Solana Will Visit $90.00 as Imperfection FitsSolana has claim to have the fastest blockchain in existense.
Starting on March 2020 and the register price at $25 on August 4th 2021. Skyrocket up to $200 in just a few week.
Now currently trading around $145 (when the article is written)
With the lowest average cost of transaction, perhaps SOL could be the next Ethereum as their build has a promising capability.
Grape Network raised with over $1.2 million from venture capital firms.
Solana, which is often billed as a next-gen “Ethereum killer”
—a faster, cheaper, more user-friendly version of the blockchain network that gave birth to programmable money
In the made for the perfection has come to the imperfection when its the price has to find the other symmetry to pair with the system
for the the developing price as for the ATH on above $200.
Yet we have seen the price has climbed so quickly, the price will still find its support for the stable base foundation.
The price of SOL is the price of development.
The price will not same to the development progress but the anticipation is there waiting for the system to be able functioning in real life project
as it got more than 400 project spinning alongside with the NFT.
As the anticipation rising, the price devalued gradually.
I am predicting the price will once visit $90.00 again after it reached its ATH at $200.
Stability is a must as the environment of the SOLANA it has once broke the system rules when it did not follow the Bitcoin and crypto rules due to the massive pump over time by massive hype speculative and investor.
Solanaecosystem
Solana Update 21/09/21: Potential Corrective Move back to $99Solana Update 21/09/21: Potential Corrective Move back to $99. See previous analysis below. Happy trading :)
Just 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).
Solana Idea. Big IncreaseKey area is the yellow square poised intitially above 1.618 in the first circle
Then the second yellow square is very comparable however this time it is above 2.618 in he second circle
Both can be also assumed to be at the .236 fib retracement.
Solana I expect, despite the memes, a project that will align nicely with Ethereum, a possibly act as a competitor.
~$2300
$LUNA/USDT 1h (Binance Fut.) Descending trendline break & retestterra.money is recovering pretty fast and seems to be forming a bullish flag, continuation is likely after a last dip.
At first it was only a DeFi token, now Terra has its own Ecosystem and is also part of Solana and Cosmos ones.
Current Price= 29.499
Buy Entry = 29.161 - 28.117
Take Profit= 31.473 | 34.318 | 37.732
Stop Loss= 26.363
Risk/Reward= 1:1.25 | 1:2.5 | 1:4
Expected Profit= +19.80% | +39.66% | +63.50%
Possible Loss= -15.90%
Fib. Retracement= 0.786 | 0.947 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
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).
SOLANA- At Some point There Needs to Be a CorrectionIt's the third time attempting to go short on SOLANA, one once it went well so far.
Price has soared, the Fomo is growing, the media have discovered it and everyone now knows it...
so it's time to be careful.
Check my previous idea with Tokens built on SOLANA and know that I prefer those at this stage than the SOL coin itself.
One Love,
the FXPROFESSOR
Solana Update 06/09/21: New ATH $154Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. 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 from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level).
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.
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 $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :)
Key Info on Solano:
It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
CHAINLINK 2.0This coin went up 200x from 0.5 to 100$. that's literally 200x. People are fomoing in right now and institutions who bought low will sell and take profit.
DO NOT SHORT LEVERAGE THIS!! take profit if u bought at 25-50$ u sitting with massive gains.. at worst case it could hit 150$.
usually when coins go up this much they will tank 30-50%. How do i know this well the circulating supply is high and its not like KUSAMA with low supply circulating. Look at chainlink with almost same supply it did 100x during bear market and tanked.
Its better to take profit with 10-20x and find new coin who has not pumped yet then waiting for more gains with a coin who went 200x. under 1 year.
Solana all time high, overbought state Hello everyone, as we all know the market action discounts everything :)
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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 !!
Solana The Monster
- While many of others altcoins struggled to a -75%+ while the King was falling and struggling, Solana dipped around 25$ ( -50% ).
- While others dipped on down under EMA200, Solana Took support on this EMA
- While i saw Theking make some small bounces trying to back on track, i saw Solana brutally raging.
- Of Course everything is depending on TheKing, When TheKing down altcoins are crying and die like snow under the sun, but when Theking back stronger, they shine like new stars in the galaxy.
- if you notice most of my analyses, i focused many times on Solana and Polkadot, why ? because they are ECOSYSTEMS, no matter if some coins will die with some scammy project, Ecosystems are here to stay. Solana is fast and Polkadot is huge.
Solana looks like a Nervous Formula1 waiting on Starting Blocks, and when they will release the beast, nothing will stop it.
Final conservative : TP 150$ ( +361.8% Fibo )
i will link here some of my most interesting olders SOL analyses.
Happy Tr4Ding!
Solana (SOL) : An risky Opportunity to longExpecting BTC To make a bounce from the bottom of the wedge as discussed earlier... so Solana should follow BTC As well after meeting the liquidity support area...
Sol - this could be the best scenario!🤯🤯On the SOL chart, we can see that the price has approached the $36 level several times, and at the moment it has failed to close higher. If the price continues to squeeze and trade near this level, it could mean that the price is very likely to break this level. And a good entry point could be when it breaks and tests the level as support with the targets noted above!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Solana - What's happening on the graph?Update on Solana!
After a big drop of 40%, Solana is trying to return to the value area noted above. So far it did not manage to test this area, but if it makes higher highs, tests the sell zone and the volume rises, it could be a good point to open a short position with the target indicated below!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Solana Next TrainAfter this china fud dip auto-repeat, it's time to go shopping.
no danger no glory like they said. Solana ecosystem is a monster.
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Trading Parts :
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- Buy Zone : 29-30$ (not all in!)
- Rebuy Zone : 25.15$
- TP1 : 36.5$ ( Security TP)
- TP2 : 49.5$
- No Stop loss for SOL, won't dip much, stack SOL better.
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Happy Tr4Ding !
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n.
BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts.
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Trading Parts :
- Buy Zone now 50$
- Rebuy Zone 45$ (Strong Buy there)
- TP : 68$
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Happy Tr4Ding!