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Solana

Solana faces $6 billion short bet as price drops 12% from peakSolana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%. With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop. According to Coinglass, over the past 24 hours, the total value of Solana short positions has reached $6 billion, significantly outpacing long positions at $5.38 billion. This indicates a strong bearish sentiment among traders. On the daily chart, SOL’s price is poised to break below its 20-day Exponential Moving Average (EMA). This indicator tracks the asset’s average price over 20 days, giving more weight to recent prices.  Since October 11, it has consistently served as a dynamic support level for SOL. Currently, the 20-day EMA provides support at $226.52, and a decisive break below this level would confirm the shift toward bearish momentum. If this happens, the SOL price drop may reach $205.56. On the other hand, if market sentiment becomes more bullish, SOL’s price may rally toward its all-time high of $264.63.
by paul_endeo
SOLANA Is this correction a buy opportunity??Solana (SOLUSD) is on a 5-day pull-back, along with the majority of the crypto market. It is still above both the 1D MA50 (blue trend-line) as well as the 1D MA200 (orange trend-line) coming strong off a 1D Golden Cross. Is this correction, however, a buy opportunity? Well the last time SOL formed a Golden Cross on the 1D time-frame was exactly 1 year ago (October 22 2023), after coming out of a similar (blue) Channel Down and that initiated the massive October 2023 - March 2024 rally. That rally hit all Fibonacci extensions of the Channel Down successively (2.0, 3.0, 4.0) and consolidated on all of them. Even the 1D RSI sequences between those fractals are similar. As a result, we expect Solana to hit $315 (Target 1), $515 (Target 2) and $830 (Target 3) within a 4 month horizon. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
5
Just in: Robinhood Listed Solana Memecoin Dogwifhat ($WIF)Dogwifhat ( CRYPTOCAP:WIF ), the Solana-based memecoin, has taken the spotlight after being listed on Robinhood on November 25, 2024. This milestone marks a pivotal moment, propelling CRYPTOCAP:WIF into mainstream visibility and sparking excitement within the crypto community. Fundamental Analysis Dogwifhat’s listing on Robinhood, one of the top US centralized exchanges (CEX), underscores growing institutional interest in memecoins, particularly those on the Solana network. This listing has led to a 7% price surge, with CRYPTOCAP:WIF trading around $4. Analysts anticipate further upward momentum, with targets set at $10 ahead of Thanksgiving. Trading volume has also skyrocketed, with CRYPTOCAP:WIF registering a 24-hour volume of over $1.4 billion—an increase of 23.9%. This surge reflects heightened market activity and investor confidence. Additionally, the current market cap stands at $3.36 billion, ranking it #47 on CoinGecko, a remarkable feat for a meme token. Technical Outlook From a technical standpoint, CRYPTOCAP:WIF is displaying strong bullish signals. The Relative Strength Index (RSI) is currently at 56, indicating room for further growth before entering overbought territory. Notably, CRYPTOCAP:WIF recently emerged from a falling wedge pattern—a bullish reversal indicator. This breakout could propel the price past $4, with $5 as the next key resistance level and $10 within reach. Adding to the optimism, CRYPTOCAP:WIF has formed a golden cross pattern over the past two weeks, where the short-term moving average crosses above the long-term moving average. This pattern historically signifies the start of a major uptrend. Furthermore, support from prominent figures like Arthur Hayes and the growing DEGEN CULT community provides additional bullish sentiment, reinforcing the expectation of CRYPTOCAP:WIF shaking up the memecoin market. The Road Ahead With its Robinhood listing and favorable technical indicators, CRYPTOCAP:WIF is well-positioned to capitalize on the growing interest in Solana-based memecoins. As market conditions align and momentum builds, all signs point toward CRYPTOCAP:WIF breaking new highs, potentially setting the stage for a transformative rally in the memecoin sector. Investors and traders are watching closely—this might just be the beginning of Dogwifhat’s rise to the top of the memecoin economy. 🚀
Long
by DEXWireNews
For now SOLUSD is retesting invh&s neckline as precise supportA good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least the monthly candle body can maintain this neckline as support, but we will find out soon enough. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
3
Blobana Pet ($BLOB): Unleashing the Potential in Solana MemecoinToken Overview Blobana Pet ($BLOB) has swiftly captured attention in the rapidly growing Solana meme coin ecosystem. With a trading volume of $12.6 million over the last 24 hours, despite a recent decrease of 66.6%, $BLOB remains a significant player. Its primary trading venue is Raydium, featuring the most active pair, BLOB/SOL, followed by Raydium (CLMM) and Meteora. This decentralized exchange dominance reflects a strong community-driven presence. Key Performance Metrics: - All-Time High (ATH): $0.02231, reached on November 24, 2024. Currently, $BLOB trades 24.47% below this peak. - All-Time Low (ATL): $0.002301, recorded on November 20, 2024. The price has surged an astonishing 632.38% since then. - Market Capitalization: $17.3 million, ranking $BLOB at #1363 on CoinGecko, indicating room for growth within the meme coin category. - Circulating Supply: 1 billion tokens, aligning its fully diluted valuation (FDV) at $17.3 million. Technical Outlook: At the time of analysis, $BLOB is trading up 21%, displaying a bullish engulfing pattern—a clear signal of upward momentum. The asset forms a falling wedge, a classic bullish indicator, hinting at a potential breakout. This pattern suggests that the current upward trend has more fuel to sustain a rally. Market Catalysts: 1. Solana Ecosystem Boom: Solana-based memecoins have generated millions in fees, attracting both retail traders and institutional interest. This trend boosts $BLOB's exposure and potential. 2. Listing Potential: $BLOB is not yet listed on major centralized exchanges (CEXs), presenting a significant opportunity. A CEX listing could dramatically increase liquidity and drive price action. 3. Community Momentum: Solana's meme coin surge has created a fertile ground for projects like Blobana Pet to thrive, drawing traders who seek high-reward opportunities. Outlook and Future Potential: $BLOB's technical indicators align with broader market trends, positioning it to potentially surpass its one-month high. The meme coin's performance lags slightly compared to the global cryptocurrency market (up 8.8%) and the meme coin segment (up 5.9%) but presents a compelling entry point. If the current bullish trajectory continues and major exchanges list $BLOB, a surge past its ATH is within reach. In a volatile yet promising Solana ecosystem, Blobana Pet stands out as a "sleeping time bomb" ready to explode into prominence. Traders watching this emerging meme star could find substantial gains as the broader altcoin rally takes shape.
BLong
by DEXWireNews
POPCAT COIN LONG OPPORTUNITY - Solana MemecoinPOPCAT is one of the most popular Solana memecoins, currently listed on Binance and generating a lot of hype. I’m keeping a close watch and trading this one to catch the memecoin trend. Technical Analysis: Price recently hit the daily demand, ran daily liquidity, and failed to close below, indicating a potential move higher. Following the liquidity run, we saw a strong increase in volume, which created a 4-hour demand zone. Price has since rejected off the bearish trendline and is now moving into the 4H demand and maximum discount area, where I’ll be looking for long entries. Lower time frame confirmations will be necessary before initiating the trade. Stop loss: 1.15 TP1: Trendline TP2: Equal Highs - 1.66 TP3: ATH - 1.82
Long
by UA_CAPITAL
4
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that. SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it. The project is amazing, and it's on SALE! So, I am holding and adding even more @ $5 . Yeah... when people are panicking, I buy. :)))) My Technicals: * Elliott Wave A-B-C Pattern * Double Bottom * Demand Zone * Double Bottom * Fibonacci Retracements The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23. Good luck getting rich! :D
BINANCE:SOLUSDLong
by EW4X
32
Solana (SOL) Price Technical Analysis - Nov, 2024Solana SOL, priced at currently ($256.83) picked up momentum after breaking out of $249 on Nov. 21st and hit a new all-time high above $264 on Nov. 22nd, breaking from the previous high from 2021. The new all-time high is a bullish sign as it shows solid demand for the asset from the bulls. With no overhead resistance above the region now, a new high clears the path for further gains. If buyers maintain the price above $248, the SOL/USDT pair is likely to skyrocket to $300.
Long
by Bitcoin_Benny
1
SOL looks bullish againsol seems to have completed a diametric correction as the g wave is dwarfed another bullish trend is expected to form. By maintaining the green range, it can move towards the targets. Closing a daily candle below the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
NOTHING !!Finally, the Cup&Handle broke .The price can reach the shown targets. That's it. previous analysis 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
8
Solana (SOL): 430% Gain at 10x LeverageSolana (SOL) Trade Overview: Solana (SOL) has delivered an incredible rally on the 4-hour timeframe. Using the Risological Swing Trader , the trade not only hit all predefined targets but exceeded expectations, achieving a 430% gain at 10x leverage. Key Levels: Entry Price: $175.68 Stop Loss (SL): $165.36 Take Profit Targets: TP1: $188.45 ✅ TP2: $209.10 ✅ TP3: $229.75 ✅ TP4: $242.51 ✅ Analysis: The Risological Lines perfectly highlighted a sustained bullish trend. Solana maintained its upward momentum, achieving rapid target hits. The Risological green lines provided a clear path for the trade's continuation, enabling traders to maximize their profits. Outlook: With all targets hit, Solana's trajectory remains strong. Traders may look for additional entries or secure profits as the bullish momentum shows no signs of slowing down. A well-executed trade like this emphasizes the power of Risological indicators for precision trading.
Long
by ProfitsNinja
1
SOLUSDT: Bullish Momentum Building for a Potential All-Time HighSOLUSDT is demonstrating strong bullish potential after bouncing off a key support zone and breaking through a descending trendline. This breakout suggests a shift in momentum, indicating that we could see a significant upward movement in the near future. With the price gaining traction, traders should monitor the market for opportunities to enter positions as SOLUSDT approaches recent resistance levels. To capitalize on this potential uptrend, consider placing entries on confirmed breakouts while managing risk with stop losses below the recent swing low. As bullish indicators align, the prospect of SOLUSDT reaching new all-time highs becomes increasingly likely. Stay vigilant, as this may be the beginning of an exciting phase for SOLUSDT traders! SOLUSDT Currently trading at $146 Buy level: Above $146 Stop loss: Below $135 TP1: $152 TP2: $160 TP3: $175 TP4: $195 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
6