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V-Shaped Recovery Pattern Signals $295+ Target for $SOL
Solana’s price chart has been carving out a clear V-shaped recovery on the weekly timeframe since January, suggesting a strong reversal from the previous downtrend. This bullish formation reflects growing momentum, supported by rising network activity and capital inflows.
Currently, SOL is trading just below a critical supply zone between $180 and $200. A decisive breakout above this range could trigger a rally toward the pattern’s neckline around $252, a key level needed to confirm the completion of the V-formation.
Should SOL clear that resistance, the next major target lies at the previous all-time high above $295 — representing a potential 66% upside from current levels. With both technical and onchain factors aligning, the setup points to a possible continuation of Solana’s bullish trajectory.
#solana #beyoglu
Solana’s price chart has been carving out a clear V-shaped recovery on the weekly timeframe since January, suggesting a strong reversal from the previous downtrend. This bullish formation reflects growing momentum, supported by rising network activity and capital inflows.
Currently, SOL is trading just below a critical supply zone between $180 and $200. A decisive breakout above this range could trigger a rally toward the pattern’s neckline around $252, a key level needed to confirm the completion of the V-formation.
Should SOL clear that resistance, the next major target lies at the previous all-time high above $295 — representing a potential 66% upside from current levels. With both technical and onchain factors aligning, the setup points to a possible continuation of Solana’s bullish trajectory.
#solana #beyoglu
Solana Following Bitcoin? Network Activity, Chart Pattern Point to $300 SOL Price
Solana’s native token, $SOL , has seen a powerful resurgence, climbing 86% between April 7 and May 26 amid a broader altcoin rally that also pushed Bitcoin to new all-time highs above $111,000. Despite encountering resistance around the $180 level, multiple onchain and technical indicators suggest SOL could be setting up for a retest of its previous all-time high above $300.
Onchain Growth: Solana’s TVL Jumps 54%
A key driver of SOL’s rally has been the remarkable growth across the Solana DeFi ecosystem. According to DefiLlama, Solana’s total value locked (TVL) surged from $6.12 billion on April 7 to $9.44 billion by May 26, representing a 54% increase. In the past 30 days alone, TVL has risen nearly 20%, highlighting renewed user activity and capital inflows.
The surge in TVL has been largely fueled by growth in top Solana-based decentralized applications. Raydium led the charge with a 52% increase in TVL, followed by Jito liquid staking (+25%), Jupiter DEX (+12%), and Kamino Lending (+11%) — all contributing to the strengthening of Solana’s DeFi landscape.
Moreover, Solana now boasts a $9.5 billion TVL, placing it ahead of all major Ethereum layer-2s combined, including Arbitrum, Optimism, and Base. It also surpasses $BNB Chain, which benefits from deep integration with Binance and Trust Wallet. This cements Solana’s standing as the second-largest blockchain by TVL, trailing only Ethereum.
Speculative Surge: Solana Memecoins Gain 65%
The spike in Solana’s DeFi activity coincides with an explosive rebound in its memecoin market. Between April 8 and May 26, the total market capitalization of Solana-based memecoins climbed from $8.1 billion to $13.4 billion, marking a 65% increase in less than two months.
While many Solana memecoins have posted double-digit daily losses in recent weekly and monthly timeframes, the majority still remain 50% to 80% above their local lows, reflecting strong underlying momentum in speculative interest.
What’s Next for SOL? Can It Reach $300?
With network fundamentals strengthening and investor interest in both DeFi and memecoins surging, #SOL appears well-positioned for further upside. The token’s consolidation near the $180 level may serve as a launchpad if broader market conditions remain favorable.
If Bitcoin maintains its strength and liquidity continues flowing into the Solana ecosystem, a break above key resistance could open the door to a retest of the $260–$300 range — levels last seen during the previous bull cycle.
#beyoglu
Onchain Growth: Solana’s TVL Jumps 54%
A key driver of SOL’s rally has been the remarkable growth across the Solana DeFi ecosystem. According to DefiLlama, Solana’s total value locked (TVL) surged from $6.12 billion on April 7 to $9.44 billion by May 26, representing a 54% increase. In the past 30 days alone, TVL has risen nearly 20%, highlighting renewed user activity and capital inflows.
The surge in TVL has been largely fueled by growth in top Solana-based decentralized applications. Raydium led the charge with a 52% increase in TVL, followed by Jito liquid staking (+25%), Jupiter DEX (+12%), and Kamino Lending (+11%) — all contributing to the strengthening of Solana’s DeFi landscape.
Moreover, Solana now boasts a $9.5 billion TVL, placing it ahead of all major Ethereum layer-2s combined, including Arbitrum, Optimism, and Base. It also surpasses $BNB Chain, which benefits from deep integration with Binance and Trust Wallet. This cements Solana’s standing as the second-largest blockchain by TVL, trailing only Ethereum.
Speculative Surge: Solana Memecoins Gain 65%
The spike in Solana’s DeFi activity coincides with an explosive rebound in its memecoin market. Between April 8 and May 26, the total market capitalization of Solana-based memecoins climbed from $8.1 billion to $13.4 billion, marking a 65% increase in less than two months.
While many Solana memecoins have posted double-digit daily losses in recent weekly and monthly timeframes, the majority still remain 50% to 80% above their local lows, reflecting strong underlying momentum in speculative interest.
What’s Next for SOL? Can It Reach $300?
With network fundamentals strengthening and investor interest in both DeFi and memecoins surging, #SOL appears well-positioned for further upside. The token’s consolidation near the $180 level may serve as a launchpad if broader market conditions remain favorable.
If Bitcoin maintains its strength and liquidity continues flowing into the Solana ecosystem, a break above key resistance could open the door to a retest of the $260–$300 range — levels last seen during the previous bull cycle.
#beyoglu
"#Ethereum Faces $106.5M in Liquidations as Price Struggles Near Key Resistance Levels"
$ETH saw $106.52 million in futures liquidations in the past 24 hours, with $56.20 million in long positions and $50.32 million in short positions being liquidated as per CoinGlass data. After briefly surging above $2,600 on Wednesday, ETH was rejected near the 200-day SMA. The price is currently up 2%, with bulls aiming to sustain a move above $2,500. For the next directional shift, ETH needs a strong move either above $2,850 or below the $2,260 - $2,100 range, with potential for a rally toward $3,250 or a drop to $1,688, respectively.
#beyoglu
$ETH saw $106.52 million in futures liquidations in the past 24 hours, with $56.20 million in long positions and $50.32 million in short positions being liquidated as per CoinGlass data. After briefly surging above $2,600 on Wednesday, ETH was rejected near the 200-day SMA. The price is currently up 2%, with bulls aiming to sustain a move above $2,500. For the next directional shift, ETH needs a strong move either above $2,850 or below the $2,260 - $2,100 range, with potential for a rally toward $3,250 or a drop to $1,688, respectively.
#beyoglu
"Crypto Rally Triggers $500M in Liquidations, Fueled by Short Squeeze"
The data you're referencing highlights a significant event in the crypto market where a strong rally triggered a wave of liquidations, totaling over $500 million in leveraged positions within a 24-hour period after the #Bitcoin surge significantly. The fact that 62.61% of these liquidations were short positions is notable because it suggests that many traders were overly bearish on the market, expecting prices to fall. This kind of positioning is vulnerable to short squeezes, where prices rise quickly, forcing short positions to close, which in turn drives prices even higher.
The largest single liquidation, valued at $6.36 million on Bybit for a $BTC BTC position, shows the scale of the moves happening in the market. These liquidations often signal heightened volatility and can further fuel price rallies, as the forced buying from short-covering amplifies price movements.
This phenomenon of short squeezes is common in highly volatile markets like crypto, where prices can swing drastically due to changes in trader sentiment or macroeconomic factors. In this case, the market’s previous bearish sentiment might have made the rally even more pronounced as those trapped in short positions were forced to close out their trades.
#beyoglu
The data you're referencing highlights a significant event in the crypto market where a strong rally triggered a wave of liquidations, totaling over $500 million in leveraged positions within a 24-hour period after the #Bitcoin surge significantly. The fact that 62.61% of these liquidations were short positions is notable because it suggests that many traders were overly bearish on the market, expecting prices to fall. This kind of positioning is vulnerable to short squeezes, where prices rise quickly, forcing short positions to close, which in turn drives prices even higher.
The largest single liquidation, valued at $6.36 million on Bybit for a $BTC BTC position, shows the scale of the moves happening in the market. These liquidations often signal heightened volatility and can further fuel price rallies, as the forced buying from short-covering amplifies price movements.
This phenomenon of short squeezes is common in highly volatile markets like crypto, where prices can swing drastically due to changes in trader sentiment or macroeconomic factors. In this case, the market’s previous bearish sentiment might have made the rally even more pronounced as those trapped in short positions were forced to close out their trades.
#beyoglu
$BTC Technical Analysis
The bitcoin direction is very obvious now, Bitcoin might test 62200$-62300$ and later we may see it going for correction again for 59000$ support that might get break this time . If this support get breaks we will see bitcoin trading at 57000$.
Bitcoin might do weekly close near 60600$-60800$ and that the start of new may be turn red. If we talk about the these three red candle on weekly time frame it is the forming three black crows candle stick pattern that is highly bearish.
#beyoglu
The bitcoin direction is very obvious now, Bitcoin might test 62200$-62300$ and later we may see it going for correction again for 59000$ support that might get break this time . If this support get breaks we will see bitcoin trading at 57000$.
Bitcoin might do weekly close near 60600$-60800$ and that the start of new may be turn red. If we talk about the these three red candle on weekly time frame it is the forming three black crows candle stick pattern that is highly bearish.
#beyoglu
$XRP
#XRP has come out with a LOT of promising news. Only thing holding it back is the outcome of their lawsuit. It is said that they will not have to pay SEC anything and say they don’t it should pump. Are any of you buying into XRP or own? Why or why not. Interesting in others perspectives
#beyoglu
#XRP has come out with a LOT of promising news. Only thing holding it back is the outcome of their lawsuit. It is said that they will not have to pay SEC anything and say they don’t it should pump. Are any of you buying into XRP or own? Why or why not. Interesting in others perspectives
#beyoglu
Central Bank of #Nigeria (CBN) is set to launch a pilot program for a private, consortium-managed stablecoin called cNGN.
#NigeriaAcceptsCrypto #beyoglu
#NigeriaAcceptsCrypto #beyoglu
What are the next #memecoins coming out or which ones will explode?
I'm curious about investing in meme coins and I'd like to know which ones are coming out this year or which ones to invest in that you think will get super returns and explode.
#beyoglu
I'm curious about investing in meme coins and I'd like to know which ones are coming out this year or which ones to invest in that you think will get super returns and explode.
#beyoglu
BeyOglu - The Analyst
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Bullish
$ETH Technical Analysis
#Ethereum was forming falling wedge pattern that was a bullish indications, and you can see it clearly as per my previous analysis how clearly it has break the resistance and still surging, according to the breakout it should go 3800$ in the end everything is depend over bitcoin.
#beyoglu
#Ethereum was forming falling wedge pattern that was a bullish indications, and you can see it clearly as per my previous analysis how clearly it has break the resistance and still surging, according to the breakout it should go 3800$ in the end everything is depend over bitcoin.
#beyoglu
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