The crash that took Solana to $110 was a massive ride. We have also seen the asset recovered to FIB61.8 zone and currently sitting around FIB50...
Longing from this zone will likely give RR of about 1:7 all this being equal.
lets ride this baby north.
I am bullish
SOLUSDT is demonstrating strong bullish momentum as it advances towards its all-time high (ATH), having recently broken through key resistance levels. With the current trajectory suggesting a potential surge, traders can expect a significant upward movement that may surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to...
Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike.
One of the most compelling factors driving Solana's growth is its impressive performance metrics....
Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly...
Solana (SOL) has been oscillating between $116 and $210 for several months, indicating buying on dips and selling on rallies.
The price rebounded off the solid support at $116, signaling that the bulls are active at lower levels. The SOL/USDT pair could reach the moving averages, which are the key resistance level to keep an eye on.
If the price turns down from...
The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22.
Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs.
Resistance Levels:
Immediate resistance at around...
Solana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports.
The digital asset's ascent was...
The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory.
...
After reaching the 200 milestone back in March, Solana experienced a correction, which was expected.
However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support.
The past three...
SOL / USDT
SOL reclaimed the key support on HTF
and showing clear bullish pennant
As long as the above details are intact likely it is heading towards a new ATH soon
Blue Line - All time high ( 260 )
Green Line - Interest zone ( 116, 90, 80 )
As you can see triangle pattern spotted in a daily timeframe, and successfully break the upper resistance channel with wickless Bull candle in a weekly timeframe. It is a huge confirmation to hit All-Time high in near future. If BINANCE:SOLUSDT able to close candle above 260 in either...
Based on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin is now forming a bearish flag, which IMO is a strong indicator for a potential bull run
Let us wait for the price to test the resistance zone so that we can have a clear entry position.
Based on the previous post I had done earlier today, it is now time to have an entry position as the pattern has now being completed.
Entry point at 174, SL at 165 and the target is 205. Expected R:R is 1:3
Market Context:
The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives.
Solana's ecosystem is showing strength and resilience even when the market is declining.
Trade Parameters:
Entry: Enter a long trade around $155.
Take Profit:
First target: $185
Second target: $205
Stop Loss: Set at $146
📊 Watch the price action and adjust the...
Earlier on, I had anticipated that this crypto coin will rebound, then proceed with bullish momentum. It was still unclear how we were to achieve an entry position, which becomes clear by the day.
As for now, we can see that there is falling flag pattern formation, which IMO gives a bullish momentum confirmation. Let us see how it will complete this pattern...
Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility.
Breaking Through Resistance: A Positive Sign
The recent price action for...
This crypto coin has been forming a bullish pennant pattern, ever since it reached $200 in April (1D Timeframe).
There will be a follow up analysis using a shorter timeframe so that we can see where the entry position will be.
The Sol price action has been extremely bullish today, as price has firmly Broken out of the pennant formation as discussed in my previous article. Although this move is bullish, there is still some way to go before we are able to see prices as high as $200, however, it is inevitable. In the following statements I will discuss my bullish perspective.
Double...
