Thursday, November 20, 2025
DIGESTWIRE
Contribute
CONTACT US
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Blog
  • Founders
No Result
View All Result
DIGESTWIRE
No Result
View All Result
Home Blockchain

Solana Turns Bullish On 8H Chart – Break Above $147 Could Confirm New Trend

by DigestWire member
April 17, 2025
in Blockchain, Crypto Market, Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Solana is now at a critical juncture as it trades around a pivotal price level that could determine its short-term direction. After weeks of selling pressure and underwhelming price action, bulls are attempting to regain control—but success hinges on reclaiming higher resistance zones. Without a decisive move upward, Solana’s price action may continue to follow the broader downtrend that has defined the last few months.

Meanwhile, macroeconomic tensions continue to escalate. Trade conflicts between the United States and China are intensifying, with both nations imposing aggressive tariffs. This has created a high-risk environment across global financial markets, and altcoins like Solana are particularly vulnerable. With uncertainty rising and investor sentiment turning cautious, digital assets are under growing pressure.

However, there is a glimmer of technical optimism. Top crypto analyst Crypto Seth shared an analysis suggesting that Solana has flipped bullish on the 8-hour chart. According to his view, if SOL can break above key resistance, it could confirm a trend shift and trigger a potential recovery rally. Until then, traders are watching closely as Solana navigates a critical support-resistance battleground amid a volatile macro backdrop.

Bulls Must Hold the Line as Market Faces Trade War Pressure

Solana is currently trading in a make-or-break zone, having lost 55% of its value since reaching its all-time high in January. This decline mirrors a broader crypto and equities market correction that began when macroeconomic tensions escalated—most notably due to rising inflation, global instability, and intensifying trade war rhetoric between the United States and China.

Bulls now face a critical moment. Solana must hold current levels and reclaim key resistance zones to spark a recovery rally. Failing to do so could open the door to a sharp meltdown in price, particularly if macro conditions continue to deteriorate. US President Donald Trump’s unpredictable policy decisions, especially surrounding tariff impositions, have created a hostile environment for risk assets like Solana. Ongoing tariff escalations with China are only adding to market uncertainty, further weighing on investor sentiment.

However, there is a glimmer of hope from the technical side. Seth shared insights suggesting that Solana has flipped bullish on the 8-hour chart. According to his analysis, a break above the $147 level would confirm a trend shift and potentially pave the way for a sustained recovery. For now, all eyes remain on whether SOL can clear this level or face renewed pressure in a volatile global climate.

Solana reclaiming key levels | Source: Crypto Seth on X

Solana Faces Pivotal Resistance: Can Bulls Break Through?

Solana (SOL) is currently trading at $132 after several days of struggling to reclaim this key resistance zone. Price action remains uncertain, and bulls must now show strength to avoid a deeper correction. Reclaiming the $132–$135 range is crucial, as it could confirm short-term momentum and signal the start of a recovery rally.

SOL testing critical resistance | Source: SOLUSDT Chart on TradingView

To establish a higher high and shift the current downtrend structure, SOL must push decisively above the $150 level. This area has served as a strong rejection point in previous attempts and stands as the next major test for bullish continuation. A clean breakout above this level could open the path toward higher targets and renewed investor confidence.

However, if bulls fail to defend the $125 support level, Solana may risk a drop back to lower demand zones around $100—or potentially even lower, depending on broader market conditions. Macroeconomic uncertainty, continued trade tensions between the U.S. and China, and overall weakness in altcoins are all contributing factors weighing heavily on SOL’s price.

For now, traders are watching the $135 level closely. A breakout above this key threshold could shift the tide in Solana’s favor. Until then, caution remains warranted.

Featured image from Dall-E, chart from TradingView 

Read Entire Article
Tags: BlockchainCoin Surgesnewsbtc
Share30Tweet19
Next Post
Ripple-owned Hidden Road secures as broker-dealer license to expand institutional reach

Ripple-owned Hidden Road secures as broker-dealer license to expand institutional reach

Two arrested on suspicion of murder after woman’s disappearance

Two arrested on suspicion of murder after woman's disappearance

Janet Mills says she’s ‘happy to go to court’ over Title IX lawsuit

Janet Mills says she’s ‘happy to go to court’ over Title IX lawsuit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result
Coins MarketCap Live Updates Coins MarketCap Live Updates Coins MarketCap Live Updates
ADVERTISEMENT

Highlights

Stars — They’re Just Like Us!

Emily Ratajkowski Shows Off Steamy Lingerie and Flaunts Her Famous Curves

5 Best Drama Movies to Watch in November 2025 Ranked by Rotten Tomatoes Score

Travis Kelce Says Breaking Chiefs’ Touchdown Record Was ‘Soured’ by Loss

‘King of the Hill’ Star Jonathan Joss’ Neighbor Is Charged With His Murder

Olympian Mallory Swanson Welcomes 1st Baby With MLB Star Husband Dansby

Trending

Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350
Blockchain

Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350

by DigestWire member
November 20, 2025
0

Monero (XMR) is back under heavy pressure as the market-wide correction deepens, with the privacy-focused cryptocurrency dropping...

Racing Solana Demand Drives TSOL’s Arrival With Staking-Focused Upside

Racing Solana Demand Drives TSOL’s Arrival With Staking-Focused Upside

November 19, 2025
Premier League: Five key questions ahead of the return to action this weekend

Premier League: Five key questions ahead of the return to action this weekend

November 19, 2025
Stars — They’re Just Like Us!

Stars — They’re Just Like Us!

November 19, 2025
Emily Ratajkowski Shows Off Steamy Lingerie and Flaunts Her Famous Curves

Emily Ratajkowski Shows Off Steamy Lingerie and Flaunts Her Famous Curves

November 19, 2025
DIGEST WIRE

DigestWire is an automated news feed that utilizes AI technology to gather information from sources with varying perspectives. This allows users to gain a comprehensive understanding of different arguments and make informed decisions. DigestWire is dedicated to serving the public interest and upholding democratic values.

Privacy Policy     Terms and Conditions

Recent News

  • Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350 November 20, 2025
  • Racing Solana Demand Drives TSOL’s Arrival With Staking-Focused Upside November 19, 2025
  • Premier League: Five key questions ahead of the return to action this weekend November 19, 2025

Categories

  • Blockchain
  • Blog
  • Breaking News
  • Business
  • Cricket
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Football
  • Founders
  • Health Care
  • Opinion
  • Politics
  • Sports
  • Strange
  • Technology
  • UK News
  • Uncategorized
  • US News
  • World

© 2020-23 Digest Wire. All rights belong to their respective owners.

No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Blockchain
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Strange
  • Blog
  • Founders
  • Contribute!

© 2024 Digest Wire - All right reserved.

Privacy Policy   Terms and Conditions

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.