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Solanausdt

SOL/USDT Market Correction OpportunitiesWe are considering a scenario involving the decline in the SOL's value and the initiation of asset purchases. It is worth noting that the current correction to the $79.60 level represents a deviation of more than 37% from the prevailing local peak at $126.21. The price movement chart within the descending channel during the correction indicates a reduction in investment activity and profit-taking. Given the anticipated continuation of the downward trend and considering the potential attainment of price levels around $70 and below, we are contemplating the possibility of strategically re-entering positions in SOL to optimize the portfolio and capitalize on market conditions in our favor.
Long
by Rick_SimpleSwap
2
Short SOL scenarioEnglish I`m applying a very simple strategy with the RSI where I see "an exhausted price" in there, we are going to a 1:3, at least. Crypto market is going up pretty hard, but I believe it is going to have a retracement, before making HH. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Estoy aplicando una estrategia sùper simple con el RSI donde veo un precio con agotamiento allì, vamos por un 1:3. El mercado cripto está súper alcista, pero creo que tendrá un retroceso, antes de hacer un próximo, alto más alto. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis: What is on the chart? (follow the steps) 1) A daily FVG that serves as a support zone. 2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand). 3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'. 4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally. 5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC). 6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level. NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around. As always, enjoy the rest of your day and happy trading!! ;)
Short
by Lexi_Is_Trading
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
Short
by fxtraderanthony
8
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same. What do we see? (follow the steps) 1) The high that set the downtrend. 2) Price wicking in the daily FVG that will serve as our base ('support'). 3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too. 4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure). 5) The expected dump where BTC does too. Hopefully you enjoyed this short analysis and I wish you a lovely day! Happy trading!! ;)
BINANCE:SOLUSDShort
by Lexi_Is_Trading
Solana- Ready for a new leg up to 200In my earlier analysis of Solana, I mentioned that the 130-140 zone was expected to present significant resistance, and there was a high likelihood of a correction toward the 80 zone. True to that projection, SoldUsdt precisely corrected within the specified range and, on three occasions since the beginning of the year, experienced a reversal from that zone. Currently, the coin has retraced to the 100 zone and appears poised to resume its upward movement. Sustaining stability above 100 would place bulls back in complete control, signaling a potential commencement of a new upward trend. While the 125-135 zone might pose some resistance, I believe it would merely serve as a temporary obstacle. Once this zone is surpassed, the path seems clear for an ascent toward the 200 zone. However, it's important to note that a drop below 80 would interrupt this scenario and necessitate a reevaluation of the market outlook.
Long
by Mihai_Iacob
5
SOL Outlook: Solana to outperform Ethereum in Uptrend?Date: January 12, 2024 Overview: Solana's SOL/USD pair has been evaluated within a dual channel setup indicating two potential market directions. The green channel outlines a bullish trajectory, while the red indicates a bearish perspective. Alongside, key historical retest levels and the Z-Score Probability Indicator provide a multifaceted view of the market's sentiment and potential trend strength. Channel Analysis: The green bullish pitchfork highlights a steady uptrend, with SOL recently testing the mid-line of this channel, which could act as dynamic support. The red bearish pitchfork is not currently in play but serves as a visual guide to potential downturns should the market sentiment shift. Key Levels: Key Historical Retest Levels/Supports: SOL has maintained levels above key historical supports at $49.91, $40.15, and $26.36. These levels are crucial for maintaining the bullish narrative. Conditional Probable Boundaries: Future resistance levels are identified at $97.18 (Boundary 1), $165.44 (Boundary 2), and higher at $237.80 (Boundary 3). Breaching these could signal continued bullish momentum. Z-Score Probability Indicator: The Z-Score is currently above the zero line, indicating that price is deviating from its mean to the upside. A Z-Score above 2 often signals a strong bullish sentiment, while readings above 3 could imply overbought conditions and potential for a pullback. The Z-Score's mean reversion tendency is apparent, which will be crucial to monitor for signs of trend exhaustion or continuation. Market Context and Fundamentals: SOL’s performance should be interpreted in light of the overall health of the blockchain and DeFi ecosystem, as well as network-specific updates, scalability improvements, and adoption rates. Fundamental news, such as partnerships, technological advancements, or regulatory changes, can have a significant impact on SOL's price and should be monitored closely. Potential Strategy: Bullish Scenario: Traders might look to add to or initiate long positions on retests of the key historical supports, with the conditional probable boundaries as potential profit-taking points. Bearish Scenario: Should SOL break below the key supports and the mid-line of the bullish pitchfork, it might indicate a shift in market sentiment, and traders could look for short positions targeting the lower levels of the bearish pitchfork. Risk Management: Given the current positive Z-Score, it's advisable for traders to be watchful of potential pullbacks and set stop-loss orders accordingly. The pitchfork channels can be utilized to adjust risk parameters as SOL navigates through these projected paths. Conclusion: SOL/USD is showing signs of bullish behavior, with critical supports holding strong. The Z-Score suggests that the market is currently optimistic, with a watchful eye on the upper levels for signs of overextension. Traders should remain vigilant and responsive to price action at key levels and fundamental news that could sway market direction. This analysis is provided for informational purposes only and is not investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BINANCE:SOLUSD
by meloneusk
📉📈 SOLUSDT Price Analysis 📊💹📆 Recent Correction: Over the last two weeks, SOL has been undergoing a correction. 🔍 Potential Retracement: Possibility of further retracement to test support at $85 or the next support area at $75 - $80. 📈 Trade Opportunity: Long trade opportunity may arise in the support area, contingent on a successful test and hold. 📣 Key Levels: If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150. 🔄 Market Dynamics: SOL's movements are contingent on testing and holding key support and resistance levels. 📰💡 Conclusion: Potential long trade opportunity if support holds at $85 or $75 - $80. Breakthrough of $105 - $110 resistance may signal further upward movement. #SOLAnalysis #CryptoTrading #MarketWatch
Long
by Richtv_official
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
Solana's Rocky Road: Navigating Challenges Amidst Market Trend Solana ( CRYPTOCAP:SOL ), often hailed as the "Ethereum Killer," has recently faced a tumultuous period marked by a significant price dip, sparking concerns among investors. As the broader cryptocurrency market experiences a sell-off, Solana's price has plummeted over 7% in the last 24 hours, dropping below $95. This Idea delves into the key factors contributing to Solana's recent challenges, explores its historical performance, and assesses the impact of recent market dynamics on its future prospects. The Current Landscape: In the midst of a positive trend in the overall crypto market, buoyed by optimism surrounding Bitcoin exchange-traded funds (ETFs), Solana stands out with its struggle to maintain stability. Despite the recent positive momentum, Solana's native cryptocurrency has seen a decline in value, casting a shadow over its performance in 2024. Whale Movements and Market Volatility: One of the contributing factors to Solana's price decline is the erratic behavior of cryptocurrency whales. Recent reports indicate that large amounts of Bitcoin and Ethereum were deposited into centralized exchanges, leading to increased market volatility. Solana, being part of this broader market movement, has experienced a notable drop in price, emphasizing its susceptibility to external factors. Investor Sentiment and Losses: Solana investors have not been spared from the recent downturn, experiencing losses as the altcoin slipped over 7% in the last seven days. Despite its impressive 600% year-to-date surge, Solana is still 64% off its all-time high price set in November 2021. This prompts investors to reassess their positions and raises questions about the altcoin's ability to regain its previous highs. Trading Volume and Market Cap: The dwindling trading volume, down nearly 17% to $2.8 billion in the last 24 hours, suggests a diminishing retail interest in Solana. As the fifth-largest cryptocurrency by market capitalization, Solana's market cap has fallen to $40.5 billion, underlining the need for a comprehensive analysis of the factors influencing its market standing. Stability Concerns and Scaling Issues: While Solana gained popularity as a faster and more cost-effective alternative to Ethereum, it faces its own set of challenges. The network's notable outages and scaling issues from the previous year have highlighted its vulnerability. Solana's inability to process transactions without going offline poses a significant hurdle, prompting stakeholders to reevaluate its status as the "Ethereum Killer." Conclusion: Solana's recent struggles underscore the complexity of the cryptocurrency market, where a confluence of factors can impact an asset's value. As investors navigate through market turbulence, Solana must address its stability issues and scaling challenges to regain confidence.
COINBASE:SOLUSDLong
by DEXWireNews
SOLANA And the Full Picture ( More informative chart )Hi Everyone; today we have one of the best risk to reward Investment opportunity it is more than 1000 times the risk and the chart is look very promising. I expect breaking the previous bear market key point will clear the way to the final target Note: this not the right time to jump on the project, I am just showing the full picture for Solana for the current market Cycle (where it was and where it going) good luck everyone.
BINANCE:SOLUSDLong
by AlQasim_Analysis
3