Search
Close this search box.

Solana Price Prediction: Will It Surge or Retrace Next?

SHARE

Solana Price Prediction

SHARE

Table of Contents

  • Weekly and Daily Timeframes: Solana remains bullish overall, but recent price action hints at potential retracement
  • Lower Timeframes: Bearish signals on H4 and H1 suggest short-term opportunities, with key supply zones in focus
  • Potential Scenarios: Liquidity grabs above or below could determine the next significant move

Solana’s recent price movements present a fascinating mix of bullish and bearish signals across various timeframes. Here’s a detailed breakdown to help you navigate the action.

Weekly Timeframe: Bullish but Cooling Down

On the weekly chart, Solana reached a new all-time high (ATH) recently but is now showing signs of a slight pullback.

This could indicate a natural retracement following a strong rally, though the overall market structure remains bullish. Such corrections are typical and can be healthy for continued upward momentum.

Daily Timeframe: Still Holding Strong

Zooming into the daily chart, Solana’s bullish structure is intact, much like XRP‘s current setup.

However, traders should monitor closely for any weakening momentum. Retracements at this level might offer opportunities for re-entry, especially for those riding the bullish wave.

H4 Timeframe: Diverging Views on Market Structure

Here’s where things get interesting. On the 4-hour chart, the structure appears bearish, with lower highs and lower lows forming.

However, this interpretation depends on your trading style. Some traders may consider a shadow (wick) as a legitimate break of structure, while others wait for a confirmed close with a strong candle body.

That said, the supply zone identified in previous analyses remains relevant. Solana hasn’t yet reached this area, making it a point of interest for potential short trades if price action aligns.

H1 Timeframe: Focus on Supply Zones

Drilling down to the 1-hour chart, we see clearer opportunities for those eyeing short positions.

The supply zones highlighted earlier appear more defined and are worth watching closely.

These levels could offer potential entry points for bears if the price tests them.

M15 Timeframe: Reacting to Previous Demand

Finally, on the 15-minute chart, Solana shows a noteworthy reaction to a demand zone highlighted in our December 6 analysis.

While the bullish trend didn’t resume from this level, the reaction itself provided a short-term opportunity for savvy traders.

This demonstrates the importance of identifying key zones across timeframes.

Remember, no one can predict the market with 100% certainty. These scenarios are possibilities, not guarantees, and the market could still behave unpredictably.

Stay Informed

Follow Bitcoinsensus daily for high-quality analysis on the hottest cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana. We aim to bring you the latest insights to keep you ahead of the market.

Disclaimer: This content is for informational purposes only and does not constitute financial advice.

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.
Picture of Florian Biaggio

Florian Biaggio

My name is Florian, and I have a deep passion for forex, cryptocurrencies, and trading as a whole. I feel lucky, that I am able combine my skills with what I love. I'm very interested in factors driving price movements and enjoy uncovering the reasons behind them. My primary interests include Bitcoin, Altcoins, macroeconomics, and all related to trading.

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platforms

bybit-logo

Rating: 98%

Claim up to $30,050 in Bonus

100x Leverage

Rating: 90%

Get  20,000USDT in Bonus

Rating: 80%

Get up to  $8,100 in Welcome Bonus

Follow Us