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Solanaanalysis

SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting: ✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance) ✅ $180-$195 (0.382 Fib & major supply zone) ✅ $220+ (Wave 3 extension target) 🔻 Bearish Scenario – Extended Correction? If SOL fails to break $150, it could indicate that the correction is not yet over, leading to: ❌ Retesting $130 support ❌ Possible extended correction towards $113-$100 (1.272 Fib extension) 📌 Key Level to Watch: 🔹 A break & close above $150 signals bullish continuation. 🔹 A rejection could mean further downside. 📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Long
by DipWaves
3
Solana (SOL) Holding Strong – Can It Reclaim $200?Solana (SOL/USDT) is currently testing a critical support zone around $140, aligning with a long-term ascending trendline that has provided strong support in previous market cycles. The 50-week EMA ($168.03) is also acting as dynamic resistance, making this an important decision point for the market. The recent pullback from resistance at the previous ATH zone suggests some profit-taking, but if SOL can hold this key support level, a bullish reversal could follow, pushing prices back toward $200+ in the coming weeks. However, a break below $140 could lead to a deeper retracement toward the trendline support around $100-$120.
Long
by unichartz
Solana Faces Heavy Selling—Is Capitulation Over?Solana has been on a wild ride since hitting its all-time high of $295.83 in January. The once high-flying altcoin has now fallen to levels not seen since October, triggering panic among traders. But here’s the twist—on-chain signals suggest a recovery could be closer than many think. RSI Signals an Oversold Market—Time for a Rebound? 📉 Solana’s RSI just dropped below 30 for the first time since June 2023—a strong signal that the asset is oversold. Historically, when RSI enters this zone, a price reversal often follows as traders scoop up discounted tokens. 📌 Why It Matters – When an asset reaches oversold territory, it means selling pressure may be running out. If buyers step in, SOL could stage a strong recovery. Market Sentiment at a Low—A Buying Opportunity? 🔹 Crypto analyst Miles Deutscher calls this Solana’s “capitulation moment”—a period when panic-driven selling could mark the bottom. 🔹 When weak hands sell off, stronger buyers often step in, driving a price recovery. Key Price Levels to Watch 📌 Support: $136.62 – Holding this could trigger a rebound. 📈 Resistance: $182.31 – A breakout here could push SOL above $200 to $222.14. 📉 Bearish Scenario: If selling continues, SOL may fall to $120.72. The next few days are crucial—will buyers take control, or is more downside ahead?
by paul_endeo
5
SOLANA – Technical and Fundamental OutlookTechnical Analysis Solana (SOL) remains within a Falling Wedge structure, a historically bullish reversal pattern. The price is currently testing a key support zone at $124.29, where demand accumulation could trigger a breakout. A successful rebound from this level may confirm a shift in momentum. A breakout above $150.51 would validate a bullish reversal, with the next key resistance target aligning with the previous All-Time High (ATH) of $296.99. Failure to hold $124.29 as support could extend the correction, requiring confirmation of price action before further positioning. Fundamental Analysis Solana continues to exhibit strong growth, with a 37.09% price increase in the last 30 days and 79.96% gains over the past 90 days, reflecting sustained investor confidence. Institutional sentiment remains positive, with VanEck analysts projecting a $520 price target by the end of 2025, contingent on continued adoption and ecosystem expansion. Key fundamental drivers include Solana’s high-throughput architecture, enabling thousands of transactions per second with low fees, positioning it as a competitive layer-1 blockchain. Recent integrations, including Visa's USDC settlement adoption, further reinforce its real-world utility. Risk Considerations Regulatory uncertainties remain a critical factor, with SEC classification concerns presenting potential headwinds. Additionally, speculative market activity, particularly within Solana's meme coin sector, has contributed to heightened volatility, necessitating cautious risk management. Conclusion The confluence of technical support levels and strong fundamental adoption metrics suggests a pivotal moment for Solana. A breakout from the Falling Wedge structure would reinforce bullish momentum, while macro and regulatory developments remain key monitoring factors.
COINBASE:SOLUSDLong
by AzrulAzir
$MYRO Poised to Break Above Consolidation, Eyes 200% Surge The Solana-based memecoin $MYRO is showing strong bullish signs, poised to break out from its recent consolidation phase with a potential 200% surge on the horizon. As traders anticipate a breakout, technical and fundamental indicators align, making $MYRO a token to watch closely. Technical Analysis $MYRO is currently trading with a Relative Strength Index (RSI) of 52, suggesting moderate momentum. While the asset remains below key moving averages, this setup strengthens the case for an impending breakout. Historically, tokens breaking above prolonged consolidation phases often witness sharp price increases, and $MYRO seems to be mirroring this trend. A confirmed breakout from the current resistance could trigger a price discovery mode, paving the way for a 200% move. However, traders should monitor volume and key resistance levels to validate the move before entering positions. The Myro Narrative Beyond technical indicators, the Myro project stands out as a community-driven memecoin inspired by Raj Gokal’s dog, Myro. In an era where dog-themed tokens like CRYPTOCAP:DOGE and CRYPTOCAP:SHIB have dominated narratives, $MYRO finds its unique place within the Solana ecosystem. Market Data & Price Action - Current Price: $0.019886 - 24-Hour Trading Volume: $15,915,903 - 24-Hour Performance: +30.33% - Market Cap: $18,776,340 - CoinMarketCap Ranking: #854 - Circulating Supply: 944,203,815 MYRO $MYRO’s impressive 30.33% surge in the last 24 hours indicates strong buying interest. With increasing trading volume and a solid market presence, the token is gaining traction as a promising investment within the memecoin space.
RAYDIUM:MYROUSDC_5WGYAJ.USDLong
by DEXWireNews
Bitcoin's Next Move, Solana Dumps From Memes & Unlocks, and MoreIn this video I cover Bitcoin's likely next move and why I sold my Bitcoin at $106k, plus where I think it bottoms and WHEN based on the next likely daily and weekly cycle low Feb 28th. Also price targets on Bitcoin, how and when it could get to $150k, why it dumps after that and after a summer correction, could rocket to $200k (examining the 11 factors to propel this). And we look at the longer term time frame for Bitcoin on the Monthly and 2 Month chart, where the RSI, Stoch/RSI, and MACD are showing early signs of topping out (but not likely there yet). I also revisit the USDT.D study I've been posting about, which is still very much a near-term concern, but plays nicely into the boom / bust timeline I've outlined above. Plus, a quick reviw of my 4-hour NASDAQ:IBIT study, and how the 'Gaps' have been acting as magnets for price, much like the CME gaps, which typically fill. Lastly, we look at some Atlcoins poised for 10x, 30x, even 250x rebounds and long-term targets. So this is an action-packed video! Hope you enjoy! Leave a like and comment, and check out my bio for more tools and resources :)
COINBASE:SEIUSDShort
by BrettFogle
1
Solana’s Silent Crisis: Why Addresses Diminish While Price HoldsSomething unusual is happening in the Solana ecosystem. While SOL’s price has climbed from $161 to $197, its active user base has dropped by more than 50%. Just a few months ago, in October 2024, Solana’s network saw 18.5 million active addresses, a sign of robust engagement. But fast forward to February 2025, and that number has plunged to 8.4 million. This raises an important question: Why is Solana’s price rising while user participation is falling? The Disconnect Between Price and Network Activity At first glance, a price increase would suggest growing interest and adoption. But here’s the twist: SOL’s value appears to be driven by fewer, but more committed investors, rather than broad-based usage growth. 🔹 Declining Engagement – Fewer transactions, less activity, and a shrinking user base. 🔹 Rising Prices – A sign that major investors and institutions, rather than retail traders, could be accumulating SOL. The Technical Picture: A Market at a Crossroads Beyond network activity, technical indicators reveal a market in limbo. 📊 RSI at 32.16 – Just above the oversold threshold (30), meaning buyers could step in soon. 📊 Money Flow Index (MFI) at 39.98 – Money isn’t aggressively leaving SOL, but it isn’t pouring in either. 📊 Open Interest Down 2.23% – Fewer traders are taking new positions, suggesting hesitation. Key Price Levels to Watch Solana’s next moves will depend on how it interacts with these crucial levels: 📌 Resistance: $180 and $200 – A sustained move above $180, especially if RSI crosses 40, could signal a recovery. 📌 Support: $170 and $160 – If selling pressure intensifies, SOL could retest these lower zones. Where Does Solana Go From Here? Is Solana becoming a blockchain for whales and institutions rather than everyday users? Or is this just a temporary lull before a fresh wave of adoption? For now, SOL’s price remains resilient, but without renewed on-chain activity, the rally may not last. If open interest and network participation rebound, Solana could be setting up for its next major move.
by paul_endeo
SOLANA: $1,000 Incoming?This chart shows how Solana (SOL) follows market cycles, long periods of low prices (accumulation) before big price spikes (breakouts). - We’re in a similar phase to 2021, just before SOL’s last huge rally. - $500 and $750 are key resistance levels—breaking them could send SOL much higher. - Alt & Meme Season matters—when memes pump, demand for SOL rises. - Bitcoin’s bull run is key, when BTC moves up again, SOL will likely follow fast. - Price could rise quickly past $1,000 once key levels break.
Long
by DanLucro
Solana Market Analysis according to current market ( SOL ) Timeframe: 4 Hours As observed over the past few days, Solana has experienced a significant downward move, which was expected. If you look at the chart, a pennant pattern had formed, which was squeezing and eventually broke to the downside. This breakdown led to a complete fulfillment of the supply zone, with Solana’s price moving toward the 155–165 range, which acted as a strong order block and support zone. This move confirms two key points: Strong Order Block: The 155–165 zone is a robust support area and order block. BTC Correlation: Bitcoin has also been moving toward its strong support zone (89k–92k), which aligns with Solana’s price action. Two Possible Scenarios for Solana Scenario 1: Demand Creation at Current Levels (Higher Probability) Solana is likely to create demand from its current levels, with two strong zones to watch: $195 Zone: A key level where demand could materialize. $230 Zone: A secondary target if the price gains momentum. This is the more probable scenario, where Solana stabilizes and creates demand, either at 195 or 230, leading to a potential upward move. Scenario 2: Further Downside (If BTC Breaks Support) If Bitcoin breaks its strong support zone (89k–92k), which seems increasingly likely, Solana could experience another significant downward move. In this case, Solana might break below the 150–140 range, leading to a further decline. This would mirror the previous supply-driven move, potentially taking Solana much lower. Summary Current Support Zone: Solana has found support in the 155–165 range, which is a strong order block. Scenario 1 (Higher Probability):Demand creation at 195 or 230, leading to an upward move. Scenario 2 (If BTC Breaks Support): Further downside, potentially breaking the 150–140 range. Note My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward. Thank you!
Long
by The_Chartist30
ICT TA Daily view, we are in a Fib golden zone + OB!We have reached a Golden Fib retracement Zone , With a an OB in that Zone too + VFG1 . and thar happened after positive BOS! We need to see a strong reaction there, with good volume to go up! Internal structure is showing reversals, but waiting for External Structure to confirm . Over all, we are still in a bullish bias, this is a good area to start buying, but confirming a stronger signal is better to wait a daily candle closes above 209$ . We can buy from here, and if continued to go down, the second buy Zone is between (82 to 105$) Keep in mind this is daily analysis, don't leverage or over leverage! and this is Technical Analysis, however Crypto could not follow over TAs, spicily if market updates on Fundamentals showed something.
COINBASE:SOLUSDLong
by MTM91
Solana Breaks Key Support Level: Is It Time to Sell...?Solana has recently broken through the critical support level of $180 on the daily timeframe, signaling potential further downside. Traders are now faced with whether to take a short position immediately or wait for a retest of the broken support. For those looking to enter a short trade, the ideal entry zone lies between the $170 and $180 range. With this strategy, it’s recommended to place a stop-loss at $190 to limit potential losses. The primary target for this short trade would be the next major support level around $120, offering a substantial downside potential. As with any trading decision, caution is advised. Waiting for a retest could offer a better risk-to-reward ratio while entering now, allowing you to capitalize on the initial drop. Stay alert to market movements and adjust your strategy accordingly.
Short
by Kartik_Elkunchwar
3
SOLANA outlook The Week Ahead 17th Feb 25SOLANA price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 175.00 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 175.00 level could target the upside resistance at 221.20 (20 Day Moving Average) followed by the 242.80 and 260.60 levels over the longer timeframe. Alternatively, a confirmed loss of the 175.00 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 155.50 support level followed by 136.99. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:SOLANA
by TradeNation
Solana Faces Pressure as Pump.fun Offloads $28M SOLThe cryptocurrency market has recently witnessed a notable shift as Pump.fun, Solana’s memecoin launchpad, executed a massive sell-off of 148,759 SOL, worth approximately $28.22 million, to Kraken. This move has triggered speculations regarding Solana’s potential downtrend, raising concerns among investors and traders. Market Reaction to the Sell-Off Despite the global crypto market reaching an impressive $3.16 trillion, Solana is facing notable resistance. The recent sell-off by Pump.fun has heightened fears of a continued bearish trend. To date, the launchpad has transferred a staggering 2,280,377 SOL, valued at approximately $462 million, to Kraken. While 264,373 SOL has already been sold for 41.64 million USDC, Pump.fun still holds 16,877 SOL, indicating the possibility of further market activity. Additionally, Solana’s decline comes as Binance Coin (BNB) surpasses it in market capitalization, now standing at $96.15 billion compared to Solana’s $93.16 billion. Market sentiment is shifting as Solana’s 24-hour trading volume has decreased by 11.51%, now at $3.39 billion. Technical Analysis At the time of writing, Solana is trading at $191.17, experiencing a minor 0.20% increase in the last 24 hours. However, the broader trend presents a concerning outlook. Key Technical Indicators: - Break of Structure (BOS) Nearing $180: Currently, Solana is hovering around the BOS level. A confirmed breakdown below $180 could trigger a severe selling spree, pushing SOL toward deeper support zones. - Fibonacci Retracement Analysis: A breakout above the 38.2% Fibonacci retracement level could invalidate the bearish sentiment and spark a bullish rally. If Solana reclaims this level, it could set sights on the $400-$500 range in the long term. Conclusion Solana is at a critical juncture, with its price movement hanging in the balance between bearish pressure and potential recovery. The recent Pump.fun sell-off has introduced uncertainty, but key technical levels and broader market sentiment will dictate the next move. A break below $180 could trigger a major decline, while a decisive move above the 38.2% Fibonacci level could renew bullish momentum. Traders should stay alert and adapt their strategies accordingly in this volatile environment.
Long
by DEXWireNews
Franklin Templeton Joins Solana ETF Race: A Game-Changer for SOLThe race for a Solana ( CRYPTOCAP:SOL ) ETF is heating up, and Franklin Templeton has just thrown its hat into the ring. The global investment giant has filed documents in Delaware to register the Franklin Solana Trust, marking a significant step toward launching a spot Solana ETF. This move comes hot on the heels of similar filings by VanEck, Grayscale, and Canary Capital, signaling growing institutional interest in Solana. But with CRYPTOCAP:SOL ’s price down 3.34% in the last 24 hours and 9.99% over the past week, is this ETF momentum enough to reverse the bearish trend? Let’s break it down. Institutional Adoption Heats Up Franklin Templeton’s entry into the Solana ETF race is a major vote of confidence for the blockchain platform. Known for its high-speed transactions and low fees, Solana has become a favorite among developers and users alike. Now, with institutional heavyweights like Franklin Templeton, VanEck, and Grayscale vying for a Solana ETF, the cryptocurrency is poised to gain even broader recognition. Key Developments: 1. Franklin Solana Trust: Franklin Templeton’s filing in Delaware is the first step toward launching a spot Solana ETF. While the SEC has yet to approve any Solana ETF, the growing number of applications highlights the asset’s potential. 2. SEC’s Stance: The SEC has acknowledged filings from Grayscale and Canary Capital, opening a 21-day public comment period. However, Solana’s classification as an unregistered security remains a hurdle. Analysts suggest that Litecoin and Hedera ETFs might have a better chance of approval due to their clearer regulatory standing. 3. Franklin’s Crypto Index ETF: Franklin Templeton has also filed for a **Crypto Index ETF**, which initially tracks Bitcoin and Ethereum but could expand to include other altcoins like Solana. This shows the firm’s long-term commitment to the crypto space. Technical Analysis Despite the bullish news, Solana’s price action tells a different story. Here’s what the charts are saying: CRYPTOCAP:SOL is currently trading at $195, down 2.36% in the last 24 hours. The token has struggled to maintain momentum, with a 9.99% drop over the past week.The Relative Strength Index (RSI) is in bearish territory at 41, indicating that selling pressure outweighs buying interest. This suggests that CRYPTOCAP:SOL could face further downside before finding support. If Bitcoin dips to $90,000, CRYPTOCAP:SOL could test the $180–$160 zone, a critical support area. However, a breakout above $240 (38.2% Fibonacci retracement level) could reignite bullish momentum, potentially pushing CRYPTOCAP:SOL toward its all-time high of $270. Solana’s 24-hour trading volume is down 14.03% to $3.81 billion, despite its $95.94 billion market cap. This divergence suggests that retail interest may be waning, even as institutional demand grows. Conclusion Franklin Templeton’s entry into the Solana ETF race underscores the growing institutional interest in the blockchain platform. While the current price action is bearish, the potential approval of a Solana ETF could be a game-changer, driving CRYPTOCAP:SOL to new heights. For now, investors should keep an eye on key support and resistance levels, as well as regulatory developments. Will Solana break out of its slump and reclaim its all-time high? Only time will tell, but one thing is clear: the race for a Solana ETF is just getting started.
COINBASE:SOLUSDLong
by DEXWireNews
$TRUMP Memecoin Tanks 80%: What Went Wrong?The $TRUMP memecoin, a token inspired by the 45th U.S. President Donald Trump, has seen a dramatic collapse in value, plummeting to $15 per token—a staggering 80% drop from its all-time high of $75. This sharp decline has left investors reeling, especially after initial euphoria surrounding its launch and Trump’s swearing-in ceremony in early January 2025. But what caused this downturn, and is there hope for a recovery? A Memecoin Built on Political Sentiment $TRUMP was launched as a PolitFi (political finance) token, capitalizing on the fervor surrounding Donald Trump’s political career and his iconic "Fight, Fight, Fight" battle cry following a dramatic event on July 13, 2024. The token was marketed as a way to own a piece of history, celebrating Trump’s resilience and leadership. At its peak, $TRUMP reached $75, driven by hype and the emotional connection of Trump’s supporters. However, memecoins like $TRUMP are inherently volatile and heavily reliant on sentiment rather than utility. Unlike projects with tangible use cases or technological innovations, $TRUMP’s value is tied to the popularity and perception of its namesake. As the initial excitement faded, so did the token’s price, leading to the current downturn. Technical Analysis From a technical perspective, $TRUMP’s price action tells a story of rapid gains followed by an even sharper correction. Here’s what the charts are showing: 1. Price Collapse: $TRUMP has fallen from its all-time high of $75 to $15, marking an 80% loss. This kind of volatility is not uncommon in memecoins, which often experience parabolic rises and steep declines. 2. Immediate Resistance: The $48 level is a critical resistance point for $TRUMP. Breaking above this level could reignite bullish momentum and signal a potential recovery. However, given the current market sentiment, this seems like a challenging hurdle. 3. Market Cap and Volume: Despite the crash, $TRUMP still holds a market cap of $3.08 billion, ranking it #37 on CoinMarketCap. The 24-hour trading volume remains high at $900 million, indicating that there is still significant interest in the token. This liquidity could provide a foundation for a potential rebound. 4. Sentiment and RSI: The Relative Strength Index (RSI) is in oversold territory, suggesting that the selling pressure may be exhausting itself. If buyers step in, this could create a short-term bounce, though sustained recovery would require a shift in market sentiment. What Caused the Crash? Several factors likely contributed to $TRUMP’s dramatic decline: - Hype Fading: Memecoins often experience a "pump and dump" cycle, where early investors cash out after the initial surge, leaving latecomers to bear the losses. - Lack of Utility: Unlike utility-driven cryptocurrencies, $TRUMP lacks a clear use case, making it vulnerable to sentiment-driven price swings. - Market Conditions: Broader market trends and risk-off sentiment in the crypto space may have exacerbated the sell-off. Conclusion The rise and fall of $TRUMP serve as a reminder of the risks associated with memecoins. While they can offer explosive gains, they are equally prone to devastating losses. For $TRUMP, the path to recovery hinges on regaining market confidence and finding new catalysts to drive demand.
Long
by DEXWireNews
Breaking: Solana Reclaims $200 MarkIn a surprising turn of events, Solana (SOL) has surged past the $200 resistance level, defying the broader crypto market's cooling trend. While Bitcoin (BTC) dipped to the $95,000 support level and the Crypto Fear & Greed Index slumped to 35—indicating a fearful market—Solana has emerged as a standout performer. Why Solana Stands Out Solana, launched in March 2020 by the Solana Foundation, has quickly risen to prominence as a high-performance blockchain platform. Designed to facilitate decentralized application (DApp) development, Solana combines proof-of-history (PoH) with proof-of-stake (PoS) to achieve unparalleled scalability and speed. This hybrid consensus model allows Solana to process thousands of transactions per second (TPS) at a fraction of the cost of competitors like Ethereum. Key Fundamentals Driving SOL's Growth: 1. Decentralized Finance (DeFi) Accessibility: Solana's focus on making DeFi accessible to a broader audience has attracted both retail and institutional investors. 2. Institutional Interest: Solana's ability to handle high-volume transactions without compromising decentralization positions it as a viable long-term player in the blockchain space. 3. Ecosystem Growth: The Solana ecosystem continues to expand, with projects ranging from decentralized exchanges (DEXs) like Serum to NFT marketplaces and gaming platforms. Technical Analysis As of the time of writing, Solana is trading at $205, up 2.29% in the last 24 hours. Key Technical Indicators: 1. Relative Strength Index (RSI): SOL's RSI is currently at 45, indicating a neutral to slightly bearish sentiment. While this suggests the potential for a trend reversal, the recent candlestick patterns hint at a possible bullish surge. 2. Candlestick Patterns: The recent closing prices and candlestick formations suggest a bullish momentum. If this trend continues, CRYPTOCAP:SOL could target the $248 resistance level, which aligns with the 38.2% Fibonacci retracement level. 3. Support and Resistance Levels: The $200 level has now flipped from resistance to support, providing a strong foundation for further upward movement. However, a slight downtick could see CRYPTOCAP:SOL retesting its 1-month low, serving as a cooling-off zone before another potential rally. 4. Volume and Liquidity: With a 24-hour trading volume of nearly $4 billion, Solana is experiencing significant liquidity. This high volume indicates strong market participation, which is often a precursor to sustained price movements. The Road Ahead: Bullish or Bearish? While Solana's recent performance is impressive, the crypto market remains highly volatile. Here are the key factors to watch: Bullish Case: - If SOL maintains its momentum and breaks above the $210 resistance, it could target the $248 level, representing a 20% upside from current prices. - Continued ecosystem growth and institutional adoption could drive long-term demand for SOL, pushing it to new all-time highs. Bearish Risks: - A failure to hold the $200 support level could lead to a retracement to the 1-month low, potentially cooling off recent gains. - Broader market conditions, including Bitcoin's performance, could impact SOL's trajectory. If BTC experiences further downside, it could drag SOL along with it. Conclusion As the "Ethereum killer," Solana continues to prove its worth in the blockchain space. Keep an eye on this altcoin—it may just be getting started.
Long
by DEXWireNews
Solana Analysis Solana Analysis Solana is currently finding robust support on the daily chart, as indicated by the significant impact of the recent bearish trend that has dominated the cryptocurrency market over the past week. A rebound towards a bullish trend is anticipated, as the asset has recently bounced off this strong support level. Please note that this is my personal analysis and should not be construed as financial advice to invest in or purchase this asset. It is crucial to exercise your own judgment and conduct thorough research and analysis prior to making any investment decisions. Trade cautiously and ensure you fully understand the associated risks before executing any trades Cheers!!
BINANCE:SOLUSDLong
by sirkamal
1