📈 Solana (SOL) stalled at $150 this week but optimism remains. Analyst Ali Charts predicts SOL could hit $4,500, based on a potential breakout from a cup and handle pattern on the weekly chart.
🔎 For the bullish pattern to confirm, SOL must close above the handle resistance. However, the timeline for reaching $4,500 remains unclear, and several indicators suggest near-term hurdles.
📉 SOL DEX volumes have dropped from $20B to $6B as the meme coin frenzy fades. Lower trading activity hints at weakening momentum for a major rally.
🗣️ Social volumes have plummeted from 2,579 to 165, showing declining retail interest. Historically, reduced chatter coincides with weaker SOL price performance.
💬 Futures funding rates have flipped negative, according to Coinglass, signaling that traders expect more downside rather than a breakout.
📊 Currently, SOL is consolidating between $145–$152. A breakout above $152 could open the door toward $179 if bullish momentum continues. If RSI falls below 50, a bearish move could follow.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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