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SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries. I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high. Trade Plan: EP (Entry Point): $202 - $196 TP (Take Profit): $240 - $260 SL (Stop Loss): $184 - $182 Personal Approach: I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this! What you should do is entirely up to you. DYOR.
Long
by trendbooster
#SOL: Powering High-Speed Blockchain InnovationDescription: This trading idea focuses on SOL, the native token of the Solana blockchain, renowned for its high-speed and low-cost transactions. SOL powers a next-generation blockchain designed to scale decentralized applications (dApps) with unmatched efficiency, processing thousands of transactions per second. Solana has gained substantial adoption across DeFi, NFTs, and gaming sectors, solidifying its position as a key player in the crypto ecosystem. Its ability to deliver performance, scalability, and low fees makes it attractive for developers and users alike, driving long-term growth potential. However, investors should be cautious, as the cryptocurrency market is highly volatile and influenced by macroeconomic trends, regulatory developments, and technological changes. While Solana shows strong fundamentals, trading SOL requires a well-considered strategy and risk management. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like SOL carries significant risk, including the possibility of losing your entire investment. Always perform your own research, evaluate your financial situation, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
SOL/USDT Trade Setup: Awaiting Resistance Breakout Confirmation""Currently observing SOL/USDT on the 4-hour chart. The price is testing the resistance zone around $231.45. I am waiting for a clear breakout above this resistance level with strong volume confirmation before entering a long position. My target would be the next resistance area around $262.69, with a stop-loss placed near $214.06 to manage risk. If the breakout fails and price gets rejected, I will re-evaluate the trade setup and wait for a better opportunity."
Long
by sinaaf
SOL EYES $300 SELLERS CAN'T BITE SOL WHO WANTS TO BITE TE CHERRYTLDR Note Skip down to the word “Disclaimer” if you'd like to start with the TA commentary first. PSA for My Beloved TradingView Family: Plan Your Trades… Before You Make Your Trades I know it sounds cliché. It sounds elementary. And you might as well say it because you’re thinking it: “Damn, he's right.” Look, I get it. Do you think it’s easy walking around this small Midwestern town with my massive head blocking the sunrays for everyone within a five-mile radius? No. It’s frickin' hard. But someone has to do it — and they gave me the only hat in town that’s ever fit me in my decades of existence. So here we are. Play the cards as they lie, right? Shoutout to a TradingView Legend: LuxAlgo On a more serious note, let’s take a moment to thank a truly special member of our community: LuxAlgo. Without further ado… give a round of applause to this legend for his Liquidity Pools indicator. This guy has more hits with Pine Script execution than Michael Jackson had top-ten bangers in his career. Check out his work here: • LuxAlgo TView • LuxAlgo Website LuxAlgo isn’t just prolific — he’s good. He creates indicators, strategies, and ideas like he’s on a countdown to getting locked up for it. He explains things so clearly that even if I hadn’t used one of his indicators, I’d still hold him in high regard. Let’s give each other the flowers we deserve. Who knows, you could be next. Disclaimer: Quoting LuxAlgo and adding my commentary on Solana vs. the seller's liquidity pool. Technical Analysis: Solana & Liquidity Pools LuxAlgo describes the Liquidity Pools indicator as follows: "The Liquidity Pools indicator identifies and displays estimated liquidity pools on the chart by analyzing high and low wicked price areas, along with the amount and frequency of visits to each zone." Key Observations: • Since November 5th, SOL has seen major support at $200. This level is evident on the charts, no further explanation needed — but feel free to ask if you’re curious. • The $300 level acted as significant resistance/support (I forgot to paint them red, but it worked out). By the 16th, SOL moved into the $250 zone. No Fibonacci here — just good old-fashioned price action analysis, clocking in around 150 hours of watching the charts. Why Liquidity Pools Matter: As LuxAlgo puts it: "Liquidity Pools are areas where smaller participants are likely to place stop-limit orders. These zones attract institutional traders who use the pending orders as liquidity to enter larger positions." Translation: Stop-hunting Zones. Understanding this gives you an edge. The more we recognize these practices, the less vulnerable we become. Support and Resistance Zones for SOL: 1. $200: Strong support — SOL hasn't needed to re-test this level yet. 2. $220-$230: Good support until 11/26. 3. $240-$250: Key levels where SOL cleaned each major price level on the first attempt. How LuxAlgo’s Indicator Works "The Liquidity Pools indicator revolves around three parameters" - Lux 1. Zone Contact Amount: ○ Defines how many times a zone must interact with the price to be marked as a liquidity pool. 2. Bars Required Between Each Contact: ○ Adds a buffer (e.g., 2 bars) to avoid consecutive candles skewing the results. 3. Confirmation Bars: ○ Waits a specified number of bars after the zone meets the criteria to confirm its validity. In layman’s terms: SOL established a new range when it broke out past $220-$225, forming a new floor and ceiling structure. Conclusion Throughout this analysis, I’ve likened price action to a fight. Because, in essence, that’s what it is — a battle between buyers and sellers. Armed with tools like LuxAlgo’s Liquidity Pools indicator and war chests more. You can step into the ring prepared, aware, and ready to fight smarter. Let me know what you think or if you'd like any further edits! @CryptoSlayerFX - X @Dodgelon_Musk - Tele
Long
by CryptoSlayerFX
Bull-flag_pattern_2nd-confluence_to_340So the last deep retracement to 202.78, was inside the Golden zone on the H4 timeframe this was of sorts also the confirmation of the lower end of the bull flag, as the H4 candle body closed inside the channel border. this was a text book bounce from inside the golden-zone (50-61fib), and if one fib's the zone, the wick, was a perfect rejection off the 61fib lastly, the channel seems true, as the 13th Dec wick, was again a perfect rejection off the channel ADR (middle line)
Long
by CryptAlo
Solana Price OutlookAccording to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06. This analysis is based on two points: Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards. Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside. Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
Short
by arongroups
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving. Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298. However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165. When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
by cryptodailyuk
SOL/USDT Analysis: Descending Channel Meets Critical Supply ZoneHey fellow traders! Let's dive into this fascinating SOL/USDT hourly chart that's showing some really interesting technical patterns. First, what immediately catches my eye is the descending channel (those yellow parallel lines) that's been guiding price action. The text on the chart points out "Multiple Touches Confirming the trend" - and they're absolutely right. We've seen several clean touches on both the upper and lower boundaries, which gives this channel formation strong credibility. The current price is sitting at 228.17 USDT, and we're seeing a -1.40% decline. What's particularly interesting is how we're interacting with what the chart labels as a "Strong Supply Zone From Daily Timeframe." This isn't just any supply zone - it's coming from a higher timeframe, which typically carries more weight in technical analysis. Looking at the moving averages, we've got both a blue MA (likely the 200-period) and a red MA creating a bearish cross. This adds another layer of confirmation to the current downward pressure. For the short term, we're at a crucial decision point. The price has just bounced off the supply zone (marked by that last circle), showing sellers are still active in this region. That green arrow suggesting potential movement? It's pointing to possible upcoming price action, but remember - these are projections, not guarantees. Medium-term outlook shows we're still firmly within that descending channel, and until we see a convincing break above it, the path of least resistance remains downward. Those multiple touches mentioned in the chart have validated this bearish structure. Long term? See that purple marker near the bottom? That could be our next major support level if the current structure continues to play out. However, smart traders should watch for any signs of channel breakout, as these patterns don't last forever. What makes this setup particularly tricky is the confluence of multiple technical factors - the descending channel, the daily supply zone, and the MA crossover. This is exactly the kind of situation where proper risk management becomes crucial. Remember folks - while the technical setup looks bearish, Solana is known for its volatility. Keep your stops tight and never risk more than you can afford to lose. Anyone else seeing other interesting patterns here? I'd love to hear your thoughts!
Short
by TheCryptoFork
Solana Long-Term: Defining Support Levels & 2025 TargetsYour life can be simplified a-hundred fold just by defining resistance and support. You can look at a chart and say, "Oh boy, it is impossible to predict, anything goes!" Or you can look at a chart and say, this is the resistance and this is support. ➢ Above $170 Solana is long-term bullish. ➢ Above $210 Solana is hyper-bullish. If it moves below these levels, we can say the bullish structure weakens, it has been compromised and prices can move lower. As SOLUSDT (Solana) trades above $210, we are hyper-bullish and we can expect more, long-term growth. That's how easy charting can be when you define resistance and support. ➖ SOLUSDT (Solana) Technical Analysis After hitting a new All-Time High SOLUSDT went into a retrace. This happened this same week. This same week is the third week of bearish action. Support was found this week on a wick right above $210. The current candle (week) produced a lower wick and is now back up. We have a drop bigger than 22% and the 0.382 Fib. retracement being tested, standard and valid for a retrace on a bullish wave. This is big enough, long-enough; after the retrace is over what follows is the resumption of the bullish wave. The levels defined on the chart can also work as signals. Look at the structure and how perfectly balanced everything looks. The main support is blue. The March 2024 high is also $210. So this level being tested and holding gives further strength to the bullish case —the resumption of the bullish trend. The rest of the market is growing. Many of the big projects are moving forward. Solana can do the same. There can be some consolidation because this pair is already strong enough. Consolidation can be counted as the three weeks when prices stopped growing and maybe 1 or 2 more before the next impulse, this is random and only insiders know. The chart is bullish and says up. It is bullish because support was found at the last high which matches the Fib. extension numbers and moving averages as well. As long as SOLUSDT trades above $210, we are hyper-bullish, this has already been said. Do you agree? If yes, what about the next target? How far up can Crypto go? Where is Solana going in the next month, next week, next year? Long-term growth! The next major resistance level is $400. This is the Fibonacci golden ratio as well as a psychological level because it is a rounded number. Four is also related to stability, the base. It is the number most used for building structures; four corners... But this is not the end. If retraces and corrections are really small it means people are not ready to fold. If people are not selling it means the market is strong. If the market is strong it means there is room for growth. Strong growth must go beyond anything standard. $400 is standard. $400 is strong but it is not extra-ordinary, we want more. The next target is $500 after $400 and this is followed by $640, rounded up. Here we have to stop... This is a main resistance level but, Solana is growing with many great projects, it is doing great just like Bitcoin and the rest of the Altcoins. It is one of the strongest pairs and we are still in 2024. If dynamics are so good and sentiment is so great right now, let's go beyond $1,000 in 2025. What do you think? The chart says $638 with a maximum of $870 for a standard bull-market, but there is nothing standard with everything that has been going on in the global stage. There is nothing standard about money evolving, and there is nothing standard about Bitcoin trading above 100K. All this is extra-ordinary. Solana above $1,000 is extra-ordainary and that's exactly what we expect. We want it higher. It can go higher and higher it will go... How do you think the price of Solana will be affected when the Spot ETFs go live all across the world? Hope for the best, prepare for the best and we will have the best possible outcome in the years to come. Cryptocurrency is a new form of money. Cryptocurrency is innovation, technology, freedom and privacy all-in-one. It is the perfect technology for a societies like ours. See you at the top. While many pairs are already moving, this is not the end. The bull-market will last an entire year starting November 2024, we have a little more than 10 months left. Wake up, stand up, look up and be strong. The best is yet to come. This is not financial advice. I am just sharing my heart, my feelings, my views, my experience and my Soul. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
1
SOL: Massive Bull Flag Formed! Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $240 and take profits at the levels shown in the chart. Targets: 1. $245 2. $251 3. $260 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
15
Solana (SOL): Possible Upwards Momentum To Happen!!!Solana is in an interesting spot where we are seeing some signs of bullish momentum to happen (where after each fakeout below 200EMA we had a decent amount of upward movement). Now, in order for that move to happen, we need to fully secure our buying entry zone, which would then result in the bullish move. Now as we fad formed the fakeout, we see currently some weakness to kick in near the zone of pressure, which might lead price back below the 200EMA (resulting in a break of structure and possible further movement to lower zones from there), so as always, we wait! Swallow Team
Long
by SwallowAcademy