator flipped slightly positive toward the end of the day, showing that some buyers stepped in during the final hours. However, the move remained modest and inconsistent.

This suggests dip-buying activity, but not strong or sustained demand.

Bitcoin CMF on April 1, 2026. Source: TradingView

Market Prepares, But Doesn’t Commit

Taken together, the data points to a market positioning defensively.

Bitcoin appears to be pricing in the possibility of de-escalation. Yet traders are not aggressively betting on a breakout. Instead, they are selling into strength and waiting for confirmation.

The pattern aligns with a broader “sell the news” setup.

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Bitcoin Price Chart Over the Past Week. Source: CoinGecko

A Narrative Priced In — But Not Trusted

If Trump confirms a near-term end to the conflict, markets may react positively at first. However, Bitcoin’s flow data suggests that much of this expectation is already priced in.

For now, the market is not chasing the narrative. It is preparing for it — cautiously.

The post Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech appeared first on BeInCrypto.

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square


Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.