Sajad-

$SOL
{spot}(SOLUSDT)

{future}(SOLUSDT)
If you look at the macro chart, it's a clear double top with a high chance of a liquidity sweep. We hit our first support , got a weak bounce and now heading toward 120 dollar. But based on market conditions Solana is going to 5-10 before the year ends or max 2026. If you really think this chart is going to 800-1K, you deserve this L! Most of these influencers are just selling dreams. Something big is cooking, see you on the other side.

The post Solana (SOL) Price Prediction for February 18 appeared first on Coinpedia Fintech News

Solana (SOL), the world’s fifth-largest cryptocurrency by market cap, failed to hold strong and is now poised for a price drop. The current market sentiment appears bearish, with major assets experiencing notable declines. SOL has also broken below its crucial support level of $180.

Solana (SOL) Price Action and Upcoming Level 

According to expert technical analysis, SOL has been gaining support from this crucial level since November 2024 and has tested it multiple times.

Source: Trading View

However, this time, as the asset fails to sustain, it loses this key level and closes a daily candle below $180, partially confirming a bearish move ahead. Based on recent price action and historical patterns, there is a strong possibility that SOL could witness a 15% price drop, reaching the $155 level in the coming days.

$115 Million Worth SOL Outflow

Following this notable breakdown, investors and long-term holders have been accumulating SOL tokens, as reported by the on-chain analytics firm Coinglass. Data from spot inflow and outflow reveal that exchanges have witnessed a significant outflow of $115 million worth of the asset, indicating potential accumulation.

Source: Coinglass

In this bearish market trend, such outflows can create buying pressure and potentially lead to a price rebound.

However, intraday traders appear to be following long-term holders, as they seem to be betting on the long side.

$45 Million Worth Long Bet

Data shows that traders holding long positions are strongly dominating the asset and are over-leveraged at $174.3, with $45 million worth of long positions. With such significant open positions, this level acts as a crucial support.

Conversely, $180 is another key level where traders holding short positions are over-leveraged, with $15.50 million worth of short positions. This suggests that short sellers are exhausted, which could help bulls reclaim the lost support level.

Source: Coinglass Current Price Momentum

SOL is currently trading near $177 and has experienced a 6% price drop in the past 24 hours. During the same period, its trading volume surged by 110%, indicating heightened participation from traders and investors amid the price decline.

COIN NAME : #SOL/USDT📉
SIGNAL TYPE : SHORT

I can see weekly chart shows SOL in a rising wedge pattern, which is typically bearish. The price recently rejected the upper trendline and is now testing a key support zone 🟩. Rising Wedge Breakdown 🔻: Price is testing support, a breakdown could lead to further downside. MACD & RSI: Bearish momentum with RSI declining, confirming weakness. Support Zone: Around $190-$200, failure to hold this could lead to more declines

I can see on this cart ToTAL3 indicates a potential double-top rejection at major resistance 🔴, hinting at a possible downturn. The market previously broke out from a bullish flag pattern (🔵), leading to a strong rally, but now faces a critical trendline test ⚠️. Rejection at Resistance 🔻: Price failed to break above the previous all-time high, signaling weakness.Rising Trendline Support 📈: If broken, further downside could follow. MACD & RSI: Bearish divergence seen, indicating potential sell-off pressure.

liquidation heatmap shows areas where large leveraged positions are getting liquidated, impacting price movement. Heavy liquidations (yellow zones) near $180-$185, indicating strong support 🚀. Major liquidity pools around $200-$210, which could act as a resistance zone. Price has been bouncing between these levels, indicating a range-bound market 🔄. The market may push towards liquidity pockets, triggering further liquidations.

Entry Price: 200 or Market Price

1st TP 🎯 at $ 196.46

2nd TP 🚀 at $ 193.82

3rd TP 🌟 at $ 185

$SOL
{future}(SOLUSDT)

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