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SOLUST trade ideas

Solana faces $6 billion short bet as price drops 12% from peakSolana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%. With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop. According to Coinglass, over the past 24 hours, the total value of Solana short positions has reached $6 billion, significantly outpacing long positions at $5.38 billion. This indicates a strong bearish sentiment among traders. On the daily chart, SOL’s price is poised to break below its 20-day Exponential Moving Average (EMA). This indicator tracks the asset’s average price over 20 days, giving more weight to recent prices.  Since October 11, it has consistently served as a dynamic support level for SOL. Currently, the 20-day EMA provides support at $226.52, and a decisive break below this level would confirm the shift toward bearish momentum. If this happens, the SOL price drop may reach $205.56. On the other hand, if market sentiment becomes more bullish, SOL’s price may rally toward its all-time high of $264.63.
by paul_endeo
SOLUSDTDecision time. Bullish divergence on the hourly but hasn't been able to break above the high and formed a pretty substantial hidden divergence. Break above the high would invalidate hidden divergence and we likely push back up into price discovery. Break below the line we could see us consolidating around that box. This is the first time SOL has been this high in the rankings so its hard to tell where it were play in the altcoin cycle and if it pumps and distribute profits at the same time as ETH or if it will have its own period of the cycle Best to just wait until it tells you what its going to do than guess
by Cmo22
#SOL The most noteworthy support zone📊#SOL The most noteworthy support zone❓ 🧠From a structural perspective, we reached the weekly resistance zone and then fell back, which is very reasonable, and a 4h-level short structure was built near the resistance zone. The target area of ​​this structure overlaps with the neckline support area, so this will be regarded as the heaviest support area (200-212). If the price can reach here, we intend to buy back the reduced spot positions again. ➡️ So, after such a decline was expected, we closed all the long orders held on the 17th yesterday. Congratulations to friends who followed the Wolf King to print money. 💕 Follow me so you don't miss out on any signals and analyze 💯 BITGET:SOLUSDT.P
Short
by wolf_king888
Lingrid | SOLUSDT long from SUPPORT zoneThe price perfectly fulfilled my previous idea. It reached the target zone. BINANCE:SOLUSDT is currently forming a complex pullback from the resistance zone, while the overall market trend remains bullish creating higher highs and higher lows. This price action suggests a possible period of consolidation, similar to what we've seen in the recent moment. However, if the price rejects the support level and the channel border, we could see a continuation of the upward momentum. It’s also possible that the market may target liquidity below the equal lows, which often serves as a magnet for price action before a bullish move. My goal is resistance zone around 262.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
SOLUSDT.1DAnalyzing the SOL/USDT pair on the daily timeframe reveals key trends and potential trading opportunities within the structure of technical indicators and price action. This analysis will detail pivotal levels and interpret the broader market sentiment. Price Action and Structure: SOL/USDT has experienced significant volatility, shown by its price peaks and troughs over the extended period. Recently, it has rebounded from the support at $153.26 (S1) and is now testing the resistance at $261.32 (R1). This price movement has formed a clear uptrend since the last major low, suggesting a bullish sentiment. Resistance and Support Levels: Resistance Levels: The immediate resistance level at $261.32 (R1) is crucial. A break above this could push prices towards the all-time high of $264.39. Consistent momentum may allow an attempt to break this historical resistance. Support Levels: The first major support lies at $202.28 (S1), followed by a stronger baseline support at $153.26 (S2), which historically has been a turning point for price reversals. Moving Averages: The upward trend line drawn from recent lows acts as dynamic support, showing a continuous bullish trend. This support line is instrumental in maintaining the current uptrend. Technical Indicators: MACD: The MACD is currently above the signal line but shows a convergence that may indicate a potential slowdown or reversal in upward momentum if it crosses below the signal line. RSI: With an RSI reading of 71.66, the market is nearing overbought conditions. This suggests caution as the asset may start to see a pullback or consolidation phase soon. Conclusion: SOL/USDT is in a bullish phase, testing significant resistance levels with a supportive uptrend. The current market position near the all-time high suggests that traders should watch for a breakout above $261.32 for potential long positions. However, the near-overbought RSI levels advise careful risk management, as a pullback could be imminent. Monitoring MACD for further divergence from the signal line will be crucial in determining the strength of the ongoing trend. Trade setups should ideally include stop losses considering the $202.28 support level to manage downside risks effectively.
Short
by MarsSignals
2
SOLUSDT analysis1-Hour Timeframe: Ichimoku Cloud: The price is below the cloud, confirming a bearish trend. The cloud acts as strong resistance near $244–$246, making it a critical level for any upward movement. Current RSI is 38.20, suggesting the market is near oversold territory, which could lead to a short-term bounce. MACD Bearish momentum persists, with no clear bullish crossover in sight. Stochastic RSI: Overbought at 78.31, indicating a potential short-term pullback or continuation of the downtrend. ATR at 3.82 suggests moderate short-term volatility, making tight stops feasible. 4-Hour Timeframe: Ichimoku Cloud: The price remains below the cloud, confirming a bearish trend on the larger timeframe. Resistance aligns near $250, with significant downside potential if the trend continues. RSI is at 40.42, showing weak buying momentum. There's room for further downside before becoming oversold. The MACD histogram shows strong bearish momentum, with no reversal signal yet. Stochastic RSI: Oversold at 7.38, suggesting a limited downside in the immediate term but no confirmation of a bullish reversal. ATR at 7.40 indicates higher volatility on this timeframe, suitable for wider stop-loss levels.
Short
by Ahmed2005
1
Solana may be set for the recovery. Here's why:Data from Coinglass reveals that Solana’s Long/Short ratio on the 1-hour timeframe has climbed to 1.17. A ratio above 1 suggests a higher number of traders betting on a price increase compared to those anticipating a decline. Currently, 54% of Solana traders hold long positions, while 46.17% expect a drop below $255. On the weekly chart, Solana’s price has surged above the 20 and 50 Exponential Moving Averages (EMAs), key indicators that measure trends.  With SOL currently priced at $255, above both EMAs, the altcoin seems poised to continue its upward direction. The formation of a bull flag further supports this bullish outlook. As long as the price remains above the upper trendline of the consolidation phase, it could rise toward $325. However, if selling pressure takes hold, this bullish scenario could shift. In that case, SOL might fall below $200.
Long
by paul_endeo
2
Why is SOLANA expected to reach $300 soon?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 addressing the query posed in the heading, Solana has demonstrated a consistent ability to outperform Ethereum in numerous key performance metrics over the past few months. This is further complemented by its highly proficient development team, which has implemented several strategic updates, positioning Solana at the forefront of blockchain technology with state-of-the-art innovations. 📚🎇 Given the project's robust fundamentals, a price target of $300, along with an anticipated 17% price appreciation, appears well within reach. 📚🐋 Moreover, the technical analysis corroborates this optimistic projection, reinforcing the likelihood of continued upward momentum. 📚✨ 🧨 Our team's main opinion is Solana has outperformed Ethereum, backed by strategic updates, a strong development team, and solid fundamentals, with a $300 price target and 17% increase expected, supported by technical analysis. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
6
SOLUSDT Market Structure Update👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in SOLUSDT for session trade (a couple of Hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB