Sol breaking target after targetSol is blasting through price targets on this altcoin season/bull run. I think the token moves to 173 rather quickly here based on this momentum. The medium term target is that blue fib or 227$.
SOLUSD.P trade ideas
>$140 SOLANA AFTER BTC ETF APPROVAL
Macro-wise SOLANA is currently in the top 5 based on market cap and is performing extremely well in terms of active users and DEX volume. The BTC ETF approval is on the horizon and institutional money is getting ready to pump spot BTC purchases which is going to bring everything up in the coming weeks.
On the day chart the trend remains strong. The cRSI is within an oversold area while the price remains within the trend. RedK indicator is showing that selling energy is comparatively low to the buying energy. Interest in selling is declining along with the volume. Its likely that we're seeing some profit-taking at this level of the rally and buyers are waiting for a better entry.
Given that the recent dump in BTC cleared up a large amount of over-leveraged positions, I think its normal to see SOL cool-off for a bit before we resume momentum to the upside.
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
SOLANA will go downhi traders
Solana has been in the uptrend since reaching the bottom in September 2022.
We can see a bearish divergence therefore we expect that the price will correct .
The price already has reached the strong resistance and got rejected , however we expect one more attempt to break it.
If it gets rejected again, we are looking for a sharp correction and our target will be at the key support around 80-86 $ .
SOLANA for the coming weekPrice seems to be accumulating, but considering it hasn't swept enough sell side liquidity, we may see price coming down to take up those lows before rallying back up.
Bullish Month SolanaBullish Month Solana?
Trading at $132.00
Stoch Rsi = Bullish
Rsi = Neutral > Bullish
Macd = Neutral > Bullish
$SOL correction may be immenent.I noticed that a bear flag is forming which may bring down the price of CRYPTOCAP:SOL to the ascending trendline. I bought in at $127.50 and sold at $132.45. I am planning to buy back in after the dip.
The technical indicators and time frames suggest that CRYPTOCAP:BTC is way overbought. If Bitcoin experiences a correction, then CRYPTOCAP:SOL will most likely follow suit.
A strong and clear supportive trendline - SOLThere's an obvious and powerful ascending trendline that could indicate a lot of further upside, strictly speaking, from a technical point of view.
SOL clear bull flag = gathering steam to As BTC and ETH are nearing ATH SOL crept up and has stalled in a narrowing channel that is a big phat clear BULL Flag. It is sitting there pawing the 200 MA support getting ready to burst up. This scenario is rapidly invalidated by any BTC fast hard rejection at ATH or slightly below, but personally, I dont think it will happen just yet… No advice here just my novice observation.
SOL pitchforkThis pitchfork on CRYPTOCAP:SOL looks great. Currently works as resistance, 200 is a magnet.
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
If you found this interesting or helpful, click the rocket! --------->
SOLANA Bull Flag, We Could See $150-160 Very Soon!Solana seems done with it's local correction, which is also a nice consolidation that forms a bull flag, and we have 89min and 4hr stoch rsi rolling up. Not financial advice, DYOR.
SOL NEXT TARGET $167.91SOL to reach at $167 zone. Pips at 17.2 and using ATR. Expect some ups and downs. Will reach its destination.
Smart money expansion in process.
Solana the blue-chip of the next crypto cycleSolana is one of the few crypto projects here to stay. A high performance blockchain with strong dev activity. Hated by many, this one reminds me of ethereum coming into the 2020 bull cycle. Sol is one of the few that I think can also pull a monster move.
SOLUSDSOLUSD has developed an inverse Head and Shoulders pattern and has successfully retested it, suggesting a continuation of its upward move. The initial price target is set at 120, with a final target of reaching 133.73.
Just to clarify, I'm only sharing my thoughts on this pair, not offering any trading advice.
Solana’s breaking above an invh&s that’s also a right shoulder Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured move breakout target for that larger invh&s. Pattern would be around $242. Last October we saw the Dow Jones Industrial chart also start to break above a big inverse head and shoulders pattern that also had a right shoulder which was it’s own smaller inverse head and shoulders pattern just as we are seeing come to fruition now on the Solana chart. We must remember on that chart we had an initial fakeout above both necklines around July so there’s always a chance the initial break above the necklines for this solana chart starts as a fakeout too. However since then, The DJI chart has hit the target of it’s smaller inv h&s target and is very close to hitting its bigger inv h&s target so I’d say using that as a precursor, probability is rather high for solana to also hit both of its breakout targets within the coming months. *not financial advice*
Solana - Wyckoff Mark Up ExampleSolana vs. Wyckoff Logic
SOLUSD example of mark up in the Wyckoff logic schematic. If unfamilar, there are market phases according to Wyckoff Logic:
Accumulation: The phase where the market stops falling and begins to form a base, suggesting that demand is starting to overcome supply. It is characterized by a selling climax, where the price falls sharply, and the volume is high, indicating panic selling. After the climax, there is typically a phase of sideways movement, with occasional tests of the lows. This phase is labeled as the cause, setting up for a new upward trend (effect).
Markup: After accumulation, the price starts to rise, signifying that the market is entering the markup phase. This phase is indicated by a rise in price away from the accumulation zone, often with increasing volume, which is interpreted as the start of a new uptrend.
Distribution: This is the phase where the market tops out and is characterized by a buying climax. Supply begins to overcome demand as the "smart money" starts to distribute their holdings to the market. The distribution phase is also labeled as the cause for the subsequent downtrend.
Markdown: Following distribution, the market enters the markdown phase where prices start to fall consistently. This phase is shown by a break of support levels with increasing volume, indicating a strong presence of selling pressure.
The image also depicts the concept of "Volume" with a histogram at the bottom. The volume bars are colored in red and blue, generally indicating selling and buying volume, respectively. The histogram helps traders identify moments of high or low volume, which can be a sign of the strength or weakness of a particular price movement.
Wyckoff's analysis technique is grounded in the study of price action, volume, and time, as they relate to supply and demand. It is a tool for understanding the market's structure and potentially predicting future price movements by identifying the actions of large institutional traders and investors.
SolanaTraders
as you can see Solana has been bouncing off my yellow uptrend since the start of the crazy run.
now this uptrend is acting as resistance , but solana tried to break it many times and ended up with 2 fakeouts .
i expect it to break , next target $215.
as they say the trend is your friend and the trend is up.
not financial advise . good luck!
SOLUSD Trade IdeaIf the falling trend line is broken and retested successfully, then SOLANA will go up. If not, you can make Stop Loss price as your short target. Good Luck!
solana scalping shortsolana crated head and shoulders bearlish pattern it will dip soon and create a HL
Solana's Price Spikes to a 22-Month High, Outperforming BitcoinSolana ( CRYPTOCAP:SOL ) is up 16% over the past 24 hours to $131, and rose slightly higher above $134 earlier Thursday morning. That’s the highest price that Solana ( CRYPTOCAP:SOL ) has seen since April 2022, and represents a 26% leap over the past seven days.
By comparison, Bitcoin ( CRYPTOCAP:BTC ) is actually down less than 1% over the last day to a current price just under $62,400, but has climbed 21% over the past seven days. Ethereum, meanwhile, is flat today at $3,450, but up 16% in the last week.
Meme coins on Solana are similarly soaring, thanks in part to the broader market boom and likely Solana’s own accelerated climb. Leading Solana meme coin Bonk ( SEED_DONKEYDAN_MARKET_CAP:BONK ) has more than doubled in price over the past week, up 104% to a price of $0.000024 at present—a 48% spike in just the last 24 hours.
And WIF, aka Dogwifhat—a coin based on a meme image of a dog wearing a hat (yes, really)—has jumped 156% this week to $0.82, and set an all-time high above $0.88 early Thursday. With these latest spikes, BONK has a market cap of nearly $1.6 billion, making it the 64th biggest coin by that metric, while WIF’s market cap has spiked to $823 million.
Why is SOL pumping?
As Bitcoin goes, so too do most major altcoins—and Bitcoin is absolutely booming of late. CRYPTOCAP:BTC nearly hit $64,000 on Wednesday, marking the highest price seen for the leading coin since 2021. At that point, it was also just 12% away from the all-time high price just above $69,000 from November 2021.
What’s driving Bitcoin’s resurgence and potentially impacting the rest of the market? Bitcoin has seen sizable gains in recent months due in part to the approval and adoption of spot Bitcoin exchange-traded funds (ETFs) in the United States. They allow traders to gain exposure to Bitcoin without holding the actual asset.
Billions of dollars are flowing into such funds, and the fund operators are thus buying up loads of BTC to support those funds. On top of that, excitement over the next Bitcoin halving—upon which mining rewards are cut in half, slowing the production of new BTC—may be driving gains ahead of the expected mid-April event.
SOL may be a leading beneficiary of these Bitcoin events, but the Solana ecosystem has seen its own substantial growth and renewed optimism in recent months. The cryptocurrency fell as low as nearly $8 in December 2022 following the collapse of FTX, but has rebounded dramatically since. It’s up 468% in the last year alone.
