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Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX. If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run. So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
COINBASE:SOLUSDLong
by bryandowningqln
2
Solana's Growing Prowess: The Surge in Open Interest (OI)Solana's recent surge in price has garnered substantial attention from investors and analysts, signaling a potential shift in market dynamics. The rise in value comes amidst heightened volatility and speculation within the cryptocurrency space, further emphasizing Solana's resilience and attractiveness as an investment option. The current price of Solana ( CRYPTOCAP:SOL ) stands at $195.72 USD, with a significant trading volume of USD 3.5 Billion in the last 24 hours, solidifying its position as a major player in the cryptocurrency market, ranked Number 5 on CoinMarketCap. With a live market cap of $86.8 Billion and a circulating supply of 444,409,630 SOL coins, Solana continues to exhibit strong liquidity and investor interest. At the core of Solana's success lies its high-performance blockchain, renowned for its unparalleled speed and efficiency. By leveraging a hybrid consensus model that combines proof-of-history (PoH) and proof-of-stake (PoS), Solana ( CRYPTOCAP:SOL ) has overcome scalability challenges faced by other blockchains, paving the way for seamless transactions and decentralized applications. This innovative approach to consensus mechanisms sets Solana apart, positioning it as a leader in the rapidly evolving blockchain landscape. Despite a market correction, Solana's price trajectory remains resilient, characterized by a Bullish Relative Strength Index (RSI) of 65.21 consolidation pattern and bullish indicators. With potential price targets of $210 and USD 240, Solana demonstrates strong upward momentum, supported by favorable market conditions and investor sentiment. This trajectory not only reflects the inherent strength of Solana's technology but also underscores its potential for sustained growth in the foreseeable future. The Solana ( CRYPTOCAP:SOL ) ecosystem has experienced notable developments in recent times, further solidifying its position as a vibrant and innovative blockchain platform. These developments reflect a growing trend of adoption and expansion within the Solana community, driven by a shared vision of decentralization and scalability. Solana's decentralized exchange platforms, such as Raydium and Jupiter token, have witnessed significant price jumps in response to increasing market demand and liquidity. Raydium, currently priced at $2.26 USD, and Jupiter token, priced at $1.51 USD, exemplify the dynamic nature of the Solana ecosystem. With Raydium boasting a market cap of $588 Million and Jupiter token commanding a market cap of $2 Billion, both projects demonstrate substantial market traction and investor confidence. The resurgence of Solana-based meme coins, exemplified by projects like SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:WIF , highlights the diverse and dynamic nature of the Solana ( CRYPTOCAP:SOL ) ecosystem. As these meme coins garner attention and traction among investors, they contribute to the overall vibrancy and innovation within the Solana community, where creativity and experimentation thrive alongside technological advancement. Solana Open Interest (OI) has surged by 7.86% to reach $2.6 billion, demonstrating growing confidence in Solana's market potential and ecosystem development, as investors seek exposure to the platform's innovative technology and expanding use cases. Leading cryptocurrency exchanges, such as Binance and Bybit, have recorded high levels of open interest for Solana ( CRYPTOCAP:SOL ), with figures reaching $1.3 billion and $745.2 million USD, respectively. This influx of institutional and retail interest further validates Solana's position as a premier blockchain platform, capable of supporting diverse financial instruments and applications.
COINBASE:SOLUSDLong
by DEXWireNews
2
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
5
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion... We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction. It may happen, may not happen. If it happens, you know what to look for! For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline. See below to see where we are in the Elliott Wave schematic. What do you guys think? Goodluck and as always, trade safe!
BINANCE:SOLUSD
by WicktatorFX
21
SOL RIDE - Where we have been and where we are going!I am amazed how people are calling for massive SOL drops randomly without basis.... Back up - Look at the SOL history - NOT JUST PRICE - Fading SOL is a big mistake! SOL is not a mere MEME coin. This is a Facilitator Protocol that supports a whole universe of activity. SOL began with high valuation BECAUSE it seemed like a game changer that would make things 10,000 times faster - RIGHT OUT OF THE GATE! Solana Labs has DELIVERED and the SOL universe continues to GROW. If SOL were a tree in the rain forrest it would be a massive ecosystem unto itself. HOWEVER - SOL like every single asset REAL or NOT in Crypto FOLLOWS BTC price action. Historically - When BTC went to 69k, SOL hit it's ATH of 260. A month before FTX scandal went mainstream Crypto Rumors sent BTC down to 15900 and SOL went down to 8.90! And now look where we are and where we are going ........ 🚀🛸🚀 right along with BTC and really - beyond! But SOLANA team only got more focused and stronger. I got into Crypto Space back then after watching on sidelines for some time. I was very impressed by the resiliency I was hearing from these Devs at SOLANA who were on the total brink of collapse. They were undeterred in their mission and conviction. Now we are seeing some of the fruits of their work and we are enjoying super fast super cheap trading across platforms and exciting developments in pipeline that might compete with IG and Facebook and ZOOM - on SOLANA chain. Look at history. Look at the REASON why the thing exists. Retracements and Corrections happen, but SOLANA will not fall all of the sudden on it's own without a black swan or a BITCOIN major Fail. IF the crypto industry flourishes - SOLANA will continue to be a diamond. If this happens Price will likely be 1000-2000 or more next few years and SOL will compete and maybe eclipse ETH. For sure the competition will make them and other spaces better. STOP FUDDING SOL WITH NO BASIS! Study ! FOR SOME OF THE SOL HISTORY I rec this little timeline - timepath.org Happy Trading!
COINBASE:SOLUSDLong
by cryptoseedjohnny
2