SOLANA Is this correction a buy opportunity??Solana (SOLUSD) is on a 5-day pull-back, along with the majority of the crypto market. It is still above both the 1D MA50 (blue trend-line) as well as the 1D MA200 (orange trend-line) coming strong off a 1D Golden Cross. Is this correction, however, a buy opportunity?
Well the last time SOL formed a Golden Cross on the 1D time-frame was exactly 1 year ago (October 22 2023), after coming out of a similar (blue) Channel Down and that initiated the massive October 2023 - March 2024 rally. That rally hit all Fibonacci extensions of the Channel Down successively (2.0, 3.0, 4.0) and consolidated on all of them. Even the 1D RSI sequences between those fractals are similar.
As a result, we expect Solana to hit $315 (Target 1), $515 (Target 2) and $830 (Target 3) within a 4 month horizon.
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SOLUSD
SOLANA $SOLUSD should continue rally after pullback endsSolana COINBASE:SOLUSD already confirmed bullish sequence by confirming higher high above March-2024 high. Since August-2024 low, it ended 3 of (3) at last peak and expect pullback in 4, which soon will end before it should continue rally in 5 of (3).
SOL to mooooon 500$📌SOLANA signal:
Signal 1: Bullish Confirmation with Key Breakout 🚀
Solana has showcased a strong first pump followed by consolidation and another breakout at the second move. The chart suggests the potential for continuation to higher levels. A critical pullback entry zone lies between $235–$237, offering a safer opportunity for buyers to join the trend. Targeting $270 and beyond is now a bullish outlook! 🎯
Signal 2: Target Open Beyond $270 💰
The breakout above $270 could signal the next leg up toward the $500 target. Current price action suggests a healthy pullback structure, aligning with the big pump setup. Keep your stop-loss tight around $212–$222 to protect against market volatility. 📈✨
🔥 Plan your entries carefully and ride the wave toward $500! 🚀
For now SOLUSD is retesting invh&s neckline as precise supportA good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least the monthly candle body can maintain this neckline as support, but we will find out soon enough. *not financial advice*
#SOL/USDT Ready to take off upwards#SOL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 244
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 254
First target 261
Second target 269
Third target 278
Why is SOLANA expected to reach $300 soon?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA, 📚💡
In addressing the query posed in the heading, Solana has demonstrated a consistent ability to outperform Ethereum in numerous key performance metrics over the past few months. This is further complemented by its highly proficient development team, which has implemented several strategic updates, positioning Solana at the forefront of blockchain technology with state-of-the-art innovations. 📚🎇
Given the project's robust fundamentals, a price target of $300, along with an anticipated 17% price appreciation, appears well within reach. 📚🐋
Moreover, the technical analysis corroborates this optimistic projection, reinforcing the likelihood of continued upward momentum. 📚✨
🧨 Our team's main opinion is Solana has outperformed Ethereum, backed by strategic updates, a strong development team, and solid fundamentals, with a $300 price target and 17% increase expected, supported by technical analysis. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SOLUSDT Market Structure Update👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
SOLUSDT for session trade (a couple of Hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
Next Long entry after retracement in any session.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
SOLUSDT Bullish Flag PatternSOLUSDT Technical analysis update
SOLUSDT has been forming a bullish flag pattern over the last 230 days. The price is now moving toward the flag resistance line for a potential breakout. Once the breakout occurs, we can expect a price move of 50% to 150%. Additionally, the price is trading above the 100 and 200 EMA on the daily chart.
Buy level: After confirmation of the breakout from the flag pattern.
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
Solana (SOL) Price Technical Analysis - Nov, 2024Solana SOL, priced at currently ($256.83) picked up momentum after breaking out of $249 on Nov. 21st and hit a new all-time high above $264 on Nov. 22nd, breaking from the previous high from 2021.
The new all-time high is a bullish sign as it shows solid demand for the asset from the bulls. With no overhead resistance above the region now, a new high clears the path for further gains. If buyers maintain the price above $248, the SOL/USDT pair is likely to skyrocket to $300.
SOL looks bullish againsol seems to have completed a diametric correction as the g wave is dwarfed another bullish trend is expected to form.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Solana (SOL): 430% Gain at 10x LeverageSolana (SOL) Trade Overview:
Solana (SOL) has delivered an incredible rally on the 4-hour timeframe. Using the Risological Swing Trader , the trade not only hit all predefined targets but exceeded expectations, achieving a 430% gain at 10x leverage.
Key Levels:
Entry Price: $175.68
Stop Loss (SL): $165.36
Take Profit Targets:
TP1: $188.45 ✅
TP2: $209.10 ✅
TP3: $229.75 ✅
TP4: $242.51 ✅
Analysis:
The Risological Lines perfectly highlighted a sustained bullish trend. Solana maintained its upward momentum, achieving rapid target hits. The Risological green lines provided a clear path for the trade's continuation, enabling traders to maximize their profits.
Outlook:
With all targets hit, Solana's trajectory remains strong. Traders may look for additional entries or secure profits as the bullish momentum shows no signs of slowing down. A well-executed trade like this emphasizes the power of Risological indicators for precision trading.
SOLUSDT: Bullish Momentum Building for a Potential All-Time HighSOLUSDT is demonstrating strong bullish potential after bouncing off a key support zone and breaking through a descending trendline. This breakout suggests a shift in momentum, indicating that we could see a significant upward movement in the near future. With the price gaining traction, traders should monitor the market for opportunities to enter positions as SOLUSDT approaches recent resistance levels.
To capitalize on this potential uptrend, consider placing entries on confirmed breakouts while managing risk with stop losses below the recent swing low. As bullish indicators align, the prospect of SOLUSDT reaching new all-time highs becomes increasingly likely. Stay vigilant, as this may be the beginning of an exciting phase for SOLUSDT traders!
SOLUSDT Currently trading at $146
Buy level: Above $146
Stop loss: Below $135
TP1: $152
TP2: $160
TP3: $175
TP4: $195
Max Leverage 3x
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Understanding Solana: The Potential for Continued GrowthSolana's native cryptocurrency, SOL, has recently hit a new all-time high, sparking excitement and speculation among investors. This surge in price can be attributed to several factors, including the broader cryptocurrency market rally, increased institutional interest, and the growing popularity of Solana's blockchain network.
The Memecoin Mania Factor
One of the key drivers behind Solana's recent price surge has been the memecoin mania that has swept the cryptocurrency market. Solana has emerged as a popular platform for launching new memecoins, attracting significant trading volume and investor interest. The rapid growth of the memecoin ecosystem on Solana has led to increased demand for SOL, the network's native token.
Bitcoin's Influence
Bitcoin's recent price rally has also had a positive impact on Solana. As the dominant cryptocurrency, Bitcoin often sets the tone for the broader market. When Bitcoin's price rises, it tends to lift the prices of other cryptocurrencies, including Solana. This correlation between Bitcoin and Solana has contributed to SOL's recent upward momentum.
Increased Institutional Interest
Another factor driving Solana's price surge is the increasing interest from institutional investors. Many large financial institutions are now exploring opportunities in the cryptocurrency market, and Solana has emerged as a promising platform for building decentralized applications (dApps). Institutional investors' growing adoption of Solana could lead to further price appreciation in the long term.
Solana's Unique Value Proposition
Solana's unique value proposition, including its high throughput, low transaction fees, and fast block times, has attracted a significant developer community. The growing number of dApps being built on the Solana network has increased the demand for SOL, as it is used to pay transaction fees.
Potential Challenges and Risks
While Solana's future looks promising, it is important to acknowledge that the cryptocurrency market is highly volatile and subject to significant price swings. Several factors could potentially impact Solana's price, including regulatory uncertainty, network congestion, and competition from other blockchain platforms.
Additionally, the recent surge in Solana's price has raised concerns about the sustainability of its momentum. Some analysts believe that the current price levels may not be justified by the underlying fundamentals of the network. As such, investors should exercise caution and conduct thorough research before investing in Solana.
Conclusion
Solana's recent price surge has been impressive, but it is important to approach the future with a balanced perspective. While the long-term potential of Solana is significant, short-term price fluctuations are inevitable. Investors should focus on the underlying technology and the long-term growth prospects of the Solana ecosystem, rather than short-term price movements.
As Solana continues to attract developers, users, and institutional investors, it is likely to remain a major player in the cryptocurrency market. However, it is essential to manage risk and diversify investments to mitigate potential losses.
SOL / USD ConsolidationNeutral consolidation for a week heading into major economic data. Any sort of risk-on response from the overall market could lead to significant upside. However a breakdown could flush out a lot of bulls in quick fashion.
Upwards price targets of: 151, 158, 163, and 184+
Downwards price targets: 134, 110, 104
SOLANA ATH is near Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA, 📚💣
The trading volume I am currently observing for this stock in the market is unparalleled compared to other coins or equities. This exceptional volume alone sets the stage for a potential explosive price movement toward significantly higher targets. 📚💡
Analyzing the chart, we have a primary scenario that features a period of temporary range-bound candles, underpinned by Fibonacci-based support levels. This setup clearly delineates the anticipated price trajectory in a simplified manner. 📚🙌
Should the primary scenario not hold, the price is expected to rebound upward from a lower Fibonacci indicator support level. 📚🎇
In essence, these support zones can be likened to invisible springs, poised to propel the price upward upon contact, reinforcing the upward momentum and potentially driving significant gains. 📚✌
🧨 Our team's main opinion is The exceptional trading volume in this stock suggests a potential explosive price surge, supported by Fibonacci levels that act like invisible springs, driving upward momentum. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
#SOL/USDT Ready to go up#SOL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 230
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 236
First target 242
Second target 248
Third target 254