Solana Price Prediction: Bulls Eye Breakout Toward $160 As Derivatives Expand Sharply
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- Solana tests a two-month trendline near $140, with major EMAs above price keeping the structure corrective rather than bullish.
- Spot flows turn positive with $5.53M in inflows, while derivatives activity surges as traders take leveraged long exposure.
- A breakout above $140-$146 shifts targets toward $160-$163, while failure risks a return to $134 and possibly $128.
Solana price today trades near $139 up 5.5%, extending a rebound that started from the $128 zone earlier in the week. The recovery is attempting to break a two-month descending trendline, but price remains capped beneath a cluster of moving averages that have acted as resistance throughout the downtrend.
Trendline Rejection Limits Recovery Attempts
On the 4-hour chart, Solana is pressing against the falling trendline near $140, a barrier that has rejected eve…
Read The Full Article Solana Price Prediction: Bulls Eye Breakout Toward $160 As Derivatives Expand Sharply On Coin Edition.
In This News
Coins
$ 137.62
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$ 136.87
-0.35%Share:
In This News
Coins
$ 137.62
+0.13%$ 136.87
-0.35%Share:
Read More
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Solana Price Prediction: Bulls Eye Breakout Toward $160 As Derivatives Expand Sharply
Share:
- Solana tests a two-month trendline near $140, with major EMAs above price keeping the structure corrective rather than bullish.
- Spot flows turn positive with $5.53M in inflows, while derivatives activity surges as traders take leveraged long exposure.
- A breakout above $140-$146 shifts targets toward $160-$163, while failure risks a return to $134 and possibly $128.
Solana price today trades near $139 up 5.5%, extending a rebound that started from the $128 zone earlier in the week. The recovery is attempting to break a two-month descending trendline, but price remains capped beneath a cluster of moving averages that have acted as resistance throughout the downtrend.
Trendline Rejection Limits Recovery Attempts
On the 4-hour chart, Solana is pressing against the falling trendline near $140, a barrier that has rejected eve…
Read The Full Article Solana Price Prediction: Bulls Eye Breakout Toward $160 As Derivatives Expand Sharply On Coin Edition.
In This News
Coins
$ 137.62
+0.13%$ 136.87
-0.35%Share:
In This News
Coins
$ 137.62
+0.13%$ 136.87
-0.35%Share:
Read More
Solana Price Prediction: Institutional Flows Into Spot ETFs Dry Up – Here’s the Catalyst They Might Be Waiting For