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Solana Mobile's Second Crypto Smartphone: A Game-ChangerSolana Mobile is set to make waves once again with the upcoming launch of its second crypto-ready smartphone. Building on the unexpected success of its predecessor, Saga, the new device promises to retain the essential features that made Saga a hit among crypto enthusiasts while introducing new hardware and a more affordable price point. The Saga Phenomenon: Saga, Solana Mobile's first foray into the crypto-ready smartphone market, faced initial challenges with struggling sales and a $1000 launch price. However, the tides turned when crypto traders discovered the device's hidden gem—a generous allocation of $BONK tokens that more than covered the phone's cost. In a matter of weeks, Saga phones sold out, creating a red-hot secondary market with prices skyrocketing to five times the original cost. The Airdrop Bonanza: What set Saga apart was not just its hardware but the ongoing benefits for its users. Airdrops from various projects delivered lucrative tokens and NFTs to the 15,000 Saga phones in circulation. This unexpected windfall not only bolstered the Saga community but also prompted Solana developers to explore mobile application development, showcasing the device's potential to influence the broader Solana ecosystem. The Successor: What to Expect Solana Mobile's decision to launch a second smartphone is a strategic move to capitalize on Saga's success. The upcoming device will retain the core features that made Saga popular—a built-in crypto wallet, custom Android software, and a dedicated "dApp store" for crypto applications. However, the company aims to address the challenges faced by Saga by introducing new hardware and offering the device at a more accessible price point. The Impact on the Secondary Market: With the announcement of a new and improved Solana Mobile device, the secondary market for Saga smartphones is likely to witness significant shifts. The anticipation surrounding the successor may influence current Saga owners to upgrade, creating a fluid market dynamic. The lower price point also hints at a more inclusive approach, potentially expanding the user base beyond the initial niche of crypto traders and NFT collectors. The Future of Solana Mobile: As Solana Mobile prepares to unveil its second crypto-ready smartphone, the crypto community eagerly awaits more details on the device's specifications, features, and potential partnerships. The success of Saga demonstrated the demand for crypto-integrated mobile solutions, and the upcoming release could mark a turning point in the adoption of blockchain technology in the mobile space. Unibot on Solana Exceeds Expectations The Unibot, a Telegram-based cryptocurrency trading bot that has recently made its debut on Solana, is outperforming with a trading volume that, as of now, nearly triples that of its Ethereum counterpart, demonstrating $2.5 million against $900,000. Conclusion: Solana Mobile's journey from initial struggles to the unexpected success of Saga showcases the resilience and adaptability of the crypto market. With the impending launch of its second smartphone, Solana Mobile aims to solidify its position as a key player in the crypto-ready mobile market, promising users an enhanced experience at a more accessible price. As the crypto community eagerly watches for updates, the future of Solana Mobile appears poised for continued innovation and influence in the ever-evolving blockchain landscape.
COINBASE:SOLUSDLong
by DEXWireNews
Top Is Likely In , I'm Out.Today, I'm going to present to you my thesis on why this rally is over and why the Bitcoin top is in for now, marking the weekly lower high that everyone will be setting as resistance in the coming months. This rally has reminded me a lot of 2019 in many ways; it has played out the same, especially with Chainlink. I have been following a bar pattern fractal from 2019 that played out almost 1:1 for 358 days. As you can see, LINK should have had a blowoff top by now, or has it? Something that I have learned a lot in this space is that blowoff tops are really anticlimactic. Prices go up, pull back, we all think it's just a small pullback, and then before you know it, it's a full-blown correction. When you look back, you realize, "Damn, that was the top." The main chart you see above is one of many reasons why I think the top is highly likely. In 2019, we hit the 0.75 Fan Fib and topped out. So far, at this moment, it's finding resistance at this Fan Fib. I have documented on my channel how the 2015 cycle macro structure is a lot like this cycle's structure, especially the cycle low. What happened in 2015 with Fib levels and Gann Fann. Looking into it, we can see that Bitcoin topped out between the 0.5-0.618 Fib and around the 2/1 Gann Fann. If you take a look at today's price action, you can see that we are in exactly the same spot as we were in 2015 before a big correction. A pre-halving 50% correction is always in the books. A 55% correction to the 20k CME gap is very possible, no doubt, within the first 4 months of the year. This would be normal for a Bitcoin cycle. The Mayer Multiple band 1.4 has predicted tops in Bitcoin for 2 years its been a very big resistance. Finally we come to the chart I personally trust the most , the one chart and channel that has put me ahead of the curve most of the time and that is the USDT dominance chart. You can clearly see that when the price comes to the bottom of the channel, we get a top in the market. It has predicted all the tops in the past few years. I cannot ignore this signal. Not only that, but the greed indicator fired off like the April top 2021. It's undeniable that the channel is strong and unbreakable. Maybe this time it's different? Maybe this time it breaks down, and we go to an all-time high. Maybe I'm wrong, but I'm not taking the risk. I'm out.
BITMEX:BTCUSD.PShort
by Sporia
35
SOL vs ADA - A Market Cap Risk Comparison SOL vs ADA - A Market Cap Risk Comparison CRYPTOCAP:ETH , CRYPTOCAP:SOL & CRYPTOCAP:ADA can all rise together & one may win out over the other but I think this chart emphasizes the increased potential -92% downside risk in CRYPTOCAP:SOL CRYPTOCAP:BTC , CRYPTOCAP:ETH & CRYPTOCAP:ADA have c.60% downside to their recent lows by comparison. This also highlights just what an incredible run CRYPTOCAP:SOL has had. To be clear. I am not stating anything other than this. ▫️ SOL has increased downside risk vs BTC, ETH & ADA based on market cap increase ▫️ That Risk may never materialize but it is there and its better to know than not know. ▫️ There is room for all 3 in your portfolio, allocating based on downside risk avoidance may be beneficial. Taking "some profits" when SOL hit $120 was clever and leaving something on the table for the larger long term move is also clever. Its not about being right, its about protecting yourself and trying to stay on the right side of probability. Allocate accordingly. If you are a long term investor all this short term noise does not matter and you might be looking for SOL to make a new low to continue to DCA. Also fine. I am presenting this visual to offer perspective to help you with your own personal portfolio decision. Its just a perspective worth considering. PUKA
CRYPTOCAP:ETH
by PukaCharts
2
SOL/USDT 4H Chart ReviewI invite you to review the SOL chart in the USDT pair. We will start by defining the yellow line as an upward trend line from which the price has broken out at the bottom, creating an ongoing downward trend channel in which we are approaching the upper border. Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $89.78, but further we can define a very strong support zone from $80 to $67. Looking the other way, once again after unfolding the fib retracement saitka, we see that the price has reached the resistance level at $100.73, only when it overcomes it and exits the upper channel, will it move towards the resistance zone from $118 to $126, which is held price before moving towards $151. Please look at the RSI indicator, which has returned to the middle of the range, making it difficult to indicate the direction, while the STOCH indicator shows a downward movement with room for the price to recover more.
by cryptodailyuk
📉📈 SOLUSDT Price Analysis 📊💹📆 Recent Correction: Over the last two weeks, SOL has been undergoing a correction. 🔍 Potential Retracement: Possibility of further retracement to test support at $85 or the next support area at $75 - $80. 📈 Trade Opportunity: Long trade opportunity may arise in the support area, contingent on a successful test and hold. 📣 Key Levels: If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150. 🔄 Market Dynamics: SOL's movements are contingent on testing and holding key support and resistance levels. 📰💡 Conclusion: Potential long trade opportunity if support holds at $85 or $75 - $80. Breakthrough of $105 - $110 resistance may signal further upward movement. #SOLAnalysis #CryptoTrading #MarketWatch
Long
by Richtv_official
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc. The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close. The targets are on chart. 💥 I think it is too early to bury Binance and BNB. What do you think? like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
Solana ($SOL) Sell Orders and Potential Roadblocks Our previous analysis of Solana has proven to be quite accurate. The asset's price dipped into the $79-$86 support zone before buyers intervened, driving the price back towards $100. CRYPTOCAP:SOL is now contesting a resistance zone between $101.6-$108. Breaching this barrier could lead to encounters with sell orders in the $112.3-$117 range. Beyond this, the yearly high of $126 looms, potentially reachable if Bitcoin maintains its position above $45,000, considering the strong correlation between Bitcoin and altcoins. Should the market turn bearish, CRYPTOCAP:SOL could see its price fall back to the key buying zones at $79.1-$86, $73.1, and $61.8-$68.9.
COINBASE:SOLUSDLong
by DEXWireNews
SOLUSDT.1DBased on the provided market data, the cryptocurrency SOL is currently priced at $97.96 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 53.35, 52.34, and 76.52 respectively. The RSI values suggest that the market is neither oversold nor overbought in the short term (4h and 1d), but it is slightly overbought in the longer term (7d). The Moving Average Convergence Divergence (MACD) for the same periods are -1.86, 5.21, and 19.70. The negative MACD in the 4h chart suggests a bearish signal, while the positive MACD in the 1d and 7d chart suggests bullishness in the longer term. The Bollinger Band (BB) for 4h, 1d, and 7d are 102.26, 120.53, and 113.10. The current price is below the middle band in all cases, indicating a potential upward movement. The support levels for 4h, 1d, and 7d are $85.95, $80.06, and $76.52, and the resistance levels are $102.26, $107.56, and $115.30. This suggests that the price has a potential to climb up to these resistance levels if it doesn't break down through the support levels. In conclusion, SOL shows mixed signals. While the MACD and RSI indicate a potential upward trend in the longer term, the negative MACD in the short term (4h) may suggest some bearishness. It is recommended to watch the support and resistance levels closely. As always, it's crucial to consider other market factors and your risk tolerance before making any investment decision.
by MarsSignals
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
COINBASE:SOLUSDShort
by stewdamus
BTCUSDTime for ETFalseLet's start with the fact that the ETF news would not bring new capital to Bitcoin. The reality is that the stock market planned to use Bitcoin's capitalization to buy shares. This is a transfusion from two glasses where the volume of money supply remains the same. I wish those who are buying at the top now good luck. Short argumentation from history shows that Bitcoin is trending downward according to the ABCD pattern. Points B and C are the target of correction
Short
by almatradebusiness
SOL 🎵 Please Don't Stop The MusicHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Weekly: Left Chart 📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase, and then reached our around 130.0. H4: Right Chart 📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red. This week, SOL rejected the 130.0 and upper red trendline and traded lower. Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support. 🏹 Thus, as long as the trendline holds, we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
HUGE DUMP COMING FOR SOLANA SOL/USD - RIPIm sorry, I hate being the bearer of bad news but I see Solana taking a huge dump. Short term and long term. The top is in, volume dropping interest leaving the project again. Its just a pump and dump so the big bag holders could dump their bags, now all thats left holding is the FOMOers that bought the top and think this thing is going to thousands or whatver they think. Its insanity, this chain is junk and has proven that over the years with how many halts they had on their chain, still waaay too many bugs to work out of this thing. I dont know what the catalyst will be to make it dump this hard but possibly another major outage or a hack of some sort. No one with any significant capital is investing in this thing, maybe trading it and dumping on the kids who are buying it but not holding it for anything longer than that. As you can see in this correction the way it will play out Solana is going to bounce at the previous supports for a small bounce which will create a head and shoulders and that measured move will be pretty heavy down to low $20 range or even lower possibly $18 before a a pretty decent bounce. After that moves plays out there will be a much larger correction on the higher degree of trend as another much larger head and shoulders pattern is formed. Might sound unbelievable but its not and actually quite likely. Ive seen this way to many times, same exact style of pump and dump over the years with other projects that could never die and are going to change the world. and humanity haha. RSI is pointed straight down MACD is pointed straight down Strong bearish divergence on the daily on the RSI, Momentum, CCI, MFI, and Histogram A death cross on the daily will also likely form as a result of this drop which will bring it to way new lows. Imminent collapse is likely. Good luck out there, this is not financial advice just my opinion.
BINANCE:SOLUSDShort
by Bitgolder