SOLANA resistance turned support?SOL broke above 112-120,
the support tested well.
Bull momentum still good , as long as price above $112.
next resistance at $180-$200 zone.
and ATH at $260.
DYODD
SOL
SOL Solana Technical Analysis and Trade IdeaSolana (SOL) demonstrates a robust bullish trend, recently surpassing previous highs and clearing liquidity above a prior monthly high. A potential retracement to the 61.8 Fibonacci level could present a buying opportunity. Our targets are aligned with previous monthly highs, as illustrated in the video.
Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading in cryptocurrencies carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
Welcome to the jungle #solana #sol This is not a sign of strenght, in my previous CRYPTOCAP:SOL ideas, i explained. I am not expecting deeper correction, the hype is strong.
NOT FINANCIAL ADVICE.
XRP MOONSHOTXRP right now is following history pretty closely.
As you can see from the main chart, XRP is potentially mirroring the same fractal formed back from 2013-2017. If history repeats, there will be a massive breakout for XRP.
There is quite a bit of evidence to support this.
First of all, the multi-year symmetrical triangle that has formed just like in 2012. It's taken years to form, but here we are in 2024 at the apex of it.
Within the triangle, even the fractal looks the same. You can see marked out points inside.
[Link 1: MACD on the weekly
is showing the same histogram readings as back then, with three big waves, two small, then a bullish cross on the MACD. Exactly the same has happened right now.
Bitcoin had just touched an all-time high again and had a pullback. It is at this moment XRP had its moonshot.
Tell me, what are the chances we have now formed a second multi-year triangle and it just happens that Bitcoin has broken all-time high at the apex?
The stars and planets seem to be aligning once again. It's just a matter of time before some big news comes out and this slingshots.
seem to be pretty crazy targets all around for the XRP community lol. No idea where they're coming up with hundreds of dollars price targets, but if you would have a mirror move, then yeah, $575.
The chances it goes to $575 this bull run are under 1%, let's be honest. The money required to get a mirror move is insane. So, a more grounded target this run would be a max of $10-14, with the first wave hitting $3-5.
Cryptolean Solana SOL Update Solana is consolidating in the narrow daily range between $144 and $147.
A daily candle closure above $147 will push Solana price towards $167 and higher.
An inability to sustain the price action above $144 will result in price declining towards $126.
Intraday Chart
The SOLUSD intraday (4-Hour) chart is teasing the key resistance zone of $149.
A bullish breakout of $149 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $168.
An inability to break through $149 could result in a bearish dip and a re-test of $130, the key intraday support.
I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity.
SOL will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and Bitcoin Cash won't be an exception.
Like once read.
Thank you!
#SOL may be (i say may be , because hype is high) like thisIf this resistance zone may not be breached, things will surely get though.
NOT FINANCIAL ADVICE.
SOLUSDT at weekly resistance right nowThe price has been in uptrend since end of 2022. It has not broken the high it had set in 2021 but it has covered a significant distance from its low in 2022 end and has come close to its all time high zone. However, the price is currently trading at a weekly resistance level WR1. The price did experience a pullback from that resistance zone but quickly backed up and now trading again in that resistance zone. Looking at the momentum, the possibility of the price to break this resistance cannot be ignored, however, a bit of caution is definitely warranted. The next resistance zone is WR2 which is also a monthly resistance zone sitting around 198-208. However, I believe there would be some struggle there but the price will eventually break that and move upward. The more significant resistance is the currently weekly resistance WR1. Let us see how it plays out.
Solana: Bulls are Back! 🐂Although SOL briefly slipped below $118.65 last Tuesday, it recovered quickly and made another bullish advance. We continue to see the altcoin in the beige-colored wave (3). It should expand a good deal further before it is followed by an intermediate wave (4) correction. Afterward, there should be another upward thrust, which should then bring the green wave to an end.
#NEON EVM to $10#Alts on #solana
Could still give nice returns
as we saw yesterday when I highlighted #PYTH
Will this giant cup & handle play out for NEON?
That would be close to 200X from it's all time low.
New entries could possibly give over a 5X
It's broken and retraced and seems to be ready to go on another run.
Winner winner Sol to pay for my Dinner!Hi All,
Sol has finally broken free from it's shackles in the $130, breaking out into the late $140's before coming back to retest.
As you can see there's a hidden divergence with the confluence of an inverse H&S.
I expect the next area of resistance to be in the $160's.
If you zoom out into the weekly you can see Sol's just broken out from a multi-month inverse H&S. If it plays out Sol' price action should move to the mid $200's without too much trouble.
Cheers
BB
SOLUSD Can $5000 become a reality??Solana is overbought on the 1D technical outlook (RSI = 75.694, MACD = 9.354, ADX = 24.946) and even more so on 1W (RSI = 84.892) but that doesn't seem to stop its remarkable uptrend as it broke over the R1 level (144.00) today and the only Resistance standing now is the ATH (261.50). The price action is so far quite similar to the very beginning of Sol's trading days and the CCI supports that.
Consequently, if the long term pattern is a Channel up, we can see a Bull Cycle up to early 2025 and peak near its top (TP = 5,000).
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SOL - Next target is ATH#SOL/USDT #Analysis
Description
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+ SOL is showing confirmed breakout from the resistance.
+ Next target for the SOL is its previous all time high
+ With this strong breakout, i'm expecting the price to continue the bull trend.
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VectorAlgo Trade Details
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Entry Price: 128.30
Stop Loss: 92.81
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Target 1: 147
Target 2: 175
Target 3: 218
Target 4: 263
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Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
A critical decision for #solana#SOL is now on the retest of bullish megaphone channel. If retest succeed, then the upside wave will be continued. NOT FINANCIAL ADVICE.
Total Crypto Marketcap --- PLan Your Exit#TOTAL Crypto has already doubled from it's bear bottom, to it's most recent high.
We are almost in 2024, well into crypto summer now
time is really running out to prepare your portfolio for the inevitable Bull market euphoria phase.
I bring this chart up just to remind everyone, that this cycle has potential to be one of the worst in terms of multiple expansions we have seen so far.
We have gone from exploding 340X in one cycle.. to 33X the last cycle.
I expect this time round it will be a single digit multiplier.
We have to hope and pray we do indeed break the previous ATH , and we don't double top at 3 trillion.. of which there is no guarantee!
My realistic target is around 5 Trillion Dollars, which may sound pessimistic at only 3.5X from here ... but that means your Altcoins adding at least a Trillion dollars of value from here!
Optimistically i'm looking at around 7 trillion dollars, no mean feat!
BTC.d at 30% would equal BTC 2.1 Trillion or $110k per coin.
Solana 🚨🚀🚨 - New All Time High, when...Solana 🚨🚀🚨
I guess SOL direction new All Time High is in when we see a clear weekly candle close above $147👀
All not finished yet... and any correction would be healthy on first view😎
Your thoughts dear Crypto Nation?
Crazy times dear Solana Community 🚀🤘
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
>$140 SOLANA AFTER BTC ETF APPROVAL
Macro-wise SOLANA is currently in the top 5 based on market cap and is performing extremely well in terms of active users and DEX volume. The BTC ETF approval is on the horizon and institutional money is getting ready to pump spot BTC purchases which is going to bring everything up in the coming weeks.
On the day chart the trend remains strong. The cRSI is within an oversold area while the price remains within the trend. RedK indicator is showing that selling energy is comparatively low to the buying energy. Interest in selling is declining along with the volume. Its likely that we're seeing some profit-taking at this level of the rally and buyers are waiting for a better entry.
Given that the recent dump in BTC cleared up a large amount of over-leveraged positions, I think its normal to see SOL cool-off for a bit before we resume momentum to the upside.
$JUP - Breakout target $1.35Pretty simply play this -- breakout of prior resistance as announcement comes for launchpad voting. Not alot of data to use, so have done a basic 1.618 extension mark for $1.35 target
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
SOL/USDT 1DInterval Chart ReviewHello everyone, let's take a look at the SOL to USDT chart on a one-day time frame. You can see how the upward movements have created an upward trend channel, in which we remain for now.
Going further, we can mark a strong resistance zone from which the price has gone up and is currently struggling to positively test this level, which may then result in an upward movement towards $156, and then we have visible resistance around $204.
Looking the other way, if the price falls below the previously indicated zone again, we have a visible support at $103, then a second support at $92, and a third support at $79.
Looking at the RSI indicator, we can see that for the second time we have bounced from a similar place, which creates a support line, while the STOCH indicator remains near the upper limit, so we should be cautious.
SOLETHI would wait for SOLETH chart to pull back to my buy zone before converting some more ETH to SOL. We are over bought on SOLETH.
Alikze »» BTC | Next move scenariosAccording to the analysis presented in the weekly time frame, Bitcoin registered a new ATH and is currently facing selling pressure in the lower time frame. Three movement scenarios can be considered for the next movements of Bitcoin.
🔰 The first scenario : if it is not able to break this ceiling in the weekly or daily time, it can continue its growth with a pullback to Fibo 0.78, the range of $50,000 and confirmation of the return to Fibo 1.618 and the next supply area.
🔰 The second scenario : with the failure of the current area, it will grow up to the Fibo 1.618 range of $75,000 and continue its growth with a pullback to the previous major ceiling until the supply area.
🔰 Third scenario : if it enters the correction phase and if it breaks the 0.78 fibo, this correction will continue and probably touch the 1.272 fibo of the previous wave.
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$DIO - Possible 1000x Solana gaming gemTwo big themes this bull run -- AI and Gaming. In the backdrop we have firedancer upgrade to Solana, so this will give the ecosystem more attention and a boost.
About DIO
40% distributed, no mint, renounced ownership, FDV is under $60m. Solana triple-AAA game that is already in closed alpha and listed on the Steam platform, with invitation to Epic games platform. Release date, this year.
This is very much under the radar and not a lot of liquidity yet. high risk/reward.
Chart wise, long flat accumulation, breakout into uptrend since q4 23. Currently sitting at $20mil mcap.
decimated.net
coinmarketcap.com
SOLANA: Approach to important support areaHi everyone!
Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position.
NB: Analysis shown is on a logarithmic scale. Trade with care....
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