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SOLANA ($SOL) – ROARING REVENUE & FIREDANCER POTENTIALSOLANA ( CRYPTOCAP:SOL ) – ROARING REVENUE & FIREDANCER POTENTIAL (1/7) Ecosystem Revenue: Solana’s Q4 2024 app revenue surged +213% to $840M (vs. $268M in Q3), largely driven by meme coin mania. Network revenue reached new highs—$517M in app revenue & $552M in real economic value in January alone! Let’s dig in. 🚀 (2/7) – ONCHAIN ACTIVITY • DEX Volume in Jan: $339B • Stablecoin supply: $11.4B • TVL: $8.6B—all-time highs • 18 Firedancer validators deployed in Q4, boosting transaction capacity (3/7) – SECTOR SNAPSHOT • Market cap: ~$88.6B (late Dec 2024) • SOL token trades around $200–$300 per recent posts • Some speculate SOL could hit $500–$1,000—strong fundamentals + revenue growth might point to undervaluation vs. Ethereum ⚖️ (4/7) – COMPETITIVE EDGE • Outperforms many L1 peers in transaction volume, speed, and revenue • Handles more transactions than all other chains combined (per X posts) • DEX volume +150% to $3.3B daily in Q4—low fees & high throughput = user magnet 🕹️ (5/7) – RISK FACTORS • Market Volatility: Crypto’s rollercoaster can swing SOL prices wildly • Regulatory: US policy changes, token classification → potential headwinds • Competition: Ethereum scaling (rollups) & new L1s (Aptos, Sui) loom • Technical Risks: Firedancer delays or issues = potential network reliability concerns (6/7) – SWOT HIGHLIGHTS Strengths: High TPS + low fees → leading L1 contender Robust ecosystem growth (TVL, DEX, stablecoins) Strong revenue: $840M Q4 app rev, $517M in Jan alone Weaknesses: Heavy reliance on meme coin activity for recent revenue Centralization worries due to validator concentration Opportunities: Solana ETF approval → institutional inflows 🌐 Firedancer aiming for 1M TPS, tech superiority Expansion into DePIN, PayFi → new revenue streams Threats: US regulatory clampdowns Ethereum’s scaling solutions & emerging L1 competition Meme coin hype dying down, revenue from speculation dips (7/7) – Is Solana undervalued or overhyped? 1️⃣ Bullish—Firedancer + revenue surge = unstoppable 🚀 2️⃣ Neutral—Impressive growth, but watch the meme factor 🤔 3️⃣ Bearish—Competition, centralization concerns… pass 🐻 Vote below! 🗳️👇
BINANCE:SOLUSDLong
by DCAChampion
1
SOLANA outlook The Week Ahead 17th Feb 25SOLANA price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 175.00 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 175.00 level could target the upside resistance at 221.20 (20 Day Moving Average) followed by the 242.80 and 260.60 levels over the longer timeframe. Alternatively, a confirmed loss of the 175.00 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 155.50 support level followed by 136.99. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:SOLANA
by TradeNation
SOL emerging head & shoulder providing opportunitiesBYBIT:SOLUSDT has an emerging H&S structure that is providing opportunities described below, which can be utilised based on risk appetite and preference for a swing trade or investment. Note: The overall chart structure at the moment is highly complex and pattern failure risks, such as that experienced with BYBIT:XRPUSDT remains very high. Scenario An H&S structure has emerged since 23 Dec 2024. Neckline support has been confirmed 3 times around: 11 Jan, 07 Feb and 12 Feb. The price is still close to the neckline providing opportunity for entry into trades and/or investment. DCA entry into a longer term investment - recommended approach Allocate a percentage of your portfolio's available fund to this as an asset to hold, decide upon how many months or weeks you would like to DCA into the total position (I recommend no less that 3 months and no more than 6) and begin DCA. This approach will safeguard against mistiming the start of the DCA now before the beginning of a bearish cycle, finally ending at an as yet unknown lower support level (of 4 potential candidate price levels stated further down the text below). The case for beginning the investment approach now The project remains solid and has established itself as a competitor to ETH. Furthermore, it is the layer 1 of choice for memecoins and has had more new projects use it that ETH recently. Additionally, overall positive market sentiment remains as do utterance (although no formal new policies of note) of the Trump administration and financial institutions towards crypto. Finally, the large gyrations in price recently are making it more difficult to judge appropriate SL levels thereby making trading of any kind less attractive at the moment. The case against beginning the investment approach now The future of the project, like most projects is still unknown (crypto is the most volatile and riskiest of assets for a reason!). Although the industry is maturing, it is possible a newer project can come and usurp the place of SOL. There are further support levels (130, 90, 55, 20) that can provide better DCA entry levels, and as market sentiment can change on an utterance of Musk or Trump, patience for a better entry point caused by further bearish moves might be wiser, particularly as on the weekly chart, SOL appears to be printing it's 2nd consecutive doji - implying market indecisiveness and no clear indication that the bulls are about to become incharge again. SOL has also double topped (mid Nov 24 and mid Jan 25), near the ATH (250), indicating either upcoming bearish sentiment or another uncertain attempt at breaking the ATH. Swing trade Entry: 200 TP:280 - near the absolute top of the head SL: 160 - past the dragonfly candle of 13 Jan (this candle has the risk of indicating a new support leval and all traders must be wary of the 160-150 level as that was the support level in mid Oct 24 Additionally, 170 is also near the 200 EMA and crypto daily price gyrations are sometimes very large; therefore a daily low of a dragonfly and a EMA has the potential of being a support level that should be accounted for when setting a SL ) R/R: 1:2 The case for the swing trade The rate of change indicated is trending upwards. The neckline has proven to be a support level and has been validated 3 times. The against a swing trade Other technical indicators like the RSI (middling with little upwards trend) and MACD (likewise) do not provide strong positive support for the trade thesis. Having found support at the 200 EMA and broken out of the downward trend since 20 Jan, there is a possibility that the price will just range between the 50 EMA and 200 EMA (approx. 210 and 180) unless there is further external, fundamental cause for upwards momentum. Previous momentum was driven largely by the optimistic market sentiment for crypto following on from Trump's election win. Finally, a R:R of 1:2 is generally not considered worthy of such a speculative trade. Note: There is very little justification for a margin trade at the moment - the dragonfly candle on 03 Feb carries too much risk and invalidates a margin trade theses' risk/reward ratios. Margin trading this pair is best left to when a pattern emerges that is not part of a structure that includes the 03 Feb candlestick.
Long
by slip_stream
Mirror, Mirror, on the Wall; Who’s the Fastest of Them All?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🪞 "Mirror, mirror on the chain, which L1 is fast and reigns?" 🔮 Solana: The fairest of them all! ⚡️🚀 📈After rejecting the upper bound of its channel, SOL has been in a correction phase and it is currently nearing the lower bound of the channel. Moreover, the $175 - $190 zone is a strong support and structure. 🏹 Thus, the highlighted blue arrow zone is a strong area to look for buy setups as it is the intersection of support and lower green trendline acting as a non-horizontal support. 📚 As per my trading style: As #SOL approaches the intersection 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
Long
by TheSignalyst
8
SolusdcSOL/USDC has successfully broken out of its downward trend and is now showing strong bullish momentum. With this breakout, we anticipate further upward movement, making it an ideal opportunity for buyers. 🔹 Entry: 195 🔹 Target 1: 205 🔹 Target 2: 217 🔹 Stop Loss: 187 A sustained move above the entry level could signal further gains, while the stop loss is strategically placed to manage risk. Trade with proper risk management and follow market movements closely
Long
by Pipsview_Analysis
2
Solana Faces Pressure as Pump.fun Offloads $28M SOLThe cryptocurrency market has recently witnessed a notable shift as Pump.fun, Solana’s memecoin launchpad, executed a massive sell-off of 148,759 SOL, worth approximately $28.22 million, to Kraken. This move has triggered speculations regarding Solana’s potential downtrend, raising concerns among investors and traders. Market Reaction to the Sell-Off Despite the global crypto market reaching an impressive $3.16 trillion, Solana is facing notable resistance. The recent sell-off by Pump.fun has heightened fears of a continued bearish trend. To date, the launchpad has transferred a staggering 2,280,377 SOL, valued at approximately $462 million, to Kraken. While 264,373 SOL has already been sold for 41.64 million USDC, Pump.fun still holds 16,877 SOL, indicating the possibility of further market activity. Additionally, Solana’s decline comes as Binance Coin (BNB) surpasses it in market capitalization, now standing at $96.15 billion compared to Solana’s $93.16 billion. Market sentiment is shifting as Solana’s 24-hour trading volume has decreased by 11.51%, now at $3.39 billion. Technical Analysis At the time of writing, Solana is trading at $191.17, experiencing a minor 0.20% increase in the last 24 hours. However, the broader trend presents a concerning outlook. Key Technical Indicators: - Break of Structure (BOS) Nearing $180: Currently, Solana is hovering around the BOS level. A confirmed breakdown below $180 could trigger a severe selling spree, pushing SOL toward deeper support zones. - Fibonacci Retracement Analysis: A breakout above the 38.2% Fibonacci retracement level could invalidate the bearish sentiment and spark a bullish rally. If Solana reclaims this level, it could set sights on the $400-$500 range in the long term. Conclusion Solana is at a critical juncture, with its price movement hanging in the balance between bearish pressure and potential recovery. The recent Pump.fun sell-off has introduced uncertainty, but key technical levels and broader market sentiment will dictate the next move. A break below $180 could trigger a major decline, while a decisive move above the 38.2% Fibonacci level could renew bullish momentum. Traders should stay alert and adapt their strategies accordingly in this volatile environment.
Long
by DEXWireNews
Solana Battle Plan Update 3: Price to reverse at Local HighThis is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting. Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t see a continuation pattern yet. We Solana does not show an ascending triangle, a cup and handle, or even a symmetrical triangle. Without a continuation pattern we must suspect price will stall at a previous support. Seeing where price flipping support to resistance and vise versa at key levels is one of the basics that can take years to master. That previous support is the bear trap that was created at the beginning of the bear market. We can see on the right where it played out with Ethereum and I strongly suspect we are seeing the initial stages of that reversal in Solana. Of course, there are some key differences in the two charts. We can see that when we look at other indicators. I don’t want this idea to become unmanageable so I will just look at one of the basics, the Monthly Bollinger Band. It is pretty clear that looking at the Bollinger Band it looks like Solana did a much better job than Ethereum. Solana has pushed its head above the monthly Bollinger band to reach the previous bull trap whereas Ethereum didn’t even reach the baseline. But either way, price being out of the monthly Bollinger band or near the middle with weekly bearish divergence at previous support still suggests reversal. I do hope to see the lower limit of the monthly BB to snug up and flatten off to indicate a local low is in when I see Solana double bottom. Solana Against Bitcoin, Ethereum and BNB Solana also looks like it is in a dreadful position against Bitcoin. The zone of resistance is drawn, in part, due to the MACD oscillaton below zero and the amount of sideways action we needed to have that happen. The bearish similarities with Solana and trading pairs continues with Ethereum. BNB has a bit of a different set up. It does not have a clear bull trap like SOL has against BTC and ETH. Rather it had a descending triangle top and a return move to the support of the triangle. Price has returned to the base of the descending triangle and I think with the indicators so overbought we would assume another pull back. Conclusion and my plan Solana looks like it has hit a local high against USD, BTC, BNB and ETH. There are so many temptations to get out of Solana into a different larger, less volatile token that I don’t see most day or swing traders holding onto Solan for long. Especially margin traders. Timing the shortside can be a wee bit tricky but it can be done. I am staying away from that. I suspect that Solana will be setting a higher low W pattern. If it does, I will basically be rotating everything I can into it as I expect it will be making a higher high. AS the main chart shows that higher high would be about 100x from the low. If it sets an equal low, then I will suspect it will roughly return to an all-time high. That would be about 25X. That is decent enough for crypto but in all honesty if Solana sets a lower low, I will be looking for a different token to rotate into. Right now, my biggest crypto bag continues to be Fantom as I really like the Big W pattern it is in.
BINANCE:SOLUSDShort
by This_Guhy
15
Swing trade in 4H Daily MACD is still deep in the bear zone and Solana hasn't even claimed the the previous week high.  Therefore, the overall sentiment for Solana is still bearish to me, however, in the 4H chart, I can see some bullish momentum is building up and a potential swing opportunity might be coming up soon. The things I am seeing for a potential swing trade are as follows: 1) The price broke and closed above the descending treandline and now the price is consolidating (not dropping) in the range bound in the Fib 0.236 region. 2). When the price tries to move to the upside, the first barrier that it has to break is Fib 0.236.   It doesn't guarantee it is the start of the bull, but it is the early sign of the bullish momentum.  If the momentum is weak, the price starts to retrace to the downside when it hits 0.382 and 0.5.  So, I need to wait and see the sideway consolidation ends and the price moves decisively (without a long top wick) above $203. 3)  MACD needs to be properly  crossed, point to the upside and enter the bull zone.    As I said, daily MACD is still in the bear zone. Therefore, 4H chart provides a good trade set up for a long, the upside momentum might be still limited to the Fib 0.5 -0.618 area. Therefore, if I open a long position based on 4H chart, I will be very cautious with position size and profit target.
COINBASE:SOLUSDLong
by EbonyFalcon
Franklin Templeton Joins Solana ETF Race: A Game-Changer for SOLThe race for a Solana ( CRYPTOCAP:SOL ) ETF is heating up, and Franklin Templeton has just thrown its hat into the ring. The global investment giant has filed documents in Delaware to register the Franklin Solana Trust, marking a significant step toward launching a spot Solana ETF. This move comes hot on the heels of similar filings by VanEck, Grayscale, and Canary Capital, signaling growing institutional interest in Solana. But with CRYPTOCAP:SOL ’s price down 3.34% in the last 24 hours and 9.99% over the past week, is this ETF momentum enough to reverse the bearish trend? Let’s break it down. Institutional Adoption Heats Up Franklin Templeton’s entry into the Solana ETF race is a major vote of confidence for the blockchain platform. Known for its high-speed transactions and low fees, Solana has become a favorite among developers and users alike. Now, with institutional heavyweights like Franklin Templeton, VanEck, and Grayscale vying for a Solana ETF, the cryptocurrency is poised to gain even broader recognition. Key Developments: 1. Franklin Solana Trust: Franklin Templeton’s filing in Delaware is the first step toward launching a spot Solana ETF. While the SEC has yet to approve any Solana ETF, the growing number of applications highlights the asset’s potential. 2. SEC’s Stance: The SEC has acknowledged filings from Grayscale and Canary Capital, opening a 21-day public comment period. However, Solana’s classification as an unregistered security remains a hurdle. Analysts suggest that Litecoin and Hedera ETFs might have a better chance of approval due to their clearer regulatory standing. 3. Franklin’s Crypto Index ETF: Franklin Templeton has also filed for a **Crypto Index ETF**, which initially tracks Bitcoin and Ethereum but could expand to include other altcoins like Solana. This shows the firm’s long-term commitment to the crypto space. Technical Analysis Despite the bullish news, Solana’s price action tells a different story. Here’s what the charts are saying: CRYPTOCAP:SOL is currently trading at $195, down 2.36% in the last 24 hours. The token has struggled to maintain momentum, with a 9.99% drop over the past week.The Relative Strength Index (RSI) is in bearish territory at 41, indicating that selling pressure outweighs buying interest. This suggests that CRYPTOCAP:SOL could face further downside before finding support. If Bitcoin dips to $90,000, CRYPTOCAP:SOL could test the $180–$160 zone, a critical support area. However, a breakout above $240 (38.2% Fibonacci retracement level) could reignite bullish momentum, potentially pushing CRYPTOCAP:SOL toward its all-time high of $270. Solana’s 24-hour trading volume is down 14.03% to $3.81 billion, despite its $95.94 billion market cap. This divergence suggests that retail interest may be waning, even as institutional demand grows. Conclusion Franklin Templeton’s entry into the Solana ETF race underscores the growing institutional interest in the blockchain platform. While the current price action is bearish, the potential approval of a Solana ETF could be a game-changer, driving CRYPTOCAP:SOL to new heights. For now, investors should keep an eye on key support and resistance levels, as well as regulatory developments. Will Solana break out of its slump and reclaim its all-time high? Only time will tell, but one thing is clear: the race for a Solana ETF is just getting started.
COINBASE:SOLUSDLong
by DEXWireNews
Solana With Another Clear Long Signal Given!Trading Fam, Not too much to say here other than the fact that my indicator has recently given us another very clear buy signal inside our liquidity block after hitting support. This alone is all we needed for entry but if you're not familiar with how accurate my indicator has been for us on these larger cap/large volume tokens, then you can see below we also have plenty of confirmation from the Heiken-Ashi, RSI, and MACD. Here we go! ✌️ Stew
COINBASE:SOLUSDLong
by stewdamus
Breaking: Solana Reclaims $200 MarkIn a surprising turn of events, Solana (SOL) has surged past the $200 resistance level, defying the broader crypto market's cooling trend. While Bitcoin (BTC) dipped to the $95,000 support level and the Crypto Fear & Greed Index slumped to 35—indicating a fearful market—Solana has emerged as a standout performer. Why Solana Stands Out Solana, launched in March 2020 by the Solana Foundation, has quickly risen to prominence as a high-performance blockchain platform. Designed to facilitate decentralized application (DApp) development, Solana combines proof-of-history (PoH) with proof-of-stake (PoS) to achieve unparalleled scalability and speed. This hybrid consensus model allows Solana to process thousands of transactions per second (TPS) at a fraction of the cost of competitors like Ethereum. Key Fundamentals Driving SOL's Growth: 1. Decentralized Finance (DeFi) Accessibility: Solana's focus on making DeFi accessible to a broader audience has attracted both retail and institutional investors. 2. Institutional Interest: Solana's ability to handle high-volume transactions without compromising decentralization positions it as a viable long-term player in the blockchain space. 3. Ecosystem Growth: The Solana ecosystem continues to expand, with projects ranging from decentralized exchanges (DEXs) like Serum to NFT marketplaces and gaming platforms. Technical Analysis As of the time of writing, Solana is trading at $205, up 2.29% in the last 24 hours. Key Technical Indicators: 1. Relative Strength Index (RSI): SOL's RSI is currently at 45, indicating a neutral to slightly bearish sentiment. While this suggests the potential for a trend reversal, the recent candlestick patterns hint at a possible bullish surge. 2. Candlestick Patterns: The recent closing prices and candlestick formations suggest a bullish momentum. If this trend continues, CRYPTOCAP:SOL could target the $248 resistance level, which aligns with the 38.2% Fibonacci retracement level. 3. Support and Resistance Levels: The $200 level has now flipped from resistance to support, providing a strong foundation for further upward movement. However, a slight downtick could see CRYPTOCAP:SOL retesting its 1-month low, serving as a cooling-off zone before another potential rally. 4. Volume and Liquidity: With a 24-hour trading volume of nearly $4 billion, Solana is experiencing significant liquidity. This high volume indicates strong market participation, which is often a precursor to sustained price movements. The Road Ahead: Bullish or Bearish? While Solana's recent performance is impressive, the crypto market remains highly volatile. Here are the key factors to watch: Bullish Case: - If SOL maintains its momentum and breaks above the $210 resistance, it could target the $248 level, representing a 20% upside from current prices. - Continued ecosystem growth and institutional adoption could drive long-term demand for SOL, pushing it to new all-time highs. Bearish Risks: - A failure to hold the $200 support level could lead to a retracement to the 1-month low, potentially cooling off recent gains. - Broader market conditions, including Bitcoin's performance, could impact SOL's trajectory. If BTC experiences further downside, it could drag SOL along with it. Conclusion As the "Ethereum killer," Solana continues to prove its worth in the blockchain space. Keep an eye on this altcoin—it may just be getting started.
Long
by DEXWireNews