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Solana

Solana Faces Resistance at $160, Seeks Liquidity Between $132 anSolana (SOL) is currently in an interesting price range for investors looking for liquidity opportunities. The asset may retreat from the $153 level towards lower levels, seeking liquidity in the $137 to $132 range, offering a potential entry point for short-term investors. However, the asset is facing significant resistance around the $160 mark, which has been challenging to surpass in the current market environment. Despite this difficulty, Solana shows promising long-term potential, supported by its robust technological infrastructure and increasing adoption in the blockchain market. Investors with a more patient profile might view this phase as a strategic positioning opportunity, with an eye on potential future gains.
Short
by space_cash
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation. Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend. Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher. If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March. However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Long
by paul_endeo
FWOG Top 10 Meme for 2024-2025 Cycle Review of FWOG Technicals: FWOG follows a unique cycle of growth and accumulation, providing opportunities for both short-term and long-term investors. FWOG has exhibited a steady upward trend (Green), often characterized by sharp bullish movements (on the RSI green arrow) followed by periods of consolidation or "accumulation." (Yellow Arrow and Yellow Rectangle) This pattern suggests that the coin is building strong support levels, allowing for healthy growth without severe volatility. The accumulation phases are seen as a period where buyers consolidate their positions, preparing for the next leg up. Next Move: ReAccumulation for now to end of October with a move forward as this meme/alt coin cycle keeps pushing up. I can see market cap reaching 300k in the next month. Current: $0.1687 Price target: $0.33 - $0.37 for this next move Longer term: $0.89 - $1.2 Fundamentals Current Analytics: 162 Million Market Cap 21.5k Holders Growing CEX listing list: MEXC, CoinEx, XT, Gate.io New Listings: Crypto.com, Bitmart, LBank Social Media: x.com Followers: 21.9K Meme Community Outlook: Look at their twitter the creative and engagement is insane. x.com Memes are all about growing the cult community and having a reason to stay. The steady increase in holders, closely mirrors the number of followers on Twitter. This correlation suggests that as more people discover and engage with FWOG on social media, they are also taking the step to become holders, reflecting growing confidence and community support around the coin. Easily can grow to more followers = Increase in Holders = Price growth = Market Cap increases = more public acknowledgement = FWOG grows to Top 10 meme in this 2024 - 2025 cycle. Holders: In recent days, there has also been a surge in large-scale purchases of FWOG. On-chain data reveals that more significant investors, or "whales," are buying substantial amounts of the coin, reinforcing the upward trend. This activity indicates strong market sentiment, with key players accumulating FWOG during its consolidation phases, possibly in anticipation of further price increases. The combination of growing user numbers and large-scale buying reflects a healthy demand for the coin, supporting its recent upward movements. If you do not know how to look at insider trades you need to learn how to use solscan.io and look at the holders page solscan.io Look at big addresses to see there transfers and portfolio for insider information. Wisdom: BUY FWOG - Strong Community - Whales are taking profits on small projects and reinvesting in their fwog positions. Strong Creative. You are not Late at 162 Million Market Cap this coin can grow into 500 Million Market Cap in the next months and reach 1 - 3 Billion Market Cap at the top of the cycle. You are early! Picking your Meme winners that you have conviction in and holding will get you the gains you want and deserve for this cycle. $FWOG
Long
by Alt-Frodo
2
Solana Approaching Critical Support: Bullish Reversal or DeclineSolana has shown impressive resilience in the crypto market, benefiting from its high scalability and rapid transaction speeds. Now, the price is testing key support levels, which could define the next directional move. Upside Potential: A bounce from the support around $143.04 could drive SOL higher toward $154.20. A break above this resistance could confirm a strong upward momentum, allowing SOL to push toward the $160 range. Downside Risk: If SOL fails to hold the current support, a decline toward $138.53 and potentially $135.48 is possible, signaling more downside pressure in the near term. This is a critical zone for SOL, with both bulls and bears closely monitoring price action for confirmation of the next move. Happy Trading Mindbloome Trader
CRYPTO:SOLUSD
by Mindbloome-Trading
Solana Roadmap!!!Today, I want to analyze the Solana ( BINANCE:SOLUSDT ) project for you; I hope it will be useful 😊. First, let's have a fundamental analysis of the Solana project . 1. Network and On-Chain Performance : Solana, using its Proof of History (PoH) technology, is known for high speed and excellent scalability. The number of transactions and active users in its on-chain ecosystem continues to grow, and the total value locked (TVL) in DeFi protocols on Solana remains high. However, network outages in the past have slightly damaged user and investor trust. 2. News and Developments : Solana is actively collaborating with new NFT and DeFi projects, contributing to the growth of its ecosystem. The development team is working on resolving technical issues and upgrading the network to enhance stability and security. --------------------------------------------- Now, let's take a look at Solana's technical analysis . When Bitcoin( BINANCE:BTCUSDT ) touched $50,000 on August 5 , Solana also touched $110 , with so much volume that these last two months' moves seem to be in the form of a correction , and we should expect another Solana correction . According to the theory of Elliott waves , Solana seems to have completed the main wave 3 at $193.9 8 , so that the microwave 5 of the microwave 5 of the main wave 3 is truncated . Before conclusion , let's take a look at the BINANCE:SOLBTC chart . SOLBTC is moving in a Symmetrical Triangle in the daily time frame, and if SOLBTC starts to increase again from the lower line of the symmetrical triangle , we can hope that if Bitcoin experiences a sharp fall, the Solana project will fall less and vice versa.👇 I expect Solana to drop at least -20% after breaking the Support lines and move back to near the lower line of the descending channel . Factors such as outages or disruptions in the Solana blockchain network can lead to further modification of this token . Educational tip : TradingView has released a new update for the Parallel Channel these few days, which can be very useful. I definitely suggest you visit this article . ⚠️ Note: If Solana can break the Resistance zone($164-$154), we should expect Solana to rise to $200. ⚠️ Solana Analyze (SOLUSDT), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
The last bullish chance of SOLANA !!SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL. White (longs) Orange (shorts) Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels. Shorts coming off their lows and seem to bottom when SOL price peaks. Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts). Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity. What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general. My takeaways: SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze. Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout. Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why. If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range. Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
by bhx10
Is SOLANA really bullish? A different lookEveryone is super bullish on SOL, and I have been also, look at my previous post: But are we still bullish is the question? We hit a 2.618 on logscale exactly for this top, and thats HUGE. So far we are holding a triangle like consolidation pattern at the top but we are setting lower highs and support has been tested 7 times! This will not hold forever if we keep testing it. If we have a catalyst event this could cause a strong breakdown after so many attempts. So what can the cataclyst be in "uptober" where everyone will leverage long like true degens. - Market data has been proven incorrect and better than expected. What happens if the FEDs announce that they don't need to cut rates? Crypto will absolutely not like this. - Israel or russia war events can cause huge disturbances to the market - ?? Am I saying short SOL? No. I'm saying prepare for a possible unexpected turn of events where the entire market is wrong, like always, and you will be prepared. I for one got 3 big limit orders with the major ones being $69 hihi, and $40. If we actually break down i don't expect $80 to be anything more than a bounce.
Short
by Gojira-san
SOL - Are these moves big enough CRYPTOCAP:SOL is facing some market indecision and is at a fib retracement level of the 382 after hitting the .618 As often seen in the market price retracts in search of liquidity and confirmation of support. we have a long legged Doji candlestick on the Weekly close that is showing market indecision and could indicate an end to the downward momentum. We need to confirm this before we can be sure of this reversal and are watching for support to be found on the 382. Barring support being found we will see price go lower into the accumulation price area and we must confirm the trend reversal before entering a trade. If we can setup the trade and catch the reversal we could see anywhere from 20% to 40% returns on a day position and may want to look towards entering into a 30 day long at this point as well for even larger possible returns as SOL could be in the 170 area in a month if we break out of the overall larger downtrend
Long
by dasBoot
ETH Best level to BUY/HOLD TP 50% gains🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024. 🔸We are stuck in mixed range / distribution, since previously price dumped in the summer time therefore expecting more losses in this market before an eventual recovery / bounce off the strong S/R below. Range is defined by 2300 usd lows and 2750 usd highs. so far we are still stuck in this range and I can't recommend any trades right now. 🔸Recommended strategy bulls: wait for a fake breakdown of the recent range expecting one final swipe higher towards 2750 before the eventual dump / breakdown. I got two important levels marked down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal at/near 2 000 usd as the bulls will defend this level. Logical price target for the swing trade setups for the bulls is 3 000 USD, this trade got 50% unleveraged/clean upside. Keep in mind that this is a swing trade so naturally will take more time to hit TP. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:ETHUSDShort
by ProjectSyndicate
12
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair. The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity. I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry. SL below the last expansion low that reached into nested weekly PD Arrays. - R2F
Long
by Road_2_Funded
4
The possibility of forming a selling position for SolanaAs shown in the 4-hour chart, after a sharp downward movement near the main daily support, the price has created an upward movement, which in fact created liquidity to take further liquidity. Currently, due to reaching the range of the daily key level and the 4-hour breaker block that I have specified, as well as the weakness of the trend that can be seen in reaching the resistance, I expect a rejection and a selling position from this area.
Short
by MrHunterTradeInsight
Four Horseman of Defi !?Defi is dominated by four sectors. Chains. Staking. Dexs. Lending. Those four sectors cover majority of crypto space today. Together they create a liquid financial market. Tomorrow they may help spawn an emerging sector like ai, gaming, metaverse, nft, depin, etc into a dominate industry. Unfortunately for many those emerging sectors have yet to become dominate day to day within crypto or outside of crypto. For now we have chains, staking, swapping and lending. We have four chains that are widely available on centralised exchanges. Ethereum, Solana, Sui and Avalanche. The four assets listed here cover all four widely available high performing chains in all four high performing sub sectors. BenQI is the high performing lending protocol on AVAX. Uniswap is the high performing dex on Ethereum (and defi space as a whole). Sui is the high performing growth layer 1 chain leading after the big3 (eth, sol and bsc). Jito is the high performing staking protocol on Solana.
Long
by SoftQuant
[SOL/USD] In need of serious bounceFirst, let's take a look at 4 hr chart of CRYPTO:SOLUSD . The 220 EMA line has now breached & the price dive further to 136-138 zone at the moment. So, what's next ? Why don't we try to zoom it out a bit, see the daily chart. It is now resting at 220 EMA line, which as well the trend line support. To continue its bullish journey, the price need to bounce from here (duh...) as it needs to avoid the EMA making death cross, as well as the MACD need to breakout from its downtrend line. The long term view of this token is actually looks pretty. There's a beautiful pattern in the making on the higher time frame, but let see how this daily setup played out first. Cherio...
CRYPTO:SOLUSD
by moressay