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SOL

#SOLIt is moving in an upward rally in the medium-term channel, which is completing wave 4 of the correction, which can continue wave 5 to at least 100% of the fibo of the wave before the correction. In case of a break, it has the ability to reach 1.618 waves, which is also indicated in the chart. In addition, wave one, which includes a complete cycle, this corrective wave of a higher degree can be completed in the PRZ or golden zone. In the end, in the event of a break, the golden range will continue to be corrected up to 23% of Fibo, which will become the range of $77 or the yellow bar.
by alikze
3
📈 Solana Shows Strength with 8% Weekly Gain Despite Correction!Solana (SOL) has exhibited notable strength in the cryptocurrency market, recording an 8% gain for the week. However, the cryptocurrency faced a correction after reaching a three-digit valuation. Here are the key details: Market Performance: Weekly Gain: SOL managed to secure an 8% gain over the course of the week, indicating ongoing strength in its market performance. Correction from Three-Digit Valuation: After reaching a valuation in the three-digit range, SOL experienced a correction. The psychological resistance posed by this level attracted profit-taking and selling pressure. Technical Outlook: Uptrend and Support Levels: As long as the uptrend remains intact, bulls maintain an advantage. SOL has established good support levels at $74 - $78, contributing to its overall bullish bias. Resistance Levels: Strong resistance is observed at $118 - $123, highlighting the price levels where sellers may be active. The ability of SOL to maintain its uptrend and hold above key support levels, particularly $100, will be crucial for sustaining a bullish bias.
Long
by Richtv_official
Is it time for short Solana(SOL)? Analysis of price momentumEach spike can target 102% to 132% if momentum is maintained. Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent. But we have another confirming factor which is the daily pivot supply area For this reason, it is possible to short solana with a loss limit above the daily supply area. Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Short
by Thisis_crypto
SOLUSDT.1DBased on the provided market data, the SOL currency currently has a price of $108.76 against USDT. Looking at the 4-hour timeframe, the Relative Strength Index (RSI) is at 50.16, which is neutral, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is 2.33, showing a bullish trend. The Bollinger Bands (BB) are at 122.78, suggesting that the market volatility is relatively high. The support levels are at $93.20, $72.67, and $61.69, while the resistance levels are at $127.91, $155.71, and $172.00. In the daily timeframe, the RSI is at 88.03, which is considered overbought and could indicate a potential price correction. The MACD is 13.27, which shows a strong bullish trend. The BB is at 126.20, indicating high market volatility. The support levels are at $84.26, $51.26, and $35.40, while the resistance levels are at $142.20, $205.00, and $254.00. On the 7-day timeframe, the RSI is at 155.00, which is extremely overbought and could suggest a significant price correction in the near future. The MACD is 17.78, showing a strong bullish trend. The BB is at 155.00, indicating high market volatility. The support levels are at $44.06, $21.26, and $17.71, while the resistance levels are at $145.00, $263.00, and $330.00. In conclusion, based on the above analysis, the SOL currency is showing strong bullish momentum in the short term. However, the high RSI values on the daily and 7-day timeframes suggest that the market is currently overbought, which could lead to a potential price correction. Therefore, it could be a good strategy to wait for a potential price dip before entering a long position. Please note that this is just an analysis based on the given data and not financial advice. Always do your own research and consider your financial situation before investing in cryptocurrencies.
by MarsSignals
Solana(Sol) Is The Maze Runner ?!?After the heavy fall that led to the sharp downward correction of Solana to the price range of 8 dollars, it seems that this currency faced a suitable demand and accumulation for growth, which led to its rise to the range of 30 dollars and now to the point of 21 dollars is fixed and fluctuating. Considering that there are 8 hours left until the closing of the weekly candle and 11 days until the closing of the monthly candle, if the price can stabilize itself above the $26 area, there is an amazing possibility that this currency will reach higher areas. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
3
SOLANA usdt - Weekly🔵 #SOL usdt ⏰ 1W 📅 Dec / 25 / 2023 ⚪ As you can see, Solana after it managed to stabilize above $30, it entered an uptrend. If it stabilizes above $144, the price can reach the orange box. Support levels are shown in the chart, if reversals the trend. ---------------------------------- 📛 Follow the market trend and decide to buy or sell. ⚠️ (This isn't a signal for buy or sell) ⚠️ .......................................... 👸 Analyzed by : Parisa_Alipoor ..........................................
by parisa_alipoor
Overbought ConditionsThe price of Solana has recently broken through the $95 resistance level and is now hovering around $115. The Relative Strength Index (RSI) is currently high at 82, which could signal a potential change or correction in the price soon. If the price begins to show signs of stabilization in this range, it suggests that Solana's price might maintain its current level or grow steadily. This analysis is for guidance only and shouldn't be taken as direct trading advice.
by MonoCoinSignal
SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
BINANCE:SOLUSDShort
by Bitgolder
11
🔥 SOLANA Ultimate Best Case Scenario For Next Bull-RunSOLANA has been on a massive run lately, which made me wonder how far this token can theoretically go? We can draw this perfect parallel channel on the chart by copying the bottom bear market support on top of the Q4 2022 tops, which fits perfectly! Assuming that SOL will go up towards the top resistance by 2025, we can aim at a value of >5,000$, an amazing 50x from this point. Sidenote: this would take the total marketcap to roughly 2.5T, which is around 60% larger than the total current marketcap of crypto. It's not a realistic expectation, hence it being the ultimate best case. For now, 145$ and 260$ are the main resistances to beat.
Long
by FieryTrading
32
SOL / USDT Price Analysis (4h)Hey there, fellow traders! Exciting news on the Solana – it just made a breakout from the $80 resistance level! 💜 If you appreciate our charts, support us with boost button 💜 Picture this: an ascending triangle is in play, suggesting some potential upward action. What does this mean? Well, it could set the stage for Solana to reach the $88 and $100 levels in the coming period. How awesome is that? Now, let's not get too carried away – always keep a careful eye on your trades. A savvy move would be to maintain a watchful stance and consider having a stop loss below the trending line. Why? Because that's just smart risk management in action. So, to sum it up: Solana's breaking barriers, an ascending triangle is pointing towards possible gains at $88 and $100, but stay cautious and don't forget that trusty stop loss below the trending line. Happy trading
CRYPTO:SOLUSDLong
by Vestinda
1
Solana - Continuation after Consolidation, Shorts get REKTTwitter Influenzas, NFT muppets and Macro labradors cheering how they sold the local TOP. unfollow anyone telling you it is over, we only getting started. people shorting in those conditions deserve to loose evrything. don't get shaken out from your beliefs and positions with conviction. avoid leverage. enjoy the ride. we had several days of consolidation after a massive run up from 17/18 USD. of course the coin has to take a breather. it does not mean it will dump. this consolidation and new support of around 50$ is very bullish. we now see the RSI and EMA cross over on the 16H and above 50. check-marks show you were we have been last time this happened. i believe many whales, influenzas and vc's are still not allocated enough to SOL and the wash out after FTX was actually a blessing for the ecosystem. many legit teams have built good apps and now start to launch tokens and bless their loyal followers with airdrops. a lot of apps and project are still not properly priced and many sideliners will just bid whatever they find. do your research but remain careful. profits should always be rolle dover to SOL and later i the cycle we buy BTC.
COINBASE:SOLUSDLong
by zymmetric
8