Solusdt
🔥SOL Is Close To The Buy Side And Trend Line SupportThe SOL price makes a local pump after test of the trendline. The biggest price support for Solana is at $16 (channel bottom and trendline).
Also pay your attention to the BUY and SELL side. If you open a trade at the bottom of the channel it would be better to close at least 30-40% at the top of it.
💥Bitcoin will show the direction for alts. So pay much attention to #1 crypto and Solana support levels.
If you bought it at the bottom of the channel and still hold, I would recommend you to not sell coins for now. At least 1 wave of growth will be soon.
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🔆 Bullish Outlook on SOL (Solana) 🔆🔍 Analysis:
Strong Performance: SOL has demonstrated significant growth over recent months, reflecting its strong fundamentals and market demand.
BTC Correlation: SOL's price movement is closely correlated with BTC's performance, suggesting potential for a substantial rebound once BTC finds support.
Entry Levels: Identified entry zones include $165-$180 and $120-$140, offering strategic points to capitalize on potential price movements.
Take Profit: Targeting resistance areas above entry points, such as $200-$220, to capture potential gains as SOL rallies.
💼 Trade Plan:
Entry Strategy: Consider entry at designated zones, prioritizing areas where SOL historically exhibited support or consolidation.
Profit Taking: Take profits at resistance levels corresponding to entry points, with $200-$220 as an example target area.
Risk Management: Implement a 5%-10% stop-loss below entry levels to mitigate downside risk and preserve capital in case of adverse price movements.
📊 Note: Stay informed about BTC's price action and broader market sentiment, as SOL's performance is closely tied to BTC's movements. Monitor SOL-specific developments and adjust trade parameters accordingly. #SOL #Bullish 🚀🌟
SOL USDT BULLISH ENTRY OF 250$ READ DESCRIPTION
Solana (SOL) stands out as a notable cryptocurrency with a market capitalization of $865 billion, securing its position as the fifth-ranked cryptocurrency by market capitalization. With a 24-hour trading volume of $40 million, SOL showcases substantial liquidity and active market participation, making it an appealing asset for traders and investors alike.
Examining SOL's price action, it currently resides within a crucial historical demand zone ranging from $192 to $194. This zone is notably attractive to major players and investors, serving as a key accumulation area. Additionally, a bullish divergence is observed within the $186 to $188 range, indicating a potential reversal in trend dynamics. Despite lower lows in prices at $186, diminishing selling volume suggests a possible trend reversal or bullish divergence, adding further weight to the bullish outlook.
From a technical standpoint, various indicators including RSI, Stochastic, Stochastic RSI, Ichimoku Cloud, Bollinger Bands, Super Trend, UT Bot Alert, SMA (10 to 200), EMA (10 to 200), HMA, and MACD all signal a robust buy sentiment. This convergence of technical signals underscores a compelling bullish case for SOL's future price movement.
Recent developments within the Solana ecosystem, particularly the introduction of the MANLET token on the Raydium project, highlight the growing decentralized finance (DeFi) landscape within Solana's blockchain. MANLET's liquidity and trading volume exemplify the increasing adoption of decentralized exchanges like Raydium and Orca, signaling a broader acceptance of Solana-based projects.
Analysts' anticipation of bullish momentum in MANLET's price trajectory further contributes to the positive sentiment surrounding Solana's ecosystem. The forecasted bullish waves and potential crossing of the $0.000006000 mark underscore optimistic prospects for the MANLET token and by extension, the Solana ecosystem.
In terms of trade strategy, targeting a profit margin of 33.5% presents an attractive opportunity for traders. With a favorable risk-to-reward ratio of 17.69%, traders can implement a disciplined approach to capitalize on SOL's potential upside while managing associated risks effectively.
By closely monitoring price movements within the historical demand zone and leveraging bullish signals from technical indicators, traders can aim to achieve profitable outcomes. Adhering to sound risk management principles and capitalizing on emerging opportunities within the Solana ecosystem are paramount to successful trading strategies in the cryptocurrency market.
In conclusion, SOL's promising fundamentals, coupled with bullish price action and favorable technical indicators, position it as an appealing asset for traders seeking lucrative opportunities in the cryptocurrency space. With prudent risk management and a keen eye on market developments, traders can navigate SOL's price movements effectively to realize profitable outcomes.
Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX.
If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run.
So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
SOL/USD & JUP/USD : Potential Long OpportunitiesIdentifying potential long opportunities in the crypto market, I'm currently monitoring BINANCE:JUPUSDT and BINANCE:SOLUSDT
BINANCE:SOLUSDT :
Entry: 197.06$ (or a close break above resistance if identified).
Stop-loss: 195.30$
Target 1: $210 (potential new high).
Target 2: $259 (longer-term bullish target).
Note: Consolidation around $210 could be a healthy sign before a further move upwards.
BINANCE:JUPUSDT :
Entry: 1.5628$
Stop-loss: 1.4500$
Target: Open-ended, aiming to hold for an extended uptrend if confirmed.
Key indicator: Price action around the 20EMA. A break below this level after a run up could indicate a potential reversal, prompting a reevaluation of the trade.
Overall strategy:
These setups prioritize risk management with clear stop-loss levels. Following price action around the moving averages will be crucial for trade management decisions.
SOL: Re-Accumulation After Decline (Decline already happened)Comparing Solana price action to this Wyckoff schematic known as "Re-accumulation After Decline" and it matches up beautifully. We should currently be in the LPS stages right before the next markup. Be careful with your entry obviously, because crypto doesn't always follow the rules, however we are definitely in a bull market and I'm looking long all day until proven otherwise, especially after finding this re-accumulation.
Suggested entry: At the bottom of this local consolidation range, which is currently sitting on top of our "lower accumulation" range highs. This needs to hold for the markup to play out. If we lose those highs, this idea will be invalidated
SOL ANALYSIS (1H)Solana seems to be forming a diametric in small time frames.
It is now in the middle of the bullish wave E of this diametric.
By maintaining the specified demand, it can move towards the target.
The first target is the red box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SOLANA UPDATES FOR THE BOYS
Here you go congrats to all haters who dislike my idea, I love them btw, they keep on boosting my ideas. well congrats maybe most of you got F-up since the fall and all you can say now is super bullish. well, you will not learn until you loss everything.
Bag holder @12$ not bad. sold at 95$. would I rebuy at 65-75$?
My idea is base on the previous, some comment there we go 145$, yes I agree but there is not straight line on making price predictions, maybe if you look at yearly that's a straight line.
Here is my other ideas for another buy Op, this is only my view.
This is not a financial advice. I will update CRYPTOCAP:SOL every time price goes to my analysis, because I have more haters than followers on this coin, hehe. Were the same I'm a holder too. don't be sad, I'm happy you earn too. but if you're on leveraging this then good luck with that thing.
Trade it or Hold it.
This is not a financial advice.
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SOLUSDT: Price is likely to continue to rise! SOLUSDT: Our previous analysis of SOLUSDT was conducted when the price was at $20. Given the current bullish sentiment in the cryptocurrency market, we believe that the price will continue to rise. Our revised target range is $240 to $300. However, due to the low trading volume during the Easter holidays, we recommend waiting for the market to return to normal volume before executing any trades. Please note that this analysis is specific to SOLUSDT and should not be compared to our previous analysis of BTCUSD, as the market dynamics and biases are different.
SOLANA : the king maker of this cycle ?Solana has been completely destroyed in 2022.
YTF flows express now a very telling picture: Solana was 98musd positive while ETH lost 125musd during the same period.
A few reasons to explain this phenomenon in my opinion:
- A very negative past: during 2022, Solana experienced a series of very negative events which heavily affected its price. At the lowest 2022 point, Solana was down 97% from ATH while ETH “only” suffered an 82% drawdown. This extreme reaction is probably causing now some catch up on the price (Solana is still down 86% from ATH while ETH value is -63,5%)
- A fundamental change: Solana did not market its “ETH 2.0” moment while bringing significant innovations to the chain. The dev team is still pushing things to get “Sol 2.0” up and running in the coming months. The rally leading to this anticipated moment could be like what we saw with ETH switching from PoW to PoS.
- The light at the end of the tunnel: Solana has some catalysts that are pushing the price for
o More clarity each day that passes with FTX assets liquidation procedure
o A vibrant ecosystem: the ongoing Breakpoint conference registered a record number of participants),
o An 1000+ active dev community and a 20% increase in daily active addresses on the Solana network since the beginning of the month
o Some positive news expected (the “airdrop season” from Solana defi is highly anticipated by market participants)
These points, on top of the “crypto unit bias”, are lining up to position Solana as a potential major winner of the next liquidity wave towards cryptocurrencies. On the technical analysis side: both SOLBTC & SOLETH weekly charts are above their short terms 13/25/34 EMA indicating an uptrend.
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion...
We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction.
It may happen, may not happen. If it happens, you know what to look for!
For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline.
See below to see where we are in the Elliott Wave schematic.
What do you guys think?
Goodluck and as always, trade safe!
SOLUSDTorderbook scalp play if it arises
monster bids on eth, big sell walls on btc but the buy pressure is there
so i guess we dip a little into the big eth bids and bounce for overall market move
solana has a large bid at 184 and a large sell at 197
so this trade is based off those two factors as well as the lowtimeframe trendline things shown
deviation to the lowside on the large uptrend and retesting the lowerside of that trendline
see if the chance arises...
Solana Price Analysis: Bulls Eye $230, $395, and $850 Targets
Solana Price Analysis: Bulls Eye $230, $395, and $850 Targets
Introduction
Solana (SOL) is a high-performance blockchain that has seen rapid growth in recent years. The SOL token has reached new all-time highs in 2021, and many analysts believe that it has the potential to continue to grow in the years to come.
In this article, we will take a look at the technical analysis of Solana. We will discuss the factors that have been driving the price of SOL higher, and we will identify potential target prices for the token.
Technical Analysis
The SOL/USD chart shows that the token has been in a strong uptrend since the beginning of 2021. The price has broken through several resistance levels, and it is now approaching its all-time high of $260.
The RSI indicator is above 70, which suggests that the token is overbought. However, the MACD indicator is still bullish, and the price is still above the 50-day moving average.
Target Prices
Based on the technical analysis, we believe that SOL has the potential to reach the following target prices:
$230
$395
$850
These target prices are based on the Fibonacci retracement levels. The 0.618 Fibonacci retracement level is at $230, the 0.786 Fibonacci retracement level is at $395, and the 1.0 Fibonacci retracement level is at $850.
Conclusion
Solana is a high-performance blockchain with a bright future. The SOL token has been in a strong uptrend since the beginning of 2021, and we believe that it has the potential to continue to grow in the years to come.
We believe that SOL has the potential to reach the following target prices:
$230
$395
$850
These target prices are based on the Fibonacci retracement levels.
This article is for informational purposes only and should not be considered as investment advice. Do your own research before making any investment decisions.
📈SOL Technical Analysis: Key Resistance Breakout Expected🔑🔍Today, it's Thursday and the Solana (SOL) price on the 4-hour timeframe indicates a consolidating pattern.
Over the past few days, SOL has approached the critical resistance level at $195.03. After testing this level once and then experiencing a fakeout, it retraced twice. This suggests $195.03 as a significant level, potentially marking the beginning of the next upward movement upon breakout.
📊Moreover, SOL's trading volume has decreased compared to its parabolic phase, reflecting decreased market excitement. Patiently waiting for the breakout above $195.03 is crucial for significant volumes to enter the market.
🚀Applying Fibonacci retracement tool reveals a correction to the 0.382 level, forming a range between 0.382 and 0 levels.
📈For long positions, consider entering after the breakout above $195.03, offering a favorable trigger point. If the breakout sustains without a fakeout, it could be one of the best entry points for the next upward movement.
📉As for short positions, exercising patience until SOL tests the range further, or alternatively, entering after the breakdown below $168.87, pending confirmation by the Dow Theory.
⚡️By staying vigilant and strategic, traders can capitalize on potential opportunities in SOL's price movements.
SOL: trade by leg📊Analysis by AhmadArz:
🔍Entry: 190.15
🛑Stop Loss: 186.06
🎯Take Profit: 194.40-198.59-209.32
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
SOLUSDT.1WReviewing the SOL/USDT chart, I'm looking at a 1-WEEK timeframe capturing SOL's price action against USDT. The use of the Ichimoku Cloud, RSI, and MACD provides a comprehensive view for technical analysis.
The Ichimoku Cloud presents a bullish outlook as the price is positioned above the cloud, and the cloud itself appears to be expanding, which may indicate increasing bullish momentum. The conversion line is above the base line and the price, reinforcing this bullish sentiment. However, the lagging span is intersecting with the price action, which sometimes can precede a consolidation or a change in direction.
The RSI reads above 70, hinting at overbought conditions. While this doesn't necessarily predict a reversal, it does suggest that some traders might start to consider taking profits, which could lead to a pullback.
MACD shows a bullish crossover with the MACD line above the signal line, and the histogram reflects growing bullish momentum. However, I notice a decrease in the histogram's bars, which could signal that the momentum might be waning.
Key resistance (R1) stands at 201.72 USDT, with a significant peak (R2) at 265.09 USDT. These levels might act as upside targets in the event of continued bullish behavior. On the downside, the first support (S1) is at 129.01 USDT, and a further substantial support (S2) is at 63.93 USDT. These would be areas where I would consider buying opportunities on dips, as long as the overall bullish structure remains intact.
In my trading plan, given the current overbought RSI, I would be cautious about entering new long positions at these levels. Instead, I might look for a retest of S1 for a better risk-reward entry point. If the price sustains above R1, I would monitor for a potential breakout towards R2, keeping in mind the potential for a short-term retracement due to the overbought RSI.
I would remain vigilant for any bearish signals, such as a break below the Ichimoku Cloud or a bearish MACD crossover, which could indicate a deeper correction or trend reversal. It's essential to keep an eye on the broader market sentiment and any fundamental developments that could impact SOL's price.
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈
If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024.
This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal.
Here's the original post I made in January when I first starting watching this fractal:
From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot:
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop.
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BINANCE:SOLUSDT COINBASE:SOLUSD