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SOLUSD

Solana showing relative strength on two fronts (USD & BTC)SOLANA - KEEP AN EYE ON THE EXITS Solana continues to hold the 21 daily moving average and has relative strength against BTC even with the recent mini BTC pump. Whilst I think we need to keep our eyes on the exit over the coming 2 - 8 weeks these charts continues to look very positive with any BTC upside propelling CRYPTOCAP:SOL higher than BTC in BTC relative terms. As SOL has had a monumental 774% run from June 2023 increasing from $12.50 to $110 today, its time to start considering profit taking. With this in mind, a large portion, maybe 60-70% of the current position I hold will be exited on/sold on a close below the 21 daily moving average (in USD). For now I believe we may be reaching into a frothy peak as the Bitcoin ETF announcement approaches, ahead of which I would see taking profits off the table as a wise decision. We have to remember that the upwards volatility in SOL, the leverage gained relative to BTC, will flip into into downwards volatility in SOL on a BTC decline, resulting in a much harsher sell off than that of Bitcoins correction. I am not predicting that the Bitcoin ETF approval or decline will result in a massive sell off in BTC, but it would remiss of us not to expect a 30% pullback in BTC over the next 2 weeks to 8 weeks as STANDARD BTC behavior at this point in the BTC cycle. If this happens, the price of SOL will likely see much heavier major downside. Lets see what happens over the next 2 weeks and we will check in again. T These perspectives I am sharing are more about framing where we are in this current market and how we might think about protecting ourselves against the typical BTC price behaviors we have come to expect as standard such as the 30% drawdown (which we have not had yet). If your a longer term holder, none of this really matters, you are holding on a longer timeframe. Also important to note that we could see FWB:52K - $58k BTC before such a pull back or, maybe this will be the one time BTC goes into a super cycle? Who knows, we are just looking at the exits and protecting ourselves. Stay Nimble Folks PUKA
by PukaCharts
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
COINBASE:SOLUSDShort
by stewdamus
HUGE DUMP COMING FOR SOLANA SOL/USD - RIPIm sorry, I hate being the bearer of bad news but I see Solana taking a huge dump. Short term and long term. The top is in, volume dropping interest leaving the project again. Its just a pump and dump so the big bag holders could dump their bags, now all thats left holding is the FOMOers that bought the top and think this thing is going to thousands or whatver they think. Its insanity, this chain is junk and has proven that over the years with how many halts they had on their chain, still waaay too many bugs to work out of this thing. I dont know what the catalyst will be to make it dump this hard but possibly another major outage or a hack of some sort. No one with any significant capital is investing in this thing, maybe trading it and dumping on the kids who are buying it but not holding it for anything longer than that. As you can see in this correction the way it will play out Solana is going to bounce at the previous supports for a small bounce which will create a head and shoulders and that measured move will be pretty heavy down to low $20 range or even lower possibly $18 before a a pretty decent bounce. After that moves plays out there will be a much larger correction on the higher degree of trend as another much larger head and shoulders pattern is formed. Might sound unbelievable but its not and actually quite likely. Ive seen this way to many times, same exact style of pump and dump over the years with other projects that could never die and are going to change the world. and humanity haha. RSI is pointed straight down MACD is pointed straight down Strong bearish divergence on the daily on the RSI, Momentum, CCI, MFI, and Histogram A death cross on the daily will also likely form as a result of this drop which will bring it to way new lows. Imminent collapse is likely. Good luck out there, this is not financial advice just my opinion.
BINANCE:SOLUSDShort
by Bitgolder
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
$SOLUSD In A Parallel UptrendA break of the trend line or a weekly close below the line will end the uptrend. COINBASE:SOLUSD in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.
COINBASE:SOLUSD
by AlgoTradeAlert
Litecoin Front Running Solana, SOL Is Going To Crash to $20I noticed this same thing on Bitcoin and did a chart on it go check it out. Solana could be gearing up for a massive crash back down to $20. Litecoin has been front running Solana way ahead like weeks as you can see in the history of the charts. Litecoin could be a good indication of what is to come for Solana and probably any other ALT in this same situation. Just see the chart for yourself. Litecoin runs when Sol falls. Not financial advice. I called the last major SOL drop at the top and people called me crazy. I called the LUNA crash at the top and people called me insane. Good luck out there.
BINANCE:SOLUSDShort
by Bitgolder
18
ORCA: 1st dex on Solana, 2nd overall: 14 to 30xI've been exploring some opportunities in the Solana ecosystem and given the massive dex volume there, I see ORCA as a true gem to be one of the biggest performers in the ecosystem. It was already one of the best 15 performers in the market during 2023 but with only a 270m market cap, it has a lot more upside. I expect a main target of around $70 during 2024 or 2025 but if Solana keeps going nuts, we can see Orca hitting double of that. Looking at the chart from a non log view, we can see we're still early... Overlayed is the Uniswap 2021 fractal from Coinbase - already coming from a higher market cap back then. Good product, good team, right ecosystem and growing crazily and leaving Raydium behind: ORCA.
COINBASE:ORCAUSDLong
by cryptobullethbtcxlm
1
SOLANA And the Full Picture ( More informative chart )Hi Everyone; today we have one of the best risk to reward Investment opportunity it is more than 1000 times the risk and the chart is look very promising. I expect breaking the previous bear market key point will clear the way to the final target Note: this not the right time to jump on the project, I am just showing the full picture for Solana for the current market Cycle (where it was and where it going) good luck everyone.
BINANCE:SOLUSDLong
by AlQasim_Analysis
3
I anticipate a rise in SOL to $160 following the consolidationHello everyone! Congratulations to all on the upcoming new year! I wish you and your loved ones health, prosperity, and success! Now, let's move on to the idea. I suggest considering entering a position on SOLANA either at the current values or by placing buy orders around $100-101. This is a good quote in terms of the round value of $100, so many people are buying the asset in this area, as can be seen on the chart. Additionally, there is a Fibonacci level of 0.236 in this area, and you can see how the price reacts to this zone of interest on the chart. The expected profit is 42-58%. Place sell orders from $150 to $160. This is not financial advice; everything you do is at your own risk!
Long
by neverovv
3
Solana Rally almost overAmong all the blue-chip alts, Solana has had the most impressive run so far. It has almost 9X'ed from its bottom in July this year. But technical are showing signs that its rally is about to end and it's about to enter long term consolidation. So far it has had multiple drives of bearish divergence on Daily RSI and has hit its head in resistance with divergences. As you can see the RSI is trending inside a triangle and is about to hit the lower trendline of the triangle, so it possible we may see short term bounce once it hits the trendline or Bitcoin produces a bounce, but the upside is limited. If we get another push up, we might double top or if we create another high, but it won't be significantly higher than the current one as we have Weekly level right above the daily supply from where Solana has recently rejected. The weekly level is also surrounded by important fibs i.e. 0.886 from the march 2022 high and 0.5 of ATH. Also, if we look at the Weekly RSI it's in an extremely overbought zone, so hard to imagine there is much room left. I have highlighted the RSI in the past showing where Solana is in terms of bull cycle, it has a long way to go up in coming months and a year. Now coming back to Daily RSI in the main chart once the RSI breakdown happens from the Triangle, its measured move takes us to extreme oversold RSI levels. I have measured how long it took in the past for the RSI to get down to extremely oversold conditions when the RSI was in similar state. It took approx. 60 to 70 days. 60 to 70 days from now is march April TF approx.., and we all know from the BTC cycle perspective we always get a dip right before the Halving which servers a double bottom for real bull market to take shape. BTC halving is expected in April end in 2024 and its highly likely we will see BTC correct 30 to 40% from its top which will take All the alts down with-it including Solana, so it all fits with the timeframe of finding the possible bottom in March, April 2024. I have highlighted the next zone of accumulation for Spot Solana to hold for the next bull run in 2024 to 2025.
by zakoraio
3
Is it time for short Solana(SOL)? Analysis of price momentumEach spike can target 102% to 132% if momentum is maintained. Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent. But we have another confirming factor which is the daily pivot supply area For this reason, it is possible to short solana with a loss limit above the daily supply area. Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Short
by Thisis_crypto
Solana(Sol) Is The Maze Runner ?!?After the heavy fall that led to the sharp downward correction of Solana to the price range of 8 dollars, it seems that this currency faced a suitable demand and accumulation for growth, which led to its rise to the range of 30 dollars and now to the point of 21 dollars is fixed and fluctuating. Considering that there are 8 hours left until the closing of the weekly candle and 11 days until the closing of the monthly candle, if the price can stabilize itself above the $26 area, there is an amazing possibility that this currency will reach higher areas. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
3