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Solana

Solana Searching For Direction: Will SOL Break Free Or Fall Flat Solana (SOL), the high-speed blockchain once leading the charge in the 2023 bull run, finds itself in a state of uncertainty. Over the past few days, SOL's price has been stuck in neutral territory, oscillating between $155 and $170. This stagnant price action leaves investors both cautiously optimistic and undeniably confused about the future direction of the cryptocurrency. Conflicting Technical Signals Technical indicators often used to gauge cryptocurrency price movements paint a conflicting picture for Solana. On the bearish side, the dreaded "death cross" has emerged. This ominous signal occurs when the 50-day moving average dips below the 200-day moving average, historically indicating a potential short-term price decline. However, a glimmer of hope remains. The Relative Strength Index (RSI) for SOL currently sits in neutral territory. While not a bullish sign in itself, a neutral RSI suggests some underlying buying pressure, even if it's weak. This contradicts the "death cross" and hints that a significant price drop might not be imminent. External Factors Loom Large Beyond technical indicators, external factors could significantly impact Solana's future trajectory. Regulatory decisions from governments and financial institutions remain a wild card. Stringent regulations could dampen investor confidence and hinder the growth of the entire cryptocurrency market, including Solana. Furthermore, the broader market sentiment plays a crucial role. If the overall cryptocurrency market experiences a significant correction, it's highly likely that SOL would be dragged down along with it, regardless of its own technical merits. Solana's Strengths: A Beacon of Hope? Despite the current uncertainty, Solana boasts several strengths that could propel it forward. Its blazing-fast transaction speeds and scalability have attracted developers seeking to build innovative decentralized applications (dApps) on its platform. A thriving dApp ecosystem is crucial for any blockchain's long-term success. If Solana can continue to foster a vibrant dApp developer community, it could drive increased demand for SOL, potentially leading to a price surge. Analyst Predictions: A Mixed Bag Looking ahead, analysts offer a mixed bag of predictions for Solana's price. Some, like the report from CoinCodex, project a bullish surge to $185 by July 10th. This optimistic outlook hinges on the assumption of positive developments within the Solana ecosystem. However, this bullish sentiment clashes with the bearish technical indicators and the "greed" reading on the Fear and Greed Index. A high "greed" reading can sometimes indicate an overvalued market, potentially leading to a correction. The Verdict: Wait and Watch In conclusion, Solana's current state presents a complex picture for investors. While technical indicators are sending mixed signals, the broader market environment and potential regulatory hurdles add further uncertainty. However, Solana's core strengths in speed and scalability remain attractive. The continued development of a robust dApp ecosystem could be the key to unlocking SOL's true potential. For now, investors should adopt a wait-and-watch approach, closely monitoring both technical indicators and external factors that could influence Solana's price.
COINBASE:SOLUSD
by bryandowningqln
PYTH Is Currently At Strong SupportAfter a massive sell-off, PYTH is now testing the trendline after a breakour and trading above the daily level, we might get a push down to the Value Area Low, and if that does happen and price reclaims the daily, this is a good sign to continue higher. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
1
Solana Targets $140 Then $116Keeping this Technical Analysis simple. We need to stay above $160 or the $140 demand zone we be more likely for a bounce. IF THE $140 LEVEL FAILS, WE CAN LOOK AT $116 NEXT FOR THE MOST LIQUIDITY FOR A BOUNCE. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
$SOL vs $ETH MCPublishing this to track this chart Is a chart of SOL Market Cap dominance over ETH Market Cap dominance A VERY bullish chart and classic uptrending chart, following supports/resistances, while playing respects to fibs. Right now CRYPTOCAP:SOL is at 17% the market cap of CRYPTOCAP:ETH , expecting this to reach minimum 33% at the 2.618 fib, 50% target after that at the 3.618 fib) Fundamentally, more on-chain activity is happening on CRYPTOCAP:SOL , retails mindshare is on CRYPTOCAP:SOL , 0 fees, instant transactions are the future. A classic case of fundamentals and technicals coming together, typically strong confluence indicator in $crypto. If you have been following me these past couple years, I called CRYPTOCAP:SOL at $8 as the bottom and was accumulating heavy under $20. I believe CRYPTOCAP:SOL reaches minimum $250B market cap this cycle or $500+ as a very conservative target (see my other charts published). gl hf -@CryptoCurb
CRYPTOCAP:SOL.D
by CryptoCurb
SOL looks bearish (6H)From where the red arrow is placed, the SOL correction has started. The correction looks like an ABC and wave B is a diametric. Where the green arrow is placed on the chart, the SOL diametric starts. It seems that we are now in wave F of this diametric. The green range is a strong support range. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
5
SOLUSD: Snapping Back to $210 | 70.70% Probability!BINANCE:SOLUSD has been drawing a lot of attention in the crypto space in the past few days due to its integration with NASDAQ:PYPL Let's have a technical analysis breakdown: BINANCE:SOLUSD According to my Free Probability Indicator , There's a 70.00% chance it could climb back over $210 and beyond, which is pretty much encouraging! If you're thinking about trading LINK, here's what you should consider: Entry: Wait for clear signs that the price is going up again. Once you're confident the trend is changing, consider buying LINK. I'm currently looking at the 8H Equilibrium to get positioned. Exit: To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits. Risk Management: Ensure you're not risking more money than you can afford to lose. Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned. This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
BINANCE:SOLUSDLong
by Fractalyst
1
SOL (SOLANA) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
SOL, Break of the Previous Ceiling or Start of Wave C?Hello dear friends, I hope you are all well. Important note: First, read the previous analysis I shared on Solana, then proceed to this analysis. For several reasons, I see Solana as bearish: 1. Thankfully, the previous wave count analysis was correct (meaning it completed the 5 main Elliott waves and then entered the corrective phase). One thing I realized today is this: In the previous analysis, I did the wave count in the weekly time frame, but I shared the roadmap and type of decline in the 4-hour time frame. When I look at the chart in the weekly time frame, this deep correction is only wave A, and we are now in the structure of wave B. -------------- The higher wave B goes, the less the decline of wave C will be. For example, if the end of wave B is around $183, the decline of wave C will be between $89 and $63. -------------- In the Solana dominance chart (SOL.D), the period from June 7 to June 17 is the most important time area. It is likely that during this period, Solana's dominance will undergo a change. Structurally, I see nothing but a repetitive Elliott cycle. -------------- In the RSI indicator (SOL.D), the main weekly trend has broken, and we are heading towards a pullback decline. If there is any change in the chart structure, the analysis will be updated. If I identify a precise bearish pattern or timing, I will update the analysis. Thank you for taking the time to read. I hope you have profitable trades.
Short
by Sadegh_Sh
12
SOLUSDT TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
Trump, Biden Court Crypto as Election Season Looms Trump, Biden change tone on crypto: Donald Trump has promised to make the US a leader in digital assets during recent campaign events. And President Joe Biden’s aides have responded by reaching out to major players in the crypto market. Ether's price surges to nearly $4k, then pulls back: After the SEC approved eight Ether ETFs last week, analysts expect anticipated inflows to be 15-30% of Bitcoin ETF levels. So far, the price of ether has remained relatively flat since the SEC approved ETH ETFs. Former FTX executive gets jail time: Ryan Salame, the former CEO of FTX Digital Markets, received a seven-and-a-half year prison sentence and significant financial penalties for his involvement in unlawful political contributions and operating an unlicensed money transmitting business. Argentina's securities regulator meet with El Salvador's digital assets commission to discuss strategies for cryptocurrency adoption: Argentina is seeking to leverage El Salvador's experience as the first country to adopt Bitcoin as legal tender. 📚 Topic of the Week: Learning the Basics of Spot BTC ETFs 👉 Read more here
GEMINI:BTCUSD
by Gemini