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Solanaanalysis

SOLANA Holding up extremely well. Inverse Head & Shoulders v BTCWith this slight pre halving dip. And look at this chart it has formed vs #Bitcoin Using our log based target for #BTC of $143.9k We can project how high #SOL COULD possibly go. Similar patterns have formed v ETH & USD has already highlighted. ***** ----------------- ********* These are just mere mental frameworks of a POTENTIAL price roadmap. Imagine not having a roadmap... and someone was to cash out $500 ... went on a long vacation Only to see the Sol price trading at $1800... with "Analysts" & influencers calling for $5K Creating FOMO and going back into the market only to watch it top at $2400 and then proceeding to ride it back down to triple digits!!! Your initial profit taking at $500 may only be worth $250 before you come to your senses and run for the hills with what you have left.. still a good win if you got in low enough ... but you would probably be emotionally scarred for the next few years! Enjoy this dip We still got some time left in this bull market obviously But time is not on our side and you should have already laid out your exit plans.
COINBASE:SOLUSDLong
by BallaJi
Solana Meme Coin BOME Surges With 300% Daily GainsSolana's ecosystem has birthed a new contender: $BOME. This Solana-based meme coin has caught the attention of investors and enthusiasts alike, experiencing an explosive surge of 300% daily gains. With its market cap soaring to $996 million and a listing on Binance sparking further momentum, ECONOMICS:BOME has emerged as the leader of the meme coin rally within the Solana ecosystem. The Meteoric Rise of BOME: BOME's journey to prominence began with an astounding 292% daily gain in its price, propelling its market cap to unprecedented heights. A significant transaction, where 12,721 SOL tokens were exchanged for 314 million BOME, underscored the fervent interest surrounding this meme coin. Investors witnessed their investment more than double within a remarkably short span, exemplifying the potential and allure of BOME within the crypto space. Catalysts for Growth: The listing announcement on Binance served as a catalyst for further gains, catapulting BOME into the spotlight of the meme coin market. This official recognition from one of the world's leading cryptocurrency exchanges validated BOME's potential and fueled renewed enthusiasm among investors. Moreover, BOME's swift listing on both Binance and Bybit futures platforms further solidified its position as a frontrunner in the Solana ecosystem's meme coin rally. Leading the Charge: BOME's meteoric rise has not occurred in isolation but rather as part of a broader meme coin rally within the Solana ecosystem. Other assets such as Sillycat (SILLYCAT), Gigachad (GIGA), Samoyedcoin (SAMO), Pepecoin on Solana (PEPE), and Loaf Cat (LOAF) have also experienced significant gains, signaling a collective surge in investor interest and engagement. The Future of BOME: As ECONOMICS:BOME continues to captivate the market with its exponential growth and listing on major exchanges, the spotlight remains firmly fixed on its future trajectory. With its price currently standing at $0.020 according to Coinmarket cap data, ECONOMICS:BOME represents not only a lucrative investment opportunity but also a testament to the innovative spirit of the Solana ecosystem. As investors eagerly await further developments, one thing is certain: BOME's ascent marks a new chapter in the evolution of meme coins, redefining the boundaries of possibility within the crypto landscape.
Long
by DEXWireNews
3
Cryptolean Solana SOL UpdateSolana dipped to below the key daily resistance zone of $144-$151 however it is back into the narrow daily range, where it has been consolidating for the last 4 days. A daily candle closure above $151 will push Solana price towards $167 and higher. An inability to sustain the price action above $144 will result in price declining towards $126, the key daily support. Intraday Chart After a quick dip earlier today, the SOLUSD intraday (4-Hour) chart is back into the bullish territory. A bullish breakout of $152.6 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $164-$173. An inability to sustain the price action above $143 could result in a slow bearish move to $134 and, possibly, lower to the key intraday support of $124,56 A dip to either $143 and a strong bullish rejection of this level will push price to $164-$173. I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity. The SOLUSD chart is holding strong and consolidating in a narrow range which is totally normal after last days bullish extension. Once Satoshi price in BNBBTC chart will find a support and reverse, the Dollar price in BNBUSD chart will extend higher. Like once read! Thank you.
by Trade-Lean
6
Solana +59% price rise confirmed! All set to reclaim ATHPopular layer-1 digital asset, Solana COINBASE:SOLUSD , looks ready to revisit its all time high, around $259. My thesis is that Solana will continue to lead the charge this Crypto Bull Cycle, coming second only to BITSTAMP:BTCUSD . Recall that in the last quarter of 2023 we saw the coin rally over 463% from mid-October to the end of the year. Over that same period Bitcoin only moved by just over 73%, whilst Ethereum BINANCE:ETHUSDT did about 57%. At present, Ethereum is now only 22% from its all time high whilst Bitcoin has already created a new all time high. Meanwhile, Solana which is already proving to be a favourite for most retail traders and investors due to its cheaper transaction fees and faster speed is still a good 60% away from the ATH. Going into the technicals, the price chart of the 4th highest ranked digital asset by Market Cap (when excluding stables) is showing a clear cup and handle on the higher timeframes as pictured below. The handle is formed from another cup which itself seems to have another cup, a cup within a cup, within a cup…. the Cup n Handle Matrix lol Overall, I think this setup creates a great opportunity for those wanting to shift their positions to capitalize on the potential for larger spot gain in a “blue-chip” Crypto and for those looking to trade it on Margin, Futures or Options too. (If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking Solana is headed and what coins I can look at next) Happy Trading!
COINBASE:SOLUSDLong
by theblueinvestor
SOL Solana Technical Analysis and Trade IdeaSolana (SOL) demonstrates a robust bullish trend, recently surpassing previous highs and clearing liquidity above a prior monthly high. A potential retracement to the 61.8 Fibonacci level could present a buying opportunity. Our targets are aligned with previous monthly highs, as illustrated in the video. Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading in cryptocurrencies carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
Long
by tradingwithanthony
Solana Weekly Analysis Solana appears to be in a favorable position, showing a clear and rational price movement without signs of being overly pumped or in a bubble. It has retraced from previous areas and we've observed price reactions in the short-term highs, likely due to buyers starting to take profits who buys around the $20 mark. Additionally, the price retraced to $100, which seems to align with algorithmic pricing and presents a good opportunity for buyers looking to accumulate and participate in this price run. Looking ahead, the next target for Solana seems to be reaching intermediate highs and potentially surpassing its all-time high, reaching around $270. For those considering buying Solana, it might be wise to wait for a favorable entry point in the sweet spot area between $80 and $60. Then, one can consider selling at the all-time high to secure profits.
COINBASE:SOLUSDLong
by Deotrade1
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point. I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue. I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend. Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
COINBASE:SOLUSDShort
by truepersonal
SOLUSDT.1DBased on the provided market data, it appears that the SOL/USDT pair is currently in a bullish market. This is indicated by the Relative Strength Index (RSI) values which are above 70 for the 4 hours, 1 day, and 7 days frames, indicating that the currency is currently being overbought. The Moving Average Convergence Divergence (MACD) values are also positive in these timeframes, suggesting that the bullish momentum is strong. However, the MACD values are higher for the 7-day timeframe than for the 4-hour and 1-day timeframes, suggesting that the bullish momentum may be stronger in the longer term. The current price of SOL is 131.48 USDT, which is below the Bollinger Band (BB) values for all timeframes. This suggests that the price is not overextended and there may be room for further growth. The support levels are lower than the current price, with the closest support level at 118.24 USDT for the 4-hour timeframe, 11.11 USDT for the 1-day timeframe, and 80.20 USDT for the 7-day timeframe. This indicates that there is a strong level of buying interest below the current price, which could provide a safety net if the price were to fall. The resistance levels are higher than the current price, with the closest resistance level at 141.53 USDT for the 4-hour timeframe, 154.0 USDT for the 1-day timeframe, and 160.0 USDT for the 7-day timeframe. These could be potential targets for the price in the near future. In conclusion, the technical analysis suggests that SOL is currently in a strong bullish trend with potential for further growth. However, as always with trading, there are risks involved and it is important to consider other factors such as market news and sentiment. Please use this analysis as part of your broader research before making any trading decisions.
by MarsSignals
Long Position on SOLUSDTAnalysis: Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum. Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level. Take Profit Levels: TP1: Set the first take-profit level between the 23% and 38% Fibonacci retracement levels. TP2: Place the second take-profit level between the 50% and 61% Fibonacci retracement levels. TP3: Target the third take-profit level at the 78% Fibonacci retracement level. Use of Gray Rectangles: Gray rectangles, derived from open interest and representing areas with the highest volume, are used to set the take-profit levels. Trade Plan: Entry: Consider entering a long position based on the bullish divergence observed in the RSI. Stop Loss: Protect the trade with a stop-loss order placed below the Point of Control (POC) from the volume profile. Take Profit: TP1: Close a portion of the position at the first take-profit level between the 23% and 38% Fibonacci retracement levels. TP2: Take additional profits at the second take-profit level between the 50% and 61% Fibonacci retracement levels. TP3: Target the final portion of the position at the 78% Fibonacci retracement level. Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly. Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Long
by ispatialresources
I see a negative scenario for SOLANA, will we drop below $100?Hello everyone! I want to warn those who have open LONG positions on #SOLANA. In the local perspective, we can expect a decrease in the asset down to $92.5 as a head and shoulders pattern has formed on the 1-hour and 4-hour timeframes. The situation is also negative on the daily and weekly timeframes. Since the last local price high on February 14th, I have been seeing selling pressure. The week also started negatively. However, the drop may not be as deep, as we have support in the form of the 200-EMA and the strong Fibonacci 0.236 level, which is at the round number of $100. Therefore, I believe it would be wise for those trading with leverage to reduce their positions, and for those with extra funds to place buy orders at the following levels: $100 $96 $92.5 In the global perspective, after this correction, I expect growth towards $150. This is not financial advice, everything you do, you do at your own risk!
Short
by neverovv
3