Solana moves to $114Solana goes towards the price of $114, but to reach this area, it needs to fill its tank, so it needs a good correction, this correction in its ideal conditions can start from the orange area, which is around the price of $80, and move towards the price of around $45 to recover its energy and then it is time to reach the price of $114.
If it is going to start its correction now, it needs to break the price of $50.
SOL
SOLANA usdt - Weekly🔵 #SOL usdt
⏰ 1W
📅 Dec / 25 / 2023
⚪ As you can see, Solana after it managed to stabilize above $30, it entered an uptrend.
If it stabilizes above $144, the price can reach the orange box.
Support levels are shown in the chart, if reversals the trend.
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📛 Follow the market trend and decide to buy or sell.
⚠️ (This isn't a signal for buy or sell) ⚠️
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👸 Analyzed by : Parisa_Alipoor
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Overbought ConditionsThe price of Solana has recently broken through the $95 resistance level and is now hovering around $115.
The Relative Strength Index (RSI) is currently high at 82, which could signal a potential change or correction in the price soon.
If the price begins to show signs of stabilization in this range, it suggests that Solana's price might maintain its current level or grow steadily.
This analysis is for guidance only and shouldn't be taken as direct trading advice.
SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
🔥 SOLANA Ultimate Best Case Scenario For Next Bull-RunSOLANA has been on a massive run lately, which made me wonder how far this token can theoretically go?
We can draw this perfect parallel channel on the chart by copying the bottom bear market support on top of the Q4 2022 tops, which fits perfectly!
Assuming that SOL will go up towards the top resistance by 2025, we can aim at a value of >5,000$, an amazing 50x from this point. Sidenote: this would take the total marketcap to roughly 2.5T, which is around 60% larger than the total current marketcap of crypto. It's not a realistic expectation, hence it being the ultimate best case.
For now, 145$ and 260$ are the main resistances to beat.
SOL / USDT Price Analysis (4h)Hey there, fellow traders! Exciting news on the Solana – it just made a breakout from the $80 resistance level!
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Picture this: an ascending triangle is in play, suggesting some potential upward action. What does this mean? Well, it could set the stage for Solana to reach the $88 and $100 levels in the coming period. How awesome is that?
Now, let's not get too carried away – always keep a careful eye on your trades. A savvy move would be to maintain a watchful stance and consider having a stop loss below the trending line. Why? Because that's just smart risk management in action.
So, to sum it up: Solana's breaking barriers, an ascending triangle is pointing towards possible gains at $88 and $100, but stay cautious and don't forget that trusty stop loss below the trending line.
Happy trading
Solana - Continuation after Consolidation, Shorts get REKTTwitter Influenzas, NFT muppets and Macro labradors cheering how they sold the local TOP.
unfollow anyone telling you it is over, we only getting started. people shorting in those conditions deserve to loose evrything.
don't get shaken out from your beliefs and positions with conviction. avoid leverage.
enjoy the ride.
we had several days of consolidation after a massive run up from 17/18 USD.
of course the coin has to take a breather. it does not mean it will dump.
this consolidation and new support of around 50$ is very bullish.
we now see the RSI and EMA cross over on the 16H and above 50.
check-marks show you were we have been last time this happened.
i believe many whales, influenzas and vc's are still not allocated enough to SOL and the wash out after FTX was actually a blessing for the ecosystem. many legit teams have built good apps and now start to launch tokens and bless their loyal followers with airdrops.
a lot of apps and project are still not properly priced and many sideliners will just bid whatever they find. do your research but remain careful. profits should always be rolle dover to SOL and later i the cycle we buy BTC.
Solana broke the resistance from $79!Solana just broke the resistance from $79. This resistance was formed through 2 key levels over time, namely, August 2021 when it was resistance, before reaching the ATH and March 2022 when it was strong support. So, if this level will be confirmed as support, the target is $102-104.
$ALGO UPDATED - Resistance Break Inevitable Just a quick update on our previous EURONEXT:ALGO trade, So far, it has performed as expected, hit resistance within the past week, and was rejected slightly back to it, We're currently expecting the current resistance level to break over the next 48 hours.
Levels to focus on and set alerts at
Updated Target level 1(Major Resistance): $0.2398
Updated Target level 2: $0.3610
Updated Target level 3: $0.5077
Targets from last chart remain the same, Expecting us to break UTL1 (Updated Target level 1) within the next 48 hours, after that major resistance I expect a sharp break upwards towards UTL2 before a potential cook off wick and then continuing to next targets, expect the first two targets to be broken within the week.
SOLUSDT.1DBased on the provided market data, the SOL/USDT pair is currently trading at $93.89. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 79.35, 84.26, and 89.48 respectively, indicating an overbought market condition in all three periods. This suggests that the market might be due for a correction or a pullback.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 5.71, 7.29, and 14.01, respectively, indicating a bullish market trend in all three periods. This suggests that the market is currently in a strong uptrend.
The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are 95.83, 91.21, and 81.60 respectively, indicating that the market is currently highly volatile and prices might be due for a correction.
The support levels for 4 hours, 1 day and 7 days are $79.24/$66.19/$55.84, $72.95/$55.15/$51.39 and $40.61/$20.63/$13.51 respectively. If the price drops, these are the levels where it could potentially find support.
The resistance levels for 4 hours, 1 day and 7 days are $97.32/$103.62/$110.0, $102.88/$119.28/$152.20 and $126.41/$209.30/$230.20 respectively. If the price rises, these are the levels where it could potentially face resistance.
In conclusion, the SOL/USDT pair is currently in a strong uptrend but is also overbought and highly volatile. Therefore, while the bullish momentum might continue in the short term, a correction or a pullback could be expected due to overbought conditions. As always, it's advised to use stop losses and take profits at appropriate levels to manage risk.
SOLANA: Eyes on 105 Impressive! SOL's price action has been remarkable in the past few days, perfectly hitting all the charted levels. While a healthy pause could appear naturale here, the question arises: if the current hype persists, what could be the limits? The next milestones are set at 100, 105, and 111, with 105 proving to be a particularly challenging hurdle. A breakthrough at 105 could potentially unleash significant upward momentum for SOL. Exciting times ahead!
🔥The Whales Support Tezos Price: Breakout Of Huge Channel❗️🔥XTZ in a bullish trend since whale support the price at the bottom of the channel (green area). Now XTZ breaks the channel and tests it as the support which is bullish sign.
If Bitcoin continue it's grows or consolidation at least, the price of all altcoins will go up. Especially, price of altcoins that still close to the bottom as XTZ.
💥 The two targets are on chart. $2 and $4 are the biggest resistances.
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SOL (20231021In July this year, SOL experienced a round of increases, reaching a high point at 33.010. By using 33.010 and 12.680 as the high and low points for the Fibonacci retracement, it can be observed that SOL formed an inverse H&S at the 0.25 (17.763) level of the sequence, and it broke through the resistance at 25.244. Currently, attention can be focused on the price action around 28.00.
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Targets:
33.010
38.093
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If SOL can successfully reach these targets, there is an opportunity for SOL to continue its upward trend. This decreases the probability of the large bear flag pattern mentioned in the previous article ().
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#SOL 1W chart.
At an area of interest here.
$82.
Shall see if PA can break and flip may be W4 support.
Still don't think we have a W4 comparable to the W2 here.
IF PA comes down,
$50 is the lowest I'd like to see.
Cheers!
🗺️Solana(SOL) Roadmap🗺️🚀Today, I want to analyze the Solana(SOL) project, which has grown more than ➕380% in the last 90 days . Does Solana continue to grow, or does it need to Rest ❗️❓
🙏Please stay with me.
🌐In terms of Fundamentals and News/Rumors for Solana(SOL), Solana(SOL) is in good position, as:
🔸Collaboration with Amazon .
🔸Launch the Firedancer protocol .
🔸Solana's Total Value Locked ( TVL ) has grown well.
⚠️Of course, we saw the impact of all the above during these 90 days in the Solana(SOL) project chart.
🏃♂️Regarding Technical Analysis, Solana(SOL) is moving in the Ascending Channel for about a year, and now it is in the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and near the upper line of the ascending channel.
🌊According to the theory of Elliott waves , Solana can be associated with 2-3 scenarios , which means that the grouping of waves with each other can be done in different ways, that Solana's falling wave structure from $260 to $8 was five waves ( main wave A ), so these rising waves created by Solana can eventually continue until the All-Time High(ATH=$260) , and there will be a fall again. In fact, all these waves that have been created in Solana during one year are in the form of the main wave B should be considered.
🌊The point that I can mention about Solana waves is that Solana seems to have completed its impulse wave 5 in the last 3 months soon and needs to be corrected to grow again.
📈Before the conclusion , it is better to take a look at the SOLBTC chart.
💡SOLBTC is moving near the 🔴 Resistance zone 🔴, and according to Elliott wave theory , it seems to be completing the main wave B with a Zigzag Correction(ABC/5-3-5 ).
💡From the SOLBTC chart, we can understand that if the cryptocurrency market falls , Solana will probably suffer more than Bitcoin in the future. If the cryptocurrency market grows , Solana will grow less than Bitcoin.
🔔As a result, according to the above explanation, I expect Solana(SOL) to Fail to break the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and probably increase to around $81 at the most and then start to fall to one of the Fibonacci levels or 🟢 Support zone($30.50-$25.80) 🟢.
❗️⚠️Note⚠️❗️: If the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 is broken, I still think that Solana can increase (maximum) up to $260 , which of course, can be attractive considering the current price.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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🔥RSR Broke 2-Year Wedge: LOOK AT THE BUY SIDE❗️🔥Reserve Rights broke it's massive resistance and now have a huge growth potential. The pump of altcoins is possible only in case of Bitcoin growth and RSR have to become one of the gainers.
Now the price tests the key level and support (buy side). It's a bullish sign.
💥The 2 main (mid- and long term) targets are on chart.
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