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Solana

Solana, the best and the worse casesToward November 2023 #Solana exploded from ~$20 all the way to ~$210 in March 2024 Using simple Fib #retracement we should have come back to about $115 ... and we did, on August 2024 So we are now in a bullish descending triangle. Best case : Green line, we keep going up over the next 2 or 3 weeks and break out past $170 in the middle of next month. There is a strong area of #resistance around $165 so breaking past that would be quite #bullish. Likely case : Blue line, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down to the support around $130 and we then go back up to eventually breakout sometimes next year. Worse case : Red line, again, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down ... but we break past $130 and we go back down to $120, (0.5 fib retracement). Plan Enter: Now SL: $129 Target: anything past $500 (remember this is weekly chart, not 5 minutes) Look out for trend reversal around $162 ... and close your trade if we break trend as it would be the likely case. Note that FTX will be refunding some/all of the holders toward the beginning of October, but they will be refunded in US Dollar, so they are very likely to use their money to buy back Crypto, (they were traders afterall and they are well aware of the upcoming bull market).
Long
by crypthal
Solana Meme Coins tonight! Tyson vs Paul! MAKE MONEYHey fellow crypto enthusiasts, Tonight is gearing up to be an event that everyone on social media is talking about: Mike Tyson vs. Jake Paul. Love them or hate them, this fight is capturing global attention, and I believe it's a massive opportunity in tonight's meme coin narrative. Why is this a big deal for meme coins? In the world of crypto, especially with meme coins, timing and relevance are everything. Major events like this fight create a surge in online activity and discussions, which can be leveraged to launch tokens that capitalize on the hype. Here's what I'm anticipating: I expect a plethora of new coins to be launched around this narrative. The key to spotting the next moonshot, in my opinion, lies in finding the one that's both the fastest to market and the most "accurate" in capturing the moment. What do I mean by "accurate"? Imagine this scenario: The moment Mike knocks out Jake (or the other way around), someone clips that exact moment and shares it across social media. They've already set up a token website and, with the clip in hand, they quickly update it to reflect the event. They launch a token aptly named something like "Sleepy Jake" or "Sleepy Mike". By connecting the socials and launching on platforms like pump.fun, they tap into the immediate buzz. This token could gain massive traction because it encapsulates a viral moment. People love to be part of something trending, and a coin that represents that exact instance has a higher chance of going viral. What about other tokens? Undoubtedly, there will be numerous other tokens launched during and after the fight. Some might see significant volume purely due to the general hype. However, the ones that might truly take off are those that: Capture the exact moment: Timing their launch to coincide with pivotal moments in the fight. Engage with the community: Active promotion on social media platforms to create a buzz. Offer something unique: Whether it's a clever name, a catchy logo, or a funny meme, uniqueness can set a token apart. What am I doing tonight? I'll be on the lookout for tokens that: Launch immediately after a significant event in the fight. Have a strong social media presence. Show signs of organic growth and community engagement. What are your plays tonight? Are you planning to dive into this potential wave of new tokens? Do you have strategies for identifying promising projects amid the flurry of launches?
Long
by qrDanielqr
ADA Surges Amid Rumors of Hoskinson-Trump PartnershipIn his latest YouTube live stream, Charles Hoskinson, the founder of Cardano, announced plans to establish an office dedicated to engaging with government authorities, strengthening Cardano’s strategic position in the global regulatory landscape. This initiative underscores Cardano's commitment to aligning with market trends and regulatory requirements, positioning the ecosystem for greater institutional adoption. Hoskinson revealed that his team is in contact with key political and regulatory figures, indicating that Cardano is strategically poised to benefit from regulatory advancements and new opportunities in the global cryptocurrency market. This move aims to ensure that the blockchain remains not only competitive but also a leader in compliance and innovation. With this enhanced focus on regulation and the network's ongoing technological advancements, such as the growth of its DeFi ecosystem and increasing interoperability, ADA has a realistic potential to reach $8 in the near future. Analysts highlight that, supported by Cardano’s solid fundamentals and strong community backing, the project is well-positioned for substantial growth, especially in a more defined regulatory environment. This new phase cements Cardano as one of the top contenders in the crypto market, offering significant opportunities for investors looking to capitalize on its upward trajectory. BINANCE:SOLUSDT COINBASE:BTCUSD BINANCE:BTCUSD
Long
by SophiaAnderson
1
Solana’s uptrend strengthens, but investors’ moves raise doubtsSolana (SOL) price has seen a remarkable 40% surge in recent weeks, climbing to $210. Despite this bullish uptrend, SOL is encountering challenges at the $221 resistance level, which could signal a potential reversal.  Investor activity on the Solana network suggests the momentum might face hurdles in sustaining further gains.   Transaction activity on the Solana network has increased significantly during the recent price rally. The network recently hit a yearly high in transaction count, highlighting growing interest among participants. However, this increase falls short of expectations, given the current hype surrounding Solana ETFs and broader market bullishness.   This moderate network activity raises concerns about the sustainability of the rally. If Solana fails to attract more significant user engagement, its price momentum might falter, especially as broader market cues begin to stabilize.   Solana’s macro momentum remains strong, supported by technical indicators. The Average Directional Index (ADX) is at 32, well above the 25.0 threshold, confirming a strong uptrend.  Solana is currently trading at $210, holding steady above its support level of $201. Despite the recent rally, the “Ethereum killer” is struggling to break past the $221 resistance level, which remains a significant barrier to reaching $245.   The mixed sentiment indicates that SOL may consolidate between $201 and $221 until a clearer directional trend emerges. This range-bound movement could dominate the short-term outlook unless broader market conditions shift dramatically.   However, if investors opt for profit-taking, Solana could see a decline below the $201 support level. Such a drawdown would invalidate the current bullish-neutral outlook, potentially sending SOL to $186, marking a significant setback for the altcoin’s rally.  
by paul_endeo
Solana (SOL) - Crucial Key LevelsExpect a short term pullpack for Solana due to Bitcoin dominance in the market. SOl will hold major support around: $174. In addition, the price action will range between= $189 - $203 will likely see a consildation. However, if a weekly candle closes above: $215 by Monday 12AM; Solana could create momentum to push a correction to the upside. Allow the price to head for a target of "$247" EST. Long term Solana still remains bullish and positive, SOL has also had a daily candle close above a major previous Resistance level dating back since 2021 bull run cycle. ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Short
by Bitcoin_Benny
Solana Breaks Revenue RecordsIn the latest crypto market moves, Solana ( CRYPTOCAP:SOL ) has shown impressive performance, setting a new record in daily revenue and solidifying its position as a major contender in the blockchain ecosystem. Its daily revenue hit a remarkable $3.8 million, with users paying over $7.6 million in transaction fees, bringing the platform’s all-time fees to a substantial $521.54 million. This achievement not only demonstrates Solana’s scalability and rising adoption but also reinforces its appeal to both developers and users as an efficient, high-performance network. As Ethereum, a long-standing blockchain leader, recorded $16.45 million in earnings, Solana's recent growth brings it closer to Ethereum's dominance. Fundamental Analysis Fundamentally, Solana’s growth trajectory is fueled by its rapid transaction speeds and cost-effective structure, which has made it one of the most attractive platforms for decentralized applications (dApps), gaming, and decentralized finance (DeFi) protocols. Unlike Ethereum, which faces congestion and high gas fees during peak usage, Solana can handle up to 65,000 transactions per second, all at minimal costs. This efficiency is a primary reason why transaction fees on Solana have skyrocketed to $7.6 million per day, reflecting growing adoption and user reliance on its network. The consistent revenue generated by Solana underscores the platform's viability as a sustainable blockchain model. Its growth could also be attributed to various improvements and upgrades, including increased security and enhanced interoperability with other blockchains. As the platform matures, it’s not surprising that Solana's overall market outlook has garnered a positive sentiment from the community and investors alike. Technical Analysis From a technical perspective, Solana’s recent performance has been noteworthy. At the time of writing, CRYPTOCAP:SOL is trading up by 0.67%, holding firmly above the psychological $200 level, a threshold that has strengthened its market position. The Relative Strength Index (RSI) currently stands at 70, signaling an overbought condition, yet this does not deter CRYPTOCAP:SOL ’s upward momentum. Since breaking out of an enclosed rectangular pattern—a sign of consolidation—Solana has maintained a solid support base at $200, suggesting investor confidence and reinforcing bullish sentiment. The chart shows a strong uptrend, and given the sustained momentum, Solana is positioned to potentially reach the $500 mark in the medium term. While this target may appear ambitious, Solana’s continued revenue growth, high adoption rate, and technical resilience provide it with a robust foundation. Key indicators, including moving averages, support levels, and volume, show favorable signals, with minimal resistance levels anticipated until the $250 mark. Conclusion With a record-breaking revenue stream and a resilient technical setup, Solana is establishing itself as a leading force in the blockchain sector. Its ability to outpace Ethereum in certain performance aspects underscores the increasing demand for scalable and efficient blockchain solutions. For investors, Solana’s combination of strong fundamentals and technical promise make it an attractive buy, with $500 as a plausible price target in the near future.
COINBASE:SOLUSD
by DEXWireNews
Is SUI the chosen Blockchain of the Banana ZoneThere is a well-defined inverse head and shoulders pattern forming on the CRYPTOCAP:SUI to CRYPTOCAP:SOL USD ratio chart. The neckline sits at 0.16, a level we recently touched and then pulled back from, marking it as a significant barrier to overcome. Our linear target is set at 0.0282, indicating a notable potential increase of +83% on the ratio. Looking further ahead, the logarithmic projection reaches up to 0.064. At that stage, we can imagine our friend Raoul Pal celebrating in triumph.
COINBASE:SUIUSDLong
by BallaJi
2
Solana (SOL) - Bullish Breakout!!!Solana has created a bullish flag pattern on the chart. This bullish flag pattern indicates that a breakout is imminent. My analysis identifies a key price target of the first at $308. The chart shown indicates a bullish flag pattern, which is a technical signal suggesting that an uptrend will continue after a period of consolidation. The flagpole represents a prior rapid price increase, while in the meantime a slight pullback is expected leading us in the horizontal consolidation phase. During this phase a brief pause with multiple attempts to break the ATH major resistance before the next upward movement creating a new All-Time High. 🟢Support= $174 🔴Major Key Resistance= $259 🌟Target= $308🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Long
by Bitcoin_Benny
WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently. 🔸Strong gains previously in September/Octber, right now re-accumulation in progress so expecting more gains in this market in November 2024. 🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:WIFUSDLong
by ProjectSyndicate
9
Solana SOL - Game Is Almost OverHello, Skyrexians! Today it's time for BINANCE:SOLUSDT - the best and the most hated asset in the crypto market in 2024. The reason of the huge rally, while other altcoins are dumping is the lack of holders. Anyway, every growth will be finished at any moment and now it looks like Solana is about to show us the final pump before the new bear market. Let's take a look at the weekly time frame. Bull market has been started in 2023 with the wave 1. After that price formed flat correction in wave 2 and there impulsive wave 3 reached $200. You can see our new indicator Fractal Trend Detector showing when the massive wave 3 has been started. Green candles means the uptrend. When you see the green dynamic support zone under the price, it means that strong bull market is in progress. Wave 3 has been supported by this zone. After that price showed corrective wave C which reached exactly 0.5 Fibonacci retracement, like Bitcoin did. Now the price is in wave 5. Candles are green and the green zone has been printed already under the last candle. It means that this uptrend is not local, this is the impulsive wave 5. This wave has the wide target zone between $243 and $330. Inside this zone we have to be careful and wait for the divergence with Awesome Oscillator and bearish reversal bar to not miss the reversal. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
6
Can Moo Deng ($MOODENG) Hit $1?Meet Moo Deng, the pygmy hippo that took the internet by storm. Residing at Thailand’s Khao Kheow Open Zoo, Moo Deng gained global fame for her chubby charm and energetic playfulness, becoming a viral sensation in 2024. Her legacy has now extended to the Solana blockchain, where she lives on as a cryptocurrency icon under the ticker MOODENG, providing fans and investors alike with a unique way to engage with her story. Where to Buy Moo Deng (MOODENG) For those interested in joining the Moo Deng community, MOODENG tokens are available on several centralized exchanges, including LBank, which leads trading activity with a 24-hour trading volume of over $21 million. Additional trading options are available on Bitget and Gate.io, offering users flexibility and accessibility. Technical Analysis Moo Deng’s price has seen notable volatility and opportunity, characteristic of many meme-inspired tokens. Currently, MOODENG is trading around $0.3128, a 17% decline from recent highs, positioning it within a bearish reversal channel. This technical setup suggests a potential dip towards $0.18, a critical support level and former resistance point from November 18. This support level could serve as a key buy zone for investors looking to capitalize on a price reversal. Furthermore, $MOODENG’s price has recently completed a falling wedge pattern, a formation often signaling an eventual price recovery. Despite the near-term bearish sentiment, the token is trading along key moving averages, indicating resilience amidst market fluctuations. Why Moo Deng Holds Market Promise While meme tokens are known for rapid price fluctuations, $MOODENG’s performance over the past week highlights its market potential. Recording a 101.8% price increase in the last 7 days, it has outperformed the global cryptocurrency market, which rose 14.6%, and even surpassed the performance of similar meme tokens up 73.4%. The robust trading volume, which reached $135 million in the last 24 hours, underscores strong investor interest in $MOODENG, with a live market cap of approximately $309 million ranking it #225 on CoinMarketCap. Beyond trading volumes, Moo Deng’s fundamental appeal ties into the broader market environment. As the crypto world anticipates Elon Musk’s "DOGE agenda" and potential political influences like Donald Trump’s public support for digital assets, meme coins are regaining attention. Additionally, the upcoming Consumer Price Index (CPI) data release adds another layer of potential market movement, as inflation data could drive overall market momentum. The Path Ahead for $MOODENG Despite short-term headwinds, Moo Deng’s potential for reaching $1 remains feasible given market sentiment and the popularity of the meme token segment. For investors tracking both the technical patterns and broader market fundamentals, $MOODENG presents a compelling case, particularly if it respects the critical support level at $0.18. As crypto interest accelerates, Moo Deng may continue her rise, both as a beloved internet figure and a promising digital asset.
MLong
by DEXWireNews
Is a SOL Solana Pullback and Buy Opportunity on the Horizon?👀👉 SOL has recently demonstrated strong bullish momentum, but could it be reaching an overextended zone? This chart highlights a potential pullback at a key support level, which may offer an ideal entry opportunity. I’m watching this area closely for a possible buy setup that meets the essential criteria covered in the video. In this analysis, we’ll explore key price action signals and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊
by fxtraderanthony
3