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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 SOL: Drop to $215 Before Rally to 245?Solana is moving in the descending channel since end of November. It is currently is trading in the intraday range zone where we continue to see slow and choppy price action. A breakout from this range zone will result in a decisive move in the coming week. A minor pullback toward $215.21, followed by a robust recovery, would indicate that buyers are regaining control, potentially paving the way for a rally toward the resistance levels of $227.83 and $245.58 (Dashed Green Projection). If bullish momentum strengthens, this could extend gains to the next key level at $262.11, offering ample opportunities for upside continuation (Solid Green Projections). Conversely, failure to defend the $215.21 support level could expose Solana to increased bearish pressure. A decisive break below this threshold may trigger a decline toward the critical support at $197.45 (Red Projection). As Solana navigates this crucial juncture, traders should closely monitor price movements and volume dynamics to identify early signals of a breakout or reversal. Staying vigilant will be essential to capturing the next substantial market shift.
by Trade-Lean
4
SOL/BTC Cycle Analysis: Patience is Key Market Sentiment If everyone is expecting a bull market , prepare for a bear. If people think prices are going lower, it might be time to buy. SOL/BTC Chart Breakdown - SOL has shown strong recent performance, but don’t get tempted by its retrace. - The 1-week cycle is still heading down toward 20. - The best buying opportunity will come when the 3-day cycle (purple line) meets the 1-day cycle (blue line) below 20. Today is Not the Right Time to Buy SOL. Why Wait? - A 16% retrace doesn’t mean it’s time to buy. Buying just because a token dropped from its top is not a solid strategy. - The best returns come when you buy during the 3-day or 1-week cycle dips below 20. Expectations - The daily cycle has reversed, showing some upside, but... - The 3-day and 1-week cycles are still falling, signaling more consolidation time. - A big run is unlikely to start in the next few days. Be Patient. Wait for the Best Opportunity. #SOL #Crypto #Trading #CyclesAnalysis
COINBASE:SOLUSDLong
by TheStrategyMaster
7
SOL/USD "SOLANA" Crypto Market Heist Plan on Bearish Side🌟Ola! Bonjour! Hi! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the SOL/USD "SOLANA" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a trade anywhere, however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retreat. Stop Loss 🛑: Using the 2H period, the recent / nearest high level. Goal 🎯: 192.00 Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BINANCE:SOLUSDShort
by Thief_Trader
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 (SOL) Price Technical Analysis - Nov, 2024Solana SOL, priced at currently ($256.83) picked up momentum after breaking out of $249 on Nov. 21st and hit a new all-time high above $264 on Nov. 22nd, breaking from the previous high from 2021. The new all-time high is a bullish sign as it shows solid demand for the asset from the bulls. With no overhead resistance above the region now, a new high clears the path for further gains. If buyers maintain the price above $248, the SOL/USDT pair is likely to skyrocket to $300.
Long
by Bitcoin_Benny
1
Solana (SOL): 430% Gain at 10x LeverageSolana (SOL) Trade Overview: Solana (SOL) has delivered an incredible rally on the 4-hour timeframe. Using the Risological Swing Trader , the trade not only hit all predefined targets but exceeded expectations, achieving a 430% gain at 10x leverage. Key Levels: Entry Price: $175.68 Stop Loss (SL): $165.36 Take Profit Targets: TP1: $188.45 ✅ TP2: $209.10 ✅ TP3: $229.75 ✅ TP4: $242.51 ✅ Analysis: The Risological Lines perfectly highlighted a sustained bullish trend. Solana maintained its upward momentum, achieving rapid target hits. The Risological green lines provided a clear path for the trade's continuation, enabling traders to maximize their profits. Outlook: With all targets hit, Solana's trajectory remains strong. Traders may look for additional entries or secure profits as the bullish momentum shows no signs of slowing down. A well-executed trade like this emphasizes the power of Risological indicators for precision trading.
Long
by ProfitsNinja
1
Analyzing Solana's Bullish Surge: Is a $250 Rally on the Horizon Solana (SOL), the high-performance blockchain platform, has recently embarked on a significant upward trajectory, surpassing the $220 resistance level. As the cryptocurrency market continues to exhibit bullish momentum, Solana's price action suggests a potential rally to the $250 mark. Key Factors Driving Solana's Rise Several key factors are contributing to Solana's bullish sentiment: 1. Enhanced Network Performance: o Solana's robust network infrastructure, capable of processing thousands of transactions per second, has attracted developers and users alike. o Recent upgrades and optimizations have further improved network performance, reducing transaction fees and latency. 2. Growing DeFi Ecosystem: o Solana's DeFi ecosystem has witnessed substantial growth, with a diverse range of decentralized applications (dApps) emerging. o Projects like Serum, Raydium, and Orca have gained significant traction, driving demand for SOL tokens. 3. Institutional Adoption: o Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. o This growing institutional interest could lead to increased capital inflows and price appreciation. 4. Positive Market Sentiment: o The broader cryptocurrency market has been experiencing a period of bullish sentiment, with Bitcoin and Ethereum leading the charge. o This positive market sentiment has spilled over to altcoins like Solana, fueling its upward momentum. Technical Analysis: A Bullish Outlook From a technical perspective, Solana's price chart exhibits a bullish outlook: • Breakout Above $220: The recent breakout above the $220 resistance level is a significant bullish signal, indicating a potential shift in market sentiment. • Consolidation Phase: Solana's price is currently consolidating gains, which could be a precursor to a more substantial upward move. • Target Price of $250: The next major resistance level for Solana lies at $250. A successful break above this level could trigger a further rally. • Bullish Indicators: Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling1 bullish momentum. Potential Risks and Challenges While Solana's future looks promising, it's important to acknowledge potential risks and challenges: • Network Congestion: As Solana's popularity grows, network congestion could become a concern, leading to increased transaction fees and slower processing times. • Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies could impact Solana's price and adoption. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. Conclusion Solana's strong fundamentals, growing ecosystem, and positive market sentiment have positioned it for a potential rally to $250 and beyond. However, investors should exercise caution and conduct thorough research before making investment decisions. As with any investment, it's crucial to diversify your portfolio and manage risk effectively. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to consult with a qualified financial advisor2 before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
Is Solana (SOL) Poised to Reach $400 with Upcoming Breakout? Solana, the high-performance blockchain platform, has been making significant strides in the cryptocurrency market. Recent data and technical analysis suggest that SOL is poised for a significant price surge, with the potential to reach $400. Key Factors Driving Solana's Potential Breakout: 1. Network Upgrades and Scalability: o Solana has been actively working on network upgrades and scalability solutions to address the challenges faced by other blockchain platforms. o Recent improvements have significantly enhanced the network's capacity and transaction speed, making it more efficient and user-friendly. o These advancements are likely to attract more developers and users to the Solana ecosystem, driving increased demand for SOL tokens. 2. Growing DeFi Ecosystem: o Solana's DeFi ecosystem has witnessed rapid growth, with a diverse range of decentralized applications (dApps) being built on the platform. o These dApps span various sectors, including finance, gaming, and NFTs, attracting a growing user base. o As the DeFi ecosystem continues to expand, the demand for SOL tokens is likely to increase, as they are used for fees and staking. 3. Strong Community Support: o Solana has a dedicated and passionate community of developers, investors, and users. o This strong community support plays a crucial role in driving the adoption and growth of the Solana ecosystem. o Community-driven initiatives and projects contribute to the overall development and success of the platform. 4. Positive Market Sentiment: o The broader cryptocurrency market has been experiencing a positive sentiment, with Bitcoin and Ethereum leading the charge. o This positive market sentiment can spill over to other cryptocurrencies, including Solana. o As investor confidence in the cryptocurrency market grows, more capital may flow into Solana, driving up the price of SOL tokens. Technical Analysis: A Bullish Outlook Technical analysis of SOL's price chart reveals a bullish outlook. The token has formed a solid support level and is showing signs of breaking out of a consolidation phase. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also indicating bullish momentum. If Solana successfully breaks through the current resistance level, it could trigger a significant price surge. The next major price target for SOL is $400, which could be achieved in the near future. Potential Risks and Challenges: While Solana's future looks promising, it is important to acknowledge potential risks and challenges: • Network Congestion: As the network grows, it may face scalability issues, leading to increased transaction fees and slower processing times. • Regulatory Uncertainty: Changes in regulatory policies can impact the cryptocurrency market, including Solana. • Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur. Conclusion: Solana's strong fundamentals, coupled with positive market sentiment and technical analysis, suggest a bullish outlook for the token. The potential for significant price appreciation, coupled with the growing adoption of the Solana ecosystem, makes it an attractive investment opportunity for both short-term traders and long-term investors. However, as with any investment, it is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
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
Is Solana the New Bitcoin? Exploring its Stellar Rise Is Solana the New Bitcoin? Exploring its Stellar Rise in the Post-Election Rally Solana (SOL), a high-performance blockchain platform, has been making waves in the cryptocurrency market, surging past the $200 mark and outpacing even Bitcoin's recent gains. This significant price appreciation comes amidst a broader post-election market rally, fueled by optimism about the regulatory landscape and increasing institutional adoption. The Solana Surge: A Closer Look Solana's price has skyrocketed over the past week, gaining an impressive 36%. This rapid ascent has caught the attention of both retail and institutional investors, as the platform's unique features and growing ecosystem continue to attract interest. Key Factors Driving Solana's Rally: 1. Post-Election Market Optimism: The recent U.S. elections have injected a sense of optimism into the cryptocurrency market. Investors are hopeful for a more favorable regulatory environment, which could lead to increased institutional adoption and mainstream acceptance of cryptocurrencies. 2. Anticipation of Spot Solana ETFs: The potential approval of spot Solana ETFs could significantly boost the demand for SOL tokens. As more institutional investors gain exposure to Solana through ETFs, the token's price could experience further upward pressure. 3. Strong Network Performance and Ecosystem Growth: Solana's high-performance blockchain and rapidly growing ecosystem of decentralized applications (dApps) have attracted developers and users alike. The platform's ability to handle a high volume of transactions at low cost has made it a popular choice for various use cases, from DeFi to NFTs. 4. Institutional Adoption: Several institutional investors have shown interest in Solana, recognizing its potential to disrupt traditional financial systems. As more institutions allocate capital to Solana-based projects, the demand for SOL tokens is likely to increase. The Potential for Further Upside: A $600 Target A recent survey conducted by MV Global suggests that Solana's price could reach $600 during the current bull cycle. This optimistic forecast is based on several factors, including: • Strong Fundamentals: Solana's robust technology, scalability, and growing ecosystem provide a solid foundation for long-term growth. • Institutional Interest: As more institutional investors discover the benefits of Solana, the demand for SOL tokens is expected to rise. • Favorable Regulatory Environment: A supportive regulatory framework could unlock significant institutional capital and accelerate the adoption of cryptocurrencies, including Solana. • Market Sentiment: Positive market sentiment, fueled by technological advancements and economic recovery, could further propel Solana's price upwards. Conclusion Solana's recent surge to over $200 is a testament to its growing popularity and strong fundamentals. The platform's high-performance blockchain, thriving ecosystem, and increasing institutional adoption have positioned it as a major player in the cryptocurrency market. As the industry continues to mature and regulatory clarity emerges, Solana has the potential to deliver significant returns to investors. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
COINBASE:SOLUSD
by bryandowningqln
Is Solana the Next Big Contender in the Cryptocurrency Market? Solana (SOL), the high-performance blockchain platform, has surged to a 7-month high, surpassing the $200 mark. This significant price surge has ignited excitement within the cryptocurrency community, with analysts predicting a potential massive upsurge in the coming months. Key Factors Driving Solana's Rally Several factors have contributed to Solana's recent price surge: 1. Network Upgrades and Scalability: Solana has consistently focused on enhancing its network's scalability and performance. Recent upgrades have significantly improved transaction speeds and reduced fees, making it a more attractive platform for developers and users. 2. Growing DeFi Ecosystem: The Solana ecosystem has witnessed substantial growth in decentralized finance (DeFi) applications. With a growing number of DeFi protocols and projects building on Solana, the demand for SOL tokens has increased. 3. NFT Market Boom: Solana has emerged as a popular platform for non-fungible tokens (NFTs). The increasing popularity of NFT marketplaces and collections on Solana has driven demand for SOL tokens. 4. Institutional Adoption: Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. Increased institutional interest has led to significant capital inflows into the Solana ecosystem. Analysts' Predictions and Future Outlook Cryptocurrency analysts are bullish on Solana's future, citing several factors that could drive further price appreciation: • Continued Network Development: Solana's ongoing commitment to network upgrades and scalability improvements will attract more developers and users. • Expanding DeFi Ecosystem: As the DeFi ecosystem on Solana continues to grow, the demand for SOL tokens will increase. • NFT Market Growth: The NFT market on Solana is still in its early stages, and further growth in this sector could significantly boost SOL's price. • Institutional Investment: Increased institutional adoption of Solana will provide a strong foundation for long-term price growth. Technical Analysis From a technical perspective, Solana's recent price surge has broken through key resistance levels. If the current bullish momentum continues, the price could potentially reach new all-time highs. However, it's essential to consider potential risks, such as market volatility and regulatory uncertainty. Cautious Optimism While Solana's recent price surge is undoubtedly exciting, it's crucial to approach the market with a cautious optimism. Cryptocurrencies are highly volatile assets, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their risk tolerance before investing in Solana or any other cryptocurrency. Conclusion Solana's recent price surge and positive market sentiment indicate a strong bullish outlook for the platform. However, it's essential to remain vigilant and monitor market developments closely. As Solana continues to evolve and innovate, it has the potential to become a major player in the blockchain industry. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
1
SOLANA (SOL) Soars: Targets in Sight on 1-Hour Timeframe!SOLANA (SOL) Technical Analysis Summary: Solana has gained solid upward momentum on the 1-hour chart, with TP1 (178.59) already achieved and remaining targets within reach. The entry at 169.59 appears well-positioned as Solana rides high on increased user interest, now exceeding 123 million users, bolstered by the recent memecoin trend. The Risological Dotted Trendline shows strong support, indicating this upward trajectory has the potential to push further toward the following target levels: TP2: 193.16 TP3: 207.73 TP4: 216.73 Market Insight: With Solana's ecosystem expanding rapidly and user numbers skyrocketing, this rally demonstrates sustained interest and momentum, especially in the face of memecoin-driven volume increases. As excitement builds, watch for Solana to potentially achieve higher highs, breaking past each target level. Keep an eye on trendline support and overall market sentiment for cues on sustaining this rally.
Long
by ProfitsNinja
Debunking Myths: Understanding the True Potential of the Solana Solana (SOL), the high-performance blockchain platform, has recently made significant strides, breaking through the $200 barrier and surging nearly 9%. This remarkable surge has not only captivated the crypto community but has also ignited renewed interest in the Solana ecosystem and its native tokens. As Bitcoin approaches a new all-time high, the future of SOL-based tokens appears promising. The Solana Surge: A Closer Look Solana's recent price surge can be attributed to several factors: • Enhanced Network Performance: Solana has consistently improved its network performance, addressing scalability issues that have plagued other blockchains. This has led to increased adoption and usage, particularly in the decentralized finance (DeFi) and non-fungible token (NFT) sectors. • Growing DeFi Ecosystem: Solana's DeFi ecosystem has experienced exponential growth, with a diverse range of protocols and applications emerging. This expanding ecosystem has attracted a significant number of users and developers, contributing to the increased demand for SOL tokens. • Positive Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by Bitcoin's potential to reach a new all-time high, has also benefited Solana. As investors seek alternative investment opportunities, Solana's strong fundamentals and growth potential have made it an attractive choice. The Future of SOL-Based Tokens The surge in Solana's price has had a positive impact on the performance of various SOL-based tokens. These tokens, which represent a diverse range of projects and applications built on the Solana blockchain, have seen increased adoption and value appreciation. Key SOL-Based Tokens to Watch: • Serum (SRM): A decentralized exchange (DEX) built on Solana, Serum has gained significant traction due to its fast transaction speeds and low fees. As the DeFi ecosystem on Solana continues to expand, Serum is well-positioned to benefit from increased trading volume and user adoption. • Raydium (RAY): Another popular DEX on Solana, Raydium offers liquidity pools, automated market makers, and yield farming opportunities. As the demand for decentralized trading platforms grows, Raydium's innovative features and strong community support could drive its token price higher. • STEPN (GMT): A move-to-earn fitness app built on Solana, STEPN has gained immense popularity, particularly in Asia. As users earn rewards for physical activity, the demand for GMT tokens, which are essential for in-app purchases and upgrades, is likely to increase. • Orca (ORCA): A decentralized exchange and liquidity aggregator on Solana, Orca provides users with access to a wide range of trading pairs and liquidity pools. As the Solana ecosystem matures, Orca's role as a key player in the DeFi space could drive the demand for ORCA tokens. • Potential Challenges and Risks While the future of Solana and its ecosystem appears promising, it is essential to acknowledge potential challenges and risks: • Network Congestion: As the number of users and transactions on the Solana network increases, there is a risk of network congestion, which could lead to slower transaction times and higher fees. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SOL and SOL-based tokens. • Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations. Conclusion Solana's recent price surge and the growing popularity of SOL-based tokens are indicative of the increasing adoption and potential of the Solana ecosystem. As the blockchain industry continues to evolve, Solana's strong fundamentals, innovative projects, and supportive community position it as a leading player in the space. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
Long
by bryandowningqln
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC At least this conclusion can be drawn from the behavior of the assets in Q2 2024. While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months. So: 1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+ 2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70 (maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...) So, what are your expectations for the #SOLUSDC price by the end of this year?
by P_S_trade
14
SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview: Position: Long Entry: 143.38 Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26) Stop Loss: 139.39 Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move. Market Stats: Volume: 3.98M Average Volume (30D): 9.02M Performance: Weekly: +8.96% Monthly: +15.53% Year-to-date (YTD): +77.77% Annual: +451.45% Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries. This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
Long
by ProfitsNinja
$SOL wants to flyBut today I would like to focus on the Technical Analysis CRYPTOCAP:SOL perspective: - The Weekly Stoch RSI it's as oversold as it was in early January, just before the Solana bull run. - The Daily Stoch RSI it's also quite oversold pointing for a breakout - We are reaching the final squeeze momentum against the local downtrend - The $125 support has worked like magic 6 times already - In every single test we have had a flush followed by a pump of around +32% - The risk/reward looks top notch to me here
Long
by CryptoRand
2