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Solana price forms symmetrical triangle amid MACD cross

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Will Solana price break out of its symmetrical triangle as a daily MACD crossover confirms? - 2

Solana price is at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle formed on the daily chart over the past two months continues to compress price action toward its apex. A daily MACD bullish crossover has now printed inside the pattern, adding a momentum signal to a setup that traders and analysts are watching closely for directional resolution.

Summary

  • Solana price is trading at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle forms on the daily chart with converging trendlines connecting the February highs near $110 and the February lows near $67.
  • The daily MACD (12,26,9) has printed a bullish crossover with the histogram positive at 0.45, confirming improving momentum inside the triangle while both lines remain below zero.
  • A triangle breakout above the SMA 50 at $85.61 opens a path toward $98.42; a daily close below $80 invalidates the bull case and exposes the lower trendline near $76.

Solana (SOL) price is trading at $83.37 on April 14 with 24-hour volume of $6.28 billion, as a symmetrical triangle tightens on the daily chart. The pattern has been compressing price since mid-February, with the upper descending trendline connecting the February highs and the lower ascending trendline running from the cycle lows. The MA ribbon sits entirely above price: SMA 20 at $82.74, SMA 50 at $85.61, SMA 100 at $98.42, and SMA 200 at $129.44, all acting as sequential overhead resistance. The MACD crossover inside the triangle narrows the window before a directional resolution is forced by the apex.

The symmetrical triangle on the daily chart is defined by two converging trendlines that reflect a standoff between sellers applying progressively lower resistance and buyers establishing a higher floor from the February lows. The pattern has been building since mid-February, with price oscillating inside the boundaries through the Iran-driven volatility in March and into April. Price is now within striking distance of the apex, where a breakout or breakdown is typically accelerated by the energy stored in the compression.

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Will Solana price break out of its symmetrical triangle as a daily MACD crossover confirms? - 2

The MACD (12,26,9) has printed a bullish crossover inside the triangle, with the MACD line at -0.72 crossing above the signal at -1.16 and the histogram expanding to a positive 0.45. Both lines remain below zero, which limits the strength of the signal, but the expanding positive histogram confirms that sellers are losing control of momentum. Symmetrical triangles resolved with a MACD crossover in the direction of the breakout have historically carried higher follow-through rates than pattern breakouts occurring on flat momentum.

A CoinMarketCap markets update on April 14 noted that analysts see $108 as the next major target for SOL if momentum holds above $87, with bulls defending the $80 structural floor. The same update flagged Solana’s total economic activity reaching $1.1 trillion in Q1 2026, a 6,558% increase from the prior quarter, as evidence that the network fundamentals are decoupled from the current price structure.

Key Levels: Support, Resistance, and Price Targets

The SMA 20 at $82.74 is the immediate support and the level price must hold on a daily close basis to avoid slipping into the lower trendline near $80. A daily close below the lower trendline near $76 would break the ascending floor of the symmetrical triangle and shift the bias decisively bearish.

On the upside, the SMA 50 at $85.61 is the immediate resistance and the level a confirmed triangle breakout must clear on a daily close basis to attract follow-through buying. A close above $85.61 opens $98.42 as the next resistance, where the SMA 100 sits. The extended bull case, consistent with the symmetrical triangle measured target using the pattern’s widest point, points toward $108 to $110.

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Invalidation: a daily close below $80.

On-Chain and Market Data Context

Solana open interest stands at $5.01 billion per Coinglass, with futures volume reaching $10.98 billion in the past 24 hours. The elevated futures volume relative to spot activity of $630 million confirms that derivatives participants are the dominant force at the current price level, and the symmetrical triangle breakout direction is likely to be amplified by a cascade of positions on the wrong side of the move. Approximately $8.1 million in Solana futures positions were liquidated in the same 24-hour window.

Bloomberg Intelligence analyst James Seyffart noted in March that roughly 30 institutional investors had accumulated approximately $540 million in Solana ETF exposure, led by Electric Capital and Goldman Sachs, providing a structural demand floor at current levels even as price action remains technically compressed.

If Solana holds $82.74 on a daily close basis and the MACD histogram continues to expand, a test of the SMA 50 at $85.61 becomes the nearterm base case. A confirmed daily close above it would trigger the symmetrical triangle breakout and open $98.42 as the primary target, with $108 as the extended objective.

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Crypto World

Bitcoin Shows Bullish Chart Pattern, Targeting $90k

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Crypto Breaking News

Bitcoin extended its latest bounce, surging about 5% on Tuesday to a fresh intraday high near $76,120 as traders weigh a renewed bullish setup and stronger on-chain activity. The move rekindles expectations of a broader rally, with market participants eyeing higher targets if momentum persists and key resistance zones are cleared.

Key takeaways

  • Bitcoin punched to an intraday high around $76,120, reclaiming earlier resistance and signaling renewed upside momentum.
  • Analysts see a potential breakout above an ascending triangle pattern, with the next major hurdle near $80,000 and a measured target around $89,050.
  • On-chain activity supports the price move: daily transaction count rose sharply in 2026, reaching 765,130 million as of April 5, a level last seen in November 2024 when BTC briefly topped $100,000.
  • Network activity is corroborated by higher fee revenue, with total on-chain fees up about 4% week over week to roughly $153,700, suggesting greater willingness to pay for priority processing.

Price action and the chart setup

Trading data shows Bitcoin breaking above the upper boundary of its latest consolidation, with Tuesday’s rally pushing the price above $76,000—levels not seen since early February. Analysts described the move as a breakout that validates renewed bullish momentum, noting that a decisive close above the $75,000 to $76,000 zone would confirm the breakout and widen the path toward higher targets.

“Bitcoin surged above the $76,000 level, breaking above its March highs and signaling renewed bullish momentum,”

Skeptics and optimists alike are watching the same crucial points: a sustained close above the moving averages near $75,000 and a daily close beyond the resistance front near $80,000. If these thresholds are crossed, traders anticipate a continued push toward the measured target implied by the formation—roughly $89,050—which would mark a meaningful shift in the short-term trajectory.

Technical commentary also highlights the pattern at play: Bitcoin appears to be validating an ascending triangle after breaking above the upper trend line around $73,000 earlier in the week. A close above the confluence of the trend line and the 100-day moving average would bolster confidence in a bullish breakout, while a failure to sustain above $75,000 could reintroduce volatility and test lower supports.

As observers map the road ahead, one analyst emphasized that breaking above the pattern and the 100MA would indicate a genuine shift in momentum, potentially accelerating a move toward the $84,000 area and higher. The discussion underscores how chart structure, not just price level, is shaping expectations for the near term.

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On-chain activity corroborates the price move

Price strength is aligning with rising on-chain usage. Bitcoin’s daily transaction count has surged in 2026, reaching about 765,130 million as of April 5, according to CryptoQuant data cited in market briefings. This level marks a multi-month high and echoes earlier bursts of network activity that accompanied major price moves.

That activity level was last observed during a period in November 2024 when Bitcoin briefly traded into the six-figure territory, approximating a macro moment when speculative fervor and investor interest peaked. An analyst known on social channels noted that the current transaction count is higher than during some earlier high-price eras, suggesting sustained network engagement rather than a fleeting spike.

The on-chain signal is complemented by commentary from observers who point to the broader implications of rising usage: increased transaction counts can reflect a growing number of market participants, higher merchant adoption, or greater trader activity seeking to execute orders with priority. In this context, the 2026 uptick in activity helps explain why the market is not only chasing higher prices but also experiencing more active on-chain participation.

“The network is showing bull market behavior,”

That sentiment came from a Twitter analyst who highlighted the robust on-chain activity as a meaningful backdrop to price action. While the precise drivers behind the surge remain multifaceted, the association between rising transaction counts and bullish momentum is a recurring theme in recent market cycles.

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Fees rise as demand for on-chain priority grows

Beyond transaction counts, Fee activity also rolled higher. Glassnode’s Market Pulse observed that Bitcoin’s total on-chain fee volume increased about 4% over the prior week, reaching roughly $153,700. The uptick in fees is interpreted as heightened willingness among users to pay for priority processing, signaling sustained or expanding network demand even as price moves unfold.

From a market perspective, rising fees can reflect a mix of transaction acceleration by traders attempting to front-run or secure confirmations in a volatile environment, and real-world use cases driving higher activity. While fees alone do not determine price direction, they provide a complementary read on how busy the network is and how users are prioritizing their transactions in this phase of renewed activity.

What this means for traders and investors

The combination of a renewed price breakout, a believable chart pattern, and stronger on-chain signals paints a cohesive picture of renewed appetite among market participants. For traders, the key inflection point remains the daily close above critical resistance—roughly $75,000–$76,000—and confirmation of the ascending triangle’s breakout with a follow-through beyond the next hurdle near $80,000. If these thresholds hold, the measured move toward the mid-to-upper $80,000s—and potentially toward $89,050—becomes more credible.

Investors will also be watching whether the surge in on-chain activity and rising fee volume persists, as it can indicate longer-term engagement rather than a purely speculative sprint. The last time the network showed similar on-chain vigor was during prior price cycles when BTC breached notable price milestones, which adds a layer of historical context to the current setup.

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Nevertheless, uncertainties remain. The macro landscape—regulatory developments, policy shifts, and broader market conditions—will always color Bitcoin’s trajectory. A decisive close above resistance levels, followed by sustained momentum, would strengthen the case for a continued advance; a retreat or muted follow-through could prompt a reversion to nearer support around the $75,000 mark.

For readers watching the next chapters, the immediate priority is confirmation: a daily close above the $76,000 zone and a sustained push beyond $80,000 would provide a clearer path toward the higher targets implied by the chart pattern and the improving on-chain backdrop. Until then, the market remains in a wait-and-watch phase, balancing chart psychology with real-time network activity.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

Bitcoin Hit $76K But Did Bulls Fall Into A Trap?

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Bitcoin Hit $76K But Did Bulls Fall Into A Trap?

Key takeaways:

  • The US Federal Reserve’s shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets.

  • The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation.

On Tuesday, Bitcoin (BTC) price surpassed $76,000 for the first time in over two months, triggering $285 million in leveraged short liquidations. The rally closely tracked the S&P 500, indicating a high probability of a macroeconomic-driven event. Is the war in Iran the only factor behind Bitcoin’s price gains, and what are the odds of a bull trap?

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

Crude oil prices stabilized near $95 after peaking at $104 over the weekend, a move many traders view as positive. The inverted chart of crude oil prices depicts a high-intraday-correlation environment.

The war in Iran has been a major source of concern due to its impact on US inflation and supply chain logistics, which limits the ability of global central banks to trim interest rates and exerts negative pressure on economic growth. 

Simultaneously, gains in the S&P 500 and gold prices likely indicate a higher probability of stimulus measures, causing investors to seek shelter in scarce assets.

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Gold futures (left) vs. S&P 500 futures (right). Source: TradingView

The recent gains in the S&P 500 following failed negotiations to reopen the Strait of Hormuz may seem odd, but the added risk of recession provides the strongest incentive for governments to implement expansionary measures. Regardless of whether the US Federal Reserve opts for a cautious approach, the US Congress and the Trump administration can authorize direct investment in infrastructure projects and social programs, or provide tax credits.

Inflationary worries line up with investors’ Fed policy expectations

Bitcoin does not need to compete with stocks or even gold to capture the capital currently held in money market funds and short-term bonds. The longer oil prices remain above $90, the higher the upward pressure on forward inflation.

Reduced expected returns on fixed-income assets may be the primary catalyst behind Bitcoin’s surge above $75,000, and governments have few alternatives without expanding the monetary base.

US Federal Reserve total assets, USD billion. Source: St Louis FED

The US Fed changed its strategy to expand the balance sheet in January, reversing the trend from the previous two years. This move is highly supportive of risk markets, as short-term concerns about the bond market are diminishing. Financial institutions and hedge funds have greater access to liquidity and face less competition to offload US Treasuries, providing temporary relief to the stock market.

Regardless of whether Bitcoin holds above $75,000, there are few incentives for traders to take profits after two months of trading near $68,000, given the meager 10% gains. Even if Bitcoin eventually rallies to $80,000, that would represent a modest 20% gain for those who purchased at $66,500. Unless traders perceive an imminent risk to oil prices, the odds do not favor continued sell pressure on Bitcoin.

Related: Bitcoin’s struggle to build long-lasting uptrend continues–Here’s why

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Ultimately, given the likelihood of expansionary monetary policy and inflationary pressures, Bitcoin bears will have a difficult time showing strength, making the odds of a successful bull trap extremely low.