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Solanausdt

DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅ Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process: 1. **Identify Weekly Resistance Levels:** - Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher. - These levels are typically points where the price reversed in the past or where it has shown a strong reaction. 2. **Confirmation:** - Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns. 3. **Monitor Price Action:** - Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum. 4. **Wait for a Reversal Signal:** - Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level. 5. **Risk Management:** - Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through. 6. **Target Profits:** - Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio. 7. **Consider Fundamental Factors:** - Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements. 8. **Practice Patience:** - Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan. 9. **Risk-Reward Ratio:** - Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success. 10. **Keep an Eye on Market Sentiment:** - Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal. Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
DLong
by Crypto-Adda_Official
#SOL/USDT Reacjed All Targets but I did this mistake!#Solana: Reflecting on a Regretful Trade 😔 I sold too early, around $42 – a common mistake when chasing market highs and lows. I've learned from past errors, especially in the last bull run, and won't repeat them. So, what's the best move? Hold onto your coins for the next 18 months. Skip the 4-hour and daily charts; focus on the weekly and monthly, zooming out for perspective. These upcoming 18 months could redefine your game. Choose the right path. If this resonates, repost and boost. Share your thoughts in the comments. #WAGMI  🚀 #SOL #solana #SolanaDeFi
Long
by Cryptorphic
1
Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX VolumeSolana's surge propels it to surpass XRP while achieving a milestone by leading Ethereum in 24-hour DEX volume. In a compelling twist of events, Solana ( CRYPTOCAP:SOL ) has soared to become the 5th top cryptocurrency by market capitalization, surpassing XRP on December 20. Over recent weeks, the bullish momentum in CRYPTOCAP:SOL ’s price has propelled it into the spotlight, posing a challenge to XRP’s position amidst choppy market conditions. Catalyst Behind The Surge Meanwhile, this surge is intricately linked to the rising popularity of the meme coin, BONK, flourishing on the Solana blockchain. So, let’s take a look into the factors behind Solana’s recent ascent and its price performance. Here’s Why Solana Poses Challenge On CRYPTOCAP:XRP The meteoric rise of Solana in the crypto hierarchy finds its roots in the success of the meme coin, BONK. Over the past weeks, the BONK price has experienced a remarkable surge, marking a substantial 80% increase in its weekly price. Meanwhile, the catalyst for this surge lies in the meme coin’s recent listings on major exchanges, including Binance and Coinbase. The support from these global platforms has catapulted $BONK into mainstream recognition, contributing significantly to Solana’s market cap ascent. In addition, Solana’s recent milestone of surpassing Ethereum’s 24-hour decentralized exchange (DEX) volume marks a pivotal moment in its journey. Solana’s proof-of-stake (PoS) blockchain has outperformed Ethereum’s chain for the first time since its launch in 2020. This achievement is attributed to several factors, including a surge in Solana Mobile purchases, substantial trading volumes associated with $BONK, and a prevailing bullish sentiment within the Solana ecosystem. As Solana continues to disrupt the crypto landscape, the industry eagerly watches its trajectory in the coming days.
COINBASE:SOLUSDLong
by DEXWireNews
🗺️Solana(SOL) Roadmap🗺️🚀Today, I want to analyze the Solana(SOL) project, which has grown more than ➕380% in the last 90 days . Does Solana continue to grow, or does it need to Rest ❗️❓ 🙏Please stay with me. 🌐In terms of Fundamentals and News/Rumors for Solana(SOL), Solana(SOL) is in good position, as: 🔸Collaboration with Amazon . 🔸Launch the Firedancer protocol . 🔸Solana's Total Value Locked ( TVL ) has grown well. ⚠️Of course, we saw the impact of all the above during these 90 days in the Solana(SOL) project chart. 🏃‍♂️Regarding Technical Analysis, Solana(SOL) is moving in the Ascending Channel for about a year, and now it is in the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and near the upper line of the ascending channel. 🌊According to the theory of Elliott waves , Solana can be associated with 2-3 scenarios , which means that the grouping of waves with each other can be done in different ways, that Solana's falling wave structure from $260 to $8 was five waves ( main wave A ), so these rising waves created by Solana can eventually continue until the All-Time High(ATH=$260) , and there will be a fall again. In fact, all these waves that have been created in Solana during one year are in the form of the main wave B should be considered. 🌊The point that I can mention about Solana waves is that Solana seems to have completed its impulse wave 5 in the last 3 months soon and needs to be corrected to grow again. 📈Before the conclusion , it is better to take a look at the SOLBTC chart. 💡SOLBTC is moving near the 🔴 Resistance zone 🔴, and according to Elliott wave theory , it seems to be completing the main wave B with a Zigzag Correction(ABC/5-3-5 ). 💡From the SOLBTC chart, we can understand that if the cryptocurrency market falls , Solana will probably suffer more than Bitcoin in the future. If the cryptocurrency market grows , Solana will grow less than Bitcoin. 🔔As a result, according to the above explanation, I expect Solana(SOL) to Fail to break the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and probably increase to around $81 at the most and then start to fall to one of the Fibonacci levels or 🟢 Support zone($30.50-$25.80) 🟢. ❗️⚠️Note⚠️❗️: If the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 is broken, I still think that Solana can increase (maximum) up to $260 , which of course, can be attractive considering the current price. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), Daily time frame ⏰. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
79
Solana Closes Gap on Ethereum with Over $16M in NFT SalesSolana emerges as a formidable threat to Ethereum’s throne as the network looks to outshine it from different angles. Solana’s incredible performance this year has positioned the project as a formidable threat to Ethereum’s reign as the network turns heads with its on-chain and trading activity.  After successfully surpassing Ethereum in on-chain activity, Solana outshines its rival in another important metric, NFT sales.  Solana Outpaces Ethereum Ethereum has ruled the NFT industry for years with its trading volume, projects, user adoption, and more. However, considering its persistent issues like network congestion and rising fees, its dominance is proving fleeting as competitors like Solana close the gap.  Following Solana’s historic run this year, registering over 800% in gains and marking record DEX volumes and network transactions, the network surpassed Ethereum in NFT sales on December 9 after hosting over $16 million.  Bitcoin and Ethereum trailed closely behind with $13.4 and $11.4 million in sales, respectively. Although Solana remained the second-largest NFT protocol at the time of writing, its trajectory signals a credible threat to Ethereum’s throne. Solana’s success in the NFT sector aligns with investors and developers slowly warming up to the network and recognizing its potential. While the network is still miles behind Ethereum when considering historical data, Solana’s uprising could signal a massive shift in the industry’s market dynamics.  Why This Matters Solana overtaking Ethereum signals a potential shift in industry dynamics. Ethereum has long been the dominant force in the NFT sector, boasting high volumes, adoption, and sales. However, Solana is slowly closing the gap and giving the network a run for its money.
COINBASE:SOLUSD
by DEXWireNews
SOLUSDT Breakout Signals Strong Bullish Momentum.SOLUSDT shows upward movement post breakout and retracement, aiming for $80 target. Alternatively a potential dip to the Fibonacci .5 level might occur, with the rebound anticipated from that point. It is essential for traders to monitor the market closely and be prepared for both bullish and bearish scenarios. SOLUSDT (4h Chart) Technical analysis SOLUSDT (4h Chart) Currently trading at $61 Buy level: Above $60 Stop loss: Below $55 TP1: $64 TP2: $68 TP3: $70 TP4: $80 Max Leverage 5x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
4
SOL - 4H bearish in the trading rangeSOL Coin Analysis: We're seeing signs of a potential drop to the bottom of the trading range for Solana coin, leading to a consolidation zone. The upward price action is less convincing than the downward movements, and Solana coin has shown resistance zone reactions. Additionally, the RSI divergence in the 4-hour timeframe further indicates a likely fall in SOL's price. Therefore, we expect a descent to at least the lower boundary of the trading range.
Short
by Sober_Trading
1