SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in.
On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market.
The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
Solusdt
#SOL/USDT#SOL
The price has broken the descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 126
Entry price 139
First target 145
Second target 152
Third target 162
Solana prepares for breakthroughWe see a long accumulation, a stop after an upward trend
At $125 there is serious support, which we have tested many times, now we are making another approach to the trend line
We are moving in a global ascending channel and so far it looks like continued growth and renewal of the maximum
160 and 190 are local resistances, but there is a high probability of a powerful breakout and an exit beyond these levels at the same time
Take profit target is $300. Spot long, with current levels this is a good potential 100%
SOL / BTC Forming a Bowl and Smooth Accumulations !
Solana's performance against Bitcoin has been quite healthy over the past few years.
Before the FTX collapse, the price consolidated for months in a completely horizontal range.
The FTX crash caused the price to form the bottom of the bowl structure and the price accumulated in the bottom of the bowl for months.
After months of accumulation, the price broke above two consecutive downward accumulation areas, settling just above the first accumulation area.
The fact that the current accumulation zone just above first accumulation zone has acted as support for the past 7 months indicates a very healthy trajectory.
Moreover, this 7-month horizontal process seems to have started turning upwards in September, touching the bowl structure.
If this structure continues to function healthily, it means that the direction will continue upwards in the near term, reaching as far as the end of the bowl.
SOL in tight range SOL / USDT
Since months SOL was trading in tight range 110$-130$ as support
And 160$-200$ as resistance
Price start to show bullish signs which can lead us to attack the resistance again from around here
Breakout this range in any side will lead to explosive wave for that side but until now we trade the range
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
SOLUSDT: Trading strategies and trends!SOL/USDT is showing a clear bullish structure, supported by a potential 5-wave Elliott pattern. After bouncing off the key support zone at $153.65 (Wave 2), it’s likely to continue its upward momentum.
Entry: Consider buying near $153.65.
Target: First target at $160 (Wave 3), with an extension toward $165 (Wave 5).
Stop Loss: Place below $150.64 for risk management.
The uptrend is supported by strong market sentiment and positive Solana ecosystem developments, making further upside probable.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
SOLUSDT Flag Pattern Alert - Potential Breakout Ahead!SOL/USDT is currently forming a flag pattern within a key support and resistance zone. After several days of consolidation, the price action indicates a possible breakout. Watch for a decisive move above the upper boundary of the flag, which could signal a sudden upward momentum. Remember to always set a stop loss to manage risk effectively.
SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $146
Buy level: Above $146.5
Stop loss: Below $140
TP1: $150
TP2: $155
TP3: $165
TP4: $180
Max Leverage 5x
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SOL/USDT 1D Long-TermHello everyone, let's look at the 1D SOL to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $161
T2 = $172
T3 = $191
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $144
SL2 = $132
SL3 = $112
SL4 = $98
SOL Short Scalp Trade IdeaWanted to try this a little earlier, but got caught up with something.
Trying this short here as I see some rejection from the 15 MIN Key Level and then possibly targeting 151.81 as the final TP.
Entry Price: 154.05
SL: 155.35
TP1: 153.33 (A closer target)
TP2: 151.81
Ideally I'd have loved it to retest the trend line, but since it hasn't done that, there is a small possibility that it'd do it making this a little risky which is why I have the SL a little wider.
Just going to wait and watch now.
Let me know your thoughts on SOLANA (SOL). Together we can make the right trades :)
Happy trading!
Why SOL Momentum Isn't Fake This Time?
Since March 1, 2024, SOL has been holding above $126 and is about to complete its 7th month at this level.
During this 7-month horizontal period, the price has formed 3 highs and 3 lows. The probability of the 4th high being even higher is greater because it has held its main support above $126 for this period, indicating a healthy accumulation.
Boxes
Looking at the boxes, we see that the price moved horizontally for a few days in the left blue box, then moved horizontally for a few days in the yellow box, and continued upward.
Looking at the right boxes and the same price regions, we see that the best-filled low region is the blue box, which is the 3rd low region. This is because the candles in the blue box were completely contained within this price range, filling it well. This pushed the price to the yellow box region.
In short, we see a price that is moving forward with a healthier accumulation compared to previous periods. This makes the picture bullish for now.
We can use these box regions as support in case of potential pullbacks. If we lose these regions, we can change our minds. But it may continue upwards without spending more time there.
Explanation of technical terms:
Accumulation: The buying of an asset over time, often at a lower price. A healthy accumulation phase is considered bullish.
Highs and lows: These refer to the highest and lowest prices reached during a specific period.
Support: A price level where buying interest is strong enough to prevent the price from falling further.
Boxes: These are likely referring to specific price ranges or patterns on a chart.
SOL Diamond and Going Up 2nd Time !Solana formed a diamond formation between April 2023 and September 2023 and broke it and went up. The price has now broken above a similar diamond formation in the same month 1 year later.
Repeating the process as it has done so far will push the price up.
Will the rise start in September 2024 as it did in September 2023?
$SOL $SOLUSDT Daily Bias UpdateI would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
SOLUSDT today The SOLUSDT chart shows a bullish trend within an ascending wedge pattern. The price is currently approaching the resistance zone around 153.42 USD. After hitting this resistance, we might see a short-term pullback before a potential breakout occurs.
Key Insights:
The price has tested the upper resistance twice (red arrows), and a breakout above this level could signal a strong upward move.
The ascending support line (green arrows) indicates that the overall trend remains bullish.
If the price holds above 149–150 USD after a potential pullback, there is a high chance of an upward breakout toward the 158 USD level.
Prediction: If SOLUSDT can break and close above 153.42 USD, expect a bullish continuation toward 158 USD. However, if the price pulls back to retest the ascending support line, this could provide a good buying opportunity before the next upward move.
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SOL 152.53 LONG! Solana enters the bullrun zone!👋🤖 Solana is coming out above all the muwings on the daily and is preparing to give a strong impulse into the Long.
🔥🚀🚀 The level to trade is 152.53
Entry pattern breakout
First target 162.02
Second target 172.92
Volume is good, but Solana is a very volatile coin, so leverage above is not more than 20x !
Stop short
SOL shortIn continuation of more general overview (see "Related publications" below)
Expecting the SOL/BTC SOL/USDT pairs to correct together with the market correction, but with much higher amplitude. SOL/BTC is still standing strong compare to overall alt/btc pairs, and the ecosystem.. well, i see the similarities to the XRP behaviour and high value during initial crypto run for example. overall - overvalued. Thus, the correction on BTCUSDT equals to the correction on SOL/BTC, SOLUSDT pair to drop into 60-70 range, prob lower.
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact:
Breakout from the Descending Channel:
Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels.
Key Support and Resistance Levels:
The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly.
The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend.
Short-Term Expectations:
SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT.
A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable.
Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
SOL Very Risky SHORT Trade Idea (with Profits)Taking a very risky Short trade here with some of the profit's I made.
Price is coming into the 5 Min Key Level to retest after breaking it once.
Saw a little rejection so I'm just picking up a short with a very very tight Stop-Loss.
Entry Price: 152.22
SL: 152.80
TP1: 151.15
TP2: 150.23
TP3: 149.10
NOTE: This is mainly a gamble trade otherwise I normally don't trade like this. Trade with caution :)
Let me know what you guys think. I appreciate comments.
Good luck and Happy Trading!
SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
SOL Gamble Scalp Long TradeEntering SOL once again here. I think BTC is trying to stay in a range and so is SOL.
I'm just playing the range with a tight SL with a possible 1:3 Risk-Reward.
Entry Price: 142.96
SL: 142.44
TP1: 143.99
TP2: 144.92
I took the trade based on the 5min TF. It can go either way, so definitely risky.
If we go down to the Key Level and it's respecting the support, I might add some more. But given that it has already retested the support level, it's not that strong. Let's see!
Let me know what you guys think.