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Solanausdt

SOL/USDT bullish momentum? 👀 🚀 Solana today analysis💎SOLUSDT! We've observed it facing rejection from the upper supply, yet it's reigniting its bullish momentum, with substantial volume bolstering the bullish journey. 💎 A brief look back shows Solana breaking free from a descending channel, charting an upward course. Interestingly, while it previously breezed past the 23.40 supply level, it's now giving due respect to the 24.77 mark. This suggests that what was once a supply zone is now acting as a demand zone. With this transformation, there's a strong sentiment that the price might embark on a bullish journey from here. 💎 However, always be prepared for every twist and turn. If, due to prevailing market dynamics, the price struggles to sustain its bullish momentum and dips below the 22.56 mark, there's a possibility it could descend to the 19.31 level. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
Long
by MyCryptoParadise
SOL: Falling Wedge BreakoutSolana (SOL) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern and back above 200-day moving average (~$21), which signals bullish trend reversal with upside potential to $25-30 resistance zone. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
Long
by altFINS
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse: Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for SOL Solana is $14.30. Looking forward to read your opinion about it!
Short
by TopgOptions
4
Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Solana. During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside. Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:SOLUSDLong
by basictradingtv
29
SOL: Falling WedgeSolana (SOL) technical analysis: Trade setup : Price was rejected at a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Now it’s consolidating in a Falling Wedge pattern. We wait for a breakout, ideally back above 200-day moving average (~$21) to signal bullish trend reversal with upside potential to $25-30 resistance zone. Trend : Downtrend on Medium-Term basis and Neutral on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $12. The nearest Resistance Zone is $20 (previous support), then $25 – $30, and $38.
Long
by altFINS
SOL: Pullback in UptrendSolana (SOL) technical analysis: Trade setup : Price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
Long
by altFINS
2
SOL: Pullback in UptrendSolana (SOL) technical analysis: Trade setup : After price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $20 (previous resistance), then $15. The nearest Resistance Zone is $25 – $30, then $38.
Long
by altFINS