• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Solana Retests Bearish Breakout Zone – $65 Target Still In Play?

April 16, 2025
in Bitcoin
Reading Time: 5min read
0 0
A A
0
Solana Retests Bearish Breakout Zone – $65 Target Still In Play?
0
SHARES
6
VIEWS
ShareShareShareShareShare

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solana’s favor, some see this move as a possible bearish setup rather than a reversal.

Related Reading

Top crypto analyst Ali Martinez shared a cautionary view on X, suggesting that Solana might be retesting the breakout zone from a right-angled ascending broadening pattern — a structure that often precedes sharp declines. According to his analysis, if Solana fails to hold current support levels, prices below $80 could come back into play. This aligns with broader macro concerns, as global trade tensions and volatile risk markets continue to pressure crypto valuations.

With both bullish enthusiasm and bearish warnings in the air, Solana’s price action in the coming days could determine whether this is a genuine recovery — or a setup for a deeper correction. Eyes are now on how SOL behaves around $125 in the short term.

Solana Faces a Pivotal Test as Global Risks Rise

Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile.

Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets.

These macro headwinds are colliding with technical pressure in Solana’s chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 — a level not seen since late 2023.

Solana retesting bearish breakout zone | Source: Ali Martinez on X
Solana retesting bearish breakout zone | Source: Ali Martinez on X

The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135–$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market.

Related Reading

SOL Price Faces Key Resistance After $136 Rejection

Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark — a zone that aligns with key daily resistance and short-term liquidity.

SOL testing critical supply | Source: SOLUSDT chart on TradingView
SOL testing critical supply | Source: SOLUSDT chart on TradingView

Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana.

Related Reading

If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest — but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone.

Featured image from Dall-E, chart from TradingView 

Credit: Source link

ShareTweetSendPinShare
Previous Post

U.S. Homeland Security Initiates Probe Into Crypto Bank Anchorage Digital: Report

Next Post

Gary Gensler Issues Altcoin Warning, Says Memecoins and ‘Sentiment Tokens’ Likely To Lose Public’s Interest

Next Post
The Most ‘Vertical’ Leg for Altcoins Since 2021 Is Now on Deck, Says Crypto Analyst – Here’s His Outlook

Gary Gensler Issues Altcoin Warning, Says Memecoins and ‘Sentiment Tokens’ Likely To Lose Public’s Interest

You might also like

Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6

Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6

March 7, 2026
Bitcoin Nears Two-Year ‘Make-or-Break’ Resistance: What’s Next?

Bitcoin Nears Two-Year ‘Make-or-Break’ Resistance: What’s Next?

March 5, 2026
Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

Bitcoin Price Prediction: Oil Just Exploded 20% — Is BTC About to Crash?

March 10, 2026
Crypto Hacks Drop in February as Phishing and Wallet Scams Surge

Crypto Hacks Drop in February as Phishing and Wallet Scams Surge

March 11, 2026
Jito Foundation Acquires SolanaFloor, Plans Relaunch After Security Shutdown

Jito Foundation Acquires SolanaFloor, Plans Relaunch After Security Shutdown

March 11, 2026
Bitcoin Holdings in Public Company Treasuries Exceed 200,000 BTC

Microsoft 365 Copilot Transforms Enterprise Workflows as Wave 3 Rolls Out

March 10, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Standard Chartered Identifies Two Major Catalysts

Ripple Launches $750 Million Share Buyback, Boosting Valuation To $50 Billion

March 11, 2026
Meta Lifts its Crypto Advertisement Banning Policy

Meta Unveils Four Custom MTIA AI Chips Targeting 2027 Deployment

March 11, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.