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SOLUSDT trade ideas

SOLUSDT.1DUpon examining the SOL/USDT daily chart, it’s evident that Solana has exhibited substantial volatility over the analyzed period, reflecting significant investor interest and market activity. Here’s a detailed breakdown of the technical aspects: Support and Resistance Levels: Support Level 1 (S1) at $116.96, which is critical as it previously acted as both resistance and support. This level could play a pivotal role in determining short-term price movements. Support Level 2 (S2) at $93.66, a deeper level which may come into play if there is a significant bearish downturn. Resistance Level 1 (R1) at $164.23, near recent highs and a potential target for bullish momentum. Resistance Level 2 (R2) at $193.09, marking the peak reached during a recent surge and representing a strong resistance area. Technical Indicators: The MACD (Moving Average Convergence Divergence) is currently showing a bearish signal with the MACD line below the signal line and both trending downward. This suggests that there might be continued bearish momentum in the near term. The RSI (Relative Strength Index) is below the mid-point (50 level), indicating bearish momentum but not yet in the oversold territory, which suggests that there could be room for further downside before any potential reversal. Conclusion: The SOL/USDT pair shows a bearish trend with the potential to test further supports if the current levels do not hold. The key area to watch is Support Level 1 at $116.96. If this level is breached, it could lead to a test of Support Level 2 at $93.66. On the upside, any reversal from these levels might attempt to challenge the resistance at $164.23, and a breakout above this could target the high at $193.09. Given the bearish indications from the MACD and the RSI positioning, traders should be cautious and consider setting stop-loss orders to manage risks effectively. Watching how the price reacts at these support levels will be crucial for traders looking to either capture rebounds or brace for further declines. As always, keeping an eye on broader market sentiment and developments specific to Solana will be vital for adjusting trading strategies accordingly.
by MarsSignals
We Will Have a Small Correction Before The Breakout 👉 At The High Timeframe (Weekly) ,SOL Perfectly Completed W1 And W2 Of Impulsive Move And Currently Playing At The Wave 3 📥 For Me Here Is Not a Interesting Point To Buy Me Because The Price Exactly Rejected From The Main Trend Line And Also Wave 3 From Main 3 PRZ ,There Are Two Important Buy Levels For The Next Move ,130$ And 100$ ,Will Share a Update About SOL If I See And Bullish Pattern At Low Timeframe But Totally I Don’t Suggest You To Enter The SOL At This Point
by Bullish_Traders
1
SOLUSDT, Sat 03 Aug, Updated 3 !The Sol Price Action in Weekend! There are many News on US Market Yesterday! Today Is Saturday but the market is open and Trading! What I see in Market of Sol till now, I expected: We can have Long Position in NY Session (Maybe & Maybe) But I looking for Big short Position; when the price will hit the "Buyside" And when I get confirmation from BTC Price Action. The BTC must hit its "Buyside" first. There are few "FVG" `s sit on FIBO`s Levels. Which FVG will be respected By Price? Then We can get Big short Again! Happy Weekend!
Short
by kevin13433
Solana breach the 4 hours resistance but will it breakout soon?The current price for Solana is USDT41.52 nearing the 1 day resistance of USDT42.25. Traders need to wait for 2 to 3 weeks time to see the price action will or will not have a 7% above green closing candle stick break out. If there is a breakout the price will definitely go higher for more than 100% or above USDT84.50. Based on the next nearest resistance is USDT143.31 for the 1 week charts resistance. Once 7% break out it is all clear the price will reach USDT143.31. If the strong tail wind of Grayscale Bitcoin ETF will be approved soon and the continue war between Israel and Hamas tension continue, then there will be no further issue the price will go higher. This will only happen when there are no new strong headwind coming into play in cryptocurrency in the coming 6 months time
Long
by juntech8
1
SOLUSDT Bullish Corrections: Heading Towards $164Analysis: Following the impact of yesterday's news, SOLUSDT is showing signs of bullish corrections. The price has been correcting from the $152 price region and is now making its way towards the $164 price point. Key Points: News Impact: Recent positive developments have sparked renewed interest and confidence in Solana (SOL), leading to increased buying pressure. NFP Impact: The Non-Farm Payroll (NFP) report released today significantly affected the market. As a result, we observed a Bitcoin price drop, which caused traders to panic sell across the crypto market. Despite this, SOLUSDT is demonstrating resilience and a bullish correction. Support Level: The $152 region has shown strong support, acting as a solid foundation for the current upward movement. Target: Based on current market momentum and technical indicators, the next significant resistance level appears to be around $164. Technical Indicators: Moving Averages: The 50-day and 200-day moving averages are converging, indicating potential for a bullish crossover. Relative Strength Index (RSI): Currently trending upwards, suggesting increasing buying momentum. Volume: There has been a noticeable uptick in trading volume, supporting the bullish outlook. Conclusion: With the support at $152 holding strong and the market reacting positively to recent news, SOLUSDT is poised for a move towards $164. The market's response to the NFP report, causing a Bitcoin price drop and subsequent panic selling, adds an extra layer of volatility to monitor. Traders should watch for potential pullbacks and confirm the uptrend with volume and momentum indicators. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
Long
by TheLastLuftwaffe
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
10
Solana Faces Crucial Re-TestSolana's chart looks pretty similar to Bitcoin's. Accordingly, we can see a bearish structure in the making: 1—Solana has printed a double top on the daily chart. The pattern is similar to the one in March/April, when we saw a drop of almost 50%. 2—The MACD has flashed a bearish crossover on the daily chart, which is usually a strong indicator of more bearish price action. In this context, the long-term downtrend line seems to be the make-or-break level. Just a couple of days ago, Solana broke out of the downtrend that started in March. A break below would certainly trigger more sell pressure, while a successful bounce would signal a strong bullish sign.
by ben_walther
SOLUSDT, Thu 01 Aug, Updated 1!A new analysis on price action Solana! In the daily candle, the price of Sol decreased from April 1 to April 13. A sharp and relatively quick downward movement from the price of 203 to 112. Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21). The price of 176 is the buy stop line, which was broken by this upward movement. But it didn't reach the price of 192 (red FVG) and then it went down again. Of course, after touching the price of 176, the price went down and continued until June 24. It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color. It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day. Result: Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short! This is not a buy or sell or trade offer, this is just an analysis and an idea!
Short
by kevin13433