Get started

SOL

Solana's Price Spikes to a 22-Month High, Outperforming BitcoinSolana ( CRYPTOCAP:SOL ) is up 16% over the past 24 hours to $131, and rose slightly higher above $134 earlier Thursday morning. That’s the highest price that Solana ( CRYPTOCAP:SOL ) has seen since April 2022, and represents a 26% leap over the past seven days. By comparison, Bitcoin ( CRYPTOCAP:BTC ) is actually down less than 1% over the last day to a current price just under $62,400, but has climbed 21% over the past seven days. Ethereum, meanwhile, is flat today at $3,450, but up 16% in the last week. Meme coins on Solana are similarly soaring, thanks in part to the broader market boom and likely Solana’s own accelerated climb. Leading Solana meme coin Bonk ( SEED_DONKEYDAN_MARKET_CAP:BONK ) has more than doubled in price over the past week, up 104% to a price of $0.000024 at present—a 48% spike in just the last 24 hours. And WIF, aka Dogwifhat—a coin based on a meme image of a dog wearing a hat (yes, really)—has jumped 156% this week to $0.82, and set an all-time high above $0.88 early Thursday. With these latest spikes, BONK has a market cap of nearly $1.6 billion, making it the 64th biggest coin by that metric, while WIF’s market cap has spiked to $823 million. Why is SOL pumping? As Bitcoin goes, so too do most major altcoins—and Bitcoin is absolutely booming of late. CRYPTOCAP:BTC nearly hit $64,000 on Wednesday, marking the highest price seen for the leading coin since 2021. At that point, it was also just 12% away from the all-time high price just above $69,000 from November 2021. What’s driving Bitcoin’s resurgence and potentially impacting the rest of the market? Bitcoin has seen sizable gains in recent months due in part to the approval and adoption of spot Bitcoin exchange-traded funds (ETFs) in the United States. They allow traders to gain exposure to Bitcoin without holding the actual asset. Billions of dollars are flowing into such funds, and the fund operators are thus buying up loads of BTC to support those funds. On top of that, excitement over the next Bitcoin halving—upon which mining rewards are cut in half, slowing the production of new BTC—may be driving gains ahead of the expected mid-April event. SOL may be a leading beneficiary of these Bitcoin events, but the Solana ecosystem has seen its own substantial growth and renewed optimism in recent months. The cryptocurrency fell as low as nearly $8 in December 2022 following the collapse of FTX, but has rebounded dramatically since. It’s up 468% in the last year alone.
COINBASE:SOLUSDLong
by DEXWireNews
SolanaSol, emerges as a beacon of bullish sentiment, hinting at the possibility of substantial gains, potentially doubling in value. Renowned for its lightning-fast transaction speeds and low fees, Solana has carved a niche for itself in the cryptocurrency landscape. The project's innovative approach to scalability, utilizing its Proof of History (PoH) consensus mechanism, sets it apart from its competitors. Solana's burgeoning ecosystem, encompassing decentralized applications (dApps) and decentralized finance (DeFi) protocols, continues to attract both developers and users alike. Its recent performance showcases resilience amidst market fluctuations, bolstering investor confidence. With an array of strategic partnerships and continuous protocol upgrades, Solana remains poised for exponential growth. As the crypto market matures, Sol stands out as a promising asset, offering the potential for lucrative returns to savvy investors. Watch closely as Solana charts its course towards a potentially bullish trajectory.
Long
by Achilly
SOL: Support in SightSOL 's trading activity presents a testing phase at the $104.19 mark. The proximity to the lower Bollinger Band suggests we're in a critical support region — if this holds, it could signal a potential rebound. The MACD's bearish crossover, while noteworthy, lacks strong momentum, hinting that a downtrend may not be firmly established. What's pivotal here is the RSI's position near the oversold territory, which could attract buyers looking for value, potentially leading to a price recovery. However, the moderate trading volume indicates that there's not a strong consensus among traders, and we may see some indecision before the next clear trend emerges. In this scenario, keeping an eye on the Bollinger Bands and the MACD will be key. Should the MACD flatten or turn upward and the price stabilizes above the lower band, it might be the first signs of a bullish reversal. On the flip side, a break below could signal further dips, so watch for any significant volume changes to confirm the move. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis). Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move. Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout. We hope for a test of the previous high and a runner.
COINBASE:SOLUSDLong
by TheSpringHunter
SOL/USDT LONG Signal - Potential for Upward Movement!Our analysis indicates a robust buying position for SOL/USDT. We use a 2x Leverage for this trade. Trading Signal Primary Entry : 110.85 USDT (Limit Order) Secondary Entry (DCA) : 106.3 USDT Stop Loss : 103.1 USDT to minimize risk Profit Targets Target 1 : 112.7 USDT, then move SL to entry point Target 2 : 114.8 USDT Target 3 : 121.9 USDT Target 4 : 134.4 USDT Helpful Tips Save Money: Use limit orders instead of market orders for lower fees. Stick To Your Plan: This is key for making progressive gains! Control Your Risk: Your stop-loss order protects you against unforseen market reversals. We aim to provide high-quality signals that guide you to success. Happy trading!
Long
by Swiss_Signals
SOL Analysis - Anticipating Correction and Long Position Plan!📈 Price Movement: Rejection: SOL was rejected around $120 last week. Retracement: Since then, it has retraced to the current trading price of around $107.00. Support Level: The $105.00 level is holding as support. 💼 Trading Plan: Potential Correction: Anticipating further market correction in the next week, possibly testing the bottom range level of support at around $94.50. Long Position: If the price retraces to $94.50, considering a long position. Profit-Taking: Plan to take profit in the $140 – $150 resistance area. Risk Management: Set a stop-loss just below $90.00 to manage potential losses. 🔄🔍 Note: Keep an eye on market developments and adjust the plan accordingly. 🚀💡 #SOL #CryptoTrading #PriceAnalysis 📊📌
Long
by Richtv_official
SOL/USDT - Jumping from the Bowl - SOL had a nice cup patter and showing overall bullish sentiment. - If SOL manages to break its Previous Resistance level then its an easy run for SOL to reach new highs - Currently price is around the support zone and this consolidation is expected to continue for couple of days - Once this consolidation is over we can expect the price to bounce up, if the price breaks the support zone then we are looking at bearish trend for SOL. - lets hope SOL breaks its resistance level and reaches new Highs. Regards VectorAlgo
Long
by VectorAlgo
7
SOL after the bounce from the support zone will go to $127SOL after the bounce from the support zone will go to $127. It's the completion of the flag pattern 🔵Entry Zone 107.32 - 110.70 🔴SL 104.53 🟢TP1 127.00 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
BINANCE:SOL/USDT - Confirmed breakout and Long Trade entry--------------------------------------------------------------- Description --------------------------------------------------------------- + Falling wedge pattern on SOL. Clear breakout from the falling wedge + Next target for SOL is previous high at 126 range + With this clear breakout, hitting the target is an easy achievement --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 100.6 Stop Loss: 92.8 ------------------------------ Targets 1: 104 Targets 2: 108 Targets 3: 116 Targets 4: 126 ------------------------------ Timeframe: 12h Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
A Technical Look at SOL's Next MovesSolana 's price movements have recently led it to confront the 4-hour chart's 0 Fibonacci level, acting as a crucial resistance point. The current price of $107 sits just below this level, after a rejection at the upper Bollinger Band, indicating a potential short-term ceiling for the price. The Bollinger Bands have widened, suggesting increased market volatility and a possible expansion phase in price action. The MACD presents a nuanced picture; while it remains in bullish territory with the MACD line (4.42) above the signal line (3.87), the histogram is very close to the baseline, hinting at a possible slowdown in momentum or an impending bearish crossover. This warrants attention as it could precede a change in the trend direction. Furthermore, the RSI at 55.38 is in the mid-range, not indicating overbought or oversold conditions, but the RSI-based MA is slightly higher at 60.13, which might suggest that the average momentum has been more bullish recently. Trading volume stands at 2.462M, which provides enough market participation to consider the recent price action as significant. Traders might look to the lower Bollinger Band around $91.27 as a key support area, as historically, prices touching this band have often found substantial buying interest. If the price were to break below, the next regions of interest would be the local and solid support levels that have been established previously. Given the recent price rejection and the MACD's hint at a potential downturn, traders should monitor for either a consolidation above the current Fib level to support a continued uptrend or a break below, which could indicate a deeper retracement is due.
by MonoCoinSignal