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Expert identifies Solana’s path to $4,000

A trading expert has identified a technical setup that could see Solana ( SOL ) target the $4,000 mark as the decentralized finance ( DeFi ) asset continues to establish its price above the $100 support zone. According to Ali Martinez, Solana has the potential to surge by a staggering 2,900%, pointing to the formation of a cup and handle pattern as a strong indicator of a bullish trend, he said in an X post on March 14. Solana price analysis chart. Source: Ali Martinez Martinez noted that since November 2021, Solana has experienced a U-shaped decline, followed by a level-off phase, which is now evolving into the pattern’s “handle.” This technical formation is often seen as a precursor to a major upward movement in price. The cup and handle pattern is bullish, where the price forms a rounded bottom (the cup) followed by a consolidation phase (the handle). A breakout above the resistance level signals a potential rally. Martinez suggested that Solana could break the $200 resistance, paving the way for a surge toward $4,000. He emphasized that if Solana can decisively break above the $200 mark, the odds of a continued bullish rally increase significantly. In this case, a $4,000 valuation would likely elevate Solana to the highest-ranked digital asset with a market cap exceeding $2 trillion, provided Bitcoin ( BTC ) stagnates during this period. Meanwhile, another analysis by Ted Pillows in an X post on March 14 also stressed the significance of Solana holding the $110 level, as dropping below this mark could usher in a sustained correction for SOL. Solana price analysis chart. Source: Ted Pillows The expert stated that Solana stands at a key juncture, considering its retest of a multi-year support zone and a long-term uptrend line. Historically, these levels have provided strong buying opportunities. He highlighted the importance of the $110 to $120 zone, noting that failure to hold support could open the door for a deeper correction of 30% to 40%. However, a successful bounce could signal a reversal, with a potential upside if bullish momentum returns. Solana price fundamentals Although technical indicators are crucial to Solana’s next price trajectory, other fundamentals are also coming into play, with the spot exchange-traded fund ( ETF ) ranking as a key factor. Several entities have applied for the product with the Securities and Exchange Commission ( SEC ). On March 11, the SEC postponed its decision on multiple altcoin ETFs, including those for XRP , Solana, Litecoin ( LTC ), and Dogecoin ( DOGE ). The agency extended its review period, pushing decisions on Grayscale’s XRP ETF and Cboe BZX’s Solana ETF to May. SEC ETF verdict. Source : SEC Notably, Bloomberg ETF analyst James Seyffart called the delay “expected,” noting that final deadlines extend until October. Fellow analyst Eric Balchunas added that other ETF proposals, including one for Ethereum ( ETH ) staking, were also delayed. Eth staking and in-kind also delayed. Everything delayed. It`s like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC" — Eric Balchunas (@EricBalchunas) March 11, 2025 The SEC has previously extended crypto ETF decisions amid leadership changes following Gary Gensler’s exit from the regulator. Although part of Solana’s momentum last year was driven by meme coin activity on its network, an ETF approval could help broaden SOL’s appeal and attract long-term investors. On the other hand, a proposal to slash Solana’s inflation rate by 80% (SIMD-228) has failed to pass after falling short of the required 66.67% approval. Despite securing 61.39% “Yes” votes, opposition from smaller validators tipped the balance, keeping SOL issuance unchanged. The decision could lead to short-term selling pressure, as lower inflation would have reduced token supply, potentially driving up SOL’s price. However, higher rewards may sustain validator participation and network security, a long-term positive. SOL price analysis As of press time, Solana was trading at $133.10, well below its 50-day ($183.93) and 200-day ($186.79) moving averages ( MA ), signaling a strong downtrend. The asset’s market sentiment remains bearish, with the Fear & Greed Index at 27 (Fear). However, the 14-day relative strength index ( RSI ) stands at 35.38. SOL must reclaim $150 and break above key resistance levels to reverse the bearish trend. Until then, downside risks remain in play. Featured image via Shutterstock The post Expert identifies Solana’s path to $4,000 appeared first on Finbold . CoinTurk News

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Bitcoin 2025: Las Vegas Announces Return of Continuing Legal Education (CLE) Program

Highly Regarded and Anticipated Legal Education Program Returns for Bitcoin 2025 LAS VEGAS, March 15, 2025 – BTC Inc. , the leading provider of Bitcoin-related news and events, today announced the return of its Continuing Legal Education (CLE) program at Bitcoin 2025 in Las Vegas, Nevada. Taking place on May 27th at the Venetian Expo Hall, this highly regarded program offers legal and financial professionals the opportunity to stay ahead of the evolving regulatory landscape. Following its successful debut at Bitcoin 2024, where attorneys, startup founders, corporate legal teams, and policymakers praised the program for tackling key legal areas and fostering high-level discussions, this year’s CLE will continue to provide essential insights into Bitcoin’s legal and regulatory environment. The 2025 CLE program will offer four (4) hours of credit, pending approval from the Nevada Board of Continuing Legal Education. Participants will receive certificates of completion for submission to states not pre-accredited for CLE or CPE credits. Tailored for industry practitioners, in-house counsel, CFOs, CPAs/MTAs, startup founders, and C-suite executives, the program will cover critical legal, regulatory, and business topics shaping the Bitcoin industry. Sessions led by top experts will include: Trump Administration’s Bitcoin Policies – Analyzing the Strategic Bitcoin Reserve, stablecoin regulation, and market structure shifts. Bitcoin in Public Company Treasuries – Examining legal frameworks for power agreements and transactions in regulated and deregulated markets. Bitcoin & the Courts: Operation Choke Point and Beyond – Understanding how legal battles are shaping financial access, banking restrictions, and regulatory overreach. Mining Contracts & Legal Risks – Exploring the complexities of hosting agreements, procurement risks, and evolving regulatory considerations. Interested participants can register to attend through either the CLE & Industry Pass bundle or CLE & VIP Whale Pass bundle. CLE attendees at Bitcoin 2025 will find themselves amongst 300+ sponsors and 5,000+ companies, all in the early stages of their legal & consulting needs. For registration and more information, visit: https://b.tc/conference/2025/cle About The Bitcoin Conference: The Bitcoin Conference, organized by BTC Media, parent company of Bitcoin Magazine, is a global event series, featuring notable industry speakers, policymakers, workshops, exhibitions, and entertainment. These events serve as vital platforms for Bitcoin industry leaders, developers, investors, and enthusiasts to gather, network, and exchange ideas. The flagship event took place in Nashville, Tennessee in 2024, and Bitcoin 2025 is announced to be held in Las Vegas in May 2025. Its international events include CoinTurk News