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Solanacoin

Solana LONG | Does this make sense to you?BINANCE:SOLUSDT Hello all, I hope you're doing well. :) OVERALL METHOD EXPLAINED: In this 4H Solana/USDT Chart, I went trough the overall trend (bullish up until some point in the chart), used the Fibonnaci retracement tool (usually I use the "Golden Area" as of guidance ,from my point of view it doesn't have to be very difficult), identified key areas of support and resistance, and drawed out some waves to help understand any possible direction reversal. A LITTLE MORE IN DEPTH: Price has been trading sideways overall since a while ago, not really forming a decisive direction. Therefore at this point, and after dropping so low, it was able to sustain itself for a bit around the 17 range. After (most recently) going on up until the 21 range and maintaining the price there, with all the analysis and specially regarding the waves and the fact that it is sustaining in the 21 range, the fibonnacci helps see the TP at 34.91 and SL at 15.46 , forming a RR of 2 , which I see as safe, since upon continuation of this possible reversal there's always the possibility of moving the SL to breakeven or etc. (according to each ones methods). What is your point of view? Will the price do as I mentioned, or similar? Let me know, and give me a boost if this makes sense to you! Have a great day y'all.
Long
by harfi7520
1
SOLANA and Mass Adoption drive the coinBINANCE:SOLUSDT Solana make a partnership with Google Cloud and in next year we probably can see a digital EURO based on Solana blockchain ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️This is a global chart. Downtrend line broke and 22 August wee saw retest on D1 ➡️Long time period in accumulation zone -0.27 zone by fib usually investments area ➡️In case if SOL capitulate by my opinion last stage for SOL is 19-17 yearly support zone ➡️Strong signal to buy on Direction indicator confirmed ➡️Not sure in middle term if Sol will break previews ATH so minimal target where you can take a profit is 160-168$ per Sol ➡️Mass Adoption for next bull run can push price higher for SOL but remember - the big investors bought this coin on pre sale at 0.20 cents! 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. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
SOLUSDT ShortAccording to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H). I am anticipating the price will break out of the smaller timeframe channel, retest it, then break out of the larger channel retest it then maybe continue with the bearish momentum. My target is 22.0, which is a major support zone of this coin. So, for the next few days/weeks, let us monitor the price, wait for it to break out, and retest the zones so as to place our trades. Entry price @32.0, Stop Loss @37.0, Tp1 @27.0, and Tp2 @22.0. Remember, only risk 1-2 % of your account.
Short
by Vapari_Inc
SOL (Solana) Coin Analysis 03/04/2022Fundamental Analysis: 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 6 in the CoinMarketCap ranking as of April 2022. This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since then and made a new All Time High of 260, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $260 on November 06, 2021. Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the "Visa of crypto." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics. This has led to a retrace in the price of SOL as of February 2022, and more short-term bearish price action cannot be ruled out. However, in the long run, Solana should appreciate thanks to strong support from exchanges like FTX. Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain. The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it. The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry. 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. The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market. The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market. Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI). The current CoinMarketCap ranking is #6, with a live market cap of $44,775,942,866 USD. It has a circulating supply of 325,986,610 SOL coins and the max. supply is not available. We have Analyzed the Market Capitalization of this Asset: Technical Analysis: There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. The bullish Trend has already Started and we can notice the Strength. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 48.6% Fibonacci Retracement level from its ATH; it means that, it has broken the 61.8% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates. Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle. Our Past Analysis: Initial Asset Acquisition:
Long
by BitonGroup
6
SOLANA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on SOLANA as price rejected an important area of institutional figure somewhere around 80.00 zone, a risk long entry should be from there. But a more conservative entry would be if price will go above the last highs that will shift the strucutre from bearish into bullish. BITCOIN is very bullish meaning altcoins could go higher because of that, fear/greed index and market seasonality tells us its the best time of the year to enter TRADES. We also have a lot of bearish imbalances aka price inefficicency somewhere around 133 / 166 and price should be magnetized there What do you think ? Comment below..
Long
by AnonimFXRO