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SOL 4h Elliott Wave count If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! SOL Update. W5 caught the pivot. 🧵 The Elliott wave prevented me from going ALL in, due to the possibility of a completed impulse... Pretty powerful stuff, when done right. Anyway, plan B if the pivot low breaks. Would like a triangle here, TBH. Looking for W4 comparable to W2
Long
by CryptoKnee
1
Solana's Unstoppable Rally even Raoul Pal is impressedSolana, the rising star of the crypto world, has been on an unstoppable rally, leaving even the legendary Raoul Pal in awe! Yes, you read that right - Solana's meteoric rise has caught the attention of none other than Raoul Pal himself. The renowned macro investor and crypto enthusiast recently expressed his admiration for Solana's potential and its impressive performance. Now, if that doesn't ignite a fire of excitement within you, I don't know what will! But let's dive deeper into the reasons behind Solana's incredible rally. It's not just hype; this blockchain platform has been gaining recognition for its lightning-fast transaction speeds, low fees, and scalability. Solana's unique architecture has positioned it as a serious contender in the race to become the go-to platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. So, what's the call-to-action, you ask? Well, my fellow traders, it's time to seize this golden opportunity and long Solana! With its impressive fundamentals, growing ecosystem, and now the endorsement of Raoul Pal, Solana is poised for even greater heights. Don't be left behind as this rocket ship takes off - now is the time to join the Solana community and ride the wave of success. Here are a few reasons why you should consider long positions on Solana: 1. Unparalleled Performance: Solana's blockchain technology boasts transaction speeds of up to 65,000 transactions per second, leaving its competitors in the dust. This scalability and efficiency make it an attractive choice for developers and investors alike. 2. Rising Adoption: Solana's ecosystem is expanding rapidly, with a multitude of exciting projects and dApps being built on its platform. From decentralized exchanges to gaming applications, Solana is becoming a hub for innovation and growth. 3. Raoul Pal's Stamp of Approval: When a seasoned investor like Raoul Pal expresses his admiration for a project, it's time to pay attention. His endorsement further solidifies Solana's potential for massive gains. So, my fellow traders, let's harness this excitement and embark on a Solana adventure together. Long positions on Solana could be your ticket to potential profits and a front-row seat to witness the rise of a true crypto superstar. Remember, as with any investment, it's crucial to conduct your own research and make informed decisions. But with Solana's impressive track record and the buzz surrounding it, now is the perfect time to dive in. Don't wait for the train to leave the station without you! Join the Solana community and let's ride this wave of success together. www.youtube.com
by bryandowningqln
(SOL) Solana's Market Performance and Analysis Solana (SOL) has a higher probability of a bearish price trend for the day, as indicated by the price change of -2.9% in the last 24 hours and the bearish signal from the MACD indicator. However, it is important to note that the accuracy of technical indicators is greatly improved if multiple indicators show the same signal. In terms of token market information, Solana is a highly functional open-source project that aims to provide decentralized finance (DeFi) solutions. The Solana protocol facilitates decentralized app (DApp) creation and aims to improve scalability through its hybrid consensus model. It enjoys interest from both small-time traders and institutional traders, with a focus on making decentralized finance accessible on a larger scale. The current price of Solana (SOL) is $40.241, with a 24-hour price change of -2.9%. The market cap is $17,218,888,918, and the token total supply is 505,940,199, with a circulation supply of 299,426,736.58. The trading volume in the last 24 hours is $288,506,124.03. Furthermore, the Bollinger Bands support price for Solana is $39.397 within the past 7 days and $39.62 within the past 30 days. On the other hand, the Bollinger Bands resistance price is mentioned as $41.772 within the past 7 days and $42.27 within the past 30 days. These levels can be considered as potential support and resistance levels for Solana's price movement. Lastly, the Market Sentiment Index is at 74, which falls within the "Extreme Greed" range. This indicates a high level of market sentiment leaning towards greed.
COINBASE:SOLUSDShort
by DEXWireNews
Solana Skyrockets 50% with Coinbase Users Fueling the Surge!Solana, the rising star of the crypto universe, has just experienced an astonishing 50% surge, driven primarily by the ever-growing number of Coinbase users embracing its potential. Coinbase, the renowned cryptocurrency exchange platform, has played a pivotal role in propelling Solana's meteoric rise. As Coinbase users flock to Solana, its value has skyrocketed, making it one of the most promising investment opportunities of recent times. This remarkable surge is a testament to the growing popularity and trust in Solana's innovative blockchain technology. Now, you might be wondering, "How can I join in on this exhilarating ride?" Well, my friends, I'm here to encourage you to consider seizing this golden opportunity and long Solana. With its recent surge and Coinbase's stamp of approval, Solana is poised to reach new heights, and you can be a part of this thrilling journey. Solana offers numerous advantages that make it an attractive investment option. Its lightning-fast transaction speeds, low fees, and scalability make it a force to be reckoned with in the crypto space. Furthermore, Solana's robust ecosystem continues to expand, attracting developers and investors alike. So, let's take a moment to celebrate this remarkable achievement and embrace the positive energy surrounding Solana. It's time to put on your trading hats and consider going long on Solana, riding this wave of success alongside countless other traders who are already reaping the rewards. Remember, the key to successful trading lies in staying informed and making well-informed decisions. Keep an eye on the latest news and updates about Solana, as well as the broader crypto market, to make the most of this thrilling opportunity.
by bryandowningqln
SOLUSDT.1DBased on the market data for the SOL/USDT pair, the following technical analysis can be made: In the 4-hour chart, the Relative Strength Index (RSI) is at 57.72, which is slightly above the midline, indicating a mild bullish momentum. The Moving Average Convergence Divergence (MACD) is at 1.01, suggesting a bullish trend. The Bollinger Bands (BB) indicator is at 43.37, which means the price is currently below the upper band, suggesting a potential pullback or sideways movement. The support levels are at 38.29, 30.06, and 29.30, while the resistance levels are at 47.09, 55.30, and 65.60. In the daily chart, the RSI is at 81.27, which is in the overbought territory, potentially indicating an upcoming price correction. The MACD is at 4.60, indicating a strong bullish trend. The BB is at 45.32, with the price currently above the middle band, suggesting a bullish market. The support levels are at 33.07, 25.59, and 18.0, while the resistance levels are at 47.9, 65.01, and 85.01. In the 7-day chart, the RSI is at 76.42, which is also in the overbought territory, indicating the possibility of a price correction. The MACD is at 2.26, suggesting a bullish trend. The BB is at 46.73, with the price currently above the middle band, suggesting a bullish market. The support levels are at 23.50, 13.07, and 8.30, while the resistance levels are at 49.15, 78.25, and 145.01. In conclusion, the market data suggests a strong bullish trend for SOL in the short term, but the relatively high RSI values in the daily and weekly charts suggest that the cryptocurrency could be overbought, and a price correction might be forthcoming. Please note that cryptocurrency investments carry significant risk, and this analysis should not be considered as financial advice. It's always recommended to do your own research and consider your financial position before investing in cryptocurrencies.
by MarsSignals
1
SOLANA Above Simple Moving Average 200 with $47 target As you may already know, SOL has been displaying impressive performance, surpassing its Simple Moving Average 200 – a crucial technical indicator for traders. Currently trading above this key level and with a resistance target set at $47, it's time to seize the moment and consider going long on Solana. Solana has been making waves in the crypto space, thanks to its unique features and robust underlying technology. With its ability to handle high transaction throughput at incredibly low fees, Solana stands out as a promising asset to invest in. The recent surge in SOL's price is a testament to the growing recognition of its potential within the market. This is where you come in! By capitalizing on Solana's upward momentum, you can position yourself for potential profits. While no investment is without risk, Solana's technical indications and positive market sentiment provide a compelling case for a long position. Don't miss out on this exciting opportunity to ride the wave alongside other enthusiastic traders. If you're ready to take action and embark on this adventure with Solana, now is the time to act. Set your target buy orders above $47 and stay updated on any relevant news that may impact SOL's price movement. Remember to implement proper risk management strategies and consult with your trusted financial advisor before making any investment decisions. Join the excitement and potential gains that Solana has to offer. Embrace this opportunity to dive into the world of cryptocurrency trading and be part of the success story that SOL is shaping.
Long
by bryandowningqln
2
🔥GMX: The Altcoin Which Will Impress You in 2024❗️GMX fell by -69% from it's local highs. The retailers are samshed and scared. It has $300M cap. This is still fresh altcoin which can grow by 10-20x even 50x. I have this altcoin in my portfolio and ready to hold it and get a profit on a bull market. 💥 Bullish BTC over $29,000 will turn the table and altcoins start to accelerate. Don't miss altseason this time! like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1
Solana poised to attract a million new users on Coinbase!Solana (SOL), a fast-growing blockchain platform, is anticipated to witness a significant surge in user adoption on Coinbase, and I believe it presents a unique investment opportunity worth considering. Why should you pay attention to Solana? Here are a few key factors that make it stand out: 1. Scalability and Speed: Solana's innovative architecture allows it to process thousands of transactions per second, making it one of the fastest blockchain networks in existence. This scalability is crucial for accommodating the growing demands of decentralized applications (dApps) and ensuring a smooth user experience. 2. Developer-Friendly Ecosystem: Solana offers an extensive set of developer tools and resources, empowering creators to build decentralized applications with ease. This robust ecosystem has already attracted several high-profile projects, indicating the platform's potential for long-term growth. 3. Strong Community Support: Solana has garnered a dedicated and passionate community that actively contributes to its development and expansion. This level of engagement is a positive sign, as a strong community can drive awareness, adoption, and overall value appreciation. While investing in any cryptocurrency involves risk, the potential Coinbase listing for Solana presents an opportunity to capitalize on the anticipated surge in user adoption. However, as cautious traders, it is essential to conduct thorough research and evaluate your risk tolerance before making any investment decisions. Considering the promising fundamentals and the imminent Coinbase listing, I encourage you to explore Solana further and evaluate its potential as an investment option. As always, it is crucial to diversify your portfolio and seek professional advice if needed. Feel free to reach out if you have any questions or would like to discuss this opportunity further by commenting below. Let's navigate the exciting world of cryptocurrencies together! Call-to-Action: Invest in Solana Today! Don't miss out on the potential gains that Solana's pump could bring. Consider investing in SOL and explore its potential for growth. Remember to conduct thorough research, diversify your portfolio, and make informed decisions. Together, let's seize this exciting opportunity in the crypto market! Disclaimer: This idea is for informational purposes only and should not be considered as financial advice. Always do your own research and consult with a professional before making any investment decisions. Cryptocurrencies are highly volatile, and there is a risk of loss. coinpedia.org
by bryandowningqln
Looks like bullish divergence to me SOLSol has had its ass handed to it thanks to SBF. It’s been underperforming probably due to this stigma of crooked VC crypto fraud, but the chart screams upside. Ftx pump retraced, just a matter of time before it breaks out from downtrend. If weekly can hold above, look for pump into 30-40s and assuming crypto continues its run (given liquidity increases, rate drops soon, and fed balance sheet expansion imminent, this is likely) then would like to see this back in triple digits by EOY. Possible ATH after if popular narrative aligns.
Long
by chaffona
SOLUSD Is it too late to buy now?Solana smashed through our 32.000 TP (chart at the bottom) and turned technically overbought on the 1D timeframe (RSI = 85.195, MACD = 3.972, ADX = 68.655). Even the 1W technical outlook has an overbought RSI = 74.450 and as the price is near the R1 level (48.500), which was the Resistance during July-August 2022, we may see a technical pullback to ease some of this excessive extension. On the long term this bullish trend is here to stay though, as the 1W MACD is on a Bullish Cross that just crossed over the 0.000 level and the trend is supported by a HL trendline. Consequently we will wait for a pullback towards the 1D MA50 and the 0.382 Fibonacci level around 31.000 to go long and target the 0.618 Fibonacci level (TP = 67.000). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SOLUSD
by InvestingScope
1
Solana ($SOL) Next Target: Can It Reach The $45 Threshold?Solana is current facing the $37 dollars resistance, once the price crosse’s the red line, $45 to $50 will be the next target, but we might see a little correction if the momentum is not strong enough. The past month as a whole has been a great time for SOL investors, as the asset is up more than 80% in the period. For comparison, Bitcoin only saw a 27% rally in this timeframe. Thanks to this strong performance, SOL has also managed to improve its market cap ranking recently, as it now sits 7th on the list. This means that the asset is now the seventh-largest crypto in the sector on the basis of total valuation.
COINBASE:SOLUSDLong
by DEXWireNews
🔥GLOBAL OVERVIEW On MATIC For The Bull Market❗️MATIC is of the strongest altcoins among thousands of crypto. The previos bull market confirms it. The growth by 110 times after the triangle breakout! 💥 It capitalization have already reached $300M and it has potential but it's around 30-50x ($27-40 per coin). Locally, Matic can grow to the top of the channel by +110% and make a pullback. I expect the growth after this pullback, but the growth continue if it break the triangle streight now. like❤️ and follow Check the links and get a BONUS🎁 from me👇
M
by Alex_Dehtiarov
9
🔥 SOL Waiting For Break Out: Bulls Are Feasting!SOL has been one of the bigger winners of the last few weeks, seeing a 100% increase since the September lows. However, caution is advised for the bulls. SOL has reached a very important area of resistance, so some profit taking is to be expected here. However, with BTC looking great, I'd be surprised if SOL won't break through this resistance area. Personally, I'm going to wait for a break out and retest of the resistance before making an entry.
Long
by FieryTrading
8