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SOLUST trade ideas

SOLThe news that FTX will start paying its creditors next month could have several potential impacts on Solana (SOL), given the historical ties between FTX, Alameda Research, and Solana. Here's how this development might affect Solana: 1. Potential Selling Pressure on SOL • FTX and Alameda Research were major holders of Solana (SOL) tokens. As part of the bankruptcy proceedings, these assets may be liquidated to repay creditors. • If a significant amount of SOL is sold on the market, it could lead to increased selling pressure, potentially driving the price of SOL down in the short term. 2. Market Sentiment and Uncertainty • The repayment process could create uncertainty in the market, especially if creditors choose to sell their received SOL tokens immediately. • Negative sentiment around the FTX bankruptcy and its association with Solana could temporarily weigh on SOL's price and investor confidence. 3. Long-Term Impact on Solana's Ecosystem • If the selling pressure is absorbed by the market without significant price disruption, it could remove a major overhang for Solana, as the uncertainty around FTX's SOL holdings would be resolved. • Solana's ecosystem has shown resilience and growth despite the FTX collapse, with increasing developer activity, user adoption, and decentralized application (dApp) usage. This could help mitigate any negative impact. 4. Creditor Behavior • The impact on SOL will depend on how creditors handle the tokens they receive. If creditors hold onto their SOL, the selling pressure could be minimal. • Conversely, if creditors sell their SOL tokens en masse, it could lead to a temporary price drop. 5. Broader Market Conditions • The overall cryptocurrency market sentiment and macroeconomic conditions will also play a role in determining SOL's price movement. If the market is bullish, the impact of FTX-related selling could be less severe. 6. Solana's Fundamentals • Solana's long-term price trajectory will depend more on its underlying technology, adoption, and ecosystem growth rather than short-term selling pressure from FTX creditors. • Recent developments, such as the growth of Solana-based projects (e.g., DeFi, NFTs, and meme coins), could help offset any negative impact.
Short
by DakuNit
SOL (Solana) my notes for long-termThe price is having difficulty making new highs, and the RSI confirms this. $170 is the most important support; if this is lost, the $130-155 range can be tested. Below, $110 and $80 are important supports. Positive scenario; if the price gets continuous support from $170, new ATH attempts may come. (260 - 415 - 510 - 670 dollars) Negative scenario: If $170 is lost, the price will search for the supports I mentioned below for a long time and consolidate between these supports. It could be a sideways market or a downtrend. These are the situations I am currently watching and expecting. This is not investment advice.
by murat355555
Solana’s Turning Point – Bearish Target Hit, But Is the Bull RunNow that we’ve reached our bearish target, I’m not flipping to full-on giga bull mode just yet—the big green level still needs to be taken out before that happens. Here’s my take: I want to see the brown structure play out first. We’ve already seen some minor reaction inside our turning area, but let’s be real—the move so far has been weak and underwhelming. That’s not enough to convince me. My plan? Wait for a defining structure break. A new lower low—marked by the blue arrow—would be the confirmation I’m looking for. Once that happens, we’ll reassess and see what the market has in store next. Watch, wait, win.
Long
by xSamu_TA
Solana-ETF Hopes and Price OutlookVanEck's Matthew Sigel and Patrick Bush recently shared their Solana price prediction on X (formerly known as Twitter). I will copy their text for you here. VanEck Our Solana Price Target by the End of 2025 is $520 We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation with crypto market capitalization. We project M2 to reach $22.3T by the end of 2025, maintaining its 3.2% annualized growth rate since its last trough in October 2023. Using regression analysis, we estimate total SCP market capitalization will grow 43% to $1.1T by year-end 2025 (vs. $770B today), surpassing its 2021 peak of $989B. Historical data shows a strong correlation between M2 and SCP market cap, with a 12-month moving average R² of 0.36 and a t-statistic of 5.7 (p < 0.0001). Currently, Solana holds 15% of SCP market cap, but we forecast its share to rise to 22% by EOY 2025. This projection is supported by Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users. Using an autoregressive (AR) forecast model, we estimate Solana’s market cap will reach ~$250B, implying a SOL price of $520 based on ~486M floating tokens. The $520 price target is unlikely to be achievable without the approval of a Solana-based spot ETF in the U.S. Therefore, we should assess the likelihood of such approval and when it might occur. ETF Approval Date Currently, there is some misleading information circulating on social media claiming that BlackRock CEO Larry Fink stated that the SEC will approve a spot ETF in the U.S. as early as February 2025. In reality, Larry Fink never made such a statement. The creators of these fake screenshots likely used Photoshop to fabricate them. According to official information, the SEC is expected to make a decision on the Solana-based ETF between October 2 and October 18. Now that the timeline is clear, let's discuss the odds. ETF Approval Odds Bloomberg analysts James Seyffart and Eric Balchunas have estimated the likelihood of approval for various cryptocurrency ETFs in 2025. Data from their table indicates that they estimate a 70% chance of a Solana ETF being approved in 2025. We can gauge market expectations using the Polymarket platform. Currently, there are two betting options available. Only 36% of participants are betting that SEC approval will be granted in the first half of 2025. Meanwhile, 84% of participants are betting on SEC approval occurring at some point in 2025. Based on this data, it is more likely that approval will be granted, but only in the second half of 2025. Technical Analysis On the chart, we can clearly see the channel within which the price has been moving for several months. At the moment, the market is bearish in the short term. For this reason, it is highly likely that the price will approach the lower boundary of this channel in the coming months. This roughly corresponds to a price of $170. Buying at $170 or even lower would be an excellent opportunity to open a long position. However, for the trade to be successful, the price needs to remain above the lower boundary of the channel.
Long
by robofi
Comprehensive Technical Analysis of SOLANASolana has emerged as one of the digital currencies that attract traders’ attention due to its high price volatility and advanced technical capabilities. In this article, we will present a technical analysis of the SOLUSDT.P pair, relying on a variety of technical tools and indicators to provide a comprehensive outlook on the potential trends and short-term price movements. 1. Market Overview Solana has experienced both upward and downward movements over the recent period, oscillating between critical support and resistance levels. Its price movement is affected by several factors, including: Price Volatility: Given the nature of the cryptocurrency market, volatility is an inherent part of the price action, requiring close monitoring of key technical levels. Economic Factors and News: In addition to technical analysis, news related to technological developments and institutional endorsements can play a significant role in determining market direction. 2. Support and Resistance Levels Identifying support and resistance levels is a crucial step in understanding market dynamics: Support Levels: Some technical readings indicate the presence of strong support in the lower price area, with potential support levels ranging around $150-$155. Maintaining this level is important for traders, as a break below could lead to deeper corrections. Resistance Levels: On the upside, the asset faces major resistance typically located between $250 to $300. A breakthrough above these levels may signal the continuation of bullish momentum. Conversely, failure to break through may prompt traders to anticipate potential trend reversals. 3. Technical Indicators and Tools A. Moving Averages Moving averages are useful tools for determining the overall price trend: Moving Average Crossovers: The crossover between shorter-term moving averages (such as the EMA25) and longer-term ones (such as the EMA99) signals potential changes in direction. A shorter-term average crossing above a longer-term average is considered positive, while the opposite may indicate weakening momentum. B. Relative Strength Index (RSI) The RSI is used to measure overbought or oversold conditions: RSI Readings: An RSI reading near 70 indicates overbought conditions, while a reading below 30 suggests oversold conditions. Monitoring the RSI helps in assessing the strength of the current momentum. C. MACD (Moving Average Convergence Divergence) The MACD analyzes momentum and identifies potential turning points in the market: MACD Crossovers: Crossovers between the MACD line and the signal line are indicators that often precede potential trend reversals, whether bullish or bearish. 4. Chart Patterns and Price Formations The SOLUSDT.P chart exhibits several technical patterns that may reveal market tendencies: Cup and Handle Pattern: In certain time frames, a “cup and handle” pattern can emerge—a classic bullish formation. If this pattern meets all its criteria, it may indicate a continuation of the upward trend following a period of consolidation. Other Reversal Patterns: Patterns such as the “head and shoulders” or descending channels should be monitored, as they can indicate a possible reversal toward a downtrend if momentum weakens. 5. Potential Scenarios Bullish Continuation Scenario: Support and Breakout: If the price maintains its key support levels (around $150-$155) and manages to break through the upper resistance levels (between $250-$300), bullish momentum may resume. Positive Indicators: The appearance of positive moving average crossovers along with neutral to overbought RSI readings can support this bullish scenario. Bearish Reversal Scenario: Break of Support: Should the price break below its primary support level, the market could enter a deeper downtrend. Negative Indicators: The emergence of bearish moving average crossovers and low RSI readings may indicate weakening bullish momentum, increasing the likelihood of a more significant correction. 6. Risk Management and Investor Tips Traders should consider the following points: Use of Stop-Loss Orders: Setting stop-loss levels is crucial for limiting risk, particularly in highly volatile markets. Portfolio Diversification: It is advisable not to rely on a single asset but to diversify investments to mitigate risk. Staying Updated with News: Keeping track of technological developments and economic news is essential, as these factors can directly impact price movements. Conclusion The analysis of SOLUSDT.P shows that the asset is oscillating between critical support and resistance levels, with the potential for continued bullish momentum if resistance is broken, or a reversal toward a downtrend if support is breached. The future direction of the asset depends on several technical and market factors, necessitating close monitoring of daily changes and the use of diverse technical indicators to make informed trading decisions.
Short
by luta_ksa
The key is whether the price can be maintained above 202.45 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (SOLUSDT 1M chart) In order to turn into a downtrend, it is expected to start by falling below 147.74. Since the BW(100) indicator was formed at 231.77, the point to watch is whether it can rise above this point. - (1W chart) The key is whether it can receive support near 202.45. - (1D chart) The key is whether it can receive support near 194.46, the HA-Low indicator point, and rise above 202.45. - The charts that do not display support and resistance points and the charts that do are displayed are displayed separately for each time frame chart. The basic chart for trading is the 1D chart. Therefore, if you want to trade by looking at charts below 1D charts, it is recommended to mark at least the support and resistance points of the 1D chart. As traders, the reason we analyze charts is to trade. Therefore, chart analysis is to select key support and resistance points. Therefore, you must select key support and resistance points in any way. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, it is expected that the upward trend will continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
SOLUSDT Wave Count Analysis!📉 SOL has broken out of the falling wedge and is now in a clear Elliott Wave structure! 🔹 Wave 1 & 2 completed with a strong breakout. 🔹 Wave 3 reached its peak around $207.62. 🔹 Currently in Wave 4 correction, possibly finding support near the trendline. 🔹 Expecting a Wave 5 push towards $218.35! 📈🔥 💡 If price holds the support zone, this could be a high-probability long setup! 📊 Stay patient, wait for confirmations, and trade smart! 🔔 What’s your target for SOL? Comment below! 👇🚀 #SOL #CryptoTrading #ElliottWave #PriceAction #SOLUSDT
Long
by RajaSaien
SOL/USDT 1H: Bullish Bias – Accumulation & Hidden Divergence?SOL/USDT 1H: Analysis Current Market Structure: Price: $200.30, currently in the equilibrium zone. RSI: 50.70 (neutral), but note the hidden bullish divergence when compared to price action. Structure: Bullish bias with higher lows forming, supporting an upward trajectory. Trade Setup: Position: Long Entry Zone: $198 - $200 (after a retest of the current equilibrium zone with a bullish order block formation). Targets: T1: $207.50 T2: $215 Stop Loss: $195 (placed below the recent swing low). Risk Score: 7/10 Rationale: Favorable risk-to-reward ratio, but precision on the retest is key. Smart Money Analysis: Accumulation: Visible in the $190 - 195 zone. Premium Zone: Established at $220, suggesting a target for market makers. Market Maker Behavior: Likely to trigger stops below $195 before propelling the price upward. Volume Profile: Supports the continuation of bullish momentum. Key Recommendation: Action: Wait for a retest of the $198 - $200 zone accompanied by a bullish order block formation before entering a long position. Caution: Avoid shorts given the overall bullish market structure.
Long
by Cryptokijker
SOL 4 hr breakout coming 2 Patterns ConvergeLook at my busy chart, been keeping it all for the run... But SOL on 4hr is ready to breakout. may be a retest to 198.5 but both a falling wedge pattern with the red arrow and the measured move from the W pattern both break north somewhat like the Lark lines in yellow, to 216 not much in the way to 230, may snap north Stop loss below the base of the W Download the chart if you want and look at the greater trend lines on the 3-5 day time frames
Long
by Chefrusty
Solana (SOL): Possible Downward Correction Coming / CME FillSolana has done a proper bounce thanks to a few memcoins that have pushed the Solana blockchain in volume, which again resulted in that huge CME gap on the coin. We are looking for the CME gap to be filled fully where most of it has been filled, + upon filling it, we will re-test the broken zone (which, upon re-testing successfully, will become a strong support zone). So $220 is our target for now here! Swallow Team
Short
by SwallowAcademy
SOLUSDT Analysis – Potential Bullish Reversal📉 Current Market Structure: SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout. 📈 Bullish Scenario: A breakout above the descending trendline could indicate a trend reversal. If SOL maintains support and breaks above this level, the next key resistance zones to watch are around $295.90 and $332.53. The red arrow suggests a potential upward move if buyers step in. ⚠️ Key Levels to Watch: ✅ Support Zone: ~$190 - $200 ✅ Breakout Confirmation Above: ~$210 ✅ First Major Resistance: ~$295 ✅ Final Target: ~$330+ 🔎 Conclusion: If SOL successfully breaks above the trendline with strong volume, we might see a bullish move toward the next resistance levels. However, if the support zone fails, further downside may be expected. Keep an eye on price action and confirmation signals before entering a trade! 💬 What are your thoughts on SOL's next move? Drop a comment below! 👇
Long
by Tradeaione
Solana might just crashThe pattern is clear. There was a deceptive breakout to $295, but it failed to hold support. So the price reached the top of the pattern. It's simple: now we have to wait for the price to reach the support line, which could be $80. Then, Solana will have to break $146. If it does, there might still be a chance for a bullish breakout from the pattern. But if it fails, it could lead to a bearish breakout, meaning a crash to $40-30 support range since there are no other supports if $80 is lost. So basically, the chart is looking grim. As the last hope for a bullish move, Solana must reclaim and break the $205-210 level.
by MISANTHROPE3
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