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Solanaanalysis

Solana SOLUSDT Analysis: On the MoveThe BINANCE:SOLUSDT pair currently finds itself ensnared within a firm downtrend channel, signaling a potential pullback from the channel's resistance line. However, the market remains on a precipice; a breakout from this confining channel could herald a significant upward move. At its current price at $21.9, the asset stands at a crucial juncture. In the event of an upward surge, key resistance levels to watch out for include $22.0, $24.0, and $26.0. Conversely, if the price maintains its downtrend momentum, anticipated support levels lie around $21.0 - $20.5 or perhaps slightly lower. Monitor the price closely, exhibiting patience and vigilance. Any breakout or breakdown from the current channel could yield noteworthy trading opportunities. Stay tuned for further updates. 📈💹
CRYPTO:SOLUSD
by Vestinda
4
Solana Skyrockets: Breaking Through Resistance with $30 TargetSolana, the blockchain platform known for its lightning-fast transaction speeds and low fees, has been making waves in the crypto market lately. Its recent surge in popularity is not without reason - Solana's innovative technology and impressive ecosystem have caught the attention of both investors and developers alike. But let's talk about the breakthrough that has everyone buzzing. Solana's price has been on an unstoppable upward trajectory, and it has now successfully broken through the resistance level that has been holding it back. This is a significant milestone that signals a potential bullish trend ahead! With this new target of $30, Solana is poised to continue its meteoric rise in the coming days and weeks. The market sentiment surrounding SOL is overwhelmingly positive, and this breakthrough could be just the beginning of an even greater surge. So, what does this mean for you as a trader? It's time to seize this golden opportunity and consider going long on Solana! By taking a long position, you can potentially profit from Solana's upward momentum and ride the wave of its success. Don't miss out on this exciting chance to be part of Solana's incredible journey. Here's your call-to-action: consider opening a long position on Solana (SOL) today and position yourself for potential gains. Remember, as with any investment, it's important to conduct your own research and make informed decisions. Reach out to me with any questions or concerns you may have by commenting below. We're dedicated to supporting you on your trading journey and helping you make the most of this thrilling market opportunity. Stay tuned for further updates on Solana and other exciting developments in the crypto space. The world of cryptocurrency is constantly evolving, and there's never a dull moment!
Long
by bryandowningqln
8
Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Solana. During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside. Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:SOLUSDLong
by basictradingtv
29
SOL to the 27-28USDcIn the current scenario, where SOL/USDT (Solana against USDT) is forming a "bull flag" pattern, there has been observed a positive price movement that suggests a potential increase to the range between 27 and 28 dollars per SOL. The bull flag pattern is typically seen as a continuation pattern within the existing trend, which in this case could be an ongoing upward movement in Solana's price. It is anticipated that the breakout from this bull flag pattern could lead to testing resistances at higher levels. This way, SOL could move towards the target range of 27 to 28 dollars per SOL. It's crucial to monitor whether this upward trend is supported by sufficient trading volume and investor interest. In the event that the ascending trendline is breached, and SOL/USDT falls below this level, there is a risk of another downward move. This could result in disrupting the current upward trend and initiating another corrective phase downward. Therefore, it's important to keep an eye on price levels, trading volume, and technical indicators that might indicate the strength or weakness of the market movement.
CRYPTO:SOLUSDLong
by Bitcoinblockchainonline
SOLANA, plausible a WXY correction in the endThis Sunday I erased all of my TA regarding SOLANA. In the end, it was a shaky friday-saturday and SOLANA totally changed its course. From a "bottom reached" market consensus to a.... falling knife! My personal position was that an ABC was in place, that it could have already reached its first target of a C, but that it was also a very "short" C. Never did I expect such a collapse taking us to $12 bucks????? I did - however- expect a $17-17.25 bottom, perhaps stretching to $15 - AND THAT WAS IT!. So yes, I erased it all and found that it made sense to redraw as... a WXY! Look at the targets, it seems to fit like a new sock. If this is so we should see a reversal. Time to wait for a first robust sign and then climb in. Too early now, in my personal view. We could still see yet another impulse down, hopefully NOT making a lower low and still within WXY (else ABC) limits. Let´s see what´s in next for SOLANA...
S
by Ivanbole71