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SOL

SOL: Resistance BreakoutSolana (SOL) technical analysis: Trade setup : Trends have inflected to an Uptrend. Following a bullish breakout from Falling Wedge pattern, price rallied over 100% to $47 resistance and broke through it on the 2nd attempt. Even though it is overbought (RSI > 80), it appears poised to continue its run in the near term and revisit $60 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $38 (previous resistance), then $25 – $30. The nearest Resistance Zone is $47 and $60.
Long
by altFINS
Solana SOL price can rise. Do you believe at miracle?)We are impressed by the Solana project, at least because of the way its creators, developers, and holders are fighting for its existence. The last year has been difficult: either the closest possible connection with FTX, or recently Sol was included in the list of "securities" from the SEC. There were also many minor breakdowns, such as the absence of a mined block in the south, etc. But the project survived, the price has remained at a good level, and technically, it doesn't look the worst for an altcoin. And now, perhaps, there is a light at the end of the black streak: there are rumors that $7 billion of FTX has been restored, and the exchange will be relaunched in the next six months. And Solana's developers say they will rewrite the blockchain so that the SEC has no complaints and the community votes in favor. Hmm, maybe another miracle will happen and the SOLUSDT price will shoot up?) There are a lot of liquidity zones above, so it will be difficult for buyers to push the price up, but the positive news background may help. We believe that the medium-term target for t he SOL price of $50 is more than fair, and we'll see what happens next. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
48
SOL Solana and the Altcoin Season Thesis The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including SOL Solana, for which my price target is $30.70. Looking forward to read your opinion about it!
Long
by TopgOptions
Solana Corrects into Consolidation – Proceed with CautionSolana (SOL) market has undergone a significant correction and is now consolidating. As a trader, it is crucial to approach this situation with caution and a comprehensive understanding of the current market dynamics. Solana, known for its impressive scalability and low transaction costs, has been one of the standout performers in the cryptocurrency space lately. While corrections can be unnerving, they often present opportunities for astute traders to enter or add to their positions at more favorable price levels. However, it is essential to exercise caution and conduct thorough analysis before making any trading decisions. Here are a few key points to consider: 1. Analyze the Technical Indicators: Take a closer look at the Solana price charts, paying attention to support and resistance levels, moving averages, and other relevant technical indicators. This analysis will help you identify potential entry or exit points and gauge the overall market sentiment. 2. Monitor Market Sentiment: Keep a close eye on the news, social media discussions, and expert opinions regarding Solana. Understanding the broader sentiment surrounding the project can provide valuable insights into its short-term and long-term prospects. 3. Diversify Your Portfolio: As a trader, it is always wise to diversify your portfolio to mitigate risk. While Solana has shown great potential, it is important not to allocate all your resources to a single asset. Consider diversifying your holdings across different cryptocurrencies or other investment avenues to safeguard against unexpected market movements. In light of the recent correction and consolidation in Solana's price, it is crucial to approach trading decisions with caution and a well-informed strategy. The cryptocurrency market is highly volatile, and it is essential to stay vigilant and adapt to changing market conditions. As always, I encourage you to conduct thorough research, consult with trusted sources, and utilize your own expertise before making any trading decisions. Remember, successful trading requires a combination of patience, discipline, and a deep understanding of market dynamics. P.S. If you have any questions or would like to discuss the current market situation further, please feel free to reach out by commenting below. Remember, cautious and well-informed trading decisions are key to navigating the cryptocurrency market successfully.
by bryandowningqln
2
SOL 🎵 That break would be like music to my earsHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Weekly: Left Chart 📊 SOL has been trading within a wide range between 10.0 and 50.0. Lately, after rejecting the 10.0 support, SOL has been bullish from a medium-term perspective. However, it is currently approaching the upper bound of the range – the 50.0 round number. 📈 For the bulls to take control from a long-term perspective and initiate the Markup phase, we need a weekly candle close above 50.0. In this scenario, a movement towards the next resistance at 130.0 would be anticipated. H4: Right Chart From a medium-term perspective, SOL appears bullish while trading inside the green rising broadening wedge, and we anticipate a movement towards the 50.0 level. 📉 Unless the last low in green is broken downward , in which case a bearish correction would begin. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
SOL 4h Elliott Wave count If 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 Update. W5 caught the pivot. 🧵 The Elliott wave prevented me from going ALL in, due to the possibility of a completed impulse... Pretty powerful stuff, when done right. Anyway, plan B if the pivot low breaks. Would like a triangle here, TBH. Looking for W4 comparable to W2
Long
by CryptoKnee
1
Solana's Unstoppable Rally even Raoul Pal is impressedSolana, the rising star of the crypto world, has been on an unstoppable rally, leaving even the legendary Raoul Pal in awe! Yes, you read that right - Solana's meteoric rise has caught the attention of none other than Raoul Pal himself. The renowned macro investor and crypto enthusiast recently expressed his admiration for Solana's potential and its impressive performance. Now, if that doesn't ignite a fire of excitement within you, I don't know what will! But let's dive deeper into the reasons behind Solana's incredible rally. It's not just hype; this blockchain platform has been gaining recognition for its lightning-fast transaction speeds, low fees, and scalability. Solana's unique architecture has positioned it as a serious contender in the race to become the go-to platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. So, what's the call-to-action, you ask? Well, my fellow traders, it's time to seize this golden opportunity and long Solana! With its impressive fundamentals, growing ecosystem, and now the endorsement of Raoul Pal, Solana is poised for even greater heights. Don't be left behind as this rocket ship takes off - now is the time to join the Solana community and ride the wave of success. Here are a few reasons why you should consider long positions on Solana: 1. Unparalleled Performance: Solana's blockchain technology boasts transaction speeds of up to 65,000 transactions per second, leaving its competitors in the dust. This scalability and efficiency make it an attractive choice for developers and investors alike. 2. Rising Adoption: Solana's ecosystem is expanding rapidly, with a multitude of exciting projects and dApps being built on its platform. From decentralized exchanges to gaming applications, Solana is becoming a hub for innovation and growth. 3. Raoul Pal's Stamp of Approval: When a seasoned investor like Raoul Pal expresses his admiration for a project, it's time to pay attention. His endorsement further solidifies Solana's potential for massive gains. So, my fellow traders, let's harness this excitement and embark on a Solana adventure together. Long positions on Solana could be your ticket to potential profits and a front-row seat to witness the rise of a true crypto superstar. Remember, as with any investment, it's crucial to conduct your own research and make informed decisions. But with Solana's impressive track record and the buzz surrounding it, now is the perfect time to dive in. Don't wait for the train to leave the station without you! Join the Solana community and let's ride this wave of success together. www.youtube.com
by bryandowningqln
(SOL) Solana's Market Performance and Analysis Solana (SOL) has a higher probability of a bearish price trend for the day, as indicated by the price change of -2.9% in the last 24 hours and the bearish signal from the MACD indicator. However, it is important to note that the accuracy of technical indicators is greatly improved if multiple indicators show the same signal. In terms of token market information, Solana is a highly functional open-source project that aims to provide decentralized finance (DeFi) solutions. The Solana protocol facilitates decentralized app (DApp) creation and aims to improve scalability through its hybrid consensus model. It enjoys interest from both small-time traders and institutional traders, with a focus on making decentralized finance accessible on a larger scale. The current price of Solana (SOL) is $40.241, with a 24-hour price change of -2.9%. The market cap is $17,218,888,918, and the token total supply is 505,940,199, with a circulation supply of 299,426,736.58. The trading volume in the last 24 hours is $288,506,124.03. Furthermore, the Bollinger Bands support price for Solana is $39.397 within the past 7 days and $39.62 within the past 30 days. On the other hand, the Bollinger Bands resistance price is mentioned as $41.772 within the past 7 days and $42.27 within the past 30 days. These levels can be considered as potential support and resistance levels for Solana's price movement. Lastly, the Market Sentiment Index is at 74, which falls within the "Extreme Greed" range. This indicates a high level of market sentiment leaning towards greed.
COINBASE:SOLUSDShort
by DEXWireNews
Solana Skyrockets 50% with Coinbase Users Fueling the Surge!Solana, the rising star of the crypto universe, has just experienced an astonishing 50% surge, driven primarily by the ever-growing number of Coinbase users embracing its potential. Coinbase, the renowned cryptocurrency exchange platform, has played a pivotal role in propelling Solana's meteoric rise. As Coinbase users flock to Solana, its value has skyrocketed, making it one of the most promising investment opportunities of recent times. This remarkable surge is a testament to the growing popularity and trust in Solana's innovative blockchain technology. Now, you might be wondering, "How can I join in on this exhilarating ride?" Well, my friends, I'm here to encourage you to consider seizing this golden opportunity and long Solana. With its recent surge and Coinbase's stamp of approval, Solana is poised to reach new heights, and you can be a part of this thrilling journey. Solana offers numerous advantages that make it an attractive investment option. Its lightning-fast transaction speeds, low fees, and scalability make it a force to be reckoned with in the crypto space. Furthermore, Solana's robust ecosystem continues to expand, attracting developers and investors alike. So, let's take a moment to celebrate this remarkable achievement and embrace the positive energy surrounding Solana. It's time to put on your trading hats and consider going long on Solana, riding this wave of success alongside countless other traders who are already reaping the rewards. Remember, the key to successful trading lies in staying informed and making well-informed decisions. Keep an eye on the latest news and updates about Solana, as well as the broader crypto market, to make the most of this thrilling opportunity.
by bryandowningqln
SOLUSDT.1DBased on the market data for the SOL/USDT pair, the following technical analysis can be made: In the 4-hour chart, the Relative Strength Index (RSI) is at 57.72, which is slightly above the midline, indicating a mild bullish momentum. The Moving Average Convergence Divergence (MACD) is at 1.01, suggesting a bullish trend. The Bollinger Bands (BB) indicator is at 43.37, which means the price is currently below the upper band, suggesting a potential pullback or sideways movement. The support levels are at 38.29, 30.06, and 29.30, while the resistance levels are at 47.09, 55.30, and 65.60. In the daily chart, the RSI is at 81.27, which is in the overbought territory, potentially indicating an upcoming price correction. The MACD is at 4.60, indicating a strong bullish trend. The BB is at 45.32, with the price currently above the middle band, suggesting a bullish market. The support levels are at 33.07, 25.59, and 18.0, while the resistance levels are at 47.9, 65.01, and 85.01. In the 7-day chart, the RSI is at 76.42, which is also in the overbought territory, indicating the possibility of a price correction. The MACD is at 2.26, suggesting a bullish trend. The BB is at 46.73, with the price currently above the middle band, suggesting a bullish market. The support levels are at 23.50, 13.07, and 8.30, while the resistance levels are at 49.15, 78.25, and 145.01. In conclusion, the market data suggests a strong bullish trend for SOL in the short term, but the relatively high RSI values in the daily and weekly charts suggest that the cryptocurrency could be overbought, and a price correction might be forthcoming. Please note that cryptocurrency investments carry significant risk, and this analysis should not be considered as financial advice. It's always recommended to do your own research and consider your financial position before investing in cryptocurrencies.
by MarsSignals
1
SOLANA Above Simple Moving Average 200 with $47 target As you may already know, SOL has been displaying impressive performance, surpassing its Simple Moving Average 200 – a crucial technical indicator for traders. Currently trading above this key level and with a resistance target set at $47, it's time to seize the moment and consider going long on Solana. Solana has been making waves in the crypto space, thanks to its unique features and robust underlying technology. With its ability to handle high transaction throughput at incredibly low fees, Solana stands out as a promising asset to invest in. The recent surge in SOL's price is a testament to the growing recognition of its potential within the market. This is where you come in! By capitalizing on Solana's upward momentum, you can position yourself for potential profits. While no investment is without risk, Solana's technical indications and positive market sentiment provide a compelling case for a long position. Don't miss out on this exciting opportunity to ride the wave alongside other enthusiastic traders. If you're ready to take action and embark on this adventure with Solana, now is the time to act. Set your target buy orders above $47 and stay updated on any relevant news that may impact SOL's price movement. Remember to implement proper risk management strategies and consult with your trusted financial advisor before making any investment decisions. Join the excitement and potential gains that Solana has to offer. Embrace this opportunity to dive into the world of cryptocurrency trading and be part of the success story that SOL is shaping.
Long
by bryandowningqln
2
🔥GMX: The Altcoin Which Will Impress You in 2024❗️GMX fell by -69% from it's local highs. The retailers are samshed and scared. It has $300M cap. This is still fresh altcoin which can grow by 10-20x even 50x. I have this altcoin in my portfolio and ready to hold it and get a profit on a bull market. 💥 Bullish BTC over $29,000 will turn the table and altcoins start to accelerate. Don't miss altseason this time! like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1