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SOL

SOL- Death I've entered a short position on SOL at $180, with a long-term target of $100. This isn’t coming from a place of hate...I’ve been a large holder for years and was accumulating under $20. However, I’ve now fully exited my position. Beyond memes and rug pulls, I don’t see Solana offering real value to the space. The ecosystem is largely propped up by Star Atlas, and I believe people are starting to recognize this, leading many to shift back to ETH. This could trigger a near-term capitulation, so I’m hedging accordingly with a short. Not to mention, SOL/ETH also looks to have topped.
Short
by InvestorJordan
SOL/USDT 4H Chart ReviewHello everyone, let's look at the 4H SOL to USDT chart, in this situation we can see how the price has moved sideways from the downtrend line, while currently we see movement in the triangle marked with blue lines, in which we are also approaching the exit, and therefore the price should take the direction of movement. Let's start by defining the goals for the near future that the price must face: T1 = 206 USD T2 = 224 USD Т3 = 239 USD Т4 = 255 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 192 USD SL2 = 174 USD SL3 = 160 USD SL4 = 146 USD When we look at the RSI indicator, we can see how energy is approaching the lower limit of the range and here we can see that we often had descents significantly below the lower range, but we are approaching the zone where we could previously observe price rebounds.
by cryptodailyuk
1
SOL emerging head & shoulder providing opportunitiesBYBIT:SOLUSDT has an emerging H&S structure that is providing opportunities described below, which can be utilised based on risk appetite and preference for a swing trade or investment. Note: The overall chart structure at the moment is highly complex and pattern failure risks, such as that experienced with BYBIT:XRPUSDT remains very high. Scenario An H&S structure has emerged since 23 Dec 2024. Neckline support has been confirmed 3 times around: 11 Jan, 07 Feb and 12 Feb. The price is still close to the neckline providing opportunity for entry into trades and/or investment. DCA entry into a longer term investment - recommended approach Allocate a percentage of your portfolio's available fund to this as an asset to hold, decide upon how many months or weeks you would like to DCA into the total position (I recommend no less that 3 months and no more than 6) and begin DCA. This approach will safeguard against mistiming the start of the DCA now before the beginning of a bearish cycle, finally ending at an as yet unknown lower support level (of 4 potential candidate price levels stated further down the text below). The case for beginning the investment approach now The project remains solid and has established itself as a competitor to ETH. Furthermore, it is the layer 1 of choice for memecoins and has had more new projects use it that ETH recently. Additionally, overall positive market sentiment remains as do utterance (although no formal new policies of note) of the Trump administration and financial institutions towards crypto. Finally, the large gyrations in price recently are making it more difficult to judge appropriate SL levels thereby making trading of any kind less attractive at the moment. The case against beginning the investment approach now The future of the project, like most projects is still unknown (crypto is the most volatile and riskiest of assets for a reason!). Although the industry is maturing, it is possible a newer project can come and usurp the place of SOL. There are further support levels (130, 90, 55, 20) that can provide better DCA entry levels, and as market sentiment can change on an utterance of Musk or Trump, patience for a better entry point caused by further bearish moves might be wiser, particularly as on the weekly chart, SOL appears to be printing it's 2nd consecutive doji - implying market indecisiveness and no clear indication that the bulls are about to become incharge again. SOL has also double topped (mid Nov 24 and mid Jan 25), near the ATH (250), indicating either upcoming bearish sentiment or another uncertain attempt at breaking the ATH. Swing trade Entry: 200 TP:280 - near the absolute top of the head SL: 160 - past the dragonfly candle of 13 Jan (this candle has the risk of indicating a new support leval and all traders must be wary of the 160-150 level as that was the support level in mid Oct 24 Additionally, 170 is also near the 200 EMA and crypto daily price gyrations are sometimes very large; therefore a daily low of a dragonfly and a EMA has the potential of being a support level that should be accounted for when setting a SL ) R/R: 1:2 The case for the swing trade The rate of change indicated is trending upwards. The neckline has proven to be a support level and has been validated 3 times. The against a swing trade Other technical indicators like the RSI (middling with little upwards trend) and MACD (likewise) do not provide strong positive support for the trade thesis. Having found support at the 200 EMA and broken out of the downward trend since 20 Jan, there is a possibility that the price will just range between the 50 EMA and 200 EMA (approx. 210 and 180) unless there is further external, fundamental cause for upwards momentum. Previous momentum was driven largely by the optimistic market sentiment for crypto following on from Trump's election win. Finally, a R:R of 1:2 is generally not considered worthy of such a speculative trade. Note: There is very little justification for a margin trade at the moment - the dragonfly candle on 03 Feb carries too much risk and invalidates a margin trade theses' risk/reward ratios. Margin trading this pair is best left to when a pattern emerges that is not part of a structure that includes the 03 Feb candlestick.
Long
by slip_stream
Solana Faces Pressure as Pump.fun Offloads $28M SOLThe cryptocurrency market has recently witnessed a notable shift as Pump.fun, Solana’s memecoin launchpad, executed a massive sell-off of 148,759 SOL, worth approximately $28.22 million, to Kraken. This move has triggered speculations regarding Solana’s potential downtrend, raising concerns among investors and traders. Market Reaction to the Sell-Off Despite the global crypto market reaching an impressive $3.16 trillion, Solana is facing notable resistance. The recent sell-off by Pump.fun has heightened fears of a continued bearish trend. To date, the launchpad has transferred a staggering 2,280,377 SOL, valued at approximately $462 million, to Kraken. While 264,373 SOL has already been sold for 41.64 million USDC, Pump.fun still holds 16,877 SOL, indicating the possibility of further market activity. Additionally, Solana’s decline comes as Binance Coin (BNB) surpasses it in market capitalization, now standing at $96.15 billion compared to Solana’s $93.16 billion. Market sentiment is shifting as Solana’s 24-hour trading volume has decreased by 11.51%, now at $3.39 billion. Technical Analysis At the time of writing, Solana is trading at $191.17, experiencing a minor 0.20% increase in the last 24 hours. However, the broader trend presents a concerning outlook. Key Technical Indicators: - Break of Structure (BOS) Nearing $180: Currently, Solana is hovering around the BOS level. A confirmed breakdown below $180 could trigger a severe selling spree, pushing SOL toward deeper support zones. - Fibonacci Retracement Analysis: A breakout above the 38.2% Fibonacci retracement level could invalidate the bearish sentiment and spark a bullish rally. If Solana reclaims this level, it could set sights on the $400-$500 range in the long term. Conclusion Solana is at a critical juncture, with its price movement hanging in the balance between bearish pressure and potential recovery. The recent Pump.fun sell-off has introduced uncertainty, but key technical levels and broader market sentiment will dictate the next move. A break below $180 could trigger a major decline, while a decisive move above the 38.2% Fibonacci level could renew bullish momentum. Traders should stay alert and adapt their strategies accordingly in this volatile environment.
Long
by DEXWireNews
SOL Explosive Breakout? Key Levels to Watch Now!SOL is currently trading within a falling wedge pattern after making a new All-Time High. The price is consolidating between the $189.89 support level and the $207 resistance level. A confirmed breakout above the falling wedge and resistance at $207 could push the price towards the next resistance zone, marked in green, between $218.76 and $223.12. If SOL tests the support at $189.89, followed by a bullish Internal Change of Character (I-CHoCH), this would present a high-probability, low-risk entry. If momentum continue, SOL could rise to new highs. However, if SOL breaks down and closes below the support zone (Yellow) between $174.28 and $177.23, the bullish setup would be invalidated. In this case, it’s best to remain patient and wait for clearer price action before considering an entry.
Long
by TheCryptoCity
Franklin Templeton Joins Solana ETF Race: A Game-Changer for SOLThe race for a Solana ( CRYPTOCAP:SOL ) ETF is heating up, and Franklin Templeton has just thrown its hat into the ring. The global investment giant has filed documents in Delaware to register the Franklin Solana Trust, marking a significant step toward launching a spot Solana ETF. This move comes hot on the heels of similar filings by VanEck, Grayscale, and Canary Capital, signaling growing institutional interest in Solana. But with CRYPTOCAP:SOL ’s price down 3.34% in the last 24 hours and 9.99% over the past week, is this ETF momentum enough to reverse the bearish trend? Let’s break it down. Institutional Adoption Heats Up Franklin Templeton’s entry into the Solana ETF race is a major vote of confidence for the blockchain platform. Known for its high-speed transactions and low fees, Solana has become a favorite among developers and users alike. Now, with institutional heavyweights like Franklin Templeton, VanEck, and Grayscale vying for a Solana ETF, the cryptocurrency is poised to gain even broader recognition. Key Developments: 1. Franklin Solana Trust: Franklin Templeton’s filing in Delaware is the first step toward launching a spot Solana ETF. While the SEC has yet to approve any Solana ETF, the growing number of applications highlights the asset’s potential. 2. SEC’s Stance: The SEC has acknowledged filings from Grayscale and Canary Capital, opening a 21-day public comment period. However, Solana’s classification as an unregistered security remains a hurdle. Analysts suggest that Litecoin and Hedera ETFs might have a better chance of approval due to their clearer regulatory standing. 3. Franklin’s Crypto Index ETF: Franklin Templeton has also filed for a **Crypto Index ETF**, which initially tracks Bitcoin and Ethereum but could expand to include other altcoins like Solana. This shows the firm’s long-term commitment to the crypto space. Technical Analysis Despite the bullish news, Solana’s price action tells a different story. Here’s what the charts are saying: CRYPTOCAP:SOL is currently trading at $195, down 2.36% in the last 24 hours. The token has struggled to maintain momentum, with a 9.99% drop over the past week.The Relative Strength Index (RSI) is in bearish territory at 41, indicating that selling pressure outweighs buying interest. This suggests that CRYPTOCAP:SOL could face further downside before finding support. If Bitcoin dips to $90,000, CRYPTOCAP:SOL could test the $180–$160 zone, a critical support area. However, a breakout above $240 (38.2% Fibonacci retracement level) could reignite bullish momentum, potentially pushing CRYPTOCAP:SOL toward its all-time high of $270. Solana’s 24-hour trading volume is down 14.03% to $3.81 billion, despite its $95.94 billion market cap. This divergence suggests that retail interest may be waning, even as institutional demand grows. Conclusion Franklin Templeton’s entry into the Solana ETF race underscores the growing institutional interest in the blockchain platform. While the current price action is bearish, the potential approval of a Solana ETF could be a game-changer, driving CRYPTOCAP:SOL to new heights. For now, investors should keep an eye on key support and resistance levels, as well as regulatory developments. Will Solana break out of its slump and reclaim its all-time high? Only time will tell, but one thing is clear: the race for a Solana ETF is just getting started.
COINBASE:SOLUSDLong
by DEXWireNews
SOL About to EXPLODE? Key Pattern Signals a Massive Move!Yello, Paradisers! Is SOLUSDT gearing up for a breakout, or will the market shake out weak hands before the real move? Let’s break it down! 💎SOLUSDT has completed a triple zig-zag pattern, which significantly increases the probability of a bullish move. This structure often marks the end of corrective phases, setting the stage for a strong reversal. 💎Adding to the bullish case, SOL has broken out of a falling wedge pattern—a textbook bullish reversal signal. However, to manage risk effectively, scaling into positions rather than entering all at once is the smarter play. 💎Further confluence comes from a bullish divergence, reinforcing the likelihood of upward momentum. That said, we could still see some consolidation or even a liquidity grab before the next major move. If SOL sweeps the lows for inducement and then prints a bullish I-CHoCH (Internal Change of Character), that would present a high-probability, low-risk entry. 💎However, if SOL breaks down and closes candle below the support zone, it would invalidate this bullish setup. In that case, the best approach would be to stay patient and wait for clearer price action before taking any new positions. 🎖 The market rewards patience and precision. Let the liquidity games play out, and only strike when the setup is at its highest probability. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Breaking: Solana Reclaims $200 MarkIn a surprising turn of events, Solana (SOL) has surged past the $200 resistance level, defying the broader crypto market's cooling trend. While Bitcoin (BTC) dipped to the $95,000 support level and the Crypto Fear & Greed Index slumped to 35—indicating a fearful market—Solana has emerged as a standout performer. Why Solana Stands Out Solana, launched in March 2020 by the Solana Foundation, has quickly risen to prominence as a high-performance blockchain platform. Designed to facilitate decentralized application (DApp) development, Solana combines proof-of-history (PoH) with proof-of-stake (PoS) to achieve unparalleled scalability and speed. This hybrid consensus model allows Solana to process thousands of transactions per second (TPS) at a fraction of the cost of competitors like Ethereum. Key Fundamentals Driving SOL's Growth: 1. Decentralized Finance (DeFi) Accessibility: Solana's focus on making DeFi accessible to a broader audience has attracted both retail and institutional investors. 2. Institutional Interest: Solana's ability to handle high-volume transactions without compromising decentralization positions it as a viable long-term player in the blockchain space. 3. Ecosystem Growth: The Solana ecosystem continues to expand, with projects ranging from decentralized exchanges (DEXs) like Serum to NFT marketplaces and gaming platforms. Technical Analysis As of the time of writing, Solana is trading at $205, up 2.29% in the last 24 hours. Key Technical Indicators: 1. Relative Strength Index (RSI): SOL's RSI is currently at 45, indicating a neutral to slightly bearish sentiment. While this suggests the potential for a trend reversal, the recent candlestick patterns hint at a possible bullish surge. 2. Candlestick Patterns: The recent closing prices and candlestick formations suggest a bullish momentum. If this trend continues, CRYPTOCAP:SOL could target the $248 resistance level, which aligns with the 38.2% Fibonacci retracement level. 3. Support and Resistance Levels: The $200 level has now flipped from resistance to support, providing a strong foundation for further upward movement. However, a slight downtick could see CRYPTOCAP:SOL retesting its 1-month low, serving as a cooling-off zone before another potential rally. 4. Volume and Liquidity: With a 24-hour trading volume of nearly $4 billion, Solana is experiencing significant liquidity. This high volume indicates strong market participation, which is often a precursor to sustained price movements. The Road Ahead: Bullish or Bearish? While Solana's recent performance is impressive, the crypto market remains highly volatile. Here are the key factors to watch: Bullish Case: - If SOL maintains its momentum and breaks above the $210 resistance, it could target the $248 level, representing a 20% upside from current prices. - Continued ecosystem growth and institutional adoption could drive long-term demand for SOL, pushing it to new all-time highs. Bearish Risks: - A failure to hold the $200 support level could lead to a retracement to the 1-month low, potentially cooling off recent gains. - Broader market conditions, including Bitcoin's performance, could impact SOL's trajectory. If BTC experiences further downside, it could drag SOL along with it. Conclusion As the "Ethereum killer," Solana continues to prove its worth in the blockchain space. Keep an eye on this altcoin—it may just be getting started.
Long
by DEXWireNews
The key is whether the price can be maintained above 202.45 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (SOLUSDT 1M chart) In order to turn into a downtrend, it is expected to start by falling below 147.74. Since the BW(100) indicator was formed at 231.77, the point to watch is whether it can rise above this point. - (1W chart) The key is whether it can receive support near 202.45. - (1D chart) The key is whether it can receive support near 194.46, the HA-Low indicator point, and rise above 202.45. - The charts that do not display support and resistance points and the charts that do are displayed are displayed separately for each time frame chart. The basic chart for trading is the 1D chart. Therefore, if you want to trade by looking at charts below 1D charts, it is recommended to mark at least the support and resistance points of the 1D chart. As traders, the reason we analyze charts is to trade. Therefore, chart analysis is to select key support and resistance points. Therefore, you must select key support and resistance points in any way. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, it is expected that the upward trend will continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto