{"id":189624,"date":"2025-04-17T21:14:06","date_gmt":"2025-04-17T21:14:06","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/crypto-trader-says-massively-bearish-solana-target-still-in-play-unveils-outlook-for-bitcoin-and-ethereum\/"},"modified":"2025-04-17T21:14:06","modified_gmt":"2025-04-17T21:14:06","slug":"crypto-trader-says-massively-bearish-solana-target-still-in-play-unveils-outlook-for-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=189624","title":{"rendered":"Crypto Trader Says Massively Bearish Solana Target Still in Play, Unveils Outlook for Bitcoin and Ethereum"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (<a href=\"https:\/\/dailyhodl.com\/currencies\/solana\" rel=\"noopener\" target=\"_blank\">SOL<\/a>) while updating his outlook on Bitcoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\" rel=\"noopener\" target=\"_blank\">BTC<\/a>) and Ethereum (<a href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\" rel=\"noopener\" target=\"_blank\">ETH<\/a>).<\/p>\n<p>Starting with Solana, Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1912402075897462784\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price.<\/p>\n<p><em>\u201cFor all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.\u201d<\/em><\/p>\n<figure style=\"width: 680px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" draggable=\"true\" src=\"https:\/\/pbs.twimg.com\/media\/Gom5oAKW0AAqpNS?format=jpg&amp;name=small\" alt=\"Image\" width=\"680\" height=\"447\"\/><figcaption class=\"wp-caption-text\">Source: Ali Martinez\/ X<\/figcaption><\/figure>\n<p>Solana is trading at $125 at time of writing.<\/p>\n<p>Turning to Bitcoin, Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1911900772800831949\">says<\/a> that the crypto king\u2019s support zone at around $82,024 is a \u201clevel worth watching closely\u201d as 96,580 BTC were accumulated at that price, according to data from analytics platform Glassnode. Accumulation patterns are on-chain metrics used to determine where buyer interest could potentially be found if the price falls to that level.<\/p>\n<figure style=\"width: 680px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" draggable=\"true\" src=\"https:\/\/pbs.twimg.com\/media\/GohifawX0AAKAeQ?format=jpg&amp;name=small\" alt=\"Image\" width=\"680\" height=\"387\"\/><figcaption class=\"wp-caption-text\">Source: Ali Martinez\/ X<\/figcaption><\/figure>\n<p>Bitcoin is trading at $83,999 at time of writing.<\/p>\n<p>Next up is Ethereum. <a href=\"https:\/\/x.com\/ali_charts\/status\/1911994893054165009\" rel=\"noopener\" target=\"_blank\">According<\/a> to the crypto analyst and trader, Ethereum could be \u201cgearing up for a major rebound\u201d as the Tom DeMark (TD) Sequential indicator is flashing a bullish signal on the weekly time frame. The TD Sequential indicator is a tool in technical analysis used to identify potential trend reversal points on price charts.<\/p>\n<figure style=\"width: 680px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" draggable=\"true\" src=\"https:\/\/pbs.twimg.com\/media\/Gohp135XMAAG4c1?format=jpg&amp;name=small\" alt=\"Image\" width=\"680\" height=\"447\"\/><figcaption class=\"wp-caption-text\">Source: Ali Martinez\/ X<\/figcaption><\/figure>\n<p>Citing Glassnode\u2019s data, Martinez further <a href=\"https:\/\/x.com\/ali_charts\/status\/1912026350313238701\" rel=\"noopener\" target=\"_blank\">says<\/a> that Ethereum is currently sitting above a major support level, going by the crypto asset\u2019s accumulation patterns.<\/p>\n<p><em>\u201cThe most critical support for Ethereum sits at $1,546.55, where 822,440 ETH were previously accumulated. A level worth watching closely!\u201d<\/em><\/p>\n<figure style=\"width: 679px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" draggable=\"true\" src=\"https:\/\/pbs.twimg.com\/media\/GohjDOoWUAAM0zM?format=jpg&amp;name=small\" alt=\"Image\" width=\"679\" height=\"425\"\/><figcaption class=\"wp-caption-text\">Source: Ali Martinez\/ X<\/figcaption><\/figure>\n<p>Ethereum is trading at $1,582 at time of writing.<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":189625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[12919,12920,17058,10954,21936,21030,21678,1820,12752,944,21029,7657,3307,11048,12884],"dealstore":[],"offerexpiration":[],"class_list":["post-189624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-bearish","tag-bitcoin","tag-btc","tag-crypto","tag-eth","tag-ethereum","tag-massively","tag-news","tag-outlook","tag-play","tag-sol","tag-solana","tag-target","tag-trader","tag-unveils"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Trader Says Massively Bearish Solana Target Still in Play, Unveils Outlook for Bitcoin and Ethereum - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=189624\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Trader Says Massively Bearish Solana Target Still in Play, Unveils Outlook for Bitcoin and Ethereum - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). 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