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SOLUSD

A Glimpse Into the Bullish FutureSolana has been showcasing a robust performance despite recent market pullbacks, gaining around 20% over the past 30 days, compared to Bitcoin's 5% rise. The price action for SOL has seen a pullback to the $22 mark, after facing rejection at the $25 level, which now acts as a key resistance point. This pullback phase is seen as a retest of the upside breakout, hinting at the opportunity of a positive turnaround. The Total Value Locked (TVL) in the Solana network has reached a new yearly high of $337.49 million, indicating a strong interest in the Solana ecosystem despite a drop in price since October 2, from a high of $24.79 to a low of $21.79 on October 12. Most Probable Scenario: Given the current market dynamics, a continuation of the uptrend could potentially see SOL testing the $25 resistance once again. If the price sustains above the 200-day Exponential Moving Average (EMA), there's a significantly higher possibility for an uptrend continuation to the $28 mark, further fueling a bullish scenario towards the $30 mark. Additional Insights: The rising price of SOL amidst a falling Bitcoin price signifies a potential decoupling, paving the way for further appreciation in SOL's value. Technical indicators are hinting towards a positive price action in the near term, despite a bearish sentiment in the broader market. The present scenario reflects a crucial juncture for SOL, as it treads carefully over vital support zones, preparing for a potential bullish journey in the upcoming altseason.
by MonoCoinSignal
10
SOL IS BEARISH (12H)Solana has a lot of growth and can have a good correction ahead. Especially since it is showing confirmations. After collecting liquidity pools and encountering a resistance SWAP, there has been a bearish CH. There is a support near the candles, if it supports the price and reaches the resistance red box, that area is a good place to open short positions. At lower prices we have a liquidity pool that is like a magnet for candles. The main support is where I specified below. If the decline is confirmed and a bearish CH is made with the body of the candle to the lower green zone, there can be a decline. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
7
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders. Chart Analysis decided to take a break this week and did not make a second attempt to break the resistance at $25. Nevertheless, it still managed to book a 15.6% price increase, making it the best performer on our list. There is good support at $22, and buyers should return there if the price continues its current correction. Overall, SOL remains in a clear uptrend, and it could try to break the resistance at a later time after this pullback ends. Solana still has a good opportunity to explore higher levels later in October. The current targets on the chart are $25, $28, and $30. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
SOLUSD This pull back will last for some time.Solana / SOLUSD is pulling back significantly today despite being on a bullish leg for the past 30 days. The long term pattern is a Channel Up and September's Low could be the first out of two before the price goes for a Higher High, much like the one that started after the June 10th Low. The 1day RSI patterns of January-April and so far July-now are very similar. Buy low and sell high inside the dotted Channel Down until the 1day RSI gets oversold under 30.00. That will be the buy entry of the new bullish leg. Target 37.000 (top of Channel Up). Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSD
by TheCryptagon
1
Solana SOLUSDT Price Analysis (1h) Solana BINANCE:SOLUSDT is currently in the consolidation phase within a Descending Triangle pattern, signaling a potential breakout on the horizon. Key levels to watch within this triangle include: Resistance at $23.6. Support at $22.5. Once this triangle pattern breaks out, we can anticipate new key levels: Resistance: Likely at $27. Support: Expected to be around $20. It's important to remember the characteristics of descending triangles: In contrast to the ascending triangle, a descending triangle consists of lower highs forming the upper line, with a strong support level acting as the lower line. Sellers gain ground against buyers, and in most cases, the support line eventually breaks, leading to a continued downward move. To trade a descending triangle, we can set entry orders above the upper line (lower highs) and below the support line, prepared for a potential breakout. However, it's important to note that in some instances, the support line may hold, resulting in a strong upward move.
by Vestinda
3
Navigating Through Bulls and BearsAs the cryptocurrency market shows signs of resilience, Solana (SOL) is not lagging behind, with its price steering towards the psychological target of $25.50. Experts are closely watching this level, as surpassing it could trigger a further bullish sentiment among investors. As of October 2, 2023, SOL's price was reported at $24.11, marking a significant daily gain of 10.55% and showing positive growth trends over the previous week and month. Support Levels: $22, $20, $18 Resistance Levels: $23.89, $25, $28, $32 Price Analysis and Probable Scenarios: Short-term Outlook: SOL's immediate target lies at $25.50, with a possibility of reaching $23.70 by October 9, 2023, reflecting a modest increase of 0.84%. Maintaining levels above the $22 mark, SOL eyes an 11% potential gain, challenging the $25 threshold. Mid-term Outlook: By the end of October 2023, optimistic projections place SOL's price between $30.46 and $32.59. A more conservative estimate suggests that SOL may trade at an average price of $21.50 with a minimum price of $19.29 and a maximum price of $23.71. Optimistic Scenario: Bullish forecasts for 2023 place SOL's price in the range of $27.14 to $38.42, with a possibility of reaching $50. Pessimistic Scenario: Should adverse market conditions prevail, bearish price predictions indicate a drop to as low as $12.79. Market Dynamics: SOL has recently broken through the 200 exponential moving average (EMA), a positive sign considering recent shorting activity. This upward move might be the effect of a short squeeze, indicating a potential bullish scenario in the short to mid-term. Most Probable Scenario: The most probable scenario, given the current market dynamics and expert analyses, suggests SOL navigating towards the short-term target of $25.50, with a potential to reach or exceed the mid-term targets should the bullish market sentiment continue. However, investors should remain cautious of adverse market conditions that could lead SOL towards the pessimistic price range.
by MonoCoinSignal
Solana Skyrockets: Breaking Through Resistance with $30 TargetSolana, the blockchain platform known for its lightning-fast transaction speeds and low fees, has been making waves in the crypto market lately. Its recent surge in popularity is not without reason - Solana's innovative technology and impressive ecosystem have caught the attention of both investors and developers alike. But let's talk about the breakthrough that has everyone buzzing. Solana's price has been on an unstoppable upward trajectory, and it has now successfully broken through the resistance level that has been holding it back. This is a significant milestone that signals a potential bullish trend ahead! With this new target of $30, Solana is poised to continue its meteoric rise in the coming days and weeks. The market sentiment surrounding SOL is overwhelmingly positive, and this breakthrough could be just the beginning of an even greater surge. So, what does this mean for you as a trader? It's time to seize this golden opportunity and consider going long on Solana! By taking a long position, you can potentially profit from Solana's upward momentum and ride the wave of its success. Don't miss out on this exciting chance to be part of Solana's incredible journey. Here's your call-to-action: consider opening a long position on Solana (SOL) today and position yourself for potential gains. Remember, as with any investment, it's important to conduct your own research and make informed decisions. Reach out to me with any questions or concerns you may have by commenting below. We're dedicated to supporting you on your trading journey and helping you make the most of this thrilling market opportunity. Stay tuned for further updates on Solana and other exciting developments in the crypto space. The world of cryptocurrency is constantly evolving, and there's never a dull moment!
Long
by bryandowningqln
8
SOL reaching next support level and might come down with BTCThere is a lot of support around $19.40 and Solana is very fast approaching this target. Bitcoin had a death cross this week, traditionally this means a small pump followed by a strong correction. We are also approaching the end of the death cross pump. Solana is following the pump now, but there is a wall at $19.40 so traders will take profit around that amount and retreat as soon as they see #bitcoin coming down. There is a very small support line at $17.50 but I am not sure it will be enough, it really depends how fast BTC will be going down.
Short
by crypthal
SOL/USD Main trend. Cycles.Solana Super Hype. The main (long-term) trend. Timeframe 1 week. Logarithmic chart. Coin of the famous “hedge fund” Alameda-research. Despite the useful applications and development of various applications on this blockchain, the asset (coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the basis of profits. This clamp zone, is also an uptrend confirmation zone (the trend line is green) and at the same time acts as a huge head and shoulders neck zone. Coin Market: Solana line chart . A secondary downtrend (its resistance is the red line) has been developing since the peak of the price swing, at $250 per coin (the main volume is $0.10, the chart can't display that. The Doge is smoking in the sidelines). The minimum price decline is -90%. Every secondary trend is crazy pumping, just like LUNA was at one time.
BINANCE:SOLUSD
by SpartaBTC
34
SOLUSD Very close to a huge break outSolana is testing now the Falling Resistance from July's candle body top. All two prior break outs over such Resistance in the past 12 months have ended with a new Higher High on our main Channel Up pattern. Trading Plan: 1. Buy if the price breaks above the Falling Resistance. Targets: 1. 33.000 (Fibonacci 2.0 extension as on previous break outs). Tips: 1. The RSI (1d) will start flashing the first sell signs inside its Resistance Zone. Use it as an additional exit back up plan in case there is a sudden price reversal. Please like, follow and comment!!
CRYPTO:SOLUSDLong
by TradingBrokersView
4
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse: Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for SOL Solana is $14.30. Looking forward to read your opinion about it!
Short
by TopgOptions
4