Solana targets for the weekend. Solana is making a bull flag, which will lead to an explosive move soon. Black lines are TP targets, TP your trade partially. Wish you good luck.
SOLUSD.P trade ideas
SOLANA BUY ALERT!! 30% - 35% Gain! (Dont miss out!)Looking for Solana to trigger the sell stop order, this mean, people who have orders below or @ that level will think "support is broken, we're bearish" when in reality, we just want take their money. I am aiming for $155 - $155.20 to buy. Best case is to enter a bit early such as $156 - $157 just to make sure you are actually in. This is to reach new highs on the recent time frame and ATH over time.
solana /usd crypto bearish trendsol/usd trendline bearish entry at 182.11 and stop loss 185.58.take profit in bearish trend
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations:
Key Points:
• dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps.
• Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price.
• Strong Contender: Solana's performance suggests it could be a major player in the dApp market.
• Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth.
Additional Considerations:
• Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges.
• Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users.
• Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value.
Before Investing:
• Research Solana's technology and its competition in the dApp space.
• Understand the risks involved in cryptocurrency investments.
• Only invest what you can afford to lose.
Overall:
This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
Solana: Completion of Wave (2) and Long-Term OutlookSolana presents the scenario we've been discussing for some time now. We might already be seeing the completion of Wave (2), with our entry point around $81. Since then, Solana has surged by 42%.
However, we're still considering the possibility of an extended Wave (2) correction, now shaping into a flat structure. On closer examination, the recent upward movement appears to be in three parts. While it's possible to further develop Waves 3 and 4, creating a 5-wave structure, surpassing the $144 mark is crucial to definitively exclude the short-term bearish scenario.
There's some leeway with overshoots; a temporary spike (wick) doesn’t necessarily invalidate the ABC scenario. However, a sustained move beyond that would.
(SOL/USD) Analysis: Deciphering the Downtrend Amid Mixed SignalThe digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike.
Price Trajectory and Moving Averages:
Solana’s price has retreated from its peak, with immediate trading below short-term moving averages (10, 20, and 30-day), which aligns with a bearish outlook. However, the longer-term averages (50, 100, and 200-day) are suggestive of possible support levels, indicating a bullish undertone that may unfold over an extended period.
Momentum Indicators:
• The MACD reveals a bearish divergence, corroborated by a downward cross below the signal line.
• The Momentum indicator reflects negative momentum, bolstering the bearish scenario.
Volume and Volatility Indicators:
• The absence of notable volume divergence suggests that the price movement is not yet accompanied by a significant shift in trading activity.
• Volatility assessments are inconclusive from the data provided but should be monitored given the asset’s historical price action.
Oscillator Insights:
• The RSI hovers at a neutral 49.76, offering no definitive sentiment bias.
• The Stochastic %K and the Ultimate Oscillator further reinforce this neutrality.
Support and Resistance Considerations:
• Fibonacci retracement levels pinpoint a critical support zone around the 61.8% level. A decisive move below could steer the asset toward the 78.6% retracement, whereas resistance is currently positioned at the 23.6% level.
• Pivot point analysis highlights the immediate resistance at 238.23, with further resistance potential at 274.02 and 373.92. Support levels at 138.33 and 74.22 suggest thresholds where buying interest may re-emerge.
Sentiment Indicators:
• The Williams Percent Range and the Commodity Channel Index straddle the neutral zone, proposing a wait-and-see approach.
• The Average Directional Index’s reading is indicative of a weak prevailing trend, hinting at a potential market in transition.
Concluding Thoughts:
The prevailing technical analysis for Solana points towards a bearish phase in the short term, coupled with a complex interplay of neutral signals from key oscillators. While the divergence in the short and long-term moving averages presents a challenging scenario, the neutral indicators could signal a potential for trend reversal or stabilization. Traders should exercise caution, paying close attention to volume changes, pivot points, and Fibonacci levels for indications of future movements. It is recommended to consider this analysis in the context of a broader market overview and incorporate sound risk management strategies in any trading decisions.
This analysis is provided for informational purposes only and does not constitute investment advice.
SOL FUD FUNAhhh many thanks to the SOL fudders we have some great buying ops for sol before moonshot! DUNE came out with a report that a whopping 75% transactions fail on SOL chain :) Right… I can tell you from my experience - trading mostly on JUP that once in a while - mostly right after a launched coin or airdrop - there can be some congestion. JUP pre tests every transaction so you proceed only when certain of validity of transaction. I wouldn’t call this a fail. I would call it a win. That said most of the transactions that I make go through I’d say about 99% oh, it’s obvious why there is so much interest in bringing down SOLANA. Success has been great, and there is only more astronomical growth on the horizon. I take these opportunities to load up some more. If SOL can continue on its path it will easily be hitting 500-1k levels possibly before the end of this cycle. Do your own research this in not financial advice. Good luck!
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself.
Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future.
So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA!
I hope to see this coin thrive in the future. Todays price is not tomorrows Price!
The future is Blockchain!
Happy trading lovely people. Stay safe.
Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
Best SOL priceI believe Solana is ready for another breakout but first i think it drops to support @ $180 going to be waiting. If it does hit, next support level we're watching is $167. What are some good Solana projects you're watching?
Solana On The Way Towards All-Time Highs?Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can send the price higher for wave v of (iii).
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Solana holds $180 area support strongETF price crash had already hit luckily it doesn’t look that bad & solana had found its footing
Made support around $162-$180 area such a huge move for solana to keep the bulls steady.
Does it mean $300 next ( that’s a maybe) let me tell you why; so solana has to bullish move upwards and play around the resistance which is around $190-$199 area .. so in order for solana to break above 200$ is to breakout above $185-$190 area and form a minimum consolidation to breakout bullish even more.
Solana had already made some corrections but there’s no way solana will drop a lot more below $185-$162 area if that happens then solana will collapse , bitcoin , Ethereum , Dogecoin & XRP will follow along.
All those cryptos are doing the same momentum as solana but different way to breakout the bulls to free away from the resistance pressure.
Can bulls can do it ? I bet they can.
It’s still in a good buy position I’ll keep it long and simple and pay attention any spikes reversal.
I’ll buy solana around $185 area and profit take $195-$205 area as a simple long-ish short buy.
If going big then take profit at the recent ATH $260 or new high around $300 area.
Solana will be going slow and steady but pay attention to the spikes
SOLUSDAccording to the waves analysis we can expect that price rise again to the green zones. This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan follow me for more ideas
SOLUSD 1H BUYING Take a buy @ this strong supported area and was untested.
Can move this back to test around 195.18
Let see if we get bounce from here
My RR is 1:3.49
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now
just an update of the old attached idea with more data now on the macro momentum.
looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha.
or we are about to get gutted like that earlier 'fake' pump. full retrace hell.
the momentum doesnt quite look right overall for that option to me. i think first option is more likely above.
anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :)
gl
Solana Rise in Institutional Capital InflowsAccording to data from CoinShares, Solana ( CRYPTOCAP:SOL ) has emerged as the leading altcoin with regards to institutional capital inflows, surpassing other competitors such as Polkadot, Cardano, and CRYPTOCAP:XRP , with $6.1 million in inflows last week. However, Solana's on-chain activity has experienced a decline, following a spike in the last week of March, and its price dropped nearly 6% on Tuesday, influenced by the steep decline in Bitcoin prices.
Digital asset investment products observed a total of $862 million in inflows, with Bitcoin leading the way, and only $18.3 million directed towards altcoins. While Solana-based funds noted a weekly inflow of $6.1 million, on-chain data from the Block shows a downward trend in the number of new and active addresses on the chain since the six-month high seen on March 22.
Coinciding with a decline in Bitcoin prices, Solana's price has suffered a correction, as large market capitalization assets experience a dip. The price of Solana ( CRYPTOCAP:SOL ) is down nearly 6% on the day, despite rallies and user activity observed in Solana-based meme coins such as Book of Meme (BOME), Cat in a dogs world (MEW), and Tombili the Fat Cat (FATCAT).
Overall, the data from CoinShares indicates a recovery in sentiment last week, with digital asset investment products experiencing a notable inflow of institutional capital. While Bitcoin remains the dominant player in the cryptocurrency market space, Solana's recent performance in attracting institutional investment underscores its potential as an alternative investment option.
SOL fibonacci retracement levels, areas of interest, buy orders.For anyone looking to accumulate SOLANA at lower levels... The local top of Solana on the Daily timeframe and higher time frames is currently $209.64.
On the measured move from SOLANA's bear market capitulation low of $7.89 to the current local top of $209.84... here are the technical levels of interest, based on fibonacci retracement levels (fibonacci math) where I have set limit buy orders on COINBASE to accumulate and dollar cost average (based on technical levels, not time) SOLANA.
These levels and strike prices are based on the COINBASE SOL/USD Chart. So check the exchange you use for differences in strike price between COINBASE SOL/USD pair and the SOL/USD or SOL/USDT pair on the exchange you use to adjust your limit order strike price on any of the technical levels you are interested in setting limit buy orders at with the goal to accumulate SOL at lower levels and DCA into your SOL holdings as price ascends and corrects.
So long as the local top of $209.84 is not defeated , these levels remain technically valid and over time some of these areas of interest will get hit or wick down to.
Personally, my limit buy orders on Coinbase SOL/USD pair are set at the 0.5, 0.618, & 0.786 levels. I have also placed stink bids (limit buys) at lower levels, in the event of a macro global financial or political event that could temporarily drop markets and present a deep discount on SOLANA before buys step in and price reverses. However, it is not unwise to set limit buys at each of the areas of interest or fib retracement levels based on this measured move.
The lower the better, in my opinion, as I would like to accumulate as much SOL as possible before price reverses and the next stage of the macro crypto bull cycle begins.
SOL: If 100 SMA confirmed as resistance is bearish Price reached our target in the 205 area and then nuked to 180s. The price had a retest of the 100 SMA and got rejected, which is short-term bearish. Shall the 100 SMA be confirmed as resistance, we could visit the 200 SMA around 170 (169 for SOL lovers). Bulls could be saved if we recover the 190 trading area. Be careful.
SOLUSDAccording to the waves analysis we can expect that price rise again to the green zone. follow me for more ideas
SOL Looking Bullish (LONG)SOL is making New HH and HL and making the strong support at Fibonacci level, i believe that we have a probability if SOL breaks HH then we can see it moving towards 300.
SOLUSD/ ready for correction ?Elliott 5 on a big time frame has completed in this zone of 203 USD. Now it need an abc correction which can extend until the lower support line 130 USD. The Elliott have been identified using D wave system but have not been marked on chart. This is not financial advice. Make your own research before making any decision.
SOL almost head and shoulders sweep then to moon?It looks like BTC ETH and SOL are printing head and shoulders! Going into the weekend with this makes me feel we are going down to retest under the 163 support then bounce way up! Hopefully SOL will get above ATH this next series of moves! DIY this is NO Advice at all. Good luck!
Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX.
If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run.
So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
