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SOLANA

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Solana (SOL) Critical Support! Will It Bounce or Break Down?📉 Technical Analysis (Weekly Timeframe) Market Structure & Trendlines * SOL has been consolidating within a rising trendline support while facing resistance at $210 - $220. * The ascending trendline support from 2023 remains intact, providing a potential bounce level near $190 - $195. * A break below $190 could trigger further downside, while a successful hold and bounce could retest previous highs. Indicators Analysis * MACD: Shows a bearish crossover, indicating downward momentum. The histogram is negative, suggesting a potential continuation of the pullback. * Stochastic RSI: Currently oversold, sitting near 10.62, which means a bounce could be imminent if buying pressure emerges. Key Support & Resistance Levels * Immediate Support: $190 - $195 (Trendline support) * Major Support: $165 - $170 (Next demand zone if trendline breaks) * Resistance 1: $210 - $220 (Current rejection zone) * Resistance 2: $250+ (Breakout target if the trend remains intact) 💡 Trade Scenarios Bullish Outlook (If $190 Holds) * Entry: Around $190 - $195 * Target 1: $210 - $220 (First breakout level) * Target 2: $250+ (Full recovery potential) * Stop Loss: Below $185 (Trendline failure) Bearish Outlook (If $190 Breaks) * Entry: Below $190 * Target 1: $170 * Target 2: $150 * Stop Loss: Above $200 (Reversal invalidation) ⚠️ My Final Thoughts * SOL is at a make-or-break level near $190 - $195. * Holding above $190 could trigger a bounce to $210+, while a break below may lead to $165 - $170 next. * Oversold conditions suggest a possible rebound, but MACD remains bearish, so confirmation is needed. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk properly.
TRADENATION:SOLANALong
by BullBearInsights
Franklin Templeton Joins Solana ETF Race: A Game-Changer for SOLThe race for a Solana ( CRYPTOCAP:SOL ) ETF is heating up, and Franklin Templeton has just thrown its hat into the ring. The global investment giant has filed documents in Delaware to register the Franklin Solana Trust, marking a significant step toward launching a spot Solana ETF. This move comes hot on the heels of similar filings by VanEck, Grayscale, and Canary Capital, signaling growing institutional interest in Solana. But with CRYPTOCAP:SOL ’s price down 3.34% in the last 24 hours and 9.99% over the past week, is this ETF momentum enough to reverse the bearish trend? Let’s break it down. Institutional Adoption Heats Up Franklin Templeton’s entry into the Solana ETF race is a major vote of confidence for the blockchain platform. Known for its high-speed transactions and low fees, Solana has become a favorite among developers and users alike. Now, with institutional heavyweights like Franklin Templeton, VanEck, and Grayscale vying for a Solana ETF, the cryptocurrency is poised to gain even broader recognition. Key Developments: 1. Franklin Solana Trust: Franklin Templeton’s filing in Delaware is the first step toward launching a spot Solana ETF. While the SEC has yet to approve any Solana ETF, the growing number of applications highlights the asset’s potential. 2. SEC’s Stance: The SEC has acknowledged filings from Grayscale and Canary Capital, opening a 21-day public comment period. However, Solana’s classification as an unregistered security remains a hurdle. Analysts suggest that Litecoin and Hedera ETFs might have a better chance of approval due to their clearer regulatory standing. 3. Franklin’s Crypto Index ETF: Franklin Templeton has also filed for a **Crypto Index ETF**, which initially tracks Bitcoin and Ethereum but could expand to include other altcoins like Solana. This shows the firm’s long-term commitment to the crypto space. Technical Analysis Despite the bullish news, Solana’s price action tells a different story. Here’s what the charts are saying: CRYPTOCAP:SOL is currently trading at $195, down 2.36% in the last 24 hours. The token has struggled to maintain momentum, with a 9.99% drop over the past week.The Relative Strength Index (RSI) is in bearish territory at 41, indicating that selling pressure outweighs buying interest. This suggests that CRYPTOCAP:SOL could face further downside before finding support. If Bitcoin dips to $90,000, CRYPTOCAP:SOL could test the $180–$160 zone, a critical support area. However, a breakout above $240 (38.2% Fibonacci retracement level) could reignite bullish momentum, potentially pushing CRYPTOCAP:SOL toward its all-time high of $270. Solana’s 24-hour trading volume is down 14.03% to $3.81 billion, despite its $95.94 billion market cap. This divergence suggests that retail interest may be waning, even as institutional demand grows. Conclusion Franklin Templeton’s entry into the Solana ETF race underscores the growing institutional interest in the blockchain platform. While the current price action is bearish, the potential approval of a Solana ETF could be a game-changer, driving CRYPTOCAP:SOL to new heights. For now, investors should keep an eye on key support and resistance levels, as well as regulatory developments. Will Solana break out of its slump and reclaim its all-time high? Only time will tell, but one thing is clear: the race for a Solana ETF is just getting started.
COINBASE:SOLUSDLong
by DEXWireNews
Scalping & Mid-Term Analysis for Solana 2-11Market Overview: Trend: Solana is currently holding above the 200 EMA, signaling a potential support zone but struggling to maintain upside momentum. Key Levels: Resistance: ~$210 - $215 Support: ~$190 (EMA 200), ~$175 (stronger support) Indicators: MACD: Bearish crossover, indicating potential weakness. RSI: At 42.7, showing no strong overbought/oversold signals. Volume: Declining, suggesting market indecision. 🔥 Scalping Strategy: 🩸 1. Range Scalping (Short-Term Play) Why? SOL is holding near the 200 EMA, making it a key liquidity zone. How? Buy near $190, targeting a bounce to $202 - $210. Sell near $210 - $215, as resistance is strong. Stop-loss below $188, as further downside could accelerate. 🩸 2. Breakout Scalping (If Trend Resumes) Trigger: A breakout above $215 or breakdown below $190. Execution: If SOL breaks $215, scalp long targeting $225 - $230. If SOL drops below $190, scalp short targeting $175 - $170. 🩸 3. EMA Scalping Why? SOL is hovering around the 200 EMA, which is a critical pivot point. Execution: Short near EMA 9 (~$202 - $205) if price fails to reclaim it. Go long only if price holds above $200 with strong volume. 🔥 Mid-Term Trend Forecast (1-3 Weeks) Bias: Neutral → Bearish if $190 breaks Why? Failure to reclaim $210-215 resistance weakens bullish momentum. Holding the 200 EMA ($190) is crucial for bulls. A breakdown opens the door to $175. RSI is weak, showing no strong bullish confirmation yet. If SOL breaks above $215, a run to $230-$240 is possible. 🔥 News & Market Context: No major bullish catalysts, so Solana is dependent on Bitcoin's direction. Whales may test liquidity below $190 before a stronger reversal. Watch for increased volume as a confirmation trigger. 🔥 Decision: Enter or Stay Out? 🩸 Short-term: Scalping is viable within the range, but caution is advised. 🩸 Mid-term: Bearish unless SOL breaks and holds above $215. 🩸 Ideal Play: Look for a bounce from $190 or short resistance near $210. 👑 Final Verdict: $190 is the battleground. Bulls must defend or risk a drop to $175. If $215 breaks, upside potential opens. 🔥
CRYPTO:SOLUSD
by FinCaesar
Solana With Another Clear Long Signal Given!Trading Fam, Not too much to say here other than the fact that my indicator has recently given us another very clear buy signal inside our liquidity block after hitting support. This alone is all we needed for entry but if you're not familiar with how accurate my indicator has been for us on these larger cap/large volume tokens, then you can see below we also have plenty of confirmation from the Heiken-Ashi, RSI, and MACD. Here we go! ✌️ Stew
COINBASE:SOLUSDLong
by stewdamus
SOLANA is about to explode - 320$ Incoming Listen yall avaricious retailers. Stop gambling and start working professionally. Open a position with 10x leverage. Lets say you have 1000$ in your Futures Wallet. Use 200$ margin with 5x Tackle your liquidation price (it should be below 50$ mark while opening position) No need for Dollar Cost Averaging in this trade. Kiss my rooster after a few days 😂 Yall dumb money chasing naive unprofessional unserious crappy traders better get the f***k outta mu market or start working professionally because this BULL RUN we’ll suck your souls away.
CRYPTO:SOLUSDLong
by JohnnyPlayerOfficial
Solana (SOL): Symmetrical Triangle Nearing Decision PointOverview: Solana (SOL) has been in a three-week downtrend, forming a symmetrical triangle pattern on the chart. The price is currently approaching a key trendline resistance and a supply zone, making this a crucial moment for price action. Key Technical Observations: Downtrend Structure: SOL has been respecting a downward trendline with four touchpoints, indicating strong seller dominance. Symmetrical Triangle Formation: This pattern suggests a potential breakout scenario, with price compression indicating an imminent move. Supply Zone Resistance: The price is nearing a critical supply zone, where previous rejections have occurred. Volume Analysis: Declining volume within the triangle suggests a potential volatility spike upon breakout. Potential Scenarios: Bullish Breakout: A break above the downward trendline with increased volume could trigger a move toward 240-260 resistance, potentially flipping the trend bullish. Bearish Breakdown: If SOL fails to reclaim the trendline, rejection from the supply zone could lead to a continuation of the downtrend, targeting lower support near 140-160. Confirmation & Invalidations: Break & Close Above Resistance: A daily close above the trendline with strong volume confirms a bullish breakout. Rejection & Breakdown: If SOL gets rejected and breaks below triangle support, it may revisit lower support levels. 📌 Key Levels to Watch: Support: $190-200 (Trendline & Supply Zone) 🔥 Conclusion: SOL is at a make-or-break point as it approaches trendline resistance within a symmetrical triangle. Traders should watch for breakout confirmations, volume spikes, and momentum shifts before positioning for the next move. 🚀
CRYPTO:SOLUSDLong
by Trader_D0N
Solana Analysis Solana Analysis Solana is currently finding robust support on the daily chart, as indicated by the significant impact of the recent bearish trend that has dominated the cryptocurrency market over the past week. A rebound towards a bullish trend is anticipated, as the asset has recently bounced off this strong support level. Please note that this is my personal analysis and should not be construed as financial advice to invest in or purchase this asset. It is crucial to exercise your own judgment and conduct thorough research and analysis prior to making any investment decisions. Trade cautiously and ensure you fully understand the associated risks before executing any trades Cheers!!
BINANCE:SOLUSDLong
by sirkamal
1
Solana in Weekly chart No one can confidently prospect the end of a correction but we can expect its existence. After a long time rally it make sense to see an appreciable correction of SOL. What I am seeing in this chart is the weakness of trend and we should wait to see what pattern it makes for wave II. There are 2 scenarios for wave 5 Primary. In scenario 1, wave 5 Primary was finished in Jan 13 and we are in the wave a of II or We will see am ending diagonal that takes longer time which is not as possible as scenario one. I expect a considerable correction for wave II, at least down to the level of wave 4 Primary or even down to wave (4) intermediate. Thanks
COINBASE:SOLUSDShort
by AMA_FX
3
SOLANAAnatoly Yakovenko is the founder of Solan and also the CEO of Solana Labs. Why Solana is Dropping: Cryptocurrencies are increasingly correlated with traditional markets, so losses in traditional markets can put pressure on the digital asset market. Profit Taking: After Solana reached a new all-time high this month, some investors may have decided to take profits. Potential US Tariffs: Concerns arose that tariffs could increase inflation, potentially leading the Federal Reserve to suspend or reverse interest rate cuts. solana will go down soon..... watch and see.
COINBASE:SOLUSD
by Shavyfxhub
HOW-TO Swing Trade SolanaI take a much more conservative approach to trading - that's how the JSC - Swing Long is used. It simply finds extremely oversold moments (on larger time frames) and reaps the rewards. The strategy tester shows 82% win rate using this indicator, with an average 22.5% trade. As of now, it's VERY close to triggering the BUY alert, but I can't be too hasty because of this bearish momentum we are seeing. I am able to set alerts for this indicator, so as of now, I will wait for the BUY alert. I designed it specifically for my students, especially beginners, to have confidence in their next trade. SOL blockchain is the KING of meme coins - that's the main reason it gained so much value in this bull run. In order to buy meme coins, you had to buy Solana first, then swap it. Keep it simple and have confidence in your next trade. -JumpStartCrypto
BINANCE:SOLUSDEducation
by JumpStartCrypto
5
Solana Buy Setup - Possible Next Big Move Towards $213!CRYPTOCAP:SOL is heading towards a key support zone, a level that has before seen strong buying interest. If this happens I can see this scenario play— price dips a bit below support, shaking out weak hands before reversing higher. It’s the classic liquidity grab, a move that could start the next leg up. If this happens, we could see SOLANA take support with strength, signaling that buyers are stepping in aggressively. From there, momentum could build towards $213. But there’s always the other side of the trade. If buyers fail here and SOL struggles, the direction could shift. What looks like a simple liquidity grab could turn into a breakdown, and be aiming for a deeper correction. It all comes down to confirmation. Does price reclaim support with strength, or does it get stuck below resistance? That will be the key to watch. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management! Please boost this post, every like and comment drives me to bring you more analyses! I’d love to hear your perspective in the comments below.
COINBASE:SOLUSDLong
by TrendDiva
14
SOLUSD Triple bottom initiates new rally to $380.Solana (SOLUSD) has been trading within a Channel Up pattern since the July 29 2024 High. The recent February 03 2025 Low isn't just a Higher Low on the Channel Up but also a Triple Bottom on the Support Zone and a Double Bottom on the 1D MA200 (orange trend-line). Needless to say, this shows that technically this is a level of high demand, thus long-term Support and within the next 30 days maximum, it should initiate the new Bullish Leg of the pattern, similar to the September 06 2024 Low. Even the 1D RSI sequences between those fractals are identical. Since the previous Bullish Leg rose be +119.43%, we see no reason to do otherwise now, hence our new long-term Target is set a $380.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
1