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Solanaprice

#Solana Slumps 90% from Peaks, the SOL Meltdown continuesPast Performance of Solana SOL prices are crumbling in reflection of the entire state of the crypto market. Bears have been relentless, and the sell-off had a massive effect on SOL bulls. At spot rates, the coin is less than $10 from H2 2021 lows. Currently, SOL is down eight percent in the last trading day and 30 percent in the last week of trading. #Solana Technical Analysis Bears are in control, and SOL prices are trading near 2022 lows. A close above $35 would be ideal for optimistic bulls. However, at the current state and sellers doubling down, every pullback provides entries for sellers targeting $22 in a bear breakout continuation pattern. With confirmation of steep losses from early May 2022, bears are likely to fully unwind gains of the second half of 2021. Thus far, there are hints of weakness with SOL bars banding along the lower BB and diverging from the middle BB pointing to strong selling pressure and high volatility. What to Expect from #SOL? SOL is weighed down by apprehensive traders and fundamental reasons such as network failures. These could feed bears, fueling the sell-off. At the current pace, SOL prices are likely to crumble back to $22 and retest H2 2021 lows. Resistance level to watch out for: $35 Support level to watch out for: $22 Disclaimer: Opinions expressed are not investment advice. Do your research.
BINANCE:SOLUSDShort
by Bitcoin_Analyzer
Solana (SOL) to $310 in Q3-2023 (continuation 2)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern is officially broken and we have officially entered the bull market. The current trading at $109 is following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge, that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
2
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana (SOLUSD). The chart is self-explanatory. The price is in a Descending Channel and very close to the multi-month Support Line. There was a recent Death Cross (50/200 SMA cross) on the 1D Chart, which is bearish. The RSI and MFI are moving upwards on the support line. Volume is decreasing. Keep a close eye on the RSI and MFI support and resistance line. If price moves up, there may be resistances of the EMA Ribbons and Ichimoku Cloud. Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI (Money Flow Index), Descending Channel, EMA Ribbons, and 50 and 200 Simple Moving Average. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
FTX:SOLUSD
by MillionaireEconomics
3
Solana: Finally Made It 👏 Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we look forward to Solana taking off again and aiming for the resistance at $259. However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
FTX:SOLUSDLong
by MarketIntel
1
SOL predictionHi guys, Im showing you my personal prediction for solana/eur. As BTC and ETH strungle to gain more power in short term, solana is looking weak too. I suspect solana falling to 132€ level as there was previous support and fibbonaci level. After that there are two options 1. market will be really bearish and solana can fall to 110€ lvl cca (i dont think it can fall any lower) 2. solana will gain power and pull back towards upside potentially getting back on rising wedge I personally suspect 100% gain in few months after hitting 130-140€ lvl. I could be wrong so do our own research. I hope it helped. Ofc in long run SOL is going to the moon :P Best Fazol
by Fazolek
3
SOLANA will rise up in the following daysSolana will rise up, it's the best time to buy. as you can see it's now trading for around 195.25 dollars. and it's the best time to buy. also as I'm sure you have noticed, I don't like to do STOP LOSES or TAKE PROFITS when trading Crypto. because even if the price falls below, just give it time and it will rise up again. however, not like when you are doing CFD (contra for differences), then you need to make a stop loss. I really advise you now to buy and now since it's below 200 dollars. it will rise up to 250 dollars sooner. but when and how. let's leave them up to time. thanks !!
by SHYDRA777
SOL - 12h - Buyers need to hold down $125 to test $220Slowly but surely, the SOL price correction came to an important range of $125-132. Moving in a clear correction channel, the SOL price showed that sellers are not yet ready to take the global initiative into their own hands. This is noticeable both in the trading volumes, which are lower during the correction than during the growth, and in the rate of movement. If it took buyers two days to raise the price from $125 to $216, sellers went that way in 12 days. At the moment, there are two main critical points for the SOL market - these are the $125 and $ 5 mark range If you look at what trading volumes the mark of $125 has stood on September 7, it becomes clear that there is an interested buyer who will not miss the SOL price without a fight. The second important range of $175-185 played an important role during the SOL price rally from September 5th: As you can see on the chart, it was in this range that the main SOLANA sales took place. Buyers managed to raise the price above this range, but there was no more active growth in the market. Considering the high probability of a rebound in the BTC market after the $40,000 test and the low level of BTC dominance, the SOL price has a great chance of pushing the $220 mark. For this, however, we expect to see another $125 durability test. As you can see on the chart, the SOL price is moving in the global growth channel . Testing the strength of the lower trend line can be a powerful trigge r for the formation of a new wave of growth. By analyzing the SOLBTC chart we can conclude that a new local growth wave may not outgrow the global one: The correction that started in the SOL market is too weak to lay the foundation for a new rally. Therefore, globally, the SOLANA market has not yet completed its correction in our opinion, and you should be careful with long-term long positions.
by P_S_trade
50
It will alter the course of SOLANA historyHello dear solana holders. The following seven days will be crucial for price movement, because SOL will decide on trend. Here are two possibilities: First, if the price will go up, I believe we will see a +35% rise to the new ATH with a target price of $230. This might be the start of a fresh rally, but I'll take my profits slowly and not get carried away. Second, in the case of a breakdown, the price will hit the $ 125 minimum target. This option has the potential to force holders to sell more. So be extra cautious and avoid taking high risks. Take your side and make the bets. Best regards Artem Shevelev
by ArShevelev
1