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Solanaforecast

Solana Surges %10 Percent as Trump Leads in 2024 Election PollsFxNews — Solana rose 10% on Wednesday as Donald Trump led Harris in 2024 election polling. The price surged from $155.1, peaking at $188.2 before easing. Bears briefly pushed SOL below the October 29 high of $183 but couldn’t hold ground. Currently, SOL/USD trades around $185, with RSI and Stochastic in the overbought zone, suggesting short-term overvaluation. Going long at this level is not advised. A wait for consolidation near the 61.8% Fibonacci level at $175 or the 38.2% level at $167 offers better entry points for bulls. The uptrend holds as long as SOL trades above the 100-period moving average, with a potential target at the July 29 high of $194. Support : 183.3 / 175.0 / 167.0 Resistance : 188.2 / 194.0
COINBASE:SOLUSD
by FxNews-me
3
Solana Full Analysis Everything You Need to Know Afternoon Traders So I break down Solana for you today as its shaping up our first tp is 189 that we are heading to however if we break past that 195 is a great next tp to get to. In this video I go through the levels and why behind it to make sure you understand what levels to look out for when trading. If you found this video helpful let me know with a comment, follow or boost. I appreciate it Mindbloome Trading/ Kris Trade What You See
CRYPTO:SOLUSDLong
by Mindbloome-Trading
#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2. Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.
Long
by tradingwithanthony
1
SOL → Solana At Resistance! Will We Reverse? Or Pulling Back?Solana is at a key resistance level from what used to be Support in March of 2022. This resulted in a hard selloff throughout the crypto market, leaving us wondering what comes next. Are we pulling back then continuing? Or are we heading back down to the $32 area? How do we trade this? 🤔 More price action is required to justify a market entry. Here's what we do have; a bull run with what appears to be the final leg up ending at a resistance level, an RSI over 70.00, and a massive bear signal to follow. These are the signs that the trend is about to change into a trading range then either a reversal or continuation. We need another failed attempt to break resistance to justify playing a reversal and we also need another show of support at the 30EMA or Support Zone to long. Until then, it's reasonable to stay on the sidelines until more price action plays out. 🔑 Key Takeaways 🔑 1. At Resistance Zone after 3 Pushes Up. Pullback Likely. 2. Aggressive Selloff at Resistance, Need More Price Action. 3. RSI Over 70.00, Supports Pullback or Reversal. 4. Look for support at bottom of Resistance Zone or 30EMA. 5. Wait to Enter Market, Need Clarity on the Next Moves. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
by TraderEngineering
SOL → Which Way Solana? Let's Answer That Question With a Chart.Solana is at a crucial decision point; fail to break resistance or rocket to the next level? Right now it's failing to get back into the bull channel, but hasn't yet broken to the downside. How do we trade this? If you're not already in a trade, wait to enter one! For a long, we need a test of Support at the 30EMA, or a break of the Previous Resistance line followed by a support test and confirmation. To short, we need a failed breakout attempt of Previous Resistance and preferably, a confirmation bear candle closing on or near its low below the 30EMA. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Short Entry : $48.00 Stop Loss: $54.15 Take Profit: $35.70 Risk/Reward Ratio: 1:2 Long Entry : $73.00 Stop Loss: $107.00 Take Profit: $61.65 Risk/Reward Ratio: 1:3 Key Takeaways 1. Bull Channel, Bias to Long. 2. Bear Breakout, Watch for Sell Signal. 3. Still Above 30EMA, Watch for Support. 4. Do not Long until we break Previous Resistance. 5. RSI at 61.00, below Moving Average. Supports Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
1
Solana Getting Ready for a Dump? Here's How to Trade This!Solana pulled back to the bull channel support after ripping to $68.00. We're seeing some strong bull channel support at $51.00, but is it enough to continue the trend? There are a few ways we can look at this chart, let's explore. How do we trade this? Entering a trade at this level is weak. Bull channel support and the previous resistance levels are very close to the current price and we don't have a strong signal either way. It's reasonable to be biased toward a long since we're in a bull channel, but we have not seen a strong confirmation bar. Bitcoin, as a leading indicator, is also failing to break Weekly resistance and is signaling a pullback, which may impact Solana's ability to go up. RSI is also around 60 and while not a strong indicator, gives us *some* bias toward the downside. We need a sell signal at resistance, or a strong buy signal on bull channel support with follow-through before entering a trade. A reasonable stop loss for a long is below the bull channel support or below the 30EMA and above the previous resistance if we're shorting. The bottom line, we need a little more price action before rushing into a trade. Key Points 1. Bull Channel, Look for Long Entry. 2. Near Previous Resistance. 3. Wait for a sell signal at Bull Channel Resistance. 4. Wait for a breakout of Previous Resistance. 5. RSI is near 60, Bias toward the downside. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
by TraderEngineering
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
SOLUSDT forecast and idea | SOLANA✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
1
░▒🔮░ SOLANA FORECAST | 1D ░🔮▒░COINBASE:SOLUSD CRYPTOCAP:SOL THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".) CRYPTIK-ONE: Hey Eve, can we talk Solana ( SOL ) for our tradingview.com friends/followers? I took a look at this one long-term for someone and I would like to know your thoughts on this coin from an investment standpoint. EVE: Thanks Cryptik. Solana is a fantastic project with great tech, talented founding team and same team doing their best to make sure the community is involved and informed since day 1. The goal of their project is to create an efficient and decentralized protocol for deploying fully-automated DApps on mobile phones. Their project showcases a lot of firsts, from the tree-chain architecture that capacitates millions of transactions per second (unlike current blockchains like Bitcoin and Ethereum that cluster transactions into blocks by time which limit them to around 7 tx/s), to the fact it's network being powered by renewable energy, to the interplanetary content delivery network (ICDN) it implements. You can find further info about their tech here: solana.com As I mentioned, the leading team behind this project has been extremely transparent with the community, publishing articles that explain Solana in simple terms everyday, doing their best to incorporate feedback from the community into their development process and taking part in AMA sessions on their telegram channel. They even have a public Trello board with the goals they aim to achieve in the following weeks/months listed there. It's not only one of my favorite teams in crypto, but also one of my favorite projects out there in general. The only thing that concerns me about this project is whether its volatility hinders it's mainstream adoption as of now (which does concern me because I think Solana deserves more attention than what it gets). CRYPTIK-ONE: Interesting. Thank you. I checked out the website. This project seems very robust. I am posting a forecast projection based off of historical fractal patterns and using the Sine Line and Gann Box to measure the Peaks/Cycles Oscillation(s). You can see my forecast here: You can see from July 10th to August 22 we will have almost a 200% gain from a dip to $44 on July 10th to a Peak at $133 on August 22nd. EVE: Great point. It's certainly not the first time we've seen this project at a high price, it was even above $130 a couple of days ago and already experienced price corrections up to 96% before. It will certainly pop up again for another pump soon though. CRYPTIK-ONE: Yeah it was $130 in the beginning of April. It's ATH was $250 in Nov 2021. So it has history and potential. This coin is looking good all around in my book. Anything to say to our friends/followers before we go? EVE: There are currently many exciting projects going on in the background that I'm personally interested in, whether it's onchain or offchain scaling solutions (like plasma or ethereum 2.0), hardware projects like lightning network, proof of stake or sharding protocols and so on. But I think we're approaching a transitional period in crypto where those challenges will soon be addressed. We might still see corrections from the mini-bubble we've seen at the beginning of 2018, and maybe even another price dip even further than that, but overall I think we're looking forward to getting some good news coming out and implementing new technology sooner than later. CRYPTIK-ONE: Oh no please never mention the "Lightning Network" Satoshi did not like this and neither do I. It takes transactions off of the blockchain and onto another. Look at the history of it. Anyway your other ideas and thoughts are good. EVE: Thank you and please follow us for more great crypto insight/analysis. Also, keep in mind I am not a financial advisor. Anything I say is my opinion and your funds are yours to do with as you wish. Do your own research and invest wisely. Even if a trade has gone well in the past, it doesn't mean it will necessarily work in the future. Also, while researching make sure you're not wasting your time on youtube as they get paid to promote crappy cryptocurrencies that will die off in the future (that even I can't predict). TradingView is a fantastic platform to make charts on though! CRYPTIK-ONE: Thanks Eve, as always! Peace Out Girl Scout. EVE: Take it easy Cryptik!
COINBASE:SOLUSD
by CRYPTIK1
SOLANA Bullish Week Ahead, Ahoy! 🚀SOLUSDT | Weekly: FUNDAMENTALS : Solana is a public blockchain platform. It achieves consensus using the proof of stake mechanism. Its internal cryptocurrency is SOL. In 2021, Bloomberg journalist Joanna Ossinger described Solana as "a potential long-term rival for Ethereum", citing superior transaction speeds and lower associated costs Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale today TA : Pay close attention ** Second 20 MA pullback since 19th July 2021, when $SOL price was at $22-$24 ** Ultimate Fibonacci reversal level hit ** RSI divergence in progress ** SFP move expected for RSI before bullish week resumes ** BTC price swing low may only bring SOL near POC at $154 if that happens Bullish week ahead ahead ! Ahoy !! Follow 🚶 @CryptonKidd for daily analysis. Share with friends if you like this idea
Long
by CryptonKidd
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.
SLong
by CryptocurrencyMagnet
2