SOL price is in danger, read it if you have SOLANA 👇Today we will consider what prospects there may be for the SOL price
Yesterday, 11/14/22, Solana's website published an extensive update on how much Solana Foundation is tied to FTX/Alameda.
We will compress this information into a few paragraphs)
Solana Foundation owns 1mn cash or equivalent in FTX accounts, noting that this is less than 1% of their capital.
That is, we assume that the liquid capital of Solana Fondathion is +/- $100mn.
- 3.24 million FTX Trading LTD ordinary shares - the value is close to zero.
- 3.43 million FTT tokens - value at the time of writing +/- $7mn.
- 134.54 million SRM tokens from DEX Project Serum, which Samuel Banckman-Fried created on the basis of Solana in 2020. - value +/- $37mn
FTX and its cryptocurrency trading subsidiary Alameda Research (also co-founded by Bankman-Fried) have purchased more than 50.5 million SOL, which is currently valued at approximately $750 million. However, a significant portion of these SOLs is locked and have a monthly unlocking schedule that is scheduled until 2028.
Solana Labs, the company that represents the founders and major contributors to the Solana network, has also sold over 7.56 million SOL (worth about $112 million) to Alameda Research. All these tokens will be unlocked for trading in 2025.
Earlier, the CEO stated that Solana Labs was not affected by the FTX crash and has no assets on the exchange.
But the market is not fooled , and Japanese candlesticks show the mood of market participants rather than indicators. The price of SOLUSDT fell by -57% over the past week, while the price of BTC or ETH fell by -20%
Now the SOLUSD price has come to a very critical point.
If Solana finds additional capital, it will probably try to push the SOL price at least to $40-50. That is, the blue scenario can be considered very positive and unlikely, analyzing the current realities.
It is described above how closely SOLANA is related to FTX and its derivatives, so the price of SOL will react very strongly to any news related to FTX.
Below $13 there is no liquidity for SOL and a drop to $2-4 is likely - this is a very pessimistic forecast, but in the current realities it is quite likely.
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Solanausd
Is SOL Solana the new LUNA ???The head and shoulders bearish chart pattern reached its target:
Solana was halted today!
A known bug relating to durable nonces was triggered on a majority of validators,
It hadn't been triggered in this form previously!
That lead to a block hash mismatch and validators stalling!
I think we are going to see more attacks on weak blockchains and stablecoins.
I wouldn`t be surprised to see SOL Solana going even lower!
Looking forward to read your opinion about it.
Soon will be a strong movement of SOLANA SOL price, but where ?The downtrend on the SOLUSDT price chart lasts exactly one year
The maximum in November 2021 was $260, and the minimum in June 2022 was $26. Painful 10-fold depreciation of SOL in just a year
For the last 4 months, the SOLUSD price has been in a long consolidation in the liquidity zone as in 2021. The exit from consolidation will be impulsive, strong and with a large %% value.
Fixing the SOLUSDT price above $31 will most likely give a good upward movement to $59 and $79
Fixing the price below $26-26.5 may provoke a depreciation of SOLANA by another -50%.
The culmination is coming soon - wait for it and jump on the side of the stronger ones.
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Solana SOL: Bad Days AheadHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana ( SOLUSD ).
The chart is self-explanatory. With the crypto market going through a correction, Solana may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume .
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas 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
Solana 2024 Mission- i am not really a pure fan of Solana because despites what they say " Solana is purely centralized by their own developers "
- that said they have liquidiy, nfts, some use cases, and well it's pretty fast and cheap fees ( when their blockchain works...)
- Everything is in chart.
- check older analysis here :
- Where will you be when SOL will take off ?
- Feel free to comment wisely and don't forget everything is purely speculative, so take it easy.
Happy Tr4Ding!
Solana Analyze (Short Term, Timeframe 15min,11/07/2022)!!!Solana was able to complete wave 4 on PRZ(Price Reversal Zone), while the wave was an extended wave.
I expect Solana will go down at least to the support line.
Solana Analyze Analyze ( SOLUSDT ) Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SOLANA and Mass Adoption drive the coinBINANCE:SOLUSDT
Solana make a partnership with Google Cloud and in next year we probably can see a digital EURO based on Solana blockchain
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️This is a global chart. Downtrend line broke and 22 August wee saw retest on D1
➡️Long time period in accumulation zone -0.27 zone by fib usually investments area
➡️In case if SOL capitulate by my opinion last stage for SOL is 19-17 yearly support zone
➡️Strong signal to buy on Direction indicator confirmed
➡️Not sure in middle term if Sol will break previews ATH so minimal target where you can take a profit is 160-168$ per Sol
➡️Mass Adoption for next bull run can push price higher for SOL but remember - the big investors bought this coin on pre sale at 0.20 cents!
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"!
SOLUSDT ShortAccording to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H).
I am anticipating the price will break out of the smaller timeframe channel, retest it, then break out of the larger channel retest it then maybe continue with the bearish momentum. My target is 22.0, which is a major support zone of this coin. So, for the next few days/weeks, let us monitor the price, wait for it to break out, and retest the zones so as to place our trades.
Entry price @32.0, Stop Loss @37.0, Tp1 @27.0, and Tp2 @22.0.
Remember, only risk 1-2 % of your account.
Solana (SOL) needs one more leg downHello, everyone!
Let’s continue to analyze altcoins. Today’s our guest is Solana. This altcoin is not on the bottom, but it needs just another one leg down.
Let’s take a look at the 1D timeframe of SOLUSDT of the WhiteBit exchange. First of all I want you to bring your attention to the confirmed bullish divergence with the MACD. But this signal is not valid for me because I want to wait the global lower low, not the local one. I predict the bottom at $24.5. Of course it is the approximate target, we have to observe the market and wait for the confirmation of the insane long. The current picture is super bearish. The price broke down the Fibonacci Golden pocket and faced with the multiple rejection. It means that the start of the impulse will be broken down. If I am right we will see $24.5 very soon.
Best regards, Ivan
SOLANA SHORTERM SCENARIO Hi guys, After solana Restart the network, still maintenance lower high and keep the uptrend move. i think in a shorterm this week at first month in october solana will reach
37$ Again if can sustain in a raging area (Green Area). If Can't sustain, solana will going to 25$. So if you solana holder.. please prepare for the worst. Becuase we all know. Uncertainly in this situation make a trader or investor confused. so don't be greedy. cheers.
Solana Analyze (Road Map)(update)!!!🗺️First, let's take a look at the previous analyzes of Solana👇
Solana seems to be doing 😎well😎 on my waves.
Currently, Solana is above the descending channel, and at the same time, it has managed to form a Bearish Engulfing Pattern in this area. I expect this decline to continue until the targets I specified in the chart.
Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SOLANA PERSONAL ANALYSIS IN THE LONG TERM (EVENTUAL REJECTION!)The total evaluation for the Solana asset is bearish. Please be mindful that such price movements are subject towards closely to the US Indexes as well as any other major fundamentals in the economy. The SP500 and the NASDAQ are very close to their monthly resistances trendline and have a huge potential to breakdown even further. We can only push as far as 45$ in this degree with BTC having a maximum push towards 24,200$ -- no more than that I'm afraid. If for example we did have prices above 24,200 -- this is supported with low volume and bearish divergences which cannot be maintained overtime.
My suggestion and recommendation is to long for the short term only to consider short ultimately at a respectable end. I see a macro-consolidation for Solana with continuous lower highs and higher lows, risk management is crucial.
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SOLUSDT 1D "Double bottom" or "Adam and Eve", SOL target $79-80A "Double bottom" or "Adam and Eve" trend reversal pattern is most likely formed on the SOLUSDT chart
So far, all the necessary conditions have been met:
- the first peak is sharp, with spikes and high volumes
- the second peak has a U-shaped shape with low volumes
In order to continue working out this pattern, the SOLUSD price requires:
1. Get a foothold at the top part of a global descending channel that has been going on for almost a year now
2. Break through and consolidate above $50 per SOL
3. On high volumes, break through the upper border of the global falling channel and reach the goal in the form of a strong mirror level in the area of $79-80 per SOLANA token
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Solana Analyze (Road Map)(update)!!!🗺️Solana moved as I expected in my previous Idea👇✅.
Finally, Solana broke the support line to verify the end of the main wave 4 at the top of the descending channel.
I expect that Solana will go down at least to the last Bottom, even probably it will touch zones where I specified in my chart about the end of main wave 5.
Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)Noodle party? Well not exactly, its a solana chart spilling spaghetti everywhere! The total evaluation for this asset is extremely bearish and I could not even begin to become so engrossed in bear costumes all year round because who could possibly blame us? The cycle has ended just as it has always ended in previous cycles -- it almost always returns to where it started and considering how we just got resisted from the SP500 and NASDAQ on a monthly resistance trendline (you can check this out in my profile) , there's no guarantee that the current supports that HELD us in a bull market will even be strong enough in a bearmarket.
The SOLANA chart has now been confirmed with a bearflag that we had been suspecting from since we dropped here in this range for months, a validated bearflag WILL create lower lows and its much stronger in a bear market obviously and especially in a macro-time frame (4H, 8H, 12 H, 1D, 1W).
Never underestimate panic selling, always be mindful of your risks and make sure to enlighten yourself everyday with what is happening around the world so that maybe one day, huge positive fundamentals or catalysts would support
a possible reversal towards our brand new all time high.
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