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SOL on the edge ETF Decision & Strategic Reserve News to TriggerTechnical Analysis 1. Descending Channel The price has been consolidating within the descending channel since November, consistently bouncing off the upper and lower boundaries. A breakout above the channel would signify a bullish reversal and a possible surge toward higher resistance levels, such as $220 and $240. 2. Current Momentum The price is near the upper boundary of the channel at $204. A successful breakout accompanied by strong volume would confirm a bullish move. 3. Targets After Breakout Immediate target $220 (previous support turned resistance). Extended target $240-$280, depending on momentum and news impact. News/Event Driven Catalysts: 1. Solana ETF Decision The U.S. SEC decision on a Solana ETF within the next 8 days is a crucial factor. If approved, this would open the doors for institutional investment in Solana, significantly increasing demand and price. Historically, ETF approvals for assets have led to sharp price rallies, often breaking technical resistances. 2. Trump’s Strategic Reserve Plans The announcement that the U.S. President-elect is considering cryptocurrencies like Solana for a national reserve creates a bullish sentiment. If implemented, this could position Solana as a strategic asset in the crypto space, attracting major investors and long-term holders. 3. Market Sentiment: Positive news about an altcoin reserve and Solana’s inclusion could further amplify its status as a leading blockchain in the market, pushing prices higher. Potential Scenarios 1. Bullish Scenario (Breakout) If the SEC approves the Solana ETF and positive sentiment continues, the price is likely to break above the channel. Key levels to watch post-breakout: $220 (immediate resistance), $240, and $280. 2. Bearish Scenario (Rejection) If the ETF is rejected or market sentiment turns negative, the price might face rejection at the upper boundary of the channel. Downside levels to watch: $180 (support within the channel) and $165 (channel bottom). This chart and the accompanying news strongly indicate that Solana is at a pivotal moment. Traders should monitor the channel breakout closely and pay attention to ETF-related news and market reactions. With the potential approval of the ETF and increasing institutional interest, Solana could experience a significant rally, making it a key asset to watch in the short term.
Long
by wolfchemist
SOL Short Scalp Trade IdeaWanted to try this a little earlier, but got caught up with something. Trying this short here as I see some rejection from the 15 MIN Key Level and then possibly targeting 151.81 as the final TP. Entry Price: 154.05 SL: 155.35 TP1: 153.33 (A closer target) TP2: 151.81 Ideally I'd have loved it to retest the trend line, but since it hasn't done that, there is a small possibility that it'd do it making this a little risky which is why I have the SL a little wider. Just going to wait and watch now. Let me know your thoughts on SOLANA (SOL). Together we can make the right trades :) Happy trading!
Short
by MoneyChartz
#SOL/USDT#SOL The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it We have a major support level in green at a price of 120 We have a trend to stabilize above the moving average of 100, which supports the rise Entry price 150 First target 164 Second target 174 Third target 184
Long
by CryptoAnalystSignal
When will bullish trend of Solana end ?(Price and time analysis)Hello everyone, I hope you're all doing well. It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5. Keep in mind that both FVGs have filled out the weekly important points. I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards. (Because Solana is very Savage.) Time analysis: In the Solana dominance chart, two days are significant: - Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange. - The last day is April 13th. In summary, be cautious with your positions over these 25 days. P.S : The SOL.D chart is for yesterday. I suggest you thoroughly read the analyses linked below: USDT.D BTC.D BTCUSDT I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy. The RSI indicator also suggests a complete cycle. After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle. ....
Short
by Sadegh_Sh
12
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis: What is on the chart? (follow the steps) 1) A daily FVG that serves as a support zone. 2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand). 3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'. 4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally. 5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC). 6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level. NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around. As always, enjoy the rest of your day and happy trading!! ;)
Short
by Lexi_Is_Trading
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same. What do we see? (follow the steps) 1) The high that set the downtrend. 2) Price wicking in the daily FVG that will serve as our base ('support'). 3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too. 4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure). 5) The expected dump where BTC does too. Hopefully you enjoyed this short analysis and I wish you a lovely day! Happy trading!! ;)
BINANCE:SOLUSDShort
by Lexi_Is_Trading
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders. Chart Analysis:- This week, Solana broke the resistance at 67 and booked a 16% price increase. This allowed buyers to take it to 72 today. If bulls remain strong, then the previous resistance at 67 can turn into support, and Solana can move higher still and towards 80 next. this cryptocurrency continues to show strength and this latest breakout confirms that bulls are very much still in control. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders. Chart Analysis:- Solana continues to impress with its resilience. After a brief pullback from its resistance at $67, the price is back on an uptrend and booked a 6% increase compared to last week. This makes Solana the best performer on our list. Buyers defended the price well when it reached $50, and since then, they managed to push it to $60. Solana is well placed to move higher, challenge the current resistance, and even break it if the overall market remains bullish. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders. Chart Analysis:- Solana (SOL) was one of the notable gainers in the market on Monday, as the token climbed above the 35.00 mark. Following a low of 32.29 on Sunday, SOL/USD rose to an intraday high of $35.17 to start the week. This is the highest level the cryptocurrency has hit since November 6 last year, when the price was trading above 37.00. Solana was one of the biggest tokens to fall following the FTX fraud scandal, however, the price has made steady gains since then. Today’s surge comes as the relative strength index (RSI) rallied above a ceiling of 74.00, and now sits at 77.33. SOL remains above 35.00 as of writing, however, bulls could begin taking profits in the coming days. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563