SOLUSD
Solana's Intraday Surge: Will $157 Mark the Path to $170?Yesterday, Solana moved bullish in the H4 chart towards $157.
1. A bounce off $150, followed by a bullish surge to $157, could pave the way for $169-$175. However, reclaiming $157 is essential first.
2. A move to below $143 may exert further downward pressure towards $137 and $131, the key intraday support, with expectations for a slow and choppy price movement in this scenario.
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Solana SOL Intraday Trade SetupSolana is struggling to break bullish $157, the key intraday resistance and needs support from SOLBTC chart.
A bullish break-out of $157 will offer more upside towards $169-175.
Another re-test of $150 followed by a bullish rejection and a break-out of $157 will lead to SOL price moving towards $169-175.
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Solana (SOL) Finds Support, Eyes Return to $203
The cryptocurrency market has seen its share of volatility recently, and Solana (SOL) has been no exception. However, when we zoom out and take a look at the weekly timeframe, a clearer picture emerges. This article dives into SOL's recent price action and explores the potential for its next move.
Solid Support at $149
A crucial observation from the weekly chart is the strong support level established at $149. Despite price fluctuations, SOL has managed to hold above this key area, even during periods where the price dipped momentarily below. This indicates significant buying pressure at this level, suggesting that many market participants view $149 as an attractive entry point.
Range Bound
The consistent bounce off the $149 support has led to the formation of a range between this level and $203. This price range reflects a period of consolidation, where buyers and sellers are temporarily reaching an equilibrium. The price action within this range suggests some indecision in the market, with neither bulls nor bears able to exert dominance.
Looking Ahead: Potential Move to the Upside
Given the presence of the established support level at $149, and the recent price holding within the defined range, there's a possibility that SOL might attempt a move back towards the upper range boundary of $203 in the coming days or weeks. This potential upswing could be fueled by several factors:
• Increased Buying Pressure: If more buyers are attracted to SOL, particularly at current levels, it could push the price higher. This buying pressure could stem from renewed confidence in the Solana project, positive news developments, or simply technical factors related to the range itself.
• Short Squeeze: If a significant number of traders are currently shorting SOL (i.e., betting on the price to decrease), a sudden shift in sentiment could lead to a short squeeze. This occurs when shorts are forced to buy back SOL to cover their positions, which can drive the price up rapidly.
• Overall Market Sentiment: The broader cryptocurrency market sentiment also plays a role in SOL's price movement. If the overall market sentiment turns bullish, it could lift all cryptocurrencies, including SOL.
Important Caveats
While the potential for a move towards $203 exists, it's important to consider some factors that could prevent this from happening:
• Failure to Hold Support: If the price breaks decisively below the $149 support level, it could signal a bearish trend and lead to further price decline.
• Negative News or Events: Any negative news surrounding the Solana project or the cryptocurrency market as a whole could dampen investor sentiment and hinder a price increase.
• Resistance at $203: Even if SOL reaches $203, it might face resistance at this level. Overcoming this resistance would require sufficient buying pressure to push the price through.
Conclusion
Solana (SOL) has found support at $149 and is currently trading within a range between $149 and $203. The coming days and weeks could see SOL attempt to move back towards the upper end of this range, potentially reaching $203. However, several factors could influence this possibility, and close attention should be paid to market sentiment, news developments, and price action around the support and resistance levels.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. It's crucial to conduct your own research before making any investment decisions.
Solana, support levelsSolana formed a descending triangle pattern and has touched the support level.
If this support is strong enough to withstand bearish movements, then the target is at level 144.83 or at the resistance pattern.
However, you need to remember that this pattern is a bearish continuation pattern, which means that if this pattern breaks down, Solana will fall deeper.
I will update this analysis if I find new key levels.
BTC Retracement? who cares ZOOM OUTWhen In Doubt zoom OUT!!!
Historical data BTC loves Nov and Dec. With this perspective who cares about a retracement? When BTC trades sideway that's when its time to double down on alts.
BTC might trade sideway 65-71k, but after that: 83500 and then 100k.
good quality alts: Eth, Sol, and your favorite meme coin: like $ROOST and $ROBUD for fun.
BTC hits 100k:
ETH to 7000 for a 2x
SOL to 800.0 for a 4x
Your favorite meme coins are the Potential 10-100x life changers,
Please let me know what's your favorite alt?
SOL: ny money management📊Analysis by AhmadArz:
🔍Entry: 134.97
🛑Stop Loss: 130.59
🎯Take Profit: 139.35 - 143.91
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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SOLANA - $600 on the Cards?👀📉Hi Traders, Investors and Speculators of Charts📈
Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching:
By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for the short term, the support zones should hold at $140, with wicks as low as $120. When incorporating this into Elliot Wave Theory, our next impulse up (wave 4-5) should take us to roughly $290.
But it doesn't end there. When we zoom out, and view the chart from a macro perspective, we see a different structure of Elliot waves... We're possibly still in wave 0-1! And if we use the same Elliot wave ratios to calculate wave 5, (% of wave 1 OR 161.8 x wave 1 length) then wave 4-5 takes us even beyond $600.
It's important to note though, that this is a multi-month and potentially multi-year target. Although SOL has previously increased 500% in a few weeks, the markets are more mature than they were in early days with many more adopters and institutional investors joining the game.
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CryptoCheck
COINBASE:SOLUSDT BINANCE:SOLUSDT
BTCUSD falls and starts recovery after geopolitical spike LONGBitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
At what price you are ready buy SOLANA in your invest portfolio?Probable wave analysis on the #SOLUSDT chart
The bottom of wave 4 has either already been formed or is yet to come.
Therefore, we have marked three points where you need to be as careful as possible when deciding whether to buy CRYPTOCAP:SOL or whether it is too early.
1️⃣ $120 - if the price does not go lower, further growth will be quite rapid, as buyers will show their strength.
2️⃣ $90 - a stop of the falling in a strong liquid zone, which can be "considered a prudent buy zone".
3️⃣ $70 - this is where the price can reach on panic sales, liquidations, and stop losses.
Interestingly, the calculations show that wherever the #SOLUSD price falls, t he chance of growth to $650-670 is the same from the three points, it's just a matter of time.
So, what price will you choose to buy #SOLANA?
SOL: back to latest renge📊Analysis by AhmadArz:
🔍Entry: 143.96
🛑Stop Loss: 125.30
🎯Take Profit: 159.64 -190.98
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Solana - SOL Fractal NO ONE talks about📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave .
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
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CryptoCheck
BINANCE:SOLUSDT
SOL - Solana follows THIS FRACTAL📉Hi Traders, Investors and Speculators of Charts📈
Solana has made some great increases, and it's retraced back to support levels.
By looking at the Drop-and-Pop fractal we've been watching, we can conclude tat for the short term, the support zones should hold at $140, with wicks as low as $120.
We can also take a look at moving averages to get an idea of possible wick zones.
We should continue to trade above the 50d moving averages (green) for the price to remain bullish. Losing the 50d will be a bearish indicator:
"Overbought" flash in the weekly usually takes us into a short term correction phase, with prices trading closer to the green trendline:
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CryptoCheck
BINANCE:SOLUSDT
Solana could be interesting for the bulls if...EASYMARKETS:SOLUSD
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SOL: sell in cycle📊Analysis by AhmadArz:
🔍Entry: 180.85
🛑Stop Loss: 187.18
🎯Take Profit: 175.44-169.76-163.92-156.88-150.02
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
SOLANA (SOL) is forming a massive, multi-year Cup & Handle!Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5 years.
Good luck, and always use a stop-loss
Sol, survivor? ElliottwaveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#SOL been awhile.
Can see a possible additional wave 5 to come.
Needs to prove it.
Flipped
$120 from resistance to support, good for bulls.
Break below, not so good.
Looking for a clean impulse up.
$162 is my level to see if it can blast or
if it corrects to it.
SOL - Similar Re-Accumulation Last CycleLast cycle we had a re-accumulation that looked just like this, and it was from the exact same levels. Scroll left and go take a look. I pulled the fractal and overlaid it for comparison. This is how I'm expecting it to happen. It's also worth noting that BTC and ETH also have a re-accumulation that matches up with last cycle's fractal. This big dump was the spring and now we have hidden bullish divergences on the daily across all of the altcoins