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Solana price breaks bearish structure, $95 target in focus

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Solana price breaks local bearish structure as $95 target comes into focus - 1

Solana price has broken its short-term bearish structure, signaling a potential momentum shift that could open the door for a bullish expansion toward the $95 resistance zone.

Summary

  • Local bearish trend invalidated, signaling a shift in short-term momentum
  • Holding above the value area low supports higher-low formation
  • $95 high-timeframe resistance is the next target, if bullish structure persists

Solana (SOL) price action is showing a notable improvement in structure after breaking out of a local bearish downtrend that had controlled price movement for much of the week. This shift marks an important technical development, as Solana has now printed a new high, signalling a potential transition away from short-term bearish control.

While broader market conditions remain mixed, the change in local structure suggests that downside momentum is weakening. If Solana can continue to build acceptance above key value levels, the probability of a sustained move toward higher resistance increases.

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Solana price key technical points

  • Local bearish market structure has been broken, confirming a higher high
  • Value area low remains intact, supporting higher-low formation
  • $95 high-timeframe resistance is the next upside target, if momentum persists
Solana price breaks local bearish structure as $95 target comes into focus - 1
SOLUSDT (4H) Chart, Source: TradingView

The recent price action on Solana has produced a clear break in market structure on the lower timeframes. After a prolonged period of lower highs and lower lows, Solana has now pushed above prior resistance and established a new swing high. This move invalidates the immediate bearish trend and shifts short-term momentum back in favor of buyers.

Market structure breaks are often early signals of trend transitions, particularly when they follow extended consolidations or corrective phases. In Solana’s case, the breakout suggests that sellers are losing control, at least in the short term, and that buyers are becoming more aggressive at current levels.

Holding value area low is critical

Despite the bullish development, confirmation will depend on Solana holding above the value area low. This level represents the lower boundary of fair value within the current range and often serves as a key decision point for whether to continue or fail.

As long as price action remains above this level, Solana has the opportunity to establish a higher low. A higher low would further reinforce the bullish shift in structure and increase confidence that the breakout is sustainable rather than a short-lived reaction.

Failure to hold this level, however, would return Solana to balance and reopen the risk of renewed consolidation or downside rotation.

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Higher highs and higher lows shift bias

If Solana continues to print higher highs while defending higher lows, the broader narrative within the current trading range will begin to shift. Multiple higher highs and higher lows would negate the prior bearish bias and suggest that the market is transitioning into a more constructive phase.

Such transitions often occur in stages, with initial breakouts followed by retests and consolidations before larger expansions take place. This underscores the importance of patience, as short-term pullbacks remain healthy within a developing bullish structure.

$95 resistance comes into focus

With the local bearish structure broken, attention now turns to the next major upside level. The $95 region represents a significant high-timeframe resistance area where price previously faced rejection. A move toward this level would align with typical follow-through behavior after a successful structure break.

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Reaching $95 would also place Solana back into the upper portion of its broader trading range. How price behaves around this level will be critical in determining whether the rally extends further or transitions into another consolidation phase.

What to expect in the coming price action

From a technical, price action, and market structure perspective, Solana is showing early signs of a bullish continuation. As long as price holds above the value area low and maintains the newly established higher high, the probability favors further upside exploration.

In the near term, traders should expect some volatility as the market digests the structure break. Controlled pullbacks that hold above support would strengthen the bullish case, while a loss of value could delay continuation.

For now, the evidence suggests that Solana’s recent breakout is meaningful. If momentum continues to build, the $95 resistance level stands out as the next key upside target in the current market phase.

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Crypto World

Polymarket Revenue Jumps as New Fees Take Effect

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Polymarket Revenue Jumps as New Fees Take Effect

Prediction market Polymarket’s recent fee expansion has started to affect its numbers, with daily fees and revenue climbing sharply in the days following a March 30 price overhaul. 

According to DefiLlama data, daily fees rose from about $363,000 on Monday to over $1 million on both Wednesday and Thursday, while revenue (the portion retained after incentives) reached as high as $995,000 on Wednesday before easing to about $899,000 on Thursday. 

Polymarket fees and revenue data since March. Source: DefiLlama

The jump follows the rollout of a broader fee model on Monday, when the platform expanded taker fees beyond crypto and sports to categories including finance, politics, economics, culture, weather and tech, while keeping geopolitical and world events fee-free. 

The spike shows how aggressively Polymarket is monetizing trading activity to maintain continued investor interest amid regulatory scrutiny in the US, Europe and other countries worldwide. Last week, Intercontinental Exchange, the parent company of the New York Stock Exchange, invested $600 million in Polymarket.

Prediction markets face growing regulatory scrutiny

The fee and revenue spike comes as prediction markets, including Polymarket, face growing regulatory scrutiny across multiple jurisdictions.

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In Europe, Polymarket has faced mounting restrictions, with Hungary and Portugal moving to block or limit access in January over concerns that the platform operates as unlicensed gambling. Regulators in both countries cited licensing issues and, in Portugal’s case, concerns around political betting.

Related: Peter Brandt, Polymarket traders don’t see new Bitcoin highs this year

On March 17, a court in Argentina ordered a nationwide ban on Polymarket, arguing that the platform allowed users to place bets without sufficient identity and age verification. The court said this meant that even children and adolescents could access the platform and place bets without any control. 

According to Polymarket’s website, the platform is currently blocked in 33 countries. Kalshi, on the other hand, reports that it’s banned in 52 jurisdictions. 

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List of jurisdictions where Kalshi is restricted. Source: Kalshi

In the United States, at least 11 states have taken legal action against prediction markets such as Polymarket and Kalshi, with several issuing cease-and-desist orders or considering new legislation.

Despite regulatory crackdowns, Polymarket and Kalshi are looking to expand, with both reportedly exploring new funding rounds that could value each platform at around $20 billion.

On March 24, Polymarket and Kalshi introduced new trading restrictions to curb insider trading following criticism over well-timed bets and growing concerns around market integrity.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?

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