Solana
SOL sell/shot setupSOL is creating internal pullback on small time frames.
At the bottom of the candles we have a liquidity pool that is expected to be swept soon.
The targets are marked on the chart
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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Aerodrome Finance is a 25x - 50x Coin From Here#Aerodrome Finance is the central marketplace and liquidity hub for the Base Network, which is #Coinbase's #Ethereum L2 built to bring one billion users on chain. #Base can be regarded as Coinbase's answer to #Solana.
Since Base won't have its own token, many consider Aerodrome Finance, whose founders/creators work closely together with those of #BaseNetwork, to be the next best thing.
Aerodrome Finance has been gaining traction fast lately and has become an onchain volume leader.
Currently, Aerodrome Finance sits at around the 150th place in terms of market cap, which means it's still in its infancy. In fact, the Total Value Locked on SPARKS:AERO is greater than the market cap of the #Aerodrome coin – there is a very valuable lesson in there for those who pay attention.
Aerodrome with the current marketcap of BNB = $132 (205x)
Aerodrome with the ATH marketcap of BNB = $189 (300x)
Aerodrome with the current marketcap of Uniswap = $9 (13x)
Aerodrome with the ATH marketcap of Uniswap = $39 (60x)
Aerodrome with the ATH marketcap of Pancakeswap = $12 (18x)
#AerodromeFinance, which is a real coin with utility and closely linked to Coinbase, currently has a meager marketcap of $0.3 billion. In comparison, a meme coin like CRYPTOCAP:PEPE currently has a marketcap of over $3 billion - 10x that of #AEROUSD!
I personally believe AERO is a solid choice and may become one of this bull cycle's biggest winners. It's potentially a 25x to 50x coin from the current price.
Once altcoins start running again, I expect this coin to do a quick 10 - 15x before the next significant correction.
Solana Likely To Test The Low $100 Area - Great Long OpportunityDespite greatly outperforming most of the crypto market recently and getting a higher high, Solana obviously couldn't avoid the global selloff that has been happening across all markets for the past week. The sell pressure might force Solana to a lower low in the $100-110 region, maybe even wick below $100 as stop losses get hunted and people get liquidated.
There are several factors that make me believe this could be the bottom of the range we've been trading at for many months, and we'll be heading to new highs starting around September/October.
The low $100 area has previously shown to have high liquidity, and has a positive volume delta since the low of January, indicating there's more buying than selling interest at that price.
There's also the October anchored VWAP which has now reached $108. The upper 0.5 standard deviation band has acted as a support level for pretty much every dip so far this year, but we could see a test of the VWAP now that it has risen close to the local trading range.
The Fib extension using the pivot highs and low of the trading range gives us the 1 level at $107, aligning with the VWAP.
The ideal entry points which I'm looking for are $107.5, $102.5 and $97.5, as there's a high chance that there will be a lot of stops around these prices.
Also be aware that there might be a double bottom first before price goes up again, which is often the case for major trend reversals, and has been for Solana's previous 2 dips. These usually also have a bullish RSI divergence which is good to keep an eye out for.
Profit targets for this trade shorter term could be around like $180-$200, longer term would be at some future new ATHs, which might be around some of the Fib levels in the previous chart I published.
Solana (SOL) Long-Term Investment AnalysisAs of the latest data, Solana (SOL) is trading at $179.07, having experienced a 3.49% increase over the last day. This places SOL in a dynamic position within the top five cryptocurrencies by market cap, currently valued at approximately $83 billion.
Technical Analysis
1. Price Trends and Resistance Levels:
• All-Time High (ATH): SOL’s ATH stands at $260. This level represents a significant resistance point as it’s the highest price SOL has ever reached.
• Dynamic Resistance: The downward sloping red trendline indicates a dynamic resistance level, currently positioned just below the ATH, at around $240. This line has historically acted as a barrier to upward price movements.
• Local Resistance: There is another resistance level marked around the $180 range, where SOL is currently hovering. Breaking through this level decisively could signal further upward momentum.
2. Support Levels:
• Dynamic Support: A green upward sloping trendline suggests a dynamic support level that has been tested multiple times, currently around $120. This line indicates a rising support base for SOL, suggesting a bullish trend over the longer term.
3. Technical Indicators:
• The trading volume is 2.209 million SOL, which shows active trading interest and liquidity.
• With %K at 88.10 and %D at 84.06, the stochastic oscillator is in the overbought territory, indicating potential short-term pullback or consolidation before any further upward movement.
• The RSI stands at 64.01, suggesting that SOL is approaching overbought conditions but still has room for growth.
• The MACD line (9.18) is above the signal line (5.90), with a positive histogram value (3.29), indicating bullish momentum.
Fundamental Analysis
1. Market Position and Adoption:
Solana has gained significant traction due to its high throughput, low transaction costs, and strong ecosystem growth. It is now recognized as a major player in the DeFi, NFT, and Web3 spaces. Recent developments and partnerships continue to bolster its fundamental strength.
2. Technological Advancements:
Solana’s unique consensus mechanism, Proof of History (PoH), combined with Proof of Stake (PoS), offers scalability solutions that rival those of other major blockchains like Ethereum. This technological edge contributes to its long-term growth potential.
3. Ecosystem Growth:
The Solana ecosystem has seen exponential growth in terms of dApps, DeFi projects, and NFT marketplaces. The continued influx of developers and projects onto the Solana platform supports its sustainable growth trajectory.
Market Sentiment
Overall market sentiment for SOL remains bullish. Analysts and investors are optimistic about its long-term potential due to its technological advantages and growing ecosystem. However, caution is advised due to the overbought conditions indicated by the stochastic oscillator and RSI.
Potential Market Scenarios
Bullish Scenario:
• If SOL breaks above the local resistance at $180 decisively, it could target the dynamic resistance around $240 next.
• A sustained move above $240 could open the path toward retesting the ATH of $260 and potentially beyond.
Bearish Scenario:
• Failure to maintain the $180 level could lead to a pullback towards the dynamic support around $120.
• Breaking below $120 would be a bearish signal, potentially leading to further declines towards lower support levels.
When to Buy Solana (SOL) for Long-Term Investment
Current Situation:
Given SOL’s current price at $179.07 and the technical indicators suggesting overbought conditions, a cautious approach is warranted.
Optimal Buying Strategy:
1. Wait for a Pullback: Considering the overbought stochastic oscillator and RSI, waiting for a pullback towards the $150-$160 range could offer a better entry point. This range has shown to be a recent consolidation area and might present a more favorable risk-reward ratio.
2. Dynamic Support Level: If the price drops further, the dynamic support around $120 is a strong level to consider for long-term investment. Historically, SOL has found significant buying interest at this level, making it a safer entry point.
3. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
Solana (SOL) is currently positioned in a strong uptrend with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the long-term outlook remains positive due to strong fundamentals and ecosystem growth.
Impact of Bitcoin’s Movement:
It’s crucial to note that Bitcoin (BTC) is currently at a critical juncture. If Bitcoin fails to surpass its all-time high (ATH) and experiences a significant drop, it could have a ripple effect on the broader cryptocurrency market, including Solana. In such a scenario, SOL could also face downward pressure, making it vital to monitor Bitcoin’s price action closely.
Short-term Potential ScenariosOn the 1-hour chart, Solana shows that it is at a support level of $142, which acts as a valid support. This area could be where buyers step in and push the price towards higher levels.
Potential Scenarios:
Maintaining Support and Moving to Higher Levels:
If SOL can maintain the $142 support and then stabilize above the downward trend and the $148 level, this movement could lead to a continuation of the upward trend, reaching targets of $152 and $160. These levels act as potential resistances, and breaking through them could signal further strengthening of the bullish trend.
Breaking Support and Price Reversal:
If the price fails to hold the $142 support, there is a possibility of a return to lower support levels. In this scenario, traders should carefully observe the market’s reaction to these levels to make better decisions.
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Aug 14Overview:
The market is currently at a stalemate, which isn’t surprising after last week’s 15% crash. Since 2009, CRYPTOCAP:BTC has only experienced a drop of more than 15% around 10 to 15 times. We’re receiving contradictory macroeconomic news: on one hand, predictions of a long-awaited recession in the U.S. are surfacing, with major corporations reporting diminishing returns and U.S. consumers already feeling the pinch, as grocery prices have jumped by 50-70%. On the other hand, Lord Jerome reports the year-over-year CPI at 2.9%, lower than the expected 3.0%.
BTC ETF flows reported $81 million in selling, indicating that ETF investors aren't interested in BTC at 58.5k. However, just two days earlier, there was a positive flow totaling $66 million.
Demand for NYSE:SUI via Grayscale has stalled, with a 20% decline from recent highs in the last two days, although it's still up 44% since the August 8th news. GETTEX:TAO , on the other hand, has only seen about one-sixth of that demand, rising just 7% to date. Is this the cost of not being listed on Coinbase?
Alts Relative to BTC:
No divergence observed. CRYPTOCAP:ETH , CRYPTOCAP:SOL , and AMEX:NEAR mirrored BTC’s correction of 5.22%, each declining by 6-7%.
Bull Case:
The S&P 500 continues to climb, nearing previous levels (only 3.81% away from its all-time high after a 9.44% drop). Jobless claims numbers came in lower than expected, signaling improving economic conditions and possibly taking a recession off the table. Global liquidity has stabilized over the last three days.
Bear Case:
None of the above factors support risky asset prices, and BTC loses its ETF demand support, potentially plummeting to 41.2-43.8k.
Fear and Greed Index:
42.9, decreasing and edging toward Fear territory—where long red candles and even longer wicks reside.
W:
Mid-range, in accumulation territory, curving downward. While last week’s crash candle ended green, this week has shown a lower high and may close below the opening, potentially turning red. Only 3.54% separates us from the weekly support level, which could be tested in the next four days. No divergence.
D:
On August 14th, BTC touched the BB MA and bounced down, closing in red and re-entering the previously established $60.2k - $58.2k daily range. However, on the 15th, it already broke out of that range and may close outside of it. If the 15th closes in red, this week could be in trouble, opening the door to a drop toward 56k.
4h:
After rejecting 61.7k, BTC crashed through the BB MA. This -5.5% correction was accompanied by a significant MACD divergence. To continue the existing trend, a bounce back up with bullish demand was needed, but no buyers stepped in, and the next 12 hours saw continued decline, currently trading slightly below the 58.2k daily level.
1h:
A red candle at 2am on August 15th showed a dangerous increase in volume compared to the previous two red candles. With U.S. bulls sleeping, there may be no support at this level, risking a free fall.
Prediction:
With the lack of support from Asian bulls, we are likely to fall below 58k, and only unexpectedly positive news from Jerome Powell might keep BTC within the daily range, above 58k.
Opportunities:
CRYPTOCAP:SOL : Dropped below the weekly support level of $146.3 and seems to be declining, solidifying it as a new resistance. Opportunity to short to $130 (7.94%).
AMEX:NEAR : Retreated from the weekly level of $4.39 and is on its way to $3.3 (19%).
NYSE:SUI : Rejected the weekly level of $1, with the next stop at $0.8 (-10%), which coincides with the BTC ETF demand level.
AMEX:APT : Rejected the weekly level.
NYSE:AR : Holding on by a thread above a 58% abyss to the BTC ETF level, with no intermediate stops.
NYSE:ENS : Expected to mirror ETH's performance, potentially doubling whatever CRYPTOCAP:ETH does.
Mistakes:
Yesterday’s 4h BTC divergence became apparent at noon (UTC-4, NY time) after a red candle appeared. As of now, at least 2.40% could have been captured.
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SOL/USDT Analysis🔍 SOL/USDT Analysis: Strategic Dates and Long-Term Prospects 🌟
The SOL/USDT chart highlights crucial upcoming dates and long-term price targets:
September 23, 2024, December 16, 2024 - Green Lines: These dates indicate potential local lows, presenting ideal opportunities to accumulate SOL or enter long positions. Traders should consider these dates as key moments for building or adding to positions.
February 10, 2025 - Red Line: This date could signal a local peak, offering an opportunity to take profits or reassess positions before a potential market correction.
March 16, 2026 - Green Line: A significant long-term low is expected around this date, marking a prime opportunity to increase holdings for the next major market cycle.
By aligning your strategy with these dates, you can better position yourself for the future of SOL and maximize your potential returns.
#SOL #Solana #CryptoTrading #Cryptocurrency #MarketAnalysis #Altcoins #SOLUSDT
SUI the next SOL?Today, SUI is stirring Crypto Twitter, the most talked-about token.
On the daily, SUI has reached its resistance so we can expect a slight cooldown from this level
On the 4-hour timeframe, it's starting to look very interesting as 4hema50 already crossed above 4hema200
$1 is proved to be a strong resistance (psychological number) , however, would view 0.90 to 0.86 area as good area to bid (poc)
However, we can also deviate to .82 to .80 taking those excess (poor lows & single prints)
Token unlocks coming in 19 days, 26% of the total supply is currently circulating. Still 74% of the supply still has to come to market. Let's see how this event will affect the price.
Exciting to see all the buzz and potential developments for SUI Network!
Helium Mobile Lags Behind Helium, 210% Just To Catch-UpHelium SEED_DONKEYDAN_MARKET_CAP:MOBILE is $SOLANA's leading #DePIN cryptocurrency and closely related to FWB:HNT (Helium).
When we look at the chart for both coins, we can see that Mobile was closely correlated with HNT price. Sometimes it lagged behind, sometimes it was leading – and often, it outperformed Helium (because Helium is a Solana beta play, and Mobile is a beta play of Helium).
I have looked at the market cap for both coins (Mobile and Helium). In the last year, Mobile's marketcap was, at different moments, approxamitely 38% to 50% of Helium's marketcap.
Currently, Mobile's marketcap is less than 10% of Helium's marketcap, which can be seen as a stealth, hidden gem crypto opportunity.
If you missed out on FWB:HNT price surge, getting into SEED_DONKEYDAN_MARKET_CAP:MOBILE right now is probably not a bad idea, since it needs to rise 210% just to catch-up with $HNT. And as mentioned before, it often outperformed Helium in the past.
Looking at the chart, it's possible SEED_DONKEYDAN_MARKET_CAP:MOBILE made a double-bottom. The weekly SEED_DONKEYDAN_MARKET_CAP:MOBILE chart shows the first higher low in a year.
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course.
Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Memecoin Idea $GIGAWith Altcoins providing poor performance and memecoins stealing the overarching narrative of the cycle, I am betting that the Gigachad memecoin is the best r/r at the moment:
It is completely organic and free of any overhanging supply
It is arguably the most famous and influential meme of all time
The real Gigachad himself (Ernest Khalimov) has endorsed this coin along with other famous celebrities such as Mike O'hearn & Paulo Costa (UFC)
It is yet to be listed on any notable exchanges so many bullish catalysts on the way.
Price discovery first and if CRYPTOCAP:BTC CRYPTOCAP:ETH and CRYPTOCAP:SOL keep pumping alongside GETTEX:PEPE then I think this goes parabolic and a clean 10x from here is in the cards
SOLANA levels to watchSolana has been the best-looking chart, however we need to clear the overhead supply at $150
Price is currently retesting the VWAP line
Failure to get above $145, then potentially a leg down toward POC is very likely.
Will have to see how $130 holds, if we can get at least a temporary bounce retesting $150
However, I'm still anticipating a retest around $120 to $118 if price get rejected at $150
SOLANA (Crypto SOL-USD) SELL TF D1 TP = 45.45On the D1 chart the trend started on April 04 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 45.45
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
ALTCOINS that may Actually HAVE A FUTURE Beyond 2024I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉 1) Bitcoin COINBASE:BTCUSD
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum COINBASE:ETHUSD
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana BINANCE:SOLUSDT
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉 4) Dogecoin CRYPTOCAP:DOGE
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet .
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it) BINANCE:SHIBUSDT
2) XRP (because many can't let go) BINANCE:XRPUSDT
3) Cardano (because it has a cult following) BINANCE:ADAUSDT
4) BNB (Binance supporters maybe?) CRYPTOCAP:BNB
5) Chainlink (because oddly enough it's survived for this long) BINANCE:LINKUSDT
6) Kaspa (potentially a revolutionary alt) MEXC:KASUSDT
7) Render (potentially an ai winner) BINANCEUS:RNDRUSDT
8) Monero (still the best privacy coin) KRAKEN:XMRUSD
9) Sei (potentially a revolutionary alt) BINANCE:SEIUSDT
10) Aave (still the best for borrowing and lending) COINBASE:AAVEUSD
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
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ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
Solana and point of interestSolana crashed just based on FTX potential sell of
FTX assets worth $3 billion. Many took this to mean that if they are approved for liquidation
1. Even if they approve, they will sell their assets in small parts once a week. 200millions worth not all 3b in one day!
2. If approved, then most likely transactions can go through the OTS, without much impact on the order books on exchanges
If you take a look on this PA you can see order flow (red)
We leave POI now this poi at -0.618 level local fib and this correction can be enough to mitigate market makers position.
We leave EQ highs and top target with liquidity
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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