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Solana

Is Solana entering bearish mode? Let's find out!After marking itself as one of the top chains, Solana has gained huge attention, which has now become the home for developers too. This has made the investors more confident and optimistic about the SOL price. As per some data, Solana’s long-term asset retention rates have increased notably. With this, the market participants now expect a significant rise in the token’s value in the months ahead.  The SOL price is holding one of the pivotal levels around $216 as support, which has offered a strong base throughout the past week. Although the bulls are trying to keep up the rally, the growing upward pressure is weakening them. Hence, defending these levels could be extremely crucial, which may help the tokens to close the yearly trade on a bullish note.  In the larger timeframe, the SOL price has completed a massive cup & handle pattern and also a retest after breaking the neckline. Therefore, now it appears to be pretty obvious that the token may now trigger a strong rebound. However, the drop in the buying pressure, as indicated by MACD, raises some concerns as the volume has also dropped to some extent. Moreover, the levels display a potential bearish crossover, which could worsen the SOL price rally by dragging it below the crucial support.  On the other hand, the +Di & -Di of DMI were heading towards a bearish crossover, but both have halted and are trying for a bullish reversal. Besides, the ADX, which records the strength of the rally, is rising. Therefore, the price is believed to hold support at $216 and trigger a rebound, which could pave the way for a new ATH above $400. In case of a failure, then the Solana (SOL) is feared to drop below $200, which is unlikely with the growing bullish sentiments within the markets. 
WHITEBIT:SOLUSD
by paul_endeo
1
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good. Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer. As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260. If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected. Target Zones $235 $242 $260 Support Zones $215 $203 $200 Let me know what you think!
Long
by LGNDRY-Capital
1
SEI - Big Move Ahead? Hi, This is my new analysis for SEI. After having been in this correction from mars 16th (275 days) at one point we were down 82%, we are now seeing good signs on the chart. On the right side you see Solana from 2021 after a big correction (down 77%). If we begin in the bottom structure we see good similarities for both SEI and Solana. Right now we are testing big Fibonacci levels on SEI. Recently we tested the 61.8% FIB level and we got rejected (31% down). If we look at the Solana chart from 2021 we see that the same thing happened with Solana at 61.8% FIB level (yellow circle) and got rejected (down 36%). Solana was stuck under the 61.8% FIB level for around one month and after that the price went up to 4.236 FIB level. The last resistance for Solana was 61.8% FIB. If we expect the same thing happen to SEI so we are getting ready for targets around 4.236 FIB level and the price will probably hit 4.20-4.50$.
COINBASE:SEIUSDLong
by GOAT1375
2024 Overview - Whats Looking Big for 2025The crypto market is maturing to the point of clear winners and losers within the application space. The chain level has proven in 2024 not to be decided with the consistent growth of SOL Within the different chains though we have still seen winners seperately themselves from the losers. The winning applications? Usually theyve been in three fields. Validating. Swapping. Lending. Now there are emerging winners appearing in the fields of RWA. Yield. Whatever Ethena is. These fields are distancing themselves from the losers. The zombie fields. The seed investment fields. The metaverses. The gaming. The NFTs. The losing fields might have volatile token performance and they could definitely see strength start in 2025.. but those applications were big losers in 2024. Surprise, surprise... their token performance wasnt great. It may have something to do with the fact no one uses the application. 2025 I believe we will see those that were leading applications and leading token performers in 2024 continue to be the leaders of 2025. EDIT - I forgot to mention in the video my favourite growth chain of SUI. SUI has been a relative leader both technically and fundamentally.
Long
by SoftQuant
Bull-flag_pattern_2nd-confluence_to_340So the last deep retracement to 202.78, was inside the Golden zone on the H4 timeframe this was of sorts also the confirmation of the lower end of the bull flag, as the H4 candle body closed inside the channel border. this was a text book bounce from inside the golden-zone (50-61fib), and if one fib's the zone, the wick, was a perfect rejection off the 61fib lastly, the channel seems true, as the 13th Dec wick, was again a perfect rejection off the channel ADR (middle line)
Long
by CryptAlo
Solana- Towards 300 into year's end?Solana has been one of the standout performers this year(from large market caps), with its price steadily climbing around 300%. In March, Solana’s market cap hit a new all-time high, following a price ATH in November. After this achievement, the price experienced a healthy 20% correction, pausing in an old resistance zone that has now turned into support. Currently, the price has formed a bullish flag, signaling potential upside momentum. A breakout above the flag’s resistance could lead to another leg higher. As long as the $200 support zone holds, a move toward the next major level at $300 appears likely. Buying dips is the preferred strategy.
Long
by Mihai_Iacob
2
Solana Price OutlookAccording to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06. This analysis is based on two points: Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards. Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside. Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
Short
by arongroups
SOLANA TO DUMP?Just a quick & simple update for SOL. I have a few of my entry criteria being met for a trend change short opportunity on Solana. On the daily time frame you can clearly see the crossover of the SMA's (1) The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me the trend is changing, coupled with continuous LH's & LL's. I would look to target the $180 price for a target which also lines up with the %61.8 target projected by the Fib. Lets see how it plays out around the current level, if BTC continues to consolidate and looks bearish and all the resistance levels continue to reject on SOL then i'll look for entry on this providing there is confluence on entry criteria. Potential 30% to be made, all eyes on XRP, SOL & BTC for the moment. Don't forget how BTC pans out will have a lot to do with all the Alts, so if BTC pumps it'll void this trade idea as SOL is highly correlated.
COINBASE:SOLUSDShort
by h77nry
1
Solana Best DCA LevelsAs an investor who likes to act with the DCA strategy, I have compiled the best buy zones for you by determining the support and resistance points for Solana on a weekly basis. I will explain why I named these buy zones in this way. $260 - $202.29 (Not Preferable): Since this level is the psychological resistance level where the previous ATH is located, I think those who have Solana in their pocket should keep it at this level. If an investor who does not have Solana in their pocket wants to buy Solana, since this level is psychological resistance, the probability of rejection and breaking is 50-50. Therefore, it is not a very suitable position for buying. In the correction that will occur in the event of a resistance break, buying would be much more logical. $202.29 - $128.16 (Good to Buy): This level has found good volume in 2024 and a side channel has been experienced. As long as the price does not fall permanently below the moving averages or the Hodrick-Prescott filter that I am currently showing on the chart, this level is a very good buy level. Investors who are especially waiting for an ATH breakout have made their preparations at this level. $128.16 - $87.79 (Cautious): Although it has been used as support twice, this level cannot be considered a perfect buy area since it is a level with relatively low volume. Therefore, it would be more accurate to expect Solana to converge to one side. $87.79 - $48.72 (Not Preferable): Probably one of the worst buy areas on the chart. Volume is almost non-existent. There is a big gap. Therefore, the price moves very sharply from $87 to $48. $48.72 - $28.26 (Good to Buy): This is the area where Solana is starting to recover. It is a good area to buy. $28.26 - $14.48 (Best Place to Buy): I don't know if this level will be seen again, but it is the level where Solana is extremely cheap. While most investors cry at this level, smart investors continue to collect Solana. Any DCA is suitable for investors who think Solana has a 4-digit intrinsic value. This analysis only indicates the best areas.
CRYPTO:SOLUSD
by YavuzAkbay
SOLANA/USD Technical Analysis: Clear Upside Potential To start our TA here let's look at the Weekly Chart. We can see on first look that Solana is at it's all time high for the first time since November 2021 (3 years). It hit a low of $8 in December 2022 (man don't we all feel dumb!?) 🙂 Zooming in to the Daily Chart, we take a look at the 200 day MA. I bring this up now as you'll find me look at it a lot. My hypothesis (which I may have learned elsewhere), is if an asset (especially a crypto asset) is above it's 200-day Moving Average (meaning the current price is higher than the average of the last 200 days), then we are in a Bull Market. The opposite is also true. If we spend significant time below the 200-day and we bounce off of it, we are in a Bear Market. As seen on the chart. What is critical when we cross the line, is that when we retest it, we bounce. You don't want to use this as an immediate rule, as in many cases you can find assets cross below their 200-day. If you are confident in market conditions, this can be an optimal buying or selling opportunity depending on your bet (Buying in a bull market, selling in a bear market). Zooming in further on the chart, we see the most recent consolidation phase for Solana. It is critical when analyzing charts to recognize the different shapes and be able to draw them and understand what they could mean. This is not a foolproof strategy, but a highly probable hypothesis that you can use to try to predict the next move. Use other signals and indicators to test your hypothesis to potentially increase its likelihood, or invalidate it. We are being purely objective. This pattern is clearly a Bullish Pennant Pattern which can be found: reddit.com/media?url=https://i.redd.it/8nrgx1pmbot51.jpg Zooming in even further on the 1 hour chart we note that Solana just peaked over the previous all-time high (ATH) of $260.00 and hit $264.63. It was rejected off of that level, leading to fear. Many people bought the top thinking it would just blast off. Things don't work that way. ATH is a strong resistance and requires significant effort and reason to beat, especially for a top 10 Market Cap coin. So we look at a few indicators to understand what could happen next without making any rash decisions. The first thing I notice is the significant BUY VOLUME as noted by the tall green bars at the bottom of the chart. Secondly, we have a Bullish Falling Wedge Pattern that has printed and now broken out with strong buy volume confirmation. Third, it just so happened that on December 3rd, 2024, the NYSE and Grayscale filed for a Solana ETF with the SEC. Notice how we use multiple data points to help support our hypothesis for a continued uptrend. Knowing the current bullish environment, and what we've seen so far. The most likely scenario is a continued uptrend and a breakout from the ATH. Once the ETF is approved and on the market, institiutional buying could lead to parabolic moves. This is not investment advice. This is objective analysis. Do what you will with the shared data points and please go confirm them for yourself. 🙂 It doesn't stop there. One of the best indicators which is usually overlooked by newer traders is the SOL/BTC pairing. For all cryptos, there is a BTC pairing because BTC is the reserve currency. If we look at the BTC chart on the Daily time scale, we immediately notice the Symmetrical Triangle that has been forming since November of 2023, tightening up to February of 2025. Given all we know, and Bitcoins recent resurgence and ATH nearly touching 100k, this may be another data point that helps support our hypothesis of a continued uptrend in the price of Solana over time. HOWEVER, the symmetrical triangle has an equal chance of going up or down, so we can only be sure a significant move against BTC is imminent, but not the direction. With this in mind, we need to consider the scenarios where the BTC pairing could go up or down as it is more dynamic than a standard BTC pairing. For example, if BTC were to move up, while SOL remained the same, the BTC pairing would go down, even if the USD value did not change. The opposite is also true. Three things give me a more likely BEAR case for SOL vs BTC: 1. The fib extension has maxed out to the 4.236 level, BUT it also has corrected (slightly), so if this is all that it will correct, the BULL case is actually stronger should it make an upward move. 2. If the move is upward, it won't be without resistance. The top line shows the ATH in September 2021. This will be met with resistance before it can make a move up and find new highs. 3. Zooming out shows an "A-B" of what would usually be an "A-B-C" correction, if you follow Elliot Wave Theory (which I do). This makes me concerned that a massive move down is likely. Elliot Wave Theory (EWT) is generally useful but I do find it is not 100% foolproof and should only be a data point. Still, the C-wave correction is very common and may lead us back to the support line shown. Finally, if you remember from above the 200-day MA, this also exists on the BTC pairing. In just the last few days we had a drop in the price of SOL. This drop went below the 200-day MA. This could have been scary for many who track the MA, if they didn't look for the other signs. Transparently, I bought here. tripled down actually. Started when it touched the line, and then kept buying until I couldn't. I didn't get the bottom of the move, but I tracked a support line at $210 USD which is where I'd consider stopping out of my position if it went lower than that. For now, we look at this move below the BTC 200-day and notice the following: 1, A Falling Wedge pattern which you saw in a previously above. 2. The lower white line is also the bottom of the Symmetrical Triangle shown above. 3. The attempted dump led to a massive bounce with significant green volume candles, pushing it back over the BTC 200-day in just a few hours. This was helped by the ETF announcement (but do you believe in coincidences?) - I love seeing this confluence with reality and wonder if it is intentional. One could argue that lower line below the 200-day was a prime buying opportunity IF the move is upward from here, which the fundamentals and multiple analysis data points I've shared here support. THIS WAS A FAKE OUT THEN BREAK OUT. But will it continue? We are breaking over the 200 day MA again WITH VOLUME which is an excellent sign. So what do you do if you want to get a piece of the action and limit your risk at the same time? Don't just go all in on Solana, because risk is REAL in the markets no matter how much analysis we do. A good strategy is to get a small position, and then try to cost average as the price declines. We saw a retrace of the move, and in beautiful CONFLUENCE, we see a bounce off of the 618 retracement at the exact same line as the falling wedge. Will that hold? Will we go lower? Or is it up from here? Only time can tell... MANAGE YOUR RISK. Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
COINBASE:SOLUSDLong
by Shadowfigure
21
Solana touched $204 and will now target $375Traders, In my previous post on Solana I explained the significance of that blue trendline. When Solana was at $260, I observed that while BTC consolidates with sideways price action, Solana could drop to $204 (pink horizontal support). It did that. In fact, we hit that price several times and so far that support has held. I have now taken a long position and will be targeting $375. on SOL. Here's my quick thesis. First of all, you will notice that inverse head and shoulders pattern. While it hasn't completed yet, nor confirmed, I highly suspect the pattern will play out. There are several reasons why this could be the case. Number one. The rotation of alts is different this year. In case you haven't observed this yet, it goes something like this: Bitcoin pumps either slightly before or sometimes simultaneously with Solana and Solana based meme coins. Often, Solana based memecoins, especially AI genned mcs, are even ahead of Solana and Bitcoin. I have started to observe this recently while looking at my Solana mc list. Many of the Sol AI genned mcs were up yesterday and today. Now, maybe I got lucky and just picked all the right coins to add to my list, but I don't think so. One of my mcs was up almost 900% today at it's peak. That was DEVIN. I am so stoked 'cuz I hold a huge bag in that one. Anyways, I think this is giving me my first hint that the pump rotation is just about to begin again before Christmas. It often starts with SOL based AI mcs first, then other mcs like the OG cats, dogs, and frogs, etc. Then we hit the dex's like Jupiter, Ray, GUAC, Orca, etc. Then you'll see SOL start (maybe in conjunction with BTC). Next you'll start to see other chain based mcs pump along with AI coins like FET, TNSR, AIOZ, NEAR, etc. Last but not least, you'll see the OG Boomer ALTS pump to finish it up. My suspicion is that we get one more round of something like this before Christmas. I could be wrong but so far, my record speaks for itself here so be prepared for this. ✌️ Stew.
COINBASE:SOLUSDLong
by stewdamus
2
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs: Click chart above to see the detailed analysis👆🏻 In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun. Levels to watch: $200, $500 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
8