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+102% By July? Why Solana Could Surprise Everyone

2d ago
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March has been a long tunnel for Bitcoin, altcoins, and the entire crypto market. On some days, even the most daring doubted that an exit existed before the 31st. Eyes are already turning towards April. For Solana, March was a slap for those who recently announced an imminent surge in crypto. A reminder that overly sunny forecasts do not protect from the rain.

Traders ébahis en contemplant le jeton Solana

Solana: decline, doubts, and painful lessons in March

« The pressure on cryptos should remain until April: will the market be able to catch its breath afterwards? » This question reflects the mindset surrounding Solana at this moment. In March, the crypto declined by 6.8%, and the 28th marked a drop of over 7%. The SOL token fell below 130 dollars.

A sharp correction, coupled with a decline in traded volumes.

This brutal cooling has dashed many hopes. The crypto market, already weakened by a persistent dominance of Bitcoin, hasn’t helped. While altcoins stall, investors are becoming more cautious. Some speak of a mini bear market within the current bullish cycle.

Solana’s dynamic in March resembles that of a runner stumbling as they approach the turn. Yet, despite this fall, the technical fundamentals are not entirely deteriorated. Support zones seem to hold. But how much longer before a real recovery?

Is the SOL crypto merely on pause or at the beginning of a more painful cycle?

In April, a wind of hope blows over Solana

March has been tough, but April could very well offer a different face. One of the most encouraging elements for Solana is the explosion of open interest, now exceeding 5 billion dollars. This shows strong activity in derivatives. Such momentum often precedes major movements.

Technical analysts detect a possible return of the bullish trend. Some foresee a resistance around 160 to 180 dollars. If this zone is breached, a surge towards 235 dollars becomes conceivable. The crypto market, though nervous, remains on the lookout for a trigger.

A tweet recently made the community smile:

SOL is tired of resting. April might just be its comeback tour.

In other words: nothing is lost yet, especially for those who can wait.

This wait is fueled by a slow but steady recovery of volumes. And by the return of some optimism among active traders. Altcoins could regain their shine if Bitcoin finally accepts to give a little space.

So, will Solana be the spring surprise of an still hesitant market?

When prophecies meet the data: should we believe in it?

Optimistic forecasts are plentiful. Experts estimate that Solana could gain up to 102% by July, reaching 263 dollars. This figure, while enticing, is debatable. Because the signals remain mixed. Some see a symmetrical triangle pattern, synonymous with volatility.

Others bet on a broader bull market scenario.

The real question mark remains the crypto market’s ability to maintain its momentum. Regulatory pressure, the Federal Reserve’s decisions, Bitcoin’s dominance over other cryptos… all these factors weigh heavily. Yet, the data does not lie. Investor behavior shows discreet accumulation, as if a recovery is preparing in the shadows.

It’s also worth noting that altcoins, often forgotten in times of stress, become the silent stars of rebounds. And Solana, with its speed and rich ecosystem, maintains a rebound potential above the average.

  • Open interest of over $5 billion on SOL;
  • Technical resistance between $160 and $180;
  • Potential estimated increase of +102% by July;
  • Trader activity in significant progression;
  • Recovery of volumes on several platforms.

The path remains uncertain. But when numbers dance with hopes, history can take an unexpected turn. Will Solana rise again or remain stuck in limbo?

Confidence is slowly reborn. Several signals suggest that a bright April is on the horizon for Solana. If the crypto crosses the right technical zones, it could approach 235 dollars. A performance that even skeptics are beginning to consider.

2d ago
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