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SOLUSDT Set to Break ATH, Watch for Big Up move.SOLUSDT is demonstrating strong bullish momentum as it advances towards its all-time high (ATH), having recently broken through key resistance levels. With the current trajectory suggesting a potential surge, traders can expect a significant upward movement that may surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to safeguard your investments against unexpected market fluctuations. SOLUSDT (1D Chart) Technical analysis SOLUSDT (1D Chart) Currently trading at $193 Buy level: Above $188 Stop loss: Below $165 TP1: $200 TP2: $215 TP3: $230 TP4: $260 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Bitcoin Rallies Back to $60K Despite Soft Economic Data & MoreTakeaways Bitcoin's value dropped below $50,000 early this week, marking its lowest point since mid-February: But prices quickly bounced back, briefly pushing near $60,000 on Thursday, as major indices regained their footing despite fears of a US recession. Amid global market turbulence, US spot Bitcoin ETFs saw $168.4 million in net outflows on Monday: Grayscale’s GBTC led the withdrawals, while macroeconomic issues and crypto-specific factors intensified the market selloff. Crypto coalition asks for clarity on digital assets: A group of more than 50 crypto asset firms, dubbed The Crypto Market Integrity Coalition, wrote a letter to President Joe Biden and Vice President Kamala Harris asking the White House for more regulatory clarity around digital assets. New Ethereum wallet addresses have fallen to their lowest level this year amid the launch of spot ether ETFs: Solana, however, saw an uptick in new addresses due to its growing DEX ecosystem and interest in memecoins. Ripple is advancing its stablecoin strategy with the upcoming launch of Ripple USD (RLUSD): Set to debut on XRP Ledger and Ethereum, RLUSD will reportedly help advance the company’s focus on cross-border transaction innovation. Bitcoin Drops Below the $50,000, then Pushes Back to $60,000 Amid Economic and Geopolitical Concerns Bitcoin saw its fourth consecutive day of decline during Asian trading on Monday, plummeting under $50,000 before recovering to around $60,000 at the midpoint of the week. The cryptocurrency's downturn is attributed to increasing geopolitical tensions in the Middle East and growing concerns about the global economy, both of which have shaken investor confidence. Many are also concerned the Federal Reserve has not been fast enough in responding to signs of a weakening US economy. Gemini data indicates that bitcoin hit a low of $49,540 before slightly rebounding. Meanwhile, ether fell to almost $2,000, its weakest point since early January this year. This sell-off resulted in more than $1 billion worth of liquidations in the crypto futures market, with ether accounting for more than $350 million. The sharp decline in cryptocurrency values was part of a broader market downturn fueled by fears of a global recession, turmoil in Japan’s market, and heightened tensions in the Middle East. The start of the week was not positive for global markets. Japan's Nikkei 225 Index tumbled by 12.4%, the Stoxx Europe 600 Index decreased by 2.8%, and S&P 500 micro futures lost 2.9%. The NASDAQ also tumbled by almost 2.5%. This panic selling reflects investor anxieties about potential economic instability and geopolitical unrest. 🏖️ Topic of the Week: Solana (SOL): Scaling Crypto to the Masses ➡️ Read more here
GEMINI:BTCUSD
by Gemini
Solana: The High-Performance Challenger to Ethereum Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike. One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming. Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory. Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance. Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana. However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing. In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
#SOL/USDT#SOL The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it We have a major support level in green at a price of 120 We have a trend to stabilize above the moving average of 100, which supports the rise Entry price 150 First target 164 Second target 174 Third target 184
Long
by CryptoAnalystSignal
Solana to $300?Imho, the worse is likely in and even if we get a pullback, we'll chop around near the lows. - Swing failure at range low - Previous lows and range low defended - Previous year high defended - Reclaimed 200MA on daily - Reclaimed POC - Time + Price based capitulation likely done - Possible selling climax in Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
BINANCE:SOLUSDLong
by johntradingwick
2
Is money moving from Ethereum to Solana?Solana quoted in Ether is in a decisive region. It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap. It is interesting to note that Solana's TVL¹ is still 9% of Ethereum . We obtain this number by dividing the TVL's. So the chart shows a break above the 2021 all-time high, when it was 8.64%: However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down. ¹ Total Value Locked: total value of assets that are locked in a DeFi protocol through smart contracts
by andre_007
1
SOL - Reversal Trade#SOL/USDT #Analysis Description --------------------------------------------------------------- + The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH). + There is a favorable trading opportunity from the current support zone up to the resistance level. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 143.79 Stop Loss: 106.86 ------------------------------ Target 1: 160.52 Target 2: 172.89 Target 3: 194.87 Target 4: 233.20 ------------------------------ Timeframe: 3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOL/USDT NEW INCREASE VOLUMESOL/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Long
by SatochiTrader
SOL maintaining an upward trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point. Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62). - (1W chart) We need to check if it can continue the upward trend along the upward trend line. If not, 1st: 0.5 (98.71) ~ 0.618 (119.71) 2nd: 0.236 (51.71) ~ 0.382 (77.70) You need to check the support near the 1st and 2nd above. - (1D chart) Unlike most other coins, it is one of the coins that is maintaining an upward trend. Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave. - A new buy zone is possible when support is confirmed near 134.96-147.74. If it rises, the 168.41-179.89 zone will be the first sell zone. Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds. The stop loss point is 112.24. Since the stop loss point is far away, investment weight adjustment is necessary. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target? Understanding the Falling Wedge A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal. If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof. Factors Influencing Solana's Recovery Several factors will determine whether Solana can achieve its $170 target. • Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery. • Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens. • Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm. • Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price. Challenges Ahead While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share. Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices. Conclusion The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively. Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
You said "SOLANA NETWORK", I said "SOLANA NOTWORK"...You said "SOLANA NETWORK", I said "SOLANA NOTWORK"... There was a drastic move for more than 40% without any corrections. Strange thing is that during such a huge moves, solana quite often goes down. This time it was working perfectly, which is kind of "strange". This gives to me the sign, that it could be only the start for the "things goes wrong way completely". Also, for the SAGA2 the team has collected more than 45bln$ on 100 000 preorders, while mcap. is 65bln$ at the moment. After that, the different projects have airdropped to the people who preorder, in total more than the preorder price of the SAGA2. Strange to be so generous for the NEW projects/tokens/memes as there is no direct interest for them + you need to have quite big capital to do the charity like that. From the logic point of view, it looks like solana stands behind all that projects who has dropped more than 10$ per user. So, from where to take the money to cover that airdrops, if the users has received more than 45bln$ as an airdrop? I suppose, that in next strong move, we will see the network to goes down for a while in order to push to sell. As we look on the chart, after the 40% move down, we are sitting exactly below the pierced level where the reaction was quite strong from it. Targets are marked on chart. Guess we will see some accumulation, but think that it will be short. After that we will continue digging down in search of the budget. Thoughts above - it is only my opinion, and not a financial advice. DYOR
Short
by Dirtypaws
1
Solana (SOL): where to next?Solana (SOL) has been oscillating between $116 and $210 for several months, indicating buying on dips and selling on rallies. The price rebounded off the solid support at $116, signaling that the bulls are active at lower levels. The SOL/USDT pair could reach the moving averages, which are the key resistance level to keep an eye on. If the price turns down from the moving averages, the bears will try to sink the pair below $116. If they succeed, the fall could reach $100 and then $80. On the upside, a close above the moving averages will suggest that the selling pressure is reducing. The pair may extend its stay inside the large range for a few more days.
by paul_endeo
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis: Technical Analysis Resistance and Support Levels (R1, R2, S1, S2, S3): The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96). Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal. MACD Indicator: The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet. RSI: The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions. Conclusion Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics. For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.
by MarsSignals
VIX Spike to 'Covid' Crash Levels... What Happens NextThe last time the VIX spiked this high was during the March 2020 Covid 'Crash' which was followed by an epic Bull run after that, and proved to be one of the best buying opportunities. With Japan's unwinding of their 'Carry Trade' and overall US stock market correction, the FED is likely to do an emergency rate cut this month. And the US elections are coming up, which likely means QE to prop up the economy, as the the next liquidity cycle begins... So this could be a great signal to flip back to Bullish in the crypto markets. Fear and Greed is also down to 25, which is another good indicator of sentiment reverting to the mean and back toward Greed sooner than later. I'm buying, and happy my limit buy orders from yesterdy for SOL at $115, $120, and $125 all filled today and already are in profit.
CBOE:VIXLong
by BrettFogle
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.
by benjaminxbt