SOLANA 80% Up potential ?SOLANA 80% Up potential ? Cup & Handle pattern + Above the average line 150 + After BITCOIN fourth crossing event. Only an idea and not a recommendation for trading!
Solanalong
SOLANA Possible to form Cup And Handle patternSOLANA being sideways for several months, but overall trend still strong bullish momentum for longterm right now. Nowadays they have chance to form " Cup and Handle " pattern to bring price to higher target price at 1.272 and 1.618 fibonacci extension.
LONG SOLANA FROM $150 - $152. The crash that took Solana to $110 was a massive ride. We have also seen the asset recovered to FIB61.8 zone and currently sitting around FIB50...
Longing from this zone will likely give RR of about 1:7 all this being equal.
lets ride this baby north.
I am bullish
I will consider Solana around 80$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.
SOLUSDT Loooong!Earlier on, I had anticipated that this crypto coin will rebound, then proceed with bullish momentum. It was still unclear how we were to achieve an entry position, which becomes clear by the day.
As for now, we can see that there is falling flag pattern formation, which IMO gives a bullish momentum confirmation. Let us see how it will complete this pattern before we have a clear entry point.
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
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.
Solana SOL Intraday Trade SetupSolana is struggling to break bullish $157, the key intraday resistance and needs support from SOLBTC chart.
A bullish break-out of $157 will offer more upside towards $169-175.
Another re-test of $150 followed by a bullish rejection and a break-out of $157 will lead to SOL price moving towards $169-175.
More details are in the signature.
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 $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one of the leading blockchains in the next few years.
In the technical analysis, we observe the price starting to drop as buyers from the accumulation phase begin taking their profits. Additionally, there's market anxiety due to geopolitical tensions and rising inflation. However, this decline is healthy, as it provides an opportunity for new buyers to accumulate Solana and potentially drive it to new all-time highs.
The optimal price point to buy Solana is in the sweet spot below the 50% Fibonacci level, indicating a discount area for accumulation.
Long SOLANA COINLong Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
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.
SOLANA BUY ALERT!! 30% - 35% Gain! (Dont miss out!)Looking for Solana to trigger the sell stop order, this mean, people who have orders below or @ that level will think "support is broken, we're bearish" when in reality, we just want take their money. I am aiming for $155 - $155.20 to buy. Best case is to enter a bit early such as $156 - $157 just to make sure you are actually in. This is to reach new highs on the recent time frame and ATH over time.
SOLANA 200$ 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.
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.
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 $200's without too much trouble.
Cheers
BB
SOLANA UPDATESThis is only my Point of view before we can go higher! first leg must have confirmation, or the 2nd leg too, First target would be the first high 126$ if price keep pushing we might see 143-166$.
This is not a financial advice, trade it or own it.
Follow for more! I dont have reason to short for now. But were heading to march month, that month would be the wild volatility if im correct.
Solana (SOL) UP UP UPAnalyzing the Solana (SOL) 1D chart, we see that the price has experienced substantial growth and is now navigating a retracement phase. The Relative Strength Index (RSI) has recently dipped from overbought levels, now floating around the mid-range, which suggests a normalization of buying pressure.
The Moving Average Convergence Divergence (MACD) histogram is decreasing in height, indicating a reduction in bullish momentum, yet the MACD line remains above the signal line which typically conveys bullish market conditions are still in play.
0.618 FIBO level often being a key area of interest as it is commonly seen as a potential reversal zone. Currently, SOL's price action is hovering around this level, and the market's response here could determine the direction of the next significant price move.
Break of Structure (BOS) and Change of Character (Choch) indicators are marked. The BOS signals are aligned with considerable price movements, which could be indicative of institutional or 'smart money' interest at these levels.
Volume Profile Visible Range (VPRV) highlights a concentration of trading activity at lower price levels, implying potential support areas if the price were to retrace further.
Traders should be wise to watch for any bullish or bearish confirmations at the 0.618 Fibonacci level as well as any further SMC signals that may dictate the strength of the current trend and potential reversal points.
$SOL LongI've been bull-posting Solana on here since $8 CRYPTOCAP:SOL , using CRYPTOCAP:ETH 2020 fractal as a 'guide'
Not stopping now
2021 CRYPTOCAP:ETH
vs
2024 CRYPTOCAP:SOL
You simply aren't bullish enough.
Support reclaim on the higher level, macro environment is ripe, my bet is on #SOL ripping throughout 2024 and into 2025.
Run it, #SOLANA ⚡️
-@CryptoCurb
Always expect a pull back to the scene of the crime. Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
SOLUSDT is Bullish now| BUY opportunity !Hello Traders, here is the full analysis.
SOL can very easily see some strong growth from this point. GOOD LUCK! Great BUY opportunity SOLUSDT. I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
SOL/USD Quickie - Target $159Bullish Flag appears to have broken into bottom of Ichimoku resistance cloud, and will likely continue upward through the top to begin a rally after breaking through the cloud, then upward to our target to complete the results of the bullish flag from the days before.
SOL 65.75 reached, now heading up . Prediction ~75.5 $ As it has reached 65.75 I predict it will head up to 75 (Yellow) or 76.5 (white)
I'll be thankful if you comment :)
SOLANA going to hit 250$ AGAIN!Hello guys
BINANCE:SOLUSDT
The gray area(24-26$) is our risk-free entry point and the possible targets are as follows in order of probability and time to reach these prices.
$48
$69
$107
$138
$168
$211
$266
$467
Be sure to have a stop loss , which for me is around 21-23 dollars.
