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Solanaanalysis

#Solana Consolidates, #SOL Finds Support at $90Past Performance of #Solana Despite the crypto-wide dump, Solana bulls are comparatively firm. As per the formation in the daily chart, SOL is within a tight trade range, posting small losses against the rampant USDT. Nonetheless, sellers remain in charge since the coin is within a bear breakout formation, retracing from April 2022 highs. Solana Technical Analysis Solana bears are in charge, forcing SOL 30 percent from April 2022 peaks. Technically, SOL is within a bear breakout formation following the losses of April 8. As SOLUSDT consolidates with caps at $100—flashing with the 20-day moving average--and $90 on the lower end, the downside is the path of least resistance. Traders may wait for a clear trend definition, either above $100 or below $90, before aligning position with the merging price trajectory. A close below this week's low may force liquidation to Q1 2022 lows of around $80. Conversely, a refreshing lift-off above $100 may attract buyers in a move that may see SOL expand to $110 and even $140 in the medium term. What to Expect from #SOL? Solana's ecosystem is active, which may prop SOL in the medium term. At present, sellers have the upper hand with resistance at $100. Resistance level to watch out for: $100 Support level to watch out for: $90 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Its possible that Solana price is finding its way to the bottomToday we bring to your attention the global chart of the pair of SOLUSDT As can be seen from the graph, for a long time the price of SOLUSD is not bad enough to moving the channels of dynamic fibolevels. Also, looking at the global chart Solana token, we can assume that at the moment the figure "double bottom" is formed Based on this assumption, we can offer you the following medium-term SOL trade to comply with the profit/loss ratio 5/1 Long entrance area $89-93 Stop below $77.70 Take profit around $157 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
36
#Solana Dumps 27% from April Peaks, #SOL Ceiling at $112 Past Performance of Solana #Solana is bearish and within last week's trade range, reading from the formation in the daily chart. Even though SOL's prospects are bullish, sellers are in the driving seat, capping advances below $112. SOL is down 27 percent from April 2022 highs at spot rates, finding support at around $99. Solana Technical Analysis From volume analysis, #SOL is bearish, finding strong resistance at $112. Notably, SOL buyers didn't unwind the losses of April 11, swinging price action to favor sellers. As per the current setup, aggressive traders may unload on pullbacks below $112 in anticipation of more losses towards Q1 2022 lows of $80. On the contrary, any sharp spikes above the middle BB and $112 nullifies the downtrend, paving the way for optimistic Solana buyers aiming for $142 in a buy trend continuation pattern. What to Expect from SOL? The Solana mainnet beta is functional with vibrant dApps cutting across DeFi and NFTs. However, after the super rally of 2021, prices are cooling off. In the immediate term, SOL is bullish above $99. Resistance level to watch out for: $112 Support level to watch out for: $99 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Going Long SOLAfter a bearish trend, we are now expecting the next bull run, the BTC is showing some bullish divergence and SOL also, and so other alt coins. I am now waiting for other confirmations before setting up a long position. =================== Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable. READ THIS NOTE!! Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
Long
by CallMeBeginnerTheExplorer
2
SOL - Solana - few optionsSOL - Solana - few options zoom out to see the areas that resemble this one on the rsi wipe out here is very possible but even if that happens I think continuation UP is more likely here. could be sick long entry if that sweeper goes down. my sol long is underwater here, that wipe out would not be good haha making me think some stops are prob wise. even with low lev those kinda moves will destroy your account. btc fractals looking better, telling a different story. which always is a worry. lol gl lets get it
BINANCE:SOLUSDLong
by Crypto-Quantum-Fox
SOLANA IS AT A CRITICAL LEVELSOLA has seen an unprecedented rally since the 22nd of March 2022. this asset has brought some good fortune to its investors lately. This asset is currently consolidating around $140 to $130 zone. Solana may pull down to $130 once again before the rally continues if fundamentals continue to favour the bullish trend. if this bull run can break through FIB38.2, this asset will most likely hit the RESISTANCE TRENDLINE (black colour) as a profit target. However, if the bears are powerful enough, they may drag down Solana to $120 zone (FIB 23.6) once again. KINDLY comment, LIKE, Criticize and Follow.
Long
by ForexClinik
SOL (Solana) Coin Analysis 24/03/2021Fundamentals: Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well. The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 42 in the CoinMarketCap ranking as of February 2021. Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox. In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. Technical Analysis: there some chance of trend retracement to the lower prices like Fibonacci Retracement 61.8% or 76.8% but ultimately This Coin will climb the higher prices as it has a very good Fundamental Potential there are total of 3 Targets specified with Fibonacci projection where as the 3 TP gets its Confirmation as the 2 TP gets triggered followed by some price Correction.
Long
by BitonGroup
7
SOLANA (A-B-C)If you look globally at the solan chart, the downtrend has ended, the seller’s zone has been broken through and exited the downstream channel. In total, we have two channels on the chart, ascending and descending, you can also draw one global channel, in which the price goes, and it will also be ascending. The conclusion suggests itself, the second wave has ended with the transition to the third, and as we know the third wave will be protracted and large. I hope for this and all the profit.
Long
by UnknownUnicorn36647227
Solana (SOL) to $310 in Q3-2023 (continuation 2)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern is officially broken and we have officially entered the bull market. The current trading at $109 is following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge, that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
2