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SOLUSD

SOL Ascending Wedge / Weekly Chart As you can see, the Solana price has been forming an ascending wedge formation since May 2022. This is a really long-term ascending wedge that has been going on for over two years. So it seems likely that it will continue to work. What Awaits Us? When we look carefully at the weekly candle contacts, we can say that the candle contacts in the lower and upper regions of the formation are successful. In the last 5 months, the upper region of the formation continues to work as resistance and there are 2 clear retest contacts after the $210 region. After the second retest contact, the price gave a voluminous red candle and then gave a doji candle. With these, the probability of advancing to the lower region of the formation in the coming period seems higher for now. The lower region shows the range of $67 - $72.
KRAKEN:SOLUSDShort
by huecoshunter
2
Solana (SOL) Long-Term Investment AnalysisAs of the latest data, Solana (SOL) is trading at $179.07, having experienced a 3.49% increase over the last day. This places SOL in a dynamic position within the top five cryptocurrencies by market cap, currently valued at approximately $83 billion. Technical Analysis 1. Price Trends and Resistance Levels: • All-Time High (ATH): SOL’s ATH stands at $260. This level represents a significant resistance point as it’s the highest price SOL has ever reached. • Dynamic Resistance: The downward sloping red trendline indicates a dynamic resistance level, currently positioned just below the ATH, at around $240. This line has historically acted as a barrier to upward price movements. • Local Resistance: There is another resistance level marked around the $180 range, where SOL is currently hovering. Breaking through this level decisively could signal further upward momentum. 2. Support Levels: • Dynamic Support: A green upward sloping trendline suggests a dynamic support level that has been tested multiple times, currently around $120. This line indicates a rising support base for SOL, suggesting a bullish trend over the longer term. 3. Technical Indicators: • The trading volume is 2.209 million SOL, which shows active trading interest and liquidity. • With %K at 88.10 and %D at 84.06, the stochastic oscillator is in the overbought territory, indicating potential short-term pullback or consolidation before any further upward movement. • The RSI stands at 64.01, suggesting that SOL is approaching overbought conditions but still has room for growth. • The MACD line (9.18) is above the signal line (5.90), with a positive histogram value (3.29), indicating bullish momentum. Fundamental Analysis 1. Market Position and Adoption: Solana has gained significant traction due to its high throughput, low transaction costs, and strong ecosystem growth. It is now recognized as a major player in the DeFi, NFT, and Web3 spaces. Recent developments and partnerships continue to bolster its fundamental strength. 2. Technological Advancements: Solana’s unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), offers scalability solutions that rival those of other major blockchains like Ethereum. This technological edge contributes to its long-term growth potential. 3. Ecosystem Growth: The Solana ecosystem has seen exponential growth in terms of dApps, DeFi projects, and NFT marketplaces. The continued influx of developers and projects onto the Solana platform supports its sustainable growth trajectory. Market Sentiment Overall market sentiment for SOL remains bullish. Analysts and investors are optimistic about its long-term potential due to its technological advantages and growing ecosystem. However, caution is advised due to the overbought conditions indicated by the stochastic oscillator and RSI. Potential Market Scenarios Bullish Scenario: • If SOL breaks above the local resistance at $180 decisively, it could target the dynamic resistance around $240 next. • A sustained move above $240 could open the path toward retesting the ATH of $260 and potentially beyond. Bearish Scenario: • Failure to maintain the $180 level could lead to a pullback towards the dynamic support around $120. • Breaking below $120 would be a bearish signal, potentially leading to further declines towards lower support levels. When to Buy Solana (SOL) for Long-Term Investment Current Situation: Given SOL’s current price at $179.07 and the technical indicators suggesting overbought conditions, a cautious approach is warranted. Optimal Buying Strategy: 1. Wait for a Pullback: Considering the overbought stochastic oscillator and RSI, waiting for a pullback towards the $150-$160 range could offer a better entry point. This range has shown to be a recent consolidation area and might present a more favorable risk-reward ratio. 2. Dynamic Support Level: If the price drops further, the dynamic support around $120 is a strong level to consider for long-term investment. Historically, SOL has found significant buying interest at this level, making it a safer entry point. 3. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips. Conclusion and Market Outlook Solana (SOL) is currently positioned in a strong uptrend with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the long-term outlook remains positive due to strong fundamentals and ecosystem growth. Impact of Bitcoin’s Movement: It’s crucial to note that Bitcoin (BTC) is currently at a critical juncture. If Bitcoin fails to surpass its all-time high (ATH) and experiences a significant drop, it could have a ripple effect on the broader cryptocurrency market, including Solana. In such a scenario, SOL could also face downward pressure, making it vital to monitor Bitcoin’s price action closely.
by MonoCoinSignal
4
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
Second big shortAnalyst AhmadArz📊 🕹 Price Action: The chart shows a recent drop followed by a retracement, indicating a potential continuation of the downtrend. The price currently sits below a significant resistance level around 184.93 USDT, which has previously acted as a barrier to further upward movement. ▶️Entry : 165.94 USDT 🔴Stop Loss (SL): 174.87 USDT 🎯 Target Points (TP): Four target points are marked on the chart: - TP1: 158.45 USDT - TP2: 150.62 USDT - TP3: 140.21 USDT - TP4: 130.04 USDT These targets are aligned with the expectation that the price will continue to drop, offering potential profit-taking opportunities at each level. 🚨 Risk/Reward Zones: The red zone above the current price represents the potential loss area if the trade moves against the anticipated direction, signaling where a stop-loss might be placed. The grey zone indicates the profit area, showing the expected price levels where the trader might consider exiting the position to secure gains. 🔍Simple: Loss or Profit: This annotation underscores the straightforward nature of the trading signal—either the trade will hit the stop-loss and result in a loss, or it will reach one of the target points, leading to a profit. The overall sentiment in the chart points to a cautious but calculated bearish strategy, aiming to capitalize on the expected downward movement in the SOL/USDT pair. Thank for boost this idea.🙏✨
Short
by ahmadarz
3
SOLUSDT Set to Break ATH, Watch for Big Up move.SOLUSDT is demonstrating strong bullish momentum as it advances towards its all-time high (ATH), having recently broken through key resistance levels. With the current trajectory suggesting a potential surge, traders can expect a significant upward movement that may surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to safeguard your investments against unexpected market fluctuations. SOLUSDT (1D Chart) Technical analysis SOLUSDT (1D Chart) Currently trading at $193 Buy level: Above $188 Stop loss: Below $165 TP1: $200 TP2: $215 TP3: $230 TP4: $260 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Solana: The High-Performance Challenger to Ethereum Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike. One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming. Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory. Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance. Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana. However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing. In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
#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
Is money moving from Ethereum to Solana?Solana quoted in Ether is in a decisive region. It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap. It is interesting to note that Solana's TVL¹ is still 9% of Ethereum . We obtain this number by dividing the TVL's. So the chart shows a break above the 2021 all-time high, when it was 8.64%: However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down. ¹ Total Value Locked: total value of assets that are locked in a DeFi protocol through smart contracts
by andre_007
1
SOL - Reversal Trade#SOL/USDT #Analysis Description --------------------------------------------------------------- + The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH). + There is a favorable trading opportunity from the current support zone up to the resistance level. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 143.79 Stop Loss: 106.86 ------------------------------ Target 1: 160.52 Target 2: 172.89 Target 3: 194.87 Target 4: 233.20 ------------------------------ Timeframe: 3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOL/USDT NEW INCREASE VOLUMESOL/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Long
by SatochiTrader
SOL maintaining an upward trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point. Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62). - (1W chart) We need to check if it can continue the upward trend along the upward trend line. If not, 1st: 0.5 (98.71) ~ 0.618 (119.71) 2nd: 0.236 (51.71) ~ 0.382 (77.70) You need to check the support near the 1st and 2nd above. - (1D chart) Unlike most other coins, it is one of the coins that is maintaining an upward trend. Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave. - A new buy zone is possible when support is confirmed near 134.96-147.74. If it rises, the 168.41-179.89 zone will be the first sell zone. Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds. The stop loss point is 112.24. Since the stop loss point is far away, investment weight adjustment is necessary. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target? Understanding the Falling Wedge A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal. If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof. Factors Influencing Solana's Recovery Several factors will determine whether Solana can achieve its $170 target. • Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery. • Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens. • Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm. • Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price. Challenges Ahead While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share. Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices. Conclusion The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively. Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
SOLANA to FLIP ETHEREUM scenarioThis is the market cap of SOL divided by the market cap of ETH It's important to look at the m-cap charts since the circulating of these coins are constantly changing. Sol to flip Eth is a good bull market narrative that probably WON'T happen --- but could be still be very profitable. The gap could close to where the pundits will start very talking about it. (This should be a take profit / topping signal when this noise becomes too loud) As you can see. in the chart Solana has broken out of a ratio range and appears to be setting up for an aggressive move after some more pressure being built up in that upward sloping channel. Again this just a scenario that seems to be playing out . No guarantees watch and observe look for good entries no need to go all in BUt having exsposure would not hurt. I shared very early in the cycle that Solana would outperform ETH by multiples... which has come to pass ... this would be the euphoric phase of the cycle where significant Hot and new money could pour into that particular #Blockchain casino.
CRYPTOCAP:SOLLong
by BallaJi