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Solana

Should You Long SOL on Solana ETF Rumors? A Deep DiveCNBC's Brian Kelly, a crypto investor and "Fast Money" trader, recently ignited a debate by suggesting Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the US. While this news might sound bullish for SOL, the decision to "go long" – meaning buying and holding for a price increase – requires careful consideration. Here's a breakdown of the factors to weigh before diving into SOL based on ETF speculation. Potential Benefits of a Solana ETF • Increased Accessibility: An ETF streamlines the process of investing in SOL. Unlike buying directly on crypto exchanges, which can be intimidating for new investors, an ETF would trade on traditional stock exchanges. This could attract a wider audience and potentially drive up demand for SOL. • Enhanced Liquidity: ETFs generally trade with higher daily volume compared to individual cryptocurrencies on exchanges. This increased liquidity could benefit SOL by making it easier to buy and sell without significant price fluctuations. • Boosted Credibility: SEC approval of a SOL ETF would provide a significant stamp of legitimacy for the project. This could attract institutional investors who are often hesitant to enter the unregulated crypto market. A potential influx of institutional money could significantly boost SOL's price. However, Don't Get Carried Away Yet • Uncertain Approval Timeline: While Kelly's prediction sparked a conversation, it's important to remember it's just speculation. The SEC has not officially confirmed plans for a Solana ETF, and the approval process could take months or even years. • Regulatory Hurdles: Just like with Ethereum ETFs, the SEC might raise concerns about potential market manipulation or the underlying technology of Solana. These hurdles could delay or even derail the approval process. • ETF Structure Matters: The devil is in the details. Not all ETFs are created equal. Some might hold actual SOL, while others might use derivative contracts. The specific structure of the proposed ETF will significantly impact your investment exposure. Alternatives to Consider • Direct SOL Purchase: If you're confident in Solana's long-term potential, buying SOL directly on a crypto exchange could be a viable option. However, ensure you understand the risks associated with managing your own crypto wallet. • Diversified Crypto Funds: Several investment funds offer exposure to a basket of cryptocurrencies, including Solana. This might be a good option for investors seeking broader diversification within the crypto market. Ultimately, the decision to "go long" SOL should be based on your individual investment goals, risk tolerance, and thorough research. Don't base your investment solely on ETF speculation. Analyze Solana's fundamentals, track its development roadmap, and stay updated on regulatory developments. Here are some additional factors to consider: • Solana's Recent Performance: While SOL has experienced significant growth in the past, its price can be volatile. Analyze its historical performance and understand the risks involved. • Competition within the Smart Contract Space: Solana faces stiff competition from established players like Ethereum and emerging projects. Research how Solana is differentiating itself and its long-term competitive advantage. • Your Investment Horizon: Are you looking for a short-term trade or a long-term investment? ETFs might be more suitable for a long-term approach, while direct crypto purchases could offer more flexibility for short-term trading (but with higher risk). Remember, investing in any cryptocurrency is inherently risky. Conduct your own due diligence and never invest more than you can afford to lose.
COINBASE:SOLUSDLong
by bryandowningqln
Solana Technical Analysis: Key Insights and Strategies 📉Current Market Position: Solana (SOL) has been in a parabolic movement but is currently losing momentum. If the weekly candle closes as it is now, there's a potential for breaking the curved trendline. Key Support and Resistance Levels: Critical Support at $100: If Bitcoin continues to drop and the market remains bearish for the next three months, SOL might reach this level. Immediate Support: Set a stop loss below $136. If this support breaks but turns out to be a false breakout, consider re-entering. Buying Strategies: Long-Term Hold: Buy after a breakout and stabilization above $205. Alternatively, wait for a reaction at the $100 support level before making a purchase. Recommendations for Holders: Stop Loss: Activate your stop loss below $136. Re-Entry Strategy: If the support break is false, re-buy SOL. Watch for Bitcoin's Movement: Solana's next significant move might depend on Bitcoin's performance. 👍 If you found this analysis helpful, feel free to like, comment, or share! For more insights, follow #Tradecitypro and #TCP 🚀#sol #solana 🔖 Categories: Technical Analysis, Risk Management, Long-Term Investment 📌 Stay tuned for further updates as the market evolves, and happy trading!
by tradecitypro
11
BONK to 25billion Market Cap 🔨Bonk Token's integration with the Solana blockchain is poised to bring significant traffic and a surge of participants to the Solana ecosystem. This token may create the same effect as Doge and Shiba. Main idea is simple... Bring as much as people from meme space... It's not a bad idea to buy each big correction if you missed the bottom just like many other people./not financal advice/ This token started with 5-10 millons of market cap. and it already exceed the 1billion. it's around 250x. So always be careful with playing such tokens. After correction this may go up to 25-50 billion USD market cap This is just a simple analysis to follow the track not a financal advice...
Long
by MinimumWagerLvl1
71
(SOLUSD) Crypto Market Liquidations Top $330 Million in 24 HoursCrypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline. **Over 78,000 Traders Liquidated for $330 Million** Data from Coinglass reveals that the last 24 hours have been particularly harsh for crypto traders. More than 78,000 traders saw their positions liquidated, resulting in substantial losses totaling $330 million. Of this amount, 81.42%—equivalent to $268.76 million—came from short traders, while long traders accounted for $61.31 million in liquidations. Technically: The price is expected to test the support zone at 169.70 before pushing up again to reach the resistance zone at 192.72. Solana's price is likely to consolidate between 169.70 and 192.72 this week until a breakout occurs. Despite the consolidation, bullish pressure remains, aiming for 192.72 and 202.50. Long-Term Scenarios: Bullish Scenario: A breakout above 202.51 will initiate a new bullish phase, targeting 226.00 as the first bullish milestone. Bearish Scenario: Breaking below the support zone between 169.70 and 159.00 will lead to a drop towards 141.84 and potentially 126.00. Pivot Price: 179.20 Resistance Price: 192.72, 202.51, 226.42 Support Line: 169.70, 158.50, 142.50 The Movement range will be between Resistance 19272 and Support 169.70
COINBASE:SOLUSDLong
by SroshMayi
3
SOL Solana Invest Or Trade - Technical Analysis and Trade IdeaIn this video we cover two SOL (Solana) options, an entry point if you are looking to dollar cost average in as an investor, and a scalping and or intraday trade idea if you are looking to trade this. As always the video covers my trade entry points my opinion in terms of the trend, market structure and price action, and as always this information is educational in nature and not to be construed as financial advice.
Long
by fxtraderanthony
Solana (SOL) Breakout Signals Major Upside PotentialSolana (SOL) has emerged as a formidable player in the cryptocurrency space, boasting superior transaction speed, low fees, and remarkable scalability. These attributes position Solana as a leading candidate for substantial growth, setting it apart from other similar coins. Technical Analysis: The daily chart of Solana reveals a significant bullish development. On May 15, 2024, Solana experienced a breakout from a consolidation box, a move confirmed by the FCT (Box Breakout) indicator. This breakout is a robust signal of increased buying pressure and potential for further gains. Additionally, Solana is trading comfortably above both the 24-day and 150-day moving averages, underscoring the prevailing bullish trend. Key Technical Indicators: Breakout Date: May 15, 2024 Indicators Used: FCT (Box Breakout), 24-day Moving Average, 150-day Moving Average Current Price Level: Above 24-day and 150-day moving averages Trend: Strong bullish momentum Price Target: Given the current technical setup and market sentiment, we anticipate Solana's price to reach the $250 to $275 range per coin in the near term. This target is derived from the measured move of the breakout and the strong underlying fundamentals supporting Solana. Investment Thesis: Transaction Speed and Scalability: Solana can process up to 65,000 transactions per second (TPS), far exceeding the capabilities of many other blockchain platforms, including Ethereum. This speed, coupled with low transaction fees, makes Solana an attractive option for developers and users alike. Innovative Technology: Solana’s unique Proof of History (PoH) mechanism, which works in conjunction with Proof of Stake (PoS), enhances its scalability and efficiency. This technological edge provides a strong foundation for long-term growth. Ecosystem Growth: Solana’s ecosystem is rapidly expanding, with an increasing number of decentralized applications (dApps) and projects being built on its platform. This growth fosters network effects and adds intrinsic value to the SOL token. Institutional Interest: Solana has been attracting significant institutional interest, further validating its potential and providing additional liquidity and stability to the market. Recent Developments: Breakout Confirmation: The breakout from the consolidation box on May 15, 2024, marks a critical turning point. The FCT indicator's confirmation adds credibility to this move, suggesting sustained upward momentum. Moving Averages: Trading above the 24-day and 150-day moving averages highlights strong buying interest and investor confidence in Solana’s long-term prospects. Price Projections and Risk Management: Short-Term Target: $250 - $275 per coin Support Levels: Initial support around $180 (previous resistance turned support) Risk Management: Investors should consider placing stop-loss orders below the $180 support level to manage potential downside risk. Chart Analysis: The chart illustrates Solana’s breakout and current trading levels above key moving averages. The annotated chart also highlights the consolidation box and the breakout point, providing a visual representation of the bullish setup. Conclusion: Solana’s combination of innovative technology, rapid ecosystem growth, and strong technical indicators make it a compelling investment opportunity. The recent bullish breakout and sustained trend above critical moving averages point to further upside potential. Investors looking to capitalize on this opportunity should consider Solana for their portfolios, targeting the $250 to $275 range per coin. Stay tuned for further updates and happy trading! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.
Long
by fardycurry
Solana at a Pivotal AreaWith respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete with alternating 2's and 4's. Granted this does not preclude price from subdividing in a manner that extends the previous trend, but in those cases, we should see clear evidence of such. As of this morning, CLEAR, would not be a word I would use to describe the current pattern. C-wave is, however the label I would so far characterise as this current pattern. However, if price can rally into the $194 area, and hold the $179 area on any retrace, and then rally for OMH towards the recent highs I can become open to price moving higher. In lieu of that sort of price action playing out I await clues that price is completing it's minor B wave.
BINANCE:SOLUSD
by maikisch
3
SOLUSDT Anticipated Return to Previous All-Time Highs Imminent!!After a sustained period of growth followed by a healthy retracement,SOLUSDT is gearing up for a significant upward movement. Market indicators suggest that the cryptocurrency has undergone a necessary correction, setting the stage for a resurgence towards its previous all-time highs. With investor sentiment buoyant and technical analyses signaling bullish momentum, SOLUSDT appears poised to reclaim its former glory and potentially surpass previous ATH levels. SOLUSDT (1D Chart) Technical analysis SOLUSDT (1D Chart) Currently trading at $137 Buy level: Above $132 Stop loss: Below $105 TP1: $150 TP2: $175 TP3: $210 TP4: $260 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Solana Surges in Profitability, Outpacing Ethereum for the FirstIn a significant development for the cryptocurrency landscape, Solana (SOL) has emerged as a more economically profitable blockchain than Ethereum (ETH) for the first time ever. This news comes amidst a strong year for SOL, which has significantly outperformed Ethereum in terms of price gains as well. Solana's Profitability Milestone On-chain analyst Leon Waidmann reported this milestone, highlighting a chart that depicts the total economic value (TEV) of both Solana and Ethereum over a specific period. TEV considers transaction fees and Maximum Extractable Value (MEV) to determine the overall economic profitability of a blockchain. This suggests that Solana's network activity is currently generating more economic value for its validators compared to Ethereum. This newfound profitability is likely due to Solana's key advantage: its blazing-fast transaction speeds and significantly lower fees compared to Ethereum. These factors have attracted a surge in user activity on the Solana blockchain, leading to a rise in transaction fees and MEV. Ethereum's Challenges Ethereum, the dominant smart contract platform, has been plagued by scalability issues for some time. The network often experiences congestion, resulting in high gas fees that can deter users and developers. While Ethereum is undergoing upgrades to address these issues, the process is ongoing. Solana's Price Performance Solana's economic momentum translates well to its price performance in 2024. SOL has significantly outpaced Ethereum in terms of returns year-to-date. As of May 20, 2024, Ethereum has delivered a respectable 31.5% return for investors. However, Solana has surged by an impressive 61.5%, currently trading comfortably above the $160 support level. This price surge reflects growing investor confidence in Solana's potential. The faster transaction speeds and lower fees make Solana a more attractive platform for developers to build decentralized applications (dApps) upon. Additionally, the increasing adoption of DeFi (decentralized finance) protocols on Solana further fuels its growth. Looking Ahead Solana's newfound profitability and strong price performance mark a significant development in the ongoing competition within the blockchain space. While Ethereum remains the industry leader in terms of market capitalization and established dApps, Solana poses a serious challenge with its superior scalability and lower costs. The coming months will be crucial in determining the long-term trajectory of both platforms. Ethereum's success hinges on the successful implementation of its planned upgrades. Conversely, Solana will need to maintain its network stability and attract a wider range of high-quality dApps to solidify its position. Investor Considerations The recent developments highlight the importance of considering both economic factors and price performance when evaluating cryptocurrencies. While Ethereum boasts a larger ecosystem, Solana's recent surge in profitability suggests it could be a more lucrative investment for validators. Investors with a long-term perspective should consider the potential of each platform to overcome its current challenges. Ethereum's established network may prove more resilient in the long run, while Solana's faster and cheaper transactions could attract a broader user base. Ultimately, diversification across these leading blockchains might be a prudent strategy for investors seeking exposure to the ever-evolving cryptocurrency landscape.
COINBASE:SOLUSDLong
by bryandowningqln
2
SOLUSDT / SOLANA USD SPOT Money Heist Plan My Dear Robbers / Traders, This is our master plan to Heist SOLUSDT based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
by Thief_Trader
Solana heatiing up...You don't wanna miss the next leg up in cryptocurrencies, and specially not in Solana, which seems likely to outperform Bitcoin (and Ethereum) once again. I've decided to optimize my crypto holdings to try and farm as many airdrops as possible, as efficiently as possible, but it's vital to not overlook returns of the assets we hold (liquid assets). Many people are trying to get rich trading memes, which honestly is a far better lottery than buying lotto tickets, but still a rather hard to win game. Solana benefits from this, being the most easily accessible, easy to use and cheap to trade in and launch new memes on. This translates into more fees, and demand for SOL tokens. Check my previous SOL posts, this one has been one of the best trades in crypto, all things considered and I spotted it early on if you were paying attention or already a client of mine. Hope everyone is having a nice weekend! Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
3
Solana Price Spikes With Analyst Sighting $200 As Next PivotSolana's price surge to $173 has sparked optimism among investors, with experts hinting at a potential rise to $200. The surge is driven by positive sentiment and upcoming upgrades, such as the Frankendancer upgrade. Syncracy Capital's co-founder Daniel Cheung expressed confidence in Solana's strength, highlighting its potential to reclaim $200. He also highlighted the potential for Solana ( CRYPTOCAP:SOL ) to reach $200 by the end of the month, a significant reversal in the monthly timeframe and readiness for new highs. As anticipation builds, Solana ( CRYPTOCAP:SOL ) remains a key focal point in the cryptocurrency market, with prominent players in the digital asset space attracted for its potential to reach new highs. BitMEX co-founder Arthur Hayes shared the Solana ( CRYPTOCAP:SOL ) price chart and advocated for accumulating the crypto in a blog post from early May. As of writing, Solana's price soared 3.01% to hit $173.25, after reaching a 24-hour high of $174.16. Despite the rally, its trading volume fell 25% to $2.71 billion, and the Solana Futures Open Interest soared 4.91% to $2.32 billion, suggesting a bullish sentiment in the market. The asset has a Relative Strength Index (RSI) of 63.97 which is moderately overbought.
COINBASE:SOLUSDLong
by DEXWireNews
$WEN on $SOL. Possible bottomAppears NASDAQ:WEN may have double bottomed at the .786 retrace of the entire 1-5 wave count. Accumulating between .00015-.0002 This is an accumulate and HODL. Spot only. Small size, this type of token should only be purchased with funds you are absolutely willing to lose a large % of. This is key. It will make it it a lot easier to HODL no matter what. The goal is to hodl until it pumps, period. Will update upon pump small size, spot, patience 😉 goodluck
Long
by SolanaTradez
Price and time analysis of Solana, Structure of Wave BHello dear friends, I hope you're doing well. As you can see, Wave A has completed, and we're now inside Wave B. The structure of Wave B closely resembles Wave 4, with the difference being a throw-over. Typically, it moves within a pattern like a triangle or a sideways range. In this wave, the likelihood of a fake breakout is high. Essentially, it's a wave of deception. I hope you find this beneficial. ---------------- (As you can see, in Wave 4, the price moves within a triangle or sideway.) ---------------- Time analysis: March 30th is a very important day. The period until April 13th is likely to be the last bearish days for Solana. I take a short position from 190$ area. My final target is 120~110. I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
Short
by Sadegh_Sh
59
Long SolanaTraders, As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie. Here's my case for going long Solana here to $300. #1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue. #2 - Bitcoin will not be held down. And as it pertains to our Solana chart: #3 - Solana has hit .618 fib fan retracement #4 - Double bottom held. #5 - Back above the 100 day SMA #6 - RSI downtrend broke #7 - Green RSI support held #8 - Hidden Bullish Divergence on RSI #9 - Awesome Oscillator on the rise! My target will be 2x the current price (so, $300) for a rrr of 3.25. This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown.
COINBASE:SOLUSDLong
by stewdamus
2