Get started

Solusdt

Solana (SOL) Price Analysis: W Pattern Breakout SignalsSolana (SOL) has formed a bullish W pattern on its 4 hour chart, suggesting a potential surge to $219. The W pattern is a technical reversal pattern that indicates a bullish trend reversal. It is characterized by three consecutive troughs, with the middle trough being lower than the other two. The pattern is considered complete when the price breaks above the resistance level, which is the neckline of the W pattern. Good luck to Solana holders!
Long
by apartamenti
Solana (SOL) Technical Analysis - March 24, 2024Solana Eyes Resistance Breakout - Will Bulls Charge Towards All-Time Highs? What is Solana (SOL)? Launched in 2020, Solana is a high-performance blockchain platform designed to address scalability issues plaguing some older blockchains like Ethereum. Solana boasts fast transaction speeds and low fees, making it a viable platform for decentralized applications (dApps) and the development of Web3 technologies. SOL is the native cryptocurrency of the Solana blockchain and serves several purposes: Transaction fees: Users pay SOL to interact with the Solana network and execute transactions. Staking: SOL holders can stake their tokens to earn rewards and contribute to the security of the network. Governance: SOL holders have voting rights on proposals that shape the future of the Solana ecosystem. Solana's History and Price Performance: Developed by Anatoly Yakovenko, Solana gained significant traction in 2021 due to its focus on scalability and its position as a potential "Ethereum killer." The price of SOL skyrocketed from around $5 in early 2021 to an all-time high of $259.90 in September 2021. Since then, the market has undergone correction, but SOL remains a prominent player in the cryptocurrency space. Solana (SOL) Analysis Following a strong rally, Solana is currently undergoing a corrective phase. After more than doubling in price in under a month, SOL is consolidating its gains. Key Technical Levels: Resistance: $191.77 (critical breakout level), $208.69 (next resistance) Support: $154.44 (current support), $140.00, $125.55 All-Time High (ATH): $259.90 (reached in September 2021) All-Time Low (ATL): $0.50 (reached in April 2020) Solana's Climb and Potential Breakout: SOL faces a significant resistance barrier at $191.77. A decisive break above this level could trigger a strong upswing towards the all-time high of $259.90. Conversely, failure to breach this resistance might lead to a pullback towards the support zone around $140.00. Similar Coins to Consider: Cardano (ADA): Another smart contracts platform focused on scalability. Polkadot (DOT): A blockchain protocol facilitating communication between different blockchains. Avalanche (AVAX): A high-throughput smart contracts platform like Solana. Conclusion: Solana is at a crossroads. A successful breakout above $191.77 could reignite the bullish momentum and propel SOL towards its record highs. However, a rejection at this level indicates a potential decline. Important Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and employ proper risk management strategies before trading any cryptocurrency. Volatility Warning: The cryptocurrency market is inherently volatile. The price of Solana can fluctuate significantly in a short period.
Long
by atamq
Solana At Crossroads: Bullish Breakout or Bearish Pullback?Solana (SOL), the high-speed blockchain network, finds itself at a critical juncture, currently hovering around $172. Analysts are divided on the token's next move, with some predicting a bullish surge and others anticipating a potential correction. Bullish Trajectory: Aiming for the Stars Optimists envision a parabolic ascent for Solana. The predicted price path outlines a series of significant milestones: A. Initial Thrust : Surpassing its current resistance at $172, SOL could climb to $200. B. Breaking Barriers : Further momentum could propel the token to $260, followed by a potential retracement to $190. C. Sky's the Limit : The most bullish scenario envisions a surge beyond $500, potentially reaching a staggering $630. Second Scenario: A More Volatile Ride An alternative scenario suggests a period of heightened volatility. This path includes: A. Retesting Support : SOL might revisit the $100 price point before initiating a climb. B. Gradual Climb : The token could then experience a steadier ascent, reaching $180 followed by a pullback to $130. C. Rally and Consolidation : A potential rally towards $260 could be met with consolidation around $170. D. Long-Term Bullishness : Despite the mid-term fluctuations, this scenario also predicts a surge toward $500, with a possibility of reaching an even higher target of $800. Third Scenario: Facing the Bearish Threat A bearish scenario paints a less optimistic picture. I predict a potential drop: A. Sharp Decline : SOL could witness a significant fall, reaching as low as $70. B. Limited Recovery : A potential rebound might see the price climb back to $100, followed by a rise to $130. C. Downturn : However, this scenario concludes with a price reversal, potentially reaching $94. I advise Investors and traders to conduct thorough research and implement sound risk management strategies before making any investment decisions.
by Z4F4R
SOLANA per $1000 is real and when?SOLANA has shown its resilience and dexterity of the project creators. They managed to revive a project that seemed to have drowned along with FTX We described it in more detail here: During 2023, the SOLUSD price approached ATH in percentage terms, closer than the price of BTC. Where is the current high? - Perhaps it is already there, or perhaps there will be another attempt to make another breakout to the $148-158 range - there is a strong liquid zone there. It is worth remembering that the "large FTX stocks" are in SOL and still have to be sold off to pay off creditors. Therefore, just in case, you can and should set up buckets to buy SOLUSDT at $70-80 and $45-50. And from there, only x15-x20 growth during the next possible bull cycle will bring the coveted $1000-1100 for SOL _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
19
Market Update - March 22, 2024 BTC drops below $61K for the first time since the start of March: Investor confidence dwindled as the market saw the first consecutive negative outflow days for the Bitcoin ETFs this month, with Grayscale Bitcoin Trust (GBTC) experiencing its biggest outflow since launch of $642.5M on Monday, followed by another sizeable $443.5M outflow on Tuesday. Fed keeps interest rates unchanged: The US Federal Reserve held interest rates at the May FOMC meeting, but is still anticipating three cuts by the end of the year. This was widely celebrated by markets as the S&P 500 and Nasdaq set a new all-time high and bitcoin reclaimed $67K. Hope for ETH ETF approval by the Securities and Exchange Commission (SEC) dwindling: The price of Ether (ETH) experienced a fairly dramatic fall this week from $3.64K to as low as $3.06K on Wednesday morning. The fall was in response to a recent sentiment shift around the possible ETH ETF approval in the coming months. Recent SEC delays to proposals from VanEck, Ark, Hashdex and Grayscale, along with comments from prominent ETF analyst James Seyffart suggesting the SEC will decline these approvals, have lowered confidence among investors. SOL defies market downward trend and breaks above $200: For the first time in two years, Solana (SOL) broke above $200 this week, with analysts suggesting this could be linked to the large surge in activity on the Solana network, which has been driven by a frenzy for newly launched Solana-based memecoins. AI fascination continues as NVIDIA AI conference kicks off this week: The conference caused a short-lived rally in AI tokens, despite the overall downward market trend in the market this week, with Render (RNDR), Akash (AKT), Fetch.AI (FET) and Bittensor (TAO) all posted double-digit gains. 🌸 Topic of the Week: The Solana Blockchain 👉 Read more here
GEMINI:BTCUSD
by Gemini
Solana (SOLUSDT): Potential Long Trade SetupSolana ( BINANCE:SOLUSDT ) The Solana chart suggests a potential long trade opportunity based on several technical points: Bullish Major Channel (Main Macro Channel): The price has reached the bottom of a bullish major channel, indicating possible support. Upward Zig-Zag Movement: The presence of multiple ascending mini-channels within the main channel suggests a long-term upward trend with potential for volatility. Five-Wave Pattern Formation: The completion of waves one and two within a bullish mini-channel hints at the formation of a larger five-wave pattern, potentially leading to a price increase. Moving Average Resistance: A break above the resistance formed by the accumulation of moving averages could signal a strong upward move and a potential entry point for a long trade. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
Long
by Arash-RK
Solana - IMPORTANT Support Zone will be TESTEDHi Traders, Investors and Speculators of Charts Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL. SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. ✅ 👉 Technical Indicator SHORT TERM is overbought indicating a correction is overdue 👉 Support zone at $153 is critical to hold 👉 Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern. Overbought indicates a correction is overdue: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 KUCOIN:SOLUSDT
Short
by CryptoCheck-
1
$SOL Market Cap Long to $500B - '21 $ETH vs '24 $SOL2021 CRYPTOCAP:ETH VS 2024 CRYPTOCAP:SOL from: 10B Market Cap to: 500B Market Cap enjoy the ride, the cycle is young ✨ #SOLANA ⚡️ --- this is a study on fractals and market cycles. I have studied this '20-'21 ETH fractal in comparison with the '23-'24 CRYPTOCAP:SOL chart in great depth going back 2 years to when SOL was $8. ---REFERENCE my prior publishings to learn more. links to some of them are BELOW! GL HF NFA <3 TLDR - CRYPTOCAP:SOL is going to give CRYPTOCAP:ETH a run for its money. Enjoy the show. Been in since $8 and still just as bullish as before. -@CryptoCurb
CRYPTOCAP:SOLLong
by CryptoCurb
2
Cryptolean Solana SOL Update In the daily chart, Solana found a support at $167. A daily candle closure above $186 will push Solana price towards the key Cryptolean resistance zone of $202-$209 and, possibly, higher. An inability to sustain the price action above $167 will result in price declining towards $144-$151 the key daily support. Intraday Chart The intraday chart of #SOLUSDT is neutral. A bullish rejection of $168 will push #Solana price towards $194, however to become bullish again, SOL has to break it to the upside and sustain price action above this level. An inability to hold price above $168 could result in a bearish move to $154 support and, possibly, lower to $126-$138.
by Trade-Lean
SOL/USDT bullish reversal from key support? 🚀SOL Analysis💎 Paradisers, keep your eyes on #SOLUSDT! It's approaching a critical support at $150.84. With momentum on our side and a successful closure of a green candle above this mark, we anticipate a bullish journey towards the $210.48 resistance. 💎 Should #SOLANA dip below $150.84, fear not—we have a contingency at $127.14. Imagine this level as a springboard, primed to catapult prices upward once again. 💎 A cautionary note: breaching this secondary line of defense could signal a continued downward trend as selling pressure mounts. Being alert and prepared to pivot is crucial as we navigate the unfolding scenario with #SOL.
Long
by MyCryptoParadise
2
When will bullish trend of Solana end ?(Price and time analysis)Hello everyone, I hope you're all doing well. It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5. Keep in mind that both FVGs have filled out the weekly important points. I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards. (Because Solana is very Savage.) Time analysis: In the Solana dominance chart, two days are significant: - Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange. - The last day is April 13th. In summary, be cautious with your positions over these 25 days. P.S : The SOL.D chart is for yesterday. I suggest you thoroughly read the analyses linked below: USDT.D BTC.D BTCUSDT I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy. The RSI indicator also suggests a complete cycle. After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle. ....
Short
by Sadegh_Sh
12
Rallying Regardless of Bitcoin's DipSOL is demonstrating remarkable resilience in the current market, consistently trending upwards despite Bitcoin's recent volatility. The latest hour shows SOL trading at $202, marking a solid upward movement with an impressive last day change of over 11%. The technicals paint a bullish picture with both MACD and RSI indicating strong momentum. The MACD histogram is positive, and the MACD line is above the signal line, suggesting continued bullish momentum. The RSI is not yet in the overbought territory, indicating there may still be room for upward price movement before encountering the typical reversal zone. We should take note of the upper Bollinger Band, which SOL is currently testing. This is often seen as a potential resistance area. If SOL can break through this, we might see continued upward movement, but a rejection could lead to a short-term pullback as indicated on the chart. Volume remains robust, reinforcing the strength of the current price trend. The 1-hour chart showcases SOL’s potential to establish new support levels if the rally sustains. We should monitor for any signs of a breakthrough or rejection at the upper Bollinger Band and the static resistance level for potential entries or exits. This solid performance of SOL/USDT, especially its decoupling from Bitcoin's downtrend, underlines the unique market dynamics that individual cryptocurrencies can exhibit. While Bitcoin often influences the broader market, SOL's current trajectory showcases how strong fundamentals or project-specific news can drive independent price action. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
7