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Solusdt

SOLUSDT - the real indicator of bear market!I think everyone should take this chart as a basic reference for trading Why is sol considered a real indicator of the market situation? sol is one of the biggest coins in terms of market cap ( 5th in ranked with 78.2B in marketcap) As you can see on the chart in front of you, sol rose more than 600% last October when it broke the 300 day of accumulation and it was a strong entry signal for all other currencies Now on the weekly chart we see that sol is forming a wyckoff distribution pattern. I uploaded a picture to verify this for yourself. check it and you will find it matches what is happening on the chart You will find the 0.786 level is the bottom, which if it is broken weekly, it is a clear and explicit signal to get out of all your money from the market and make it 100% cash according to this data i see that will happen within 2 months Best regards Ceciliones🎯
by ceciliones
11
SOL is ready to BLOW UP, targeting $200 in the short term.If you're looking for short-term gains, jumping on SOLANA now might be a great opportunity. Let’s dive into why! Hey everyone! Today, I’m going to analyze the SOL/USDT on the daily chart and give you some great opportunities for both spot positions and futures trades. 1) Descending Triangle: SOL reached around $208 in March and has been in decline since. You might be wondering why SOL peaked in March—it's because we had a mini altcoin season back then. After that peak, SOL has been forming a large Descending Triangle . For the past 7 months, the price has been stuck in this triangle, repeatedly testing both the support area at $125 and the descending resistance line. 2) Volume and Pattern Interest: As we know, when a price is stuck in a pattern for a long time, volume decreases as interest fades. Over time, as investors notice SOL testing the $125 support zone multiple times and bouncing back, combined with positive project news and a bullish global market, they’ll see this as a potential buying opportunity. This is when reversal patterns such as Double Bottom, Triple Bottom , or Inverse Head & Shoulders (H&S) start to form at the bottom. 3) Inverse Head & Shoulders: SOL recently formed an Inverse H&S pattern at the bottom. Here's how it works: When buyers step in and start creating upward pressure, we see the formation of the left shoulder. Sellers then step in and cause a pullback, creating the neckline. When the price drops again to the $125 support zone, buyers see it as their last chance to get SOL at a lower price, so they push the price back up to the neckline at $160. At this point, sellers step in again, taking profits at the $160 range, causing another drop. But this time, instead of falling back to $125, the price holds around $135, as buyers don’t want to miss the opportunity. This creates the right shoulder. Once SOL breaks through the neckline at $160, sellers are disappointed and exit, while buyers push the price further up. As of now, SOL has successfully broken out of the Inverse H&S pattern. 4) Downtrend Line: There’s still a major descending resistance around the $170 range, which has held the price down for about 7 months. Once this level is broken and converted into support, we’ll likely see a strong upward price momentum. Breaking through this resistance could shift the overall trend into a solid upward trajectory. 5) Price Targets: SOL has successfully broken the Inverse H&S neckline at $160 and has even retested this level, flipping the resistance into support. The target for the Inverse H&S pattern is around $200 per SOL. However, there’s still the downtrend line resistance at $170 that needs to be broken first. If we break through that as well, we’ll have two breakouts: one from the Inverse H&S and one from the 7-month Downtrend line. With these breakouts, combined with a potential bull run, SOL could reach a new ATH. In my opinion, SOL could hit $1,000 to $1,500 in this bull run, and if we experience a massive rally, it’s possible for SOL to reach $3,000. 6) Futures Trading: For futures, you can open a long position in the $160–$165 range with 3x–7x leverage. Set your stop loss around $157–$158. However, if you're new to leverage trading, be cautious! (This is not financial advice). 7) Spot Trading: If you're looking to trade on the spot market, now could be a good time to buy SOL in the $160–$165 range and hold until the bull run peaks. Thanks for reading my analysis! If you like my thoughts and my vision for SOL, hit the like button and follow me! BTW, I’m very active on X. You can find me there as @odbashWizard.
Long
by odbashWizard
Solana (SOL) Price Prediction: Poised for a Breakout and New AllThe chart of Solana (SOL) is painting an exciting picture for the medium term. We're currently witnessing the formation of a massive triangle pattern, and a breakout seems imminent. This technical formation, combined with other indicators, strongly suggests that SOL is preparing for a significant upward move that could propel it to new all-time highs (ATH). Key Takeaways: Triangle Breakout: The price action is consolidating within a large triangle pattern. A decisive break above the upper trendline of this triangle will signal a bullish breakout, potentially triggering a strong rally. Fibonacci Targets: Based on Fibonacci extensions, we can project potential price targets for this anticipated move. The primary target zone lies between $257 and $260. This aligns perfectly with the 1.618 Fibonacci extension level, a key area where price often encounters resistance or support. Historical Support: The lower trendline of the triangle has provided solid support for SOL during its consolidation phase. This reinforces the significance of a breakout above the upper trendline. Why This Matters: Solana has been a strong performer in the cryptocurrency market, and this potential breakout could mark the beginning of a new bullish chapter. A surge to new ATHs would not only be a major milestone for SOL but also a testament to its growing adoption and utility in the decentralized finance (DeFi) and NFT spaces. Get Ready: If you're bullish on Solana, now is the time to pay close attention. A breakout above the triangle could happen quickly, leading to rapid price appreciation. Keep a close eye on the $257-$260 resistance zone, as this will be a crucial area to watch for potential profit-taking or further continuation of the uptrend. Disclaimer: This is a technical analysis based on the provided chart and historical price action. It's not financial advice, and the cryptocurrency market is inherently volatile. Always do your own research and invest responsibly.
COINBASE:SOLUSDLong
by Broker_Hunter
SOL Looks Bullish (4H)From where we placed the red arrow on the chart, it seems that the price has entered the correction phase. This phase seems to be a diametric, which we are now in the middle of the F wave. From the green range, we expect SOLANA to move towards the TPs indicated on the chart. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
Reviving Momentum: Is $SOLANA Poised for a Breakout?There seems to be some life returning to $SOLANA. I’m glad it held the $134 zone and has finally broken above the weekly block, even if just slightly. We want to see it move much higher towards the 2022 open to have a chance at new highs. For now, it’s still "trying" to escape the consolidation phase from August but needs to move away from this 9-month range. A final leg towards new highs could reignite the meme sector. I’ve mentioned buying betas like NASDAQ:RAY , LSE:JUP , and CRYPTOCAP:JTO , as these are likely to outperform $SOLANA, so keep an open mind about the level of risk to take. ______________________________________________________________________________ The weekly chart is showing a weak but at least a bullish signal for the first time since May 2024. This is not a bad spot to add a "little" exposure and continue to accumulate on dips.
Long
by ZelfTrade
SOLUSDT Long Setup Setting / It's Risky but we are traders ...BINANCE:SOLUSDT COINBASE:SOLUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 142.20 148.44 157.38 🔴SL: 126.23 b]🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
SOLANA COIN SWING LONG IDEA - ALTCOIN MARKET - SOLSolana is one of my favorite coins for the 2024-2025 altcoin bull run. It has strong fundamentals, as well as a supportive community. The price is coming from the discounted monthly demand zone. The weekly structure is also bullish, and the daily structure is accelerating upward momentum. I believe we will easily reach the purple targets and eventually return to all-time highs. I’ve bought a spot bag here. It may retrace slightly before taking off, so invest and trade accordingly. Nothing i share is financial advice. Education purposes only.
Long
by UA_CAPITAL
Solana 18% gain may reverse: analysisAfter posting an impressive 18% rally over the past 30 days, Solana’s (SOL) price now faces the risk of a deeper pullback that could wipe out a substantial portion of those gains. On Wednesday, October 15, SOL attempted to retest the $160 level but failed to break through. The cryptocurrency is now on the verge of falling below the critical $150 support level. If SOL dips beneath this region, this analysis indicates that the drawdown could result in the asset ending October with a net negative return. In August, when SOL reached the $153 mark, it quickly lost 15% of its value, dropping to $129.35. September saw a similar pattern with a 12% decline, while October followed suit with a 10% drop under comparable conditions. If this pattern continues, Solana could be facing another double-digit decline. The indicator reinforcing this bearish outlook is the Chaikin Money Flow (CMF), which measures the volume-weighted average of accumulation and distribution. A higher CMF reading signals stronger accumulation, while a lower reading indicates increased distribution. On the daily chart, the CMF has dropped below the zero signal line, signaling that Solana is facing heightened selling pressure. If the current trend continues, this further supports the forecast of a potential double-digit decline in SOL’s price. If negative scenario plays out, SOL could see a 10% decline to $136.07, echoing the price movement seen between October 1 and 3. In an even more bearish scenario, if selling pressure intensifies, Solana might experience a further decline, with its price dropping to $125.02. Conversely, if SOL manages to hold above the $150 support, a rebound could be on the horizon. In this case, Solana might rally toward $173, a level it hasn’t reached since July.
Long
by paul_endeo
SOL ANALYSIS🚀#SOL Analysis : What Next ??💲💲 ✅As we can see that #SOL is trading in a "PARALLEL CHANNEL" since many days. There is an instant resistance zone and if #SOL breaks the resistance then we would see a bullish price movement 🔰Current Price: $154.80 🎯 Target Price:   $185 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation. Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend. Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher. If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March. However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Long
by paul_endeo
Elliott Wave Analysis with Fibonacci Extensions - Potential BullIn this chart, we observe a clear Elliott Wave structure with five impulsive waves, indicating a potential bullish continuation. The Fibonacci extensions are plotted, highlighting possible Take Profit (TP) levels based on the wave projections. Wave 1 to 5 completed, with Wave 5 potentially leading to significant price growth. The Fibonacci retracement levels show key support areas, while the Fibonacci extensions suggest potential upside targets. Key Targets: TP0: MAX 81,738.0 (168% - 200% Fibonacci) TP1: MAX 98,157.0 (261% - 300% Fibonacci) TP2: MAX 114,576.0 (361% - 400% Fibonacci) TP3: MAX 130,995.0 (461% - 500% Fibonacci) The current price action is in consolidation, suggesting a breakout may occur soon. A strong move past TP0 could accelerate the upward momentum towards the higher TP levels. Keep an eye on support levels around 63,068.0 and potential correction zones before a breakout occurs. Disclaimer: This is just my personal view based on technical analysis, and it is not financial advice. Please conduct your own research and trade responsibly!
BYBIT:BTCUSD.PLong
by CryptoTraces