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Solana

a complete roadmap for SOL coinWhat happened in 2021 is very similar to what is happening now A positive pattern forms after an accumulation period Then, after breaking and retesting, a bullish rally occurs Solana is one of the largest projects ever and you deserve to own a part of it in your portfolio Entering now is a good decision, even if you are corrected a little with u Breaking the $200 resistance on the weekly frame will create a huge bullish rally for Solana best regards ceciliones🎯
by ceciliones
5
VanEck Seeks First-Mover Advantage with Solana ETF FilingVanEck, a leading innovator in the exchange-traded fund (ETF) space, has made a strategic move to capitalize on the growing popularity of Solana by filing an application with the Securities and Exchange Commission (SEC) to launch the first-ever Solana ETF in the United States. This filing, announced on June 27 via the X platform, signifies VanEck's commitment to expanding its cryptocurrency investment offerings and reflects the company's belief in the potential of the Solana blockchain. The proposed ETF, named the VanEck Solana Trust, aims to directly track the price performance of Solana (SOL), a prominent cryptocurrency known for its high transaction speed and scalability. According to the preliminary prospectus filed with the SEC, the Trust will achieve this by directly holding SOL tokens in its reserves. These tokens will then back the shares issued by the VanEck Solana Trust, essentially offering investors indirect exposure to Solana's price movements. The listing venue for the VanEck Solana Trust is planned to be the Cboe BZX Exchange, a prominent platform for trading exchange-traded products. This selection indicates VanEck's intention to provide investors with a familiar and well-established marketplace for accessing Solana exposure through a traditional ETF structure. This filing by VanEck holds significant implications for both the company and the broader cryptocurrency market. Here's a closer look at the potential impact: For VanEck: • First-Mover Advantage: By positioning itself as the first applicant for a Solana ETF in the US, VanEck has the potential to capture a significant share of the market if the SEC approves the filing. This could attract investors seeking convenient and regulated exposure to Solana without the complexities of directly acquiring and managing cryptocurrency tokens. • Diversification of Crypto Offerings: The VanEck Solana Trust filing represents the company's continued expansion into the cryptocurrency asset class. With existing offerings like the VanEck Bitcoin Strategy ETF (VBIO) already in the market, VanEck demonstrates its commitment to providing investors with a range of options for participating in the digital asset space. For the Crypto Market: • Increased Investor Adoption: A SEC-approved Solana ETF could significantly increase mainstream investor adoption of Solana. ETFs offer a familiar, regulated investment vehicle, potentially attracting those hesitant to directly engage with cryptocurrency exchanges. This broader investor base could bring increased liquidity and stability to the Solana market. • Validation of Solana: The SEC's potential approval of the VanEck Solana Trust would serve as a significant validation of the Solana blockchain's technology and its potential for real-world applications. This recognition from a traditional financial institution could further bolster confidence in the Solana ecosystem. However, it's important to acknowledge some key considerations: • Regulatory Hurdles: The SEC has historically taken a cautious approach towards approving cryptocurrency ETFs. The VanEck Solana Trust will need to meet the SEC's stringent regulatory requirements before it can be launched. The approval process could be lengthy and uncertain. • Market Volatility: The cryptocurrency market remains highly volatile. Investors considering the VanEck Solana Trust should be prepared for significant price fluctuations in the underlying SOL token, which will directly impact the value of their ETF shares. In conclusion, VanEck's application for the first US-based Solana ETF marks a significant development for both the company and the cryptocurrency market. If approved, the VanEck Solana Trust could pave the way for wider investor adoption of Solana and further validate the potential of this innovative blockchain technology. However, investors should be aware of the regulatory hurdles and inherent price volatility associated with cryptocurrency investments.
CRYPTO:SOLUSD
by bryandowningqln
SOLANA - bulls and bearsHello, solid lines = support..... they become resistance in the future. dotted lines = resistance.... the become support in the future. I look for signature harmonic patterns, and then find them in our recent history... like from 2 similar moves prior, on whatever time frame. this account for the foreground and background arguments. one each level (at every scale) there is a harmonic pattern dominated by the bullish bulls, and then the one dominated by the bearish bulls... for example. so I go back 2 peaks, and start comparing wave counts, and expansion / contraction arguments... We then verify the relevance of the match with the MACD and RSI patterns. so this results in 4 lovely projections, or forces that are at play. these are overlayed, and fit, so that they respect the level lines. This shows us the likely behaviors to expect as we move through the levels.... We can then look to other time frames to fill in more detail, or consider what the indicators are telling us, as we confirm which trace is dominating. We can then either leave the trace in its original position for reference, or adjust it to fit new data as it unfolds. an ongoing effort. I do most of my work on DOGE coin. I believe DOGE insights the notion of LOVE... unconditional love, like mans best friend . . . who sits, stays, and goes for runs! good boy! I also believe that BTC is unfolding as the largest pump and dump in all history, as the crypto traders finally caught the corrupt matrix money of the ETF's, and get to walk away leaving them an empty bag. ha!
by DHLawrence
1
SOL - Wait for Solana's ETF!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 SOL has been bearish trading within the falling channel pattern marked in red. Moreover, the $100-$115 is a strong support and demand zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #SOLANA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
Alikze »» IO | Short -running channel🔍 Technical analysis: Short -running channel - The one -hour frame is moving after a modification in a short ascending channel. - In the middle of the canal and in the area of ​​resistance density. - If it can be located above the area, it can have up to 6.25 channel ceiling and can grow with the middle of the canal to the supply area if the reaction. 💎 Alternative scenario: If it fails to break the resistance range and face the channel failure, it can modify the green box after the money. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
3
SOLANA - Top In Place! Down We Go...In our last analysis, we shared an unpopular opinion where we forecasted Solana to move down towards the $10 region. We appear as if we've made the top and looking for further downside. The overall pattern we're seeing is a 535 Zigzag correction. We had our confirmation to sell as the break of the red trendline, which we used to signalise the end of wave B and the start of wave C. We're keeping invalidation levels for the bearish scenario above 210. We'll be looking for further shorting opportunities. We'll be sure to update when we see another entry point! Goodluck and as always, trade safe!
BINANCE:SOLUSD
by WicktatorFX
24
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result: The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ). ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDShort
by CryptoCheck-
2
Solana (SOL): Preparing for Further CorrectionsInitially, we entered Solana at $80 and have been pleased with our position. However, upon reevaluating our scenario, we believe that the larger Wave II may not be complete, and we could see further downside. Therefore, we have decided to adjust our stop loss to avoid being prematurely stopped out, especially if Wave II is not yet finished. This adjustment is based on our long-term belief in Solana's potential. We anticipate that Solana might fall to the range between $92 and $51, with $51 being the absolute maximum downside level. In anticipation of further corrections, we plan to place a second entry at the 127.2% Wave C level, expecting a significant rise post-correction. Quarterly VWAP Analysis In the current situation, the 2024 Q1 VAH (Volume Area High) is acting as resistance, while the current range is defined by the 2024 Q1 VWAP at $126, which has been touched twice, each time forming lower lows. If Solana loses the $126 support level, the next significant range is between $91 and $82. This aligns well with our second entry target at the 2024 Q1 VAH and the 2023 Q4 VAH. In the worst case, a further drop could take Solana down to around $60. To achieve a bullish reversal, Solana needs to reclaim the $126 level and push upwards. Breaking above $161.9 would signal strength, and surpassing the $210 mark would confirm a bullish trend continuation. In conclusion, we remain open to further downside to the $91-$82 range for a potential second entry. Holding this range is crucial to avoid deeper declines towards $60. Conversely, reclaiming $126 and breaking above $161.9, and eventually $210, would indicate a strong bullish reversal.
Long
by freeguy_by_wmc
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top: Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern. A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
Short
by TopgOptions
3