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Solana

Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
Grass ($GRASS) Token Surges 272% Since ListingIn a rapidly evolving market, Grass ($GRASS) has emerged as a standout, rallying 272% since its listing and recently climbing to $3 per token—a 58.84% increase in just 24 hours. This ascent has made it one of the top gainers above $400M market cap today, as it gains momentum both in terms of user adoption and trading volume. With a mission to decentralize web crawling and data-sharing, Grass is positioning itself as a game-changer in the AI data ecosystem. Grass Tokenomics Since its debut, Grass has shown remarkable returns for miners and early adopters, making it an attractive asset for crypto investors. Listed initially at $0.83, GRASS surged to an all-time high of $3.03 today, with the current price only slightly lower, down 1.56% from its peak. Grass now holds a market cap of $729.9 million, placing it at #118 on CoinGecko's rankings. With a 24-hour trading volume of $654.2 million, up 68.8% from the previous day, GRASS’s trading activity is intensifying, reflecting heightened investor interest. A notable statistic is Grass’s fully diluted valuation (FDV), currently at $2.99 billion, which represents the theoretical maximum market cap based on the total potential supply of 1 billion tokens. With 240 million tokens circulating today, the high FDV hints at significant market confidence in Grass’s long-term potential as it grows its user base and technical capabilities. The Vision Behind Grass Grass’s project goal is as ambitious as it is groundbreaking. It aims to create the first open, user-owned, internet-scale web crawl—an endeavor that only two companies have previously accomplished at scale. Grass envisions a decentralized network powered by over 3 million active nodes, where users can share their unused bandwidth in exchange for rewards from verified institutions. This process allows users to contribute to AI data collection while being fairly compensated, addressing a crucial need for accessible, high-quality data for machine learning and AI models. By empowering individuals to participate in data collection and incentivizing their bandwidth contributions, Grass could disrupt traditional web crawling monopolies, democratizing internet data and enabling AI research and applications to thrive on a user-owned foundation. Technical Analysis From a technical perspective, Grass shows signs of continued bullish momentum despite its recent rally. At the time of writing, $GRASS is up 13% and maintains a robust Relative Strength Index (RSI) reading of 71, placing it in overbought territory—a sign of strong buying pressure. This elevated RSI, while suggesting a possibility of consolidation, could indicate that Grass still has upward momentum. On the daily price chart, $GRASS appears to be forming a falling wedge pattern. This formation is typically seen as a bullish continuation pattern, which suggests that if $GRASS breaks out from this structure, it could experience another significant surge in price. Analysts are watching closely for a decisive move, as the breakout could offer traders further opportunities for gains. Where to Trade Grass For those interested in trading $GRASS, it is currently available on multiple major exchanges. Bitget is the most active platform, with the GRASS/USDT pair seeing a trading volume of $104.8 million in the past 24 hours. Other exchanges where GRASS can be traded include Bybit and Gate.io, providing ample liquidity for both new and existing investors. Grass vs. the Market and AI Crypto Sector Grass has outperformed both the broader cryptocurrency market and its AI crypto peers over the past week. With a 7-day price increase of 191.4%, GRASS is far ahead of the general crypto market’s 8.9% gain and even surpasses the 4.3% rise seen among other AI-focused cryptocurrencies. This performance further solidifies GRASS as a high-potential asset within the AI crypto segment, attracting attention for its unique approach to decentralized data gathering. Conclusion Grass’s decentralized, user-owned web crawl is a bold initiative that addresses a critical need in the AI and data industries. By enabling millions of users to contribute unused bandwidth for rewards, Grass is crafting a knowledge graph that could rival those of tech giants. With whales accumulating tokens and trading volume on the rise, investor interest is steadily climbing, supporting Grass’s recent rally and positioning it for future growth. While technical indicators like the RSI and falling wedge pattern suggest potential for near-term gains, the broader vision of Grass points to a longer-term shift in the AI data ecosystem. For investors and crypto enthusiasts alike, $GRASS represents an innovative addition to the blockchain space—one that merges decentralized technology with AI-driven objectives, all while rewarding its community for their contributions.
Long
by DEXWireNews
10
SolanaHi guys on the weekly time frame; If the red downtrend line breaks upwards, we may be ready to complete the flag pattern. But the situation is not interesting here at the moment. If the red support area ($104.5) is completely consumed, we expect a reaction from the area of ​​$188.4 or $160.3, and the possibility of continuing the downward trend to the specified price area is strengthened. If the support area of ​​$104.5 is preserved and the downtrend line is broken upwards, our mentality for an uptrend will be strengthened. What do you think?
Short
by BiTBingo
Solana: Second Wave Has Started – $300 Incoming!New bi-weekly signal confirmed – Targeting $300 as the first TP. Monthly will confirm if it hits $219 this month. If you’re not taking advantage of this with NASDAQ:RAY , $MEW, $POPCAT, I don’t know what you’re buying in crypto. The trades are crystal clear! This trend is expected to expire by July 2025. Not saying it will pump nonstop until then, but just keeping it for reference. One more thing to note: the SOLETH chart is still bullish, but we may see a cool-down by Jan/Feb. There’s a chance Ethereum could start taking the spotlight in Q1. Nothing set in stone until I see the price action by then. It could just be a consolidation phase that takes weeks to form before any further continuation, and CRYPTOCAP:ETH continues doing what it has been doing—absolutely nothing.
Long
by ZelfTrade
WIF COIN LONG OPPORTUNITY - Solana Memecoin WIF is one of the top memecoins on the Solana blockchain. It often shows strong momentum, especially when Solana is moving upwards. Watching WIF can be useful for tracking both Solana’s trend and the memecoin market. Technical Analysis: The price recently ran the daily swing liquidity and tapped into the weekly demand zone, where it faced strong rejection and began an upward move. We also saw rejection near the bearish trendline that has influenced the downward trend over the last few weeks. I’ll be looking for lower time frame confirmations around $2.12, which aligns with the 4-hour demand zone and Fibonacci retracement discount level. Stop Loss: $1.85 Target 1: Bearish trendline Target 2: $2.69 Target 3: $2.96
Long
by UA_CAPITAL
SOLANA more gain Hello and greetings to all the crypto enthusiasts, ✌ The previous analysis I shared with you effectively and accurately hit our Saudi target, providing us with valuable insights. Now, I would like to present a new analysis regarding this stock. As you can see on the chart, I’ve marked the critical points using trendlines this time. These trendlines function similarly to support and resistance levels, helping us better understand potential price movements. 📚💡 In addition to the trendlines, I have identified the most important daily support level, which plays a crucial role in our analysis. It’s important to note that while we may see some short-term candles either ranging or moving downward, indicating possible fluctuations in the price, our main focus remains on the upward trajectory. 📚🎇 The primary target we’re aiming for is still bullish, reaching towards the price point that is clearly indicated on the chart. Monitoring these levels closely will allow us to make informed decisions as we navigate potential market changes. 📚✔ 🧨🧨 Our team's main opinion is The new analysis indicates an upward target for the stock, supported by trendlines and a key daily support level, despite potential short-term fluctuations. 🧨🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
5
Post Election Bitcoin and Crypto Market UpdateThis is a shorter version of my video yesterday, just recapping what I've been seeing and forecasting in these markets. Didn't expect to see the rally to new ATH so quickly. Or the DXY to push up higher at the same time... But here we are breaking and apparently holding new ATH, so I do think we continue to push higher. Even if we get one more sell off, to re-test the ATH as support. Yesterday's pump was part short-squeeze, and part SEED_TVCODER77_ETHBTCDATA:1B in BTC ETF inflows. In this video we look at BTC and SOL, which I believe will lead the next leg of the Bull. Also an interesting speculative study on the Pi Cycle Top, and the idea we could see a double top or dual-cycle in the next 12 months, like we did in 2013. As well as recapping why my targets are $100k (conservative), $150k (base case), and $200k (aggressive) along with confluent targets based on measured moves from the Bull Flag breakout. Let me know what you think, and if I missed anything! Brett
INDEX:BTCUSDLong
by BrettFogle
Can Solana Maintain Its Surging Momentum as US Election Sparks E Solana (SOL), the high-performance blockchain, has surged 17% in the past 24 hours, overtaking BNB Chain in market capitalization. This significant price jump comes as the potential for a more crypto-friendly US administration under a new presidency has ignited hopes for the approval of Bitcoin and Ethereum ETFs in the US. The ETF Effect The approval of crypto ETFs, particularly those tracking Bitcoin and Ethereum, is seen as a major catalyst for the broader cryptocurrency market. By providing a regulated and accessible investment vehicle for traditional investors, ETFs can significantly increase the flow of capital into the crypto space. Solana, as a leading blockchain platform, could indirectly benefit from the increased adoption of cryptocurrencies. A surge in demand for Bitcoin and Ethereum could lead to increased network congestion and higher transaction fees on these chains. As a result, investors may seek alternative, more scalable solutions, such as Solana. Solana's Unique Value Proposition Solana's high-performance blockchain and its ability to process a large number of transactions per second have made it a popular choice for decentralized applications (dApps) and smart contracts. The platform's unique Proof-of-History consensus mechanism ensures fast and efficient transaction processing. Furthermore, Solana's strong developer community and ecosystem have contributed to its growth. A growing number of dApps and projects are being built on the Solana network, attracting new users and investors. Market Sentiment and Technical Analysis The recent price surge in Solana can be attributed to a combination of factors, including: • Improved Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by the potential for a more crypto-friendly US administration, has benefited Solana. • Technical Analysis: A bullish crossover of the 50-day and 200-day moving averages has further strengthened the bullish outlook for SOL. • Increased Institutional Interest: As institutional investors increasingly explore the crypto market, Solana's strong fundamentals and potential for growth have made it an attractive investment option. Potential Challenges and Risks While Solana's future looks promising, it's important to acknowledge the challenges and risks associated with investing in cryptocurrencies. Regulatory uncertainty, market volatility, and the potential for hacking attacks are some of the factors that could impact Solana's price. Conclusion Solana's recent surge highlights the potential impact of a more crypto-friendly US administration on the broader cryptocurrency market. As the regulatory landscape evolves and institutional adoption continues to grow, Solana's unique value proposition and strong developer community position it well for future growth. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
CRYPTOCAP:SOLLong
by bryandowningqln
1
Is Solana the Next Big Crypto to Watch Out For? Solana's Resurgence: A Potential Bounce Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike. A Strong Foundation at $157 The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community. Technical Analysis: Signs of a Bullish Reversal A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal: • Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend. • Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase. • Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market. The Impact of Macroeconomic Factors The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies. However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies. The Future of Solana Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including: • Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users. • Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens. • Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth. • Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement. In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
COINBASE:SOLUSDLong
by bryandowningqln
1
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview: Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend. Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves. Key Levels to Watch: Resistance: $190 (critical breakout point) Targets: $220 (previous high), $275-$280 (extended bullish target) Support: Ascending trendline, below $180. Outlook: A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues. With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up. #Solana #SOL #PriceAction #Bullish #CryptoMarket
COINBASE:SOLUSD
by Richtv_official
1
Will we see a 5th wave for SOL and hit resistance at $210?The SOL/USDT chart suggests a possible 5th wave completion at the $210 level, aligning with the ascending channel’s upper boundary and the 1.618 Fibonacci extension from previous lows. This target is feasible if bullish momentum continues, breaking through intermediate resistance levels around $183 (0.382) and $202 (0.786). The 5th wave is often an impulse wave in Elliott Wave Theory, representing the final push in a trend. For this target to materialize, strong buying pressure and volume will be essential as it approaches resistance zones.
Long
by CryptoFallen
Solana Short Setup even in a Bull-run / Risky but we are tradersBINANCE:SOLUSDT COINBASE:SOLUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 172.35 169.89 167.72 164.76 🔴SL: 182.02 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Short
by CrazyS
ETHEREUM is 1.1 TRILLION DOLLARS less valuable than BITCOINor -78% The flippening was a common narrative. ETH as hard money was also a narrative - in reality only when gas is exorbitant. ETH as a world computer was the early narrative. Bitcoin deserves it entry on to the world stage cycle. ETH can become a 1 Trillion dollar + network. Sharding and splintering of the network effects of the mainet clearly is not value creating. Splitting of communities and economic energy was the result. Solana flippening is a good narrative that we are following this cycle. Coins are the product of these smart contract platforms. At the moment the best coin factory is SOL. BTC is scarce. No coins are allowed to be created on it's. The Bitcoin forks had the stink of a founder, a human attached to it's network ... not what capital allocators. They wanted a autonomous network that runs by itself and ossificatoin of the code. A complicated spaghetti bowl of code that the core dev team refuse to tinker with. The results is clear at this point in time.
CRYPTOCAP:ETHLong
by BallaJi
3
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC At least this conclusion can be drawn from the behavior of the assets in Q2 2024. While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months. So: 1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+ 2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70 (maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...) So, what are your expectations for the #SOLUSDC price by the end of this year?
by P_S_trade
14
$SOL Long Set upsIf We Get A Move Down 50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to. The Plan Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher. Happy Trading & Good Luck.
COINBASE:SOLUSDLong
by BushiTrades
1