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Solanacoin

SOLANA the last dance- this could be the last run for SOL in this bullmarket, i always liked to stay preservative in my predictions, but SOL was something... - if you stayed with me from the start when Solana was a few bucks, you already made a bunch of money, so don't be greedy and trade wisely. - now Solana went down and retraced for a long period of time, because after touching the moon, it takes long time to come back. - i will link in comments my SOL most interesting older analysis, i recommend to check them all to understand older moves. ------------------------------------------------ Trading Plan ------------------------------------------------ Buy zone 1 : 170-160$ Buy zone 2 : 159-145$ TP1 : 295-325$ ( Security TP ) TP2 : 450-500$ SL : under 120$ ------------------------------------------------ Stay Safe and always follow TheKing for safety! Happy Tr4Ding !
FTX:SOLUSDLong
by thecryer
15
Solana down into the $120 mark?From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have always acted as strong supports with the trending price. That can be a strong demand area for buyers.
FTX:SOLUSDShort
by opes_trading_group
Cup & Handle Daily. SOLANA🚀🚀Update! Update!! Solana is bullish, more momentum to the upside imminent for new All Time High. It earlier corrected almost 50%, formed higher lows consecutively After new daily support , shown at previous resistance is holding strongly, from here it bounced to hit same resistance for the third time in a row. This is now Cup and Handle pattern on the daily chart . When broken, first price target is $239 , and continue into " uncharted territory " Previous idea on SOLANA linked below, It played out perfectly " exactly as predicted "; EAP ! Follow 🚶 @CryptonKidd for daily analysis Like 👍 if you agree with this idea
Long
by CryptonKidd
Solana Strategy- Did you notice that after the last run i stopped posting about Solana ? so here the reasons. - if you followed all my Solana older analyses, normally you are rich already and no need to trade anymore, so maybe you are still trading for fun ^^. Remember how violent was Solana Train, Brutal, raging like a formula 1 in starting blocks. But.....when a project makes a rush like that, i take my benefits and switch to another project.. one witch didn't start yet to move up. - so now you have to remember the first rule of Fibonacci, " Everything going up, have to go down! ". i am not saying that SOL bull run is over yet but i can feel in movements some incertitude and a lack of power for now. SOL have to grow with BTC and if the power of SOL trend starts to be weak, it would mean if BTC dip, it will be a bloodbath, and you don't want to be there. - i always do everything for free and try to protect my followers from a brutal REKT, i am here to grow peoples and learn also from the others. ------------------------------------------------------------------------------------------------------------------- So this is my trade recommendation for SOLANA : ------------------------------------------------------------------------------------------------------------------- - now have ABSOLUTELY NOTHING TO BUY, SOL is in a Triangle and the price is more closer from the downside. - i do not recommend to buy between 150$ and 110$, it could be dangerous. - if the triangle is broken up again, Buy SOL around 185$++ ( BUY BREAKOUT in Graph ) - if the triangle is broken down, Buy SOL around 100$ ( REBUY ZONE 1 in Graph ) - Keep some Juice in case of more Dip and Rebuy SOL around 65$ ( REBUY ZONE 2 in Graph ) ------------------------------------------------------------------------------------------------------------------- - TAKE PROFIT : before 335$ ish ------------------------------------------------------------------------------------------------------------------- Stay Safe, Armor yourself with Patience and play Wisely ! i will post some of my older analyses in comments. Happy Tr4Ding !
FTX:SOLUSD
by thecryer
21
Solana Fib Analysis, Ramping up!!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana has started to drop on September 10th and the market started to trade between the ranges of $110 to 170$ in the last month. and in the last couple of days, the coin value has started a Bullish movement where the price jumped from 137.17 to 162.31 today an 18% increase. It seems like the market is trading in a triangle pattern near the and now it's getting closer to the end of the pattern with early signs of a breakout happening soon. Possible Scenarios for the market : Scenario 1 : The market is currently trading between the 38.20% and 50% fib level at ($158.09) with good Bullish momentum, in case the market was able to reach the 50% ($165.38) level then it will give us a sign of a breakout that will lead the market to the 61.80% fib level ($177.64) where it might see strong resistance but in case it was able to breakout that level then we could be seeing a visit to the $200 range soon. Scenario 2 : The first sign of a Bearish breakout will be dropping below the 50 MA line which is located near the 23.60% fib level ($139.01), By reaching that zone the Bears will try to keep the pressure on the trend but might have trouble breaking out that level. in case they were able to breakout then we could be seeing a drop in value that will reach the $115.11 level. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 54.04 showing good strength in the market. 3) The STOCH is trading in the upper range with a positive crossover between %K (63.09) and %D (58.57) Daily Support & Resistance points : support Resistance 1) 153.130 1) 167.258 2) 146.183 2) 174.439 3) 139.002 3) 181.386 Weekly Support & Resistance points : support Resistance 1) 141.639 1) 169.256 2) 125.876 2) 181.110 3) 114.022 3) 196.873 Fundamental point of view : The Solana blockchain has reportedly stopped processing transactions. According to the latest data from blockchain explorers SolScan and Solana Beach, the last transaction on the Solana network happened on September 14th at 11:58 UTC, creating a three-hour gap in transactions at press time. Shortly after the issue with the transactions was first reported by users on Twitter, the Solana Foundation issued a statement acknowledging that the network was experiencing issues. The Foundation said that it has been aware of the issue and that engineers have been deployed to resolve it. And while some noted that Solana’s mainnet was still in its beta release and was bound to experience hiccups, they failed to assure the Solana community that the blockchain would be up and running soon. The Solana Foundation said that resource exhaustion in the network was what caused the denial of service on the blockchain. The foundation also noted that despite the fact engineers were working towards resolving the issue, network validators were preparing for a potential restart if deemed necessary. Developers have since released a patch in Solana v1.6.23 which is set to resolve some of the resource exhaustion issues. Georgios Konstantopoulos, the research partner at Paradigm, said that the issue was most likely caused by bots spamming the reverting transactions to exploit a bug that made them almost free. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
3
Solana (Sol) Update 09/09/21: Solana New ATH $210Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical view It looks like Solana has topped. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target at the 161.80% fibonacci level @ $210 was met, the next target from here is at the 261.80% Fibonacci level (60% gain from current price level).
SLong
by CryptocurrencyMagnet
1
Solana Update 03/09/21: Moonshot leading DeFi Summer Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :) We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :) Key Info on Solano: It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
SLong
by CryptocurrencyMagnet
4
Solana all time high, overbought state Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana reached an all-time high at 103.062 breaking all of the old resistance lines, Why is this coin doing so well for itself? and what could be behind this movement? The main reason why Solana is doing so well is that Solana has the highest per-second transaction among blockchains and the lowest transaction fees, people are realizing that by using Solana they will be saving a lot of money from transactions alone. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more. Now let's look at the technical analysis and price action for this coin : Scenario 1 : The coin price is trading at 97.437 right now almost hitting the first resistance line at 97.710, The bulls are gaining more power by each day as the market brings more cash flow and knowing that could push the price above the resistance zone from 97.710 - 101.220 which will lead into a breakout of that zone and a further push will happen leading the price to go near the 107.454 level. Scenario 2 : The market has been in the overbought state for the last 2 weeks and an RSI divergence has been found which could lead to a reversal in the market, and it will start when the Bears will push the price to the first support line at 90.750 where the main battle will happen between the Bears and Bulls and the market will move according to the winner if the Bulls were to win then we will see the price push back up to the 97.710 level again, And if the Bears wins then we could expect a second drop that's going to be headed near the second support at 87.300 or even the third support at 75.924. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI has been trading in the overbought zone since Aug 14, And a divergence has been found between the market and the indicator which could lead to a reversal in the trend. 3) The ADX is at 87.42 showing that the market is super trending right now, with a positive crossover between DI+ and DI-. Support & Resistance points : support Resistance 1) 90.750 1) 97.710 2) 87.300 2) 101.220 3) 75.924 3) 107.454 Fundamental point of view : On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged by more than 4,300% in 2021. A day later, real-time data feeder Pyth Network announced that it is going live on Solana's proof-of-stake blockchain. The firm provides "high-fidelity streaming data" from trading firms and exchanges, which allows it to cover global market activity without depending on any single data source. Pyth will use Solana's cross-chain communication protocol "Wormhole" to broadcast market data with decentralized applications functioning atop Ethereum, Binance Smart Chain, and Terra blockchains. According to Cointelegraph This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
BINANCE:SOLUSD
by GabiDahduh
4
⛳ SOLANA- Epic Run Might Lead to a Correction 🚩🚩🚩Our chart on Solana which by the way has had an EPIC RUN! Solana Hit New All-Time High Above $60. In January this year, the token was worth just $2. On the 20th of July Solana was worth 21$ Just 2 days ago, it was priced at just 45$ At this stage, a correction is more likely than a rise at higher levels, no matter what Bitcoin does next. The price would need to check the 63.83 level as support (previous resistance) before rising higher. Personally, I am short on Solana with my stop loss at 76$ and a target profit level of 59,3$ and 55$. But that is just me hedging my exposure on other cryptos which I am long on. Last Thursday, Mango markets, a high-speed, decentralized exchange powered by Solana, announced a successful $70 million crowdfunding. A week ago, the Solana Foundation launched the Wormhole update, allowing integration between different types of blockchains on its network, such as the Binance Smart Chain, non-fungible tokens (NFTs), and crypto price data. All this is great news but I really doubt that Solana will compete with Ethereum, Cardano and even Polkadot. Like the so-called “ETH killers”, such as Polkadot and Cardano, the project claims to offer a faster and more efficient alternative. For instance, Solana says it is capable of processing more than 50,000 transactions a second, rivaling Visa’s claimed 65,000 transaction messages a second (TPS). However, it currently handles 6,110 TPS, according to solanabeach.io, an information platform maintained by one of the network’s validators, Staking Facilities. I might be wrong, I might be right, this is my opinion. It's not easy to dare going short on a raging bull. Solana has been exactly that in the last days. Many people have just discovered it. FOMO costs money. Solana is a train I missed but also a train i catch a little later. 🚩🚩🚩PS. Solana's Max Supply? Unlimited 🚩🚩🚩 One Love, the FXPROFESOR
FTX:SOLUSDShort
by FX_Professor
7