Shorting Solana for a +40% ProfitShorting Solana during the Weekend with the $192 target level in mind.
SOLUSDT.P trade ideas
Is It Too Late to Join the Solana Rally? A Trader's PerspectiveWith recent market movements pushing Solana toward major highs reminiscent of December 2021, you might be wondering: Am I too late to join the Solana party? Should I wait to buy, or is a crash imminent?
The good news is, it's never too late. Whether you're a long-term holder or a futures trader, there are strategies to consider.
Long-Term Strategy
For long-term investors, the outlook remains bullish. The goal is to identify optimal entry points for buying.
As shown in the daily chart above, Solana has broken past the highs of Monday, July 29th, and Monday, April 1st. The liquidity above the last high (July 29th) was quickly absorbed, indicated by the yellow dotted horizontal lines at 0.7% and 1.2% above the previous high. These levels correspond to the liquidation points for positions with 100x and 50x leverage, respectively.
While we've surpassed the April 1st high, leveraged positions haven't been fully triggered yet. To confidently enter a long position and increase our Solana holdings, we're waiting for confirmation above the July 2024 high. This confirmation could manifest in one of the following ways:
Scenario 1
Scenario 2
However, if the price action resembles this:
We should exercise caution, as it may indicate a potential downturn. In such cases, it would be prudent to look for alternative long entry points.
Futures Trading
For futures traders, similar setups apply for entering long positions. When considering shorts, opportunities might arise near the upper boundary of the current grey zone. One strategy is to set a stop-loss around $202, aligning with significant sell pressure—suitable for high-leverage trades. Alternatively, for lower leverage, placing a stop-loss above recent highs around $205 could be effective.
In Summary: Regardless of your trading style, staying informed and vigilant is key. The Solana market presents opportunities for both long-term investors and short-term traders. Analyze the charts, watch for confirmations, and make informed decisions.
Debunking Myths: Understanding the True Potential of the Solana Solana (SOL), the high-performance blockchain platform, has recently made significant strides, breaking through the $200 barrier and surging nearly 9%. This remarkable surge has not only captivated the crypto community but has also ignited renewed interest in the Solana ecosystem and its native tokens. As Bitcoin approaches a new all-time high, the future of SOL-based tokens appears promising.
The Solana Surge: A Closer Look
Solana's recent price surge can be attributed to several factors:
• Enhanced Network Performance: Solana has consistently improved its network performance, addressing scalability issues that have plagued other blockchains. This has led to increased adoption and usage, particularly in the decentralized finance (DeFi) and non-fungible token (NFT) sectors.
• Growing DeFi Ecosystem: Solana's DeFi ecosystem has experienced exponential growth, with a diverse range of protocols and applications emerging. This expanding ecosystem has attracted a significant number of users and developers, contributing to the increased demand for SOL tokens.
• Positive Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by Bitcoin's potential to reach a new all-time high, has also benefited Solana. As investors seek alternative investment opportunities, Solana's strong fundamentals and growth potential have made it an attractive choice.
The Future of SOL-Based Tokens
The surge in Solana's price has had a positive impact on the performance of various SOL-based tokens. These tokens, which represent a diverse range of projects and applications built on the Solana blockchain, have seen increased adoption and value appreciation.
Key SOL-Based Tokens to Watch:
• Serum (SRM): A decentralized exchange (DEX) built on Solana, Serum has gained significant traction due to its fast transaction speeds and low fees. As the DeFi ecosystem on Solana continues to expand, Serum is well-positioned to benefit from increased trading volume and user adoption.
• Raydium (RAY): Another popular DEX on Solana, Raydium offers liquidity pools, automated market makers, and yield farming opportunities. As the demand for decentralized trading platforms grows, Raydium's innovative features and strong community support could drive its token price higher.
• STEPN (GMT): A move-to-earn fitness app built on Solana, STEPN has gained immense popularity, particularly in Asia. As users earn rewards for physical activity, the demand for GMT tokens, which are essential for in-app purchases and upgrades, is likely to increase.
• Orca (ORCA): A decentralized exchange and liquidity aggregator on Solana, Orca provides users with access to a wide range of trading pairs and liquidity pools. As the Solana ecosystem matures, Orca's role as a key player in the DeFi space could drive the demand for ORCA tokens.
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Potential Challenges and Risks
While the future of Solana and its ecosystem appears promising, it is essential to acknowledge potential challenges and risks:
• Network Congestion: As the number of users and transactions on the Solana network increases, there is a risk of network congestion, which could lead to slower transaction times and higher fees.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SOL and SOL-based tokens.
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations.
Conclusion
Solana's recent price surge and the growing popularity of SOL-based tokens are indicative of the increasing adoption and potential of the Solana ecosystem. As the blockchain industry continues to evolve, Solana's strong fundamentals, innovative projects, and supportive community position it as a leading player in the space. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
Solana the most bullish?Solana is showing incredible strength alongside the rising btc dominance which will likely reach 60-61%. Sol is in what appears to be a cup and handle formation.
For SOL/USDT, For SOL/USDT,
Current Price Movement: SOL is trading at approximately $202.92, marking a significant weekly increase of 24.85%.
Breakout Confirmation: The price has broken out of a consolidation pattern, signaling a potential strong bullish continuation.
Price Targets:
🎯 First Target: $229.77
🎯 Second Target: $278.02
🎯 Third Target: $318.56
This breakout suggests a potential continuation of the upward trend, with these targets in sight as momentum builds. Monitoring price action at these levels will be crucial for confirmation. #SOL #CryptoAnalysis #TechnicalAnalysis
SOLANA: $24.0 Key Levels to Bail Out STUCKHOLDERSreminds me of Tech Stocks and Late Buyers in innovation
where the early adopters quietly sold on the way to the top
while PUBLIC has always been FOMOED into buying in
-
Back Tested and Traded
for reference
SOLUSDT: Bullish Breakout Signals Further GainsSOLUSDT has broken out from an inverse head-and-shoulders pattern, trading around 187.59 USDT. This breakout above the 180 USDT support hints at a potential climb toward 210 USDT.
With strong momentum and supportive moving averages below, SOLUSDT is set for a bullish run. Watch for a steady hold above 180 USDT to confirm further upside.
Solana needs correction#solana #sol price has formed bearish divergence in LTF. A minor correction is needed, but if #solusd loses this channel , then this upside movement will be remain as a " fake out" . CRYPTOCAP:SOL must defend this zone at all costs.
SOL Short tight stop loss above trendlineI think it's a decent short, trendline give us a low draw down trade.
It's complex to short such buy pressure be careful.
If BTC retrace the whole election move it could print.
SOL - 200! It's Really That EasyHere is an update to our last 2 posts:
If you have been following our tradingview you will have had picture perfect entries for Solana.
In the first post we were pointing out how Sol was finding strong support at the 200 MA on the 4H between the low of $155 and $160. We were calling for a rally to the yellow line of $186.
In the second post we highlighted the importance of that $186 level and were looking for a flip of old resistance. As you can see from our current post, we broke out of that resistance, retested it as new support, and have seen almost a 7.5% increase to the $200 level!
Viaquant's predictions remain the best in the crypto space :)
SOL Cup&Handle on MonthlyThis chart on Solana (SOL/USDT) shows a monthly candlestick pattern, focusing on the cryptocurrency’s price action over time. Here’s an analysis:
Key Observations:
1. Cup and Handle Formation:
• The green shaded area highlights a “cup and handle” pattern — a bullish technical indicator.
• The “cup” indicates a period of gradual decline followed by a rise, forming a U-shape.
• If completed, the breakout (indicated by the vertical line above the handle) suggests a strong upward movement.
2. Breakout Potential:
• The line projecting upwards shows the expected price level upon breakout.
• The breakout target appears to be near $400+, indicating a significant potential increase if the pattern holds.
3. Current Price:
• SOL is currently trading around $196.85, up +5.50% today.
• This suggests recent bullish momentum.
4. Volume:
• Volume indicators (bottom of the chart) support the upward price movement. Increased volume often confirms trends, especially during breakouts.
5. Historical Resistance:
• The previous highs around $250–$260 could act as resistance before further gains.
6. Performance Metrics:
• Performance over different time periods (as shown on the side) is strong:
• 1 Week: +12.49%
• 6 Months: +34.72%
• Year-to-Date: +93.39%
Conclusion:
This chart implies that Solana might be on the verge of a major breakout if it successfully surpasses the resistance at the current handle. Traders viewing this pattern would likely prepare for a bullish move, but they would also monitor market conditions closely for confirmation.
SolanaHi guys
on the weekly time frame; If the red downtrend line breaks upwards, we may be ready to complete the flag pattern.
But the situation is not interesting here at the moment.
If the red support area ($104.5) is completely consumed, we expect a reaction from the area of $188.4 or $160.3, and the possibility of continuing the downward trend to the specified price area is strengthened.
If the support area of $104.5 is preserved and the downtrend line is broken upwards, our mentality for an uptrend will be strengthened.
What do you think?
Solana: Second Wave Has Started – $300 Incoming!New bi-weekly signal confirmed – Targeting $300 as the first TP.
Monthly will confirm if it hits $219 this month.
If you’re not taking advantage of this with NASDAQ:RAY , $MEW, $POPCAT, I don’t know what you’re buying in crypto. The trades are crystal clear!
This trend is expected to expire by July 2025. Not saying it will pump nonstop until then, but just keeping it for reference.
One more thing to note: the SOLETH chart is still bullish, but we may see a cool-down by Jan/Feb. There’s a chance Ethereum could start taking the spotlight in Q1. Nothing set in stone until I see the price action by then. It could just be a consolidation phase that takes weeks to form before any further continuation, and CRYPTOCAP:ETH continues doing what it has been doing—absolutely nothing.
SOLUSDT.P higher high no volume Hello, dear HODL-ers.
Here’s a look at SOL on the daily timeframe. The price is above the lower highs trendline, making a higher high, but volume is lacking and showing a lower low. Should this be a cause for concern? Perhaps the SEC decision tonight will provide some clarity.
Stay safe and humble!
SOLANA more gain Hello and greetings to all the crypto enthusiasts, ✌
The previous analysis I shared with you effectively and accurately hit our Saudi target, providing us with valuable insights. Now, I would like to present a new analysis regarding this stock. As you can see on the chart, I’ve marked the critical points using trendlines this time. These trendlines function similarly to support and resistance levels, helping us better understand potential price movements. 📚💡
In addition to the trendlines, I have identified the most important daily support level, which plays a crucial role in our analysis. It’s important to note that while we may see some short-term candles either ranging or moving downward, indicating possible fluctuations in the price, our main focus remains on the upward trajectory. 📚🎇
The primary target we’re aiming for is still bullish, reaching towards the price point that is clearly indicated on the chart. Monitoring these levels closely will allow us to make informed decisions as we navigate potential market changes. 📚✔
🧨🧨 Our team's main opinion is The new analysis indicates an upward target for the stock, supported by trendlines and a key daily support level, despite potential short-term fluctuations. 🧨🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SOL/USDT Poised for a Breakout: Key Levels to Watch
Technical Analysis:
1. Range-Bound Price Action:
SOL/USDT has been trading within a well-defined range, with the lower boundary around $120 and the upper resistance near $186 . This range has acted as a strong support and resistance zone multiple times, as indicated by the repeated bounces from these levels.
The price action suggests that SOL is currently in a consolidation phase, with traders looking for a breakout in either direction to signal the next major move.
2. Key Levels and Potential Breakout Scenarios:
The current price is hovering near the middle of the range, around $140 , which is also marked by a recent Change of Character (ChoCH) . This area is crucial for determining the next direction of the market.
A bullish breakout above the $140 level would suggest a move towards the upper boundary of the range at $186 . If this level is broken with strong momentum, it could lead to a more extended rally beyond the range.
Conversely, a break below the key support at $120 would signal potential downside risk, with a target towards the next support zone at $84 . This level aligns with previous market lows, making it a critical area to watch for potential reversal or continuation.
3. Change of Character (ChoCH) and Market Structure:
The Change of Character (ChoCH) indicates a shift in market behavior, signaling that the recent trend might be changing. This ChoCH around $140 suggests that buyers are attempting to regain control after a period of selling pressure.
Maintaining this level and breaking above it with confirmation would add weight to the bullish case, targeting the $186 resistance.
4. Potential Trading Scenarios:
Bullish Scenario: If the price breaks and holds above $140 , this would indicate bullish momentum building up. Traders might consider long positions targeting the $186 resistance, with further upside potential if this level is breached.
Bearish Scenario: If the price fails to hold above $140 and breaks below $120 , it could signal a bearish continuation towards the $84 support. Traders may look for short opportunities in this scenario, with caution around key support levels.
5. Risk Management:
Given the current range-bound environment, traders should exercise caution and wait for clear breakouts with confirmation. Setting stop-loss orders appropriately, either below $120 for bullish entries or above $140 for bearish positions, is crucial to managing risk effectively.
6. Conclusion:
SOL/USDT is currently trading within a consolidation range, with key levels at $140 , $186 , and $120 defining the market structure. A breakout above or below these levels will likely dictate the next significant move. Traders should watch these key levels closely and manage their positions based on the breakout direction.
What's your strategy for trading SOL/USDT within this range? Whether you're eyeing the bullish breakout or preparing for a potential dip, let's discuss how to capitalize on this setup.
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
SOLUSDT todaySOLUSDT is currently trading at 184.26 USDT after a strong rally that broke through a significant resistance level. This surge indicates solid buying momentum as SOL pushes past resistance and continues upward.
Following the breakout, the previous resistance around 166 USDT may now act as support. This is a level where buying interest could emerge if there’s a short-term pullback.
The next resistance zone to watch is between 188 and 190 USDT. If SOL maintains its momentum and breaks through this range, it could potentially reach higher levels, aiming towards the 200 USDT mark.
BIG_SOL??? WhErE to!!!Yo folks, Sol Kings and queens,
Here a little tip for you lots if we close above that lid
Sol is going to be worth 210/buck... and if we stay above this region we heading straight to 260/buck
In a favorable market condition.., of course if BTC doesn't decide to go crazy
It's a reality
You heard it here first...BULLEYE
SOL - Another Perfect PredictionHere is an update to our previous post:
After holding the 200 MA on the 4H we were predicting a move to $186. That is EXACTLY what has happened.
No we are facing the final resistance level before being able to hit $200+ again. Once we see at least 4H candles start to close above then this level should be flipped into new support.
Here is one more of our charts posted over a month ago outlining the importance of the $186 level.
How many are waiting for this to happen with solana?Everyone must be watching this $solana pattern cup and handle, we could possibly see a massive boost in price if we can get above this zone again. Looking at $370-$400 range
bulish sol in futher...in the chart you can see this pattern by 16% gorwth after the break area purple you can open the position until to orange line but becarful becuass this way is veeery long....
SOLANA ON Parallel Channel ResistanceCRYPTOCAP:SOL #SOL #SOLANA #SOLUSDT #SOLUSD
SOLANA ON Parallel Channel Resistance
The parallel channel has been working greatly and I am thinking of opening a short, due to stop loss being so close (a closing bar on top of the parallel channel).
