Solusdt
#SOL/USDT#SOL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 165.40
We have a trend to stabilize above the 100 moving average
Entry price 168.74
First target 173.74
Second target 179.42
Third target 186.14
SOL buy setupThe structure of SOL is bullish and in this structure we are looking for positions aligned with the structure in the movement origins.
We have specified the support range as demand on the chart.
We are looking for buy/long positions on this range.
Closing a daily candle below 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
SOLUSDT is demonstrating strong bullish ✉️ Pair: SOLUSDT
📈 Direction: Long
💯 Leverage: Max 20X
📊 Buy Level: Above $188
✋ Stop Loss: Below $165
✅ Target 1: $200
✅ Target 2: $215
✅ Target 3: $230
✅ Target 4: $260
SOLUSDT is demonstrating strong bullish momentum, advancing towards its all-time high (ATH) after recently breaking through key resistance levels. The current trajectory suggests a potential significant increase that could surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to protect your investments against unexpected market fluctuations.
Manage your risk – never trade with more than 1% of your capital on a single trade.
DONT FORGET TO BOOST US
Always choose bullish tokens to go long----SOLAfter BTC failed to stand above 70000, it did not fall much. The bulls seemed to intend to gather strength again to attack the 70000. The FOMC will be announced today. Although the market does not expect the FOMC to cut interest rates this time, time is passing and the best news is the absence of bad news. Employment data for July will be released on Friday. Yes, this is a great opportunity for BTC.
However, Altcoins do not want to take this risk. Most Altcoins are waiting for BTC to reach the target before taking action. Hah, you know why. Therefore, in the current environment, tokens that are still rising or maintaining fluctuation are good choices for trading, and and are less likely to be manipulated.
So, a month after the last article was published, SOL became the subject of our discussion again. At the 4h level, SOL prompted a BUY signal on July 15 and started a new rise after that. After the SOL hit 190 yesterday, it started to pull back, the wavy area came into play again, preventing further declines. The bullish trend in SOL is currently performing well.
If you are an investor with a low risk appetite, always choose a bullish token to go long, or a bearish token to go short.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
SOL SHORT Building upAnalysis:
Market Structure Shift (MSS): Awaiting confirmation below 187.52 for entry trigger 🛑
Fair Value Gap (FVG): Identified on the 4H chart (shaded grey area) 📊
Price Action: Bearish momentum expected to continue 📉
🎯 Entry: Below 187.52 on confirmation
🛡️ Stop Loss: Above 194.00
🏆 Take Profit: Targeting 176.80 🎯
📅 Time Frame: 4H Chart ⏰
🔔 Trade Plan:
Wait for a close below 187.52 for entry confirmation.
Set stop loss above the resistance at 194.00 to protect against potential reversals.
Aim for the take profit target at 176.80, where significant support is expected.
Potential price reversal and renewed growthOn a 4-hour chart Solana has reached significant levels that could indicate potential price reversal and renewed growth.
Possible Reversal Zones:
One of the critical reversal zones for Solana is in the range of $169 to $177. This area acts as a strong support level and can potentially cause a price reversal. A price encounter with these levels is likely to lead to a renewed pump and a move towards 200.
Price Target:
In the event of a reversal and renewed price growth, the price target for this analysis is $200. This level acts as an important resistance, and reaching it would indicate a significant price increase for Solana.
solanaHey guys
It seems that we can expect a reaction from the two specified price ranges.
On the thirty-minute time frame, a compression movement has been created and it seems that according to the signals issued by Ichi Moko; We can expect an upward trend up to the specified price area.
Keep in mind that if the marked red support area is completely consumed, the possibility of a downward trend to the $60 price area can be considered!!!
Is the news that QSOL is listed on the Toronto Stock Exchange true?
What do you think?
SOLUSDT, Tue 30 Jul, Simple Pattern & Simple Trade Position!The Price was hit the High of Last week!
Simple pattern was formed.
When The price (Rise up)reach to FVG in top
May Expect to have a High Profitable short trade !
Of course, it is possible to trade long until reaching the such FVG in 15m TF!
Happy Trade!
Is Solana at risk of a price reversal? What historic trends say:Solana (SOL), the world’s fourth-largest cryptocurrency, gained massive attention as it broke out of the crucial resistance level of $187.
Following SOL’s crucial breakout, there is a high chance that it could rise to the next resistance, which is near $204.
However, there is also a concern among the new investors about a potential price reversal from this upcoming resistance.
According to the historical data and price action, whenever SOL has reached the $204 level, it has consistently experienced a notable price reversal.
Since March 2024, SOL has reached this level twice and experienced a significant price reversal each time, which is the reason for the concern among new investors.
As of writing, SOL is trading near $184 and has experienced a 4.5% upside move in the last 24 hours. Despite an impressive price surge, trading volume has dropped by 18% over the same period.
This decline in trading volume might indicate that investors and traders are conscious of the resistance level due to the historical price reversal.
According to technical analysis, SOL recently broke out of the crucial resistance level of $187, and was heading toward the next resistance level of $204.
Following this breakout, there is a high possibility that SOL could reach the $204 level in the coming days.
Relative Strength Index (RSI) is above 50, signaling trend steadiness.
Also, major liquidation levels emerged near the $180 and $203 levels.
This creates a potentially bullish outlook for SOL.
Solana Soars: Breakout and Futures Fuel RallySolana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports.
The digital asset's ascent was marked by a decisive break above a key resistance point, a technical indicator often seen as bullish. This breakthrough suggests a potential shift in market sentiment, with investors becoming increasingly optimistic about Solana's prospects.
Adding fuel to the fire, Solana's futures open interest has been steadily climbing, nearing an all-time high. This metric, which represents the total number of outstanding futures contracts, is often interpreted as a measure of market interest and activity. The surge in open interest indicates growing investor engagement and potentially points to further price appreciation.
The broader cryptocurrency market has also experienced a resurgence, with a prevailing risk-on sentiment taking hold. As investors weigh the implications of potential monetary policy adjustments and corporate earnings, many opt to allocate capital to higher-risk assets like Solana.
While the recent rally is undoubtedly encouraging for Solana holders, it's essential to approach the market with caution. Cryptocurrencies are inherently volatile, and price fluctuations can be rapid and unpredictable. Factors such as regulatory developments, macroeconomic conditions, and project-specific news can all impact asset prices.
Technical analysts will be closely monitoring Solana's price action to identify potential support and resistance levels. If the cryptocurrency manages to consolidate its gains above the recently breached resistance, it could open the door for further upward momentum. However, a failure to hold onto these gains could lead to a retest of previous support levels.
As the cryptocurrency market continues to evolve, Solana's performance will be closely watched by investors and traders alike. The recent breakout and surge in future open interest has undoubtedly generated excitement, but it remains to be seen whether this momentum can be sustained.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
$SOL - LONG - SINCE $8CRYPTOCAP:SOL
July 2021 - CRYPTOCAP:SOL Breakout
vs
July 2024 - CRYPTOCAP:SOL Breakout
Patterns Don't Repeat, but Often Rhyme.
Been hooting and hollering on here since $8 CRYPTOCAP:SOL , this might be the last possible chance to safely enter $SOL.
GL HF. NFA.
#SOLANA
- @CryptoCurb
SOLANA to $300?SOLANA is approaching its higher timeframe key resistance.
If Bitcoin could hit 72k anytime this week, we can see SOL touching $200
I'd expect a rejection at this level, and a move down to $160-ish area is likely, where I would love to look for long.
$280 to $300 is the ideal short-term target in my opinion.
Phemex Analysis #10: Solana - Blinks, ETF, and a 60% Surge! The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory.
Market Context:
ETF Speculation: The anticipation of a Solana ETF, following the recent launch of Bitcoin and Ethereum ETFs, has injected a sense of optimism into the market. This speculation has contributed to the recent price surge.
Blinks Feature: The introduction of Solana's "Blinks" feature, a novel technology for faster and more efficient transactions, has generated significant buzz on social media platforms like X (formerly Twitter). This positive sentiment has likely played a role in the recent price gains.
Technical Analysis:
Resistance: SOL's price has encountered resistance around the $205-$210 level. This resistance zone represents a significant psychological barrier and could potentially cap further upside movement.
Support: A strong support level has been established at the $120-$110 range. This level represents a key area where buyers are likely to step in and prevent further price declines.
Possible Scenarios:
Bullish Breakout: A breakout above the $210 resistance level, accompanied by high trading volume, would signal a strong bullish sentiment. This scenario could potentially lead to a significant price rally, particularly if the overall market sentiment remains positive.
Strong Rejection at $210: If the price encounters strong selling pressure at the $210 resistance level, it could trigger a retracement towards the $130 or even the $110 support levels. This scenario could present a buying opportunity for investors who believe in SOL's long-term potential, as the price consolidates around these support levels.
Conclusion:
The recent surge in SOL's price has been driven by a combination of factors, including ETF speculation and the excitement surrounding the "Blinks" feature. While the current price action is bullish, it's important to recognize the potential resistance and support levels that could influence future price movements. Investors should carefully consider these technical factors and the broader market sentiment before making any trading decisions.
Note: Have you tried buying crypto on Phemex yet?
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected.
However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support.
The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high.
In my opinion, 300 is a reasonable target for Solana.
Clarifying Solana's Path Hey friends,
I always try to stay away from any specific news or events and focus solely on clarifying my path using Elliott Waves.
After spending some time analyzing Solana's chart, here's what I've found:
Solana has recently completed its fourth wave and has started forming its fifth wave. In the image, there's a clear parallel channel that I've explained.
The question is: What happens now? ☝️
There are two possibilities:
1. All five waves have formed correctly and completely.
2. The fifth wave is not complete and is still forming.
Let's examine both scenarios 🙌🏽. I'm approaching this with an unbiased perspective.
If the first scenario is correct and the five waves are complete, we are now in wave a, which could present good selling opportunities. If the second scenario is true, we are now in wave 2 of the five waves, which could present good buying opportunities.
But how can we determine which scenario will play out? I'd love to hear your thoughts, whatever they may be.
Your friend, Rabbit ❤️
SOL at critical resistance trendlineSOL is at a crucial resistance trendline in this weekly timeframe.
Here are two scenarios we can consider for SOL in a higher timeframe:
Bullish Scenario: If SOL closes above the $200 resistance trendline in the weekly TF, we are likely to see a decent rally and possibly a new all-time high.
Bearish Scenario: If SOL gets rejected from the $200 resistance level, it is possible to see a correction in SOL.
Fundamentally, SOL is a strong project, and with their meme coins, it is hard to imagine a 70% to 80% drop in SOL.
Technically, SOL is at a decisive point. The RSI is unable to gain momentum, indicating the formation of bearish divergence.
Consideration:
It will be wise to wait for the weekly close and let the chart show some confirmation, either bullish or bearish.
I hope this analysis helps you make a better decision.
Please do your own research and analysis for final confirmation.
Regards,
Team Dexter.