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SOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap Contract

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SOLUSD.P trade ideas

SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024. Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then. Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets. We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak. For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas and insights. Make the most of our expert analysis to enhance your trading strategy.
CRYPTO:SOLUSDLong
by Houseofcryptokings
2
Comprehensive Analysis of Solana (SOL) Bull Market and Future PrSolana (SOL) has captured the attention of traders and investors alike with its impressive price movements and robust technology. This comprehensive analysis dives into the current state of Solana's bull market, examining key indicators, historical trends, and potential future scenarios based on the weekly chart data. Historical Context and Past Bull Markets Solana has experienced several notable bull markets in the past, with the most significant occurring from late 2020 to mid-2021, lasting approximately 7-8 months. These periods were characterized by rapid price appreciation and heightened market activity, driven by strong market sentiment and broader cryptocurrency market cycles. Current Market Analysis Key Support and Resistance Levels Support Zones: $130.13: Immediate support level. $99.47: Important mid-level support. $61.54: Critical long-term support. Resistance Zones: $160.79: Significant resistance level. $204.45: Higher resistance level indicating potential upside targets. Technical Indicators Moving Averages (MA): The fast MA (9-week) is above the slow MA (21-week), indicating a sustained bullish trend. Relative Strength Index (RSI): Currently in a neutral zone, not indicating overbought or oversold conditions, suggesting room for further price movements. MACD (Moving Average Convergence Divergence): Positive but showing signs of weakening momentum. A bullish crossover in the normalized MACD line above the signal line would reinforce the bullish scenario. Enhanced Indicators: Large Traders Index (LTI): Increased activity by large traders often precedes significant market moves. Retail Traders Index (RTI): Measures the activity of retail traders. Normalized Combined Volatility: Indicates potential for significant price movements. Market Sentiment and Volatility The enhanced normalized volatility suggests a period of high market activity, typical in bull markets. Increased activity by large traders (blue line) and retail traders (red line) provides insights into market sentiment, with large trader activity often indicating upcoming major moves. Future Projections Short-Term (Next 3-6 Months) Bullish Scenario: If Solana maintains support above $130.13 and bullish indicators remain strong, we could see a continuation of the uptrend, potentially testing the $160.79 resistance level. Bearish Scenario: A break below $130.13 could lead to a test of the $99.47 support level. A sustained move below this level might signal further downside. Medium-Term (6-12 Months) The bull market could potentially extend, with the possibility of reaching new all-time highs driven by strong market sentiment, technological advancements, and broader market recovery. Long-Term Bull markets in cryptocurrencies can last beyond a year, influenced by major events, adoption, and technological progress. Continuous monitoring of key support and resistance levels, along with broader market trends, will be crucial. Conclusion The current bull market for Solana shows strong potential for continuation, with key support levels at $130.13 and $99.47 providing crucial benchmarks. Breaking the $160.79 resistance level could signal further upside. Monitoring technical indicators like the moving averages, RSI, MACD, and enhanced volatility measures will provide valuable insights into the market's direction. Based on historical trends and current analysis, the bull market could last another 3-12 months. P.S. My scripts are free to download.
CRYPTO:SOLUSD
by TAS1TheActualSnail
Solana Hits Big Resistance and Drops to SupportGood Morning Traders, It's important to review price action on Solana because it is our fourth largest altcoin (excluding stables) and does lead much of our altcoin market now in this position. The inverse head and shoulders pattern is playing out thus far. Solana touched my $122 support precisely before bouncing and rounding the bottom of our right shoulder. The 200 day SMA helped to hold price for support. Price then exceeded our .618 Fib fan level which intersected with a level I had drawn at $145. This now becomes support. Price had attempted to move higher but there is great resistance ahead on both our price chart and the RSI chart below. Both charts show big areas of confluence that are acting as major resistance. If the bulls can get above these, we are then safe to tackle that neckline. Once broken, we should have a price target of $235-245 before more rest. Don't forget, holiday weekends often give crypto a big boost. With the 4th of July being a big holiday here in the U.S., I would not be surprised to see price movement float up over the long weekend. Stew
COINBASE:SOLUSDLong
by stewdamus
The time for the growth of cryptocurrencies is nearGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. My analysis text: "Cryptocurrencies and the Solana market are in the third wave, and of course, we witnessed very good growth. But currently, the fourth wave can be a zigzag pattern and it is not yet completed. It is expected to go below wave A once again, and then we will see the price action by the impulse pattern. Although the index of cryptocurrencies, in my opinion, if Bitcoin grows in its current market, then we are likely to see Solana grow, of course, this is in the second interest." Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody)
BINANCE:SOLUSDLong
by mehdi47abbasi79
2
Solana (SOL/USD) can quadruple before 2025A possible quadrupling of Solana (SOL/USD) in just the next six months may sound extreme, but we don't have to go back any further than the fall of 2023 when SOL/USD rose from below USD 20.00 to USD 120.00 during around four months. That means a sixfold increase in four months. Now Solana can face another sharp rise and perhaps a quadrupling in just the next six months or so. Read more about this in the technical analysis below about Solana (SOL/USD). Technical Analysis of Solana (SOL/USD): Solana (SOL/USD) is now showing a very exciting technical picture, which signals that Solana (SOL/USD) may have potential up to around USD 400.00 - 800.00 if it breaks out of the ongoing consolidation within a symmetrical triangle formation. SOL/USD finds significant technical support around USD 118.00, and as mentioned is moving within a larger symmetrical triangle consolidation formation. An established break above USD 180.00 for SOL/USD will trigger a strong technical buy signal for Solana, and then a further rise up to between USD 400.00 and 800.00 will be signaled in the medium term (3-6 months). Various momentum indicators such as RSI and MACD are now signaling further upswing for SOL/USD in the short term, and there may thus be a break from this consolidation formation in the coming weeks. What could trigger negative technical signals for SOL/USD would be if there were to be an established break below the now very important technical support level around USD 118.00. Solana thus now finds significant technical support around the USD 118.00 level and also finds significant technical support now around the 200-day moving average. The overall technical picture for Solana (SOL/USD) is very exciting and worth watching going forward, should there be an established break above the USD 180.00 level and up from this consolidation formation. Yes, then a strong technical buy signal will be triggered which will indicate a further rise within the rising trend, to around USD 400.00 - 800.00 in the 3-6 month term. So well worth keeping a close eye on here at Solana (SOL/USD) and the development over the next few days and weeks here, which can provide important technical signals for the further development going forward.
COINBASE:SOLUSDLong
by StockCharts365
SOL/USD 1-Day Chart - Unclear Direction with Bullish and BearishThe SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns: Possible Bullish Pennant Transformation: The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a potential continuation of the uptrend. However, it's crucial to note that the pennant seems to be morphing into a descending triangle. Descending Triangle - A Bearish Signal: Descending triangles are generally considered bearish continuation patterns. They form when resistance levels trend downward, and support levels trend slightly upward, creating a triangle shape. A confirmed breakdown below the support level of the triangle signals a potential downside move. Zone of Indecision: The current price action suggests a zone of indecision between bulls and bears. The price is hovering near the $173 support level, making it a critical zone to watch. Potential Breakout Scenarios: Downside Breakout: If the price breaks below the $173 support level and a daily candle closes below this level, it could signal a bearish breakout from the potential descending triangle. This breakdown could lead to lower targets in the $130s or even lower. Upside Breakout: Conversely, if the price rallies and closes above $202, it could signify a bullish breakout from the pennant formation. This breakout could propel the price towards higher targets potentially exceeding $300. Important Considerations for Further Analysis: Confirmation is Key: Both the potential bullish pennant breakout and the bearish descending triangle breakout need confirmation with volume and price action. Higher volume on a breakout strengthens its validity. Volume Analysis: Monitor trading volume. Higher volume on a breakout strengthens its legitimacy, while lower volume suggests a weaker breakout that might be susceptible to reversal. Technical Indicators: Consider incorporating technical indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to gauge momentum and potential overbought/oversold conditions. These indicators can help identify potential entry or exit points during a breakout. Fundamental News and Events: Stay informed about relevant news or events impacting Solana's price. Developments within the Solana ecosystem or broader market trends can influence the price movement.
BINANCE:SOLUSDLong
by ParabolicP
1
SOL - A Top Tier Coin Warming UpMany altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and this should be a big clue that momentum is firmly to the upside. Such a complex correction but in the end it appears that it was just a 3 wave correction before a bullish impulsive wave. A series of resistance shakeouts pushing through the yellow 50 week moving average before eventually pushing up and above; finding support and re-testing the 50MA as described in the weekend video. So SOL is looking in great shape here and can be a good top tier coin to continue to average in on any small pull backs. Those sub $20 buys are looking good now 🙂. Not advice.
BINANCE:SOLUSDLong
by dRends35
3