Solana Breaks Key Support Level: Is It Time to Sell...?Solana has recently broken through the critical support level of $180 on the daily timeframe, signaling potential further downside. Traders are now faced with whether to take a short position immediately or wait for a retest of the broken support.
For those looking to enter a short trade, the ideal entry zone lies between the $170 and $180 range. With this strategy, it’s recommended to place a stop-loss at $190 to limit potential losses. The primary target for this short trade would be the next major support level around $120, offering a substantial downside potential.
As with any trading decision, caution is advised. Waiting for a retest could offer a better risk-to-reward ratio while entering now, allowing you to capitalize on the initial drop. Stay alert to market movements and adjust your strategy accordingly.
SOLUSDT.P trade ideas
$SOL: warning!**🚨 CRYPTOCAP:SOL Analysis: Major Unlock & Market Impact 🚨**
📅 **March 1st Unlock:**
Approximately 11.16 million SOL tokens (~$2 billion) are set to be released into the market.
🔗 Source: (www.eblockmedia.com)
### **What’s Happening with CRYPTOCAP:SOL ?**
After the $TRUMP pump, Solana faced a significant pullback, which was expected after such hype. However, a more concerning effect of the meme craze is the liquidity drain from the Solana ecosystem.
🔻 **Liquidity Issues:**
- Rug pulls often result in selling SOL for cash, CRYPTOCAP:USDT , or even $CRYPTOCAP:BTC.
- Exchanges like Raydium and Meteora made huge profits from fees in SOL and typically "sell to cash out".
This has led to a liquidity squeeze, causing a prolonged consolidation.
📉 **Technical Outlook:**
- Daily timeframe: Consolidation appears to be ending, and MACD is about to cross bullish, signaling a short-term relief for 1-2 weeks.
- Weekly timeframe: The bearish divergence remains strong and still needs to play out.
- A double top bearish pattern is identified, likely to push the price down.
⚠️ **March 1st Unlock - The Biggest Bearish Factor**
While 11M SOL represents only 2% of circulating supply, it comes at a bad time, adding selling pressure just as the ecosystem struggles with bearish sentiment.
### **Price Outlook:**
🛑 Short-term impact: Likely downside pressure.
✅ Long-term: Solana remains a solid and popular blockchain—it will recover.
**📉 Price Targets:**
- $160 or lower seems likely.
- Worst-case scenario: $120 , which is a major support level.
💡 Potential Buy Opportunity for long-term holders!
**DYOR!**
Technical Analysis of SOLUSDT (1D Chart - OKX)Technical Analysis of SOLUSDT (1D Chart - OKX)
Trend Analysis & Market Outlook
The chart illustrates a downtrend, with the price currently trading near the lower support level.
Key resistance levels are observed at 239.03 and 295.82, indicating potential upside targets if a reversal occurs.
The Stochastic Oscillator appears to be in the oversold zone, suggesting a possible short-term bounce.
The volume profile suggests declining buying pressure, reinforcing the bearish sentiment.
Key Levels & Trading Strategy
Support & Demand Zone: A strong demand zone is located around 168-175 USDT, with a potential buy entry.
Resistance Levels:
Short-term: 214.36 USDT (TP1), 215.81 USDT (TP2)
Mid-term: 239.03 USDT (TP3), 264 USDT (TP4)
Long-term: 295.82 USDT (Major resistance & supply zone)
Risk Management & Trade Setup
Bullish Scenario: If the price holds above 175 USDT, a bounce towards 214-239 USDT could occur.
Bearish Scenario: A breakdown below 168 USDT could trigger further downside toward 140 USDT.
Stop Loss (SL): Suggested around 14 USDT below entry for risk control.
Final Conclusion
Primary Bias: Bearish (until price reclaims 215-220 USDT)
Short-Term Play: Watch for potential reversal signals near the demand zone (168-175 USDT).
Long-Term Positioning: A break above 239 USDT may signal a trend reversal.
Would you like additional indicators for deeper analysis? 🚀
SOL Biggest Bargain Buy Opp at 50WMAI wrote my thesis on Solana in July 2023 when it was at $25 and memecoins weren't even a thought.
No one even knew what BONK was, but the developer community was thriving, and all the best dApps were being built there.
Now that people are tired of rinsing themselves clean at the casino, it's funny to see them call CRYPTOCAP:SOL ded ~$180💀
SOL is up 625% since I first wrote about it 😂
The blockchain has tremendously improved in every metric, with a plethora of new advancements on the near horizon, including Firedancer 🔥
Buying SOL here at the 50WMA is an absolute gift.
Target is still, and always will be $700-850 within the next 9 months.
SOLThe news that FTX will start paying its creditors next month could have several potential impacts on Solana (SOL), given the historical ties between FTX, Alameda Research, and Solana. Here's how this development might affect Solana:
1. Potential Selling Pressure on SOL
• FTX and Alameda Research were major holders of Solana (SOL) tokens. As part of the bankruptcy proceedings, these assets may be liquidated to repay creditors.
• If a significant amount of SOL is sold on the market, it could lead to increased selling pressure, potentially driving the price of SOL down in the short term.
2. Market Sentiment and Uncertainty
• The repayment process could create uncertainty in the market, especially if creditors choose to sell their received SOL tokens immediately.
• Negative sentiment around the FTX bankruptcy and its association with Solana could temporarily weigh on SOL's price and investor confidence.
3. Long-Term Impact on Solana's Ecosystem
• If the selling pressure is absorbed by the market without significant price disruption, it could remove a major overhang for Solana, as the uncertainty around FTX's SOL holdings would be resolved.
• Solana's ecosystem has shown resilience and growth despite the FTX collapse, with increasing developer activity, user adoption, and decentralized application (dApp) usage. This could help mitigate any negative impact.
4. Creditor Behavior
• The impact on SOL will depend on how creditors handle the tokens they receive. If creditors hold onto their SOL, the selling pressure could be minimal.
• Conversely, if creditors sell their SOL tokens en masse, it could lead to a temporary price drop.
5. Broader Market Conditions
• The overall cryptocurrency market sentiment and macroeconomic conditions will also play a role in determining SOL's price movement. If the market is bullish, the impact of FTX-related selling could be less severe.
6. Solana's Fundamentals
• Solana's long-term price trajectory will depend more on its underlying technology, adoption, and ecosystem growth rather than short-term selling pressure from FTX creditors.
• Recent developments, such as the growth of Solana-based projects (e.g., DeFi, NFTs, and meme coins), could help offset any negative impact.
Time to buy Solanahello friends
Well, I must say that it is very difficult to predict the route, but we can buy step by step.
Here, the price has fallen, and now it is on an important support. If the support is broken, we can buy lower support with capital management and move forward with it.
*Trade safely with us*
SolusdtSolana is currently testing a strong resistance level around $160. Previously, it attempted to break this level twice but failed to sustain.
This time, if Solana manages to break through $160, it will need to hold above it to confirm support. However, if it fails to sustain, the next key support levels to watch are:
1. $160 – A weak support level that may not hold for long.
2. $120 – A stronger, more significant support level if the price drops further.
The coming days will be crucial in determining whether Solana can establish support above $160 or retrace toward $120.
SolusdtSolana is currently testing a strong resistance level around $160. Previously, it attempted to break this level twice but failed to sustain.
This time, if Solana manages to break through $160, it will need to hold above it to confirm support. However, if it fails to sustain, the next key support levels to watch are:
1. $160 – A weak support level that may not hold for long.
2. $120 – A stronger, more significant support level if the price drops further.
The coming days will be crucial in determining whether Solana can establish support above $160 or retrace toward $120.
SOL- Death I've entered a short position on SOL at $180, with a long-term target of $100.
This isn’t coming from a place of hate...I’ve been a large holder for years and was accumulating under $20.
However, I’ve now fully exited my position. Beyond memes and rug pulls, I don’t see Solana offering real value to the space.
The ecosystem is largely propped up by Star Atlas, and I believe people are starting to recognize this, leading many to shift back to ETH.
This could trigger a near-term capitulation, so I’m hedging accordingly with a short.
Not to mention, SOL/ETH also looks to have topped.
Solana (SOL) Faces Major Trouble – Could Drop Below $170 SoonSolana’s struggle below $200 continues, now down 17% from its monthly highs above $220. Despite previous bullish momentum, SOL is facing serious downside risks, with multi-month support levels in danger.
🔻 Why Is Solana Dropping?
- Memecoin Controversy – Scams linked to LIBRA, Pumpfun, and Meteora have shaken investor confidence.
- Declining TVL & Volume – TVL fell from $12B to $8.9B, while trading volume collapsed from $35B to $2.5B.
- Open Interest (OI) Drops – Fell from $6.5B to $4.1B after rejection from its ATH of $296.
🔍 Technical Breakdown Signals Bearish Divergence
📌 Breaking Below 200-Day MA ($183.47) – SOL is losing critical support.
📌 OBV Downtrend – Lower highs and lows confirm bearish divergence.
📌 Pivotal Resistance Zone: $181.99 - $178.50 – If bulls fail to hold this range, expect a drop below $170.
What’s Next for SOL?
- Bullish Case: SOL needs to reclaim $185+ quickly to regain momentum.
- Bearish Case: If support at $178 fails, SOL could dip below $170 this week.
With memecoin uncertainty hitting Solana’s ecosystem, will the bulls step in, or is a deeper drop coming?
SOL/USDT Perpetual (30-Min Chart) – OKX AnalysisSOL/USDT Perpetual (30-Min Chart) – OKX Analysis
Market Overview
SOL/USDT is currently trading at $187.19, showing a bearish bias (70%), indicating a potential continuation downward.
Price is consistently making lower highs and lower lows, confirming a strong downtrend.
A key supply zone is at ~$195.67, acting as strong resistance.
The market is oversold (OS indicator triggered), suggesting a potential short-term bounce.
Key Technical Levels
Supply Zone (Resistance): $195.67 - $205.38
Immediate Support: $186.06 (Entry Level)
Major Demand Zones (Support Levels):
$186.06 (Potential Buy Zone, TP1 Level)
$181.50 (Stop-Loss Area, Break of Structure Invalidates Reversal)
Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)
Entry: Below $188.80 (Break of minor support, confirmation of downtrend)
Targets (TPs):
$186.06 (TP1 - First Target, Fib 0.382 Retracement)
$181.50 (TP2 - Stronger Support Zone, Break Below Confirms Sell-off)
$179.70 (Full Bearish Move, TP3 - Next Demand Zone)
Stop-Loss: Above $195.67 (Break of supply zone invalidates bearish setup)
📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)
Entry: $186.06 (Demand Zone Buy Entry, OS Signal Confirmation)
Targets (TPs):
$188.80 (First Target, TP1 - Minor Bounce)
$193.94 (Second Target, TP2 - Fib 0.382 Retracement)
$195.67 (Major Resistance, TP3 - Break Above Confirms Reversal)
$198.00+ (Full Recovery, TP4 - Fib 0.618 Retracement)
Stop-Loss: Below $181.50 (Break of demand zone invalidates bullish setup)
Conclusion
Market remains bearish, targeting lower support zones around $186 - $181.50.
If price holds $186.06 demand zone, a reversal could push towards $195+.
A breakout above $195.67 would shift bias to bullish.
Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀
Long sol Found a fractal of one of the hottest coins in the 2017 cycle, lets see if this plays out.
Without discussion, I can assure that the casino of this cycle is trading memes on Solana.
And crypto's main value proposition remains being a online casino that is open 24/7.
Therefore, if we get another push from BTC followed by an alt season (BTC.D to >40%), I think this will play out accordingly. If I assign probabilities to this trade, I would say theres is a 50/50% chance we get an alt season and this plays out. Manage risk accordingly.
Greetings,
CG
SOL (Solana) my notes for long-termThe price is having difficulty making new highs, and the RSI confirms this. $170 is the most important support; if this is lost, the $130-155 range can be tested. Below, $110 and $80 are important supports.
Positive scenario; if the price gets continuous support from $170, new ATH attempts may come. (260 - 415 - 510 - 670 dollars)
Negative scenario: If $170 is lost, the price will search for the supports I mentioned below for a long time and consolidate between these supports. It could be a sideways market or a downtrend.
These are the situations I am currently watching and expecting.
This is not investment advice.
SOLUSDT NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
SOLUSDT NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
SOL is $300 it?SOL, The first major runner this alt season, it has been very lack luster as of late.
I am just watching here.
I have my sol bags, which I assumed would be no touch, but I may "touch" them if they can't break the $300 this season.
I got in my sol a bit late and have it staked, so I am unsure at this time...
Not financial advice, just for fun
GTLA
What do you see as the LOWEST sol goes in crypto winter?
SOL/USDT 4H Chart ReviewHello everyone, let's look at the 4H SOL to USDT chart, in this situation we can see how the price has moved sideways from the downtrend line, while currently we see movement in the triangle marked with blue lines, in which we are also approaching the exit, and therefore the price should take the direction of movement.
Let's start by defining the goals for the near future that the price must face:
T1 = 206 USD
T2 = 224 USD
Т3 = 239 USD
Т4 = 255 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 192 USD
SL2 = 174 USD
SL3 = 160 USD
SL4 = 146 USD
When we look at the RSI indicator, we can see how energy is approaching the lower limit of the range and here we can see that we often had descents significantly below the lower range, but we are approaching the zone where we could previously observe price rebounds.
