ASSUMING BITCOIN PLAYS NICE, HIGHER TIMEFRAME ANALYSIS POINTS TO $90 SOLANA (SOL) PRICE

Last updated: June 20, 2025, 00:04 | Written by: Changpeng Zhao

The cryptocurrency market is a volatile beast, influenced by a multitude of factors ranging from macroeconomic trends to meme-driven hype.Among the myriad of digital assets vying for dominance, Solana (SOL) has emerged as a formidable contender, boasting impressive transaction speeds and a burgeoning ecosystem.However, its price trajectory, like that of most cryptocurrencies, is heavily influenced by the king of crypto: Bitcoin.Currently, Solana is consolidating near the critical $50 price range, a zone where bulls are cautiously exploring the possibility of an upward surge.But what happens if Bitcoin cooperates?Higher timeframe analysis suggests a potential target of $90 for Solana, contingent on Bitcoin maintaining stability or experiencing positive momentum. Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price - CointelegraphThis article will delve into the technical analysis, explore the key levels, and dissect the factors that support this bullish outlook, while also acknowledging the inherent risks and potential pitfalls that could derail the anticipated rally. Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing. Assuming Bitcoin plays nice, higher timeframe analysisJoin us as we navigate the intricate landscape of Solana's price action and assess the likelihood of reaching the coveted $90 mark, assuming, of course, that Bitcoin plays nice.

Solana's Consolidation Phase and the $50 Threshold

Solana (SOL) has been exhibiting a period of consolidation, hovering around the pivotal $50 price level.This consolidation phase can be interpreted as a period of indecision within the market, where buyers and sellers are locked in a tug-of-war. Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price 0:03The bulls are cautiously testing the waters, hinting at a potential upswing, while the bears are lurking, ready to pounce on any signs of weakness. SOLUSD Solana Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price. Solana continues to consolidate near the critical $50 price range, while bulls have begun toThe $50 mark serves as a crucial psychological barrier, acting as both a support and resistance level depending on the prevailing market sentiment.

A daily close below $49 could trigger another rapid sell-off, potentially driving the price down to around $39. Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price (SOL) price has begun to consolidate in a tightening range and if the widerConversely, a sustained break above the $50 level could signal the start of a bullish trend, paving the way for a significant price increase.Therefore, monitoring Solana's price action around this crucial level is paramount for traders and investors alike.

The Bullish Case for $90 Solana: A Higher Timeframe Perspective

While short-term price fluctuations are often driven by noise and speculation, higher timeframe analysis provides a broader perspective, revealing underlying trends and potential price targets. Another fast sell-off toward $39 is likely to occur if SOL closes the daily candlestick at or below $49. Time cycles indicate a change in trend may begin soon. Solana price action is poised for a substantial bullish bounce from a time cycle perspective. In Gann Analysis, one of the most powerful time cycles is the 180-day cycle (extending toAssuming Bitcoin maintains its stability or exhibits positive momentum, a higher timeframe analysis of Solana suggests a potential rally towards the $90 mark. The 2025 Volume Profile between $53 and $90 is extremely thin, indicating that any daily close above $53 would easily move towards the next high volume node in the $90 value area. In addition, the 50% Fibonacci retracement of the all-time high to the J weekly low and the 2025 Volume Point of Control also exist in the $90 price zone.This bullish outlook is supported by several technical indicators and historical data.

Volume Profile Analysis

The 2025 Volume Profile between $53 and $90 is exceptionally thin, indicating a lack of significant resistance in that price range. Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing. Solana (SOL) price has begun to consolidate in a tightening range and if the wider market remains stable, it s possible that SOL could break out in the short-term. SOL s upside potential in the short term could be significant with the move, itselfA Volume Profile is a chart that displays the total volume traded at each price level over a specified period.A thin volume profile suggests that there were relatively few transactions at those price levels, implying that the price could move quickly through that zone once it breaks above the $53 resistance.

This thin volume profile suggests that any daily close above $53 would likely trigger a rapid move towards the next high volume node in the $90 value area. Solana (SOL) price has begun to consolidate in a tightening range and if the wider market remains stable, it s possible that SOL could break out in the short-term. SOL s upside potential in the short term could be significant with the move, itself, occurring quickly. The 2025 Volume Profile between $53 and $90 is extremely thin, [ ]This implies that once the initial resistance at $53 is overcome, Solana's price could surge relatively quickly towards the $90 target, fueled by momentum and a lack of significant selling pressure.

Fibonacci Retracement and Point of Control

Further supporting the $90 target is the convergence of the 50% Fibonacci retracement level (calculated from Solana's all-time high to its recent weekly low) and the 2025 Volume Point of Control (POC).A Fibonacci retracement is a technical analysis tool used to identify potential support and resistance levels based on Fibonacci ratios. Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price⁣ bitcoin solana analysis assuming playsThe 50% retracement level is often considered a significant level of resistance or support.

The Volume Point of Control (POC) represents the price level with the highest trading volume over a specified period.It is considered a key area of interest for traders as it often acts as a magnet for price action.

The confluence of the 50% Fibonacci retracement and the Volume Point of Control at the $90 price zone strengthens the validity of this target. Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) priceIt suggests that this level is a key area of interest for both buyers and sellers, potentially leading to significant price action upon arrival.

Time Cycles and Potential Trend Reversal

Technical analysis is not solely based on price and volume; time cycles also play a crucial role in identifying potential trend reversals. Related: Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price. As the two trendlines converge, they could become a psychological entry point for investors with aAccording to time cycle analysis, a change in trend for Solana may be imminent.This is particularly significant because:

Time cycles attempt to identify patterns in market behavior that repeat over time.
These cycles are based on the idea that market trends are influenced by predictable, recurring events.

Gann Analysis, a form of technical analysis developed by W.D.Gann, emphasizes the importance of time cycles.One of the most powerful time cycles in Gann Analysis is the 180-day cycle.The proximity of this cycle suggests that Solana's price action is poised for a substantial bullish bounce.This bounce, combined with the other factors mentioned earlier, could contribute to the rally towards the $90 target.

The Importance of Bitcoin's Performance

As mentioned earlier, the entire bullish thesis hinges on Bitcoin's performance.Bitcoin's dominance in the cryptocurrency market is undeniable.Its price movements often dictate the direction of the entire market, including altcoins like Solana.If Bitcoin experiences a significant downturn, it is highly likely that Solana will follow suit, potentially invalidating the bullish scenario outlined above.

Conversely, if Bitcoin maintains its stability or, even better, experiences positive momentum, it would create a favorable environment for Solana to rally.Bitcoin's positive momentum would boost overall market sentiment, attracting more investors and increasing demand for cryptocurrencies like Solana.This, in turn, would increase the likelihood of Solana reaching the $90 target.

Therefore, monitoring Bitcoin's price action and overall market sentiment is crucial for assessing the viability of the $90 target for Solana.Traders and investors should closely track Bitcoin's movements and adjust their strategies accordingly.

Potential Risks and Challenges

While the technical analysis points towards a potential rally to $90, it is essential to acknowledge the inherent risks and challenges that could derail this bullish scenario.The cryptocurrency market is notoriously volatile, and unforeseen events can significantly impact price action.Some potential risks include:

Unexpected Regulatory Changes: Government regulations can significantly impact the cryptocurrency market.Negative regulatory news could trigger a sell-off, impacting Solana's price.
Black Swan Events: Unforeseen events, such as major security breaches or economic crises, can trigger market crashes.
Increased Competition: The cryptocurrency market is constantly evolving, with new projects and technologies emerging regularly.Increased competition could erode Solana's market share and impact its price.
Technological Issues: Solana has faced some network congestion issues in the past.Any recurrence of these issues could negatively impact investor confidence and price.

These risks highlight the importance of due diligence and risk management when investing in cryptocurrencies.Investors should carefully assess their risk tolerance and diversify their portfolios to mitigate potential losses.

Trading Strategies and Actionable Advice

Based on the analysis presented, here are some potential trading strategies and actionable advice for those interested in Solana:

Monitor the $50 Level: Closely monitor Solana's price action around the $50 level.A sustained break above this level could signal a buying opportunity.
Set Stop-Loss Orders: Implement stop-loss orders to protect against potential downside risk.A stop-loss order placed just below the $49 level could help limit losses in case of a sell-off.
Take Profits Strategically: If the price rallies towards the $90 target, consider taking profits along the way.This will help you secure gains and reduce your overall risk.
Stay Informed: Keep abreast of the latest news and developments in the cryptocurrency market, particularly regarding Bitcoin and Solana.This will help you make informed trading decisions.
Manage Your Risk: Only invest what you can afford to lose.Cryptocurrency investing is inherently risky, and you should be prepared to accept potential losses.

Example Scenario: Entering a Long Position

Let's say you believe that Solana will break above the $50 resistance and rally towards $90.You could consider the following:

Entry Point: Enter a long position after a confirmed breakout above $50, perhaps around $51-$52.
Stop-Loss: Place a stop-loss order just below the previous low, for example, at $48.50.
Take-Profit Targets:
- Partial Take-Profit 1: $70 (to secure some initial gains)
- Partial Take-Profit 2: $80 (to further reduce risk)
- Final Take-Profit: $90 (the ultimate target)

Remember this is just an example and not financial advice.Your specific trading plan should be tailored to your individual risk tolerance and investment goals.

Understanding Solana's Underlying Technology and Ecosystem

While technical analysis can provide valuable insights into potential price movements, it is equally important to understand Solana's underlying technology and ecosystem.Solana is a high-performance blockchain platform designed to support decentralized applications (dApps) and decentralized finance (DeFi) projects.Its key features include:

High Transaction Speeds: Solana boasts incredibly fast transaction speeds, capable of processing thousands of transactions per second.
Low Transaction Fees: Transaction fees on Solana are significantly lower than on other blockchain platforms, such as Ethereum.
Scalability: Solana is designed to be highly scalable, making it suitable for a wide range of applications.
Proof of History (PoH): Solana utilizes a unique Proof of History (PoH) consensus mechanism, which enhances its speed and efficiency.

Solana's growing ecosystem includes a wide range of dApps and DeFi projects, including decentralized exchanges (DEXs), lending platforms, and NFT marketplaces.The growth and adoption of these projects contribute to the overall demand for SOL, the native token of the Solana network.The more developers and users that join the Solana ecosystem, the greater the potential for long-term price appreciation.

Conclusion: A Cautiously Optimistic Outlook for Solana

In conclusion, assuming Bitcoin maintains stability or experiences positive momentum, higher timeframe analysis suggests a potential rally towards $90 for Solana (SOL).This bullish outlook is supported by a thin volume profile between $53 and $90, the confluence of the 50% Fibonacci retracement and the Volume Point of Control at the $90 level, and potential trend reversals indicated by time cycle analysis.However, it is crucial to acknowledge the inherent risks and challenges associated with cryptocurrency investing, including potential regulatory changes, black swan events, and increased competition.Traders and investors should carefully monitor Bitcoin's price action, implement risk management strategies, and stay informed about the latest developments in the cryptocurrency market.While the $90 target remains a possibility, it is not a guarantee, and investors should proceed with caution and due diligence.The key takeaways are:

$50 is a crucial level to watch for Solana
Bitcoin's performance is paramount.
$90 is a potential target based on technical analysis.
Risk management is essential.

Ultimately, the future of Solana's price action remains uncertain.However, by understanding the technical analysis, assessing the potential risks, and staying informed about the market, investors can make informed decisions and position themselves to potentially benefit from future price movements.Remember to always do your own research and consult with a financial advisor before making any investment decisions.