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SOLUSD trade ideas

Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected. However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support. The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high. In my opinion, 300 is a reasonable target for Solana.
COINBASE:SOLUSDLong
by Mihai_Iacob
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern. If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up. It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern. The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W . Don't miss yesterday's update on why ALTSEASON 2.0 is upon us: ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDLong
by CryptoCheck-
1
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards Looking at sol here, its not a lot of resistance before blue skies I havent drawn the ath, but that is around 270. Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident. I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350 As for how high i believe it will top... oh that is high -- BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well. In the bigger picture, this does not change anything or matter. But it could add like a month sideways, which will be ok
PYTH:SOLUSDLong
by NaturalPatterns
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea. So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term. Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50. Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom. The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in. So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels. Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario. That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move. This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions. Always stay neutral, let the trend be your friend, and trade on.
COINBASE:SOLUSDLong
by KennyTheSensei
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market? Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage. However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory. Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications. While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging. Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations. As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market.
COINBASE:SOLUSDLong
by bryandowningqln
SOLUSD-BULL FLAG2YR:Tested and Rejected 2 Year Previous High 6M: Wick fill on 6 Months after higher timeframe test Reject Note that this activities always leave a trend behind to anticipate the next Move, although not accurate it is probabilistic and with God risk Management few attempt to the Anticipated Movement will lead in high chances of Profit than loss: 3Months: Created a Pin Bar with 3 Bar Inside Bar , this is great opportunity to trade Support and Resistance Set Up, normally from Linda Raschke Lesson, a Range/pin after 3 Bull run normally leads to break and trend, hence we are expecting a break and altleast 3-5 trend capture on Daily and weekly. We don't hold for Months, 1 Week: Formed a 3 push or Head and shoulder 1Day: 1-2 RTM as on Bitcoin and expecting a trend bullish today and trail stop expecting for test and break of previous high follow through
COINBASE:SOLUSDLong
by Jeremiah_Capital
Solana Soars: Can It Break Through to $200?Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility. Breaking Through Resistance: A Positive Sign The recent price action for SOL is encouraging. The token successfully surpassed the crucial $175 resistance level, a significant hurdle that often acts as a barrier for further gains. This breakout suggests a shift in market sentiment, with buyers becoming more confident and pushing the price higher. Technical Indicators Offer Support Beyond the resistance level, technical indicators provide additional reasons for optimism. The price is currently trading above the 100-hourly simple moving average (SMA), which is a technical indicator that gauges the average price over a specific timeframe. This indicates a potential uptrend, as the price is positioned above the average price of the past 100 hours. Bullish Trend Line Offers Guidance The formation of a bullish trend line on the hourly chart adds another layer of technical support. This trend line acts as a floor, preventing the price from falling too drastically. As long as the price remains above this line, the uptrend remains intact. The $185 Hurdle: Key to Reaching $200 The next major obstacle for SOL is the $185 resistance level. If the bulls can muster enough strength to break through this barrier, it would pave the way for a potential surge towards the $200 target. Higher trading volume accompanying this breakout would further solidify the bullish momentum. Market Sentiment Plays a Role Technical analysis is a powerful tool, but it's not the only factor at play. Market sentiment significantly impacts cryptocurrency prices. Positive news surrounding Solana's ecosystem, partnerships, or technological advancements could fuel a buying frenzy, propelling the price towards $200. Conversely, negative news events or broader market corrections could dampen enthusiasm and hinder the climb. External Factors to Consider The overall health of the cryptocurrency market also plays a significant role. If Bitcoin (BTC), the leading cryptocurrency, experiences a strong rally, it can often lift the tide for other altcoins like SOL. Conversely, a Bitcoin price slump could drag down the entire market, impacting SOL's trajectory. Conclusion: A Promising Climb, But Caution Advised Solana's recent price action and technical indicators paint a promising picture. The $200 target is certainly within reach, but several factors need to align for it to become a reality. Overcoming the $185 resistance, positive market sentiment, and a supportive overall crypto market are crucial. Investors should exercise caution and utilize proper risk management strategies, as the cryptocurrency market remains inherently volatile. By closely monitoring technical indicators, staying informed about relevant news developments, and keeping a pulse on market sentiment, investors can make informed decisions about their SOL holdings.
COINBASE:SOLUSDLong
by bryandowningqln
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.
BINANCE:SOLUSD
by SaeedSalehinia
13