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SOLUSDT trade ideas

SOLUSDTFibonacci Retracement: The SOLUSDT chart applies Fibonacci retracement from the high at 259.90 USDT to the low at 3.44 USDT. Currently, the price is near the 78.60% retracement level at 125.27 USDT, which acts as a strong resistance. If the price breaks above this level, the next target is the all-time high near 259 USDT. Stochastic RSI: The Stochastic RSI indicates an overbought condition (above 80), suggesting that a potential price reversal or at least a small correction might occur. This is especially important given that the price is near significant resistance. MACD: The MACD shows a bullish signal, but the signal lines are still close together, indicating that the bullish momentum is not yet strong. If the histogram turns more positive, we might see stronger upward momentum. Pattern and Candlestick: We can observe an ascending triangle pattern that has been broken to the upside, which is a bullish sign. However, the price is still hovering around the 78.60% Fibonacci resistance. A clear break above this resistance could lead to further rallies. Probability Based on Global News: Global market sentiment, such as regulatory developments in the crypto space, Solana (SOL) adoption, and macroeconomic conditions, could influence the price. If positive sentiment prevails, SOL could continue its upward trajectory.
Long
by betebangetgue
Stoploss Hunting is RealIn the provided chart there is a very clear bullish long term cup and handle chart, on top of that there is a sudden spike run as expected that verifies the bullish setup. Due to extreme bullish premise of the chart the consolidation area can be analyzed as the flag and the previous run as the pole, so what is the next expectation? You got it, it is another pole since the price crossed above the consalidation area top, but there is a catch. In the context of trading, stop loss hunting refers to the strategy where large market players intentionally push the price of an asset to a level where they believe a significant number of stop loss orders have been placed. This movement often triggers these orders, leading to a rapid, often artificial, price decline or spike. For traders who set these stop loss orders, this can result in the premature closure of their positions, typically at a loss, which otherwise might have been profitable. This tactic is particularly effective in environments with clear technical patterns, as they offer predictable points where stop losses are likely to be concentrated. As the price reaches these critical points, the sudden surge in selling or buying activity, precipitated by the triggered stop losses, allows the hunters—often institutional investors or large-scale traders—to enter or exit positions at favorable prices, capitalizing on the artificial volatility they've helped create. Thus, while the chart suggests a bullish continuation, traders must be wary of such manipulations that can disguise themselves as normal market retracements or consolidations.
by mertenes3
1
Solana Faces Resistance at $160, Seeks Liquidity Between $132 anSolana (SOL) is currently in an interesting price range for investors looking for liquidity opportunities. The asset may retreat from the $153 level towards lower levels, seeking liquidity in the $137 to $132 range, offering a potential entry point for short-term investors. However, the asset is facing significant resistance around the $160 mark, which has been challenging to surpass in the current market environment. Despite this difficulty, Solana shows promising long-term potential, supported by its robust technological infrastructure and increasing adoption in the blockchain market. Investors with a more patient profile might view this phase as a strategic positioning opportunity, with an eye on potential future gains.
Short
by space_cash
Waiting for a Buy Opportunity at SOL Support ZoneSOL/USDT is currently trading around 156.19 USD, and I’m keeping a close eye on its price action. After a solid bounce from the key support level at 151.46 USD, I expect it might consolidate for a while between the resistance at 159.52 USD and the support around 153.12 USD. If the price pulls back to the 151.46-153.12 USD zone, I see that as a strong buying opportunity, especially since it lines up with the 0.618 Fibonacci retracement level. This level often acts as a significant support in uptrends. In the short term, I’m anticipating some sideways movement before we get a potential breakout above 159.52 USD. If that happens, my target would be the next key level at 167.13 USD, which aligns with the 1.618 Fibonacci extension. While there’s always the possibility of a pullback, the way the price has been moving lately makes me believe that the buyers are still in control. I’ll be watching the support zone closely for any signs of further bullish action.
Long
by Suyouu
SOLUSDT : How to trade ?The chart for SOL/USDT presents a bullish harmonic pattern (likely a Gartley or Butterfly), with the price currently sitting around $152.22 after a recent upward move. The "D" point, which forms the completion of the harmonic pattern, suggests that the price could be setting up for a potential reversal or continuation to the upside, targeting the key resistance level at $159.46. The green zone around $145.00 serves as a critical support level where buyers have previously stepped in. A breakout above the $159.46 resistance could signal a strong bullish continuation. However, if the price fails to break this level and reverses, it could retest the support zone. Traders should monitor this zone closely for any breakouts or reversals in the short term.
by Suyouu
Solana: New Lower High Being Established Solana is in the process of establishing a local lower high, which would indicate the end of the current price bounce. Good Monday my fellow Cryptocurrency trader, I hope you are having a wonderful day. A lower high at this point would signal the resumption of the bearish move; a bearish continuation. This continuation would be the continuation of the drop that started 18-March and was later continued late July. The next down-move would be the final drop of this correction and would likely establish the bottom and thus bullish dynamics. How far down it goes it is still speculation because it depends on how ready buyers are to enter the market and how strong the bears are. With that said, the main three support range are mapped on the chart. It will be very interesting to see how it all develop. Will it be a flash crash or a long drawn out drop? Leave a comment with your thoughts. Thank you for reading. Namaste.
Short
by AlanSantana
6
SOL ANALYSIS🚀#SOL Analysis : What Next ??💲💲 ✅As we can see that #SOL is trading in a "PARALLEL CHANNEL" since many days. There is an instant resistance zone and if #SOL breaks the resistance then we would see a bullish price movement 🔰Current Price: $154.80 🎯 Target Price:   $185 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation. Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend. Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher. If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March. However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Long
by paul_endeo
SOLUSDT/ PERPUTUAL / H1 / SHORTSOLUSDT may come down from the bearish order block. BEARISH ORDER BLOCK :- 150.49 AND 148.14 BULLISH ORDER BLOCK :- 137.25 AND 135.33 I analyzed the chart using SMC trading strategy. there is high probability that thee price comedown from the bearish order block. and this trading strategy have high success rate and i have analyzed the BTC also it was also near Bearish order block. so we can proceed with this. My analysis shows that :- Entry price :- 148.11 Take profit :- 147.33 Stop loss :- 153.89
Short
by PraveenTrader1
Latest SOLUSDT update todayAs the SOLUSDT pair continues its movement within a well-defined descending triangle pattern, traders are closely watching the price action unfold on the 4-hour chart. This bearish continuation pattern is gaining attention as the price forms a series of lower highs, with a consistent support level provided by an ascending trendline. Key Resistance Zone Holds Firm SOL’s price is currently trading near a key resistance zone, ranging from 142.54 to 144.48 USDT, which has acted as a barrier to upward momentum on multiple occasions. Despite attempts to break through, the market appears to be respecting this zone, further increasing the likelihood of continued downside pressure. Bearish Outlook Strengthening The descending triangle pattern typically signals a potential breakdown, especially as the price continues to be compressed within the narrowing range. If the price fails to push past the upper boundary of the triangle and encounters rejection within the resistance zone, it could lead to a strong bearish move. A decisive break below the 137 USDT level, marking the lower boundary of the triangle, would confirm the breakdown. Should this occur, SOLUSDT may target the next major support level around 130 USDT, as the bearish sentiment dominates short-term market dynamics.
Short
by Suyouu
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H - It is moving in an ascending channel in the 4-hour time frame. - It is currently in wave 3 or c, which can continue its growth up to the top of the channel. - A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range. - After that, a 5-wave correction has extended to the bottom of the channel in the golden zone. - Wave a has a three-wave cycle and wave b has a five-wave cycle. - Therefore, wave c can extend to the region of the roof of the channel and the red box. 💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth. ⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be 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. »»»«««»»»«««»»»««« KUCOIN:SOLUSDT
Long
by alikze