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Solana daily Reversion Zones, $146 target, August 29thI have a special treat for you all today. My brand new Reversion indicator for Trading View is here (it's not available for the public yet, sorry). The purple line is the center for price, showing the $ distance from the center. I've drawn a few Reversion Zones that will likely hit within the next week. The Reversion indicator shows the price gap (black line) to the center (purple line). There is about a $10 gap in SOL right now that will be corrected. Somewhere from $135-138 to $146 is the expectation.
BINANCE:SOLUSDLong
by Saver0
SOL Monthly ChartSince we're at the end of the month, it's time to look at the monthly charts. When we look at the price on the monthly chart, we can see that it has settled nicely into these two uptrend channels. Now, let's examine these channels. Uptrend Channels The upward momentum that started with the lower channel touch from $8 has brought the price to the middle region of the upper channel. After being rejected there, the price has been holding the lower support of the upper channel for the past 6 months. Looking at the current situation, the price is standing below the lower support of the upper channel. If it can't close above $160 this month, it will have closed within the lower channel. If the price can reclaim $160 within the next 2 days before the month ends, the next target would be the middle line of the channel. In this case, we can target the $320 region as the middle line. This is because after holding the lower line of the upper channel for 6 months, the price would start to gain momentum and head towards the middle line of the channel. However, a close within the lower channel would make the situation more bearish and in this case, we could even target the lower support of the lower channel in the near to mid-term. GAP With last year's rise, the price left a GAP, as you can see in the red box. To fill this GAP, we might witness the price moving roughly between $60-$120 for a few months after a crash movement. This GAP-filling area would also mean that the price accumulates between the lower line and the middle line of the lower channel. Later, when the price tightens there for a few months, the upward movement could restart in 2025.
PEPPERSTONE:SOLUSDShort
by huecoshunter
It's still on BABY!!!Bull pennant developing on SOL. Wait for a retest at the bottom of this huge bull pennant around 130.00 Could see a quick wick down to 121.00 Stay strong and don't fall for any false breakouts to the upside. Plenty of time left for September to remember. I've got my limit orders set for both price levels above with a 3x leverage. Not financial advice. Just something I think will play out over the next 2-3 weeks. October will be a rally month so be ready for some volatility until then. BAM!! ************** Happy SOL hunting everyone ******************
COINBASE:SOLUSDLong
by marcomarcello2211
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024. Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B: This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇: Until then, don't lose hope just yet! December is usually a great time for the crypto markets. _________________________________ CRYPTOCAP:SOL COINBASE:SOLUSD
COINBASE:SOLUSD
by CryptoCheck-
Small collapse coming then recoveryThe bear are stronger than the buyers after memecoins been hacked from mcdonalds. Solana ecosystem's will take that affect and wont recover from it soon; im expect a big drop but 140 area wont hold longer. Expecting to drop into 120 then 100 possibly the last drop inside the 95$ zone. I will be expecting solana and solana ecosystem recovery inside $95-100$ area and will recovery strong.. solana should be hitting 500$ until the end of the year or 2 month after during the year of 2025. Dont ask me for financial advice.. The sell is still active but trade carefully of your own proper risk management.
CRYPTO:SOLUSDShort
by JoyBoyVegae
Solana Not DeadI am still long Solana and various Solana related memes. 1. Crypto is absolutely insane. You have to be sized accordingly, just like everything else in trading/investing (ballz f*cking deep). I am watching the current intermediate downtrend for a break to the upside and another test of the upper high to high trendline. I think it breaks that in the coming weeks as Solana pushes to new highs. That is unless Solana meme trading degens keep getting farmed and rugged for all their worth. 2. People talk about Solana flipping Ethereum. I think it's possible, but I think Ethereum will move down more and Solana up as gas fees between the chains find an equilibrium. if the ETH holders fight it, they will lose much more than they think possible. 3. Overall, I am bullish on crypto going into another bubble/meme gambling super-cycle fueled by cross-platform bridging between chains. Multichain interoperability. We are seeing it clearly already and I think it will get crazier at some point. 4. As a reformed Crypto cynic/hater, I came to love crypto for how BTC was used to repatriate USD from the Russian Stock Exchange outside of the SWIFT system after Russian sanctions. I don't care if the CIA created Bitcoin and it is tracked completely. I am still bullish BTC for its legacy importance, high value, and transferability.
COINBASE:SOLUSDLong
by NickTudormore