Solana is ready to shorttttSeplana is ready to start its fall, what do you think?? Be sure to keep an eye on Solana for shortsShortby kingcrypto6229
SOL maintaining an upward trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point. Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62). - (1W chart) We need to check if it can continue the upward trend along the upward trend line. If not, 1st: 0.5 (98.71) ~ 0.618 (119.71) 2nd: 0.236 (51.71) ~ 0.382 (77.70) You need to check the support near the 1st and 2nd above. - (1D chart) Unlike most other coins, it is one of the coins that is maintaining an upward trend. Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave. - A new buy zone is possible when support is confirmed near 134.96-147.74. If it rises, the 168.41-179.89 zone will be the first sell zone. Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds. The stop loss point is 112.24. Since the stop loss point is far away, investment weight adjustment is necessary. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto4
SOL Short Setup update - Aug 6 2024Just as predicted on July 29th, #SOL crossed below the trendline and dumped to much lower levels and hit all our TPs, during the panic-selling by traders, SOL dumped some 40% Shortby AlgoBotTrading114
Solana to $155 todayI'm currently waiting to long solana. The odds are in my favor. Just waiting for entry based on my plan. Solana is correcting on the daily it seems. This gives an opportunity to take a short term long. Target is $155 area. Given the market pushes to that area as I anticipate I'm expecting possible continuation back to the downside. I'll update when I enter the trade, might take 2-3hrs. Longby FilnftUpdated 5524
BTCUSDT & SOLUSDT, Tue 06 Aug, Some Trade Scenarios for PM Se.!The Both price of BTC and Sol are playing in 50% Fibo Level. In London Session Could get short position. In NY session, I couldn't get Long Position. Who got this long is Smart one! The Market is Bullish, Maybe - Have sharp upward price Movement till 62% Fibo Or Maybe - Can get short. what do you think? Short or Long? I think after 13:30 can get decide or a lit clear to Long or Short! Please send your comment & share your ideas & Boost my Idea! Thx in advanced!by kevin134331
SolanaAfter yesterday's collapse, Solana was able to regain its support zone. Probably, the price will pull back to this area and move up to the specified area.Longby Trading-House226
Head and shoulder Pattern If the price breaks the trend line, it will fall to 130Shortby HRSanalysis111
SOLANA OUTPERFORMSThis is NOT a suggestion to buy Solana, but rather an observation. Solana once again bounced the hardest and led the recovery. This is important to note, because if you are being selective, you want to be in the strongest assets. Solana is currently trading higher than before the dump yesterday, which is quite impressive. It also never lost the range lows on a candle close, but rather swept them. I do not think that every token will do well this cycle, so it is important to seek the best names. This is likely to continue to outperform throughout the next bull market.Longby ScottMelker117
You said "SOLANA NETWORK", I said "SOLANA NOTWORK"...You said "SOLANA NETWORK", I said "SOLANA NOTWORK"... There was a drastic move for more than 40% without any corrections. Strange thing is that during such a huge moves, solana quite often goes down. This time it was working perfectly, which is kind of "strange". This gives to me the sign, that it could be only the start for the "things goes wrong way completely". Also, for the SAGA2 the team has collected more than 45bln$ on 100 000 preorders, while mcap. is 65bln$ at the moment. After that, the different projects have airdropped to the people who preorder, in total more than the preorder price of the SAGA2. Strange to be so generous for the NEW projects/tokens/memes as there is no direct interest for them + you need to have quite big capital to do the charity like that. From the logic point of view, it looks like solana stands behind all that projects who has dropped more than 10$ per user. So, from where to take the money to cover that airdrops, if the users has received more than 45bln$ as an airdrop? I suppose, that in next strong move, we will see the network to goes down for a while in order to push to sell. As we look on the chart, after the 40% move down, we are sitting exactly below the pierced level where the reaction was quite strong from it. Targets are marked on chart. Guess we will see some accumulation, but think that it will be short. After that we will continue digging down in search of the budget. Thoughts above - it is only my opinion, and not a financial advice. DYOR Shortby Dirtypaws115
Solana dropped after big OI trapSolana dropped after big OI trap 1st target was a PoC of a previus range that's good right now i expect bigger drop into key zone $100 - $120 but before it happens price should make additional consolidation 02:35by Yuriy_BishkoUpdated 9
#SOL/USDT#SOL The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it We have a major support level in green at a price of 111 We have a trend to stabilize above the moving average of 100 Entry price 115 First target 125 Second target 135 Third target 146Longby CryptoAnalystSignalUpdated 8824
Solana makes strong low back into wedge, could we see new highs?The recent lows of the past week have wicked back into the wedge formation. We have had a SRSI cross on the daily, could we see an ATH? Might be worth a long trade 2x with SL of -15%. DYORLongby Aussie_Rocket3
Solana (SOL): where to next?Solana (SOL) has been oscillating between $116 and $210 for several months, indicating buying on dips and selling on rallies. The price rebounded off the solid support at $116, signaling that the bulls are active at lower levels. The SOL/USDT pair could reach the moving averages, which are the key resistance level to keep an eye on. If the price turns down from the moving averages, the bears will try to sink the pair below $116. If they succeed, the fall could reach $100 and then $80. On the upside, a close above the moving averages will suggest that the selling pressure is reducing. The pair may extend its stay inside the large range for a few more days.by paul_endeo0
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis: Technical Analysis Resistance and Support Levels (R1, R2, S1, S2, S3): The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96). Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal. MACD Indicator: The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet. RSI: The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions. Conclusion Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics. For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.by MarsSignals0
$SOL swing LongCRYPTOCAP:SOL Bullish idea - Bouncing off H12 demand - Sellers got absorbed at the previous quarter's value area low - Bouncing off developing quarterly value area low - Targeting 175Longby CryptoGoProUpdated 2
Solana (SOL): Made A Good RejectionSolana had made a good rejection of the resistance zone where bears are taking dominance, which can result in a nice downward movement here. We are looking for all of those liquidity zones for any decent support so keep your eyes open on them (especially the middle one). Swallow Team Shortby SwallowPremiumUpdated 191933
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.by benjaminxbt4
SOL aint looking that goodYes, the market structure isn't really broken and it hasn't lost any major support Yes, it can go higher, a lot higher, and yes it's been one of the best performers of this cycle . Which makes it rather risky to short it. But it doesn't change the fact that it: - Failed to beat critical levels - By being one of the best performers, retail is loving it. - Everyone is too comfy in longs. The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here. Shortby cryptokebabUpdated 110
Solana weekly analysisI have marked the key levels on the Solana now lets wait the weekly closing to confirm the next movement as per price action. by TrendPilot0
SOL LongAfter a heavy and powerful fall, we can expect a correction The indicator also gave a bullish reversal signal that we can count onLongby amir95
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000. For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL. SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough. From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated. With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions. by ProR35Updated 3
SOL - possible more shortsHi, I have added to my short position at 183$, right now my entry short price is 178$. Im still expecting more drop as Solana is very expensive compared to other coins on the market. We should see more longs liq. If this not going to happen closing my shorts above 185$ with loss.Shortby KoDPreyUpdated 112