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Solana

Traders bet big on US election with $345M in optionsMarket Update - August 22, 2024 Harris policy adviser talks digital assets: Speaking at a Bloomberg roundtable event, Kamala Harris policy adviser Brian Nelson said Harris will support policies to grow crypto and other emerging technologies. Spot bitcoin ETF holdings total $4.7 billion: Goldman Sachs and Morgan Stanley invested in BlackRock's iShares Bitcoin Trust, among other ETFs. Bitcoin crossed over $61,000 as volatility remains high: With the Federal Reserve's interest rate decision looming, traders are cautious about future price movements. Tether has launched its USDT stablecoin on the Aptos blockchain: The move comes as Tether’s main competitor, Circle, announced that USDC will soon have tap-to-pay functionality enabled. Traders have invested heavily in bitcoin options linked to the US election, with over $345 million in open interest: The majority of the interest is in call options, suggesting traders could be anticipating potential record highs in bitcoin. The SEC has rejected Cboe BZX’s filings for two proposed spot Solana ETFs, citing concerns about Solana's classification as a security: The decision has halted the approval process, with VanEck and others still vying to launch Solana ETFs. ▶️ Read more here ⛰️ Topic of the Week: What is Mt. Gox?
GEMINI:BTCUSD
by Gemini
SOLUSDT Rectangle Pattern FormationSOLUSDT Technical analysis update SOL has been forming a rectangle pattern for the last 170 days. The price is now approaching the rectangle's resistance, indicating a potential breakout. If the breakout occurs, we can expect a strong bullish move in SOL, with the price possibly reaching $500 in this bull run. In day chart 200 EMA act as a good support for SOL A similar pattern formed at the bottom, where the price stayed within a rectangle for 280 days before breaking the resistance and surging 600%. We could see a similar move once the current rectangle is broken. Regards Hexa
Long
by HexaTrades
1
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024. Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B: This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇: Until then, don't lose hope just yet! December is usually a great time for the crypto markets. _________________________________ CRYPTOCAP:SOL COINBASE:SOLUSD
COINBASE:SOLUSD
by CryptoCheck-
SOL sell/shot setupSOL is creating internal pullback on small time frames. At the bottom of the candles we have a liquidity pool that is expected to be swept soon. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Aerodrome Finance is a 25x - 50x Coin From Here#Aerodrome Finance is the central marketplace and liquidity hub for the Base Network, which is #Coinbase's #Ethereum L2 built to bring one billion users on chain. #Base can be regarded as Coinbase's answer to #Solana. Since Base won't have its own token, many consider Aerodrome Finance, whose founders/creators work closely together with those of #BaseNetwork, to be the next best thing. Aerodrome Finance has been gaining traction fast lately and has become an onchain volume leader. Currently, Aerodrome Finance sits at around the 150th place in terms of market cap, which means it's still in its infancy. In fact, the Total Value Locked on SPARKS:AERO is greater than the market cap of the #Aerodrome coin – there is a very valuable lesson in there for those who pay attention. Aerodrome with the current marketcap of BNB = $132 (205x) Aerodrome with the ATH marketcap of BNB = $189 (300x) Aerodrome with the current marketcap of Uniswap = $9 (13x) Aerodrome with the ATH marketcap of Uniswap = $39 (60x) Aerodrome with the ATH marketcap of Pancakeswap = $12 (18x) #AerodromeFinance, which is a real coin with utility and closely linked to Coinbase, currently has a meager marketcap of $0.3 billion. In comparison, a meme coin like CRYPTOCAP:PEPE currently has a marketcap of over $3 billion - 10x that of #AEROUSD! I personally believe AERO is a solid choice and may become one of this bull cycle's biggest winners. It's potentially a 25x to 50x coin from the current price. Once altcoins start running again, I expect this coin to do a quick 10 - 15x before the next significant correction.
COINBASE:AEROUSDLong
by couldntcomeupwithone
4
Solana Likely To Test The Low $100 Area - Great Long OpportunityDespite greatly outperforming most of the crypto market recently and getting a higher high, Solana obviously couldn't avoid the global selloff that has been happening across all markets for the past week. The sell pressure might force Solana to a lower low in the $100-110 region, maybe even wick below $100 as stop losses get hunted and people get liquidated. There are several factors that make me believe this could be the bottom of the range we've been trading at for many months, and we'll be heading to new highs starting around September/October. The low $100 area has previously shown to have high liquidity, and has a positive volume delta since the low of January, indicating there's more buying than selling interest at that price. There's also the October anchored VWAP which has now reached $108. The upper 0.5 standard deviation band has acted as a support level for pretty much every dip so far this year, but we could see a test of the VWAP now that it has risen close to the local trading range. The Fib extension using the pivot highs and low of the trading range gives us the 1 level at $107, aligning with the VWAP. The ideal entry points which I'm looking for are $107.5, $102.5 and $97.5, as there's a high chance that there will be a lot of stops around these prices. Also be aware that there might be a double bottom first before price goes up again, which is often the case for major trend reversals, and has been for Solana's previous 2 dips. These usually also have a bullish RSI divergence which is good to keep an eye out for. Profit targets for this trade shorter term could be around like $180-$200, longer term would be at some future new ATHs, which might be around some of the Fib levels in the previous chart I published.
Long
by NoLimit_777
1
Solana (SOL) Long-Term Investment AnalysisAs of the latest data, Solana (SOL) is trading at $179.07, having experienced a 3.49% increase over the last day. This places SOL in a dynamic position within the top five cryptocurrencies by market cap, currently valued at approximately $83 billion. Technical Analysis 1. Price Trends and Resistance Levels: • All-Time High (ATH): SOL’s ATH stands at $260. This level represents a significant resistance point as it’s the highest price SOL has ever reached. • Dynamic Resistance: The downward sloping red trendline indicates a dynamic resistance level, currently positioned just below the ATH, at around $240. This line has historically acted as a barrier to upward price movements. • Local Resistance: There is another resistance level marked around the $180 range, where SOL is currently hovering. Breaking through this level decisively could signal further upward momentum. 2. Support Levels: • Dynamic Support: A green upward sloping trendline suggests a dynamic support level that has been tested multiple times, currently around $120. This line indicates a rising support base for SOL, suggesting a bullish trend over the longer term. 3. Technical Indicators: • The trading volume is 2.209 million SOL, which shows active trading interest and liquidity. • With %K at 88.10 and %D at 84.06, the stochastic oscillator is in the overbought territory, indicating potential short-term pullback or consolidation before any further upward movement. • The RSI stands at 64.01, suggesting that SOL is approaching overbought conditions but still has room for growth. • The MACD line (9.18) is above the signal line (5.90), with a positive histogram value (3.29), indicating bullish momentum. Fundamental Analysis 1. Market Position and Adoption: Solana has gained significant traction due to its high throughput, low transaction costs, and strong ecosystem growth. It is now recognized as a major player in the DeFi, NFT, and Web3 spaces. Recent developments and partnerships continue to bolster its fundamental strength. 2. Technological Advancements: Solana’s unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), offers scalability solutions that rival those of other major blockchains like Ethereum. This technological edge contributes to its long-term growth potential. 3. Ecosystem Growth: The Solana ecosystem has seen exponential growth in terms of dApps, DeFi projects, and NFT marketplaces. The continued influx of developers and projects onto the Solana platform supports its sustainable growth trajectory. Market Sentiment Overall market sentiment for SOL remains bullish. Analysts and investors are optimistic about its long-term potential due to its technological advantages and growing ecosystem. However, caution is advised due to the overbought conditions indicated by the stochastic oscillator and RSI. Potential Market Scenarios Bullish Scenario: • If SOL breaks above the local resistance at $180 decisively, it could target the dynamic resistance around $240 next. • A sustained move above $240 could open the path toward retesting the ATH of $260 and potentially beyond. Bearish Scenario: • Failure to maintain the $180 level could lead to a pullback towards the dynamic support around $120. • Breaking below $120 would be a bearish signal, potentially leading to further declines towards lower support levels. When to Buy Solana (SOL) for Long-Term Investment Current Situation: Given SOL’s current price at $179.07 and the technical indicators suggesting overbought conditions, a cautious approach is warranted. Optimal Buying Strategy: 1. Wait for a Pullback: Considering the overbought stochastic oscillator and RSI, waiting for a pullback towards the $150-$160 range could offer a better entry point. This range has shown to be a recent consolidation area and might present a more favorable risk-reward ratio. 2. Dynamic Support Level: If the price drops further, the dynamic support around $120 is a strong level to consider for long-term investment. Historically, SOL has found significant buying interest at this level, making it a safer entry point. 3. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips. Conclusion and Market Outlook Solana (SOL) is currently positioned in a strong uptrend with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the long-term outlook remains positive due to strong fundamentals and ecosystem growth. Impact of Bitcoin’s Movement: It’s crucial to note that Bitcoin (BTC) is currently at a critical juncture. If Bitcoin fails to surpass its all-time high (ATH) and experiences a significant drop, it could have a ripple effect on the broader cryptocurrency market, including Solana. In such a scenario, SOL could also face downward pressure, making it vital to monitor Bitcoin’s price action closely.
by MonoCoinSignal
4
Short-term Potential ScenariosOn the 1-hour chart, Solana shows that it is at a support level of $142, which acts as a valid support. This area could be where buyers step in and push the price towards higher levels. Potential Scenarios: Maintaining Support and Moving to Higher Levels: If SOL can maintain the $142 support and then stabilize above the downward trend and the $148 level, this movement could lead to a continuation of the upward trend, reaching targets of $152 and $160. These levels act as potential resistances, and breaking through them could signal further strengthening of the bullish trend. Breaking Support and Price Reversal: If the price fails to hold the $142 support, there is a possibility of a return to lower support levels. In this scenario, traders should carefully observe the market’s reaction to these levels to make better decisions.
by MonoCoinSignal
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
Aug 14Overview: The market is currently at a stalemate, which isn’t surprising after last week’s 15% crash. Since 2009, CRYPTOCAP:BTC has only experienced a drop of more than 15% around 10 to 15 times. We’re receiving contradictory macroeconomic news: on one hand, predictions of a long-awaited recession in the U.S. are surfacing, with major corporations reporting diminishing returns and U.S. consumers already feeling the pinch, as grocery prices have jumped by 50-70%. On the other hand, Lord Jerome reports the year-over-year CPI at 2.9%, lower than the expected 3.0%. BTC ETF flows reported $81 million in selling, indicating that ETF investors aren't interested in BTC at 58.5k. However, just two days earlier, there was a positive flow totaling $66 million. Demand for NYSE:SUI via Grayscale has stalled, with a 20% decline from recent highs in the last two days, although it's still up 44% since the August 8th news. GETTEX:TAO , on the other hand, has only seen about one-sixth of that demand, rising just 7% to date. Is this the cost of not being listed on Coinbase? Alts Relative to BTC: No divergence observed. CRYPTOCAP:ETH , CRYPTOCAP:SOL , and AMEX:NEAR mirrored BTC’s correction of 5.22%, each declining by 6-7%. Bull Case: The S&P 500 continues to climb, nearing previous levels (only 3.81% away from its all-time high after a 9.44% drop). Jobless claims numbers came in lower than expected, signaling improving economic conditions and possibly taking a recession off the table. Global liquidity has stabilized over the last three days. Bear Case: None of the above factors support risky asset prices, and BTC loses its ETF demand support, potentially plummeting to 41.2-43.8k. Fear and Greed Index: 42.9, decreasing and edging toward Fear territory—where long red candles and even longer wicks reside. W: Mid-range, in accumulation territory, curving downward. While last week’s crash candle ended green, this week has shown a lower high and may close below the opening, potentially turning red. Only 3.54% separates us from the weekly support level, which could be tested in the next four days. No divergence. D: On August 14th, BTC touched the BB MA and bounced down, closing in red and re-entering the previously established $60.2k - $58.2k daily range. However, on the 15th, it already broke out of that range and may close outside of it. If the 15th closes in red, this week could be in trouble, opening the door to a drop toward 56k. 4h: After rejecting 61.7k, BTC crashed through the BB MA. This -5.5% correction was accompanied by a significant MACD divergence. To continue the existing trend, a bounce back up with bullish demand was needed, but no buyers stepped in, and the next 12 hours saw continued decline, currently trading slightly below the 58.2k daily level. 1h: A red candle at 2am on August 15th showed a dangerous increase in volume compared to the previous two red candles. With U.S. bulls sleeping, there may be no support at this level, risking a free fall. Prediction: With the lack of support from Asian bulls, we are likely to fall below 58k, and only unexpectedly positive news from Jerome Powell might keep BTC within the daily range, above 58k. Opportunities: CRYPTOCAP:SOL : Dropped below the weekly support level of $146.3 and seems to be declining, solidifying it as a new resistance. Opportunity to short to $130 (7.94%). AMEX:NEAR : Retreated from the weekly level of $4.39 and is on its way to $3.3 (19%). NYSE:SUI : Rejected the weekly level of $1, with the next stop at $0.8 (-10%), which coincides with the BTC ETF demand level. AMEX:APT : Rejected the weekly level. NYSE:AR : Holding on by a thread above a 58% abyss to the BTC ETF level, with no intermediate stops. NYSE:ENS : Expected to mirror ETH's performance, potentially doubling whatever CRYPTOCAP:ETH does. Mistakes: Yesterday’s 4h BTC divergence became apparent at noon (UTC-4, NY time) after a red candle appeared. As of now, at least 2.40% could have been captured. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
SOL/USDT Analysis🔍 SOL/USDT Analysis: Strategic Dates and Long-Term Prospects 🌟 The SOL/USDT chart highlights crucial upcoming dates and long-term price targets: September 23, 2024, December 16, 2024 - Green Lines: These dates indicate potential local lows, presenting ideal opportunities to accumulate SOL or enter long positions. Traders should consider these dates as key moments for building or adding to positions. February 10, 2025 - Red Line: This date could signal a local peak, offering an opportunity to take profits or reassess positions before a potential market correction. March 16, 2026 - Green Line: A significant long-term low is expected around this date, marking a prime opportunity to increase holdings for the next major market cycle. By aligning your strategy with these dates, you can better position yourself for the future of SOL and maximize your potential returns. #SOL #Solana #CryptoTrading #Cryptocurrency #MarketAnalysis #Altcoins #SOLUSDT
Long
by trushkovskiy
1
SUI the next SOL?Today, SUI is stirring Crypto Twitter, the most talked-about token. On the daily, SUI has reached its resistance so we can expect a slight cooldown from this level On the 4-hour timeframe, it's starting to look very interesting as 4hema50 already crossed above 4hema200 $1 is proved to be a strong resistance (psychological number) , however, would view 0.90 to 0.86 area as good area to bid (poc) However, we can also deviate to .82 to .80 taking those excess (poor lows & single prints) Token unlocks coming in 19 days, 26% of the total supply is currently circulating. Still 74% of the supply still has to come to market. Let's see how this event will affect the price. Exciting to see all the buzz and potential developments for SUI Network!
by Tealstreet
Helium Mobile Lags Behind Helium, 210% Just To Catch-UpHelium SEED_DONKEYDAN_MARKET_CAP:MOBILE is $SOLANA's leading #DePIN cryptocurrency and closely related to FWB:HNT (Helium). When we look at the chart for both coins, we can see that Mobile was closely correlated with HNT price. Sometimes it lagged behind, sometimes it was leading – and often, it outperformed Helium (because Helium is a Solana beta play, and Mobile is a beta play of Helium). I have looked at the market cap for both coins (Mobile and Helium). In the last year, Mobile's marketcap was, at different moments, approxamitely 38% to 50% of Helium's marketcap. Currently, Mobile's marketcap is less than 10% of Helium's marketcap, which can be seen as a stealth, hidden gem crypto opportunity. If you missed out on FWB:HNT price surge, getting into SEED_DONKEYDAN_MARKET_CAP:MOBILE right now is probably not a bad idea, since it needs to rise 210% just to catch-up with $HNT. And as mentioned before, it often outperformed Helium in the past. Looking at the chart, it's possible SEED_DONKEYDAN_MARKET_CAP:MOBILE made a double-bottom. The weekly SEED_DONKEYDAN_MARKET_CAP:MOBILE chart shows the first higher low in a year.
CRYPTO:MOBILEUSDLong
by couldntcomeupwithone
2
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
Memecoin Idea $GIGAWith Altcoins providing poor performance and memecoins stealing the overarching narrative of the cycle, I am betting that the Gigachad memecoin is the best r/r at the moment: It is completely organic and free of any overhanging supply It is arguably the most famous and influential meme of all time The real Gigachad himself (Ernest Khalimov) has endorsed this coin along with other famous celebrities such as Mike O'hearn & Paulo Costa (UFC) It is yet to be listed on any notable exchanges so many bullish catalysts on the way. Price discovery first and if CRYPTOCAP:BTC CRYPTOCAP:ETH and CRYPTOCAP:SOL keep pumping alongside GETTEX:PEPE then I think this goes parabolic and a clean 10x from here is in the cards
RAYDIUM:GIGASOL_4XXM4C.USDLong
by musk3000
2