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Solana

ADA Surges Amid Rumors of Hoskinson-Trump PartnershipIn his latest YouTube live stream, Charles Hoskinson, the founder of Cardano, announced plans to establish an office dedicated to engaging with government authorities, strengthening Cardano’s strategic position in the global regulatory landscape. This initiative underscores Cardano's commitment to aligning with market trends and regulatory requirements, positioning the ecosystem for greater institutional adoption. Hoskinson revealed that his team is in contact with key political and regulatory figures, indicating that Cardano is strategically poised to benefit from regulatory advancements and new opportunities in the global cryptocurrency market. This move aims to ensure that the blockchain remains not only competitive but also a leader in compliance and innovation. With this enhanced focus on regulation and the network's ongoing technological advancements, such as the growth of its DeFi ecosystem and increasing interoperability, ADA has a realistic potential to reach $8 in the near future. Analysts highlight that, supported by Cardano’s solid fundamentals and strong community backing, the project is well-positioned for substantial growth, especially in a more defined regulatory environment. This new phase cements Cardano as one of the top contenders in the crypto market, offering significant opportunities for investors looking to capitalize on its upward trajectory. BINANCE:SOLUSDT COINBASE:BTCUSD BINANCE:BTCUSD
Long
by SophiaAnderson
1
Solana’s uptrend strengthens, but investors’ moves raise doubtsSolana (SOL) price has seen a remarkable 40% surge in recent weeks, climbing to $210. Despite this bullish uptrend, SOL is encountering challenges at the $221 resistance level, which could signal a potential reversal.  Investor activity on the Solana network suggests the momentum might face hurdles in sustaining further gains.   Transaction activity on the Solana network has increased significantly during the recent price rally. The network recently hit a yearly high in transaction count, highlighting growing interest among participants. However, this increase falls short of expectations, given the current hype surrounding Solana ETFs and broader market bullishness.   This moderate network activity raises concerns about the sustainability of the rally. If Solana fails to attract more significant user engagement, its price momentum might falter, especially as broader market cues begin to stabilize.   Solana’s macro momentum remains strong, supported by technical indicators. The Average Directional Index (ADX) is at 32, well above the 25.0 threshold, confirming a strong uptrend.  Solana is currently trading at $210, holding steady above its support level of $201. Despite the recent rally, the “Ethereum killer” is struggling to break past the $221 resistance level, which remains a significant barrier to reaching $245.   The mixed sentiment indicates that SOL may consolidate between $201 and $221 until a clearer directional trend emerges. This range-bound movement could dominate the short-term outlook unless broader market conditions shift dramatically.   However, if investors opt for profit-taking, Solana could see a decline below the $201 support level. Such a drawdown would invalidate the current bullish-neutral outlook, potentially sending SOL to $186, marking a significant setback for the altcoin’s rally.  
by paul_endeo
Solana (SOL) - Crucial Key LevelsExpect a short term pullpack for Solana due to Bitcoin dominance in the market. SOl will hold major support around: $174. In addition, the price action will range between= $189 - $203 will likely see a consildation. However, if a weekly candle closes above: $215 by Monday 12AM; Solana could create momentum to push a correction to the upside. Allow the price to head for a target of "$247" EST. Long term Solana still remains bullish and positive, SOL has also had a daily candle close above a major previous Resistance level dating back since 2021 bull run cycle. ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Short
by Bitcoin_Benny
Solana Breaks Revenue RecordsIn the latest crypto market moves, Solana ( CRYPTOCAP:SOL ) has shown impressive performance, setting a new record in daily revenue and solidifying its position as a major contender in the blockchain ecosystem. Its daily revenue hit a remarkable $3.8 million, with users paying over $7.6 million in transaction fees, bringing the platform’s all-time fees to a substantial $521.54 million. This achievement not only demonstrates Solana’s scalability and rising adoption but also reinforces its appeal to both developers and users as an efficient, high-performance network. As Ethereum, a long-standing blockchain leader, recorded $16.45 million in earnings, Solana's recent growth brings it closer to Ethereum's dominance. Fundamental Analysis Fundamentally, Solana’s growth trajectory is fueled by its rapid transaction speeds and cost-effective structure, which has made it one of the most attractive platforms for decentralized applications (dApps), gaming, and decentralized finance (DeFi) protocols. Unlike Ethereum, which faces congestion and high gas fees during peak usage, Solana can handle up to 65,000 transactions per second, all at minimal costs. This efficiency is a primary reason why transaction fees on Solana have skyrocketed to $7.6 million per day, reflecting growing adoption and user reliance on its network. The consistent revenue generated by Solana underscores the platform's viability as a sustainable blockchain model. Its growth could also be attributed to various improvements and upgrades, including increased security and enhanced interoperability with other blockchains. As the platform matures, it’s not surprising that Solana's overall market outlook has garnered a positive sentiment from the community and investors alike. Technical Analysis From a technical perspective, Solana’s recent performance has been noteworthy. At the time of writing, CRYPTOCAP:SOL is trading up by 0.67%, holding firmly above the psychological $200 level, a threshold that has strengthened its market position. The Relative Strength Index (RSI) currently stands at 70, signaling an overbought condition, yet this does not deter CRYPTOCAP:SOL ’s upward momentum. Since breaking out of an enclosed rectangular pattern—a sign of consolidation—Solana has maintained a solid support base at $200, suggesting investor confidence and reinforcing bullish sentiment. The chart shows a strong uptrend, and given the sustained momentum, Solana is positioned to potentially reach the $500 mark in the medium term. While this target may appear ambitious, Solana’s continued revenue growth, high adoption rate, and technical resilience provide it with a robust foundation. Key indicators, including moving averages, support levels, and volume, show favorable signals, with minimal resistance levels anticipated until the $250 mark. Conclusion With a record-breaking revenue stream and a resilient technical setup, Solana is establishing itself as a leading force in the blockchain sector. Its ability to outpace Ethereum in certain performance aspects underscores the increasing demand for scalable and efficient blockchain solutions. For investors, Solana’s combination of strong fundamentals and technical promise make it an attractive buy, with $500 as a plausible price target in the near future.
COINBASE:SOLUSD
by DEXWireNews
Is SUI the chosen Blockchain of the Banana ZoneThere is a well-defined inverse head and shoulders pattern forming on the CRYPTOCAP:SUI to CRYPTOCAP:SOL USD ratio chart. The neckline sits at 0.16, a level we recently touched and then pulled back from, marking it as a significant barrier to overcome. Our linear target is set at 0.0282, indicating a notable potential increase of +83% on the ratio. Looking further ahead, the logarithmic projection reaches up to 0.064. At that stage, we can imagine our friend Raoul Pal celebrating in triumph.
COINBASE:SUIUSDLong
by BallaJi
2
Solana (SOL) - Bullish Breakout!!!Solana has created a bullish flag pattern on the chart. This bullish flag pattern indicates that a breakout is imminent. My analysis identifies a key price target of the first at $308. The chart shown indicates a bullish flag pattern, which is a technical signal suggesting that an uptrend will continue after a period of consolidation. The flagpole represents a prior rapid price increase, while in the meantime a slight pullback is expected leading us in the horizontal consolidation phase. During this phase a brief pause with multiple attempts to break the ATH major resistance before the next upward movement creating a new All-Time High. 🟢Support= $174 🔴Major Key Resistance= $259 🌟Target= $308🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Long
by Bitcoin_Benny
WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently. 🔸Strong gains previously in September/Octber, right now re-accumulation in progress so expecting more gains in this market in November 2024. 🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:WIFUSDLong
by ProjectSyndicate
11
Solana SOL - Game Is Almost OverHello, Skyrexians! Today it's time for BINANCE:SOLUSDT - the best and the most hated asset in the crypto market in 2024. The reason of the huge rally, while other altcoins are dumping is the lack of holders. Anyway, every growth will be finished at any moment and now it looks like Solana is about to show us the final pump before the new bear market. Let's take a look at the weekly time frame. Bull market has been started in 2023 with the wave 1. After that price formed flat correction in wave 2 and there impulsive wave 3 reached $200. You can see our new indicator Fractal Trend Detector showing when the massive wave 3 has been started. Green candles means the uptrend. When you see the green dynamic support zone under the price, it means that strong bull market is in progress. Wave 3 has been supported by this zone. After that price showed corrective wave C which reached exactly 0.5 Fibonacci retracement, like Bitcoin did. Now the price is in wave 5. Candles are green and the green zone has been printed already under the last candle. It means that this uptrend is not local, this is the impulsive wave 5. This wave has the wide target zone between $243 and $330. Inside this zone we have to be careful and wait for the divergence with Awesome Oscillator and bearish reversal bar to not miss the reversal. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
6
Can Moo Deng ($MOODENG) Hit $1?Meet Moo Deng, the pygmy hippo that took the internet by storm. Residing at Thailand’s Khao Kheow Open Zoo, Moo Deng gained global fame for her chubby charm and energetic playfulness, becoming a viral sensation in 2024. Her legacy has now extended to the Solana blockchain, where she lives on as a cryptocurrency icon under the ticker MOODENG, providing fans and investors alike with a unique way to engage with her story. Where to Buy Moo Deng (MOODENG) For those interested in joining the Moo Deng community, MOODENG tokens are available on several centralized exchanges, including LBank, which leads trading activity with a 24-hour trading volume of over $21 million. Additional trading options are available on Bitget and Gate.io, offering users flexibility and accessibility. Technical Analysis Moo Deng’s price has seen notable volatility and opportunity, characteristic of many meme-inspired tokens. Currently, MOODENG is trading around $0.3128, a 17% decline from recent highs, positioning it within a bearish reversal channel. This technical setup suggests a potential dip towards $0.18, a critical support level and former resistance point from November 18. This support level could serve as a key buy zone for investors looking to capitalize on a price reversal. Furthermore, $MOODENG’s price has recently completed a falling wedge pattern, a formation often signaling an eventual price recovery. Despite the near-term bearish sentiment, the token is trading along key moving averages, indicating resilience amidst market fluctuations. Why Moo Deng Holds Market Promise While meme tokens are known for rapid price fluctuations, $MOODENG’s performance over the past week highlights its market potential. Recording a 101.8% price increase in the last 7 days, it has outperformed the global cryptocurrency market, which rose 14.6%, and even surpassed the performance of similar meme tokens up 73.4%. The robust trading volume, which reached $135 million in the last 24 hours, underscores strong investor interest in $MOODENG, with a live market cap of approximately $309 million ranking it #225 on CoinMarketCap. Beyond trading volumes, Moo Deng’s fundamental appeal ties into the broader market environment. As the crypto world anticipates Elon Musk’s "DOGE agenda" and potential political influences like Donald Trump’s public support for digital assets, meme coins are regaining attention. Additionally, the upcoming Consumer Price Index (CPI) data release adds another layer of potential market movement, as inflation data could drive overall market momentum. The Path Ahead for $MOODENG Despite short-term headwinds, Moo Deng’s potential for reaching $1 remains feasible given market sentiment and the popularity of the meme token segment. For investors tracking both the technical patterns and broader market fundamentals, $MOODENG presents a compelling case, particularly if it respects the critical support level at $0.18. As crypto interest accelerates, Moo Deng may continue her rise, both as a beloved internet figure and a promising digital asset.
MLong
by DEXWireNews
Is a SOL Solana Pullback and Buy Opportunity on the Horizon?👀👉 SOL has recently demonstrated strong bullish momentum, but could it be reaching an overextended zone? This chart highlights a potential pullback at a key support level, which may offer an ideal entry opportunity. I’m watching this area closely for a possible buy setup that meets the essential criteria covered in the video. In this analysis, we’ll explore key price action signals and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊
by fxtraderanthony
3
Is Solana the New Bitcoin? Exploring its Stellar Rise Is Solana the New Bitcoin? Exploring its Stellar Rise in the Post-Election Rally Solana (SOL), a high-performance blockchain platform, has been making waves in the cryptocurrency market, surging past the $200 mark and outpacing even Bitcoin's recent gains. This significant price appreciation comes amidst a broader post-election market rally, fueled by optimism about the regulatory landscape and increasing institutional adoption. The Solana Surge: A Closer Look Solana's price has skyrocketed over the past week, gaining an impressive 36%. This rapid ascent has caught the attention of both retail and institutional investors, as the platform's unique features and growing ecosystem continue to attract interest. Key Factors Driving Solana's Rally: 1. Post-Election Market Optimism: The recent U.S. elections have injected a sense of optimism into the cryptocurrency market. Investors are hopeful for a more favorable regulatory environment, which could lead to increased institutional adoption and mainstream acceptance of cryptocurrencies. 2. Anticipation of Spot Solana ETFs: The potential approval of spot Solana ETFs could significantly boost the demand for SOL tokens. As more institutional investors gain exposure to Solana through ETFs, the token's price could experience further upward pressure. 3. Strong Network Performance and Ecosystem Growth: Solana's high-performance blockchain and rapidly growing ecosystem of decentralized applications (dApps) have attracted developers and users alike. The platform's ability to handle a high volume of transactions at low cost has made it a popular choice for various use cases, from DeFi to NFTs. 4. Institutional Adoption: Several institutional investors have shown interest in Solana, recognizing its potential to disrupt traditional financial systems. As more institutions allocate capital to Solana-based projects, the demand for SOL tokens is likely to increase. The Potential for Further Upside: A $600 Target A recent survey conducted by MV Global suggests that Solana's price could reach $600 during the current bull cycle. This optimistic forecast is based on several factors, including: • Strong Fundamentals: Solana's robust technology, scalability, and growing ecosystem provide a solid foundation for long-term growth. • Institutional Interest: As more institutional investors discover the benefits of Solana, the demand for SOL tokens is expected to rise. • Favorable Regulatory Environment: A supportive regulatory framework could unlock significant institutional capital and accelerate the adoption of cryptocurrencies, including Solana. • Market Sentiment: Positive market sentiment, fueled by technological advancements and economic recovery, could further propel Solana's price upwards. Conclusion Solana's recent surge to over $200 is a testament to its growing popularity and strong fundamentals. The platform's high-performance blockchain, thriving ecosystem, and increasing institutional adoption have positioned it as a major player in the cryptocurrency market. As the industry continues to mature and regulatory clarity emerges, Solana has the potential to deliver significant returns to investors. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
COINBASE:SOLUSD
by bryandowningqln
Solana Targeting All-Time Highs – SOLANA SWING LONGSolana has hit all the targets I shared here weeks ago! I hope you took some profits. We've reached the third and final target—the March 2024 high. Now, it looks like we're retracing back into the weekly demand zone. I expect a potential bounce from the top of this zone, which aligns with the Fibonacci retracement. From there, we could see price movement toward new all-time highs. I’ll be watching for lower-time-frame confirmations to enter the trade. Price could wick all the way into the weekly demand and fail to close below, especially if Bitcoin drops impulsively. So, look for confirmations first. Stop Loss: 153 Target 1: 225 Target 2: 260
Long
by UA_CAPITAL
1
Start of trading: When the candle is a bearish candle (Title) Start of trading: When the candle on the 1D chart is a bearish candle -------------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (SOLUSDT 1M chart) The point to watch is whether the ATH can be renewed. - (1W chart) To do that, the key is whether the uptrend can be maintained above 202.45. If it falls below 202.45, you need to check whether it can be supported around 147.74-168.41. - (1D chart) It has not yet updated the ATH, but it is located in a section where there is no support or resistance point to respond to. Therefore, it is not easy to trade in this section. Therefore, when the candle of the 1D chart is a downward candle, you have no choice but to check the support on the 1h chart and trade. - (1h chart) The names of indicators that should be considered important on the time frame chart below the 1D chart are displayed. When the candle of the 1D chart is a downward candle, you can trade depending on whether there is support near BW(100) and BW(0) on the 1h chart (you can use the chart you usually see and trade). When trading spot, it is recommended to buy when the BW(100) and BW(0) indicators break upward, if possible. ----------------------------------------------- As the price rises, you start to feel anxious. If you feel like you are the only one making little profit and you start to feel like you have to buy now, it means that the coin market is approaching its peak. What do you think? When the spot market is rising, the number of transactions decreases. Otherwise, if the number of transactions is increasing, I think it is likely that you are in a state of FOMO. Therefore, you need to make an effort to find peace again. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. It is expected to touch 81K-95K in the next bull market. #BTCUSD 12M 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 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout: Click chart above to see the detailed analysis👆🏻 After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout. Levels to watch: $120, $210 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
10
Solana’s Bullish Surge: $220 High Signals Potential for New ATH Solana’s ( CRYPTOCAP:SOL ) recent performance has been explosive, breaking past $220 for the first time this year and setting the stage for potentially higher targets. Driving this bullish momentum is a unique blend of technical and fundamental factors, particularly the growing appeal of meme coins on the Solana network and robust market sentiment. Pump Fun’s Significant Sell-Off Meme coin launchpad Pump Fun has offloaded 43,000 SOL tokens (valued at $9.46 million) as the price hit $220, adding to its cumulative 793,243 SOL sold. Despite this, Pump Fun still retains 220,865 SOL, indicating that this liquidity event may be strategic rather than indicative of bearish sentiment. Meme Coin Frenzy Boosts Solana Ecosystem The recent meme coin craze on Solana, with tokens like ACT and PNUT surging 1,300% and 250% respectively, has bolstered SOL’s appeal. This trend has even driven Solana’s DEX trading volume above Ethereum’s for the sixth consecutive week. With $160 million bridged into the ecosystem in the past week alone, this influx of capital underscores the growing interest in Solana-based DeFi and meme coin trading. DeFiLlama data shows that Solana’s DEX volume hit $17.484 billion, surpassing Ethereum’s $14.97 billion. Technical Analysis Technically, Solana’s breakout above the $210 resistance, now turned support, is significant. The token is trading within a breakout channel and is up by 5.54% in the last 24 hours. This breakout has set sights on the $235.5 resistance level, followed by its previous ATH of $260.06. Altcoin Sherpa, a well-regarded analyst, even predicts that a breach of this ATH could push SOL towards $290, with speculative targets as high as $1,000 within the current market cycle. If SOL maintains support around $210 and the $199–$195 range, this area could act as a launchpad for continued upward movement. However, if buyers fail to hold this level, SOL may see a correction toward $183–$172 before another rally. Market Sentiment and Broader Crypto Landscape The bullish momentum for SOL is part of a larger upward trend across the crypto market, with SOL benefiting from both the favorable macro environment and its distinct ecosystem growth. The meme coin popularity on Solana, coupled with strong DEX volumes and increasing DeFi activity, adds to the long-term potential of the network as a primary hub for high-volume, user-driven activity. Conclusion Solana’s rise to $220 represents not only a technical milestone but also a testament to the network’s expanding ecosystem, especially within the meme coin and DeFi sectors. With strong support from both fundamental and technical indicators, SOL’s trajectory suggests that reaching its ATH of $260 is feasible, with even higher targets on the horizon. As SOL continues to capitalize on its position within a bullish crypto landscape, market participants should keep an eye on key support and resistance levels, potential corrections, and the broader sentiment driven by meme coin activity.
COINBASE:SOLUSDLong
by DEXWireNews