Solana Long to $135Traders,
Believe it or not Solana has still got more juice in it before a bigger pullback and this inverse head and shoulders pattern is now in play. Target will be 135. SL is around 100 with a 3-1 RRR.
Stewdamus
SOLUSD.P trade ideas
Scalp idea for SolThe SOL/USD chart shows an interesting development following the recent resistance breakout at $103. There's a potential for a retest around $110, as seen in similar breakouts historically. However, this is not a prediction, and other factors could influence the price action. What are your thoughts on this potential retest and its implications? Remember, this is for educational purposes only, and you should always do your own research before making any investment decisions.
SOLANA at Major inflection point - watch $24.24 levelSolana might end up like other PoS tokens that have ANAL in it's name (recall LUNA).
Backdoor is just that - a backdoor for exploiters. Blockchain bridges are honeypots for hackers.
pOs IS the fastest way for insiders to get rich in crypto AT YOUR EXPENSE.
It can go either way: delisted by COIN or modify the code, to avoid security labeling by SEC.
Stay vigilant and protected. Caution/tight stop are required :)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
SOLUSD looking to move soon, but overall structure is bullish.. Technical Overview of Solana (SOL/USD) 4-Hour Chart
This chart presents Solana priced in U.S. dollars using a 4-hour time frame, featuring custom-developed technical indicators for enhanced market analysis:
Moving Averages: The price action is currently fluctuating around the 200 Simple Moving Average (SMA), a key indicator often watched by traders as a major level of dynamic resistance or support. SOL is consolidating directly on this level, indicating a potential tug-of-war between buyers and sellers. This overall structure does look like it's just re-accumulating and so does bitcoin, and its overall bullish to see such healthy and structured consolidation just below key resistance levels and technically attempting a bounce here
Zephyr Crossover Signal: Utilizing a series of color-coded triangles, this custom indicator provides visual cues for potential entry and exit points based on proprietary algorithms.
Volume Divergence: The Volume Divergence indicator tracks the correlation (or lack thereof) between price action and volume, which can be indicative of the strength or weakness of a current price trend.
RSI Divergence with EMA: The Relative Strength Index modified with an Exponential Moving Average overlay detects divergence that may signal impending price reversals. The 'H Bull' and 'H Bear' labels are used to denote bullish and bearish divergence, respectively.
Price Consolidation: Candlestick patterns indicate a consolidation phase, with price compression evident as it trades below the 200 SMA.
Trend Lines and Channels: Diagonal trend lines demarcate a trading channel, with the current price situated in the lower segment, suggesting the possibility of an approach towards the lower boundary.
The consolidation of SOL below the 200 SMA could hint at an upcoming volatility increase as the price approaches a critical juncture. The interplay between the moving averages and the custom Zephyr Crossover Signal may offer actionable insights once a clear breakout or breakdown is observed.
Solana Bounces Back: A Testament to Resilience Amidst Adversity
Solana enthusiasts can breathe a sigh of relief as the cryptocurrency makes a remarkable recovery following a recent network outage. After experiencing a temporary setback, Solana ( CRYPTOCAP:SOL ) has surged by 6%, reclaiming lost ground and igniting optimism within the community.
Bullish Trends in Cryptocurrency Market Fuel Solana's Rebound
The resurgence of CRYPTOCAP:SOL mirrors broader bullish sentiment across the cryptocurrency market. With Bitcoin leading the charge with a 4% increase in the past 24 hours, Solana's upward trajectory underscores renewed investor confidence amidst market volatility.
From Outage to Opportunity: Solana's Remarkable Resilience
Solana's ( CRYPTOCAP:SOL ) swift rebound serves as a testament to its resilience in the face of adversity. Despite encountering a significant network outage, Solana has demonstrated its ability to recover swiftly, showcasing the robustness of its underlying technology and the unwavering support of its community.
Analyzing SOL's Price Fluctuations
Following the recent network outage, CRYPTOCAP:SOL 's price experienced a notable fluctuation, dropping to a weekly low of $93 before rebounding to its current standing at $104.3. This upward movement signals a strong recovery, with CRYPTOCAP:SOL surpassing key resistance levels and exhibiting bullish momentum.
Industry Experts Bullish on Solana's Future
Renowned figures within the cryptocurrency space, including Arthur Hayes and Sam Bankman-Fried, have expressed bullish sentiments towards Solana's prospects. Their endorsement underscores the confidence in CRYPTOCAP:SOL 's resilience and long-term viability, despite recent challenges.
Solana's Role in the Broader Crypto Market
Solana's resurgence coincides with a broader uptrend in the cryptocurrency market, with the total market cap surpassing $1.79 trillion. As one of the top 10 cryptocurrencies by market capitalization, Solana's performance contributes to the overall bullish sentiment, signaling potential opportunities for investors.
Conclusion
Solana's recent recovery from a network outage showcases its ability to overcome obstacles and adapt to evolving market conditions. With expert endorsements, and a resilient community, Solana stands poised to capitalize on future opportunities and solidify its position as a leading player in the cryptocurrency landscape.
SOLANA Eyes $200 WIth This Break!Bullish Turnaround Above $100: SOL price has reclaimed the $100 mark with a bullish turnaround this week.
4.41% Overnight Jump: There was a significant 4.41% increase in SOL price, forming a bullish engulfing candle.
Potential to Reach $125: Crossing the $102 neckline could propel SOL to reach $125 in the near future.
Trend Reversal Fuels Momentum: This week's trend reversal above the $100 mark refuels bullish momentum in SOL.
Trading Above 50D EMA: SOL sustains above the 50-day EMA, indicating a strong bullish presence.
Breakout of Multi-contact Resistance: SOL is preparing for a breakout, which could cement its bullish trend.
Inverted Head and Shoulder Pattern: A potential inverted head and shoulder pattern with a neckline at $102 suggests an upcoming breakout.
Resistance at $102: The $102 level is a significant resistance, marking a high supply zone.
Current Trading Price: SOL is trading at $100.98, hinting at another breakout attempt soon.
Technical Indicators - RSI: The RSI indicator shows a positive trend, indicating a rise in demand and potential for a breakout run.
Possibility of Rally to $200: With an anticipated breakout, SOL has the potential for a significant rally, possibly beyond $125.
Entry Point for Sideline Traders: Exceeding the $102 mark could provide an entry point for traders, with a downside risk of retesting the $82 mark.
Unveiling Crypto Market Insights: Solana outageGM Bitstampers, Solana Manlets, market enthusiast and everyone reading this post!
Today we will discuss how news and events can impact markets.
Perception of positive and negative events in different market conditions
Market reactions to news/events, both good and bad, vary significantly between bull and bear markets. In bull markets, optimism can minimize the impact of bad news, with investors often buying the dip, while good news can fuel further gains. Conversely, bear markets see bad news exacerbating sell-offs due to prevalent pessimism, and good news may have a muted positive effect, if any.
Burton Malkiel's "A Random Walk Down Wall Street" and Robert Shiller's "Irrational Exuberance" offer insights into these dynamics, highlighting how investor sentiment and behavioral finance play crucial roles in how news is received and acted upon. While they don't specify these reactions directly, their discussions imply that the market's overall mood significantly influences reactions to news.
Warren Buffett's investment philosophy, advocating for contrarian approaches—being cautious amidst widespread optimism and finding opportunities in pessimism—echoes this sentiment, underlining the different impacts of news based on the market's phase. This suggests a complex interplay between market psychology and the nature of news, shaping the financial landscape's responses in varied market conditions.
Solana outage
Yesterday's Solana outage began at approximately 09:53 UTC. Block production on Solana mainnet beta resumed at 14:57 UTC, following a successful upgrade to v1.17.20 and a restart of the cluster by validator operators. The outage lasted ca. 5 hours, within the time period the price recovered the entire dip and closed the day higher than before the outage started.
Do you believe news affect the market?
Do you think good/bad news and events are perceived differently in bull/bear markets?
Let us know in the comments.
SOLANA: Road to 105Road to 105 has been intiated for Solana. There is a big confluence of SMAs around 94-97 and all of them should be looked carefully to see if they act as support. Currently, we can see that price came really close to the 100 SMA before rebounding. I would have preferred to see a clean retest but it is what it is. I lean towards a rally to 105 once 100 is cleared.
A Major Network Outage in SolanaA Major Network Outage in Solana Had Little Impact on the SOL/USD Exchange Rate
Solana, one of the fastest-growing blockchain networks, experienced significant outages yesterday, starting around 13:00 GMT+3. As a result of the outage, users and developers were unable to process transactions and interact with applications.
Solana engineers quickly released a patch required for the restart. And about four hours later, the network came back online, as validators, collectively controlling 80% of SOL staking, updated to the new version.
This is not the first time the Solana network has experienced downtime.
According to SolanaCompass.com, the main Solana network has been in "beta mode" (error detection mode) since March 2020 and is still operating as such. Approximately 1.7 billion dollars' worth of capital is locked in the project's network, and SOL, its native token, ranks as the fifth-largest cryptocurrency with a market capitalization of nearly 42 billion dollars.
In 2023, the SOL/USD rate rose by a staggering +960%, and fortunately for investors, yesterday's outage had little impact on the price of the Solana token (and other crypto assets).
Meanwhile, today's SOL/USD chart shows an interesting picture – the price seems to have temporarily stalled before choosing a direction in which to move:
→ On the one hand, the SOL/USD price is within the bounds of an ascending uptrend (shown in blue), which began in 2023;
→ On the other hand, the chart outlines a descending channel (shown in red).
Meanwhile, the Bollinger Bands width indicator is at minimal values, as if hinting that the SOL/USD price exiting the triangle forming on the chart (shown in black lines) may be associated with increased volatility and the formation of a new important swing.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
SOLUSDThis Month FORECAST
Opportunity for SOLUSD. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
SOL is stopped?This seems to be the end for SOL, next the asset will fall and crash....
Just kidding. Solana software architects again forgot to run tests for one of the functions that defines the block validator. Because this function stopped working, there was essentially no one to validate the block and the blockchain stopped working.
This is certainly unpleasant news, but it is not critical. Let me tell you a secret, there is a chance that any L1/L2 blockchain can stop working.
Dump your bags, papperhands. Im waiting for it
Targets still same.
Solana's Ascent Towards $200: A Q1 2024 OutlookBreakout Hesitation: Despite breaking past a key trendline, SOL's ascent stalls as it flirts with the $100 milestone, signaling a crucial moment for bullish momentum.
50D EMA Support: Solana holds its ground above the 50-day EMA, hinting at underlying strength amidst slow price actions.
Potential for Surge: A resurgence in buying power could catapult SOL beyond $150, setting the stage for a significant rally.
Ethereum's Influence: Ethereum's strengthening against Bitcoin may herald a broader altcoin rally, providing a conducive backdrop for Solana's potential surge.
Bitcoin's Bullish Signal: The crypto market braces for a significant upswing, supported by substantial BTC accumulation by miners and exchanges, underscoring a bullish outlook for SOL.
Technical Setup: SOL's price hovers at $95, presenting a Doji candle that underscores market indecision but maintains a positive stance above critical support levels.
RSI Optimism: The daily RSI for Solana suggests a brewing comeback, with a slight divergence pointing towards potential bullish momentum.
Market Anticipation: The crypto community eyes the $100 and $125 levels as pivotal for Solana's journey towards $200, closely monitoring for a decisive breakout.
Entry Strategy: Investors remain on the lookout for a solid push above $100 as a sign to engage, amidst speculative forecasts of Solana revisiting or surpassing the $200 threshold.
Risk Awareness: The possibility of a pullback to $82 remains a consideration, urging caution among traders navigating Solana's volatile landscape.
Im speechless how well the 1H looks for SOL if it goes upKeep an eye out for volume, key levels are imminent as they have all caught up now on all lower time frames and the 21 Ema on the daily.
Solana - Bearish PathIm purely technical guys, charting is my number 1 before anything else. Recent correction (of course for me!), it's just a simple correction to go down further.
Im in bearish camp until last high taken out. Thanks
sol updateauto fib on the daily flipped
sol has been consolidating in this current range for a LONG time
glhf
COINBASE:SOLUSD
Solana Mobile Chapter 2: A Revolutionary Leap in Web3.0 Accessibility and Preorder Frenzy
Solana Mobile has set the stage for a groundbreaking release with its upcoming Chapter 2 device. The company recently announced that it has shattered its own preorder records, amassing over 60,000 pre-orders for the eagerly awaited Android device within a short span. This remarkable achievement underscores the growing anticipation and interest in Solana's commitment to bringing Web3.0 solutions to a global audience.
Preorder Success and Milestone Achievement:
Solana Mobile's Chapter 2, introduced earlier this year for pre-orders, has witnessed an unprecedented level of enthusiasm from consumers. Within just 48 hours of the announcement, an impressive 30,000 units of the Chapter 2 phones were purchased, setting a new milestone for the company. Solana Mobile views this achievement as a significant step towards realizing its overarching goal of making Web3.0 solutions accessible on a global scale.
Features and Upgrades:
The Chapter 2 device is the enhanced successor to the Solana Saga phone, sharing key specifications such as the powerful Snapdragon® 8+ Gen 1, 12GB of RAM, 512GB of Flash storage, and a 6.67” OLED display. However, Solana Mobile promises more than just incremental improvements. Notable upgrades include a hardware overhaul, an integrated crypto wallet, customized Android software, and a dedicated "DApp store" for crypto applications.
Innovative Incentivization Scheme:
One driving force behind the soaring preorders is the innovative incentivization scheme that Solana Mobile has attached to the purchase of Chapter 2. Buyers are not only securing an advanced mobile device but also receiving non-transferable tokens, including coveted Non-fungible tokens (NFTs). This unique approach mirrors the successful strategy employed with the Solana Saga, where customers received a $100 refund and BONK meme coins as incentives.
Speculation Surrounding Token Giveaways:
The mention of token giveaways has sparked speculation among Solana Mobile enthusiasts, with many anticipating a similar SEED_DONKEYDAN_MARKET_CAP:BONK meme coin giveaway as seen with the Solana Saga. However, it remains uncertain if Solana ( CRYPTOCAP:SOL ) will incorporate this meme coin into its marketing strategy once again. The element of surprise adds an extra layer of excitement and curiosity among potential buyers.
Impact on Solana ( CRYPTOCAP:SOL ) Coin:
While Solana ( CRYPTOCAP:SOL ) has experienced a period of sideways fluctuation, the growing traction and buzz surrounding the Solana Mobile Chapter 2 are expected to positively impact the coin's price in the coming days. This symbiotic relationship between the device's popularity and the cryptocurrency's performance highlights the interconnected nature of the blockchain and mobile technology sectors.
Looking Ahead to 2025:
Despite the current buzz, consumers will need to exercise patience as the official launch date for Solana Mobile Chapter 2 is set for 2025. This extended timeline builds anticipation and allows Solana Mobile to fine-tune the device, ensuring that it meets and exceeds the expectations of an eagerly awaiting user base.
Conclusion:
Solana Mobile's Chapter 2 is not just a phone; it represents a leap forward in the evolution of mobile technology and blockchain integration. With record-breaking preorders, cutting-edge features, and an innovative incentivization scheme, the Chapter 2 device is poised to redefine the landscape of Web3.0 solutions. As the countdown to 2025 begins, the tech community eagerly awaits the official launch, anticipating a revolutionary milestone in the intersection of mobile devices and decentralized technologies.
SOL is new ETH???Solana, back from the dead at the end of 2023, showed what was expected of it in 2021 and 2022. We finally saw user traction, a solid user base and an abundance of revenue generating onchain activities.
I bet SOL will lead the future altsummer, and SOL beta's will break all records for token holder returns.
Globally I look at SOL like the rest of the market, but the potential return is much higher than any top-50 FDV project
SOL Bulls attempt consolidation below strong resistanceBut the bears have the advantage as it seems they are making lower high easier than bulls are making higher lows
bulls look to pick up support around 90-91
Solana 2024 forecastBright future for Solana in 2024 and during next bullrun.
Investors are reaping profits, sentiment is changing to bearish and price correction to no less than 30 USD is going to happen by April, followed by sideways crab trend into early autumn when fresh money is going to pour into Solana in significant volumes when conferences start and new tech is presented to public. Price is going to have an upward trajectory into 160-200 USD zone in late 2024 and early 2025.
This is a forecast an not a trading advice.
Solana (SOL) Bullish EW Count-In this count SOL is working on putting in a high time frame W3 (white)
-Targeting the 2-1 fib extension, from the white W1, for the high of W3.
-Currently working on the medium time frame W5 (green)
-Targeting $150 for the W5 / W3 high.
-Expecting it at the end of feb. This is the 1-1 fib time extension from the green W1
-Once white W3 is in, prepare for W4 pullback.
-Targeting between $100 - $50 and expect the pullback to last until Q3/ Q4
SOLANA: Restest the 100 SMA or the 50 SMA before flying We had a great last call on SOL, 77-82 range was indeed a buy the dip opportunity. The price recovered well from there, but I am expecting at least one retest of the 100 SMA (currently at 92.7) or the 50 SMA (ca. 90) before exploding higher.
