SOLUSD
Long SOLANA COINLong Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
Solana, Perfect Weekly Cup and Handle, yes or no?I see a perfect cup and handle on the weekly on SOL. Will we break ATH soon in upcoming weeks? What you think?
We need to decide whether to go long or short on SOL based on thWe've seen a bounce off the support level!**
Currently showing bullish divergence, so it looks like a good opportunity to buy based on the support level.
Solana Fib Fan Shows Support at $107-122Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
SOL: 150 next Solana's price could test 125 and find support, in that case a strong rebound into halving could bring the price up to 150.
Solana Still Above An Upside LineEASYMARKETS:SOLUSD
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SOL (SOLANA) Technical Analysis and Trade IdeaThis video presents an in-depth examination of a technical analysis and trading strategy for SOL. Our evaluation indicates the possibility of a trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the market's forces. Given the positive circumstances, we pinpoint a prospective point of entry. Nevertheless, it is essential to emphasize the importance of applying strong risk management measures. It is important to remember that the content of this video is intended solely for educational purposes and should not be interpreted as investment advice.
SOLANA LONG SCENARIOS. BULLISH The last bottom zone of solana is $ 80 for me and I think I will buy from there if it falls. I think these two scenarios will develop, stay tuned. fibonacci levels are very important.
Solana 🔻Attention, dear traders! 📈 Today, let's take a closer look at Solana's hourly chart to assess its short-term outlook! 💪
Recent price movements suggest that Solana is forming a descending channel. I made some adjustments to it after my last analysis👇
This indicates that the price recently rebounded from the upper resistance level and is now heading towards the support zone, located at approximately $169 $ 165 - $162. 🔻
One more my SOL/USD chart, take a look 👇
For those eager to expand their knowledge in trading, I've included a links below for further exploration.
Stay tuned for more updates! 📊 Thanks for tuning in! 💼
Best regards,
Kateryna 💙💛
SOLUSD Will it rebound on the 1day MA50 or lower?Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th.
That happens to be exactly on the long term dashed Channel Up.
If its holds the 1day MA50, buy and target 400.00.
If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd.
On that occasion, buy when the 1day RSI hits its Support A Zone and target 330.00.
Previous chart:
Follow us, like the idea and leave a comment below!!
SOLONA first correction then gain 💡Hello 🐋
Considering the chart
if we lose our ascending channel we will see more correction close to our support and our support area is based on the fib 👌💪
then
if we wont lose our support I see more gain for the price 📈🤞
it is logical to see
some range movement too 📚💡
both
targets are clear on the chart ✌🎇
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Bearish retest of #sol #solanaCRYPTOCAP:SOL price hasnt' t reclaimed the bullish triangle, yet. In addition there are 2 minor declinations from the resistance. Invalidation: SOL reclaims the triangle. Not financial advice.
#SOL/USDT#SOL
We have a downtrend on a 12-hour frame, the price is moving within it and adhering to its limits well
We have a major support area at $170
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 177
First goal 183
Second goal 192
Third goal 203
Sol not on the horizon.Solana is going to suffer one of the heaviest of corrections as the crypto market suffers a steep decline due to different reasons that i won't expand in here.
This is a short term trade, as i still think the crypto overall could continue going higher after such correction is completed.
SOL's $185 StandoffSOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds.
The upper Bollinger Band, sitting at $206.19, has proven to be a tough area for bulls to break, aligning with the dynamic resistance that has capped upward movements. Conversely, the lower Bollinger Band at $177.78 coincides with the static support level, suggesting a potential cushion against a further decline.
The trading volume of 92.758K SOL doesn't point to a dramatic shift in market sentiment yet, but it's a figure to watch for any emerging trends. The Simple Moving Average (SMA) at 185.47 is currently in sync with the price, offering a neutral signal.
The MACD indicator shows that bearish momentum might be building, with the MACD line below the signal line and a negative histogram. However, the Stochastic Oscillator (%K at 34.79) isn't in the oversold territory, implying there isn't an immediate turnaround signal from this indicator.
The Relative Strength Index (RSI) sits at a middling 45.44, leaning neither towards overbought nor oversold conditions. This, along with the RSI-based Moving Average, suggests that while there may be short-term bearish pressure, the mid-term trend hasn't turned decisively negative.
Taken together, these indicators paint a picture of Solana experiencing a period of consolidation with potential to swing in either direction. Traders will likely be watching for a breakout beyond the dynamic resistance or a breakdown below support for a clearer sense of direction. The interplay between these technical indicators and evolving market narratives will shape Solana's path in the coming days.
Sol on the horizonThis is a short term trade, set up is very simple.
Please understand the new dynamics of this market.
Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else.
Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊
▶️Opening the position at levels 188-190 📈
✔️Taking profit at level 177 💰
✖️Stop loss above 198 ⛔️
These are just my thoughts, and the decision to enter the trade is up to You. 🤔
Sincerely yours, Kateryna💙💙
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations:
Key Points:
• dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps.
• Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price.
• Strong Contender: Solana's performance suggests it could be a major player in the dApp market.
• Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth.
Additional Considerations:
• Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges.
• Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users.
• Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value.
Before Investing:
• Research Solana's technology and its competition in the dApp space.
• Understand the risks involved in cryptocurrency investments.
• Only invest what you can afford to lose.
Overall:
This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
(SOL/USD) Analysis: Deciphering the Downtrend Amid Mixed SignalThe digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike.
Price Trajectory and Moving Averages:
Solana’s price has retreated from its peak, with immediate trading below short-term moving averages (10, 20, and 30-day), which aligns with a bearish outlook. However, the longer-term averages (50, 100, and 200-day) are suggestive of possible support levels, indicating a bullish undertone that may unfold over an extended period.
Momentum Indicators:
• The MACD reveals a bearish divergence, corroborated by a downward cross below the signal line.
• The Momentum indicator reflects negative momentum, bolstering the bearish scenario.
Volume and Volatility Indicators:
• The absence of notable volume divergence suggests that the price movement is not yet accompanied by a significant shift in trading activity.
• Volatility assessments are inconclusive from the data provided but should be monitored given the asset’s historical price action.
Oscillator Insights:
• The RSI hovers at a neutral 49.76, offering no definitive sentiment bias.
• The Stochastic %K and the Ultimate Oscillator further reinforce this neutrality.
Support and Resistance Considerations:
• Fibonacci retracement levels pinpoint a critical support zone around the 61.8% level. A decisive move below could steer the asset toward the 78.6% retracement, whereas resistance is currently positioned at the 23.6% level.
• Pivot point analysis highlights the immediate resistance at 238.23, with further resistance potential at 274.02 and 373.92. Support levels at 138.33 and 74.22 suggest thresholds where buying interest may re-emerge.
Sentiment Indicators:
• The Williams Percent Range and the Commodity Channel Index straddle the neutral zone, proposing a wait-and-see approach.
• The Average Directional Index’s reading is indicative of a weak prevailing trend, hinting at a potential market in transition.
Concluding Thoughts:
The prevailing technical analysis for Solana points towards a bearish phase in the short term, coupled with a complex interplay of neutral signals from key oscillators. While the divergence in the short and long-term moving averages presents a challenging scenario, the neutral indicators could signal a potential for trend reversal or stabilization. Traders should exercise caution, paying close attention to volume changes, pivot points, and Fibonacci levels for indications of future movements. It is recommended to consider this analysis in the context of a broader market overview and incorporate sound risk management strategies in any trading decisions.
This analysis is provided for informational purposes only and does not constitute investment advice.
Sol daily time frame idea.Sol has been very bullish in last couple of weeks and performed very well. Now I am looking to re-enter in SOL on daily fvg that has been marked on chart as well. Aslo this is good poi because of liquidity build up.
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself.
Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future.
So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA!
I hope to see this coin thrive in the future. Todays price is not tomorrows Price!
The future is Blockchain!
Happy trading lovely people. Stay safe.
Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
Solana On The Way Towards All-Time Highs?Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can send the price higher for wave v of (iii).
