Solana Surges %10 Percent as Trump Leads in 2024 Election PollsFxNews — Solana rose 10% on Wednesday as Donald Trump led Harris in 2024 election polling. The price surged from $155.1, peaking at $188.2 before easing. Bears briefly pushed SOL below the October 29 high of $183 but couldn’t hold ground.
Currently, SOL/USD trades around $185, with RSI and Stochastic in the overbought zone, suggesting short-term overvaluation. Going long at this level is not advised. A wait for consolidation near the 61.8% Fibonacci level at $175 or the 38.2% level at $167 offers better entry points for bulls.
The uptrend holds as long as SOL trades above the 100-period moving average, with a potential target at the July 29 high of $194.
Support : 183.3 / 175.0 / 167.0
Resistance : 188.2 / 194.0
Soldusd
Solana Technical AnalysisFxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50.
The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00.
Please note that a close above the immediate resistance would invalidate the bearish scenario.
Solana: Still heading to 105$Solana completed five primary waves up, from $22 to $215$, with the fifth primary wave being the extended one. When it is the case, Robert Pretcher says the price tend to correct to the bottom of the second secondary wave (see orange line level). From the peak of $215 to a local bottom of $135, Solana finished a primary wave A. Price bounced from $135 to $170 as a counter trend primary wave B, which was indeed a big bull trap. Solana is now forming its primary wave C that should take the price all the way down to $105. So far, it appears it has completed secondary wave 1 and 2 of primary C and we are going tonight with the secondary wave 3, this means we should plunge hard, possibly on the news that Evergrande is going to default on its debt payments.
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n.
BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts.
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Trading Parts :
- Buy Zone now 50$
- Rebuy Zone 45$ (Strong Buy there)
- TP : 68$
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Happy Tr4Ding!