Fartcoin - it is a bit deflatedI was anticipating the price to continue to move up higher when it broke above the previous month high. However, I need to acknowledge that the daily RSI is showing a clear negative divergence. 4H MACD is also starting to dive into bear territory. RSI and Stochastic also are pointing downwards. The candle closed below 1.2932 zone (strong resistance/support level) and the recent 4h candle closed below the buy block.
It is still too early to conclude it is the start of the bear trend. The price is still travelling along the ascending trendline. I will wait to see what the price will do around $0.95 area where Fib 0.786 meets the trendline.
I intend to hold the tokens for this bull cycle. I won't be considering to sell the tokens or open a short position. I will just wait for an opportunity for re-entry. The blue rectangular area in chart might be the area of interest for re-entry. The most important condition for me personally is that I won't go long when MACD in 4H (time frame I am trading in) and Stochastic in Daily (time frame I get a confirmation from) are not moving upwards. The angles of these momentum indicators are very important in my experience.
Solana
Solana’s Big Moment: Will the Ascending Triangle Ignite a Rally?Yello, Paradisers! #Solana is gearing up for action as it charges inside an ascending triangle pattern, inching closer to the critical neckline resistance. If bulls can deliver a convincing breakout here, a trending move could be on the cards, setting the stage for a significant rally.
💎For #SOLUSDT the first test lies at the $197–$198.50 range, a moderate resistance zone that has effectively capped its price since December 19th. A breakout above this level, supported by strong volumes, could signal the start of a trending move, initially pushing the price toward the $210–$212 zone, where some profit-taking is likely to occur.
💎If bullish momentum remains strong beyond this point, Solana could set its sights on the next major resistance at $220–$225.50. This key level has the potential to define the next phase of its upward movement and will be critical for assessing whether the bulls can sustain the rally.
💎On the downside, Solana is supported by the ascending trendline in the $188–$186 range, with additional horizontal support at $186–$183.80. As long as these levels hold, the bulls remain in a strong position to keep the momentum alive.
Paradisers, stay sharp—Solana is at a critical turning point, and the next few moves could be decisive!
MyCryptoParadise
iFeel the success🌴
SOLANA - Conservative trade for long My most conservative way to enter long based on technical analysis:
1) Daily chart
2) Identify the prolong range bound area and draw Fibonnaci line
3) Wait for daily candle to clearly break and close above Fib 0.786.
4) MACD crosses above 0 line, 1st green histogram shows up5) both RSI and Stochastic (9,3,3) cross, point upwards in 50 zone.
The price on Nov 7th 2024 (blue vertical line) is a good example. Fib 0.786 often works as the very last line of defence for the bear. The price often struggles to move above it and often gets pushed down. When it breaks decisively above and momentum indicators support that move, it often is a high probability trade in my experience. I know Solana will go up sooner or later, but if you are going to trade and want a very conservative entry point, I wiill wait for a daily candle to break and close above $246 where Fib 0.786 and the previous month high are. It also clears the large sell block. But MACD, RSI, Stochastic all need to be in agreement for the bull move.
Nosana - it is about to move up. Nosana has been struggling to go above $4.45 area since Oct 2024. There is a large sell block sitting above it. However. MACD and RSI in the daily chart are entering the bull zone and the weekly stochastic has crossed and is rolling back up entering the bull zone. The price still needs to go above the previous week high and the previous month high, but I think the price will soon break to the upside if weekly stochastic remains to move upwards.
One note: Stochastic in the daily chart is in the overbought territory, so the price is likely to get pushed down once more when it reaches where the sell block is sitting above.
ai16z - opportunity for long? The price is moving inside the descending wedge pattern. The price retraced to Fib 0.5 level and is hovering over EMA55/. Stochastic is starting show positive divergence. If the price breaks and closes above the top descending trendline and ideally it also closes above the previous week mid price, I will add a position.
SOLANA - one more minor dip before going up?I just published my analysis on BTC. The set up for Solana is quite similar to BTC.
The price broke and close above descending trendline. All momentum indicators are starting to move upwards. However, when I analyse major cryptos such as BTC, ETH and SOLANA, MACD seems to be the most reliable indicator to analyse the direction of the price (for me at least).
Solana will eventually start going up, however, there is a sell block sitting above $220 area which is 0.5 Fib level. When RSI and Stochastic reach above 50 level, I interpret it as the beginning of the bull trend. However, if MACD is still below 0 line, the price often moves up to key Fib level such as 0.5 and 0.618 and gets pushed back down again. The price move on the 3rd July 24 (red vertical line on the chart) is a good example. I think Solana will go up eventually, but it is possible to have another minor dip before moving up.
SOL's situation+next targets and expected movements.It can now be said that the cup and handle pattern has broken well, and from a technical perspective, the price can rise from here.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOL Cup & Handle pattern approaching the key breakout area.SOLANA has been building a massive cup-and-handle pattern for over four years and has yet to break out. There was a small, false breakout after the November 5th election of President Donald Trump, but the pattern has not yet played out to its full potential.
I believe that during the upcoming 'alt-coin' season, up until mid-2025, we will see SOL, at a minimum, 2X to 3X in value. On the extreme side, it could even rise as high as 10X.
Either way, SOLANA holders will be more than satisfied, assuming there are no unpredictable events that could hinder SOL's inevitable rise through price discovery to new all-time highs.
Good luck, and always use a stop loss!
GOAT - long opportunity coming soon? Since reaching its ATH on 17th Nov, GOAT has been moving downwards in the descending parallel channel in the daily chart. However, there are some signs of recovery:
1) MACD is still in the bear zone (below 0), however, the MACD lines clearly crossed and now pointing upwards;
2) RSI also still in the bear zone (below 50), but the lines clearly crossed and moving upwards;
3) Stochastic (9,3,3) formed positive divergence and has entered into the bull zone (above 50);
4) Weekly stochastic reached oversold territory, the lines have crossed (higher timeframe confirmation)
0.75 zone is a good area of entry for long (blue rectangular area in the chart), IF the price clearly breaks and closes above the channel, decisively moves above the closing price on Oct 26th, daily MACD enters the bull zone and ideally weekly stochastic are moving upwards.
There are many IFs, but I think a long opportunity is coming.
Solana 05.01.2025COINBASE:SOLUSD
Hello Traders,
I hope you all have great success in 2025!
Currently, I’m analyzing Solana, focusing on the potential for its third position within the larger wave 3 to 4. At the moment, we can identify a 1-2-3 wave structure. Within wave 2, there’s a slightly messy 1-2-3-4-5 sub-wave setup, which is fairly common.
We’ve observed significant volume and a strong bullish push from sub-wave 2 to 3. However, sub-wave 4 to 5 is moving sideways, forming what’s typically seen as a diagonal pattern. Within this diagonal, we can clearly recognize an ABC formation, and the transition from wave B to C aligns perfectly with a 1-2-3-4-5 setup.
Currently, sub-wave 5 is still unfolding, but the chart is becoming increasingly messy. Many traders appear to be selling their positions. Using the MACD indicator, we can see that the buying volume is decreasing, and the red selling volume is approaching dominance.
I hope you find my analysis helpful, and I’m always happy to receive your feedback!
Best regards
SOLANA // primary long trendThe daily countertrend has reached the weekly breakout, and turned long, breaking the last clean daily breakdown.
As long as the daily impulse base holds, the primary long trend is valid.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
Stay grounded, stay present. 🏄🏼♂️
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$me magic eden $MEUSDmoving forward i am bullish on magic eden... we are traveling in a nice uptrend in a nice channel.... we currently have a fib resistence at $3.77 which i personally think we will retest before the weekend is over...the channel support line is in the low 3.20's if you are looking to add on a pullback...as we approach the $3.776 range keep an eye on !total to see what the marketcap is doing.... if btc dominence is going down and money is flowing into alts, i expect volume to pick up as we push thru the resistence area. if marketcap starts to drop though i can see the price here coming back down to retest the $3.12 current swing low that was created last week. Price for this token dumped hard after an initail luanch of the token sent out 1,000s to some holders, which where dumped onto the market....a lot of investors into this project tho are staking as many coins as possible to maximize the sites rewards. lockup period is thru mid march to end of march....Stay tuned as i will keep you updated on this chart. Give me a like and follow....Share on X.com also if you like my TA and have found it helpful. Thanks
Solana Nears $220, ETF Approval Hopes Spark Optimism
Solana (SOL), a prominent player in the blockchain arena, has been exhibiting a strong upward trajectory, nearing the $220 price mark. This surge in value is fueled by a renewed sense of optimism sweeping through the cryptocurrency market, largely driven by growing anticipation surrounding the potential approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. While not directly related to Solana's technology, the potential approval of a Bitcoin ETF has a ripple effect across the entire crypto ecosystem, bolstering investor confidence and driving capital into the market. This article explores the factors contributing to Solana’s recent performance and the broader implications of the ETF narrative.
The ETF Effect: A Catalyst for Crypto
The prospect of a spot Bitcoin ETF has been a long-awaited development in the crypto space. Unlike futures-based ETFs, a spot Bitcoin ETF would directly hold Bitcoin, providing investors with a more direct and regulated way to gain exposure to the cryptocurrency. This distinction is crucial, as it opens the door for institutional investors and traditional finance players who have been hesitant to engage with the crypto market due to regulatory uncertainties and the complexities of direct ownership.
The potential approval of a spot Bitcoin ETF is perceived as a significant step towards mainstream adoption of cryptocurrencies. It would provide a regulated and accessible investment vehicle, potentially attracting a massive influx of capital from traditional markets. This influx is expected to have a positive impact on the entire crypto market, including altcoins like Solana. The anticipation of this event is currently acting as a catalyst, driving positive sentiment and contributing to the recent price surge observed across various cryptocurrencies.
Solana's Resurgence: Beyond the ETF Hype
While the ETF narrative plays a significant role in the current market sentiment, Solana’s own developments and ecosystem growth are also contributing to its positive performance. Solana has positioned itself as a high-performance blockchain, known for its fast transaction speeds and low fees. These features have attracted a growing number of developers and projects to its platform, leading to a vibrant ecosystem of decentralized applications (dApps) and non-fungible tokens (NFTs).
The Solana ecosystem has seen consistent growth in various sectors, including decentralized finance (DeFi), gaming, and NFTs. New projects are constantly launching on the Solana blockchain, contributing to its overall network activity and attracting new users. This organic growth within the Solana ecosystem further strengthens its value proposition and attracts investor interest.
Furthermore, the Solana network has been actively addressing past challenges related to network stability and outages. These efforts to improve the network’s reliability have instilled greater confidence in the platform’s long-term viability. Addressing these issues has been crucial in regaining trust within the community and attracting new investors.
Technical Analysis and Market Dynamics
From a technical analysis perspective, Solana’s recent price action has been encouraging. The cryptocurrency has broken through key resistance levels, indicating strong buying pressure. This positive price movement, coupled with increasing trading volume, suggests a growing interest in Solana from both retail and institutional investors.
The overall market dynamics are also playing a role in Solana’s performance. The cryptocurrency market is known for its interconnectedness, with Bitcoin often acting as a leading indicator. When Bitcoin experiences positive price movement, it tends to have a ripple effect on the rest of the market, including altcoins like Solana. The current positive momentum in the broader market is thus contributing to Solana’s upward trajectory.
Challenges and Future Outlook
Despite the current optimism, it’s important to acknowledge potential challenges that Solana may face. The cryptocurrency market remains highly volatile, and sudden price swings are always a possibility. Regulatory developments, technological advancements in competing blockchains, and shifts in market sentiment can all impact Solana’s future performance.
However, the long-term outlook for Solana remains positive. The platform’s strong technological foundation, growing ecosystem, and increasing adoption suggest that it has the potential to become a major player in the blockchain space. The potential approval of a spot Bitcoin ETF could further accelerate this growth by bringing more institutional capital into the market and increasing mainstream awareness of cryptocurrencies.
Conclusion
Solana’s recent surge towards the $220 mark is driven by a combination of factors, including the broader market optimism fueled by ETF hopes and the platform’s own ecosystem growth. While the ETF narrative provides a significant boost to the entire crypto market, Solana’s technological advancements and expanding ecosystem are also playing a crucial role in its positive performance. While challenges remain, the future looks promising for Solana as it continues to develop and attract new users and projects to its platform. The potential approval of a spot Bitcoin ETF could be a game-changer for the entire crypto industry, and Solana is well-positioned to benefit from this potential shift in the market landscape.
SOL/USDT Reclaims Key Support: Next Stop $230?SOL/USDT chart has recently broken out of a descending trendline, signaling a strong bullish reversal.
The price has reclaimed a key support zone around the $205-$210, which previously acted as a significant resistance level, further validating the breakout.
DYOR, NFA