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Solusdt

SOL sell/shot setupSOL is creating internal pullback on small time frames. At the bottom of the candles we have a liquidity pool that is expected to be swept soon. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
SOL Ascending Wedge / Weekly Chart As you can see, the Solana price has been forming an ascending wedge formation since May 2022. This is a really long-term ascending wedge that has been going on for over two years. So it seems likely that it will continue to work. What Awaits Us? When we look carefully at the weekly candle contacts, we can say that the candle contacts in the lower and upper regions of the formation are successful. In the last 5 months, the upper region of the formation continues to work as resistance and there are 2 clear retest contacts after the $210 region. After the second retest contact, the price gave a voluminous red candle and then gave a doji candle. With these, the probability of advancing to the lower region of the formation in the coming period seems higher for now. The lower region shows the range of $67 - $72.
KRAKEN:SOLUSDShort
by huecoshunter
2
Solana (SOL) Long-Term Investment AnalysisAs of the latest data, Solana (SOL) is trading at $179.07, having experienced a 3.49% increase over the last day. This places SOL in a dynamic position within the top five cryptocurrencies by market cap, currently valued at approximately $83 billion. Technical Analysis 1. Price Trends and Resistance Levels: • All-Time High (ATH): SOL’s ATH stands at $260. This level represents a significant resistance point as it’s the highest price SOL has ever reached. • Dynamic Resistance: The downward sloping red trendline indicates a dynamic resistance level, currently positioned just below the ATH, at around $240. This line has historically acted as a barrier to upward price movements. • Local Resistance: There is another resistance level marked around the $180 range, where SOL is currently hovering. Breaking through this level decisively could signal further upward momentum. 2. Support Levels: • Dynamic Support: A green upward sloping trendline suggests a dynamic support level that has been tested multiple times, currently around $120. This line indicates a rising support base for SOL, suggesting a bullish trend over the longer term. 3. Technical Indicators: • The trading volume is 2.209 million SOL, which shows active trading interest and liquidity. • With %K at 88.10 and %D at 84.06, the stochastic oscillator is in the overbought territory, indicating potential short-term pullback or consolidation before any further upward movement. • The RSI stands at 64.01, suggesting that SOL is approaching overbought conditions but still has room for growth. • The MACD line (9.18) is above the signal line (5.90), with a positive histogram value (3.29), indicating bullish momentum. Fundamental Analysis 1. Market Position and Adoption: Solana has gained significant traction due to its high throughput, low transaction costs, and strong ecosystem growth. It is now recognized as a major player in the DeFi, NFT, and Web3 spaces. Recent developments and partnerships continue to bolster its fundamental strength. 2. Technological Advancements: Solana’s unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), offers scalability solutions that rival those of other major blockchains like Ethereum. This technological edge contributes to its long-term growth potential. 3. Ecosystem Growth: The Solana ecosystem has seen exponential growth in terms of dApps, DeFi projects, and NFT marketplaces. The continued influx of developers and projects onto the Solana platform supports its sustainable growth trajectory. Market Sentiment Overall market sentiment for SOL remains bullish. Analysts and investors are optimistic about its long-term potential due to its technological advantages and growing ecosystem. However, caution is advised due to the overbought conditions indicated by the stochastic oscillator and RSI. Potential Market Scenarios Bullish Scenario: • If SOL breaks above the local resistance at $180 decisively, it could target the dynamic resistance around $240 next. • A sustained move above $240 could open the path toward retesting the ATH of $260 and potentially beyond. Bearish Scenario: • Failure to maintain the $180 level could lead to a pullback towards the dynamic support around $120. • Breaking below $120 would be a bearish signal, potentially leading to further declines towards lower support levels. When to Buy Solana (SOL) for Long-Term Investment Current Situation: Given SOL’s current price at $179.07 and the technical indicators suggesting overbought conditions, a cautious approach is warranted. Optimal Buying Strategy: 1. Wait for a Pullback: Considering the overbought stochastic oscillator and RSI, waiting for a pullback towards the $150-$160 range could offer a better entry point. This range has shown to be a recent consolidation area and might present a more favorable risk-reward ratio. 2. Dynamic Support Level: If the price drops further, the dynamic support around $120 is a strong level to consider for long-term investment. Historically, SOL has found significant buying interest at this level, making it a safer entry point. 3. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips. Conclusion and Market Outlook Solana (SOL) is currently positioned in a strong uptrend with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the long-term outlook remains positive due to strong fundamentals and ecosystem growth. Impact of Bitcoin’s Movement: It’s crucial to note that Bitcoin (BTC) is currently at a critical juncture. If Bitcoin fails to surpass its all-time high (ATH) and experiences a significant drop, it could have a ripple effect on the broader cryptocurrency market, including Solana. In such a scenario, SOL could also face downward pressure, making it vital to monitor Bitcoin’s price action closely.
by MonoCoinSignal
4
Short-term Potential ScenariosOn the 1-hour chart, Solana shows that it is at a support level of $142, which acts as a valid support. This area could be where buyers step in and push the price towards higher levels. Potential Scenarios: Maintaining Support and Moving to Higher Levels: If SOL can maintain the $142 support and then stabilize above the downward trend and the $148 level, this movement could lead to a continuation of the upward trend, reaching targets of $152 and $160. These levels act as potential resistances, and breaking through them could signal further strengthening of the bullish trend. Breaking Support and Price Reversal: If the price fails to hold the $142 support, there is a possibility of a return to lower support levels. In this scenario, traders should carefully observe the market’s reaction to these levels to make better decisions.
by MonoCoinSignal
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
SOL/USDT Analysis🔍 SOL/USDT Analysis: Strategic Dates and Long-Term Prospects 🌟 The SOL/USDT chart highlights crucial upcoming dates and long-term price targets: September 23, 2024, December 16, 2024 - Green Lines: These dates indicate potential local lows, presenting ideal opportunities to accumulate SOL or enter long positions. Traders should consider these dates as key moments for building or adding to positions. February 10, 2025 - Red Line: This date could signal a local peak, offering an opportunity to take profits or reassess positions before a potential market correction. March 16, 2026 - Green Line: A significant long-term low is expected around this date, marking a prime opportunity to increase holdings for the next major market cycle. By aligning your strategy with these dates, you can better position yourself for the future of SOL and maximize your potential returns. #SOL #Solana #CryptoTrading #Cryptocurrency #MarketAnalysis #Altcoins #SOLUSDT
Long
by trushkovskiy
1
Trade Setup: SOL Long PositionMarket Context: SOL is currently trading in a key support zone between $141.50 and $150.00, which presents a favorable opportunity for a long spot trade. This area has shown strength in maintaining the price, making it an ideal entry point. Trade Setup: Entry: Enter a long spot trade in the $141.50 - $150.00 area of support. Take Profit: First target: $164.00 - $176.00 Second target: $189.00 - $200.00 Stop Loss: Place the stop loss just below $135.00. 📊 Monitor the market closely and adjust your strategy as needed! #SOL #CryptoTrading #SupportTrade 🎯
Long
by Richtv_official
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
Sol-Usdt 4h chart Hello everyone, I would like to invite you to a quick review of SOL/USDT, taking into account the 4-hour interval. As you can see, the price moved up from the local downward trend line, but currently there is a downward movement, staying above the trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $142, then we have strong support at $130, and then a very strong support at $110. Looking the other way, you can see how the resistance at $162 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $176, and further towards the very strong resistance at $193. The RSI indicator shows an ongoing trend of recovery after the increase, but there is room for a renewed upward movement.
by cryptodailyuk
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
Tao/Sol: A New Chapter in the Sol/Eth SagaA new star emerged in the silent void, its light a whisper of ancient tales. Born from cosmic dust, it carried the echoes of those who once burned bright, their stories etched in the fabric of the universe. The star's glow reached out, finding a lone comet drifting through time. As they drew near, the comet felt the pull of a forgotten connection, a bond that transcended the ages. They spiraled together in a dance of light, repeating the history of their ancestors. Their union blazed across the heavens, a timeless tale reborn, written in the language of the stars.
Long
by CyperTrade
Solana and point of interestSolana crashed just based on FTX potential sell of FTX assets worth $3 billion. Many took this to mean that if they are approved for liquidation 1. Even if they approve, they will sell their assets in small parts once a week. 200millions worth not all 3b in one day! 2. If approved, then most likely transactions can go through the OTS, without much impact on the order books on exchanges If you take a look on this PA you can see order flow (red) We leave POI now this poi at -0.618 level local fib and this correction can be enough to mitigate market makers position. We leave EQ highs and top target with liquidity Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light