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Solanausdt

Detailed SOL Technical AnalysisLet's dive deeper into the technical analysis of the SOL/USDT chart. We will analyze each aspect of the chart in greater detail, including support and resistance levels, trend lines, moving averages, and price action. The price of SOL is currently trading at $147.76.The sol breaks its resistance level at $138.01 and now makes its support. After rejection from the trend line and resistance zone(Pink) at $167.65 - $175.42 it falls at the support zone (Green) at $113.72 – $126.94 and now bounces from here. The price has been trading on the EMA 200 (Black) is showing a bullish trend. Support and Resistance Levels Support and resistance levels are crucial in technical analysis as they indicate potential price reversal points. Support Zones (Green) $113.72 - $126.94 This level has previously acted as a strong support, where buyers have consistently stepped in to prevent the price from falling further. Support Level at $99.62 This is another critical level where buying pressure might re-emerge if the price falls below the major support. Support Zone (Yellow) at $75.11 - $79.81 This yellow zone represents a strong support area, providing a cushion if the price experiences a significant decline. Support Level at $138.01 This level is the current support. The price could retest this level. Resistance Zone (Pink) at $167.65 - $175.42 This zone indicates a significant resistance that could pose a challenge if the price moves higher. Resistance Zone (Blue) at $199.65 - $212.99 This zone marks a significant resistance area where the price previously faced strong selling pressure. Exponential Moving Averages The price is currently above the 200 EMA, which is a long-term bullish signal. The 200 EMA often acts as dynamic support or resistance, and trading above it suggests that the overall trend is positive. Descending Trend Line The trend line from the recent high indicates a downward slope, representing a resistance trend line. This trend line could act as resistance if the price approaches it again. Price Action Recent Movement Currently, the price is trading at $147.46 at the time of writing. The price has bounced off the major support zone (Green) and EMA 200. Now the price breaks out from the $138.01 level. Volume Analysis At the time of writing the trading volume is at 3.622M, indicating significant trading activity and interest at the current price level. Observations - Currently, the price breaks the $138.01 resistance level and makes it a support. - If the price holds above this level, it could trigger a bullish run towards the next resistance zone(Pink). - If the price fails to hold this support, it could fall back towards the support zone(Green). Potential Scenarios There are 2 scenarios Bullish Scenario If it holds the support level at $138.01, we could see the price targeting the next zone(Pink) and the trend line. If the bullish momentum continues and breaks above from Pink zone and the trend line, we could see the price will reach a higher resistance zone in Blue. Bearish Scenario If the price fails to hold the $138.01 support, it could fall back to the support zone in Green. If the price breakdown from the major support zone Green could lead to a further decline toward the support at $99.62 and possibly it could break down further to the next support zone in Yellow. The last zone is marked on the chart. Technical Indicators Based on technical indicators on a daily time frame The relative Strength Index (RSI) value is at 51.32 (Neutral) Momentum is at 4.45 signaling a (Buy) MACD Level (12, 26) is at -6.04 signaling (Buyl) Exponential Moving Average (50): 150.60 (Sell) Exponential Moving Average (100): 148.58 (Sell) Simple Moving Average (100): 159 (Sell) Exponential Moving Average (200): 130.40 (Sell) Ichimoku Base Line (9, 26, 52, 26): 148.80 (Neutral) Volume Weighted Moving Average (20): 141.98 (Buy) Hull Moving Average (9): 139.71 (Buy) Interpretation The oscillators are neutral, and the moving averages' strong buy signals suggest that the overall sentiment for SOL/USDT is bullish, with an expectation of upward price movement in the near term. This could be an opportune moment for traders to consider entering a buy position, while also being cautious and monitoring for any shifts in market sentiment. Conclusion The overall technical analysis for SOL/USDT suggests a neutral sentiment with mixed signals from oscillators and moving averages.
Long
by TheCryptoCity
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result: The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ). ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDShort
by CryptoCheck-
2
Solana (SOLUSDT): Buzzing towards Honey Voyage $189Join CryptoHoney Traders Kingdom on a swift expedition targeting $189. Our analysis blends technical patterns with market dynamics, suggesting a potential climb. We've spotted strong support that's been a reliable launchpad for upward trends, and with our indicators aligning, our thesis strengthens. However, we're not without caution—our stop loss at $134 is our safety net, carefully placed beneath crucial support to protect our capital. Remember, the crypto landscape is as dynamic as a hive, with movements influenced by a myriad of factors beyond the charts. Take this insight, and if it resonates with your trading philosophy, consider it a single comb in your diversified strategy hive. Trade with the wisdom of the hive mind, and let's aim for sweet returns.
Long
by The_CryptoHoney_Trader
3
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
COINBASE:SOLUSDLong
by ATTMO
🗺️Solana Roadmap🗺️📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not ❗️❓ 🤝Please be with me. ❌Solana(SOL) was unsuccessful in the first Attack on the 🔴 Resistance zone($259.9-$196.40) 🔴 to create a new All-Time High(ATH) . 🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4 . 💡Before the result, let's look at the SOLBTC chart . 💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ) . I expect SOLBTC to fall at least to the Support line , and if SOLUSDT is also bearish, the downward momentum can increase .👇 🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢 Support zone($82.00-$56.10) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
SOLUSDT$SOLANA Chart Update: Looking at the CRYPTOCAP:SOL chart, we see a very attractive and well-formed bull flag pattern. Currently, the price has reached the support level of the formation, which coincides with the Fibonacci 0.618 level. If it takes support here and rises, it would confirm the upward momentum. Targets: 1. First Target: Fibonacci 1 level at $210 2. Second Target: Fibonacci 1.272 level at $265 Let's watch closely for a bounce from this support to validate the bullish scenario! 🚀
by benjaminxbt
1
$SOL Long - Projecting Market Cap TopLOOKING AT MARKET CAPS, BETWEEN CRYPTOCAP:ETH AND $SOL. IVE BEEN SAYING CRYPTOCAP:SOL IS REPEATING CRYPTOCAP:ETH CYCLE SINCE $8 PER $SOLANA. FADE AT YOUR OWN PERIL, NFA. (SEE MY LINKED CHART CALLING FOR THE CRYPTOCAP:SOL MARKET CAP BOTTOM IN NOV 2022 AT THE BOTTOM OF THIS ANALYSIS) CRYPTOCAP:ETH 2020-2021 vs CRYPTOCAP:SOL 2024-2025 analyzing market cap of CRYPTOCAP:ETH from 2017 to 2021 with market cap of CRYPTOCAP:SOL from 2021-2025 CRYPTOCAP:ETH Market Cap topped at $145B in 2017 CRYPTOCAP:SOL Market Cap topped at $80B in 2021 CRYPTOCAP:ETH MC bottom'd at SEED_TVCODER77_ETHBTCDATA:8B in 2018 (94% drop) CRYPTOCAP:SOL MC bottom'd at SEED_TVCODER77_ETHBTCDATA:3B in 2021 (96% drop) CRYPTOCAP:ETH MC ran to $575B in 2021 (4x from 2017 Top), taking 1400 days in between highs CRYPTOCAP:SOL MC will run to ~$320B in Sep 2025 (4x from 2021 Top), taking 1400 days in between highs? will be interesting to follow, publish to accurately track ~$320B MC is ~$696.9 per CRYPTOCAP:SOL (SEE MY LINKED CHART CALLING FOR THE CRYPTOCAP:SOL MARKET CAP BOTTOM IN NOV 2022 AT THE BOTTOM OF THIS ANALYSIS) -@CryptoCurb
CRYPTOCAP:ETH
by CryptoCurb
Solana, Road to $276Solana reach a strong trendline support, and perform a symmetrical triangle pattern. If you wanna follow bullish at solana, this is the right moment to enter with short term target at $169, and if this pattern break up, my target at symmetrical triangle projection at $276.99 with 89% profit I will update this analysis if i found a new key level. thanks. Btw, there is a lot of bullish coin today, If you have any request analysis, fells free to write it at comment.
Long
by AzrulAzir
1
Solana (SOL): what's next for the coin's price?Over the past few weeks, Solana (SOL) has gained significant attention as its price continues to consolidate around crucial support lines. This consolidation follows Bitcoin’s latest struggle to validate a clear trend above the psychological mark of $70K. Amid the overall stable market sentiment, Solana has seen a mood swing in key on-chain metrics, creating possibilities of a significant move in the coming hours. Solana has reached its 20-day Exponential Moving Average (EMA) at $159 on the 4-hour chart, which is likely to serve as a significant resistance point. Buyers have been accumulating aggressively in recent hours; however, sellers are strongly defending a surge. This has resulted in a consolidation in the price chart. As of now, SOL is trading at $154, down over 6% in the last 24 hours. If the price advances past the moving averages and $162, it signals a potential resurgence by the bulls. In this scenario, the SOL/USDT pair may target a rally towards the next major resistance at the descending resistance line. If the price surpasses that level, we might see a climb toward $192. Conversely, if the price declines from the moving averages, it suggests increasing negative sentiment with traders selling during price rallies. This could drive the price down towards the solid support zone of $130-$140. A break below this threshold could result in a further decline to $100. WHITEBIT:SOLUSDT
by paul_endeo
1
Solana Searching For Direction: Will SOL Break Free Or Fall Flat Solana (SOL), the high-speed blockchain once leading the charge in the 2023 bull run, finds itself in a state of uncertainty. Over the past few days, SOL's price has been stuck in neutral territory, oscillating between $155 and $170. This stagnant price action leaves investors both cautiously optimistic and undeniably confused about the future direction of the cryptocurrency. Conflicting Technical Signals Technical indicators often used to gauge cryptocurrency price movements paint a conflicting picture for Solana. On the bearish side, the dreaded "death cross" has emerged. This ominous signal occurs when the 50-day moving average dips below the 200-day moving average, historically indicating a potential short-term price decline. However, a glimmer of hope remains. The Relative Strength Index (RSI) for SOL currently sits in neutral territory. While not a bullish sign in itself, a neutral RSI suggests some underlying buying pressure, even if it's weak. This contradicts the "death cross" and hints that a significant price drop might not be imminent. External Factors Loom Large Beyond technical indicators, external factors could significantly impact Solana's future trajectory. Regulatory decisions from governments and financial institutions remain a wild card. Stringent regulations could dampen investor confidence and hinder the growth of the entire cryptocurrency market, including Solana. Furthermore, the broader market sentiment plays a crucial role. If the overall cryptocurrency market experiences a significant correction, it's highly likely that SOL would be dragged down along with it, regardless of its own technical merits. Solana's Strengths: A Beacon of Hope? Despite the current uncertainty, Solana boasts several strengths that could propel it forward. Its blazing-fast transaction speeds and scalability have attracted developers seeking to build innovative decentralized applications (dApps) on its platform. A thriving dApp ecosystem is crucial for any blockchain's long-term success. If Solana can continue to foster a vibrant dApp developer community, it could drive increased demand for SOL, potentially leading to a price surge. Analyst Predictions: A Mixed Bag Looking ahead, analysts offer a mixed bag of predictions for Solana's price. Some, like the report from CoinCodex, project a bullish surge to $185 by July 10th. This optimistic outlook hinges on the assumption of positive developments within the Solana ecosystem. However, this bullish sentiment clashes with the bearish technical indicators and the "greed" reading on the Fear and Greed Index. A high "greed" reading can sometimes indicate an overvalued market, potentially leading to a correction. The Verdict: Wait and Watch In conclusion, Solana's current state presents a complex picture for investors. While technical indicators are sending mixed signals, the broader market environment and potential regulatory hurdles add further uncertainty. However, Solana's core strengths in speed and scalability remain attractive. The continued development of a robust dApp ecosystem could be the key to unlocking SOL's true potential. For now, investors should adopt a wait-and-watch approach, closely monitoring both technical indicators and external factors that could influence Solana's price.
COINBASE:SOLUSD
by bryandowningqln
Solana price analysisSolana is currently at $158.79 and the price is holding at support $156.94.If the price successfully holds this level we could see a bounce back to the upper level at $204.79 after that if it breaks this level we could see the price at All-Time High again. At the moment the price of sol is looking very bullish in the daily chart. If the price could not hold the support level at $156.94 we might see the price fall to the next level at $118.39. Everything is on the chart and all the levels are marked.
by TheCryptoCity
1