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Solana

$GNON Set for Bullish Breakout as Cup and Handle Pattern EmergesNumogram ($GNON), a Solana-based memecoin, has captured significant attention in the crypto market with its recent price movements and unique utility. Despite undergoing a steep 47% correction over the past two days, $GNON’s technical and fundamental indicators suggest a potential trend reversal, placing it in the spotlight of crypto enthusiasts. Technical Analysis The daily price chart of $GNON reveals the formation of a classic cup and handle pattern. This technical indicator often signals the end of a consolidation phase and the onset of a bullish trend reversal. Currently, the handle—a critical component of this pattern—is nearing completion. The latest candlestick shows a bearish closure with a short, thin wick close to the baseline of the handle. This suggests that the downward momentum is waning. A breakout above the handle’s resistance level would confirm the cup and handle pattern, setting the stage for a potential price surge. Traders should watch for a significant increase in trading volume accompanying the breakout, which would validate the bullish trend. $GNON’s Unique Value Proposition $GNON’s ecosystem, powered by Solana’s blockchain and Matrix.org’s federation protocol, offers a decentralized infrastructure for agent-to-agent communication and interaction analysis. Through its innovative Echochambers system, $GNON enables: - Real-time Behavior Tracking: Facilitating unfiltered communication between AI models. - Dynamic Agent Collaboration: Allowing researchers to study multi-agent dynamics and emergent communication strategies. - Advanced Security Protocols: Ensuring safe and transparent interaction environments. These features make $GNON a unique player in the memecoin market, blending blockchain technology with advanced AI research applications. Market Activity and Performance Metrics - Daily Trading Volume: $10,350,889, representing a 40.70% decrease from the previous day, highlighting reduced market activity. - All-Time High (ATH): $0.1818 (October 20, 2024). Current price is 81.21% lower. - All-Time Low (ATL): $0.003355 (October 30, 2024). Current price is 918.09% higher. - Market Cap: $34,125,630 Despite the recent market-wide retracement, $GNON has outperformed the global cryptocurrency market (down 11%) and its memecoin peers (down 18.20%), with a 52.30% price increase over the past week. Broader Market Context The crypto market has faced significant volatility, with CRYPTOCAP:BTC dipping to $93k and CRYPTOCAP:ETH dropping from EUROTLX:4K to nearly $3k. However, TSX:FTT ’s strong performance—bolstered by speculation around the release of FTX founder Sam Bankman-Fried—demonstrates the impact of news-driven catalysts. $GNON’s resilience amid this landscape further underscores its potential. Where to Trade $GNON $GNON tokens are available on multiple platforms, with the most active trading pair (GNON/SOL) on Raydium, which reported a 24-hour trading volume of $6,069,832. Other popular exchanges include LBank and MEXC, offering ample liquidity for traders. Conclusion With a compelling mix of technical indicators and robust fundamentals, $GNON is positioned for a potential breakout. The completion of the cup and handle pattern could signal a strong bullish trend, making it a promising prospect for traders and investors. Coupled with its innovative platform and recent market outperformance, $GNON exemplifies the potential for memecoins to evolve beyond their initial hype into valuable assets within the blockchain ecosystem. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research before making investment decisions.
Long
by DEXWireNews
SOLANA Bull Flag (UPDATE)The solana token move-UP has begun , I published a previous idea where I spotted the bull flag earlier, while building up. Previous idea here below, if you missed it. A near resistance level has just been broken to confirm that CRYPTOCAP:SOL is ready to push up on a parabolic run, despite bitcoin dumping. I am holding from GP price level. My hopeful target is $300 - $500 . CRYPTOCAP:SOL is expected to go back to previous high price. More update to follow as we go along Merry Christmas TRADENATION:SOLANA 🎄🎅 Comment if you agree. Like if you disagree
Long
by CryptonKidd
TRX Perfect Bat Harmonic, Complex Correction, Double BottomTRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
CRYPTO:TRXUSDLong
by Intuit
2
SOLANA TO $140Solana could potentially see a big dip in price if BTC continues in short downward trend. As we all know SOL is correlated directly to the movements of BTC, in fact they are exaggerated on the SOL market, a 2% price movement on BTC could see 7-10% on SOL. If BTC continues downwards then Solana can jump from $180 to $140, there is also TA to support this. As you can see from the TA the SMA's have crossed over on the daily time frame but we are yet to have a pull back and retest, when this does happen it would likely be to the $210 price range, this would line up with the 61.8% retracement as well as the next major resistance level. This is when i would look to enter if we get a clear rejection from the SMA's, the resistance level and the 61.8% fib level. If SOL rejects this price then i believe the target for this short would be the $140 price area, this is the price that the fib gives us as well as the next major support level being located around this price. Of course it'll have a lot to do with BTC's movements over the next few days / weeks so we'll watch BTC closely to see how it influences this potential trade.
COINBASE:SOLUSDShort
by h88nry
Solana (#SOL): current situation and future prospectsSolana (#SOL): current situation and future prospects Current Price: The SOL price level remains volatile, reflecting the overall market sentiment. Trading volume: After a period of low activity, volumes are starting to gradually recover. Technical Analysis: The price is approaching key support and resistance levels. It is important to keep an eye on the areas around TSXV:XX (depends on the current price) to confirm further direction. 📈 Outlook: Solana continues to grow the ecosystem and attract new projects. Several factors could influence the future of the cryptocurrency: Fundamental potential: The Solana network is actively used in DeFi, NFT and other areas. An expanding ecosystem will keep interest in the token alive. Updates and improvements: Constant updates to the network make Solana competitive with other blockchains. Investor interest: Increased institutional interest in Solana could be a driver of price appreciation. ⚡ Trading strategy: Short-term: Given the volatility, SOL is suitable for active traders. Keep an eye on support/resistance level breakouts and trading volumes. Long-term: For investors with a 1-2 year horizon, Solana remains a promising asset, especially if the cryptocurrency market enters a growth phase.
Short
by Trade_Hive_Signals
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading. As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
COINBASE:SOLUSD
by stewdamus
2
SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50. Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before. As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond. Buy and target $385. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSDLong
by TheCryptagon
1
Are Solana lovers here?BINANCE:SOLUSDT Did you get high from how Solana held the most powerful historical level? But we need to stand a little longer to go into space.At the moment, the chart is very favorable.Who can we thank for this positive development in the market?⚡️ Very strong purchases at the 200 level.I think 300 won't take long to wait.🚀🚀🚀 One small correction and people's market goals change dramatically. They forget about the action plan and how this market works in general. Don't let your emotions control you. It's not going to do any good. Both in this market and in life.
Long
by Real_CryptoRoy
3
$BONK will dump very low. Short opportunity.CRYPTOCAP:BONK , SEED_DONKEYDAN_MARKET_CAP:FLOKI , CRYPTOCAP:PEPE , and similar coins have seen massive pumps recently. However, these surges are not organic; they are likely manipulated by exchanges or influential whales. CRYPTOCAP:BONK , for instance, is heavily backed by the Solana community and gets a significant push from Solana enthusiasts. The issue with these pumps is that they defy normal chart logic, creating large bearish divergences. These divergences eventually need to be corrected, leading to prolonged and painful dumps. Trading these coins can be straightforward if approached wisely. Wait for a significant dump and for the weekly chart to reset to oversold territory. This process could take up to six months. The best time to act is when the daily, weekly, and hourly charts align. This alignment often signals when whales ignite a new pump. However, once the coin is pumped, sell quickly and move on to avoid the inevitable harsh dump that follows. Currently, CRYPTOCAP:BONK is in the process of resetting. Until the MACD and RSI reach their lowest levels, I would recommend staying away from this coin entirely or considering shorting it. **DYOR** (Do Your Own Research).
Short
by CryptoNikkoid
2
SOL/USD: Will Solana Blast to $400 or Dive to $70?Hey Mindbloome Family, let’s talk about Solana—it’s at an important spot right now. Here’s how I see it playing out: If Solana gets to $202, it could really take off and head for $400 or more. If it dips to $155–$160, there’s still a chance it bounces back from there. But if $155 doesn’t hold, we might see a deeper drop to $65–$70. Wellness Tip: Remember, it’s not just about trading—taking a short break or stepping outside for some fresh air can help you stay sharp and focused. If you’ve got questions or want to chat more about this setup or trading in general, check out my profile or send me a DM. I’m here to help and share what I’ve learned. Kris/Mindbloome Exchange Trade What You See
KRAKEN:SOLUSD
by Mindbloome-Trading
2
SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries. I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high. Trade Plan: EP (Entry Point): $202 - $196 TP (Take Profit): $240 - $260 SL (Stop Loss): $184 - $182 Personal Approach: I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this! What you should do is entirely up to you. DYOR.
Long
by trendbooster
SOL / USDT : Approaching trendline resistance SOL/USDT: Approaching Trendline Resistance with Strong Breakout Potential SOL/USDT is gaining momentum 📈 as it nears a crucial trendline resistance zone 📊. The pair has been consolidating tightly, building up energy for a potential breakout 💥. This could be the breakout we've been waiting for, signaling the start of a strong bullish trend 🚀. Stay alert and watch for confirmation signals before making a move. Key insights: 1. Trendline resistance: SOL/USDT is testing a significant trendline that has acted as a barrier in the past. A breakout above this level could unlock substantial upside potential. 2. Volume surge: A noticeable increase in trading volume during the breakout will confirm strong buyer interest 🔥. 3. Bullish signals: Momentum indicators such as RSI and MACD are turning positive ⚡, indicating growing bullish strength. Steps to confirm the breakout: Look for a decisive 4H or daily candle closing above the trendline 📍. Watch for a volume spike during the breakout, signaling robust buying activity 📊. A retest of the broken resistance as a new support level will add confidence to the move ✅. Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️. Risk management strategies: Set stop-loss orders to protect against unexpected reversals 🔒. Ensure your position sizing aligns with your overall trading plan 🎯. This analysis is for educational purposes only and is not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
Long
by Crypto-By-Ghazi