SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries.
I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.
Trade Plan:
EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!
What you should do is entirely up to you.
DYOR.
SOLUSDT.3S trade ideas
SOL/USDT Weekly Chart: Cup & Handle Pattern Signal 115% Breakout(I'm not a financial advisor)
The chart reveals a classic Cup and Handle formation on the weekly timeframe, signaling a continuation of the bullish trend. The cup represents a period of accumulation and consolidation, while the handle indicates a minor pullback before a potential breakout.
Key Levels:
Breakout Point: ~$235
Current price: $222.73
Target Projection: ~$500 (based on the measured move from the bottom of the cup to the breakout point, mirrored upwards).
Bullish Outlook:
A confirmed breakout above the handle resistance could trigger a strong move upward, fueled by the continuation of the prior uptrend. The measured move aligns with a target near $500, reflecting a potential 2x increase from the breakout point.
Why This Setup is Significant:
Cup and Handle patterns are reliable continuation patterns in technical analysis.
The handle's tight consolidation shows reduced selling pressure, increasing the probability of a breakout.
Volume confirmation upon breakout would strengthen this bullish forecast.
Watch for:
A weekly close above the breakout point (~$235) with increased volume.
Potential pullbacks to retest the breakout zone as support.
#SOL: Powering High-Speed Blockchain InnovationDescription:
This trading idea focuses on SOL, the native token of the Solana blockchain, renowned for its high-speed and low-cost transactions. SOL powers a next-generation blockchain designed to scale decentralized applications (dApps) with unmatched efficiency, processing thousands of transactions per second. Solana has gained substantial adoption across DeFi, NFTs, and gaming sectors, solidifying its position as a key player in the crypto ecosystem. Its ability to deliver performance, scalability, and low fees makes it attractive for developers and users alike, driving long-term growth potential.
However, investors should be cautious, as the cryptocurrency market is highly volatile and influenced by macroeconomic trends, regulatory developments, and technological changes. While Solana shows strong fundamentals, trading SOL requires a well-considered strategy and risk management.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like SOL carries significant risk, including the possibility of losing your entire investment. Always perform your own research, evaluate your financial situation, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
SOL / USDT : Approaching trendline resistance SOL/USDT: Approaching Trendline Resistance with Strong Breakout Potential
SOL/USDT is gaining momentum 📈 as it nears a crucial trendline resistance zone 📊. The pair has been consolidating tightly, building up energy for a potential breakout 💥. This could be the breakout we've been waiting for, signaling the start of a strong bullish trend 🚀. Stay alert and watch for confirmation signals before making a move.
Key insights:
1. Trendline resistance: SOL/USDT is testing a significant trendline that has acted as a barrier in the past. A breakout above this level could unlock substantial upside potential.
2. Volume surge: A noticeable increase in trading volume during the breakout will confirm strong buyer interest 🔥.
3. Bullish signals: Momentum indicators such as RSI and MACD are turning positive ⚡, indicating growing bullish strength.
Steps to confirm the breakout:
Look for a decisive 4H or daily candle closing above the trendline 📍.
Watch for a volume spike during the breakout, signaling robust buying activity 📊.
A retest of the broken resistance as a new support level will add confidence to the move ✅.
Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️.
Risk management strategies:
Set stop-loss orders to protect against unexpected reversals 🔒.
Ensure your position sizing aligns with your overall trading plan 🎯.
This analysis is for educational purposes only and is not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
SOL Is Getting Ready for Another Bullish WaveSOL Is Getting Ready for Another Bullish Wave
SOL looks like it has completed an ugly bullish channel pattern. It has performed well so far, and considering SOL has been strong for a long time, I believe it can bounce again.
If the price breaks through the pattern, the bullish wave will begin as shown in the chart.
Targets: 🎯 233.50 🎯 241.80
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
WHERE DO YOU THINK SOLANA WILL GO?Solana's price chart tells a powerful story, featuring a symmetrical triangle that will trigger a volatility surge. The recent consolidation phase showcases strong bullish sentiment, with higher highs and higher lows.
The 5EMA lines provide a solid foundation, supporting price movements reliably. As the price approaches the 12-period EMA, it outperforms longer-term averages, highlighting the impressive strength of the uptrend. This mirrors the 2020 crypto market surge, where similar technical indicators signaled a robust upward trend.
The MACD indicators offer a balanced view, reflecting short-term momentum and subtle divergences that demand attention. The CM Ult MACD takes a neutral stance, warning of a potential slowdown in the upward trend, reminiscent of the cautious optimism seen during the 2017 crypto bull run.
Volume will dictate the next move. A significant increase in volume during an upward breakout will confirm bullish expectations, similar to the 2021 surge of theuron (URNT), where rising volume drove the token's value. Weak volume will raise concerns, echoing the 2018 crypto market downturn.
The $300-$500 target range is within reach, provided the triangle's upper boundary is breached decisively. The broader crypto market recovery, similar to the rebound following the 2018 crash, supports this outlook.
Stay vigilant. Watch for breakouts accompanied by rising MACD and volume, like the 2021 Dogecoin (DOGE) surge. If bearish forces gain momentum, the lower triangle boundary and the $177-180 range will provide crucial support, similar to the $100 support seen during the 2020 Bitcoin (BTC) correction.
Solana's bullish traits dominate this consolidation phase, echoing the optimism of the 2021 crypto market boom. The forthcoming pattern resolution will determine its next significant move, and traders must prepare for either outcome.
IF BREAK OUT OCCURS WITH HUGE VOLUMES YOU CAN SEE A SURGE OF $150 TO $300 IN MID TERM HOLDING .
Solana SOL: Drop to $215 Before Rally to 245?Solana is moving in the descending channel since end of November. It is currently is trading in the intraday range zone where we continue to see slow and choppy price action. A breakout from this range zone will result in a decisive move in the coming week.
A minor pullback toward $215.21, followed by a robust recovery, would indicate that buyers are regaining control, potentially paving the way for a rally toward the resistance levels of $227.83 and $245.58 (Dashed Green Projection).
If bullish momentum strengthens, this could extend gains to the next key level at $262.11, offering ample opportunities for upside continuation (Solid Green Projections).
Conversely, failure to defend the $215.21 support level could expose Solana to increased bearish pressure. A decisive break below this threshold may trigger a decline toward the critical support at $197.45 (Red Projection).
As Solana navigates this crucial juncture, traders should closely monitor price movements and volume dynamics to identify early signals of a breakout or reversal. Staying vigilant will be essential to capturing the next substantial market shift.
SOL/USDT Targets and stoplossHello everyone, let's look at the 8H SOL to USDT chart, in this situation we see the price moving in the local downtrend channel.
Let's start by setting goals for the near future, which include:
T1 = $225
T2 = $232.7
T3 = $238.
T4 = $244.75
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $217.82
SL2 = $207.61
SL3 = $199.95
SL4 = $190.45
SOLANA WHERE NEXT? (EARTHTRADER ANALYSIS)If you zoom in the the Lower time analysis of which I've taken a good profit from already lol, you can see the stress out in the bullish candles indicating exhaustion for potential reversal (well TV doesn't allow smaller timeframe chart ideas).
I have drawn a potential trade levels, now what could be confusing to retail cryptotraders is the price action, looking very bullish with all patterns, but the up high lie the forest bears.
LEAVE A FOLLOW!
SOL/USDT $SOL/USDT is trading within a falling wedge pattern, with key support at $210.47 and initial resistance at $223.72; a confirmed breakout signals targets at $265.95 and $311.27. Holding above the strong support at $197.45 strengthens the bullish case, while a stop-loss below this level mitigates risk. Technical indicators, including Fibonacci levels, suggest upward momentum, contingent on increased buying pressure, offering an attractive risk-to-reward ratio upon resistance breakout confirmation
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good.
Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer.
As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260.
If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected.
Target Zones
$235
$242
$260
Support Zones
$215
$203
$200
Let me know what you think!
SOL/USDT Price Prediction - 1DAlways and at all times. All events will occur in the chart.
Trend Prediction - SOL/USDT Forecasting -
Resistance and Support Lines
In the daily time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
Are big events on the way!!!!!
**** Yousef Sharafi ****
Follow me here for more analysis
More SOLANA = More Gain, 300$ is the next targetHello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA , 📚💡
Solana has consistently surpassed Ethereum in key performance indicators over the past few months. This success is largely driven by its talented development team, which has implemented a range of strategic updates, reinforcing Solana’s status as a frontrunner in blockchain innovation. 📚✌
Given its robust foundation, a price target of $300—representing a potential 28% increase—appears entirely achievable. Moreover, technical analysis aligns with this positive forecast, indicating that the upward momentum is expected to persist. 📚🙌
🧨 Our team's main opinion is: 🧨
Solana has outperformed Ethereum in key metrics, backed by a skilled development team and strategic updates. With a solid foundation, a $300 price target (28% gain) is achievable, supported by positive technical analysis. 📚👌
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SOL EYES $300 SELLERS CAN'T BITE SOL WHO WANTS TO BITE TE CHERRYTLDR Note
Skip down to the word “Disclaimer” if you'd like to start with the TA commentary first.
PSA for My Beloved TradingView Family:
Plan Your Trades… Before You Make Your Trades
I know it sounds cliché. It sounds elementary. And you might as well say it because you’re thinking it:
“Damn, he's right.”
Look, I get it. Do you think it’s easy walking around this small Midwestern town with my massive head blocking the sunrays for everyone within a five-mile radius? No. It’s frickin' hard. But someone has to do it — and they gave me the only hat in town that’s ever fit me in my decades of existence.
So here we are. Play the cards as they lie, right?
Shoutout to a TradingView Legend: LuxAlgo
On a more serious note, let’s take a moment to thank a truly special member of our community: LuxAlgo.
Without further ado… give a round of applause to this legend for his Liquidity Pools indicator. This guy has more hits with Pine Script execution than Michael Jackson had top-ten bangers in his career.
Check out his work here:
• LuxAlgo TView
• LuxAlgo Website
LuxAlgo isn’t just prolific — he’s good. He creates indicators, strategies, and ideas like he’s on a countdown to getting locked up for it. He explains things so clearly that even if I hadn’t used one of his indicators, I’d still hold him in high regard.
Let’s give each other the flowers we deserve. Who knows, you could be next.
Disclaimer:
Quoting LuxAlgo and adding my commentary on Solana vs. the seller's liquidity pool.
Technical Analysis: Solana & Liquidity Pools
LuxAlgo describes the Liquidity Pools indicator as follows:
"The Liquidity Pools indicator identifies and displays estimated liquidity pools on the chart by analyzing high and low wicked price areas, along with the amount and frequency of visits to each zone."
Key Observations:
• Since November 5th, SOL has seen major support at $200. This level is evident on the charts, no further explanation needed — but feel free to ask if you’re curious.
• The $300 level acted as significant resistance/support (I forgot to paint them red, but it worked out).
By the 16th, SOL moved into the $250 zone. No Fibonacci here — just good old-fashioned price action analysis, clocking in around 150 hours of watching the charts.
Why Liquidity Pools Matter:
As LuxAlgo puts it:
"Liquidity Pools are areas where smaller participants are likely to place stop-limit orders. These zones attract institutional traders who use the pending orders as liquidity to enter larger positions."
Translation: Stop-hunting Zones. Understanding this gives you an edge. The more we recognize these practices, the less vulnerable we become.
Support and Resistance Zones for SOL:
1. $200: Strong support — SOL hasn't needed to re-test this level yet.
2. $220-$230: Good support until 11/26.
3. $240-$250: Key levels where SOL cleaned each major price level on the first attempt.
How LuxAlgo’s Indicator Works
"The Liquidity Pools indicator revolves around three parameters" - Lux
1. Zone Contact Amount:
○ Defines how many times a zone must interact with the price to be marked as a liquidity pool.
2. Bars Required Between Each Contact:
○ Adds a buffer (e.g., 2 bars) to avoid consecutive candles skewing the results.
3. Confirmation Bars:
○ Waits a specified number of bars after the zone meets the criteria to confirm its validity.
In layman’s terms: SOL established a new range when it broke out past $220-$225, forming a new floor and ceiling structure.
Conclusion
Throughout this analysis, I’ve likened price action to a fight. Because, in essence, that’s what it is — a battle between buyers and sellers. Armed with tools like LuxAlgo’s Liquidity Pools indicator and war chests more. You can step into the ring prepared, aware, and ready to fight smarter.
Let me know what you think or if you'd like any further edits!
@CryptoSlayerFX - X
@Dodgelon_Musk - Tele