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Solanalong

SOLUSDT - Will this nightmare come true?On October 22, I published this chart, and many were skeptical about what I was talking about. "I share it and u can check the link i left in attachment." Now, this scenario is highly likely, and everything is unfolding as shown in the chart below. You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided. Currently, the price has returned to the distribution zone, hitting the "failed rally point" . All of this appears to have been a trap. And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism. I’m not entirely pessimistic, but I view things from a purely logical perspective. This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic. If a close below this red zone happens, consider it a signal to exit the market entirely."
by ceciliones
15
Solana (#SOL): current situation and future prospectsSolana (#SOL): current situation and future prospects Current Price: The SOL price level remains volatile, reflecting the overall market sentiment. Trading volume: After a period of low activity, volumes are starting to gradually recover. Technical Analysis: The price is approaching key support and resistance levels. It is important to keep an eye on the areas around TSXV:XX (depends on the current price) to confirm further direction. 📈 Outlook: Solana continues to grow the ecosystem and attract new projects. Several factors could influence the future of the cryptocurrency: Fundamental potential: The Solana network is actively used in DeFi, NFT and other areas. An expanding ecosystem will keep interest in the token alive. Updates and improvements: Constant updates to the network make Solana competitive with other blockchains. Investor interest: Increased institutional interest in Solana could be a driver of price appreciation. ⚡ Trading strategy: Short-term: Given the volatility, SOL is suitable for active traders. Keep an eye on support/resistance level breakouts and trading volumes. Long-term: For investors with a 1-2 year horizon, Solana remains a promising asset, especially if the cryptocurrency market enters a growth phase.
Short
by Trade_Hive_Signals
Solana Best DCA LevelsAs an investor who likes to act with the DCA strategy, I have compiled the best buy zones for you by determining the support and resistance points for Solana on a weekly basis. I will explain why I named these buy zones in this way. $260 - $202.29 (Not Preferable): Since this level is the psychological resistance level where the previous ATH is located, I think those who have Solana in their pocket should keep it at this level. If an investor who does not have Solana in their pocket wants to buy Solana, since this level is psychological resistance, the probability of rejection and breaking is 50-50. Therefore, it is not a very suitable position for buying. In the correction that will occur in the event of a resistance break, buying would be much more logical. $202.29 - $128.16 (Good to Buy): This level has found good volume in 2024 and a side channel has been experienced. As long as the price does not fall permanently below the moving averages or the Hodrick-Prescott filter that I am currently showing on the chart, this level is a very good buy level. Investors who are especially waiting for an ATH breakout have made their preparations at this level. $128.16 - $87.79 (Cautious): Although it has been used as support twice, this level cannot be considered a perfect buy area since it is a level with relatively low volume. Therefore, it would be more accurate to expect Solana to converge to one side. $87.79 - $48.72 (Not Preferable): Probably one of the worst buy areas on the chart. Volume is almost non-existent. There is a big gap. Therefore, the price moves very sharply from $87 to $48. $48.72 - $28.26 (Good to Buy): This is the area where Solana is starting to recover. It is a good area to buy. $28.26 - $14.48 (Best Place to Buy): I don't know if this level will be seen again, but it is the level where Solana is extremely cheap. While most investors cry at this level, smart investors continue to collect Solana. Any DCA is suitable for investors who think Solana has a 4-digit intrinsic value. This analysis only indicates the best areas.
CRYPTO:SOLUSD
by YavuzAkbay
Solana (SOLUSDT): 320% Profit SecuredSOLANA LONG Trade Setup The 4-hour chart of Solana showcases a near-flawless long trade setup with incredible execution using the Risological Swing Trading indicator . Targets 1 through 3 have been hit successfully, and the price is hovering just below TP4. A stunning 320% profit at 10x leverage has already been realized for traders who capitalized on this move. Key Trade Details: Entry Price: $175.69 Stop Loss: $165.36 (well-protected downside) Profit Targets: TP1: $188.47 ✅ TP2: $209.14 ✅ TP3: $229.81 ✅ TP4: $242.59 (likely to hit soon) Insights: Bullish Momentum: Solana has been riding a robust uptrend, with consistent higher highs and higher lows, aligning perfectly with technical indicators. Precision Entry: The setup was signaled by the Risological Swing Trader, offering a high-probability trade with defined targets and minimal risk. Leverage Amplification: With 10x leverage, traders achieved an astounding 320% ROI, exemplifying the power of leveraged trades in strong market conditions. What's Next? With TP4 just a heartbeat away, Solana's momentum suggests further potential upside. Keep trailing stops tight to lock in profits and let the market dynamics play out. Bravo to all who rode this wave! 🌊🚀
Long
by ProfitsNinja
I will consider Solana around 80$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 a weekly or monthly timeframe I would consider short trade until 90-116 range. 80-95 range is crucial support zone to hold in a monthly timeframe, which means BINANCE:SOLUSDT must close a candle above 80 in a monthly timeframe. But remember we can reach 50-70 range in a weekly timeframe.
Long
by terayu
3
Solana (SOL): Will it Rebound Back to $170 or Slip Down to $150?With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead. While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure? Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June. As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is currently holding above the local support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon. Besides, the technicals suggest a notable change in the trend as the Gaussian channel just turned green, indicating the beginning of an upswing. Moreover, the price is closely ranging just below the upper bands of the channel and if they manage to break above the levels, a fresh upswing may begin. Secondly, the stochastic RSI has also reached below the lower threshold and could be preparing for a rebound, substantiating the bullish claim. Therefore, Solana’s (SOL) price continues to remain within bullish influence and hence a bullish breakout above $175 may be expected at the beginning of the second half of 2024. WHITEBIT:SOLUSDT
Long
by paul_endeo
36
Solana Stumbles at $190: Can the Rally Hold?Solana (SOL), a prominent blockchain platform known for its fast transaction speeds, faces a hurdle in its current price uptrend. Despite a 5% rally on , on-chain data suggests challenges that could hinder SOL from decisively surpassing the $190 resistance level. Let's delve into the factors contributing to this hesitation. Resistance at $190: A Psychological Barrier The $190 price point represents a significant psychological barrier for SOL. It previously acted as a support level in early 2024, but after a period of decline, it now presents resistance for the bulls trying to push the price higher. Breaking through resistance levels often requires significant buying pressure. If buyers are hesitant or lack conviction, the price can struggle to overcome this hurdle and may even fall back. On-Chain Data Paints a Mixed Picture While the price action shows a short-term upswing, on-chain data, which analyzes activity on the Solana blockchain, paints a less clear picture. Here's a breakdown of two key metrics: • Network Activity: Recent data suggests a stagnation in Solana's network activity compared to its competitors. While SOL's price rose, the number of transactions and active users haven't seen a proportional increase. This could indicate a lack of organic growth and user adoption, which are crucial factors for sustained price appreciation. • Impact of Inflationary Proposal: A proposed change to Solana's tokenomics, SIMD-0096, has sparked debate. While some argue it will increase network security, others believe it could lead to higher inflation for SOL. This uncertainty might be discouraging some investors from entering the market. External Factors Affecting SOL The broader market sentiment also plays a role in SOL's price movement. The recent approval of an Ether (ETH) exchange-traded fund (ETF) in the US may have drawn some investment away from alternative blockchains like Solana. Investors may be shifting their focus towards established players like Ethereum, potentially impacting SOL's short-term momentum. What to Watch Out For For SOL to overcome the $190 resistance and maintain an uptrend, several factors need to be monitored: • Network Activity: A significant increase in transactions and active users on the Solana network would be a positive sign, indicating organic growth and potential for further price appreciation. • Clarity on Inflationary Proposal: If the community reaches a consensus on the SIMD-0096 proposal, and its impact on inflation is well-understood, investor confidence in SOL could improve. • Overall Market Sentiment: A positive performance by the broader cryptocurrency market would create a tailwind for SOL, potentially aiding its breakout above $190. Conclusion Solana's recent price rally is encouraging, but the resistance at $190 and mixed on-chain data pose challenges. Network activity, the outcome of the inflationary proposal, and overall market sentiment will be crucial factors to watch in the coming days and weeks. If SOL can overcome these hurdles, it could pave the way for a more sustained uptrend. However, if the price falls back from $190, it may indicate a need for more fundamental developments to drive long-term growth for the Solana ecosystem.
COINBASE:SOLUSDLong
by bryandowningqln
Solana Weekly Analysis Here's the corrected version: Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one of the leading blockchains in the next few years. In the technical analysis, we observe the price starting to drop as buyers from the accumulation phase begin taking their profits. Additionally, there's market anxiety due to geopolitical tensions and rising inflation. However, this decline is healthy, as it provides an opportunity for new buyers to accumulate Solana and potentially drive it to new all-time highs. The optimal price point to buy Solana is in the sweet spot below the 50% Fibonacci level, indicating a discount area for accumulation.
COINBASE:SOLUSDLong
by Deotrade1
1
SOLANA For this year, I'm waiting again on this price 30-33$ per coin of $sol. This idea is a buy, not trading it. Buy the actual coins. We might see the 220$ liquidity grab. This is not a financial advice, this might be a boring idea, Im not interested on your other thoughts. We know this coin or other crypto is just a money making casino, so its our best options is to wait again. Me? I just bought the last dip 2022 12$ per coins. sold at 140$. Now for those long term trader. patience is a virtue here!... I scale base on the volume of this coin. Follow for more. Remember this is not a financial advice.
Long
by D1GITALTRADES
1
SOLANA 200$ INCOMINGThe idea before is shorting, but most of us is bullish. retracements on the higher demand 70-80$ as of current price demands at 105$, if price decline then the next buy op is below. I'm expecting higher for distribution. Don't be sad if price not reach, I already made some on this coin. you either leverage it or hold it. Follow for more. Trade at your own risk. This is not a financial advice. Are you shorting without confirmations? Confirmations must be added on shorting and longing leverage products.
by D1GITALTRADES
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
Winner winner Sol to pay for my Dinner!Hi All, Sol has finally broken free from it's shackles in the $130, breaking out into the late $140's before coming back to retest. As you can see there's a hidden divergence with the confluence of an inverse H&S. I expect the next area of resistance to be in the $160's. If you zoom out into the weekly you can see Sol's just broken out from a multi-month inverse H&S. If it plays out Sol' price action should move to the mid $200's without too much trouble. Cheers BB
Long
by Blockbullder