Tealstreet

Solana Breaks $220 on ETF Hype, Can the Momentum Sustained? Solana has broken through the critical resistance at $220, fueled by growing excitement over a potential ETF. Price hit an intraday high of $226.7 as bullish sentiment takes hold. At press time, SOL is trading at $224.35 On the 2-day chart, we can say that the bullish momentum remains intact as the liquidity curve is being respected. The resistance that we need to break is $230, a break above $230 could pave the way toward $260-$270. If we can establish the $200 as base support, buyers remain in control. However, a drop below $200 might stall the bullish momentum and a possible retest of $160.

KAITO’s recent performance underscores the growing momentum in AI-driven blockchain projects, signaling robust market potential. The integration of advanced AI tools and increasing adoption are driving bullish sentiment. Similarly, Faith Protocol is carving a niche with its innovative yield farming, NFT offerings, and expanding DeFi ecosystem. Both projects exemplify the synergy of utility and community engagement in fueling growth. KAITO has surged ~80% from its daily support at $1.04, propelled by over $170M in launchpad pledges and heightened anticipation for upcoming airdrop rewards. Key catalysts include record-breaking Launchpad presales, 31.99m tokens staked, ongoing airdrops for projects. MARKET ANALYSIS: On the 2-day chart, $KAITO is testing a critical diagonal resistance at $1.66 but faced strong rejection, indicating potential consolidation. Key support lies between $1.20–$1.06, a zone that has historically held firm. A breach below this could trigger a deeper correction toward $0.80 for a proper bottoming formation. Conversely, a decisive break above $1.66 may signal continuation toward higher resistance levels, with momentum supported by strong fundamentals and market interest. KEY LEVELS: Support: $1.20–$1.06 (critical), $0.80 (secondary) Resistance: $1.66 (immediate)

BTC | 1h If we can hold 111k during New York session, I think we can still tag 113.5k (swing point) We could see a rejection around 113.2-113.5k, though I'm still looking to tag 114.5-114.8k to rebalance (bearish imbalance)

ETHUSDT | 3d Ethereum has experienced a roughly 13% decline over the past week, primarily due to deleveraging triggered by shifting expectations around rate cuts. The chart indicates that each time the price tests a previous high for the second time, it tends to decline in a bearish retest. The $3800 level is a critical support zone. If this support holds, it could pave the way for a rally, potentially retesting the $4800–$5000 range. However, a break below $3,800 could lead to further declines, targeting the $3500–$3200 zone. In a more bearish scenario, a drop to $2600–$2400 is possible.

BTC | 8h If we get another 7-8% decline, it would be around 108.7k-108.2k. We are hanging below the monthly and quarterly rolling vwaps. We need to regain 114k for continuation higher. Worst-case scenario, we sweep the lows back to 105-102k value area retesting the half-yearly rolling vwap.

OPEX in one day! Expecting a sweep of 118-120k! Bitcoin often drops after large options expiries (OPEX) because of market positioning and hedging flows. It’s common when open interest is large and skewed in a way that pressures the market once contracts roll off. Curious if we’ll see a post-OPEX dip for a higher low?

Worst time to position for BTC for two reasons: first is the FOMC meeting concluding later today, with volatility expected while the market is currently pricing in a very positive outcome in tradfi markets. For BTC, we saw a lot of spoofing and orderbook acrobatics this week. Market structure looks very vulnerable to the downside on ltf and to the upside on higher timeframe. Meanwhile we have created a sort of balanced profile for the past 6 days. Currently we swept yesterdays npoc and got a decent reaction there. Over the 6 day volume composite, we are trading right at the POC though, which means balanced price, where I'm usually less interested in taking a trade. No position is best position here for me, will let the storm pass and then see what's what at the end of the week.

Incredible run on that last leg up, fueled by DAT buying. We took some HTF internal liquidity, now I'm looking for price to bleed back into the demand zone marked on the chart. Another scenario is that we might get another push up first, but it looks like that could trigger some more sellers to step in so I'll be patient for the demand block. Ultimately, new highs are not out of the question I think.

Previous plans played out really well. Very clean sweep of the Friday/weekend highs before a small sell-off started. Now taking the weekend lows, but there are too many stacked lows for me to look for longs already. I marked the nearest untested demand and will monitor how price reacts there. The top of the zone lines up with our H4 EMA100-200. Ultimately I'm looking for a move higher into our real supply zone, where we would be looking for big-boy-shorts.

PENGUUSDT | 4h Pudgy Penguins partnered with Sharps Technology, which bought over 2 million SOL (≈ USD 400 million) to build a Solana treasury. The deal combines STSS’s digital-asset strategy with Pudgy Penguins’ brand reach (Walmart, NASCAR, Lotte) to attract institutional and retail interest, though risks remain from SOL volatility and unclear yield details. TECHNICAL OUTLOOK: Price detangling from Rapunzel's locks (rollng vwaps) I think if we can hold 0.034–0.033 here, we could see it going to 0.042–0.046 (initial target), then into the 0.050s next.