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Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

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The Solana price has struggled to shake off its early-year woes despite a slightly improved general market climate in recent weeks. After falling from a nearly $150 valuation in the first quarter of 2026, the altcoin has been stuck within a consolidation range between $75 and $100 over the past few months.

The upper boundary of this consolidation zone proved formidable after the Solana price failed to fully capitalize on the injection of bullish momentum (triggered by news of the CLARITY Act passing the US Senate banking committee). A popular market analyst on the social media platform X has identified this specific resistance level and what lies on the other side for Solana.

A Break Above $98 Could Mean A Sustained Rally For SOL Price

In a recent post on the X platform, crypto pundit Ali Martinez pinpointed $98 as the level to break for the Solana price to reach its upside potential. According to the analyst, the cryptocurrency could embark on an approximately 30% rally if it sustains a break above this overhead resistance.

Martinez highlighted that the SOL token has been trading within a “well-defined” horizontal channel, with the lower and upper boundaries at $78 and $98, respectively. As a result of the CLARITY Act-induced market-wide rally, Solana’s price enjoyed some bullish momentum, only to be quickly truncated by the $98 ceiling.

Solana price

Having bounced back from this rejection around the pivot point at $88, Martinez believes the altcoin could be returning to the channel ceiling for another breakout attempt. The crypto trader noted that if the price of Solana does manage to break and close above the $98 (on the daily timeframe), investors could see a surge toward $107.

However, that is only an immediate target, as Martinez believes the Solana price could travel further up towards its secondary target at $117. As hinted earlier, this secondary target represents a more than 30% uptick from the current price point.

At the same time, Martinez offered an alternative scenario where the $98 resistance refuses to give way. According to the market analyst, the price of Solana could experience a pullback to the $88 pivot point  — or even to as low as the channel floor at $78 — if the resistance continues to hold strong.

In any case, the general market condition would need to improve if the altcoin is to enjoy sustained upside, especially given how sensitive financial markets have been to broader market dynamics in 2026.

Solana Price At A Glance

As of this writing, the price of SOL stands at around $89.33, reflecting an over 3% decline in the past 24 hours.

Solana price

This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now

This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now

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Ethereum (ETH) has now erased nearly all of the gains it posted earlier this month after facing renewed selling pressure across the market.

Its latest weekly sell signal has also raised concerns that another sharp corrective phase, similar to previous declines, could be developing.

Three Major ETH Downside Targets

Crypto analyst Ali Martinez flagged that a new weekly TD Sequential sell signal has appeared for Ethereum. The indicator has accurately predicted several major ETH moves over the past year, such as buy signals on April 14 and June 16, 2025, which were followed by rallies of 87% and 134%, respectively. Martinez also pointed to a sell signal on August 25, 2025, that “accurately timed” a 63% correction.

According to the analyst, if selling pressure increases, Ethereum could decline toward short-term support at $1,900, followed by mid-term and long-term downside targets at $1,565 and $1,090. He added that the $1,071 level, located near the bottom of a broader channel, appears to be a strong potential buying zone for Ethereum.

Santiment reported that Ethereum recorded its highest network realized profits in three weeks, as traders realized nearly $74.58 million in profits despite ETH’s correction. According to the on-chain analytics platform, the spike in realized profits was largely driven by holders who accumulated Ethereum earlier this year at much lower prices and are still selling at a profit during the recent decline.

The firm noted that ETH traded below the $2,000 level for much of February and March, a period when some traders continued accumulating despite broader market uncertainty and geopolitical concerns. Many of those wallets remain in profit even after the recent pullback and are now taking gains. The platform also highlighted increased on-chain transaction activity and price compression near the $2,240 level on four-hour charts, suggesting high distribution activity.

Higher transaction volume can lead to larger realized profit totals across the network, even when individual gains remain relatively modest.

Four Straight Days of Withdrawals

At the same time, US spot Ethereum ETFs have continued to see capital leaving the market over the past several days. Data compiled by SoSoValue revealed that these investment vehicles recorded four consecutive days of outflows this week. The funds saw $17 million in outflows on May 11, followed by a sharp $130.6 million withdrawal on May 12, which was the largest daily outflow level since March.

Outflows continued with $36.3 million on May 13 and another $5.65 million on May 14.

The post This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now appeared first on CryptoPotato.

Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way?

Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way?

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Over the past week, Cardano’s ADA has surged 6%, making it one of the best-performing top-15 cryptocurrencies.

Numerous analysts have recently spotted that the asset has been following a similar pattern witnessed during previous bull cycles, suggesting this could be just the beginning of a major rally.

‘Printing by the Plan’

Earlier this month, ADA came close to reclaiming the $0.30 mark, reaching its highest level since mid-March. It currently trades around $0.27, while its market capitalization remains above $10 billion.

The asset is often among the most talked-about cryptocurrencies and becomes the subject of price predictions. One popular analyst who recently touched upon the matter is JAVON MARKS. The X user claimed that ADA continues to maintain a similar structure to that observed in 2021 and shows “signs of strength.”  They set a target of $2.91, meaning that the price could be gearing up for a whopping 10x pump.

Prior to that, Sssebi opined that ADA had been consolidating over the past few months, as it did towards the end of 2024, which was later followed by a price increase above $1.30. That said, the analyst believes a surge above $1 is still in play this year.

For their part, Vuori Trading argued that ADA is still “printing by the plan” and sits in a “strong buy level.” The analyst envisioned a staggering jump to as high as $14, occurring sometime between Q3 2027 and Q1 2028.

Ali Martinez has also given his two cents lately. He emphasized the importance of the $0.25 support zone, noting that it has repeatedly acted as a major inflection point for the token.

For instance, in January 2023, ADA bounced off $0.25, resulting in an 88.27% jump over the following weeks. In September that year, this level again served as firm support, sparking a 243% surge.

More Bullish Signals

ADA’s Relative Strength Index (RSI) also supports the bullish case for further price increases. The ratio of the technical analysis tool has plunged to 22, indicating the asset has entered oversold territory and could be gearing up for a move north.

ADA RSI
ADA RSI, Source: RSI Hunter

The RSI measures the speed and magnitude of recent price changes and provides traders with vital information about potential price reversal points. It runs from 0 to 100, and conversely, anything above 70 is interpreted as a warning for an impending pullback.

The post Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way? appeared first on CryptoPotato.

Bitcoin Miners Bag Profit: 3,400 BTC Flow Out Of Reserves Since April

Bitcoin Miners Bag Profit: 3,400 BTC Flow Out Of Reserves Since April

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The price of Bitcoin has been relatively stable since the start of April, showing strong efforts to reclaim former highs. In its latest recovery attempt, the premier cryptocurrency finally returned above $80,000 for the first time since early February.

Unsurprisingly, a relevant group of network participants, known as Bitcoin miners, appears to be taking advantage of the steady rise in BTC’s value over the past few weeks. Interestingly, a continuation of this profit-taking trend could pose an obstacle to the market leader’s recovery.

Miners’ Profit-Taking Could Halt BTC’s Recovery

In a May 8th post on the X platform, crypto analyst Ali Martinez shared that Bitcoin miners’ behavior has shifted in recent weeks. The latest on-chain data shows that this group of network participants has been booking profits, as the price of BTC steadily climbed to a local high.

Highlighting changes in the Miner Reserves metric, which measures the total Bitcoin held in miner-affiliated addresses, Martinez revealed that about 3,400 BTC have been sent from addresses associated with network validators since April 7. Interestingly, this period has coincided with the coin’s price rising from $72,000 to around $82,790, further supporting the profit-taking hypothesis.

The analyst wrote on X:

Back then, Bitcoin was trading near $72,000. Through the recent climb toward yesterday’s peak of $82,790, which represents a 15% price increase, miners have been steadily booking profits. On-chain data shows that miners have offloaded approximately 3,400 $BTC during this run, taking advantage of the recent price expansion to cover operational costs or lock in gains at multi-month highs.

Bitcoin

Typically, falling Miner Reserves indicate that miners are distributing their coin to take profit, often to cover costs. As seen with several firms pivoting toward AI data centers, the profitability of the Bitcoin mining industry has been under significant pressure over the past few years. 

More pertinently, the latest profit-taking and selling pressure can pose a threat to the ongoing recovery in Bitcoin’s price. The flagship cryptocurrency, which appears to have slowed down over the past day, would need uninterrupted bullish momentum to continue its current upside rally.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $80,287, reflecting a mere 0.8% leap in the past 24 hours. Meanwhile, the market leader’s value has risen about 3% over the past seven days.

Bitcoin

Bitcoin Price Headed To $120,000? Why This analyst Thinks It’s A Good Time To Buy

Bitcoin Price Headed To $120,000? Why This analyst Thinks It’s A Good Time To Buy

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Crypto analyst Minga has predicted that the Bitcoin price could rally past $120,000 to a new all-time high (ATH) of $190,000 in the next bull cycle. The analyst also indicated that now is a good time to buy as BTC approaches a bottom. 

Analyst Gives Buy Signal as Bitcoin Price Approaches Bottom

In an X post, Minga said that the Bitcoin price is approaching a macro bottom and that this is the phase of the cycle where every dip becomes an opportunity to buy and accumulate long-term holdings. The analyst opined that BTC may tap the $58,900 to $54,500 region at a minimum this cycle, and that this area has been a point of interest (POI) for spot buying.

Minga revealed that he still expects a potential move down to $37,000 for the Bitcoin price in a max-pain scenario. However, he noted that the idea behind spot buying is not to go all in at once, but to build positions gradually over time. The analyst had also described a potential drop to $37,000 as a generational bottom, signaling that this is an area to go all in in preparation for the next bull cycle. 

Bitcoin

Meanwhile, the analyst stated that he will be looking at $194,742 as a potential area to start taking profits and offload a significant portion of his spot holdings. A potential rally to $194,742 would mark a new all-time high (ATH) for the Bitcoin price, surpassing its current ATH of $126,000. 

Minga also noted that the plans to take profits at this level are just a plan and that his final decision will be based on how the Bitcoin price behaves when it reaches those levels.

The Strategic Buy Zone For BTC

In an X post, crypto analyst Ali Martinez revealed two primary accumulation zones based on historical 40%-50% resets in past bear markets that occur after the crossover between the 50 and 200 Simple Moving Averages (SMAs). The first target is $40,000, representing a standard 30% reset from current levels. 

The second accumulation target is $30,000, representing a 50% decline from current Bitcoin price levels. Martinez stated that this setup has historically aligned with the last major downside before a generational macro bottom forms. 

The analyst noted that BTC has already seen a 52% correction and is currently 30 days into the 3-day SMA cross. As such, he remarked that if history rhymes, then BTC is likely entering the final accumulation window of this cycle within the next three to six days. 

At the time of writing, the Bitcoin price is trading at around $66,400, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Bitcoin