$WOLF on SolanaA simple chart layout of $WOLFS on MEXC
$ WOLF on Solana. Although this is a newer token I still believe that it has much more room to grow. The potential stems from the boy's club narrative, if you're not familiar with it already, it entails the characters designed by Matt Furie. There's Pepe who had an amazing launch and quickly became the new rising star in the meme coin space due to the already-known meme culture that surrounds him; but there's also Brett, Andy, & Landwolf. When Brett was launched on base, it had a similar explosion to Pepe and almost grew just as rapidly to a $1 Billion market cap. Since no other Landwolf coin has reached this fate yet, it very may be time that one does. I feel like this WOLF token is lightyears ahead of the rest and expect it to flip them very soon.
Solana
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.
SOL aint looking that goodYes, the market structure isn't really broken and it hasn't lost any major support
Yes, it can go higher, a lot higher,
and yes it's been one of the best performers of this cycle .
Which makes it rather risky to short it. But it doesn't change the fact that it:
- Failed to beat critical levels
- By being one of the best performers, retail is loving it.
- Everyone is too comfy in longs.
The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000.
For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL.
SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough.
From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated.
With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis
Description
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+ SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend.
+ The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve
+ The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in.
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VectorAlgo Trade Details
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Entry Price: 142
Stop Loss: 112
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Target 1: 172
Target 2: 200
Target 3: 251
Target 4: 400
Target 5: 700
Target 6: 900
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
(SOL) solanaHere is the first chance to truly see what Solana is made of-. This random SAR indicator idea I made creates a long line that extends itself indefinitely. Currently there is one purple dot atop the Solana candle price August 4th 2024 due to a bottomed out price that broke the long running underlining "bullish," sentiment line, if you want to call it that.
SOL: Oversold TerritoryThe market sentiment for SOL is currently bearish, with technical indicators suggesting caution due to potential downside risks.
Key Factors Influencing SOL Price
MACD: The MACD is bearish, with the histogram at -0.93, MACD line at -9.31, and signal line at -8.38, indicating strong bearish momentum.
Stochastic Oscillator: With %K at 3.34 and %D at 6.16, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound.
RSI: The RSI at 25.69 indicates that SOL is in oversold territory, which could signal a potential reversal or consolidation.
Price Trends and Resistance Levels:
Local Resistance: Found at $151.45, a key level to watch for a potential breakout.
Solid Resistance: Found at $171.21, which, if breached, could signal a strong upward trend.
Local Support: Found at $135.05, which could act as a support level in case of a pullback.
Dynamic Resistance: Aligns with the upper trendline, providing additional resistance around $151.45.
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $151.45 could lead to further upward movement, potentially targeting the solid resistance at $171.21. This move would likely confirm bullish momentum and attract more buyers.
Bearish Scenario:
If SOL fails to break above the local resistance, it could retest the support levels at $135.05 and potentially fall to the solid support level at $121.00. A break below $121.00 could signal further declines, with dynamic support suggesting lower targets.
Conclusion and Market Outlook
SOL is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
$SOL price may draw something like thisMid term #solana #sol chart looks bearish. #solusd couldn't breakout the distribution zone, made bearish three top and the structure weakened with latest dumps. In lower time frame, CRYPTOCAP:SOL price may have some bounces, but this probable bounce will likely act as a bull trap. Thus, #solusdt needs major corrections. The red boxes are supports zones. Not financial advice. Good luck!
SOL/USDT 4H Bearish Momentum-Oversold Conditions - What’s Next?The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22.
Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs.
Resistance Levels:
Immediate resistance at around $160, where the price recently faced rejection.
Stronger resistance at around $180, the recent high before the downtrend began.
Support Levels:
Immediate support is observed at around $140.
Further support at $120 and $100 if the price continues to decline.
RSI:
Current RSI Value: The RSI is at 26.64, indicating that the asset is in oversold territory.
Historical RSI Movements: The RSI has dipped below 30 multiple times, suggesting periods of oversold conditions that could lead to a potential reversal or consolidation.
Patterns and Indicators
A potential bearish flag pattern can be identified, suggesting a continuation of the downtrend if the support at $140 is broken.
Bottom Line:
The SOL/USDT 4H indicates a strong bearish trend with the price consistently making lower highs and lower lows. The RSI suggests that the asset is currently oversold, which could indicate a potential for a short-term bounce or consolidation. the bearish flag pattern and the overall trend suggest caution, as further declines are possible if the support at $140 is broken. Traders should watch for confirmation of a reversal or a break of support before making any trading decisions.
BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0.
We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns.
1) FLOW
2) RNDR
3) SOLANA
4) LINK
5) ETH
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I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Strong possibility of an upward movementSolana is in the $142 to $146 range, recognized as an important support level. This range acts as a key point to prevent further price declines and initiate an upward movement.
Upward Potential:
If the price is supported and stabilized in the $142 to $146 range, there is a strong possibility of an upward movement. The price targets for this upward movement are in the $160 to $170 range.
Solana: SlumpedSOL retreated quite a bit last week. However, our primary scenario remains unaffected by this development. We continue to see the price in the final stage of the blue wave (i), in the context of which we expect a rise well above the resistance at $210.03. However, we must also keep an eye on our 25% likely alternative scenario, which will be activated by a slide below the $118.89 support level. This option sees the coin already in the blue wave alt.(ii) and would ensure a sell-off into our blue Target Zone (between $109 and $51.20).
Solana Breaks Inverse H&S Neckline & Clears TriangleTraders,
Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$.
We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana.
We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood.
Best,
Stew
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT
From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
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Jupiter - Bulls dominating!Jupiter broke the downtrend line initiated on April 1, making a bullish divergence in the RSI on the daily time frame and piercing the MAs with some bullish strength.
Jupiter has immense potential, and I believe in US$ 1.30 in the short term, and US$ 1.80+ in the medium term, I will update the analysis over time.