Solana Bearish Continuation TrendVolume profile analysis on price movement
We can expect price to head back to $120 Major support level making that a total drop of ~50% similarly to ALU.
SOLUSD trade ideas
SOLANA TO $140Solana could potentially see a big dip in price if BTC continues in short downward trend.
As we all know SOL is correlated directly to the movements of BTC, in fact they are exaggerated on the SOL market, a 2% price movement on BTC could see 7-10% on SOL. If BTC continues downwards then Solana can jump from $180 to $140, there is also TA to support this.
As you can see from the TA the SMA's have crossed over on the daily time frame but we are yet to have a pull back and retest, when this does happen it would likely be to the $210 price range, this would line up with the 61.8% retracement as well as the next major resistance level.
This is when i would look to enter if we get a clear rejection from the SMA's, the resistance level and the 61.8% fib level. If SOL rejects this price then i believe the target for this short would be the $140 price area, this is the price that the fib gives us as well as the next major support level being located around this price.
Of course it'll have a lot to do with BTC's movements over the next few days / weeks so we'll watch BTC closely to see how it influences this potential trade.
SOLANA // phases of the long trendThe valid daily short countertrend has reached the weekly breakout, deep into the corrective space.
With H4 turning long, the market enters in the correction of the correction.
The next phases of the long trend continuation are on the chart.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
$SOLUSD BuyCOINBASE:SOLUSD
Technical Analysis
This chart suggests the price is in a corrective phase, with confluence around key Fibonacci levels. Divergences in RSI, Williams %R, and MACD support this corrective structure, while the Elliott Wave count indicates the potential for a strong rally in the next impulsive wave.
Fundamental Analysis
1. Anticipation of Solana Spot ETFs:
Following the successful launch of Bitcoin spot ETFs, there is growing speculation about the introduction of Solana-based ETFs. Such financial products would make SOL more accessible to traditional investors, potentially increasing demand and positively impacting its price.
2. Positive Technical Indicators:
Analysts have observed bullish technical patterns in Solana's price charts, suggesting the potential for significant growth. For instance, the formation of a 'cup and handle' pattern indicates a possible upward breakout, with some projections estimating substantial price increases if this pattern holds.
3. Evolving Regulatory Environment:
The recent approval of Bitcoin spot ETFs and a shift towards a more crypto-friendly regulatory stance in the U.S. have increased optimism for the approval of Solana-based ETFs. This regulatory shift could enhance Solana's legitimacy and attract a broader investor base.
These developments contribute to a positive outlook for Solana, indicating potential for continued growth in the near future.
SOL Weekly BloodBathBINANCE:SOLBTC BINANCE:SOLETH CRYPTOCAP:SOL So everyone is yelling and screaming about SOL - Lets take a look at the weekly chart and take a deep breath. COINBASE:SOLUSD - ATH was already hit at around $264. Chill
Solana Short Term Bearish Moment, Still Bullish LongtermHoping for a reversal of the bearish trend to challenge levels back into the descending channel. I have created 2 parallel retracements within a the descending channel to provide a good snapshot of good buy zones. When i say good buy zones i mean for DCA levels...
We are still in a bullish crypto cycle but a pullback to the 80 levels for BTC is still possible. I'm not overally phased by this and wouldnt mind it to be honest for a flush out.
Yellow trend lines are now broken support levels and i just want to keep an eye out of what happens next to those levels, if they now turn into resistant levels but overall still expecting a consolidation phase now before another move up.
This won't be a quick reversal, there is also heavy resistance at the 247 and 264 levels.
Short term i'd like it to first jump into the 26-50th area in the descending channel then try break the 206 level which is the next level of resistance to break.
*non financial advise.
SOLThis has always been a bullish pattern. SOL right now is in a prime spot for some positve price action. The SOL/BTC pair also looks like its in a great position to find some support. The overall market needs to stop bleeding. It seems like the BTC-D has very little life left in it and is ready to start falling again. Im keeping my eye on SOL.
$SOL Bottom Should be In! Look at how perfectly geometry lines up the bottom for CRYPTOCAP:SOL at $175
Price sling-shotted back ~12% to reclaim the .786 Fib above $190
Look for price to consolidate around this level to confirm the reversal.
RSI fully reset back to Yen Carry Trade Collapse level.
$SOL deep deeper deepest!CRYPTOCAP:SOL is back in his channel. Sol has been corrected very deeply. I hope that Sol will first test and break the supply zone and then move on to the next one for a retest outside its trend for a retest on top of the trend and demand zone. As soon as that pattern is complete, we head to the ATH. First let's test and break that supply zone.
SOL wait for entryCorrection is happening after SOL has reached its ATH.
My Long set-up is as in chart. Entry will be around $200.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
SOLANA // target reached, what now?The market has come all the way down to the weekly breakout and the correction fibo 78.6 with an impulse.
After such a fast impulse bumps into a strong support, chances are high that some kind of a correction of the impulse will come.
It doesn't mean, it turns from here, and goes to new highs, though!
The daily countertrend breaks above the daily impulse base (higher green level), but the countertrend line breaks at the daily breakdown (lower green level). Above that, if the waves support, the bull trend resumes.
Below the long trigger zone, every move up is only the correction of the correction, therefore, quite risky.
There is space to take the long side from here, though, so It may be a good opportunity for a good day trader. I'd definitely wait for H4/H1 to turn waves long.
The price may go to the weekly impulse base, but I would wait with the short until the market is trading below the weekly breakout. The reason is that at this phase, accumulation may kick in, with sudden ups and downs on the market.
What's is your opinion about this market? Fell free to share it!
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
SOLANA // Will the correction reach 61.8?The daily short countertrend is valid, and the market has reached the correction fibo 50 level.
The question is: will it reach 61.8?
If the market can significantly break the last clear H4 breakout, it may have a chance.
If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200.
———
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
SOL_Will it bounce from hereReturned back to previous resistance (Trendline), where it broke. it's like a s/r flip
This is a critical moment for it.
Will it bounce from this level.
NFA
Solana Trade PlanSolana is forming a beautiful AB=CD pattern on 4 hour time frame. Here I shared the trade plan for it.
$SOL Short-Term Pain Ahead CRYPTOCAP:SOL price broke to the downside of the 50D SMA
Bearish Crossing from the 20D MA ahead.
Needs to hold critical support at $190 / .786 Fib
Another bearish day could dump CRYPTOCAP:SOL to $175 / .618 , and if that doesn’t hold the move should finish at $165 / 50% level.
RSI shows more downside for confluence.
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading.
As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
$SOL full correction complete
As far as I'm concerned, TRADENATION:SOLANA has bled enough and we've hit the bottom in this case too.
I don't expect us to go any deeper and possibly just a retest.
First target 1,618 at around $335.
It's time for the bulls to take over.
Be kind to the world and each other!
SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50.
Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before.
As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond.
Buy and target $385.
Previous chart:
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My Solana Idea in Bearish Scenario - Simple, Not ComplicatedHello there, this is a simple drawing which does have a bearish bias.
I wanted to draw the horizontal support and resistance levels given price history, identify any meaningful trend lines, and identify some criteria for invalidation of the bearish scenario.
I want Solana to pump as much as we all do - but I needed to try and validate my feelings here that getting out above $200 may be wise.
Enjoy.
SOLUSD – Bounce or Breakdown? Time to ChooseCurrently trading at 204.52, Solana’s sitting just above a key white box support zone between 193–203, which is shaping up as a strong bounce location. The upward trendline remains intact, keeping the bull thesis alive, but here’s the deal: lose support at 193, and things could get ugly fast. That 193 area aligns perfectly with the 0.236 Fibonacci retracement, making it a do-or-die level for the short-term bulls.
Right now, the setup is giving double-top vibes, and we need to see strength here. A breakout and close above the weekly ATH is the green light we’ve all been waiting for. Stay focused—SOL still has the fundamentals: a thriving ecosystem, killer tech, loads of users, and insanely low costs. Long-term, the outlook is solid as the blockchain itself. 🌱
But let’s not sugarcoat it—if we break 193, brace for impact. Expect aggressive downward pressure, with price likely testing the trendline and possibly wicking down to 157 (the 0.382 Fib retracement). That’s where buyers could step back in.
TL;DR:
Support: 193–203 (white box, 0.236 Fib).
Resistance: Weekly ATH needs snapping for continuation.
Bear Scenario: Below 193 → pressure to trendline, potential wicks to 157.
Bull Target: 411 long-term with an R:R of 5.4.
The uptrend is alive, but this is where SOL needs to show it’s got legs. Don’t sleep on the bounce, but manage your risk—because if it breaks, the fallout could be real. Keep your stops tight and your conviction tighter. 🧠📈
SOL Daily Downtrend Woes CRYPTOCAP:SOL BINANCE:SOLBTC CRYPTO:SOLUSD 50% retracement from ATH is around $132ish range.
