The post Range Breakout or $3,500 Target appeared on BitcoinEthereumNews.com. Solana price prediction discussions are intensifying as short term consolidation meetsThe post Range Breakout or $3,500 Target appeared on BitcoinEthereumNews.com. Solana price prediction discussions are intensifying as short term consolidation meets

Range Breakout or $3,500 Target

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Solana price prediction discussions are intensifying as short term consolidation meets long term channel projections. Analysts are now watching both a four hour breakout level and a weekly upper channel target for the next decisive move.

Solana Holds Tight 4 Hour Range as Traders Watch $90.68 Breakout Level

Solana traded inside a defined range on the four hour chart, with resistance at $90.68 and support at $76.66, according to market analyst Ali Martinez, known as Ali Charts on X. The structure shows repeated swings between those two levels, with price recently hovering near $83.40, close to the middle of the range.

Solana 4 Hour Range Chart. Source: Ali Charts on X (@alicharts)

The chart highlights multiple rejections near $90.68, where sellers stepped in and pushed price lower. At the same time, buyers defended the $76.66 zone on several occasions, preventing deeper declines. As a result, the market formed what the analyst described as a “clean range,” with clear horizontal boundaries and no confirmed breakout.

Price action over the past several sessions reflects consolidation rather than trend expansion. Each move toward resistance failed to produce follow through, while rebounds from support stalled before retesting the upper boundary. Consequently, momentum remains neutral until either side of the range gives way.

Ali Charts stated that he is not interested in trading inside the range and is instead focused on a breakout. A move above $90.68 would signal a potential shift toward upside continuation, while a breakdown below $76.66 could open the door for further downside. Until then, Solana remains confined between well defined support and resistance levels on the four hour timeframe.

Solana Weekly Chart Shows Rising Channel as Analyst Flags $3,500 Cycle Top Zone

Solana remains inside a long running rising price channel on the weekly chart, as market commentator CW8900 on X pointed to an upper band target for the current cycle. In a TradingView chart shared March 2, CW8900 said he expects Solana’s cycle top to form near the middle of the channel’s upper range, around $3,500.

Solana Weekly Rising Channel Chart. Source: CW8900 on X

The chart maps Solana’s multi year advance within two upward sloping boundary lines that have contained major swings since 2020. After a sharp run into 2021 and a deep 2022 drawdown, the price action later rebuilt and pushed back toward the channel’s mid zone, while staying above the lower trendline that has acted as support during pullbacks.

CW8900’s projection highlights the upper channel as the reference area for a potential cycle peak, with the midpoint of that upper band used as the target zone rather than the top boundary itself. The visual also includes a dashed internal guide line and a large upward arrow, signaling the analyst’s expectation for continuation within the structure, while the channel lines frame where resistance could tighten if the move extends.

Source: https://coinpaper.com/15145/solana-price-prediction-breakout-battle-now-3-500-cycle-target-next

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

LTC Cloud Mining aims to make mining simple and accessible

LTC Cloud Mining aims to make mining simple and accessible

LTC Cloud Mining simplifies crypto mining with accessible contracts, daily payouts, and a $20 welcome bonus. #sponsored
Share
Crypto.news2025/09/19 17:31
Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut

Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut

The post Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut appeared on BitcoinEthereumNews.com. In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE) led the altcoin rally on Thursday as digital assets responded positively to the Federal Reserve’s latest rate cut and project-specific developments. AVAX rocketed 10.1% to $32.59, while HYPE jumped 7.2% to $58.43 in the past 24 hours, according to CoinGecko data.  Other major altcoins followed suit, with Dogecoin (DOGE) advancing 5.4% to $0.27, Solana (SOL) climbing 4.5% to $244 and Cardano (ADA) rising 4.3% to $0.90. (ADA) rising 4.3% to $0.90.  Bitcoin (BTC) maintained its position above $117,000 with a modest 0.3% gain, while Ethereum (ETH) posted a 2.1% increase to $4,588. The rally follows the Fed’s widely anticipated quarter-point rate cut, which lowered the federal funds rate to a range of between 4.25% to 4.50%.  Bitcoin and other major digital assets largely traded flat in the immediate aftermath, as investors had already priced in the highly anticipated Fed call. “While the Fed’s rate cut buoyed broader risk sentiment, AVAX’s outperformance seems driven by Avalanche’s announcement of a $1 billion Digital Asset Treasury plan,” Min Jung, senior analyst at quantitative trading firm Presto, told Decrypt. The Avalanche Foundation is in advanced talks to raise $1 billion via a Nasdaq-listed firm backed by Hivemind and a Dragonfly-sponsored SPAC, with proceeds earmarked for discounted AVAX buybacks, according to the Financial Times. Bitwise also filed paperwork on Monday for an AVAX ETF, utilizing Coinbase to custody the digital assets, which adds to the token’s institutional adoption prospects. Jung noted the rally could “sustain in the near term…
Share
BitcoinEthereumNews2025/09/18 18:49
US Crypto Perps Are Coming Within a Few Weeks, Says CFTC Chair

US Crypto Perps Are Coming Within a Few Weeks, Says CFTC Chair

The US’ top derivatives regulator is gearing to open the door to crypto perpetual futures. Speaking on Tuesday at the Milken Institute’s Future of Finance conference
Share
Financemagnates2026/03/04 20:52