Very short term ascending triangle, now we break that resist?1h chart showing a ascending triangle formation, let's hope we break resistance! Longby BingerBongerUpdated 2
SOLUSD Next Leg UpSolona been ripping, last ATH was around $250ish, retraced a little over 95% due to the retracement. Some considered it was a dead project as some of the FUD(SBF, Broken chain, VC etc...) and the retracement. However.... I don't think this mofo is done. The price movement has outcompeted all of the top 20 MRKTCAP. $70 is resistance and the new consolidation levels if broken, seems to want to reclaim that $250 mark sooner than later. The trend lines are point up, the FA is impenetrable at this point as alot of it is silence and a product just gets released. Risk is low given the potential upside....... $250 will be chump change if the price action continues. "Maybe this honey badger isn't my wife." -k3wLk47Longby kewlkat2
SOL 4H: Double Bottom formed and breaking out. * Double bottom breaking out * Potential next stop, ~$67Longby DefiBanked10
Is SOL Ready To Suprass $68?Sideways Movement: SOL maintains a sideways trend, staying above $50 in the daily chart, hinting at resistance. Bullish Flag Pattern: Anticipation of a bullish flag pattern indicates a potential upward move, targeting $68 and potentially leading to a bull run toward $75. Bearish Battle at $50: SOL manages to stay buoyant above $50, despite encountering support twice, reflecting a bearish struggle. Extremely Bullish Sentiment: Despite pressure between $51 and $68, SOL retains a highly bullish sentiment with over 200% growth in the last sixty days. Consolidation & Bullish Continuation: Ongoing consolidation after a significant bull run hints at a bullish continuation pattern, supported by buy signals in the short-term. Triangle Breakout Opportunity: SOL's breakout from a triangle pattern in the 4-hour chart suggests a short-term entry opportunity, facing a supply zone near $60. Current Price & Growth: SOL trades at $58.74, showing intraday growth of 0.88%, signaling potential for a breakout rally. RSI Projection: Daily RSI hints at a potential trend reversal, projecting a bullish trend after a gradual lateral shift in the declining trend.Longby Coinpedia-Market-Insight7
SOLANA: Price could attempt a rally here The price swiftly rebounded from the 54.50 level and is currently on an upward trajectory. If it successfully surpasses the 56.60-80 range and retraces to test the triangle, there is potential for a substantial rally, possibly reaching 59 or even 62. On the other hand, there is the possibility of the price staying confined within the triangle. In the event of a correction, it is advisable to await a favorable entry point in the 50-51 range. Longby RF_Trading8
SOL next drive up - 2021 fractalNext SOL drive up is coming, this is a fractal from when SOL first starting running in 2021 bull runLongby camchis1110
Solana (SOL) Price Surges 5% dropping Under $55, What’s Next?Ethereum Layer-1 competitor Solana has been on a downward trajectory ever since hitting its 2023 high of $68.21 earlier this month in November. The Solana price has corrected a further 5% over the last 24 hours slipping under $55 as of press time. The Solana price has come under pressure amid the broader market sell-off with Bitcoin and altcoins both heading lower. Amid today’s price correction, SOL has dropped under its 10-day exponential moving average (EMA) at $56.53, indicating that bears are taking the upper hand over the bulls. The good thing is that the Solana price is still trading above its 50-day and 200-day EMAs of $43.25 and $29.51. The SOL price has encountered multiple pullbacks during its continuous uptrends, often retracing to either the 38.2% or 50% Fibonacci levels. As of now, Solana’s coin is priced at approximately $57. The potential for a bullish resurgence exists as long as it holds above the 50% Fibonacci level, situated around $42. If the bullish trend resumes, there is a possibility of prices ascending towards targets of $78.2, followed by $100 and $121.75. Longby DEXWireNews1
Need a big red candle before the bull runI do think we need a big red candle to confirm the bull run starts. Note the MACD is going down on the 12h timeframe, should wait it cross and go up before buyingLongby BingerBonger117
Solana Local Top PossibilityWhen things get trending on high time frames I am a big fan of line break charts. This one here on Solana has not yet confirmed red but RSI is very sus. Setting very tight stops on longs now. Also debating on scaling out of long term swing bags. Not advise, good luck.Shortby A5gamakatsuUpdated 0
HNS...melting back to $43?SOL looks to have an HNS and descending back to the $42-43 area.Be on the lookout for bounces along the way. Conservative entry for the HNS is at the neckline around $52. Shortby MtGoxFX4
H&S OR.. beautiful symmetrical triangleI'm bullish on SOL and saw this H&S forming and expected it to crash a bit. Would have been great to collect some more coins. However, it did not move as I expected. How stupid of me that I didn't see this beautiful symmetrical triangle! Hope you all enjoy this beautiful formation.by QuaiiUpdated 117
Solana (SOL) Eyes Dangerous BreakthroughSolana (SOL) is eyeing a dangerous breakthrough since it fell below the $60 support zone on Nov. 20. At the time of writing, Solana is trading at a price of $58.21, up 2.36% in the past 24 hours. The core Solana metrics are bullish and suggest recapturing the $60 price level is imminent in the near term. Since Solana was rejuvenated this year, its price has been on a meteoric rise that saw it push past the psychologically important threshold at $60 on Nov. 15. Bears did not allow Solana to form a support above this threshold, and as such, it lost its grip and retraced back to a low of $51.6 on Nov. 22. The attempt to reclaim $60 has become a key hurdle that SOL bulls have been unable to work their way past in recent times. With the current outlook and resolve as showcased in the 6.64% jump in trading volume to $1,374,937,101, a consistent increase in the trading volume is a sign retail investors are flooding the market. Notably, their presence can help stabilize the price as SOL makes an attempt to reclaim its lost mandate. Solana (SOL) Price Riding on History While in the immediate term, the $60 price target may seem an ambitious level to breach, it is worth noting that Solana has traded at a level far higher than this in the past. Prior to the FTX collapse of 2022, Solana traded at an all-time high (ATH) of $260. This implies that the ultimate goal is to retest this ATH by first conquering as many immediate price levels as possible. Solana is no longer tied to the pangs or negative impacts of the FTX implosion, and though the bankrupt exchange continues to sell off the coin in its liquidation spree, Solana has made a crucial anchor that naturally attracts other liquidity to it. Longby DEXWireNews3
SOL trade setup through December.Here's my recent trade set up for SOL that will go through to Jan 1st 2024.Longby MetaShackleUpdated 1110
Short SOL to 44$ then pump to 80I got that dawg in me. Quick dip then launch to 80 before we consolidate for a few monthsLongby jbwantstoretire4
SOLANA - 250% Gain Done! ✅Solana played out perfectly. We managed to get an entry on the trendline break and had near enough 0 drawdown. Price moved up impulsively to complete subwave c of wave B. We are now at an inflection point. We can make an extended subwave c move. Keeping a close eye on this to see how we react now and then we'll go from there. Hope you guys managed to make some money off our Solana analysis! See previous analysis below: by WicktatorFX5532
SOL to fall and then get up, up and away! SOL looks to be printing a descending triangle with a target in the $42 range. After that, as long as BTC is trending sideways or melting up, look for a pump in SOL as buyers step in :-) Shortby LTSInvestor3
Will SOL Price Reclaim $66?Sustained Trend Above $50: SOL price is maintaining a strong position above the $50 mark. Avoidance of Head and Shoulders Breakdown: In the 4-hour chart, SOL successfully avoids a head and shoulders pattern breakdown. Potential for Long-term Uptrend: With the support trendline intact, the likelihood of a long-term uptrend in SOL increases. Bullish Break of $66 Peak: A bullish break past the $66 peak could act as a catalyst for a run to $75. Market Correction and Recovery: Despite market corrections, SOL's uptrend continues, showing buyer dominance. Bullish Harami Breakout: SOL price exhibits a bullish harami breakout at the support trendline. Surpassing 50 EMA: The bullish comeback surpasses the 50 EMA in the 4-hour chart, indicating further recovery potential. Double-Bottom Pattern on 1D Chart: The 1-day chart suggests a double-bottom pattern forming at the $51 mark. Recent Bull Run: An 11.48% bull run recently countered a previous 8.76% drop, forming an engulfing candle. Current Trading Price: SOL is trading at $58.14, with a 1.01% intraday growth, suggesting continuation of the uptrend. Technical Indicators - RSI: The daily RSI shows a declining trend, hinting at potential consolidation or a setback. Downside Risk to $44-$45: If there's a downside reversal under $50, SOL prices could fall to the $44-$45 range.Longby Coinpedia-Market-Insight4
SOL: Time to cool off into a correction?Solana formed a clear head and shoulder pattern and broke down through the neckline and is currently retesting. Low risk, high reward trade here. If we close back above then we close out in a small loss, but if the pattern plays out the target profit zone would be well over 20%. Clear bearish divergence on the RSI and slowing momentum indicative of a potential correction. Shortby ethergirl117
SOL - so much higher.listen pal we're going to 500 but i'm gonna frontrun at 450 ok?Longby lompdoctor5
SOLANA - Ready For A 200% Move! ✨In our last post on Solana, we identified that we were in a 535 zigzag pattern. We have almost completed the midsection - awaiting one final move up to complete wave B. Trade Idea: - Watch for bullish reversal patterns on lower timeframe - Safe entry on break of red trendline - SL below price once red trendline breaks - Target: 32.5, 50, 60 Goodluck and as always, trade safe!by WicktatorFXUpdated 4453