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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

Why is SOLANA expected to reach $300 ?Hello 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 , 📚💡 In response to the query raised in the heading, Solana has consistently outperformed Ethereum across several critical performance metrics in recent months. This achievement is further bolstered by its highly skilled development team, which has successfully rolled out a series of strategic updates, solidifying Solana's position as a leader in blockchain technology through cutting-edge innovations. 📚✨ With its strong foundational strength, a price target of $300, reflecting a potential 27% price increase , seems entirely plausible. Additionally, technical analysis supports this optimistic outlook, suggesting that the upward trend is likely to continue. 📚🙌 🧨 Our team's main opinion is: 🧨 Solana has outpaced Ethereum in key performance metrics, backed by a skilled development team and strategic updates, positioning it as a leader in blockchain innovation. With strong fundamentals, a $300 price target and a 27% potential gain are well-supported by technical analysis, indicating continued upward momentum. Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
SOLUSDT 1H - Ascending Channel Under Selling PressureThe chart shows a sideways movement with an upward slope, within an ascending channel visible on the 1-hour timeframe. At the moment, the price is close to the dynamic support of the channel, but the indicators show selling pressure. The EMA (Exponential Moving Average) suggests dynamic resistance, with the price finding it difficult to consistently break above it. Support: $229.69 $225.00: Considered a critical support, its loss could signal a broader reversal in the short term. Resistance: $241.72 $247.00: Upper resistance on the 1H chart, coinciding with the recent top. A break of this level could propel the price towards $256.69. RSI (Relative Strength Index): Indicates selling pressure. MACD: Also presents a bearish crossover, reinforcing the sell scenario at the moment. Although the price of SOL/USDT is inside an ascending channel, the selling pressure indicated by the indicators (RSI and MACD) suggests that the price may test the supports before resuming the uptrend.
by ferulianov
SOL - Will breakout and hit new ATH in matter of days#SOL/USDT #Analysis Description --------------------------------------------------------------- + SOL is trading near the resistance zone + a minor pull back is expected before breaking out the from the resistance zone + If the price breaks out then next target is 500, 1000, 1200 --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:230 Stop Loss: 128 ------------------------------ Target 1: 300 Target 2: 350 Target 3: 400 Target 4: 550 Target 5 700 Target 6: 900 Target 7: 1200 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 1-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1
Solana breaks from a consolidation point: analysisSolana has surpassed BNB to enter the top fifth crypto after rising over the consolidation around $230. The rise in the value of the star token, Bitcoin, helped the SOL price rise break the crucial resistance. Now that the price has initiated a huge breakout, the token is believed to maintain a steady ascending trend. However, the possibility of a bearish reversal also emerges, which could drag the levels back to $235 and levels slightly below.  The bearish activity had outpowered the Solana bulls ever since the token formed a new ATH above $264. The price dropped further and the plunge in volume prevented the bulls from lifting the levels from the interim lows. However, with the beginning of the fresh monthly trade, the bulls seem to have gained acute strength. As a result, after the current breakout, the SOL price is primed to surpass the current ATH to reach $270 shortly.  The short-term price action of Solana suggests the price has broken the upper resistance of the descending parallel channel and attracted bearish attention. However, the technicals continue to remain bullish, which suggests the price may withstand the bearish pressure and eventually enter the resistance zone between $247.09 and $250. The stochastic RSI has rebounded from the interim descensing trend, indicating the levels to remain around the upper threshold for a while. This hints towards an extended bullish consolidation that may assist the SOL price to rise above $250.  Therefore, the Solana price could reach $300 before the end of 2024, provided the upcoming weekly close needs to be above the current ATH. Otherwise, the price may remain consolidated below the ATH for a long time and just before the yearly close could validate a strong upswing. 
Long
by paul_endeo
SOLUSDTKey Level Zone : 2.0512-2.1672 HMT v1.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love!
Long
by Ren_MomentumTrader
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on.... Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance Support levels: 222, 205 Resistance levels: 239.6, 245.3, 264.4 I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
10
Solana's AnalysisSolana (SOL) has recently experienced significant price movements, influenced by both technical indicators and fundamental developments. Technical Charting As of December 5, 2024, SOL is trading at approximately $234.02, reflecting a slight decline from its previous close. The intraday high and low are $237.93 and $224.09, respectively. The chart indicates that SOL has been consolidating within a channel, with resistance around $245 and support near $220. A breakout above the 9-day and 21-day moving averages could propel the price toward $280, $290, and $300. Conversely, a breakdown below the channel's lower boundary may lead to declines to $185, $175, or $165. The Relative Strength Index (RSI) suggests that SOL is neither overbought nor oversold, indicating potential for upward momentum if buying pressure increases. Fundamental News Several recent developments have impacted SOL's price: Grayscale's Spot Solana ETF Filing: Grayscale Investments has applied to convert its $134 million Solana Trust into a spot ETF on NYSE Arca. This move coincided with a 6% price increase in SOL, reflecting growing institutional interest. Altcoin Season and Meme Coin Frenzy: The cryptocurrency market is experiencing an "altseason," where altcoins outperform Bitcoin. SOL has gained 40% since early November, benefiting from increased speculative interest in altcoins and meme coins. Robinhood's Addition of Solana: Robinhood Markets has expanded its cryptocurrency offerings by adding SOL for U.S. traders, increasing accessibility and potentially boosting demand. Conclusion SOL's recent price movements are supported by positive technical indicators and favorable fundamental developments. The consolidation within the current channel suggests potential for a breakout, especially with increasing institutional interest and broader market trends favoring altcoins. Traders should monitor key support and resistance levels, as well as stay informed about regulatory changes and market sentiment, to make informed decisions.
Long
by lesnermj