According to @TATrader_Alan, Solana (SOL) has undergone two false breakouts during its recent consolidation phase on the weekly chart. The current technical setup suggests SOL is poised for a genuine breakout, with price targets potentially reaching $1000 if momentum sustains. This movement is significant for traders seeking high-volatility opportunities and could impact broader crypto market sentiment as Solana is a leading altcoin by market cap (source: @TATrader_Alan).

According to Trader Tardigrade, Bitcoin's Gaussian Channel is providing strong technical support for BTC on the weekly chart, signaling a favorable environment for mid-term bullish strategies. The current position within the Gaussian Channel suggests that support zones remain intact, which may reduce downside risk for traders seeking entry points. This analysis is based on direct chart observations shared by Trader Tardigrade via Twitter on May 4, 2025 (source: @TATrader_Alan).

According to Mihir (@RhythmicAnalyst), to assess the health of a cryptocurrency, traders should analyze weekly charts starting from January 2023. Mihir emphasizes that using these charts provides a clearer picture of a coin's performance, helping traders make informed decisions. This approach is crucial for identifying underperforming or potentially risky 'crap coins' in the market. [Source: Mihir's Twitter post, March 5, 2025]