TradeCityPro | WIF: Diving into the Dynamics of a Popular Meme👋 Welcome to TradeCityPro!
In this analysis, I want to examine the coin WIF, which you requested in the comments. This project is one of the famous meme coins in the crypto world, operating on the Solana network, and it has a market cap of $655 million, ranking it 105th on CoinMarketCap.
📅 Daily Timeframe
In the daily timeframe, we are witnessing a downward trend that started from a high of 3.9560 and has continued down to 0.5852. The market volume has also converged with the trend, indicating that the selling pressure has been much stronger than buying.
❌ If you previously purchased this coin, you should have set a stop-loss after the price stabilized below 1.3886. However, if you haven’t done this yet, I cannot specify a stop-loss area for you now because there's a significant support area at 0.4464, and we need to see how the price reacts to this area.
🛒 If you're looking to buy this coin, first of all, I should mention that purchasing meme coins is very risky, and I personally neither buy meme coins nor recommend buying them. But if you want to buy this coin, you should wait for a trend reversal. For a trend change, we need a new structure to form and a suitable trigger to confirm the trend change.
🔼 If the price breaks 0.5852 and the RSI enters the oversold area, we could open a very good long-term position. A break of 34.36 in this indicator gives us the first confirmation of entering bullish momentum, but this confirmation is not reliable at all and only serves to confirm futures triggers.
⏳ 4-Hour Timeframe
In the 4-hour timeframe, I want to specify the futures triggers for you. We also have an interesting ascending channel, to which the price has reacted very well so far, and breaking this channel from any side could provide a good position.
🔍 Currently, it seems there's a range box between 0.5734 and 0.7803, which has timed the price's move from the box's floor to its ceiling.
📈 For a long position after the channel break, you can enter with a trigger of 0.7803 targeting 1.0411 and 1.345, but keep in mind that we've had a very strong downtrend, and this position is against the trend.
🔽 For a short position, our trigger is very clear, and if 0.5734 is broken, you can enter, and your target could be the bottom of the channel.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Solanaecosystem
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!!
TradeCityPro | HNT: Key Support & Potential Breakout Levels👋 Welcome to TradeCity Pro!
In this analysis, I will review the HNT coin. This project is part of the Web & IoT sector and operates within the Solana ecosystem.
📅 Weekly Timeframe
In the weekly timeframe, we can see a consolidation box that formed after a strong upward leg. The bottom of this box is at $3.007, while the top is at $9.696.
🔍 A curved trendline is also visible, which previously supported the price from $1.226 to $9.696. However, this trendline was broken, triggering a downward move. As a result, selling pressure increased, leading to a decline towards the bottom of the consolidation box.
🔽 Currently, the price is at a critical support level that could determine the trend for the coming months. If RSI stabilizes below 36.52, it would indicate strong bearish momentum, increasing the likelihood of a break below $3.007.
⚡️ If this support level is broken, the market structure will change, and the price could drop further to the $1.226 support level.
📈 If the price rebounds from this support and starts forming a bullish structure, the most important breakout trigger will be at $9.696. If this level is broken, the next upward leg could begin, with a target of $30.787.
📅 Daily Timeframe
In the daily timeframe, we can observe the latest price movement in greater detail.
💥 After reaching the $9.210 resistance and facing rejection, bearish momentum intensified, causing the price to decline sharply in a waterfall pattern, dropping to $3.177.
🔑 In waterfall declines, a trendline usually forms, and breaking this trendline typically ends the move, leading to a range-bound phase. Therefore, if the price breaks this trendline, I expect the downward leg to end. Confirmation could also come from RSI breaking above 43.18.
📉 For short positions, an entry can be considered if the $3.177 support breaks. If this happens, stronger bearish momentum could push the price toward the $2.104 support level. However, I believe that if the price ranges and consolidates above $3.177 before breaking down, the short setup would be more reliable.
🔼 For long positions, no clear structure has formed yet. We need to wait for price action to develop and provide valid entry triggers.The first potential trigger is at $4.220, followed by $5.474.However, these levels could shift if a new price structure forms, so I recommend waiting for updated triggers before entering a long position.
📊 Market volume analysis shows that selling volume dominates, with large red candles exceeding the size of green candles during corrections. This suggests that sellers currently control the market momentum.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | RAY: Key Levels and Market Scenarios Unfolding👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing the RAY coin, which belongs to the Raydium project—one of the leading DEXs on the Solana network, processing a significant volume of transactions on the chain.
📅 Weekly Timeframe
On the weekly chart, we observe a strong uptrend that began at 0.162. The first leg of this rally pushed the price to 2.724, followed by a correction, and then another leg extending to 7.215. Currently, the price is consolidating near this resistance level.
🔍 The 7.215 level coincides with the 0.618 Fibonacci Extension, making this a crucial Potential Reversal Zone (PRZ). If this level is broken, the next bullish leg could begin, with a minimum target of 15.803. The next major resistance aligns with the 1.0 Fibonacci level at 21.995. If the uptrend continues beyond this point, further targets will be identified in future analyses.
🕯 On the downside, considering the declining volume and shrinking candlestick size, the probability of a correction is notable. The first support level to watch is 2.724. Additionally, the RSI is hovering near a critical support at 58.34—if this level breaks, the likelihood of a correction increases.
🔽 The next and most significant support level is 0.94. If the price falls below this point, it could signal a shift in the high-wave cycle, leading to a significant downtrend.
📅 Daily Timeframe
On the daily chart, the latest bullish leg started at 1.399 and extended to 6.363. The price is currently ranging between this resistance and the 4.352 support level, which also aligns with the 0.236 Fibonacci retracement, making it a key PRZ in this timeframe.
✨ Yesterday’s candlestick showed a sharp downward move accompanied by panic selling, followed by a recovery back toward the 6.363 resistance.
🔼 For a long position, the first breakout trigger would be 6.363, which I consider the primary trigger. The next breakout level is 8.090, but this was formed due to a fake move. If you miss the breakout above 6.363, you could consider entering upon the breakout of 8.090.
📉 However, yesterday’s volatility liquidated many long positions, causing significant fear among buyers. As a result, there are currently fewer buy orders in the support zones, which could allow the price to continue its downward move.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
If the RSI breaks below 38.94, the probability of a corrective move increases. In such a scenario, the price could retrace to key Fibonacci levels such as 0.382, 0.5, and 0.618. A deeper correction could lead to the 2.724 support level, and if this level breaks, the market trend could turn bearish for an extended period.
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BUYThe price retraced to $0.009 at Fib 0.5 level and consolidated for 10 days. Yesterdays daily candle closed above Fib 0.236 which is the last line of defence for the bear. Today, the price is moving up decisively. Daily momentum indicators also support the bullish momentum.
I bought some when the price broke above the previous month high.
I like both the fundamentals and technical setting of Kwant at the moment. I plan to hold it until the daily MACD or RSI start to form negative divergence.
SOLANA - 900% profit?main idea:
An upward momentum is forming.
At the moment we are in the corrective 4 wave, if we look at the daily candlestick signal, we can assume that we have completed it.
Further I expect growth and formation of the 5th wave, which completes the whole impulse.
The growth target is the area of 656.00 - 1380.00$.
In percentage ratio 400 - 900%. Quite impressive figures.
I'm going in to buy.
I'm targeting maximum targets
As it approaches the designated area, I will keep a close eye on it, so as not to miss the reversal and fix the profit.
Stop - below 121.81
SL/TP ratio - 1/70.
P.S. - who is with me, click on the rocket and subscribe.
$me magic eden $MEUSDmoving forward i am bullish on magic eden... we are traveling in a nice uptrend in a nice channel.... we currently have a fib resistence at $3.77 which i personally think we will retest before the weekend is over...the channel support line is in the low 3.20's if you are looking to add on a pullback...as we approach the $3.776 range keep an eye on !total to see what the marketcap is doing.... if btc dominence is going down and money is flowing into alts, i expect volume to pick up as we push thru the resistence area. if marketcap starts to drop though i can see the price here coming back down to retest the $3.12 current swing low that was created last week. Price for this token dumped hard after an initail luanch of the token sent out 1,000s to some holders, which where dumped onto the market....a lot of investors into this project tho are staking as many coins as possible to maximize the sites rewards. lockup period is thru mid march to end of march....Stay tuned as i will keep you updated on this chart. Give me a like and follow....Share on X.com also if you like my TA and have found it helpful. Thanks
Solana (#SOL): current situation and future prospectsSolana (#SOL): current situation and future prospects
Current Price: The SOL price level remains volatile, reflecting the overall market sentiment.
Trading volume: After a period of low activity, volumes are starting to gradually recover.
Technical Analysis: The price is approaching key support and resistance levels. It is important to keep an eye on the areas around TSXV:XX (depends on the current price) to confirm further direction.
📈 Outlook:
Solana continues to grow the ecosystem and attract new projects. Several factors could influence the future of the cryptocurrency:
Fundamental potential: The Solana network is actively used in DeFi, NFT and other areas. An expanding ecosystem will keep interest in the token alive.
Updates and improvements: Constant updates to the network make Solana competitive with other blockchains.
Investor interest: Increased institutional interest in Solana could be a driver of price appreciation.
⚡ Trading strategy:
Short-term: Given the volatility, SOL is suitable for active traders. Keep an eye on support/resistance level breakouts and trading volumes.
Long-term: For investors with a 1-2 year horizon, Solana remains a promising asset, especially if the cryptocurrency market enters a growth phase.
TradeCityPro | JUP : Prepping for a Breakout👋Welcome to TradeCityPro!
In this analysis, I’ll be reviewing the JUP coin. This token is the native token of the Jupiter project, part of the Solana ecosystem, and operates in Solana’s DeFi space.
📅 Daily Timeframe: Breakout from the Box?
In the daily timeframe, we see a long-term box pattern ranging from a bottom at $0.6818 to a top at $1.2542, with the price currently at the upper limit of the box.
🧩 A rising trendline is also visible, with the price touching it three times so far, each time being pushed upwards.
📊 Buying volume has been increasing from the bottom of the box, and now, after reaching the resistance at $1.2542, the reducing volume during the correction indicates the strength of the trend.
🔼 If $1.2542 is broken, the next resistance level will be at $1.7463. Upon breaking $1.7463, it is highly likely that a new all-time high (ATH) will be achieved.
✨ The RSI indicator also shows a rising trendline, and as long as the price remains above this line, the momentum is considered bullish. If 63.41 on the RSI is broken, stronger bullish momentum is likely to enter the market.
📉 In a correction scenario, if the price trendline and the RSI trendline are broken, the first target will be $1.0289, and the second will be $0.8625.
⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, we can observe the price action in more detail.
📈 If $1.2542 is broken, the price can move towards $1.4619. This trigger looks highly favorable, and I will personally attempt to open a long position if the price stabilizes above this level.
🔽 For short positions, you can consider entering after the trendline and $1.0441 are broken, although I personally avoid opening short positions in the current market conditions.
🔑 As long as the RSI remains above 50, the likelihood of breaking $1.2542 increases.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
WEN: another awakening patternIf you follow me "somewhere else" you saw all those other alts on which I've identified an ascending triangle. Such pattern forms when chart prepares for a break out after a period of dumping/ranging.
I don't believe in memecoins, at least I think they're on the same level of betting which makes them a bad investment. However this one is the only I have faith into. He has been fairly distributed to JUP users, it can count on a community which is alive and is accomunated by JUP, it's in the Solana Ecosystem which is currently the #1 for alts (alts and meme). I've read somewhere the token doesn't have many whales but I'm not sure about this.
However, I got airdropped some and I bought some more. I tried buying 3 more meme in the past and it always went bad. I hope this one, considering the FA it'll go well.
Meanwhile I think FA is on our side. Still a good buy IMO.
Good luck!
PYTH still hasn't awakenedPYTH has not awakened yet despite the entire Solana ecosystem has been pumping following SOL itself. It's weird because we all expect it to be the new LINK. I wanna believe it will start late but will catch up.
I drawed the trendline and the resistance zone to show you that price is currently into a sort of ascending triangle. I'll consider this alts awakened when price will break out that resistance zone up there.
As you can see from weekly chart the recently closed candles was a bullish engulfing one, hopefully this is a sign price will hit the resistance soon although to be honest, on daily timeframe there's a clear bearish DIV on RSI
With current market cap around 1.5 bn PYTH can easily do 10x from here and this is a conservative target. I have a small bag already but I it's still in buy zone.
NOTE: this is a mid to long term TA.
Good luck
Solana Surpasses ETH in Daily Fees What’s Fueling SOL’s MomentumIn a significant milestone, Solana ( CRYPTOCAP:SOL ) has overtaken Ethereum in daily transaction fees, raking in over $4.1 million. The driving force behind this surge is the newfound popularity of AI meme coins, which have spurred a wave of network activity on Solana ( CRYPTOCAP:SOL ), positioning the blockchain for further growth.
AI Meme Coin Craze Propels Solana to New Heights
The meme coin frenzy, spearheaded by tokens like Goatseus Maximus (GOAT) has been the key catalyst for Solana’s recent surge. GOAT has skyrocketed by 40%, reaching an all-time high of $0.7009, with its market cap soaring past $700 million in just two weeks. GOAT, which gained popularity through promotions by AI bot ‘Truth Terminals,’ highlights how AI and meme coins have captivated the crypto community.
This trend is not isolated, as more AI-driven tokens like MEW, POPCAT, PYTH, and RAY are also showing strong performance. These five tokens have gained traction on Solana, with double-digit percentage increases in just a short time. This surge in popularity has made Solana the go-to platform for launching these new-age meme coins, significantly boosting its network revenue.
Solana’s Rise to the Top
Solana’s success isn’t limited to AI meme coins alone. Over the past month, Solana ( CRYPTOCAP:SOL ) has consistently outperformed other top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with SOL gaining 18% in value. At press time, SOL is trading at $174, with a market cap of $82 billion, firmly securing its place among the top five cryptocurrencies according to CoinMarketCap.
Analysts are bullish on Solana’s future, with some predicting a parabolic rally that could push the SOL price toward its all-time high of $2,000. Data from Coinglass shows that open interest in Solana ( CRYPTOCAP:SOL ) has surged by 13.7%, reaching $3.4 billion, while derivatives trading volume has increased by 25% to $9.54 billion in the past 24 hours. These figures suggest that more institutional money is flowing into Solana, setting the stage for a continued price rally.
Technical Outlook: A Bullish Run for SOL?
From a technical perspective, Solana’s price action shows bullish momentum, with CRYPTOCAP:SOL up by 2% at the time of writing, trading above key moving averages. The daily candlestick chart displays a bullish engulfing pattern, a strong indicator that the uptrend could continue. However, the RSI stands at 70.87, signaling that CRYPTOCAP:SOL is approaching overbought territory, which warrants caution. A consolidation phase could see CRYPTOCAP:SOL pull back to the support level of $145.
Nevertheless, market sentiment remains positive, with many analysts pointing out that Solana, like most altcoins, often mirrors Bitcoin’s performance. If BTC shows strength in the coming weeks, CRYPTOCAP:SOL could test the $200 resistance level, potentially paving the way for new highs.
Conclusion
Solana’s ability to surpass Ethereum in daily fees underscores its growing importance in the crypto ecosystem. As the blockchain continues to dominate the AI meme coin space, it is likely to attract more developers and projects to build on its platform. With robust technical indicators and a supportive fundamental outlook, Solana ( CRYPTOCAP:SOL ) is well-positioned for sustained growth, making it one of the top contenders in the Layer-1 blockchain space.
Solana’s recent surge and the attention it’s receiving from traders, developers, and investors alike could mark the beginning of a new era for the blockchain. While caution is warranted due to its current overbought levels, the long-term potential remains significant. As the AI meme coin craze continues, Solana ( CRYPTOCAP:SOL ) is set to remain in the spotlight, with its price action likely to captivate the market in the weeks ahead.
SOL is attempting to break outCurrently SOL is trying to break out from a big asymetrical triangle that could also be some sort of handle of a giant cup. The weekly close is still far from closing so we have to wait to be sure but in a red market this is a good sign.
Weekly chart:
If the break out happens the final target for this leg should be 300 USDT with resistances at 205 and 260.99. When this happens the entire Solana ecosystem should follow.
Good luck
BONK’da Heyecan Verici Simetrik Üçgen!BONK grafiğinde gözlemlerime dayanarak potansiyel bir simetrik üçgen formasyonu var. Fiyatlar daralan bir aralıkta hareket ediyor gibi görünüyor ve bu, yakında heyecan verici bir kırılma yaşanabileceğini gösteriyor! 🚀 Eğer kırılma sırasında hacimde ciddi bir artış olursa, bu hareketin gücünü artırabilir.
Eğitim Çalışmasıdır, Yatırım Tavsiyesi Değildir!
RaydiumRAY - Is a Solana DEX Play
Reason To Consider
1. DeFi maybe Blockchain top use case
2. High-Speed Transactions
3. Low Transaction Fees
4. Deep Liquidity
5. Staking Rewards
6. Cross-Chain Compatibility
7. User-Friendly Interface
8. Strong Community
9. Partnerships
10. Solid Governance
11. Growth Potential
I believe this token will perform very well for the rest of the Bull.
Easy 6X if RAY catches 50% of UNI or just returns to all time high.
TRADE SAFE
Slerf is poised to rebound hard...The large #memecoins on #Solana
Have provided a wealth of opportunities
We must appreciate their strength and wonderful gains they have brought people
Their is no use crying on the sidelines that your coins aren't pumping
When we see what #WIF , #BONK have been doing
Keep you core coins that you like
but also if you bringing in fresh FIAT into this casino
I like Slerf at these depressed levels
as it may rise up in sympathy as Solana takes aim at a new cycle high.
The bollinger bands are squeezed in
the slow stochastics are perky
and we have our higher lows in place.
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
WEN long ? soon long WENI see WEN "CAT-coin" as a "safe bet" this bull market - strong community, utility, and big challenger to dog-coins.
After big sell off I try to find a good entry - and I think we are there now.
I see a potential 93% trade with a couple of TP zones.
I don't think it's completely wrong to put a small bet before the break of the trend - why not add to the position later, if you have conviction.
Solana Meme Coin BOME Surges With 300% Daily GainsSolana's ecosystem has birthed a new contender: $BOME. This Solana-based meme coin has caught the attention of investors and enthusiasts alike, experiencing an explosive surge of 300% daily gains. With its market cap soaring to $996 million and a listing on Binance sparking further momentum, ECONOMICS:BOME has emerged as the leader of the meme coin rally within the Solana ecosystem.
The Meteoric Rise of BOME:
BOME's journey to prominence began with an astounding 292% daily gain in its price, propelling its market cap to unprecedented heights. A significant transaction, where 12,721 SOL tokens were exchanged for 314 million BOME, underscored the fervent interest surrounding this meme coin. Investors witnessed their investment more than double within a remarkably short span, exemplifying the potential and allure of BOME within the crypto space.
Catalysts for Growth:
The listing announcement on Binance served as a catalyst for further gains, catapulting BOME into the spotlight of the meme coin market. This official recognition from one of the world's leading cryptocurrency exchanges validated BOME's potential and fueled renewed enthusiasm among investors. Moreover, BOME's swift listing on both Binance and Bybit futures platforms further solidified its position as a frontrunner in the Solana ecosystem's meme coin rally.
Leading the Charge:
BOME's meteoric rise has not occurred in isolation but rather as part of a broader meme coin rally within the Solana ecosystem. Other assets such as Sillycat (SILLYCAT), Gigachad (GIGA), Samoyedcoin (SAMO), Pepecoin on Solana (PEPE), and Loaf Cat (LOAF) have also experienced significant gains, signaling a collective surge in investor interest and engagement.
The Future of BOME:
As ECONOMICS:BOME continues to captivate the market with its exponential growth and listing on major exchanges, the spotlight remains firmly fixed on its future trajectory. With its price currently standing at $0.020 according to Coinmarket cap data, ECONOMICS:BOME represents not only a lucrative investment opportunity but also a testament to the innovative spirit of the Solana ecosystem. As investors eagerly await further developments, one thing is certain: BOME's ascent marks a new chapter in the evolution of meme coins, redefining the boundaries of possibility within the crypto landscape.