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SOL

The Crypto Bull Run has Begun: SOL to 20xLONG TERM CRYPTO VIEW The crypto bull run has begun and with the BTC halving coming in 2024, it's just a matter of time before BTC hits new highs and altcoins follow. BTC is, of course, the bellwether of the crypto market but it is not my biggest position. I am heavily weighted to Solana as I believe it will act how Ethereum did in the previous 2021 peak cycle. Solana is a similar "platform-type" cryptocurrency like ETH that allows for applications to be built upon it, but the network is far superior. Transaction fees are lower, speed is higher, and I believe SOL has the scalability to compete with ETH in the long run. I am not suggesting SOL will overtake ETH's market cap any time soon because ETH will rise in a bull run too. ETH's market cap is about 10.6x that of SOL. If my predictions for the bull run peaks are accurate, this will decline to about 3.75x as SOL outperforms ETH by 3x in the coming cycle. The charts here are a logarithmic analysis and if I'm correct about Sol being the ETH of this cycle, we should see a $1200 peak, give or take. $600 minimum and up to $2500 wouldn't surprise me. Crypto can surpass even your wildest expectations. In the short term, I expect a BTC consolidation and maybe a local top when ETF approval hits. Best of luck out there.
INDEX:ETHUSDLong
by Sultan_of_Chart
Bitcoin Roadmap 2025It's been a while since I did a Bitcoin TA; I've been focusing on Chainlink mostly these days. Still, I spent the last few days going over everything to come to this conclusion as the most probable outcome next two years . There's a high chance we won't see an all-time high until late 2024. Like always, it's never easy to predict what Bitcoin is going to do next. You would think that this last cycle, we would have some sort of clear top and clear bottom so we could confidently calculate the next cycle top and bottom. But, in true Bitcoin fashion, we get a mixed bag. Last Cycle First time in history, Bitcoin had a double top for a cycle: - April 2021 - Psychological Top - November 2021 - Technical Top The entire market topped out in April 2021; a few coins came in with higher highs later that year. Something that is crystal clear is that Bitcoin took exactly the same amount of time to go from cycle low to cycle top (1064 days). It also took the same time to get from cycle low exactly 364 days; it was that easy, guys. So, this is where we arrive at the first cycle top date: October 2025. 1064 days from the cycle low in November 2022 would give you that date. The next date for a cycle top is August 2025, giving us the cycle top range from August to October 2025. A while back, I published a TA on Bitcoin's volume on a macro scale. I found very interesting patterns and dates looking into the volume. As you can see from this updated picture, every time Bitcoin has a bullish cross on volume, it takes 670 days to top. We just had the bullish cross in October this year, so 670 days from the cross would be August 2025. Whenever Bitcoin breaks the 1/2 Gann, it takes about 924 days till the top. This cycle, we broke the 1/2 Gann in March 2023, so 924 days from March 2023 puts you at September 2025.https://www.tradingview.com/x/Wp7wYyMP/ It takes about 1400 days from cycle top to top; 1400 days from the November 2021 top would be October 2025. This insanely powerful time sequence that predicted major Bitcoin events has failed this year for me for the first time; the next two dates are July 2024 and, you guessed it, September 2025. If you calculate the time when the Gaussian channel turns green to the cycle top and calculate the average, you get 750 days. July 23rd, 2023, we Gaussian turned green; 750 days from that date puts you in the last week of August 2025, basically September 2025. As you can see, the month September 2025 has a very high chance of being the month Bitcoin has its cycle high, and that would put Bitcoin, according to this model, at 175k. ### The 2024 Playbook The most likely scenario is one big flush out next year. The Satoshi roundtable most likely is just going to do the classic 50% pullback into the CME gap, right? Pre-Halving pullback is always deep and ranges from 40-50%! Well, why would they change their playbook? If it works every goddamn time, emotion gets the best of most of the traders and investors like every cycle. This is how I think it's going to play out. Bitcoin rallies to 0.5-0.618 Fib 40-48k till Mid-December to mid-January 2023 at 48k; Bitcoin ETF gets approved, BULLISH NEWS floods the news and internet. www.coindesk.com Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10." It is at this point where Bitcoin (40-48k) will reverse and go down to close the CME GAP at 20k and also creating the macro Bitcoin double bottom. It won't be easy to get Bitcoin down to that level, so "FLOOD BEARISH NEWS" is on the table. War, COVID, bank bankruptcies, new Bitcoin laws, new Bitcoin taxes - choose your weapon! When Bitcoin hits that 20k, that's when you load up! You might think there is no way it's that easy - a 50% pullback to the CME GAP. But tell me if it works every time, why change or stop doing it? The only comment I would like to make out of this CME gap is that it's the only time in history Bitcoin has closed and opened a gap in the same weekend. I could be wrong, but it seems to be so; if you do find another time, share it below. So there you have it; will it play out like this? Who knows. One thing for sure is this rally won't last very long now. Conclusion - Rally to 40-48k: December 2023 - January 2024 - ETF approval: January 2024 - Reversal to 20k CME GAP by Halving (April 2024) - Bull Market starts: September to November 2024 - Cycle Top: September 2025 to October 2025
BNC:BLXLong
by Sporia
3
SOL - 4H bearish in the trading rangeSOL Coin Analysis: We're seeing signs of a potential drop to the bottom of the trading range for Solana coin, leading to a consolidation zone. The upward price action is less convincing than the downward movements, and Solana coin has shown resistance zone reactions. Additionally, the RSI divergence in the 4-hour timeframe further indicates a likely fall in SOL's price. Therefore, we expect a descent to at least the lower boundary of the trading range.
Short
by Sober_Trading
1
SOL/USDT 1D ChartI invite you to review the SOL chart in the USDT pair, on a one-day time frame. Let's start by identifying the main downward trend line from which the price came out on top. Now, using the Fib Retracement tool, expanding the grid from the last price peak, we will determine resistance points and here we can see that the price has returned to the first significant resistance at $68, what's more, when we unfold the trend based fib extension grid, we will see that this level coincides with the level 2.618Fib which is also a very strong local resistance. Only after a positive test of the resistance will the path towards the $104 level open. Looking the other way, it is also worth defining supports that should hold the price when the correction begins. And here we can see the support zone from $54 to $45, then we can mark the second zone from $38 to $31, and then we can see the price return to the area of very strong support at the price of $21. Please look at the CHOP index, which indicates that there is a lot of energy for the move, the RSI indicator shows that very small price movements have returned the index to around the middle, which creates room for new increases, while the STOCH indicator is high, which may result in a small recovery.
by cryptodailyuk
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.
COINBASE:SOLUSDLong
by DEXWireNews
Potential Breakout for Solana with Favorable IndicatorsI wanted to bring your attention to an exciting opportunity in the cryptocurrency market, specifically regarding Solana (SOL). Based on recent market analysis, it appears that SOL is poised for a potential breakout. Several key indicators suggest a favorable outlook for SOL's price movement. Firstly, the Relative Strength Index (RSI) is currently in a neutral position, indicating that the cryptocurrency is not overbought or oversold. This suggests a balanced market sentiment and potential room for upward movement. Additionally, the Commodity Channel Index (CCI) is in the upper band, further reinforcing the positive outlook for SOL. This indicates that SOL's price is trending higher than the average price over a given period, signaling potential bullish momentum. Furthermore, the moving average combination displays a buy signal for SOL. This combination of moving averages is widely regarded as a reliable indicator for determining market trends. In this case, the moving average combination indicates a potential upward movement for SOL's price. Considering these indicators, it is reasonable to conclude that SOL is presenting a compelling opportunity for investors. The combination of a neutral RSI, CCI in the upper band, and a buy signal from the moving average combo suggests a potential breakout shortly. I wanted to share this information with you, as I believe it could be of interest to you and align with your investment strategy. However, I encourage you to conduct your research and consult with your financial advisor before making any investment decisions. Should you have any questions or require further information, please do not hesitate to comment away. I am here to assist you.
Long
by bryandowningqln
Key Levels at $50 and $40SOL's recent arrival at this supply zone suggests a potential downward trend. This is because supply zones often lead to selling pressure, causing prices to decrease. Notably, SOL's price previously interacted with this zone last week, resulting in a modest decline. This historical context is essential for understanding potential future movements. The first significant support level is identified at approximately $50. Support levels are price points where buying interest is sufficiently strong to counteract selling pressure. If SOL reaches this level, it may experience a rebound in price. A crucial point to watch is whether SOL closes below the $50 mark in the daily timeframe. Such a close could signal further declines. Should the price fall below $50, the next key area to observe is the demand zone around $40. Demand zones are where buying interest is typically strong enough to push prices back up. If Solana reaches this lower zone, it may trigger a positive price reaction. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
Sol SidewaysIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Sol Asylum update Been tracking pretty well. Sill in from 54.80 Taken some off here in case this is the sideways I have been watching. If BTC/ETH retrace here, this may follow. If the pump is real, this could go, I'm in. Planning ahead in case it retraces. All on how BTC acts from here though, im thinking.
Long
by CryptoKnee
Solana (SOL): Middle Line Of Bollinger Bands (DROP?)Solana Coin has been on our radar for some time now, so here is a quick update on the current situation: The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
Short
by SwallowAcademy
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.
COINBASE:SOLUSDLong
by henryartem
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders. Chart Analysis:- Solana continues to impress with its resilience. After a brief pullback from its resistance at $67, the price is back on an uptrend and booked a 6% increase compared to last week. This makes Solana the best performer on our list. Buyers defended the price well when it reached $50, and since then, they managed to push it to $60. Solana is well placed to move higher, challenge the current resistance, and even break it if the overall market remains bullish. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Brief Dip Before Continued GrowthSOL has shown impressive growth recently, breaking through earlier expected levels where people might sell (supply zones) on its daily price chart. However, it hit a point where selling pressure stopped its price from going higher. The key level to watch is around $40. If the price drops to this level, it might find enough buyers (support) to start increasing again. Even though Solana's price briefly stopped rising, it's still in a strong upward trend. This means that any small drop in price is likely just a short pause before it starts climbing again. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
SOL going for 80 first?The entire market is like ranged few days to cool down selling pressure and the feeling is that without serious retracement we could see another pump until BTC goes to 40K USDT and in this case, SOL goes to 80-83 USDT. As you can see RSI is not overbought anymore despite SOL didn't retrace much while OBV really didn't pull back. I personally don't like so much pumping but it happens during euphoric periods. On weekly timeframe last week suggested a retarcement was due (like for the rest of the market) but this week is shaping up like it was a rest week: The blue line would be a safe entry price if the retracement happens, the area below a very good entry price. Good luck P.S. all my TA recently has been aimed to "buy and hold" because we're passing from "disbelief" stage to "hope" and this might be the last occasion to buy at low prices even though the best prices are gone. I hope you people are already in, at least partially! I have accumulated various bags I was interested into.
Long
by Shotokhan