Solana..waiting game Solana at a strong support level, if broken it could sell to the downside but bulls could push it back to the upside
SOLUST trade ideas
Sol short term buySolana consolidating with good response to support after strong uptrend , looking for break of range into 250 area.
SOL LONG POSITION Price of #sol is sitting in a very strong support zone at $222. As long as price stays above this zone, a retest back to it's previous weak high which it's created at $264 level is certain and we could see #sol break through all the way up to $300..
SOLUSDT LONG POSITION Price of #sol is found trading in a very strong support zone, As long as price stays above this zone, a retest back to it's previous weak high which it's created at $264 level is certain and we could see #sol break through all the way up to $300..
sol usdtSolana (SOL/USDT)
According to my analysis, the price of Solana is expected to move within the range of 205 USDT to 195 USDT initially. Following this, projections indicate a potential price increase, reaching up to 350 USDT in the coming period. I recommend exercising caution and closely analyzing the market before making any investments.
Best regards,
GashiFX
SOL possible resurrection?
SOL is one of the most affected cryptos by the FTX crash.
Without knowing much about its fundamental, I would like to give my view based on TA.
In my opinion, along with other large cap cryptos, SOL may have found its bottom (at $8). What will be the worse scenario for SOL than the FTX's fall? May be the crash of all markets? Except this extreme scenario or a similar one, I expect a recovery of crypto market in general and of SOL in particuliar.
Now let talk about SOL. My idea is quite simple: On weekly time-frame, CMF values seem to cross 0 from negative values. It would indicate that the bottom is in and the trend is about to reverse for SOL. Prices are now above the lowest ascending trendline (black continous line), but it would approach this support in the future, at a higher prices. By this, I suppose that the lowest trendline depicted in chart would be the last support, if the considered structure holds.
Certainly I need to search/update on this project, but for a possible investment strategy, I put in chart a referenced "Accumulation area" and a very optimistic target.
What do you think about this analysis and the price projection? Do you believe in a possible ressurection of SOL (and why)?
Thanks for your comments and for any piece of information about the project.
All the best with your trades!
SOL/USDT ANALYSIS Sol has been on the rise since the start of the BULL MARKET. Now it's in a price correction mood and the green zone would be an interesting place for LONGS.
SOL Performing Head and ShouldersYes reversal pattern in mid timeframe
We can see now holding in support area but if 220 break down we can see around 180
180 is good for swing play in next year
SOL Bears Take Charge as Key Support Levels Come Into FocusThe analysis of BINANCE:SOLUSDT reveals a bearish trend, with closing prices consistently declining from previous highs. The EMAs indicate this downtrend, as the 9 EMA has crossed below the 20 EMA, confirming a short-term bearish bias. The MACD further supports this view, showing deepening negative values and a widening histogram, which points to increasing selling pressure.
Key support levels are identified at $227.0 and $225.9, where buyers may step in to stabilize prices. However, critical resistance levels at $231.76 and $233.71 highlight the need for a significant reversal to reclaim these areas. The RSI is hovering near oversold conditions, hinting at a potential temporary bounce, yet the overall momentum remains bearish.
For short sellers, favorable entry points may be found around $231.76, with $233.71 serving as a stop-loss level. On the other hand, long trades should only be considered upon a confirmed breakout above $233.71, with a target of $238.28 for potential profit.
Long trade
4Hr TF Overview
Buyside trade idea
Sun 1st December 24
Pair SOLUSDT
7.00 am
LND Session AM
Entry & Structure 4Hr TF
Entry 237.235
Profit level 244.357 (3.00%)
Stop level 235.371 (0.79%)
RR 3.82
Reason: Based on the narrative of supply and demand price action on the 4Hr TF seems indicative of a buyside trade at this time.
Solana chart looks bearish#solana #sol price has formed bearish head & shoulders and CRYPTOCAP:SOL price has stepped into distribution phase. A heavy correction is at the door. Invalidation is a quick new ATH. Not financial advice.
Solana StatusOn the daily chart Solana broke it's third try of his resistance level. It got 2 times declined with a 30-40% dip. Currently it broke the zone but if goes to retest that zone and it declines, we also can expect a 30-40% dip to about 130-140$. If it finds enough support Solana won't have brakes to boom to the next high and last but not least it's ATH at 258$
#SOL 4H: EXPECTING A LOCAL CORRECTION. 12/01/24Currently, the price is moving sideways and remains under a descending trendline that acts as resistance. If this trend persists, I anticipate a slight breakout upward followed by a correction to the $222-$218 range. This area could be ideal for considering a futures position or cautious spot accumulation, with near-term targets of $260-$290.
#SOL is definitely a must-have in your portfolio. My minimum expectations for #SOL are $300-$400. Everything is illustrated on the chart.
DYOR.
