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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

Mirror, Mirror, on the Wall; Who’s the Fastest of Them All?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🪞 "Mirror, mirror on the chain, which L1 is fast and reigns?" 🔮 Solana: The fairest of them all! ⚡️🚀 📈After rejecting the upper bound of its channel, SOL has been in a correction phase and it is currently nearing the lower bound of the channel. Moreover, the $175 - $190 zone is a strong support and structure. 🏹 Thus, the highlighted blue arrow zone is a strong area to look for buy setups as it is the intersection of support and lower green trendline acting as a non-horizontal support. 📚 As per my trading style: As #SOL approaches the intersection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
Solana Faces Pressure as Pump.fun Offloads $28M SOLThe cryptocurrency market has recently witnessed a notable shift as Pump.fun, Solana’s memecoin launchpad, executed a massive sell-off of 148,759 SOL, worth approximately $28.22 million, to Kraken. This move has triggered speculations regarding Solana’s potential downtrend, raising concerns among investors and traders. Market Reaction to the Sell-Off Despite the global crypto market reaching an impressive $3.16 trillion, Solana is facing notable resistance. The recent sell-off by Pump.fun has heightened fears of a continued bearish trend. To date, the launchpad has transferred a staggering 2,280,377 SOL, valued at approximately $462 million, to Kraken. While 264,373 SOL has already been sold for 41.64 million USDC, Pump.fun still holds 16,877 SOL, indicating the possibility of further market activity. Additionally, Solana’s decline comes as Binance Coin (BNB) surpasses it in market capitalization, now standing at $96.15 billion compared to Solana’s $93.16 billion. Market sentiment is shifting as Solana’s 24-hour trading volume has decreased by 11.51%, now at $3.39 billion. Technical Analysis At the time of writing, Solana is trading at $191.17, experiencing a minor 0.20% increase in the last 24 hours. However, the broader trend presents a concerning outlook. Key Technical Indicators: - Break of Structure (BOS) Nearing $180: Currently, Solana is hovering around the BOS level. A confirmed breakdown below $180 could trigger a severe selling spree, pushing SOL toward deeper support zones. - Fibonacci Retracement Analysis: A breakout above the 38.2% Fibonacci retracement level could invalidate the bearish sentiment and spark a bullish rally. If Solana reclaims this level, it could set sights on the $400-$500 range in the long term. Conclusion Solana is at a critical juncture, with its price movement hanging in the balance between bearish pressure and potential recovery. The recent Pump.fun sell-off has introduced uncertainty, but key technical levels and broader market sentiment will dictate the next move. A break below $180 could trigger a major decline, while a decisive move above the 38.2% Fibonacci level could renew bullish momentum. Traders should stay alert and adapt their strategies accordingly in this volatile environment.
Long
by DEXWireNews
SOL Explosive Breakout? Key Levels to Watch Now!SOL is currently trading within a falling wedge pattern after making a new All-Time High. The price is consolidating between the $189.89 support level and the $207 resistance level. A confirmed breakout above the falling wedge and resistance at $207 could push the price towards the next resistance zone, marked in green, between $218.76 and $223.12. If SOL tests the support at $189.89, followed by a bullish Internal Change of Character (I-CHoCH), this would present a high-probability, low-risk entry. If momentum continue, SOL could rise to new highs. However, if SOL breaks down and closes below the support zone (Yellow) between $174.28 and $177.23, the bullish setup would be invalidated. In this case, it’s best to remain patient and wait for clearer price action before considering an entry.
Long
by TheCryptoCity
Solana-ETF Hopes and Price OutlookVanEck's Matthew Sigel and Patrick Bush recently shared their Solana price prediction on X (formerly known as Twitter). I will copy their text for you here. VanEck Our Solana Price Target by the End of 2025 is $520 We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation with crypto market capitalization. We project M2 to reach $22.3T by the end of 2025, maintaining its 3.2% annualized growth rate since its last trough in October 2023. Using regression analysis, we estimate total SCP market capitalization will grow 43% to $1.1T by year-end 2025 (vs. $770B today), surpassing its 2021 peak of $989B. Historical data shows a strong correlation between M2 and SCP market cap, with a 12-month moving average R² of 0.36 and a t-statistic of 5.7 (p < 0.0001). Currently, Solana holds 15% of SCP market cap, but we forecast its share to rise to 22% by EOY 2025. This projection is supported by Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users. Using an autoregressive (AR) forecast model, we estimate Solana’s market cap will reach ~$250B, implying a SOL price of $520 based on ~486M floating tokens. The $520 price target is unlikely to be achievable without the approval of a Solana-based spot ETF in the U.S. Therefore, we should assess the likelihood of such approval and when it might occur. ETF Approval Date Currently, there is some misleading information circulating on social media claiming that BlackRock CEO Larry Fink stated that the SEC will approve a spot ETF in the U.S. as early as February 2025. In reality, Larry Fink never made such a statement. The creators of these fake screenshots likely used Photoshop to fabricate them. According to official information, the SEC is expected to make a decision on the Solana-based ETF between October 2 and October 18. Now that the timeline is clear, let's discuss the odds. ETF Approval Odds Bloomberg analysts James Seyffart and Eric Balchunas have estimated the likelihood of approval for various cryptocurrency ETFs in 2025. Data from their table indicates that they estimate a 70% chance of a Solana ETF being approved in 2025. We can gauge market expectations using the Polymarket platform. Currently, there are two betting options available. Only 36% of participants are betting that SEC approval will be granted in the first half of 2025. Meanwhile, 84% of participants are betting on SEC approval occurring at some point in 2025. Based on this data, it is more likely that approval will be granted, but only in the second half of 2025. Technical Analysis On the chart, we can clearly see the channel within which the price has been moving for several months. At the moment, the market is bearish in the short term. For this reason, it is highly likely that the price will approach the lower boundary of this channel in the coming months. This roughly corresponds to a price of $170. Buying at $170 or even lower would be an excellent opportunity to open a long position. However, for the trade to be successful, the price needs to remain above the lower boundary of the channel.
Long
by robofi
Why I Took This Winning Trade on SOLUSDT (Short) Trade Summary: Pair: SOL/USDT Trade Type: Short Leverage: 30x Entry Price: 195.688 Exit Price: 194.510 Profit: +18.06% The Setup 🔍 This trade was based on a confluence of technical indicators and market structure analysis. Looking at the 15-minute chart, several factors aligned perfectly, creating a high-probability setup. My goal was to capitalise on a short-term retracement before a potential upward move. Why I Took This Trade Market Structure & Key Levels The LOD (Low of the Day) was breached earlier, giving a strong signal that price would likely retrace to test lower support levels before making a move upward. The 50% H/LOD level acted as a magnet, suggesting a bounce from these zones. Session Timing The trade was taken near the transition between the Asian and UK sessions, a period known for higher volatility and increased movement. The timing aligned with the London session’s breakout patterns, where price often sweeps lows before retracing. EMA Strategy The alignment of multiple EMAs indicated a bearish trend continuation in the short term. Price rejection at the IHOD (Initial High of the Day) further confirmed the short setup. Order Block Detection The chart showed a bearish order block, providing an additional layer of confirmation. The expectation was that price would fill that block before reversing. Execution ⚡️ Once these criteria aligned, I entered the trade at 195.688 with a tight stop above the recent high. My target was just above the 193.18 support level, ensuring a favourable risk-to-reward ratio. Reflection & Outcome 🎯 The trade played out beautifully, reaching my target with minimal drawdown. The +18.06% profit on 30x leverage is a solid reminder that sticking to a strategy and trusting the setup pays off. Key Takeaways ✍️ Patience is key: Waiting for confirmation from multiple indicators increases the probability of success. Session timing matters: Transitions between sessions often bring strong moves. Focus on high-probability setups and avoid overtrading.
by Karma_T
Trading Plan for SOLUSDT Long EntryTrading Plan for SOLUSDT Long Entry 1. Entry Point: Your entry seems to be around 191.46 - 188.00 USDT, which is within a demand zone (highlighted in blue). The price is currently consolidating near the 4H Order Block (OB), indicating a potential bullish reversal. 2. Stop Loss (SL): A reasonable SL would be placed slightly below the 185.25 USDT level to avoid being stopped out by market noise while still protecting capital. 3. Take Profit (TP) Targets: TP1: 203.55 USDT – First target to secure partial profits and de-risk. TP2: 222.09 - 222.17 USDT – Major resistance zone, ideal for closing the position. 4. Risk-to-Reward (R:R) Ratio: Entry: ~191.46 USDT SL: ~185.25 USDT (Risk: ~6.21 USDT) TP1: ~203.55 USDT (Reward: ~12.09 USDT) → 1:2 R:R TP2: ~222.09 USDT (Reward: ~30.63 USDT) → 1:5 R:R 5. Confirmation & Trade Execution: Break of Downtrend Line: Watch for a strong bullish candle breaking the descending trendline for confirmation. Volume Analysis: Increasing buy volume at support strengthens the bullish case. Market Conditions: Ensure Bitcoin and the overall crypto market sentiment align with the long setup. 6. Risk Management: Risk per Trade: Keep it between 1-2% of your trading capital. Trailing Stop: Move SL to breakeven once TP1 is hit.
Long
by ltmode
SOL → The coin may get a chance for growthBINANCE:SOLUSDT is testing trend support and at the same time bulls are trying to hold their defenses above the intermediate bottom and enter the buy zone. SOL both fundamentally and technically has good potential. Bitcoin is consolidating at this time and it can give strong coins a chance. Technically, solana tested the trend support with a touch and is trying to consolidate. I don't exclude the possibility of a false breakdown of the trend support before further growth, but at the moment the focus is on the resistance 200 - 203. If the bulls hold the defense above this area, the coin could strengthen to 245 - 270 - 290 in the medium term. Resistance levels: 203, 200 Support levels: 188, trend Emphasis on the local boundaries of the range. The market is struggling for the zone 200-205, bitcoin at this time is forming a local bullish momentum, which can also become a driver for the cryptocurrency market. Regards R. Linda!
Long
by RLinda
5
SOL About to EXPLODE? Key Pattern Signals a Massive Move!Yello, Paradisers! Is SOLUSDT gearing up for a breakout, or will the market shake out weak hands before the real move? Let’s break it down! 💎SOLUSDT has completed a triple zig-zag pattern, which significantly increases the probability of a bullish move. This structure often marks the end of corrective phases, setting the stage for a strong reversal. 💎Adding to the bullish case, SOL has broken out of a falling wedge pattern—a textbook bullish reversal signal. However, to manage risk effectively, scaling into positions rather than entering all at once is the smarter play. 💎Further confluence comes from a bullish divergence, reinforcing the likelihood of upward momentum. That said, we could still see some consolidation or even a liquidity grab before the next major move. If SOL sweeps the lows for inducement and then prints a bullish I-CHoCH (Internal Change of Character), that would present a high-probability, low-risk entry. 💎However, if SOL breaks down and closes candle below the support zone, it would invalidate this bullish setup. In that case, the best approach would be to stay patient and wait for clearer price action before taking any new positions. 🎖 The market rewards patience and precision. Let the liquidity games play out, and only strike when the setup is at its highest probability. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Comprehensive Technical Analysis of SOLANASolana has emerged as one of the digital currencies that attract traders’ attention due to its high price volatility and advanced technical capabilities. In this article, we will present a technical analysis of the SOLUSDT.P pair, relying on a variety of technical tools and indicators to provide a comprehensive outlook on the potential trends and short-term price movements. 1. Market Overview Solana has experienced both upward and downward movements over the recent period, oscillating between critical support and resistance levels. Its price movement is affected by several factors, including: Price Volatility: Given the nature of the cryptocurrency market, volatility is an inherent part of the price action, requiring close monitoring of key technical levels. Economic Factors and News: In addition to technical analysis, news related to technological developments and institutional endorsements can play a significant role in determining market direction. 2. Support and Resistance Levels Identifying support and resistance levels is a crucial step in understanding market dynamics: Support Levels: Some technical readings indicate the presence of strong support in the lower price area, with potential support levels ranging around $150-$155. Maintaining this level is important for traders, as a break below could lead to deeper corrections. Resistance Levels: On the upside, the asset faces major resistance typically located between $250 to $300. A breakthrough above these levels may signal the continuation of bullish momentum. Conversely, failure to break through may prompt traders to anticipate potential trend reversals. 3. Technical Indicators and Tools A. Moving Averages Moving averages are useful tools for determining the overall price trend: Moving Average Crossovers: The crossover between shorter-term moving averages (such as the EMA25) and longer-term ones (such as the EMA99) signals potential changes in direction. A shorter-term average crossing above a longer-term average is considered positive, while the opposite may indicate weakening momentum. B. Relative Strength Index (RSI) The RSI is used to measure overbought or oversold conditions: RSI Readings: An RSI reading near 70 indicates overbought conditions, while a reading below 30 suggests oversold conditions. Monitoring the RSI helps in assessing the strength of the current momentum. C. MACD (Moving Average Convergence Divergence) The MACD analyzes momentum and identifies potential turning points in the market: MACD Crossovers: Crossovers between the MACD line and the signal line are indicators that often precede potential trend reversals, whether bullish or bearish. 4. Chart Patterns and Price Formations The SOLUSDT.P chart exhibits several technical patterns that may reveal market tendencies: Cup and Handle Pattern: In certain time frames, a “cup and handle” pattern can emerge—a classic bullish formation. If this pattern meets all its criteria, it may indicate a continuation of the upward trend following a period of consolidation. Other Reversal Patterns: Patterns such as the “head and shoulders” or descending channels should be monitored, as they can indicate a possible reversal toward a downtrend if momentum weakens. 5. Potential Scenarios Bullish Continuation Scenario: Support and Breakout: If the price maintains its key support levels (around $150-$155) and manages to break through the upper resistance levels (between $250-$300), bullish momentum may resume. Positive Indicators: The appearance of positive moving average crossovers along with neutral to overbought RSI readings can support this bullish scenario. Bearish Reversal Scenario: Break of Support: Should the price break below its primary support level, the market could enter a deeper downtrend. Negative Indicators: The emergence of bearish moving average crossovers and low RSI readings may indicate weakening bullish momentum, increasing the likelihood of a more significant correction. 6. Risk Management and Investor Tips Traders should consider the following points: Use of Stop-Loss Orders: Setting stop-loss levels is crucial for limiting risk, particularly in highly volatile markets. Portfolio Diversification: It is advisable not to rely on a single asset but to diversify investments to mitigate risk. Staying Updated with News: Keeping track of technological developments and economic news is essential, as these factors can directly impact price movements. Conclusion The analysis of SOLUSDT.P shows that the asset is oscillating between critical support and resistance levels, with the potential for continued bullish momentum if resistance is broken, or a reversal toward a downtrend if support is breached. The future direction of the asset depends on several technical and market factors, necessitating close monitoring of daily changes and the use of diverse technical indicators to make informed trading decisions.
Short
by luta_ksa