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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

$SOL Weekly RSI Hits 70: A Bullish Signal?CRYPTOCAP:SOL Weekly RSI Hits 70: A Bullish Signal? 🚀 Solana's weekly RSI has reached 70 for the first time since November 2023. Historically, every time the RSI touched this level, it marked the beginning of a bullrun that lasted for several months. What This Means: #Bullish Momentum: RSI at 70 indicates strong upward momentum and growing buyer interest. Historical Pattern: Past runs suggest this rally could continue well into March 2025, aligning with market cycles and ecosystem growth. Key Takeaways: #Solana's fundamentals, combined with this technical indicator, point to sustained growth ahead. While short-term volatility is expected, long-term holders may see significant gains.
Long
by VIPROSE
Solana OI nears $5 million. Is new ATH on a horizon? Solana’s price rally has brought it close to forming a new all-time high, stirring optimism among traders and investors. The altcoin’s upward momentum reflects heightened market activity, but challenges remain as Solana struggles to breach critical resistance levels.  Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains. However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a correction. From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether Solana can maintain its upward trajectory or succumb to market pressures. However, mixed signals from market sentiment and technical indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence. 
by paul_endeo
#SOL Long target achieved, new trading opportunities📊#SOL Long target achieved, new trading opportunities🔥 🧠From a structural perspective, the long structure targets at the daily and hourly levels have been achieved, so there is an expectation of a pullback, so we manually locked in the main profits and only kept a small number of positions to expect more. ➡️If we start to pull back from here, then a short structure will be built after breaking the inflection point. The target area of ​​this structure and the yellow support area are the support areas 200-222 that we need to pay attention to. ⚠️If we continue to break through the previous high, it means that we are likely to challenge the historical high. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 KRAKEN:SOLUSDT
Long
by wolf_king888
SOLUSDT: Just a Bit Closer to New High!BINANCE:SOLUSDT is rising and testing the resistance level of 248.47, but it is worth noting that the coin shows no signs of slowing down, with the aim of reaching ATH or even updating it. The fundamental backdrop of the coin is being reinforced with news of a possible launch of a Solana-based exchange-traded fund (ETF), which is expected to be discussed in 2025. So far, the only two approved ETFs are for Bitcoin and Ethereum. Technically, buyers are trying to control the 243 - 244 area. If buyers stay above this area, there is every chance of forming a new all-time high The trigger zone will be 245, a breakout and consolidation will stimulate growth. However, I do not rule out the possibility that the price will correct to consolidate before strengthening further. But! In any case, buyers still have the upper hand in the medium term.
Long
by JerrytradingCR
Solana expects a continuation of the correction. My view I do not share the opinion of many analysts that there has been a market reversal and a bull market has begun. My analysis is based on Elliott's Law and I believe that the solana is in the final stage of the formation of wave B and the final stage of correction, i.e. the formation of wave C, is expected. With this in mind, at $142 I will open a short position until the price reaches $3.50 per solan, from this price point I expect the start of a bullish trend. This is only my prediction for this tool and how I will act in the market, and therefore is not the truth in the last instance
Short
by Levec
33
Solana - 15 min Elliott Wave AnalysisGreetings, this is currently my primary scenario for Solana but I'll also upload a second analysis with a back-up scenario so we're prepared for whatever happens! :) It looks as if Solana is forming an Elliott Wave Triangle on the lower timeframes which would finish a higher timeframe Wave 4. The most bullish scenario would be that Waves A-B-C-D are done and we are working on Wave E. We could go up right away if Wave E undershoots but I doubt that as we haven't seen any bullish reaction yet. The optimal Target for Wave E is between 212.49 USD and 208.23 USD. It is worth mentioning that we got plenty of FIB overlaps between 210 and 211 USD which additionally is the golden pocket. Below the golden pocket we also do have the weekly open at 210.07 and the daily open at 209.57 which could function as further support. I wouldn't be surprised if the price goes to the 1.618 extension at 207.94 USD which does overlap with the 0.786 FIB of Wave C-D and the trendline of the triangle as the previous waves always hit the 0.886 or the 0.786 FIB from the previous waves. If the triangle breaks down we'd be looking for a deeper Wave 4 or a Wave 2 which I'll discuss in detail in the following analysis. The Wave 4 support is between 200.34 USD and 172.52 USD and Wave 2 support is between 190.18 USD and 170.14 USD. The technical price target of the triangle would be around 185 USD. With a break below 160 we have to assume that something more bearish is going on. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Solana - 4H Elliott Wave AnalysisGreetings, this is my 4H count for Solana. Currently we are working on the 5th Wave of the white 5 Wave move up which would finish the blue Wave 3. We did hit the first target for the blue Wave 3 at 137.19 USD but it seems we have the potential to go a bit higher. You can see the support area for the wave count within the white Wave 5. We assume that the white Wave 5 is in the making as long as we stay above 215 USD. We added further targets for the blue Wave 3. Next targets are the 1.236 FIB at 262.14 USD, the 1.38 FIB at 278.63 USD and the 1.618 FIB at 308.20 USD. Noteworthy is that the 1.236 FIB at 262.14 USD is right above the ATH. Additionally we got some more FIB confluences between the 1.236 FIB and the 1.38 FIB. We got a higher degree target at the 0.786 FIB at 268.91 USD and at the 1.618 FIB at 265.89 USD. The 0.786 FIB target of the white Wave 5 is also at 267.20 USD. After we top in the blue Wave 3 we want to see a pullback in blue Wave 4. Currently the support area for the blue Wave 4 is between the 0.236 FIB at 218.13 USD and the 0.5 FIB at 184.22 USD. We do not want to drop substantially below the 0.618 FIB at 169.06 USD. The blue Wave 4 support area will move up if we get a higher blue Wave 3. If you are interested in a more detailed count of the white Wave 5 it is recommended to read my last Solana publishing called "Solana - 1H Elliott Wave Analysis". Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
Solana - 1H Elliott Wave AnalysisGreetings, this is my newest update and count for Solana :) Recently we broke out in an Elliott Wave Triangle which finished the white Wave 4 and we started working on the white Wave 5. I count the breakout as the green Wave 1 and currently we are working on the green Wave 2 in an ABC where we finished the red Waves A and B already. The blue Wave 2 Support sits between the 0.382 FIB at 230.78 USD and the 0.786 FIB at 218.57 USD. As the red Wave A nd B are in we can calculate the optimal target area for red Wave C. The red Wave C optimally terminates between 227.38 USD and 221.41 USD. The target area for C is showed as a box within the blue Wave 2 support. Noteworthy is that the optimal target of Wave C is in confluence wit the golden pocket of the blue Wave 2. A rare target for the red Wave C would be the 2.618 extension at 215.59 USD marked dark red here right below the triangle trend line but this would break our blue Wave 2 support and shift probabilities to that we already topped out in the white Wave 5 and started a pullback. We added an additional target area between the 0.618 FIB at 255.45 USD and the 0.786 FIB at 267.20 USD to look out for if we move higher. Noteworthy is that the ATH is within that target area and this ATH could serve as resistance. The 0.786 FIB at 267.20 USD is also in confluence with higher timeframe FIBS at 268.91 USD and at 265.89 USD. Be aware that if we break the ATH we will enter price discovery. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DynamicCapital-FX
1
Solana - 15 min Elliott Wave AnalysisGreetings, here an 15min Chart update for you :) I adjusted the Wave 2 support as Wave 1 stretched a bit higher. Wave 2 Support sits now between the 0.382 FIB at 230.78 USD and the 0.786 FIB at 218.57 USD now. Noteworthy is that the upper trendline of the triangle is around the same level as the 0.786 FIB of the projected Wave 2. We can count an ABC move down marked as yellow which could finish the correction but we assume that this is only the red Wave A of the bigger red ABC. We now want to see a corrective move up in red Wave B. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Alikze »» SOL | wave 3 out of 5 bullish scenario - 8H🔍 Technical analysis: The second bullish channel - wave 3 out of 5 bullish scenario - According to the analysis presented by Solana in the previous post , the targets specified in the ceiling of the channel (the range of the first red box) were touched. - It has now entered the second bullish channel with the break of the red box, which can continue with a pullback to the broken structure of this movement cycle. - Therefore, according to the upward trend and the continuation of Solana's movement cycle, which is in wave 3 out of 5, the targets specified in the chart are within reach of the upward trend of Solana's currency. 💎 Objectives: The middle of the second ascending channel and then the ceiling of the channel and the specified supply area will be. It is currently in wave 3 out of 5, which can crown the mentioned targets. ⚠️ In addition: if the Invalidation LVL area is updated and touched, the continuation of the upward scenario will be invalidated and must be checked and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SOLUSDT
Long
by alikze
10