Get started

Altcoins

Phemex Analysis #50: How to Trade SOLANA Like A ProSolana ( PHEMEX:SOLUSDT.P ) has been relatively subdued during the recent November and December 2024 bull run, rising approximately 100%, a stark contrast to its explosive growth of over 1000% during the October 2023 to March 2024 rally. However, the fundamentals of Solana remain robust, with its Total Value Locked (TVL) increasing from $0.3 billion in October 2023 to an impressive $9.5 billion today—a staggering 3166% rise. This demonstrates that Solana’s ecosystem is stronger than ever. In this article, we’ll analyze possible scenarios for SOL’s price movement over the next few days and provide actionable trading strategies to help you trade like a pro. 1. Bullish Breakout Scenario Since January 1, 2025, SOL has rebounded by 17%, currently consolidating around the $210 level as it gathers momentum for its next potential move. If SOL manages to break through the $234 resistance level and subsequently surpass $247, there’s a high probability that it could continue its upward trajectory and form a new all-time high (ATH). This bullish momentum could be fueled by developments such as the launch of Solana ETFs or advancements in AI agent integrations within its ecosystem. Trading Strategy: If SOL breaks above $234 with high trading volume, consider opening a Long position. And set your stop-loss at $210 to manage risk effectively. Remember to monitor key news or announcements that could act as catalysts for further price surges. 2. Bearish Drop Scenario On the downside, if SOL fails to hold above $210 and breaks below this level with significant volume, it could trigger a drop toward the $180 or $175 support levels. Should overall market sentiment turn bearish—especially if Bitcoin also declines—SOL might test deeper support zones at $155 or even $135. Trading Strategy: For advanced traders, consider opening a Short position if SOL drops below $210 with substantial volume. Take profits at key support levels such as $180 or $175. For long-term holders, these levels ($180, $175, $155, and $135) present potential buy-the-dip opportunities based on your risk tolerance. Key Considerations for SOL Traders I. Fundamental Strength: Solana’s growing TVL and ecosystem development are strong indicators of its long-term potential. Keep an eye on updates such as ETF launches or institutional adoption. II. Technical Indicators: The Relative Strength Index (RSI) is currently above the midpoint, signaling potential bullish momentum. Watch closely for price action around key resistance levels ($234 and $247) and support levels ($210, $180). III. Market Sentiment: Recent data shows a net inflow of $224 million in SOL to centralized exchanges over the past week—a trend that could signal increased selling pressure or preparation for derivatives trading. Be cautious of sudden shifts in sentiment. Conclusion Trading SOL like a pro requires adapting your strategy to evolving market conditions. Whether you’re aiming to capitalize on a bullish breakout or hedge against a bearish drop, understanding key price levels and market dynamics is crucial. Always combine technical analysis with fundamental insights and practice disciplined risk management. By staying informed and prepared for multiple scenarios, you can navigate Solana’s market movements with confidence and precision. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1
XRP/USDT Bullish Pennant Formation in ProgressThe chart illustrates a textbook Bullish Pennant pattern, suggesting the potential for upward price movement. Currently, the price action is encountering resistance near the upper trendline, indicating that a breakout may require additional consolidation. Key Observations 1. The pennant formation remains structurally intact, with the price consolidating within a narrowing range. 2. A confirmed breakout above the upper trendline is essential to validate the bullish thesis and initiate a sustainable upward move. 3. Upon a successful breakout, the projected target lies between $2.80 and $3.00, aligning with historical resistance levels. Strategic Implications Patience and discipline are paramount. Monitor closely for a decisive breakout with strong volume confirmation. Until then, be prepared for further consolidation or a potential retest of the lower trendline as the market gathers momentum.
Long
by wsaetos
3
My Current Market Sentiment Through March 2025 Hello Trader Fam, In this video I am covering my current market sentiment through March or even April of this year. Along with this, we'll take a closer look at the dollar, the vix, the spy, NVIDIA, U.S. Oil, and Crypto - (Bitcoin, Dominance, Solana, Solana memecoins, AI genned memecoins, etc.). We'll talk a bit about my indicator and what it is showing us and why it has me leaning bullish but why I am cautious with Bitcoin in the lead. ✌️Stew
INDEX:BTCUSDLong
by stewdamus
ARB LONGThis analysis compares the current price action of ARB/USDT (left chart) with the previous Bitcoin cycle (right chart). The price action suggests a potential setup for a long position at a favorable discount, identified around the 0.382 retracement level (shown in red on the ARB/USDT chart). Key observations: We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity. Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside. The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher. Trade Plan: Entry: At the 0.866 level or lower, near the 0.382 retracement zone. Stop Loss: Below 0.7558 Take Profit : Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
Long
by SerenityEquity
SUI TRADE IDEA SUI has performed remarkably this Bullrun and it doesn't look to be slowing down. This is just some thoughts on the low timeframe: Bullish scenario - A retest of the green zone which is a clear bullish orderblock and the last local high would be an ideal place to get into a Long to then fill the wick up to local high. The general rule of thumb is that wicks get filled and this move would be a near 20% with good R:R. A poor reaction/ no reaction in the green zone would void the trade idea and the Daily support is the next area of interest. Bearish scenario - A SFP once the wick gets filled would be a potential bearish trigger with the midpoint and green zone providing areas for the bulls to fight back. SUI is very overbought on the higher timeframes so a larger cool down could be triggered by this pattern playing out. I do also think BTC would have to pullback in order to drag SUI down with it as SUI is just so strong at the moment. So far a strong start from the US market with the first meaningful day back since the holidays providing strong volume and a bullish bias.
by ProR35
06/01/25 Weekly outlookLast weeks high: $98,987.05 Last weeks low: $91,544.67 Midpoint: $95,265.86 2024 is over, 2025 has begun... Bitcoin ending the year at its highest point since its creation after an impressive rally mainly at both ends of the year with a cool off in the middle. Now that 2025 has started Bitcoin is looking to break $100,000 once more and begin what many believe to be the final year of the bullmarket. With the holidays now over and year open window dressing now done I would expect volume to return to the markets. Last week we saw a steady climb from the $92,000, whipsaw PA at year end and then a move up to just under $100,000. All that on very low volume which does make me a little worried, similar to weekend moves it's hard to know if they are true moves or just the result of a thin orderblock, this week will answer that question. Some important data releases for this week include: Tuesday - Euro CPI Wednesday - US ADP Nonfarm employment, FOMC minutes Thursday - CNY CPI & PPI, US Jobless claims Friday - US Unemployment rate As we get closer to president Trumps inauguration and the shift in the US from an anti crypto approach to a pro crypto approach, this week should be in preparation for that and could be reactive to news of Trumps administration choices and updates on the "Strategic bitcoin reserve" etc. These reactions could be positive or negative so getting a read on the market in the opening few days maybe wise. The chart shows and early break above weekly high, this opens up the opportunity for a SFP if the weekly high is lost, if that is the case a drawdown towards Midpoint is on the cads, however if the weekly high is held as support a move towards $100,000 once again is the bullish target. Increased volume would cement either move as the weekly bias. Good luck to all this year!
by ProR35
Ripple: Another Dip Ahead?In the opening hours of the new year, XRP made a solid effort to recover from the minor weakness of the past two weeks. While the price surged over 25% between December 30 and the following five days, we classify this brief rally as a temporary counter-move, which should shortly transition into the final sell-off of the corrective magenta wave (4). Once the wave (4) low has been settled, the magenta impulsive wave (5) should break above the resistance at $3.28. However, if the price fails to sustain its next upward move and retreats significantly from this green line, the magenta wave alt. (4) will form another low before paving the way for the next upward impulse. This alternative scenario carries a 35% probability.
KRAKEN:XRPUSD
by MarketIntel
1
Technical Analysis of WAGYUSWAP (WAGYU/USDT) Technical Analysis of WAGYUSWAP (WAGYU/USDT) Chart Pattern: Falling Wedge Structure: WAGYU/USDT is currently forming a falling wedge pattern, which is considered a bullish reversal pattern. The narrowing of price action indicates reduced volatility, often leading to an upward breakout. Support: The green trendline represents strong support, with multiple touches confirming its validity. Resistance: The red trendline represents descending resistance that needs to be broken for bullish confirmation. Indicators Analysis VMC Cipher B Divergences: Bullish divergences observed with higher lows in the indicator and lower lows in price. This supports a potential upward momentum. RSI (14): Currently near neutral levels (~45), indicating room for upward movement before becoming overbought. A breakout of the wedge may push RSI above 50, strengthening the bullish scenario. Money Flow Index (MFI): Fluctuating near 50, suggesting balanced buying and selling pressure. A spike above 60 would indicate increased buying momentum. Stochastic Oscillator: Oversold levels (25.35), aligning with the potential for a price rebound. A crossover to the upside would be a confirmation signal. Key Levels Support Levels: $0.0005847: Immediate support level. $0.0005000: Strong psychological support. Resistance Levels: $0.0009113: First target upon breakout. $0.0013197: Strong mid-term resistance. $0.0015666 - $0.0019185: Long-term targets, contingent on market sentiment and volume. Volume Analysis Volume Decline: Falling wedge patterns often witness declining volume. An increase in volume during a breakout above resistance will confirm bullish momentum. Trading Plan for WAGYU/USDT (Spot Trading Only) 1. Entry Strategy BUY IMMEDIATELY 2. Exit strategy OUT at 0.1 usdt Market Sentiment: Monitor Velas ( LSE:VLX ) price movement, as the analysis mentions its correlation with WAGYUSWAP's performance. Volume Confirmation: Entry and breakout trades must be supported by a significant volume increase to validate the move. Macro Conditions: Keep an eye on overall cryptocurrency market trends, as they can impact price dynamics
Long
by elfabiiani
1
KASPA - IT'S TIME TO RISE (TA+TRADE PLAN)Technical Analysis of KASPA/USDT Chart Overview Formation: The price action indicates a descending trading channel transitioning into a falling wedge pattern, which is typically bullish and suggests a potential breakout. Support Levels: There are key horizontal support zones within the orange-shaded areas (~$0.120-$0.125). These levels have historically provided strong demand and buying pressure. Resistance Levels: Resistance is observed near $0.135 and $0.145. Breaking above these levels will confirm the bullish breakout. Indicators Analysis: RSI: At 37.25, indicating oversold conditions. A potential reversal upwards is imminent. Stochastic RSI: Showing upward momentum, confirming a likely breakout soon. Volume: A significant volume spike near support zones suggests accumulation by bulls. Money Flow Index (MFI): A positive divergence indicates that buyers are entering the market. Wave Market Cipher: Shows bullish divergence with green dots on the oscillator, further validating a potential move upward. Pattern Breakdown Falling Wedge: A bullish continuation pattern that implies a breakout in the upward direction. This is supported by the narrowing of price movements and lower volume, a precursor to significant price movement. Trading Plan for KASPA Entry Strategy: Primary Entry: Enter near the current price level (~$0.124) within the wedge, as this is close to strong support. Secondary Entry: Place buy orders near $0.120 in case of a short-term dip. Stop-Loss: Set a stop-loss just below the wedge support ($0.115) to manage risk, as breaking below this invalidates the bullish setup. Profit Targets: Target 1: $0.135 – the upper boundary of the current wedge. Target 2: $0.145 – a resistance level aligned with historical price action. Target 3: $0.160 – an extended target if momentum continues post-breakout. Risk-Reward: Risk: $0.124 to $0.115 (~7.3% downside). Reward: Target 1: 9% gain. Target 2: 16.9% gain. Target 3: 29% gain. Confirmation Strategy: Wait for a confirmed breakout above $0.128 (wedge resistance) with strong volume before adding to positions. Use a trailing stop-loss to secure profits if the price moves significantly upward. Timeframe: Monitor the 1-hour and 4-hour timeframes for confirmation signals. Breakouts from falling wedges typically occur within 1-2 trading sessions. Market Sentiment: Ensure the broader crypto market sentiment remains positive or neutral to support bullish momentum. News Events: Monitor any fundamental news or updates regarding KASPA that could affect its price action.
Long
by elfabiiani
2
XRP Long to 6.66Observing the fractal pattern on XRP, we see a potential setup similar to AVAX's previous price action. The price seems ready to expand soon and is likely to dip into the orange demand zone, creating a buying opportunity. The demand zone is crucial, much like it was on AVAX's chart before its massive move upward. Entry Zone : Look for a dip into the orange demand zone around $2.21 - $2.41. Target: $6.66 – A potential long-term target based on the fractal comparison with AVAX. Key points: The price structure shows a similar pattern of consolidation before a major price breakout. Timing will be critical as we expect the price to dip into the demand zone before moving up. Stay vigilant for entry confirmation within the demand zone. If this fractal plays out as expected, XRP could see significant upside potential, following a path similar to AVAX's recent price action.
Long
by SerenityEquity
DOGE Paws and Reflect: corrective or new impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! DOGE’s recent price action has us wagging our tails in anticipation. However, the current pattern suggests that the bulls might need to sniff out some serious momentum to keep upward continuation on track. With the potential triangle pattern now behind us, here’s where DOGE stands: ### Key Levels to Watch 1. **0.35 - The Ideal Bone to Chew On:** This level is the sweet spot for maintaining a bullish outlook. If DOGE can hold 0.35, it keeps the door open for a potential rebound and a chance to bark back at resistance. 2. **0.30 - The Last Leash for Bulls:** Should 0.35 slip through the paws, 0.30 becomes the final defense. A drop below this level could leave the bulls chasing their tails as bearish momentum takes hold. 3. **0.41 - The Alpha Level:** This is the key resistance zone. If DOGE can break above 0.41, it could mark the start of a new upward sprint. A rejection here or below the level, however, might have the bears howling with delight. ### Scenarios to Consider - **Bullish Continuation:** DOGE breaks free above 0.41, signaling that the bulls are back in the driver’s seat, possibly targeting new highs. - **Bearish Breakdown:** A failure to hold 0.35 or a deeper slip below 0.30 would likely mean DOGE is heading into a doghouse of corrections, with bearish momentum wagging its tail all the way down. ### Final Thoughts The DOGE pack is at a critical crossroads, and the next moves will define whether the bulls can retrieve control or if the bears are about to sink their teeth into the action. Stay sharp, keep your levels in focus, and don’t let this market collar you.
Long
by CryptoKnee
Altcoins by the Example of FIL and BTCThis chart compares the price structure of FIL (left) with BTC (right) from 2015/2016 to highlight similarities in price behavior. The key observation is the accumulation phase where the price trades within a defined zone for an extended period, eventually breaking out with significant volume, indicating strength and demand. After breaking out, the price typically retraces into an orange zone, a phase where many participants get burned due to their unrealized gains being lost quickly, often causing panic and liquidation. This retracement is frequently mistaken for a "suckers rally." However, this orange zone marks the re-accumulation phase , where smart money enters again before the real price expansion begins. The current chart shows similar price behavior to what we saw in BTC in 2015/2016. Despite differences in liquidity and volume back then, the same pattern is visible. As for a potential selling point, we are looking at May 2025 , although it's difficult to predict the exact peak of altcoins during this phase. The FIL chart essentially represents the broader altcoin market, as most altcoins exhibit similar structures and price movements.
BITSTAMP:BTCUSDLong
by SerenityEquity
2
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Fartcoin Analysis: Key Levels and What’s Next When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure. The 1.30 Level: Breaking Wind or Breaking Through? The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes. What Happens If 1.30 Fails? Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels. Scenarios to Watch Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations. Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses. Final Thoughts While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn. Trade safe, trade smart, trade clarity.
Short
by CryptoKnee
RENDERUSDT: Strategic Support Zones at the Blue BoxesIn this analysis, the blue boxes stand out as potential support areas worth close attention. These zones are significant for two key reasons: They align with demand areas, where buying pressure is likely to increase. They act as first lines of defense, offering a possible halt to further downside movement. Trading Plan Focus on Lower Time Frame Reactions: Observing price behavior within the green line and the blue box zones is essential. Key indicators include bullish candlestick patterns, volume surges, or other signs of reversal. Long Trade Opportunities: If positive reactions occur in these areas, long trades can be structured with well-defined entry, stop-loss, and target levels. Summary The blue boxes in RENDERUSDT represent high-probability support zones, combining technical demand with structural significance. By analyzing the lower time frame reactions, traders can position themselves for potential upside opportunities while managing risks effectively. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Long
by XU99