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SOLUST trade ideas

Is Solana Gearing Up for Another Rally?Since early October 2023, Solana has experienced an impressive 1,000% growth, reaching its peak on March 18, 2024. Following this significant rally, the price entered a corrective rectangle pattern, retracing 50% of the previous wave and preparing for the next upward move. After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel. Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel. If you found this (SOL) analysis helpful, let us know by hitting the like button! 💙 Where do you think Solana is headed next? 🚀 Drop your predictions and insights in the comments section below! 👇
Long
by Market-Analyzer
SOL Charging Ahead: Can It Smash Through $240 Resistance?BINANCE:SOLUSDT presents a bullish case, with prices edging closer to the resistance at 240.08. Additional resistances lie at 240.59 and 240.67, while supports are established at 239.51, 239.13, and 238.71. A breakout above 240.08 could attract new buyers, fueling a rally toward higher levels. The 9 EMA comfortably above the 20 EMA highlights strong short-term bullish momentum. The MACD histogram shows consistent positive values, further confirming buyer dominance. RSI values are in bullish territory but are not yet overbought, leaving room for further upside. Long traders might target entries near pullbacks to the 9 EMA, with exits at resistance levels. Short traders could aim for overbought conditions or failed resistance tests.
by StevenWalgenbach
SOL’s Dip = Your Opportunity?SOL/USDT has shown some bearish tendencies in recent days, but it’s essential to remember that markets can change rapidly, and this trend may not persist. The previous rallies may have seemed calm, but that doesn’t necessarily mean SOL will continue to move without surprises. Currently, there are two potential demand zones to watch for SOL. Identifying these zones early is crucial, as they can serve as strong entry points for those looking to capitalize on future movements. Much like the analysis of XRP/USDT( XRPUSDT.P: Entry Zones ) shared earlier, focusing on these key levels is more meaningful than analyzing after the rallies have already played out. There's little value in hindsight if we can’t use it to plan ahead. Let’s make the most of this opportunity and use these insights wisely. Remember, patience and preparation often yield the best results. Wishing everyone the best of luck and success in their trading journey! I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see. The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out! My Previous Hits 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum
Long
by XU99
XRP's monthly gains overcome all Solana's market capThe XRP price has added an impressive $128 billion to its market cap, surpassing the entire market cap of Solana price in just 30 days. This significant surge has been a major factor in shifting investor attention and capital from Solana to XRP.   Still, is it over for Solana? The rally has sparked bullish expectations, with analysts forecasting a potential price surge to $400 and $600 in the coming months. This continued rise could position Solana as one of the top-performing assets in the crypto market, further solidifying its place among major blockchain projects.  Despite the short-term bearish sentiment, , the Solana's price remains within a crucial range that traders closely monitor. The Relative Strength Index (RSI) for Solana price has recently dipped below the neutral 50 mark, suggesting a weakening in buying momentum. The moving average convergence divergence (MACD) indicator has decreased bullish momentum, reinforcing the expectation of potential price consolidation or further correction in the short term. In conclusion, while Solana’s recent breakout signals growth potential, XRP’s surge has overshadowed its market cap. With fluctuating momentum and mixed market sentiment, Solana’s future remains uncertain,
Long
by paul_endeo
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!
Long
by evasivesteering
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