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SOLUSD.P trade ideas

Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target? Understanding the Falling Wedge A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal. If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof. Factors Influencing Solana's Recovery Several factors will determine whether Solana can achieve its $170 target. • Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery. • Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens. • Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm. • Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price. Challenges Ahead While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share. Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices. Conclusion The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively. Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
SOLANA/USD Bearish in a bullish Consolidation:War+RecessionAs the Russians and Ukr. are facing to end the war,another war, in the middle east is starting:Irand vs Israel As well strategically as economically and politicially this zone of our planet is ruling all economies around the world:Oil,Gas,International trades and very important strategical zones:The survival of the world is dependent on the middle east.The middle east is the heart and ouls of the world. Also the very negative NFP last Friday confirming that recission will come.And All this factors will increase the pain and suffer of the stock markets,FOREX and ofcourse Crypto currencies. As Solana is now for many months in a big consolidation range we can use this situations to generate profitable situations with high probabilities:The markets tend to consolidate 70% of times. The probability the we will have an uptrend is 15%,and bear trend also 15%.So why not to use the 70% probabilitiy? As the trend is currently long,meaning the ranges are stepping higher, the dangerouse zone for the bulls is the,,negative CRV Target,,,in green colour! There the Bulls will face the increased risk,to add postions, or the profit portential of holding long trades is nealy zero,becuaz the bears take control. This stage is high potential Short entry for the bears,but also taking profit area optimally for the bulls. As we can see eachtime the market met this zone, many false breakouts (white circles) have been generated, the bears started to ride down the trend to ,,Target Negative CRV,,,in ORANGE: There the bears closed their positions and took profits,or also the bulls who hedged their positions short at around 190-205 clsoedtheir hedge positions and added more long positions at around 117-124. The current stage of the market ,Close below FBA,, is where we are right now. The bears still in control,the market closed below that zone and opened immediately lower.The probabiliy that the bears will force solana to 120 zone is increasing. Remember we are bearish in a bullish trend! Where do the bulls lose total control? This will happen,if the market closes 3Days in row below 117,and a bullish impulse or pullback to 117 or above 117 will not be successfull:That means if the bear immediately react and send down Solana forcefully below 117.This is ultimate confirmation that Bearish trend has started and Solana will fall very deep. If the impulse overcomes 117 and continues above 125+Close,then Solana will go back to 190-208 area again.As long as Solana can saty above 180.85 Solana will try to break above this range.Once it falls back, the game repeats
COINBASE:SOLUSDShort
by DaveBrascoFX
1
Solana: SlumpedSOL retreated quite a bit last week. However, our primary scenario remains unaffected by this development. We continue to see the price in the final stage of the blue wave (i), in the context of which we expect a rise well above the resistance at $210.03. However, we must also keep an eye on our 25% likely alternative scenario, which will be activated by a slide below the $118.89 support level. This option sees the coin already in the blue wave alt.(ii) and would ensure a sell-off into our blue Target Zone (between $109 and $51.20).
BINANCE:SOLUSDLong
by MarketIntel
Solana Breaks Inverse H&S Neckline & Clears TriangleTraders, Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$. We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana. We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood. Best, Stew
COINBASE:SOLUSDLong
by stewdamus
What To Do And When To Do It | Financial SuccessThe question is always what to buy and when to buy. What to sell and when to sell. The answer is always different according to who is asking. The answer to these seemingly simple questions can become very complex as it is necessary to adapt the answer to each different individual or entity. ➖ What to buy? Whatever you want. ➖ When to buy? Whenever you want. Say you are considering a strong position with Solana, for long-term growth. We repeat the same questions: When and where to buy? Because the market has been defined as unpredictable, at least in the short-term, we have to develop a strategy as the answer to these questions. If we are looking to build a strong position for long-term profits using Solana, then we would buy each and every time a major drop develops. Simple? There are thousands of analysis out there pointing out different support levels. These can be used for buying. Now, if we are expecting a major drop next, it would be wise to wait for this drop to show up first before we start buying. Simple? But if the drop does not develop... That's why we can strategize thinking in the long-term. There are pairs that are trading really low, near their all-time lows. Trading at critical support. These would be easy buys if we are looking for growth thinking of late 2025 to sell. We can become millionaires with a very simple strategy. What needs to be avoided is "day-trading." What this "day-gambling" really does is that it locks all of your capital in small and useless moves and once the big move comes you are fully committed and can no longer take it. Strong, highly profitable, low-risk opportunities only develop once or twice per year. These are the ones that we care about. These are the only ones that we consider. ➖ After the major rise... SHORT. ➖ After the major drop... LONG. It is so easy... So, so easy... It makes me wonder: "Why am I still broke?" You are broke because you are not after money but instead personal growth. Change your priorities and financial success is yours. Namaste.
COINBASE:SOLUSD
by AlanSantana
2
$SOLUSD's bull run = done until 2025, back to $50 or belowAs you can see from the chart, price has hit the top of the structure and has begun to reject off of it on the 2D timeframe. I think this is the start of a much larger move down for Solana. I think it's likely that from here, Solana goes to test the $51 region at a minimum. If it can bounce there, then it's likely that it'll come back up to the top of the structure and break it. However if it can't, then I think it's likely to continue down to the lower supports before bouncing and we'll see a longer accumulation before we see a breakout. I lean towards altcoins going down/being in an accumulation phase until Jan - March 2025 then seeing a large move after that. Once the structure breaks to the upside, initial target is $750. Would be an amazing trade to accumulate at the lows should this play out. Let's see what happens over the next 6-12 months and beyond.
COINBASE:SOLUSDShort
by benjihyam
2