SOLANA double bottomed on 1day MA200. Target $400.Solana / SOLUSD is trading inside a Channel Up since the July 29th 2024 high.
The price hit today the 1day MA200 for the 2nd time since January 13th and instantly rebounded.
Technically this makes it a Double Bottom formation and took place right at the bottom of the Channel Up.
The pattern is very similar with the Megaphone of May-August 2024 that was followed by a strong uptrend, the bullish wave of the Channel Up.
Their 1day RSI patterns are identical.
Buy and aim for a +140% rise from the bottom. Target 400.
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Solana
SOLUSDT - Buy with every dipBINANCE:SOLUSDT One of the strongest assets in the market and among the least affected by the recent downturn.
I highly recommend this coin for anyone looking to invest in crypto for the long term.
It’s a core asset in the market, with many projects built on its network, and currently ranks 5th by market cap, sitting at approximately $100.84B.
On the 3-day timeframe, the coin has formed an ascending channel, with price action strongly respecting the lower boundary of the pattern.
Price projection is shown on the chart, and I expect this outlined structure to play out in the coming weeks.
Best regards Ceciliones🎯
$TRUMP Coin Tanks 80% from All-Time High – What's Next?Market Overview
The $TRUMP coin, a Solana-based meme token inspired by former President Donald Trump, has seen a dramatic decline, shedding nearly 80% of its value from its $75.35 ATH recorded on January 19, 2025. The coin, which launched on January 18, 2025, skyrocketed overnight, attracting traders eager to capitalize on its meteoric rise. However, a lack of development and utility has raised concerns, leading to a rapid sell-off.
Technical Analysis
As of the time of writing, $TRUMP is trading at $17.75, marking a 17% decline in 24 hours. The Relative Strength Index (RSI) stands at 31, signaling oversold conditions. While this hints at a potential buying opportunity, the coin remains highly volatile.
Key Technical Levels:
- Immediate support: $17.00 (psychological support)
- Major support: $15.00 (next critical level in case of further decline)
- Resistance: $25.00 (short-term bounce potential)
- Bullish breakout: A reversal above $30 could reignite bullish momentum
With major exchanges like Binance, Coinbase, and Kraken listing $TRUMP, the coin remains highly liquid, but whether it can reclaim its previous highs remains uncertain.
Fundamental Analysis
Despite its steep decline, $TRUMP maintains a market cap of $3.55 billion, securing a CoinMarketCap ranking of #34. It has a circulating supply of 200 million tokens with a max supply of nearly 1 billion, which could lead to future dilution concerns.
The token's price action has been largely speculative, driven by hype rather than tangible fundamentals. The lack of a defined roadmap, development plans, or intrinsic utility poses significant risks. However, its **strong meme appeal and cultural relevance** continue to attract traders.
Future Outlook
While some traders expected $TRUMP to reach $100, the current price action suggests a prolonged consolidation or further decline unless new catalysts emerge. The token’s fate depends on market sentiment, potential utility developments, and broader crypto trends.
Key Considerations:
✅ Oversold RSI – Possible short-term bounce
⚠️ No intrinsic utility – High risk, purely speculative
📉 High volatility – Not for the faint-hearted
Final Thoughts
$TRUMP coin's meteoric rise and steep fall highlight the high-risk nature of meme tokens. While its presence on major exchanges adds credibility, the lack of fundamental value makes it highly unpredictable. Traders should exercise caution and manage risk appropriately, as the next move for $TRUMP remains uncertain.
SOLANA What will happen in the short term ?The price will drop to the 0.382 Fibonacci line and then will pump.
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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 Short-Term Pain to $170-180Solana Closed the Week below the 9WMA but above the 20.
The Week opened trading below the 20WMA and UpTrend it formed Since August 5, 2024.
CRYPTOCAP:SOL will most likely retest $170-180 region where it should bounce off the 50WMA. Closing a week or two below that might cause some concern. Will revisit next week.
Bull Case is that SOL closed above the .382 Fib and UpTrend so some bullish catalysts next week could spur a rally.
Solana Breaks Key Support Level – Is a Short Opportunity Ahead.?Solana has recently breached its previous support level of $221, signaling a potential shift in market dynamics. Given the technical analysis indicators, there may be an opportunity to initiate a short trade upon the price retesting this level, which could serve as a new resistance point. However, traders should exercise caution in their approach, particularly in light of the ongoing trade tensions involving the United States, Canada, China, and Mexico. These geopolitical factors could introduce volatility and impact market sentiment significantly, making it essential to implement risk management strategies when executing trades.
Why I Went Long on Solana $SOLUSDCI entered a speculative long trade on Solana, considering several key factors that suggest a potential rebound in the coming days.
Reasons for Entering Long
1. Fundamental Factor – On Saturday, the U.S. announced tariff hikes on China, Canada, and Mexico, causing market turbulence. After the initial sell-off, markets often see a partial recovery.
2. Technical Factor – SOL is in an oversold zone, increasing the likelihood of a bounce.
3. Short-Term Potential – Solana remains technically strong, and if the crypto market recovers, SOL could outperform.
Trade Parameters
• Entry Price: $213.79
• Stop-loss: $210.08 (trigger), $210 (limit)
• Take Profit: $242
• Risk Level: High, as this is a speculative trade.
I expect Solana to recover in the short term if market conditions improve.
VIRTUAL at Bottom? Time to Buy?SPARKS:VIRTUAL www.tradingview.com has double bottomed at around 1.85 after rocketing to $5. Is it time.to buy the dip or is it a pump and dump?
Well on top of a couple bullish signals, just recently, Virtuals Protocol has expanded to Solana, leveraging its speed, scalability, and community to enhance its platform. They've introduced the Meteora Pool with new trading pairs and opportunities and established a Strategic SOL Reserve (SSR), allocating 1% of transaction fees in SOL to reward creators and agents. Aligning with their mission to drive AI innovation in decentralized platforms, Virtuals Protocol continues to grow. Additionally, Upbit has listed VIRTUAL with KRW, BTC, and USDT trading pairs, further increasing accessibility. Not to mention other channels are now starting to cover VIRTUAL! It's about time!
If Virtuals Protocol can continue to move forward, innovate and scale at this momentum, bullish price action is inevitable. Is it time to buy the dip? There may be better buying opportunities still to come but as long as no black swans crap in the pond, we may be pretty close to a bottom.
Will Breakouts Happen Here?as you see on the chart a critical zone has been pointed which if Solana Price and Volume can breakout this Zone we will have an powerful uptrend for short term trend which we can Call it;
Go Too the Moon ASAP Sol Jan
Do Not Scared for any downward cause all of them are the opportunities for Having and Holding this valuable Coin which is very related To ETH too But the act of them will be different in next 6 month but after approvement of SOLANA's ETF both Mother Coins will have Same Trend as best Ecosystem of
Cryptocurrency Market
at last: Solana In Unhopeful condition
Solana Retests Golden Fib Levels – Next Leg Up?CRYPTOCAP:SOL has successfully retested the golden Fibonacci levels (0.618 - 0.5) and is now showing signs of strength.
The price has bounced from a strong demand zone, indicating potential for another bullish leg.
DYOR, NFA
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#SOLUSDT is waiting for the move...Let's have a look at #SOLUSDT chart
CRYPTOCAP:SOL did an amazing rally before Trump's inauguration with the RSI reaching at 84.21
After the correction Solana is consolidating around $239, a little lower that the key level of $242
With the current market conditions and the RSI being at 49.2 (RSI based MA 47.74) Solana is waiting for some big news to make the move
The best trading strategy right now is scalping.
Get the profits till Solana is going to soar again to new ATH
February is going to be an interesting month
SOLANA Bearish TemporarilySolana CRYPTOCAP:SOL broke trendline on 4h timeframe . Kickstarting a bearish move as seen.
It's diving past 50 EMA, heading for likely 100 EMA.
The price action is projected at $231.x in the short time, if 100 MA don't hold, next possible support price at $213 .
Stay alert!
SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle! SOL/USDT 1H Chart Analysis
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Current Market Structure:
Price: $239.99, showing rejection at premium zone ($245).
Trend: Bearish after breaking previous swing low.
RSI: Hidden Bearish Divergence forming between price highs and RSI.
Smart Money Activity:
Accumulation: Likely happening at discount zone ($222-225).
Market Makers Intent: Distribution visible, suggesting potential downside to retest support.
Risk Assessment:
6/10: Mixed signals from current range.
Concerns:
RSI leaning bearish.
Price trapped between Fair Value Gap (FVG) zones.
Key Levels:
Resistance: $245 (premium zone).
Support: $222-225 (discount zone), critical level at $232.
Recommendation:
Wait for confirmation:
Break above $245 for long entries.
Break below $232 for short setups.
Avoid entering while price remains range-bound.
Market Maker Intent:
Distribution: Ongoing at current levels.
A move down to retest support is likely unless the range is decisively broken.
Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨
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Skyrexio | Solana SOL Started CorrectionHello, Skyrexians!
Recently we told about the potential pump for BINANCE:SOLUSDT to $300 where price was $170. The main reason was the bullish reversal bar at the bottom of the wave 4. After that price reached almost $300 agains the entire crypto market. Will Solana continue pumping or it's over.
Looking at the time frame we can see that wave 5 has been potentially over. This fact is confirmed by the red dot on the Bullish/Bearish Reversal Bar Indicator . This is very strong bearish signal which tells us that Elliott waves cycle has been finished and asset is entering into correction phase. The first target for correction is $160 at 0.61 Fibonacci zone. There we will look at the price action again and make a decision if price will continue to go down or not.
Best regards,
Skyrexio Team
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SOL’s Golden Zone: $217-$213 The Perfect Long Setup?SOL is still in a corrective phase, with the 0.618 Fib retracement of the entire wave at $217.27 yet to be tested. This level aligns with key technical confluences, making it a critical zone to watch.
Recent Price Action & Short Trade Recap:
Today, SOL retested the pwdOpen, aligning perfectly with the Point of Control (POC) and the 0.618 Fib retracement of the smaller downward wave, making it an ideal short entry
The reaction was significant, but now the focus shifts to whether $217 will finally be tested
Long Trade Setup:
Entry Zone: $217 - $213
Stop Loss (SL): Below $210
Take Profit (TP): $260, targeting the next major resistance level
Why This Setup is High-Probability:
1.) Fibonacci Confluence:
The 0.618 retracement of the full wave at $217.27 is a key level where buyers may step in
Weekly Support at $213.35 adds strength to this demand zone
2.) Liquidity Sweep Potential:
A dip into $217-$213 could liquidate long positions, setting up a strong reversal if buyers reclaim control
3.) Upside Targets:
2021 all-time high (ATH) and beyond
Final Thoughts:
Key Levels to Watch: $217-$213 for long confirmation
Look for volume confirmation and bullish reaction before entering
If SOL holds above $217, this setup could provide an excellent R:R trade
This could be a golden opportunity for a high-conviction long. Let’s see how SOL reacts! 🚀🔥
Rotation from Solana to Base and Sui?Previous Solana breakouts have seen strength in performance for Sui and Base following. Americoins will need to be balanced by Trump. He has shown signs of supporting across the board. Rather than one or two picked winners. Supporting Base and Sui will likely be something Trump is interested in.
Trumps exposure now to Solana is massive and he likely wants to achieve two things. Liquidity to take profit. Massive tax reduction on those profits. Two birds with one stone if he brings down taxes on specifically made in america coins.
He is building exposure in Ethereum too.
We have many signs that there will be rotation. Regardless of long term dominance.. there becomes a point rotation is too hard to ignore. Bases leading dex Aerodrome has ~2x revenue to market cap. Perp/spot dex on Sui also has a ~2x revenue to market cap.
Trump Coin Marked the top in Solana - Bullish again at 1000maEver since the hype and network crowding caused by Trump coin on the weekend before Inauguration Day, Solana seems to have peaked and had trouble breaking out higher.
Add to that the new uncertainty from DeepSeek ai into tech, and the mood has soured in speculative assets.
In my opnion, short is the way for me for now, as solana and bitcoin are above all moving averages. And I will go neutral below 200 day moving aveages, and very bullish below 1000 da ema.
Solana Nears $250 Resistance – Is $300 Within Reach?Solana (SOL) has surged 7% in the past 24 hours with a trading volume of $8.497 billion, adding to its impressive 23.16% gain over the last 30 days. With a YTD return of +24.16%, bullish sentiment around Solana continues to grow.
The long-term outlook for SOL remains optimistic as adoption and the launch of strong projects within the Solana ecosystem drive demand. Additionally, upgrades aimed at improving network congestion could further fuel its price surge.
However, the technicals present a mixed picture. On the daily timeframe, the Simple Moving Average (SMA) indicates bearish convergence, signaling increased selling pressure. At the same time, the RSI remains above the neutral point, hinting at resilience despite a recent negative crossover on the trendline.
Currently, SOL’s price is approaching a critical resistance level of $250. If it maintains support above $237.50, it could retest this resistance and aim for the next target at $270. Sustained bullish momentum could even push SOL toward the $300 mark.
On the flip side, failure to hold the $237.50 support level could see SOL dropping to $210, where the next significant support lies. For now, all eyes are on Solana as it approaches a pivotal moment in its price action.
I rather wait to buy the strength for trading (not investing)My overall bias for Solana is super bullish. I like the weekly price setup. Weekly MACD, RSI and Stochastic are all showing the clear (not strong enough) bullish momentums.
If you are interested in investing in Solana for the duration of the current crypto cycle, it is a good time to buy. However, if you are interested in swing trading (medium term), I will wait for daily stochastic to reset and move to the upside, and 4H MACD lines cross and enter the bull zone (0 level). Last week, there were three occasions where 4H MACD lines almost crossed but failed and ended up moving downside. A strong bullish trend usually happens with MACD moving upside in the bull zone.
It is tempting to buy the dip, but I will wait to buy the strength.