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SOL Triggers Pattern with a 200 Mark TargetIs SOL heading to the heavens following the triggering of an inverse head and shoulders pattern this Sunday, or is it just a false move? The inverse head and shoulders pattern will remain valid as long as the price stays above $157.39. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSD
by ThinkMarkets
Solana Update: Holding $162 or Dropping to $147? Here’s the breakdown, fam – if SOL holds $162, we could see a move up to the $178-$184 take-profit zone. But if $162 doesn’t hold, expect a dip to $147 before trying for that same target again. If $147 breaks, we could be in for a deeper bearish move. Stay sharp, manage your levels, and let’s see how it plays out! Like, comment, or follow if you want more updates like this! Mindbloome Trading Trade What You See
COINBASE:SOLUSD
by Mindbloome-Trading
5
Solana (SOL) Price Prediction: Poised for a Breakout and New AllThe chart of Solana (SOL) is painting an exciting picture for the medium term. We're currently witnessing the formation of a massive triangle pattern, and a breakout seems imminent. This technical formation, combined with other indicators, strongly suggests that SOL is preparing for a significant upward move that could propel it to new all-time highs (ATH). Key Takeaways: Triangle Breakout: The price action is consolidating within a large triangle pattern. A decisive break above the upper trendline of this triangle will signal a bullish breakout, potentially triggering a strong rally. Fibonacci Targets: Based on Fibonacci extensions, we can project potential price targets for this anticipated move. The primary target zone lies between $257 and $260. This aligns perfectly with the 1.618 Fibonacci extension level, a key area where price often encounters resistance or support. Historical Support: The lower trendline of the triangle has provided solid support for SOL during its consolidation phase. This reinforces the significance of a breakout above the upper trendline. Why This Matters: Solana has been a strong performer in the cryptocurrency market, and this potential breakout could mark the beginning of a new bullish chapter. A surge to new ATHs would not only be a major milestone for SOL but also a testament to its growing adoption and utility in the decentralized finance (DeFi) and NFT spaces. Get Ready: If you're bullish on Solana, now is the time to pay close attention. A breakout above the triangle could happen quickly, leading to rapid price appreciation. Keep a close eye on the $257-$260 resistance zone, as this will be a crucial area to watch for potential profit-taking or further continuation of the uptrend. Disclaimer: This is a technical analysis based on the provided chart and historical price action. It's not financial advice, and the cryptocurrency market is inherently volatile. Always do your own research and invest responsibly.
COINBASE:SOLUSDLong
by Broker_Hunter
Solana at Key Resistance Level: $157 Break Could Lead to $174GUYS I WANNA CHAT WITH ALL OF U , IM HERE SINCE 2019 BUT NEED 5 BOOSTS , HELP ME PLZ XD! Solana (SOL) is currently trading at a crucial resistance level around $157. This zone has historically acted as a significant barrier for upward momentum. Should SOL manage to break and close above this resistance, we could see a potential rally towards the $174 level, as indicated in the chart analysis. The price has been steadily climbing, and there are several technical factors to consider: Momentum: Recent bullish momentum has brought Solana to test this level, with increased buying volume suggesting that traders are eyeing a potential breakout. Resistance and Support: The $157 resistance level aligns with previous highs, making it a pivotal point to watch. A strong breakout above this level could trigger further bullish momentum, aiming for the $174 region, which represents the next significant resistance zone. Indicators: Key technical indicators such as the RSI and MACD are showing signs of strength, but they remain in overbought territory, which signals caution. A clear break above $157, accompanied by volume, could invalidate these overbought signals and provide a clearer path to $174. However, traders should be mindful of the risk of rejection at this resistance, which could lead to a pullback or consolidation before another attempt to break higher. In conclusion, the $157 level is a critical zone to watch. If Solana breaks and sustains above it, we could see a swift move to $174. Keep an eye on volume and other key indicators to confirm the strength of any potential breakout.
COINBASE:SOLUSDLong
by crypthuga
2
The forecasting of SOLUSDThe forecasting of SOLUSD prices is a complex task that involves various factors, including market sentiment, economic indicators, technological developments, and regulatory changes. While there is no guaranteed method to predict future prices, several approaches can provide insights and potential trends: Fundamental Analysis: Project Development: Monitor the progress of Solana-based projects and their impact on the ecosystem. Network Growth: Analyze the growth of the Solana network, including transaction volume, active addresses, and developer activity. Economic Indicators: Consider macroeconomic factors like inflation, interest rates, and global market trends. Regulatory Environment: Assess the impact of regulatory changes on the cryptocurrency market, particularly those affecting stablecoins. Technical Analysis: Chart Patterns: Identify patterns in historical price data, such as support and resistance levels, trend lines, and chart formations. Indicators: Use technical indicators like moving averages, relative strength index (RSI), and Bollinger Bands to analyze price trends and potential momentum. Sentiment Analysis: Gauge market sentiment by monitoring social media discussions, news articles, and investor sentiment surveys. Machine Learning: Predictive Models: Develop machine learning models that can analyze historical data and identify patterns to predict future price movements. Data-Driven Insights: Utilize large datasets to uncover correlations and trends that may not be apparent through traditional analysis. Expert Opinions: Industry Insights: Seek insights from experts in the cryptocurrency and blockchain industries who can provide informed opinions and predictions. Disclaimer: Market Volatility: The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Past performance is not indicative of future results. Risk Assessment: Investing in cryptocurrencies involves significant risks, including price volatility, market manipulation, and regulatory uncertainty. Due Diligence: Conduct thorough research and consider your risk tolerance before making any investment decisions. It's important to combine multiple approaches and consider the overall context to form a more informed perspective on SOLUSD price forecasting. Additionally, stay updated on the latest news and developments in the Solana ecosystem to make informed decisions.
BINANCE:SOLUSD
by ITManager_US
Solana Weekly Turns Bearish From Bullish: 2024 vs 2022The weekly candle for Solana is turning bearish, I shall explain. This candle, which is marked on the chart and is also the current active session, started full green, as the week developed we can see a long upper wick. This is not what you want to see in a bullish continuation. In a bullish continuation you want to see either the action happening at the top of the session always, or the session starting red, down, and then recovering and leaving a lower shadow/wick as it moves higher to close the week green. If this pattern continues, the candle can turn red and thus a major bearish signal. Taking into consideration the fact that it has now been 7 months of sideways action with bearish tendencies, this is super bad. Either it breaks up or breaks down. It can take a while, a long while, as we are seeing here, but two down-burst are already present in April and August. This week turning bearish would only strengthen the bearish bias and signal a new drop. Now, here is the bad news. Since it has been consolidating for so long, the drop can be super strong. If you get three weeks sideways, any drop or rise would only have three weeks of consolidation strength. If you get seven months sideways, whatever happens next is a major move... If you read this through, follow up this trade-idea by reading the PEPEUSDT one that I will publish next. It will be the same dynamics, just so you can see how the entire market is one and how close we are getting to the next drop. This is the data coming from the chart. It was so easy to be bullish back in 2023 when prices were low. You can visit my profile and use the search filter and type SOLUSDT. Scroll all the way down until early to mid-2023. You will find dozens if not hundreds of bullish trade-ideas for Solana. Back in those days, it was very easy to be bullish and say, "Solana is going up!" Right now, it is very hard to do so, because the chart is pointing down not up. Notice how in late December 2022/early January 2023 we have a major bullish signal in the form of super high volume. Then it is easy to say we will see growth because of the strongest buy volume and the low price on the chart. Look at the chart now, where is the volume? Where is the momentum? Where is the excitement? How high is Solana trading? Once we hit bottom, there is no other place to go but up. But once we are at the top, we can only fall down. There is nothing higher than the top. From the bottom we grow. From the top, we move back down in order to revisit our experiences, gain wisdom and strength, and then return back up. Namaste.
COINBASE:SOLUSDShort
by MasterAnanda
7
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97. We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it! If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working! Happy Trading Mindbloome Trader
COINBASE:SOLUSD
by Mindbloome-Trading
5
Is Solana (SOL) Ready To Continue Next Rally? Since April-2020 low, SOL:Binance made all time high of $267.52 in November-2021 as (I) impulse sequence. Currently, it favors upside in ((3)) of I after correction of (II) ended at $7.96 low in December-2022 low. It needs to break above November-2021 high to confirm the next bullish sequence. Since April-2020 low, it placed I of (I) at $61.44 high, II at $19.04 low, III at $221.38 high, IV at $115.45 low & V at $267.52 high. After that it corrected lower in (II) as dip pullback in double correction at $7.96 low in December-2022. Within (II), it placed w at $75.34 low, x at $143.17 high & y at $7.96 low. Above (II) low, it resumed higher in ((1)) of I, which ended at $210.03 high in March-2024. In ((1)), it placed (1) at $26.78 high, (2) at $12.82 low, (3) at $126.35 high, (4) at $78.87 low & finally (5) at $210.03 high as ((1)). It corrected in ((2)) as zigzag correction, which ended at $109.89 low. Within ((2)), it placed (A) at 118.89 low as 5 swings, (B) at $194.07 high as flat & (C) at $109.89 low as ((2)). The zigzag correction missed the extreme areas before turning higher. Above ((2)) low, it placed (1) at $163.56 high & (2) at $120.40 low. It is choppy at the moment & need to break above (1) high to confirm the next move higher to be (3) to extend towards $174.84 – $208.07 area or higher levels as nest in (3). We like to buy the next pullback in 3, 7 or 11 swings, once it breaks above ((1)) high, confirming bullish sequence. Alternatively, if it breaks below $109.89 low, it can do double in ((2)) correction against December-2022 low before resume the trend.
BINANCE:SOLUSD
by EWFcw