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Solana Update 06/09/21: New ATH $154Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :) We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :) Key Info on Solano: It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
SLong
by CryptocurrencyMagnet
2
SOL 12h Growth conditions for Solana price x3-x4 in the ideaWe have another trading pair in SOLUSDT analysis, which was voted under our "Bitcoin Weekend #17" idea Most likely, the pair SOLUSD caught the attention of traders with its non-stop growth. And really it is not a bad growth of +270% in one month. This SOL price growth reached the first target of $79 from our previous idea. Today we only stretched the fractal a bit in time from our previous idea, and why change it when everything has been working for a month already? ) We need to watch the $60-63 price zone closely now. If buyers become active in this price range, and trading volumes start to turn green and grow, it will be a good sign for the continuation of growth. The upside targets for the Solana token, according to the fractal, are $115 and $150. If the sellers push down and fix the price below $60, the SOLUSDT price is likely to head to the $42-50 price zone. The levels of $42 and $50 should be kept in mind as key levels for placing buy orders. Yes, according to this scenario, the growth will be less dynamic in the time than according to the fractal, but the targets from above for growth are unchanged: $80-115-150. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
67
💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (114.02). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SOLUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 120.00 TP2= @ 130.14 TP3= @ 142.53 TP4= @ 155.00 TP5= @ 166.72 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
7
Solana is a monster and hands down one of, if not the best netLooks like from the Week and Day charts we are going to see some slight pullback in September across the entire market including Solana which is quite normal for this time of year. Stoch RSI is showing Sol being red hot on the overbought scene, it did gain around 160% value within a week lol. I expected a big jump at this time because alot of developments/apps are releasing on the network right now. Sol is coded in Rust and the demand for Devs is super high because hardly anyone knows the language. Thats the reason Sol has been slow on app development compared to alot of other blockchains. The MACD is showing selling/bearish pressure and according to Fibonacci analyzation Sol should fall back to the $80-$90 price range before rebounding upwards to around the $140-$150 price range. Keep your eyes peeled for that buy in opportunity for the next ride up. Sol is one of the most stable cryptocurrencies I've seen to date in Price action so its a good one to keep in your wallet and hold often. Happy Trading folks! If you are interested check my Dev Project I've been working on for the last couple Months called Disco Pirates & SolSearcher at Twitter @TheDiscoPirates Its going to be a blockchain game, immersive nfts, NFT marketplace, liquidity pool, and social network that operates like a manager for performance artists/venues built on Solana. It's main purpose is to act similar to a non-profit that will help generate longterm/continuous funding for Wildlife and Ocean Conservationists that I vett personally and continuously. I'm working on getting some stuff on the twitter page right now, but as of now I'm by myself working on a multitude of things while also applying for Grants and investors. I lost my job during covid then after 6 months came back to heavily reduced hours. 4 months ago I developed a medical issue with my legs and feet that makes me unable to be on them continuously for more than 3-4 hours so I had to resign from my job. I couldn't afford my school tuition either so I decided to utilize my 24 years experience in Filmmaking, Graphic/artistic design, Web/app UI/UX, Music Composition/engineering, 3d/game design to develop an app that utilizes blockchain tech to help save the only things that have only ever brought me surreal happiness, animals and nature. I graduated High School with Art and Technology Seals, Went to film school afterwards. I ran my own media business for 3 years when I graduated. In 2008 I got my foot in at Turner Media group starting as a paid intern working in the tape room. The housing market crashed while I was going through their interview/hiring process. They told me I had the job but a week before I was to accept the final offer the Execs enacted a hiring freeze from the crash and I along with a few others did not get the jobs. So I started a Band with 2 bestfriends and toured for 5 years. a Couple years ago I started school again, this time for my Media and Design degree. My late uncle was an artist who designed the keebler elves for an agency in chicago then worked at Disney. My moms cousin, Michael Salvatori composed all the music for the Halo Games and recently partnered with Paul McCartney to compose the music for both Destiny games. My cousin is the person playing the guitar in Halo 2. Art runs in my family and I'm the real deal. So please check me out, follow my page and when the app releases please help support the cause. I'm gonna upload a banner tonight or tomorrow and post a couple of things so its not just a empty twitter page. Crypto basically saved my life over this last year and helped me stretch what little money I had and have 3x-4x longer than I ever could have without it. I absolutely love the community, its the best one I've ever come across and beyond blessed to be apart of it. Thank You Everyone, Matthias Nickerson @MoneroMasterMo
Short
by MoneroMo
2
Solana all time high, overbought state Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana reached an all-time high at 103.062 breaking all of the old resistance lines, Why is this coin doing so well for itself? and what could be behind this movement? The main reason why Solana is doing so well is that Solana has the highest per-second transaction among blockchains and the lowest transaction fees, people are realizing that by using Solana they will be saving a lot of money from transactions alone. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more. Now let's look at the technical analysis and price action for this coin : Scenario 1 : The coin price is trading at 97.437 right now almost hitting the first resistance line at 97.710, The bulls are gaining more power by each day as the market brings more cash flow and knowing that could push the price above the resistance zone from 97.710 - 101.220 which will lead into a breakout of that zone and a further push will happen leading the price to go near the 107.454 level. Scenario 2 : The market has been in the overbought state for the last 2 weeks and an RSI divergence has been found which could lead to a reversal in the market, and it will start when the Bears will push the price to the first support line at 90.750 where the main battle will happen between the Bears and Bulls and the market will move according to the winner if the Bulls were to win then we will see the price push back up to the 97.710 level again, And if the Bears wins then we could expect a second drop that's going to be headed near the second support at 87.300 or even the third support at 75.924. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI has been trading in the overbought zone since Aug 14, And a divergence has been found between the market and the indicator which could lead to a reversal in the trend. 3) The ADX is at 87.42 showing that the market is super trending right now, with a positive crossover between DI+ and DI-. Support & Resistance points : support Resistance 1) 90.750 1) 97.710 2) 87.300 2) 101.220 3) 75.924 3) 107.454 Fundamental point of view : On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged by more than 4,300% in 2021. A day later, real-time data feeder Pyth Network announced that it is going live on Solana's proof-of-stake blockchain. The firm provides "high-fidelity streaming data" from trading firms and exchanges, which allows it to cover global market activity without depending on any single data source. Pyth will use Solana's cross-chain communication protocol "Wormhole" to broadcast market data with decentralized applications functioning atop Ethereum, Binance Smart Chain, and Terra blockchains. According to Cointelegraph This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
BINANCE:SOLUSD
by GabiDahduh
4
SOL 1D Waiting for the crypto to fall? But Solana can give X up!Two months ago, we made a global idea for SOLUSDT, where we warned that another upward impulse is possible, but it will look more like a convulsion than a strong growth. And so it happened ... And then the next part of the forecast worked out and the SOLUSD price fell by -67% Let's try this time to make a forecast similarly. The May fall stopped at $19, above the liquidity zone, which is a good sign. When the BTCUSDT price updated the low on June 22, the SOLUSDT price did not repeat this maneuver, that is, theoretically, there is a strong buyer who is ready to contain the fall with his resources, so that investors do not sell out in panic. The volumes to be bought out are decent, and, accordingly, large resources were used to curb the fall. And in order to compensate for the costs, it is necessary to further push the price up to and start a strong growth. Summing up: - If the buyer does not allow the SOLUSD price to fall below $26.50, then it is worth trying to go long, since a good rally may be organized ahead. The first target is above $79-89 , and even above $115-130 - You can start to panic only when the SOL price is pushed below $20 . After that, a real price can become $12-13 for the token of the Solana project _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
27
🙀 SOLANA- first FOMO, now 55 or 49? 😱Solana has been the ALtcoin to discuss in the last few days and this is my second post on an asset that I do not hold or used to trade. The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now. Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion! I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie. Is Solana going to be a firework or am i completely wrong? Let me know but even if you don't, the market will reply to me and to you very soon. ----CHANGING MARKET CONDITIONS: Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short. Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions! One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together. So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING. One Love, the FXPROFESSOR
FTX:SOLUSDShort
by FX_Professor
9
⛳ SOLANA- Epic Run Might Lead to a Correction 🚩🚩🚩Our chart on Solana which by the way has had an EPIC RUN! Solana Hit New All-Time High Above $60. In January this year, the token was worth just $2. On the 20th of July Solana was worth 21$ Just 2 days ago, it was priced at just 45$ At this stage, a correction is more likely than a rise at higher levels, no matter what Bitcoin does next. The price would need to check the 63.83 level as support (previous resistance) before rising higher. Personally, I am short on Solana with my stop loss at 76$ and a target profit level of 59,3$ and 55$. But that is just me hedging my exposure on other cryptos which I am long on. Last Thursday, Mango markets, a high-speed, decentralized exchange powered by Solana, announced a successful $70 million crowdfunding. A week ago, the Solana Foundation launched the Wormhole update, allowing integration between different types of blockchains on its network, such as the Binance Smart Chain, non-fungible tokens (NFTs), and crypto price data. All this is great news but I really doubt that Solana will compete with Ethereum, Cardano and even Polkadot. Like the so-called “ETH killers”, such as Polkadot and Cardano, the project claims to offer a faster and more efficient alternative. For instance, Solana says it is capable of processing more than 50,000 transactions a second, rivaling Visa’s claimed 65,000 transaction messages a second (TPS). However, it currently handles 6,110 TPS, according to solanabeach.io, an information platform maintained by one of the network’s validators, Staking Facilities. I might be wrong, I might be right, this is my opinion. It's not easy to dare going short on a raging bull. Solana has been exactly that in the last days. Many people have just discovered it. FOMO costs money. Solana is a train I missed but also a train i catch a little later. 🚩🚩🚩PS. Solana's Max Supply? Unlimited 🚩🚩🚩 One Love, the FXPROFESOR
FTX:SOLUSDShort
by FX_Professor
7
Solana The Monster - While many of others altcoins struggled to a -75%+ while the King was falling and struggling, Solana dipped around 25$ ( -50% ). - While others dipped on down under EMA200, Solana Took support on this EMA - While i saw Theking make some small bounces trying to back on track, i saw Solana brutally raging. - Of Course everything is depending on TheKing, When TheKing down altcoins are crying and die like snow under the sun, but when Theking back stronger, they shine like new stars in the galaxy. - if you notice most of my analyses, i focused many times on Solana and Polkadot, why ? because they are ECOSYSTEMS, no matter if some coins will die with some scammy project, Ecosystems are here to stay. Solana is fast and Polkadot is huge. Solana looks like a Nervous Formula1 waiting on Starting Blocks, and when they will release the beast, nothing will stop it. Final conservative : TP 150$ ( +361.8% Fibo ) i will link here some of my most interesting olders SOL analyses. Happy Tr4Ding!
FTX:SOLUSDLong
by thecryer
15