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Solana

Another dip coming? Solana price bounced back strongly yesterday and formed a daily candle with a massive bottom wick.  It is very bullish.   It was a great buy the dip moment for spot buyers and intraday traders.  However,  if you are swing trading with leverage, the momentum is still bearish.  I think it is not the time to open a long position for the following reasons:  Weekly:  1) Price is still trending up along EMA 21, but it is starting to drop below it. 2) Momentum indicators are forming negative divergence.   3) MACD and RSI are still in the bull territory, however, Stochastic had tried to move to the bull zone but failed and now moving to the downside in the bear zone. Daily:  1) Daily MACD and RSI are pointing to the downside and they are about to enter the bear zone.   2) Daily stochastic have reset and moving to the upside, so it is a sign of recovery to the upside, but it is not supported by price action. 3) The price dropped to EMA200 and bounced, but it failed to move about the previous low ($222) and also closed just under EMA 55.    4) Today the price is starting to come down.    Today's candle hasn't closed so it is too premature to make any decision on today's candle at this stage.   4H: 1) the current candle failed to close above EMA 21. 2) both MACD and RSI are still in the bear zone. 3). Stochastic has already reached the overbought territory and now it is rolling to the downside.   4) There are two layers of buy blocks below the $190 area so there is a chance the price might drop to that level.   It has been such a volatile and difficult market. Every time you think the bottom is in and the price starts to move up, it gets pushed down. It is the market that challenges you mentally. Yesterday's dip was a great opportunity to buy spot and hold. But if you are trading, it might be better to buy the strength because dips can keep coming.
COINBASE:SOLUSD
by EbonyFalcon
SOL updated analysisAfter the massive push up for SOL after the TRUMP coin caused huge volumes on SOL network, SOL has now come right back to support as seen on left chart where price reacted off the green vwap line and the green trendline. The right chart shows how the 260usd blue line is major resistance. Price currently trying to reclaim the purple npoc. So, now what? Well, as a smart trader you always have 2 scenarios, up or down. If SOL can reclaim the light green vwap line above price on left chart this could be a nice v shape recovery move playing out. 260usd is where we will know if bull run is resuming once SOL closes above this level. If SOL loses the green vwap line below price then SOL could go as low as the next green vwap line at 154usd. Smash that like button!
COINBASE:SOLUSD
by Pro_Trader_HTBB
Dogwifhat ($WIF) Breaks $1 Psychological Support – What’s Next?Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ), the popular Solana-based meme coin, has experienced a sharp decline, breaking below the critical $1 psychological support and trading at $0.829 at the time of writing. This marks a significant 12.42% drop today, pushing SEED_WANDERIN_JIMZIP900:WIF further from its all-time high (ATH) of $4.83 recorded in March 2024. The recent dip raises concerns among traders and investors, especially after notable crypto figures, including Arthur Hayes, previously speculated that SEED_WANDERIN_JIMZIP900:WIF could surge to $5. However, current market conditions and technical indicators suggest a different scenario. Technical Analysis - Support and Resistance Levels: The one-month low is acting as a short-term support zone. A break below this level could push SEED_WANDERIN_JIMZIP900:WIF further down to $0.29, a critical foreseen support level that might stabilize the asset. - Fibonacci Retracement Levels: The 38.2% Fibonacci retracement level serves as a key pivot point at $1.24. If SEED_WANDERIN_JIMZIP900:WIF can break above this level, we could see a potential rally towards $2.50 and beyond. - Relative Strength Index (RSI): With SEED_WANDERIN_JIMZIP900:WIF ’s RSI currently approaching oversold levels, traders may see a short-term bounce, but the overall trend remains bearish unless key resistance levels are broken. Fundamental Analysis Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ) remains a dominant meme coin on the Solana blockchain, enjoying strong community engagement and significant exchange listings. Here’s a look at its market performance: - Trading Volume: SEED_WANDERIN_JIMZIP900:WIF ’s 24-hour trading volume surged to $1.62 billion, marking a 134.7% increase, signaling heightened trading activity. - Exchange Listings: Major exchanges like Binance, MEXC, and LBank continue to facilitate active trading, keeping SEED_WANDERIN_JIMZIP900:WIF accessible to a global audience. - Historical Performance: Despite its recent decline, SEED_WANDERIN_JIMZIP900:WIF remains significantly above its all-time low of $0.001555 recorded in December 2023, reflecting a massive 54,054.03% increase. Market Sentiment & Outlook The ongoing bearish sentiment in the broader crypto market has contributed to SEED_WANDERIN_JIMZIP900:WIF ’s decline. However, meme coins often rely on speculative momentum and social engagement, meaning a resurgence is possible if investor sentiment shifts. Conclusion Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ) faces a critical test after breaching the $1 support. While the short-term outlook appears bearish, traders are closely watching key support and resistance levels to determine the next move. With strong trading activity and major exchange listings, SEED_WANDERIN_JIMZIP900:WIF is still a player in the meme coin space, but investors should tread carefully amid current volatility.
Long
by DEXWireNews
SOLANA double bottomed on 1day MA200. Target $400.Solana / SOLUSD is trading inside a Channel Up since the July 29th 2024 high. The price hit today the 1day MA200 for the 2nd time since January 13th and instantly rebounded. Technically this makes it a Double Bottom formation and took place right at the bottom of the Channel Up. The pattern is very similar with the Megaphone of May-August 2024 that was followed by a strong uptrend, the bullish wave of the Channel Up. Their 1day RSI patterns are identical. Buy and aim for a +140% rise from the bottom. Target 400. Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSDLong
by TheCryptagon
SOLUSDT - Buy with every dipBINANCE:SOLUSDT One of the strongest assets in the market and among the least affected by the recent downturn. I highly recommend this coin for anyone looking to invest in crypto for the long term. It’s a core asset in the market, with many projects built on its network, and currently ranks 5th by market cap, sitting at approximately $100.84B. On the 3-day timeframe, the coin has formed an ascending channel, with price action strongly respecting the lower boundary of the pattern. Price projection is shown on the chart, and I expect this outlined structure to play out in the coming weeks. Best regards Ceciliones🎯
Long
by ceciliones
$TRUMP Coin Tanks 80% from All-Time High – What's Next?Market Overview The $TRUMP coin, a Solana-based meme token inspired by former President Donald Trump, has seen a dramatic decline, shedding nearly 80% of its value from its $75.35 ATH recorded on January 19, 2025. The coin, which launched on January 18, 2025, skyrocketed overnight, attracting traders eager to capitalize on its meteoric rise. However, a lack of development and utility has raised concerns, leading to a rapid sell-off. Technical Analysis As of the time of writing, $TRUMP is trading at $17.75, marking a 17% decline in 24 hours. The Relative Strength Index (RSI) stands at 31, signaling oversold conditions. While this hints at a potential buying opportunity, the coin remains highly volatile. Key Technical Levels: - Immediate support: $17.00 (psychological support) - Major support: $15.00 (next critical level in case of further decline) - Resistance: $25.00 (short-term bounce potential) - Bullish breakout: A reversal above $30 could reignite bullish momentum With major exchanges like Binance, Coinbase, and Kraken listing $TRUMP, the coin remains highly liquid, but whether it can reclaim its previous highs remains uncertain. Fundamental Analysis Despite its steep decline, $TRUMP maintains a market cap of $3.55 billion, securing a CoinMarketCap ranking of #34. It has a circulating supply of 200 million tokens with a max supply of nearly 1 billion, which could lead to future dilution concerns. The token's price action has been largely speculative, driven by hype rather than tangible fundamentals. The lack of a defined roadmap, development plans, or intrinsic utility poses significant risks. However, its **strong meme appeal and cultural relevance** continue to attract traders. Future Outlook While some traders expected $TRUMP to reach $100, the current price action suggests a prolonged consolidation or further decline unless new catalysts emerge. The token’s fate depends on market sentiment, potential utility developments, and broader crypto trends. Key Considerations: ✅ Oversold RSI – Possible short-term bounce ⚠️ No intrinsic utility – High risk, purely speculative 📉 High volatility – Not for the faint-hearted Final Thoughts $TRUMP coin's meteoric rise and steep fall highlight the high-risk nature of meme tokens. While its presence on major exchanges adds credibility, the lack of fundamental value makes it highly unpredictable. Traders should exercise caution and manage risk appropriately, as the next move for $TRUMP remains uncertain.
Long
by DEXWireNews
SOLANA What will happen in the short term ?The price will drop to the 0.382 Fibonacci line and then will pump. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Solana Breaks Key Support Level – Is a Short Opportunity Ahead.?Solana has recently breached its previous support level of $221, signaling a potential shift in market dynamics. Given the technical analysis indicators, there may be an opportunity to initiate a short trade upon the price retesting this level, which could serve as a new resistance point. However, traders should exercise caution in their approach, particularly in light of the ongoing trade tensions involving the United States, Canada, China, and Mexico. These geopolitical factors could introduce volatility and impact market sentiment significantly, making it essential to implement risk management strategies when executing trades.
by Kartik_Elkunchwar
Why I Went Long on Solana $SOLUSDCI entered a speculative long trade on Solana, considering several key factors that suggest a potential rebound in the coming days. Reasons for Entering Long 1. Fundamental Factor – On Saturday, the U.S. announced tariff hikes on China, Canada, and Mexico, causing market turbulence. After the initial sell-off, markets often see a partial recovery. 2. Technical Factor – SOL is in an oversold zone, increasing the likelihood of a bounce. 3. Short-Term Potential – Solana remains technically strong, and if the crypto market recovers, SOL could outperform. Trade Parameters • Entry Price: $213.79 • Stop-loss: $210.08 (trigger), $210 (limit) • Take Profit: $242 • Risk Level: High, as this is a speculative trade. I expect Solana to recover in the short term if market conditions improve.
BINANCE:SOLUSDLong
by themr-im
4
VIRTUAL at Bottom? Time to Buy?SPARKS:VIRTUAL www.tradingview.com has double bottomed at around 1.85 after rocketing to $5. Is it time.to buy the dip or is it a pump and dump? Well on top of a couple bullish signals, just recently, Virtuals Protocol has expanded to Solana, leveraging its speed, scalability, and community to enhance its platform. They've introduced the Meteora Pool with new trading pairs and opportunities and established a Strategic SOL Reserve (SSR), allocating 1% of transaction fees in SOL to reward creators and agents. Aligning with their mission to drive AI innovation in decentralized platforms, Virtuals Protocol continues to grow. Additionally, Upbit has listed VIRTUAL with KRW, BTC, and USDT trading pairs, further increasing accessibility. Not to mention other channels are now starting to cover VIRTUAL! It's about time! If Virtuals Protocol can continue to move forward, innovate and scale at this momentum, bullish price action is inevitable. Is it time to buy the dip? There may be better buying opportunities still to come but as long as no black swans crap in the pond, we may be pretty close to a bottom.
CRYPTO:VIRTUALUSDLong
by StonkMarketParty
Will Breakouts Happen Here?as you see on the chart a critical zone has been pointed which if Solana Price and Volume can breakout this Zone we will have an powerful uptrend for short term trend which we can Call it; Go Too the Moon ASAP Sol Jan Do Not Scared for any downward cause all of them are the opportunities for Having and Holding this valuable Coin which is very related To ETH too But the act of them will be different in next 6 month but after approvement of SOLANA's ETF both Mother Coins will have Same Trend as best Ecosystem of Cryptocurrency Market at last: Solana In Unhopeful condition
Long
by BKY8
#SOLUSDT is waiting for the move...Let's have a look at #SOLUSDT chart CRYPTOCAP:SOL did an amazing rally before Trump's inauguration with the RSI reaching at 84.21 After the correction Solana is consolidating around $239, a little lower that the key level of $242 With the current market conditions and the RSI being at 49.2 (RSI based MA 47.74) Solana is waiting for some big news to make the move The best trading strategy right now is scalping. Get the profits till Solana is going to soar again to new ATH February is going to be an interesting month
by logicrypto
SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle! SOL/USDT 1H Chart Analysis 🚀 Follow me on TradingView if you respect our charts 📈 Current Market Structure: Price: $239.99, showing rejection at premium zone ($245). Trend: Bearish after breaking previous swing low. RSI: Hidden Bearish Divergence forming between price highs and RSI. Smart Money Activity: Accumulation: Likely happening at discount zone ($222-225). Market Makers Intent: Distribution visible, suggesting potential downside to retest support. Risk Assessment: 6/10: Mixed signals from current range. Concerns: RSI leaning bearish. Price trapped between Fair Value Gap (FVG) zones. Key Levels: Resistance: $245 (premium zone). Support: $222-225 (discount zone), critical level at $232. Recommendation: Wait for confirmation: Break above $245 for long entries. Break below $232 for short setups. Avoid entering while price remains range-bound. Market Maker Intent: Distribution: Ongoing at current levels. A move down to retest support is likely unless the range is decisively broken. Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨 🚀 Follow me on TradingView if you respect our charts 📈Daily charts!
by Cryptokijker
Skyrexio | Solana SOL Started CorrectionHello, Skyrexians! Recently we told about the potential pump for BINANCE:SOLUSDT to $300 where price was $170. The main reason was the bullish reversal bar at the bottom of the wave 4. After that price reached almost $300 agains the entire crypto market. Will Solana continue pumping or it's over. Looking at the time frame we can see that wave 5 has been potentially over. This fact is confirmed by the red dot on the Bullish/Bearish Reversal Bar Indicator . This is very strong bearish signal which tells us that Elliott waves cycle has been finished and asset is entering into correction phase. The first target for correction is $160 at 0.61 Fibonacci zone. There we will look at the price action again and make a decision if price will continue to go down or not. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Short
by Skyrexio
1