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Solanaanalysis

SOL to the 27-28USDcIn the current scenario, where SOL/USDT (Solana against USDT) is forming a "bull flag" pattern, there has been observed a positive price movement that suggests a potential increase to the range between 27 and 28 dollars per SOL. The bull flag pattern is typically seen as a continuation pattern within the existing trend, which in this case could be an ongoing upward movement in Solana's price. It is anticipated that the breakout from this bull flag pattern could lead to testing resistances at higher levels. This way, SOL could move towards the target range of 27 to 28 dollars per SOL. It's crucial to monitor whether this upward trend is supported by sufficient trading volume and investor interest. In the event that the ascending trendline is breached, and SOL/USDT falls below this level, there is a risk of another downward move. This could result in disrupting the current upward trend and initiating another corrective phase downward. Therefore, it's important to keep an eye on price levels, trading volume, and technical indicators that might indicate the strength or weakness of the market movement.
CRYPTO:SOLUSDLong
by Bitcoinblockchainonline
SOLANA, plausible a WXY correction in the endThis Sunday I erased all of my TA regarding SOLANA. In the end, it was a shaky friday-saturday and SOLANA totally changed its course. From a "bottom reached" market consensus to a.... falling knife! My personal position was that an ABC was in place, that it could have already reached its first target of a C, but that it was also a very "short" C. Never did I expect such a collapse taking us to $12 bucks????? I did - however- expect a $17-17.25 bottom, perhaps stretching to $15 - AND THAT WAS IT!. So yes, I erased it all and found that it made sense to redraw as... a WXY! Look at the targets, it seems to fit like a new sock. If this is so we should see a reversal. Time to wait for a first robust sign and then climb in. Too early now, in my personal view. We could still see yet another impulse down, hopefully NOT making a lower low and still within WXY (else ABC) limits. Let´s see what´s in next for SOLANA...
S
by Ivanbole71
SOLUSDT are you rdy ? 🧨😉Well, well, well. We want to do Solana analysis together. Solana will first have a short trend from 19 dollars and 90 cents. After we started the downward trend from 19 dollars and 90 and a half cents, our target price for shorts is 16 dollars and 20 cents. Well, after our trend took the shorts and reached our desired target, the upward trend of Solana will start from this price. So, for the long trend, from 16 dollars and 20 cents, our target will be 38 dollars and 17 cents. This was Solana's analysis.
by ManochehrAzar
Solana: Check! ✔️✏️As planned, Solana has worked its way through the turquoise zone between $22.45 and $17.82 and completed wave 2 in green. Now that this to-do is checked off, our crypto-friend should gather some upwards momentum, which should propel it out of the turquoise zone and further northwards to finish wave 3 in green. However, there is a 20% chance that Solana might not be able to activate the necessary drive and thus slips below the support at $16.01. In that case, we would expect the altcoin to develop a new low in the form of wave alt.ii in orange first before heading upwards.
BINANCE:SOLUSD
by MarketIntel
$sol continuation? Final target $111?Not going to lie. Today was a rough trading day for me. After a full month of feeling in the zone and catching both upside and downside moves, I had a pretty large loss today trying to short the S&P thinking we'd go down (I mean to be fair, I was right premarket - down over 1% but didn't anticipate a bounce). All that to say, the day made me reassess market structures across asset classes and I realized that the move down was just a fake out in a consolidation pattern and that we're likely to head higher. I was looking at smaller timeframes and while there were head and shoulders patterns all over the place, none of them materialized and the bounced higher off their downtrend lines. Then I zoomed out. If you look at the chart of $SOL, it actually looks extremely bullish. It's been consolidating in a bullish flag since the middle of January and looks poised to break out. On top of that, it's consolidating outside of the downtrend line. I think the final target of this move is $111 (or strech target $135 -50% retracement), and while I know that sounds extremely bullish (for me in a bear market), I think price can get there just because of how oversold it was and how that would take us into the midpoint of the breakdown. I don't think getting up there would be that crazy. I took a position here at $24.60. Let's see what happens over the coming weeks/months.
COINBASE:SOLUSDLong
by benjihyam
14
Solana LONG | Does this make sense to you?BINANCE:SOLUSDT Hello all, I hope you're doing well. :) OVERALL METHOD EXPLAINED: In this 4H Solana/USDT Chart, I went trough the overall trend (bullish up until some point in the chart), used the Fibonnaci retracement tool (usually I use the "Golden Area" as of guidance ,from my point of view it doesn't have to be very difficult), identified key areas of support and resistance, and drawed out some waves to help understand any possible direction reversal. A LITTLE MORE IN DEPTH: Price has been trading sideways overall since a while ago, not really forming a decisive direction. Therefore at this point, and after dropping so low, it was able to sustain itself for a bit around the 17 range. After (most recently) going on up until the 21 range and maintaining the price there, with all the analysis and specially regarding the waves and the fact that it is sustaining in the 21 range, the fibonnacci helps see the TP at 34.91 and SL at 15.46 , forming a RR of 2 , which I see as safe, since upon continuation of this possible reversal there's always the possibility of moving the SL to breakeven or etc. (according to each ones methods). What is your point of view? Will the price do as I mentioned, or similar? Let me know, and give me a boost if this makes sense to you! Have a great day y'all.
Long
by harfi7520
1
What kind of reward do Solana SOL holders expect?The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021. It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances. And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project. Here, we have described in detail how closely Solana was connected to FTX and related entities. So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions. Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$ , as the upper boundary of a long-term liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
Solana ($SOL) - Sleeping Giant | VatsikEvening Folks, Here I provide some context around my analysis on Solana and I predominantly focus on specific technical criteria, I am a structural price action trader. I think retail is sleeping on this giant - letting it drift away from portfolios via the uncertainty of its future, similar to that of Ethereum in 2019. This is fair, as an investor, to be wary of. Will it recover, is the narrative of NFT's over, is FTX the collapse of Solana? Time will tell, but from a purely objective and technical standpoint, I will let the chart speak for itself before making my ultimate decision. Boiling it down - consolidation under resistance = bullish pressure and supply pinching -> asset appreciates in value (price). We had bearish consolidation in Q4 of 2022 and lost support (see chart). Now? We are seeing bullish consolidation below resistance and about to lose 28 dollar area resistance imo - a major high time frame area of interest, much like 6k shelf on Bitcoin last bear market. Reclaiming this critical level is essential and powerful. Solana is ranging within a downward sloping channel with shallow corrections, above a major market structure break (msb) at 15.5 dollars that has already been tested. Hold the local 20 dollar support and origin of current leg breakout, hold the downward sloping channel's low, and of course hold my directional control point (DCP) at 15.5 (bears fully back in control below my DCP level) then price has no where to go but UP. Anything in the green zone, above my DCP, is bullish as bulls are in control. Higher lows on a trending asset = bullish. Breaking red to the upside, on high time frame resistance, with multiple candle closes (Daily or H12) and we will push to the lower quarter range (QR) in the prior range we traded in mid-late 2022. Channels don't disappear if they or broken, they tend to come back later, once price enters them again. They always exist and price likes to trade at them (up/down) - imagine your favourite spot to grab lunch, you likely frequent this location often and in turn have good and bad experiences there. Eventually the macro range EQ and upper 50th percentile (higher QR and RH) will be tested, believe this. If Solana survives this market and pulls out ahead, we will see new all time highs imo. Again, while we sleep on it, it is making moves and following the above criteria, fundamentals aside, price will release with expansion on a supply pinch from initial and re-accumulation. This range it is attempting to reclaim is only the beginning, until the real supply pinch occurs from the re-accumulation we are witnessing in front of our eyes right now. Choose your side, I know mine. Manage your risk and DYO! NFA Vatsik
Long
by cryptovatsik