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Solanaanalysis

#Solana in a Rising Wedge, Cooling Off After a 2X SurgePast Performance of Solana Solana remains within an uptrend. However, from the daily chart, prices are struggling to pump higher with the same strength as before. As it is, SOL has support between $20 and $22 with a clear upper limit at $26. Per this setup, the uptrend will be valid only if SOL surges above last week's highs with expanding volumes. #Solana Technical Analysis After a near 2X rally from December lows, SOL is cooling off. However, the uptrend remains and will be the case as long as the coin is above $20. Presently, prices are in consolidation, rising within a wedge as lower lows print relative to the upper BB. Based on the SOL candlestick arrangement and the flat-lining of prices in the past few sessions, traders can wait until there is a breakout below $20 or above $26 before committing. Losses below $20 may see SOL drop to $16, the 78.6 percent Fibonacci retracement level of the December to February trade range. What to Expect from #SOL? Amid the recent consolidation, traders might look to exit their longs. Whether they would double down depends on the reaction at the above-mentioned reaction lines. Losses below $20 would see Sol drop even lower in an expected retracement. Conversely, a bull breakout above $26 may lift SOL to new Q1 2023 highs. Resistance level to watch out for: $26 Support level to watch out for: $20 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
SOL has just flashed the strong bearish signal!Hello, traders! Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame. After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis. What about targets? I expect BINANCE:SOLUSDT price at $17 , which coincides with the 0.61 Fibonacci zone of the uptrend impulse. ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
3
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault. A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof. This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android. EoY prediction for SOL: $1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture. The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea. The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token. USD 15.54 Billion The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume. DYOR | Not financial Advice
COINBASE:SOLUSDLong
by BIG-BLACK-CRYPTO
Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet. The only question is which way they will go there: If they can confidently fix the SOL price above $23, then the blue route is realistic. If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range Which scenario do you prefer, and which is more realistic in your opinion? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase. However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback. Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion. Overall, it's important to be careful and to make well-informed decisions.
BINANCE:SOLUSD
by RomKriss
2
"SOLUSDT" NEXT MOVE!!!Here we can see that "SOLUSDT" in 1 day time frame has taken breakout from the TRENDLINE and trying to retest ont the line and if it takes a healthy retest we can see a good bounce in the price and price could rise till the zone of "31.485". And if the its a fakeout then we can see downfall in the price till the zone of "20.313". Till then keep an eye on the smaller timeframes of the market and if the price hits the support mant times then there is a high change to break the candle in the downwards direction and same things applies for the resistance zone. And according to the TRENDLINE make your TRADE ENTRIES. ENJOY!!!!
by Rivani2006
[Solana‌‌]Either $30 or $18.5 from hereEvery thing is clear on the chart.... SOL may not follow these path line accurately but overall scenario should be like this! Long entry: Break of $25 zone and then holding that zone as a support will be bullish signal. And then stoploss should bd just below $23 Short Entry: If SOLbreak the the trend support line (lower black line) and then we should wait for a retest after break down of this line. If it gets rejected from the retest then we can enter for a short.
by Shaptarshi
2
Solana Analyze (Road Map)!!!🗺️Solana is running in Descending Channel. I tried to use Elliotte's wave theory to show you the Road Map🗺️ of Solana . Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale) Solana completed its Main wave 3 in the lower line of descending channel, and now it is on the way to the Main wave 4. The Main wave 4 can finish 49.8$-46$ OR 38.8$ & and at my TRZ (Time Reversal Zone). About Main wave 5, I showed you the targets of it in my chart. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
10
Solana Analyze (Short term, Timeframe 15min, 01/13/2023)!!!📱Solana was moving in an ascending channel in the 15-minute time frame when Solana broke the lower line of this ascending channel, thereby confirming the end of the main wave Y above the ascending channel and PRZ(Price Reversal Zone). I expect Solana will go down at least until the support zone. Solana Analyze ( SOLUSDT ) Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
Solana SOL price may start correction in the coming daysA few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth. But not everything is as good as it may seem at first glance. Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and the number of SOLs involved with FTX we wrote in our previous ideas. Secondly, the SOLUSD price is entering the liquidity zone of $13-16. In this zone, at least two groups of traders will sell SOL: those who unsuccessfully took a long position in November 2022 and sat through a 50% drawdown, and now will exit from the position to "zero" and those who bought SOL with limit orders at a liquidity level of $8, and now it's time to fix +70-100% profit. In the medium term, we assume that the formation of a reversal pattern "Inverted Head and Shoulders" is possible According to this pattern: - risky buy zone of SOLUSDT around $10 - conservative purchase of SOLUSDT after a confident consolidation of the price above $16 The target for the development of this pattern is around $31 Given the fact that SOLANA is very much dependent on how the process of judicial proceedings over FTX and co. will take place. It is worth understanding that one news or tweet and the price of SOL can plummet. Therefore, it is worth insuring your long positions with stops. It is worth keeping limit orders to buy SOLUSDT around: $3.70, $2.25, $1.65 . And maybe someday you will be lucky with a super profitable purchase of SOL, like those who bought SOL a week ago at $8 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
Financial Wave. SolanoVerbal speculation in the cryptocurrency market is a frequent occurrence. One example is the news that rumors have spread online that Google is buying 2,800,000 Solana. Martin Folb, CEO of Token Dynamics, wrote about this in his microblog (twitter.com). “Google buys 2,800,000 Solana at $10/SOL. Google now owns the 13th largest crypto wallet ,” wrote Martin Folbe. Commentary: The reaction of the market is to pump prices, but if the news is fake, a dump occurs immediately. We look at Solana through the prism of the wave principle. We decided to evaluate the global outlook for Solana and despite the strong decline, there is huge potential for growth. The fall in wave (2) looks complete or almost complete. Rising in wave (3) could bring Solana prices above the all-time high of $260. If the price of Solana falls below $8, our view will change.
COINBASE:SOLUSDLong
by Financial_Wave
1