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SOL

SOL's $185 StandoffSOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds. The upper Bollinger Band, sitting at $206.19, has proven to be a tough area for bulls to break, aligning with the dynamic resistance that has capped upward movements. Conversely, the lower Bollinger Band at $177.78 coincides with the static support level, suggesting a potential cushion against a further decline. The trading volume of 92.758K SOL doesn't point to a dramatic shift in market sentiment yet, but it's a figure to watch for any emerging trends. The Simple Moving Average (SMA) at 185.47 is currently in sync with the price, offering a neutral signal. The MACD indicator shows that bearish momentum might be building, with the MACD line below the signal line and a negative histogram. However, the Stochastic Oscillator (%K at 34.79) isn't in the oversold territory, implying there isn't an immediate turnaround signal from this indicator. The Relative Strength Index (RSI) sits at a middling 45.44, leaning neither towards overbought nor oversold conditions. This, along with the RSI-based Moving Average, suggests that while there may be short-term bearish pressure, the mid-term trend hasn't turned decisively negative. Taken together, these indicators paint a picture of Solana experiencing a period of consolidation with potential to swing in either direction. Traders will likely be watching for a breakout beyond the dynamic resistance or a breakdown below support for a clearer sense of direction. The interplay between these technical indicators and evolving market narratives will shape Solana's path in the coming days.
by MonoCoinSignal
2
FTX Sells $1.9 Bln Worth of Locked up Solana for $64 Per CoinThe FTX estate recently sold approximately $1.9 billion worth of locked-up CRYPTOCAP:SOL tokens for $64 each. The sale involved up to 30 million CRYPTOCAP:SOL tokens that were discounted due to being locked up and will not be sellable for a while. The sale was initiated to clear the debts of the collapsed crypto exchange, FTX. This transaction led Solana ( CRYPTOCAP:SOL ) to slide to $177 per coin almost reaching the support at $173 pivot. There was a delay in the sale due to significant buyer interest, and Galaxy Trading, a subsidiary of Galaxy Digital, set up a $620 million fund to purchase FTX's discounted SOL. The FTX estate holds a total of 41 million locked-up SOL tokens valued at around $7.5 billion. Solana ( CRYPTOCAP:SOL ), the blockchain network that supports the CRYPTOCAP:SOL token, experienced a dip in price to around $10 following the collapse of FTX but has since rebounded. As of 1 p.m. Eastern Time, the token traded for $177.2 with a nearly 7% decrease in the last 24 hours. Investors have been interested in FTX's Solana holdings since the exchange's collapse in November 2022. Solana made up the largest percentage of FTX's digital asset holdings, followed by bitcoin, ether, and the Aptos blockchain native token APT. Neptune Digital previously bought 26,964 CRYPTOCAP:SOL at $64 each for $1.73 million, with 20% of the tokens unlocking in March 2025. Pantera also established a $250 million fund in March to purchase the discounted Solana of the FTX estate. According to CoinGecko Research, Solana ( CRYPTOCAP:SOL ) is the most popular blockchain of the year so far, largely due to meme coins. As of now, Solana's market capitalization stands at $76.9 billion, making it the fifth largest cryptocurrency by that metric, according to The Block prices.
COINBASE:SOLUSDLong
by DEXWireNews
1
Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊 ▶️Opening the position at levels 188-190 📈 ✔️Taking profit at level 177 💰 ✖️Stop loss above 198 ⛔️ These are just my thoughts, and the decision to enter the trade is up to You. 🤔 Sincerely yours, Kateryna💙💙
BINANCE:SOLUSDShort
by RocketBomb
24
Solana Rise in Institutional Capital InflowsAccording to data from CoinShares, Solana ( CRYPTOCAP:SOL ) has emerged as the leading altcoin with regards to institutional capital inflows, surpassing other competitors such as Polkadot, Cardano, and CRYPTOCAP:XRP , with $6.1 million in inflows last week. However, Solana's on-chain activity has experienced a decline, following a spike in the last week of March, and its price dropped nearly 6% on Tuesday, influenced by the steep decline in Bitcoin prices. Digital asset investment products observed a total of $862 million in inflows, with Bitcoin leading the way, and only $18.3 million directed towards altcoins. While Solana-based funds noted a weekly inflow of $6.1 million, on-chain data from the Block shows a downward trend in the number of new and active addresses on the chain since the six-month high seen on March 22. Coinciding with a decline in Bitcoin prices, Solana's price has suffered a correction, as large market capitalization assets experience a dip. The price of Solana ( CRYPTOCAP:SOL ) is down nearly 6% on the day, despite rallies and user activity observed in Solana-based meme coins such as Book of Meme (BOME), Cat in a dogs world (MEW), and Tombili the Fat Cat (FATCAT). Overall, the data from CoinShares indicates a recovery in sentiment last week, with digital asset investment products experiencing a notable inflow of institutional capital. While Bitcoin remains the dominant player in the cryptocurrency market space, Solana's recent performance in attracting institutional investment underscores its potential as an alternative investment option.
COINBASE:SOLUSD
by DEXWireNews
1
🔥SOL Is Close To The Buy Side And Trend Line SupportThe SOL price makes a local pump after test of the trendline. The biggest price support for Solana is at $16 (channel bottom and trendline). Also pay your attention to the BUY and SELL side. If you open a trade at the bottom of the channel it would be better to close at least 30-40% at the top of it. 💥Bitcoin will show the direction for alts. So pay much attention to #1 crypto and Solana support levels. If you bought it at the bottom of the channel and still hold, I would recommend you to not sell coins for now. At least 1 wave of growth will be soon. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
5
🔆 Bullish Outlook on SOL (Solana) 🔆🔍 Analysis: Strong Performance: SOL has demonstrated significant growth over recent months, reflecting its strong fundamentals and market demand. BTC Correlation: SOL's price movement is closely correlated with BTC's performance, suggesting potential for a substantial rebound once BTC finds support. Entry Levels: Identified entry zones include $165-$180 and $120-$140, offering strategic points to capitalize on potential price movements. Take Profit: Targeting resistance areas above entry points, such as $200-$220, to capture potential gains as SOL rallies. 💼 Trade Plan: Entry Strategy: Consider entry at designated zones, prioritizing areas where SOL historically exhibited support or consolidation. Profit Taking: Take profits at resistance levels corresponding to entry points, with $200-$220 as an example target area. Risk Management: Implement a 5%-10% stop-loss below entry levels to mitigate downside risk and preserve capital in case of adverse price movements. 📊 Note: Stay informed about BTC's price action and broader market sentiment, as SOL's performance is closely tied to BTC's movements. Monitor SOL-specific developments and adjust trade parameters accordingly. #SOL #Bullish 🚀🌟
Long
by Richtv_official
1
Solana's Growing Prowess: The Surge in Open Interest (OI)Solana's recent surge in price has garnered substantial attention from investors and analysts, signaling a potential shift in market dynamics. The rise in value comes amidst heightened volatility and speculation within the cryptocurrency space, further emphasizing Solana's resilience and attractiveness as an investment option. The current price of Solana ( CRYPTOCAP:SOL ) stands at $195.72 USD, with a significant trading volume of USD 3.5 Billion in the last 24 hours, solidifying its position as a major player in the cryptocurrency market, ranked Number 5 on CoinMarketCap. With a live market cap of $86.8 Billion and a circulating supply of 444,409,630 SOL coins, Solana continues to exhibit strong liquidity and investor interest. At the core of Solana's success lies its high-performance blockchain, renowned for its unparalleled speed and efficiency. By leveraging a hybrid consensus model that combines proof-of-history (PoH) and proof-of-stake (PoS), Solana ( CRYPTOCAP:SOL ) has overcome scalability challenges faced by other blockchains, paving the way for seamless transactions and decentralized applications. This innovative approach to consensus mechanisms sets Solana apart, positioning it as a leader in the rapidly evolving blockchain landscape. Despite a market correction, Solana's price trajectory remains resilient, characterized by a Bullish Relative Strength Index (RSI) of 65.21 consolidation pattern and bullish indicators. With potential price targets of $210 and USD 240, Solana demonstrates strong upward momentum, supported by favorable market conditions and investor sentiment. This trajectory not only reflects the inherent strength of Solana's technology but also underscores its potential for sustained growth in the foreseeable future. The Solana ( CRYPTOCAP:SOL ) ecosystem has experienced notable developments in recent times, further solidifying its position as a vibrant and innovative blockchain platform. These developments reflect a growing trend of adoption and expansion within the Solana community, driven by a shared vision of decentralization and scalability. Solana's decentralized exchange platforms, such as Raydium and Jupiter token, have witnessed significant price jumps in response to increasing market demand and liquidity. Raydium, currently priced at $2.26 USD, and Jupiter token, priced at $1.51 USD, exemplify the dynamic nature of the Solana ecosystem. With Raydium boasting a market cap of $588 Million and Jupiter token commanding a market cap of $2 Billion, both projects demonstrate substantial market traction and investor confidence. The resurgence of Solana-based meme coins, exemplified by projects like SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:WIF , highlights the diverse and dynamic nature of the Solana ( CRYPTOCAP:SOL ) ecosystem. As these meme coins garner attention and traction among investors, they contribute to the overall vibrancy and innovation within the Solana community, where creativity and experimentation thrive alongside technological advancement. Solana Open Interest (OI) has surged by 7.86% to reach $2.6 billion, demonstrating growing confidence in Solana's market potential and ecosystem development, as investors seek exposure to the platform's innovative technology and expanding use cases. Leading cryptocurrency exchanges, such as Binance and Bybit, have recorded high levels of open interest for Solana ( CRYPTOCAP:SOL ), with figures reaching $1.3 billion and $745.2 million USD, respectively. This influx of institutional and retail interest further validates Solana's position as a premier blockchain platform, capable of supporting diverse financial instruments and applications.
COINBASE:SOLUSDLong
by DEXWireNews
2
ETH HAS BEEN SERVED BY THE SEC! GOOD BYE ETHEREUM!ETH HAS BEEN SERVED BY THE SEC! GOOD BYE ETHEREUM! Hello everyone. Just as I thought something big was going to happen well here it is. SEC is going after Ethereum. A lawsuit by the SEC has possibly already been filed. If you need a better explanation please watch the video by Bitcoin University on youtube that just came out, he explains it fully and why he believes they have already been served already has 20k views. This would be a perfect catalyst to make ETH drop to way low prices over the next many years during the lawsuit. Look what happened to XRP and multiply that x10. Oh boy this is going to be epic. Once ETH loses and is deemed a security because it simply is theres no way around it. ETH is going to TANK mark my words people. I called this years ago. I knew this would happen but I was called crazy. We'll see who the crazy one is at the end of this. Do you realize how much money the SEC is about to make. This is why Bitcoin, Litecoin and a couple others are going to go to such crazy numbers no one would ever imagine. The whole shltcoin market is about to drain into the real decentralized crypto commodities. THE ONLY NON SECURITIES IN ALL OF CRYPTO RIGHT NOW IS BITCOIN, LITECOIN, DOGE, AND BITCOIN CASH. There may be others like Feathercoin, or Namecoin from the early days but they are dead chains. Isn't it funny how Charlie Lee stepped down from Litecoin just at the right time right before securities regulations? I Hmm and Digibyte founder Jared Tate just did the same thing, hmmm? All these decentralized mined cryptocurrencies from the early days that all these people called dinosaurs could actually rise up again and become the top 5? No way right? Wrong its happening but most of you were too blind to see it. Maybe youll see it now or maybe you learn lessons the hard way and you lose all your money. Once this thing starts to fall its going to be a waterfall youll never get out of your staking in time. If ETH is a security then SOLANA is BNB all of them, its all over for all these shlt coin scams like DogWifShlt and all the other trash all these fools are buying. Coinmarketcap will be half of one page you'll see. The rest will be archived for future reference and so people can have a good laugh at what people actually invested in! Dont be a fool and hold to zero, I would get to the exits and into something safe ASAP or you may gut stuck in the burning building cause the exits are jammed. Im not biased I just know whats coming and I dont want to see you all lose money, I hate it when people lose money. Not financial advice just my opinion!
BITSTAMP:ETHUSDShort
by Bitgolder
237
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
5
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion... We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction. It may happen, may not happen. If it happens, you know what to look for! For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline. See below to see where we are in the Elliott Wave schematic. What do you guys think? Goodluck and as always, trade safe!
BINANCE:SOLUSD
by WicktatorFX
21