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Solanalong

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 SOlANA Technical Analysis And Trade IdeaEngaging in a meticulous examination of Solana's charts uncovers a retracement pattern from its recent high, prominently evident on the 1D and 1W timeframes, we consider a further pullback. The pivotal consideration revolves around whether this retracement will escalate to a 1W entry point, or if there's a potential for a strategic entry at a 1D retracement level. Our video delves into the SOL analysis across these time frames, identifying two possible trade opportunities grounded in market structure, price dynamics, trend analysis, and other critical aspects of technical analysis. It's crucial to emphasize that the insights presented in this content are intended strictly for educational purposes and should not be interpreted as financial advice. Participating in the cryptocurrency market inherently carries a substantial level of risk, and as such, it is imperative to judiciously integrate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these dynamic markets.
Long
by tradingwithanthony
SOL next targetsNext targets for Solana BINANCE:SOLUSDT Possible Targets and explanation idea ➡️Solana I think have a limitation for this pump till 65-81$ targets before correction ➡️Marked high of May 2021 will be like first trigger. ➡️Take profit line base on Take profit indicator exactly at M fvg ➡️Flags marked also levels for fixation profit before correction ➡️Based on Money Power indicator whales start fix step by step their positions Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
by Crypto4light
6
Solana poised to attract a million new users on Coinbase!Solana (SOL), a fast-growing blockchain platform, is anticipated to witness a significant surge in user adoption on Coinbase, and I believe it presents a unique investment opportunity worth considering. Why should you pay attention to Solana? Here are a few key factors that make it stand out: 1. Scalability and Speed: Solana's innovative architecture allows it to process thousands of transactions per second, making it one of the fastest blockchain networks in existence. This scalability is crucial for accommodating the growing demands of decentralized applications (dApps) and ensuring a smooth user experience. 2. Developer-Friendly Ecosystem: Solana offers an extensive set of developer tools and resources, empowering creators to build decentralized applications with ease. This robust ecosystem has already attracted several high-profile projects, indicating the platform's potential for long-term growth. 3. Strong Community Support: Solana has garnered a dedicated and passionate community that actively contributes to its development and expansion. This level of engagement is a positive sign, as a strong community can drive awareness, adoption, and overall value appreciation. While investing in any cryptocurrency involves risk, the potential Coinbase listing for Solana presents an opportunity to capitalize on the anticipated surge in user adoption. However, as cautious traders, it is essential to conduct thorough research and evaluate your risk tolerance before making any investment decisions. Considering the promising fundamentals and the imminent Coinbase listing, I encourage you to explore Solana further and evaluate its potential as an investment option. As always, it is crucial to diversify your portfolio and seek professional advice if needed. Feel free to reach out if you have any questions or would like to discuss this opportunity further by commenting below. Let's navigate the exciting world of cryptocurrencies together! Call-to-Action: Invest in Solana Today! Don't miss out on the potential gains that Solana's pump could bring. Consider investing in SOL and explore its potential for growth. Remember to conduct thorough research, diversify your portfolio, and make informed decisions. Together, let's seize this exciting opportunity in the crypto market! Disclaimer: This idea is for informational purposes only and should not be considered as financial advice. Always do your own research and consult with a professional before making any investment decisions. Cryptocurrencies are highly volatile, and there is a risk of loss. coinpedia.org
by bryandowningqln
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault. A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof. This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android. EoY prediction for SOL: $1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture. The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea. The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token. USD 15.54 Billion The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume. DYOR | Not financial Advice
COINBASE:SOLUSDLong
by BIG-BLACK-CRYPTO
SOLBTC '2D' - Long Range Forecast of 50% Gains!Just checking out the state of SOL at the moment - with a recent further dip down after huge losses throughout November. Are we now going to see the price bounce back a bit to touch the downward trend line that has formed? Or could we possibly break upward through this trend line? It's quite a long range forecast lasting until mid-April so there will be plenty of smaller term trades to be made within this overall trend back to historical levels of support.
Long
by theCrypster
2