Big bullish flag for Solana!!Big bullish flag for Solana, it have never been more easy to make money! Currently holding 226 SOL staked at Coinbase with Coinbase One 5,68% YIELDLongby KetilJohan119
Solana (SOL) Price Tanks 7% Amid FTX Cold Wallet TransfersSolana's price, though correcting, remains above crucial support at $59. We anticipate a swift recovery, pushing SOL to surpass $70. Amidst a period of mild consolidation across the wider cryptocurrency market, Solana (SOL), a prominent competitor to Ethereum Layer-1, is undergoing a notable price correction today. As of the latest update, the Solana (SOL) price has experienced a 7% decline, currently trading at $60.32, with a market capitalization of $25.5 billion. Why Is Solana Price Down? Solana has witnessed a massive price rally over the past month and so, becoming the sixth-largest cryptocurrency by market cap. The recent SOL price drop also coincides with a massive transfer taking place through an FTX cold wallet. In a recent development reported by Lookonchain, an address closely associated with the FTX cold wallet, identified as 4Axqyo…HswTAh, unstaked a significant amount of 1.5 million SOL (equivalent to approximately $90 million) today at 7:55 UTC+8. The entirety of this unstaked amount was subsequently transferred to the address 3vxheE5…5mgkom. According to Lookonchain, there is speculation that the receiving address, 3vxheE5…5mgkom, may be linked to Coinbase’s internal address. As we know, crypto exchange FTX has been holding a massive amount of Solana before its bankruptcy filing last week. Now, the exchange has been liquidating its holdings in order to repay the creditors. However, this hasn’t deterred Solana investors from embarking on a bullish price rally. SOL Price Action and DeFi TVL In the latest market update, SOL is currently quoted at $60.10, registering a 6.87% decline in the past 24 hours. Despite this minor setback, SOL has demonstrated resilience over the week, marking a 12.23% increase, and an impressive 46.84% surge over the last 30 days. Recent market dynamics reveal an unsuccessful attempt by the SOL price to breach the $65.3 mark. Moreover, the asset has recently dipped below the critical support level of $62.5. Analysts suggest that a potential bullish scenario could materialize if the price successfully breaks above $63.4, paving the way for a retest of the $65.3 resistance level. In the event of a bullish breakthrough, market observers anticipate a potential ascent towards the $79.1 level. Conversely, a dip below the $59 level could signal a downward trajectory, potentially testing the support level at $56.4. Investors and analysts are closely monitoring these key levels for potential market shifts. Cryptocurrency analyst Ali Martinez warns of potential correction for Solana! TD Sequential signals sell on CRYPTOCAP:SOL weekly chart, and RSI is overbought. A profit-taking surge could lead to a retracement to $47.6. SOL needs a weekly close above $68.4 to counter the bearish outlook, targeting $108. Moreover, Solana, renowned for its exceptional throughput and scalability, is making waves in the decentralized finance (DeFi) realm. The recent surge in Total Value Locked (TVL) to an impressive $655 million showcases Solana’s growing influence and confidence within the DeFi sector. This milestone not only reflects numerical success but also highlights Solana’s emergence as a formidable player in decentralized finance. While DefiLlama’s October statistics placed Solana’s TVL at around $326 million, a recent update reveals a remarkable doubling to over $655 million, marking the highest TVL in over a year and signaling robust and sustained growth.Longby DEXWireNews6
SOLUSD-SELL strategy weekly chartSOLUSD has declined a bit respecting the GANN resistance @ 68.00 handle. Someone's comment today, leveraging extremely high, suggested the proposed SL @ 75.00 is too much. I agree with that person over leveraging that the stop is indeed to costly. Just to ensure proper understanding, and clarification, it is an individual choice to the leveraging approach, and further suggested stops of course paints a protective picture to remain in a position with the objective to make money. I personally do not leverage crypto beyond 1x due to its uncertain nature and heavy speculative movements, unlike the established asset classes. Stochastic is turning, and once it does, we will see much lower levels in the medium-term. Strategy SELL between $ 61-65.00 anf place stop loss now above 70.00. Profit order @ 45.00.Shortby peterbokma2
SOLUSD - In Sideway momentum I had putted a short order which successfully collected me $300 over the week end now I'm putting a buy limit on the given below market momentum over the first support zone and second support zone will be my stop loss. What do you think? Give your feed back in the comments. Thanks My Positions Buy Limit : 58.50 Stop Loss : 55.80 TP1 : 61.200 TP2 : 64Longby tayyabbarakzoi3
SOLUSD RANGE BOUND MOVEMENTSOLUSD range bound movement. Support and resistances are marked and Sell stop order placed with TP of 1:1Shortby ahmadmdogar0
SOLUSD-SELL weekly chartThis one looks great for medium-term SELL. We are very overbought, and near GANN resistance 68.00 handle. In general this RSI and also being above Kelnter, is something that should or could not last. Strategy SELL @ $ 62.00-66.00 and place SL above $ 75.00. Take profit @ 45.00 for now. Shortby peterbokma224
update on my analysis of $SOLso price broke the 62$ mark, that's absolutely fine moving on, price is at the 65$ mark area (a strong resistance level) and i am looking to see a proper reaction and signal for a downward movement. what do you think? which coin/token should i analyse next?by yehlayfx2
SOLUSD-Continuation of Bullish Trendit is in bullish trend printing HH and HL. After recent HH, the instrument is in retracement mode and near 50% of FIB retracement level. it is expected that it will be bounce back from 50% of FIB level and price will go up.Longby ALIHAMIDUpdated 2211
SOLUSDT- TRENDLINE - BULLISH MARKET SOLUSDT is now move in a bullish market so here you can now open long position Longby samiiqbal640513
SOLANA FOUNDER ANATOLY YAKOVENKO ADVOCATE FOR BLOCKCHAIN HARMONYSOLANA FOUNDER ANATOLY YAKOVENKO ADVOCATES FOR BLOCKCHAIN HARMONY, REJECTS “ETH KILLER” LABEL Solana founder Anatoly Yakovenko has publicly criticized the “ETH Killer” narrative, advocating against the idea of Solana and other emerging blockchain technologies being direct competitors to Ethereum. Yakovenko emphasizes the importance of collaboration and coexistence in the blockchain space, arguing that different platforms like Solana and Ethereum can thrive simultaneously without undermining each other. In a recent development that has caught the attention of the cryptocurrency community, Solana founder Anatoly Yakovenko has taken a firm stand against the divisive narrative that pits emerging blockchain protocols against Ethereum, often labeled as “ETH killers.” The term has been frequently used in the crypto space to describe newer blockchain technologies like Solana (SOL), which are seen as potential rivals to Ethereum (ETH). Yakovenko’s statements came through a post on the X app, where he addressed the public and the crypto community at large. He emphasized the detrimental effects of sparking a so-called cold war between Ethereum and other protocols. According to Yakovenko, such narratives do more harm than good, undermining the collective progress of the blockchain ecosystem.Longby henryartem2
Explosion incomingThe cross of candles, EMA and ichomoku will do something I hope! No action now....by BingerBonger114
analysis on $SOLi conducted this analysis on $solana few hours ago and price are already at important levels i am predicting price could take a little turn at 62$, but if price breaks that level, we await price reaction to the 65$ mark thoughts? by yehlayfx7
62 RESISTANCE BREAKED ON SOLANAJust see this beautifull chart where resistance is broke now!Longby BingerBonger7
Falling wedge, short term downtrendWe're now in a falling wedge. Dec 2 will start going up again, and who knows? Maybe we break that 62$ resistance this time! MACD 1-2-3-4h are showing to short or sell as well.Shortby BingerBongerUpdated 0
$SOL forming rope-a-dope patternThis classical pattern was first popularized by the late-great Mohamed Ali. A breakout above the marked high could provide the energy for another upward thrust. Longby PeterLBrandt3337
SOL.ETH (Y23.P4.E1).Bullish signsHi Traders, Looking at Sol versus ETH. I give reasons why SOL is a good option more so now against ETH. It seems the recording failed recording all of it. Apologies and I don't know why it did this. However the rest of the video, please refer to YT for the complete discussion. All the best, S.SAri0by ssariUpdated 2
#SOL to $90 inv Head and Shoulders #Solana and many other #Altcoins look primed I hope you are positioned for what is to come! Longby BallaJiUpdated 4426
Very short term ascending triangle, now we break that resist?1h chart showing a ascending triangle formation, let's hope we break resistance! Longby BingerBongerUpdated 2
SOLUSD Next Leg UpSolona been ripping, last ATH was around $250ish, retraced a little over 95% due to the retracement. Some considered it was a dead project as some of the FUD(SBF, Broken chain, VC etc...) and the retracement. However.... I don't think this mofo is done. The price movement has outcompeted all of the top 20 MRKTCAP. $70 is resistance and the new consolidation levels if broken, seems to want to reclaim that $250 mark sooner than later. The trend lines are point up, the FA is impenetrable at this point as alot of it is silence and a product just gets released. Risk is low given the potential upside....... $250 will be chump change if the price action continues. "Maybe this honey badger isn't my wife." -k3wLk47Longby kewlkat2
SOL 4H: Double Bottom formed and breaking out. * Double bottom breaking out * Potential next stop, ~$67Longby DefiBanked10
Is SOL Ready To Suprass $68?Sideways Movement: SOL maintains a sideways trend, staying above $50 in the daily chart, hinting at resistance. Bullish Flag Pattern: Anticipation of a bullish flag pattern indicates a potential upward move, targeting $68 and potentially leading to a bull run toward $75. Bearish Battle at $50: SOL manages to stay buoyant above $50, despite encountering support twice, reflecting a bearish struggle. Extremely Bullish Sentiment: Despite pressure between $51 and $68, SOL retains a highly bullish sentiment with over 200% growth in the last sixty days. Consolidation & Bullish Continuation: Ongoing consolidation after a significant bull run hints at a bullish continuation pattern, supported by buy signals in the short-term. Triangle Breakout Opportunity: SOL's breakout from a triangle pattern in the 4-hour chart suggests a short-term entry opportunity, facing a supply zone near $60. Current Price & Growth: SOL trades at $58.74, showing intraday growth of 0.88%, signaling potential for a breakout rally. RSI Projection: Daily RSI hints at a potential trend reversal, projecting a bullish trend after a gradual lateral shift in the declining trend.Longby Coinpedia-Market-Insight7
SOLANA: Price could attempt a rally here The price swiftly rebounded from the 54.50 level and is currently on an upward trajectory. If it successfully surpasses the 56.60-80 range and retraces to test the triangle, there is potential for a substantial rally, possibly reaching 59 or even 62. On the other hand, there is the possibility of the price staying confined within the triangle. In the event of a correction, it is advisable to await a favorable entry point in the 50-51 range. Longby RF_Trading8