Solana (SOL), dear readers, presented herself at the modest sum of $207 at the moment the dispatch was penned, with a gentle daily decline and a weekly fall of six per cent. 😉
Notwithstanding this trifling weakness for the nonce, the wise council of analysts points to technical portents that might, with a proper turn of fate, herald further advances. 🤔
The MACD Cross on the Twelve-Hour Chart
Mr. Tardigrade, a trader of some notoriety, has vouchsafed a twelve-hour chart indicating that Solana hath formed another bullish cross upon the MACD indicator. In days of yore, such auguries have been followed by vigorous rallies, with each venture lasting longer and reaching loftier heights. 📈
Past crosses in July and August marked the dawn of extended rallies, each one surpassing the prior summit. The present cross appears after a retreat from the vicinity of $250. Mr. Tardigrade observed,
$SOL/12-hour Solana’s MACD bullish cross hath occurred again. Each cross leadeth to a longer and loftier uptrend.
– Trader Tardigrade (@TATrader_Alan) September 30, 2025
The chart outlines a possible movement toward $300-$330 should momentum continue its ascent. 💹
A Barrier on the Weekly Chart
Ether Wizz notes that Solana hath entered a stout resistance region betwixt $225 and $260 on the weekly chart. This range hath acted as a supply zone in former declines and is presently deemed essential for the market to surmount if the price would continue higher. 🧭
Notably, the chart revealeth a rounded “cup” structure forming since late 2021, the rim now being tested. Ether Wizz declared,
“This is the level to reclaim if SOL wants to hit a new ATH. Perhaps we may endure some rejection, but I firmly believe Solana shall rise above $400 this cycle.”
Technical extensions place possible upside levels near $495 and $618 if the breakout holds. 🚀
- Source: Ether Wizz/X
Pullback Levels on the Four-Hour Chart
Crypto Bully examined the four-hour chart, where Solana hath rebounded after a decline of twenty-five per cent in the past week. The price hath reclaimed the monthly open, near $200, a mark designated as a demand zone. 💷
Meanwhile, the chart shows a minor break in structure, hinting at a shift in momentum. The next upside target is near $228, identified as the breakdown point from earlier selling. Crypto Bully wrote,
$SOL – The playbook is much the same as in all the rest.
Bid the pullback, which might imitate the BTC CME gap fill.
Return above the monthly open after a respectable downtrend of twenty-five per cent over seven days.
Looking to bid around $200 for a move toward $228 (the point of breakdown). Invalidation…
– Crypto Bully (@BullyDCrypto) September 29, 2025
Liquidation Levels Near $218
Mr. CW has presented a liquidation heatmap showing heavy clusters of short positions above the present range, with the largest zone near $218. Solana presently trades around $210-$212, and a push higher into that region might precipitate widespread liquidations. 💥
Mr. CW stated, “If $SOL rises to $218, most short positions will be liquidated.” Such a motion would force their closure and thereby create additional buying pressure to sustain a sturdier rally. 🔥
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2025-09-30 21:00