Solana H4 | Rising toward a swing-high resistanceSolana (SOL/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 144.76 which is a swing-high resistance.
Stop loss is at 154.00 which is a level that sits above a multi-swing-high resistance.
Take profit is at 122.98 which is an overlap support.
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Solana
SOL - Longs on the Horizon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Medium-Term : SOL has been overall bearish and it is currently trading within the flat wedge pattern marked in red.
📍 As it retests the lower bound of the wedge — which perfectly intersects with the $100 round number — I’ll be looking for short-term longs.
🚀 In parallel, for the bulls to take over in the long term and kick off the next bullish phase, a breakout above the $147 previous daily high is needed.
Which scenario do you think will happen first — and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Canada Approves First Spot Solana ETFs, Launch Set For 16th AprThe Ontario Securities Commission (OSC) has approved the world’s first spot Solana (SOL) exchange-traded funds (ETFs), marking a major step forward for crypto investment products in North America. Beginning April 16, 2025, several asset managers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—will offer direct exposure to SOL on Canadian exchanges.
Unlike derivatives-based products, these ETFs will hold physical SOL tokens, giving both institutional and retail investors a regulated way to invest in the Solana blockchain ecosystem. Each provider will track a separate index, allowing for a range of strategies. In addition, these funds will feature staking options, providing a potential yield advantage over other crypto ETFs.
With this approval, Solana becomes the third cryptocurrency to receive spot ETF approval in Canada, following Bitcoin and Ethereum. The news has sparked increased whale activity and fresh speculation that the United States could follow with its own Solana ETF approvals in the future.
Technical Analysis
Solana’s price has been trading below $150, consolidating within a wider range. The key technical level to watch is $147, which marks an internal structure lower high. A strong break and close above $147 could signal a bullish shift in market structure, potentially triggering upward momentum. On the other hand, if the price fails to close above this level, it may drop below $120, reinforcing bearish pressure.
The ETF launch could become a catalyst for either outcome, depending on how the market reacts to the new inflows. At present, Solana continues to trade just below the critical threshold, awaiting a decisive move as April 16 approaches.
SOL Bulls Strike Back — But Is It Sustainable?Solana continues to respect technicals with precision — after a +42.9% move from the $95 low, we're now at a pivotal moment in price structure. Let’s break down what’s happening and where the high-probability setups lie.
📍 Key Bounce Zone – Golden Pocket Confluence
Local Low: $95.26
Golden Pocket Zone (0.618–0.666): $97.09–$94.82
This area acted as a major demand zone, with price sharply rebounding.
First Volume Spike: Followed by retracement into Golden Pocket Zone at $102.
Second Volume Spike: Occurred right after touching Anchored VWAP ($108.21) from the $95.26 low, which added beautiful confluence with the Golden Pocket Zone – a secondary high-conviction long entry.
📈 Rally to Resistance – Short-Term Climax
After the anchored VWAP retest, SOL rallied into the key resistance zone aligned with the 0.786 Fib retracement from the previous down move — a historically reactive level and a prime profit-taking zone.
Monthly 21 EMA ($135.83) and the monthly 21 SMA ($133) — both key dynamic resistance zones.
Low-volume retest of that key high suggests buyer exhaustion, not continuation — a classic setup for a short-term reversal.
🧭 Current Market Structure
Current Price Action: Trading above both the weekly open ($128.38) and the monthly open ($124.54).
This forms a critical S/R zone between $124–$128, now acting as a potential battleground for bulls and bears.
As long as price stays above this zone, momentum remains with the bulls.
🔍 What to Watch Next – Reclaim or Reject?
Key Support to Watch:
$125 (psychological level) and monthly open at $124.54 – This zone is likely to be liquidity-hunted. Expect a sweep of this low, look for the reaction.
Daily Support Confluence: currently at 21 EMA: $123.77 & 21 SMA: $123.27
1.) 📈 Scenario A – Bullish Reclaim:
If SOL sweeps the low and shows strong buying reaction (bullish engulfing candle, volume spike), it sets up a potential long opportunity towards the weekly open, to watch for the next reaction.
2.) 📉 Scenario B – Failed Hold:
If there's no bullish reaction at $124–$125, expect further downside.
First target = $122
Second target = $120.65
🎯 Tactical Game Plan
Bulls:
Watch for reaction at $124–$125 – potential scalp long with tight SL.
Confirmation on volume expansion and break of $128.38 for continuation.
Re-enter long after clean retest of weekly open from above.
Bears:
Short setup possible if weekly/monthly open is broken and retested as resistance.
First TP = $122, second TP = $120.65.
SOLUSDT Holding Support, Targeting $150BINANCE:SOLUSDT bounced perfectly from the 0.618 Fib level and is now testing resistance. A small dip back to support is possible, but if $110 holds, we could see a strong move toward $150. Compared to other altcoins, SOLUSDT is showing real strength. Once the tariff noise clears, this could be one of the top performers. Always manage risk and set your stop loss!
BINANCE:SOLUSDT Currently trading at $118
Buy level: Above $112.5
Stop loss: Below $100
Target : $150
Max Leverage 3x
Always keep Stop loss
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SOL USD LONG IdeaBased on a fibonacci speed fam from the all time low to all time high along with a fibonacci retracement both point out that the price has retraced down to the golden pocket areas. Based on the supoort holding, along with other indicators I'm using points out a very likely move to the upside of ~20%.
Solana Rises Over 18% In Last 7 Days as ETF Talks Fuel OptimismSolana has gained strong upward momentum, trading around $130 in the last 24 hours. The token reached a new weekly high, outperforming many altcoins during the broader crypto market recovery. Growing speculation around the possible approval of a Solana Exchange-Traded Fund (ETF) has fueled this bullish movement.
Investor attention turned sharply after Bloomberg ETF analyst James Seyffart clarified that the U.S. Securities and Exchange Commission (SEC) has until October 10 to issue a final decision on the proposed Solana ETF. However, he also pointed out that early approval is still possible, though unlikely. Under the leadership of Paul Atkins and with input from Hester Peirce's Crypto Task Force, the SEC may fast-track decisions related to digital assets.
A Solana ETF could bring institutional capital into the ecosystem, similar to what happened with Bitcoin and Ethereum after their respective ETFs gained approval. Analysts believe that updated regulations, especially regarding asset custody and digital definitions, will be key in shaping the outcome. If progress continues, early approval remains a possibility, although most market watchers still expect a final decision closer to the October deadline.
Technical Analysis
On the chart, SOL has found support at a major demand zone around the $110–$115 range. The price is now trading above this area after reading below $100 at some point, marking an internal bearish break of structure. If the bullish momentum can sustain to trade and close above the recent lower high at around $147, that move would suggest a shift in trend.
If the price fails to maintain momentum and break above $147, bearish momentum will continue, with a potential retest of the support zone below $100.
SOLANA (SOL/USDT) – TP: 170 - 252 & 295SOLANA (SOL/USDT) is currently trading at $130.17 after rebounding from a well-defined sell-side liquidity zone between $98 and $131. The recent weekly candle shows a strong bullish recovery (+22.93%), suggesting that liquidity has been swept and buyers are stepping in. This level has historically served as a key accumulation zone, and the bounce aligns with oversold conditions on the StochRSI, which is now curling upward — indicating growing bullish momentum. If price sustains above the $125–131 level, the next immediate upside target lies between $170 and $188, where prior supply and consolidation occurred. A confirmed breakout above this range opens the path toward a higher resistance zone between $254 and $295 — a region that aligns with unfilled inefficiencies and previous price distribution.
The ideal swing trade approach would be to enter on a pullback within the $110–125 range, set a stop loss below $98, and scale out at the $170 and $254 levels. This setup offers a favorable risk-to-reward ratio of approximately 1:3.5.
Trade Strategy Suggestion (Swing or Positional):
Entry: Ladder between $115–$125 on retrace
SL: $105–110 (below wick low)
TP1: $170–188
TP2: $254–295
Scaling Out: 50% at TG1, rest at TG2 or trail stops above $200
With macro tailwinds like renewed interest in Solana’s DeFi and meme coin ecosystems, institutional flow returning, and technical confirmation across multiple timeframes, this could be a high-conviction mid-term play for swing traders and positional investors alike.
🔮 Narrative & Fundamentals:
ETH L2 congestion → SOL gets transactional inflows
SOL’s DeFi, NFT, and memecoin activity resurging (e.g., SEED_WANDERIN_JIMZIP900:WIF , SEED_DONKEYDAN_MARKET_CAP:BONK ecosystem)
Institutional flow picking up (Grayscale SOL trust rallying)
SOL remains one of the fastest L1s with growing developer traction
SOL/USDT – Potential Final Leg Down Before Major RallyBINANCE:SOLUSDT 🚀📉🔁
We are likely approaching one of the final moves down before a significant push higher. But before that, I expect one last move up to the $142 area, forming what I believe is a Red ABC corrective structure.
🔴 Red Wave A-B-C
Red Wave A has likely already completed, confirmed by a clean White ABC move.
We are now inside Red Wave B.
✅ Ideal Long Entry Zone
The ideal entry would be near the 88.7% Fibonacci retracement, which aligns with Green Wave B around $119.4.
From that level, I expect a drop down toward $100, completing Red Wave B.
🔄 What Comes After?
From the $100 zone, two possible scenarios for Red Wave C (or Wave 1 of a new impulse):
A 1-2-3-4-5 impulsive wave structure to the upside
Or a corrective A-B-C structure
We’ll need to carefully watch the first move out of the $100 zone:
A 5-wave move would suggest a new bullish impulse has begun
A 3-wave move might just be a larger corrective rally
🎯 Upside Target: $142
Once we hit $142, I anticipate another corrective move downward.
This could take the form of:
A clean ABC
A complex correction (A-B + 1-2-3-4-5)
Or even a direct impulsive 5-wave drop
Again, the key is watching the first leg down from $142 – whether it's impulsive or corrective will define the entire next phase.
⚠️ Summary:
Current focus: Entry near $119.4 (88.7% Fib), targeting $142
Caution: Expect volatility – structure will only become clear wave by wave
Watch: Reactions at $100 and $142 for structure confirmation
Let me know what you think below!
Like & follow if you enjoy deep EW breakdowns!
Elliott Wave Analysis 🔹 Wave Structure:
The chart shows a clear corrective structure unfolded, currently developing as a complex correction (likely WXY or an ABC):
Wave A: Strong impulsive move to the downside
Wave B: Ongoing corrective rally (possibly a flat or zigzag)
Wave C (anticipated): Final downward leg yet to unfold
🟩 A green target box marks the potential end zone of the correction, aligning with a horizontal support level around 85.35.
📊 Indicators:
🔸 MACD:
Currently showing a bullish crossover (MACD line above the signal line) → supports the idea of a temporary B-wave rally.
Momentum is not very strong → another hint that the move might be corrective, not impulsive.
Watch for a bearish crossover as a possible trigger for the start of Wave C.
🔸 RSI:
RSI is recovering from lower levels, signaling short-term strength.
No overbought condition yet → allows more room for the B-wave to extend.
Key Watch: If RSI enters overbought territory while MACD turns down, it could mark the start of the C-wave drop.
🎯 Summary & Outlook:
We are likely in the final phase of Wave B.
Expectation: One last downward move in Wave C towards the green zone.
That area could offer a strong long opportunity, but only after clear confirmation (e.g., divergence, impulsive reversal, rising volume).
📌 Potential Strategy:
❌ No long entries yet – risk of another drop in Wave C.
🔔 Set alerts around 85–60 – monitor for reversal signs.
📈 Upon confirmation: potential entry for the next larger impulsive wave.
SOL preppin for a 300 revisit from this 100 bargain zone. SEED!SOL has been on rollercoaster ride the past few months -- going from 100 to almost 300 in a zoom when the market is at its peak.
Moreso, when memes started taking over the market and everyone, including the president himself is launching one on SOL blockchain, market started pickup up pace and eliciting euphoria among all, albeit momentarily. It has stirred up some hype and frenzy skyrocketing prices only to be met with so much saturation and gravity, then the BIG BLEED happens.
After a few weeks thing seem to have settled down -- a shift is gradually transpiring as we speak. SOL is now exhibiting some basing behavior at this current range at 100 levels. Net longs has started to pile up around this zone conveying a prep work of upside reversal soon.
Long term metrics suggests a tap at 61.8 FIB levels - a buyers convergence zone. This is where it all starts.
Ideal seeding is at the current discounted price range.
Spotted at 110
Mid target 300.
Long term 500.
TAYOR. Trade safely.
Janover Stock Spike 1100% After Completing First Solana PurchaseJanover (NASDAQ: NASDAQ:JNVR ) has invested over $9.6 million into Solana (83,000+ SOL) as part of a new digital asset treasury strategy, with plans to stake its holdings and run validators to generate onchain revenue.
The move follows a $42 million funding round and has triggered a 1,100% surge in Janover’s stock price as the company positions itself as a transparent, publicly traded vehicle for crypto exposure.
The company bought $4.6 million of Solana’s SOL token on Thursday. Earlier this week, Janover announced that it raised $42 million through the private offering of convertible notes and warrants, with plans to acquire SOL.
Janover shares were last higher by more than 64%, after skyrocketing more than 1,100% earlier in the day.
“Our aim is to be the most efficient and transparent vehicle for crypto accumulation in the public markets,” Janover CEO Joseph Onorati said in a statement Thursday. “Executing our first SOL purchase within days of completing our restructuring reflects that commitment.”
Janover, a software company founded in 2018, on Monday announced a new crypto-focused treasury management strategy after a team of former executives from the popular Kraken crypto exchange acquired majority ownership of the firm. It also plans to change its name to DeFi Development Corporation and revise its ticker symbol.
As of the time of writing, the stock is up 13.88% with the RSI at 58.77 there could be room for more bullish campaign. Similarly, the 45 -minute price chart depicts a cup formation with the handle still forming- this is typically identified as a bullish pattern.
Solana Surges Nearly 8% As Janover Pivots to Solana Treasury The price of Solana ( CRYPTOCAP:SOL ) famously known as the ethereum killer has surged nearly 8% today as Commercial property platform Janover pivots to Solana treasury strategy, stock surges 1,100% as investors rush in prior the news.
Janover has invested over $9.6 million into Solana (83,000+ SOL) as part of a new digital asset treasury strategy, with plans to stake its holdings and run validators to generate onchain revenue.
The move follows a $42 million funding round and has triggered a 1,100% surge in Janover’s stock price as the company positions itself as a transparent, publicly traded vehicle for crypto exposure.
Solana has lost grip of the $120 pivot for the past 2 weeks, but reclaimed the zone today currently trading at $120.54 per $SOL.
The daily price chart shows Solana has been trading within an enclose rectangular zone with the Resistant and support points slightly above each other. For Solana, a break above the $170 zone could pave way for a move to the $200- $270 zone. Similarly, a break below the $100 zone could be catastrophic for Solana.
However, the RSI shades a bit of a light at the end of the tunnel as it stands at 47, which is prime for a reversal.
Solana Update: To Buy Or Not To Buy? Hold Or Sell?Here is an update on Solana.
The chart has the same numbers as before but the support line has been moved to match the 5-August 2024 low. The action is happening right above this level.
While Solana trades above its August 2024 low, the action is considered bullish. Below this level and we are certainly bearish. Being bearish in this way does not change the long-term outlook, bias and perspective, we are set to grow long-term based on a broader trend and bigger cycle. This is a closer look.
The low in April is a shy lower low compared to March. This is always important. Notice the steep decline. This is a bearish impulse, prices tend to move down fast and strong. When bearish momentum starts to die down, we see patterns like the one we have on the chart above. Some shaky action and then a lower or higher low. The market (SOLUSDT) is preparing to change course.
The correction is present since November 2024. For Solana, the higher high in January 2025 is part of a complex correction, an extended flat. 3-3-5 wave in Elliott terms.
This is irrelevant. The point is that once the correction is over prices tend to grow.
Consider this, between June and September 2024 we have more than three months of consolidation. The market garnered enough strength to produce a bullish wave. It took a while but it happened. Then there is a correction and this bullish wave was erased by more than 100%.
If buyers showed up at a price of $100, $120, $130 and even $150 in the past, they can definitely show up again. Now that the bullish move has been erased, we are back to square one, the starting point, the base; from this point forward Solana can grow again.
Solana looks weak right now on the very, very short-term. But do not let this deceive you, we are going up next. Focus on the long-term.
Accumulation can be done each time prices hit support.
What happens if I buy and prices move lower?
Wait patiently. If you have capital available, buy more.
And if it drops again? Keep waiting, continue buying.
You will be happy with the results once the market turns.
Thank you for reading.
Patience is absolutely key.
If you didn't sell at $290, $280 or $250, why would you sell when prices trade at $100? It makes no sense.
Buy when prices are low and hold.
Only sell when prices are moving higher.
Namaste.
SEI: Your Altcoin ChoiceThe last session produced the highest volume since November 2024 and activated the baseline of a rounded bottom pattern that launched the first SEIUSDT bullish wave.
SEI's first bullish wave produced more than 1,101% growth. The peak happened in March 2024. After this peak, bearish all the way. The next major low happened on the 7-April 2025 trading session, 3D. More than a year of bearish action. I say this is enough.
A long-term higher low is present vs October 2023. The chart is clear and easy. Market conditions are about to change. The high volume on the more than a year strong higher low indicates that buyers were present. Support is activated but still early. Confirmation comes when multiple sessions close green without the last low, 0.1303, getting challenged again.
I don't think we should wait for confirmation. The wise move would be to do like the whales and start an accumulation phase. Instead of waiting for a certain market condition to be met, once support is hit we start to buy as much as we can. Prices will always fluctuate and fake signals are the norm. The market can move down and pierce support just to produce a fake bearish signal and then grow. It is very hard if not impossible to predict the short, short-term. When focusing on the bigger picture, we know the market is set to grow next. Knowing this, we buy, accumulate, as much as we can in anticipation of this bullish wave.
It is early but a long-term correction is over. What follows, is growth.
Thank you for reading.
Namaste.
SOLANA on its huge Bull Cycle Support.Solana / SOLUSD just hit the Rising Support that started back on the December 26th 2022 Bear Cycle Bottom.
Meanwhile, it hit for the first time in its history its 1week MA200. This is a huge Support cluster.
Having declined by -68.21% from its January All Time High, it looks identical to the last correction (also -68.21%) of the last Bull Cycle in May-June 2021.
A +1278% rally followed and it since we now enter the final phase of the Bull Cycle with the most aggressive rallies historically made, a new +1278% increase is technically possible.
Target 1200.
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SOL LONG????🔍 Overall Market Structure
The price recently saw a sharp drop from the $120.69 high and is currently consolidating around the $108–110 area.
A bullish structure is forming, suggested by the potential for a reversal pattern from a support zone.
🧠 Key Technical Components
📉 Fibonacci Levels (retracement from $101.21 to $120.69):
0.236 – $115.78 (resistance)
0.382 – $112.84
0.5 – $110.53
0.618 – $108.25 ← Current support
0.786 – $105.20
Price is bouncing from the 0.618 zone, a strong reversal area.
🟣 RSI (Relative Strength Index):
RSI is near oversold (31.15) and showing bullish divergence:
Price made lower lows.
RSI made higher lows.
This divergence suggests momentum is weakening on the downside, signaling a potential bullish reversal.
🟪 Support & Resistance Zones:
Demand Zone (support) around $107–108 (marked with purple box).
Supply Zone (resistance) around $118–120.
Price could bounce from support, targeting higher fib levels and possibly retesting the supply zone.
✏️ Projected Price Action (Black Curve):
Anticipated short-term reversal from $108.
Price might climb through:
$110 (0.5 fib)
$112.84 (0.382 fib)
Potentially to $115.78 (0.236 fib) or even back to the $120.69 high.
Shown within a larger wedge structure, so upper trendline resistance around $120.
✅ Conclusion:
Bullish reversal likely from $107–108 support.
RSI divergence + Fibonacci confluence supports the reversal thesis.
Next targets: $110.50 → $112.84 → $115.78 with final resistance near $120.69.
Elliott Wave Update – Clean Count DevelopmentBINANCE:SOLUSDT
We are currently tracking a developing (B) wave as part of a larger corrective structure.
The move up from the local low unfolds as a classic 5-wave impulse (yellow), where wave 3 is completed, wave 4 is forming as an A-B-C flat correction, and wave 5 is still expected to follow, completing wave (C) of (A).
After that, we anticipate a drop into wave (B) of the corrective sequence before a potential final push into the green target zone to complete wave (C) of (B).
Once this entire correction is done, the expectation remains for a larger 5-wave decline to complete the macro structure.
Wave count stays valid as long as internal rules of Elliott Wave Theory are respected.
$DAKU Set for A 50% Surge Amidst Bouncing From Support Point Der Daku ($DAKU) a token created and deployed on the Solana blockchain from the pump.fun platform has graduated from a bonding curve and transition to Raydium a DEX on the Solana ecosystem is set to break with an estimated 50% surge.
The asset is trying to find support in the $0.045 pivot. Should $DAKU consolidate from that point, a breakout is imminent without major CEX listings and a thriving community with about 19300 members on Telegram and about 1039 followers on X.
This Dog-themed memecoin on Solana ecosystem could be the next big thing with the RSI at 44.52 this only proffers more room for a breakout albeit the crypto market is highly volatile.
The $0.07 pivot is acting as a resistant point should buyers break above this point, $DAKU will be setting course for a new all time high price.
Elliott Wave Analysis – Focus on Wave StructureBINANCE:SOLUSDT
The current setup shows a completed green (A) wave, followed by a corrective (B) wave unfolding as an A-B-C structure.
Within wave (C) of (B), we can clearly identify a 5-wave impulse:
Wave 1 is complete
Wave 2 formed as a correction
Wave 3 extended strongly
Wave 4 is currently developing
Wave 5 is expected to complete wave (C) of (B)
Once this move finalizes, a larger downward (C) wave is anticipated to complete the overall corrective pattern.
This setup remains valid as long as the internal structure respects the rules of Elliott Wave Theory.