📈Solana analysis, Weekly insight into price behavior📉BINANCE:SOLUSDT
COINBASE:SOLUSD
Hello Traders, please check out my previous ideas.
In the next few days, Solana is expected to stabilize between near the red area.
If the price breaks below the mentioned area, the price will drop to the level of 14$ (probably price receive support here) and then 13-12 area.
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Solanausdt
Solana's Potential Breakout to $55 - It's Time to Long!
If you've been keeping an eye on the market lately, you might have noticed Solana's impressive performance. This blockchain platform has been making waves and gaining significant attention from both investors and traders alike. With its lightning-fast transaction speeds and low fees, Solana is proving to be a formidable competitor in the crypto space.
But what's got me truly pumped up is the recent price action and technical analysis surrounding Solana. The charts are indicating that SOL is ready to embark on a remarkable journey towards the upper target of $55. This breakout could be a game-changer for those who take advantage of the opportunity to long Solana at its current price levels.
So, why am I so confident about Solana's potential? Let's dive into the details:
1. Bullish Momentum: Solana has been exhibiting strong bullish momentum, with consistent higher highs and higher lows on the charts. This upward trend suggests that there is a growing demand for SOL, and the market sentiment is overwhelmingly positive.
2. Supportive Volume: The recent surge in trading volume for Solana is a clear indication of increased market interest. Higher trading volume often accompanies significant price movements, and it reinforces the likelihood of a breakout to the upper target.
3. Technical Indicators: Various technical indicators, such as moving averages and oscillators, are aligning favorably for Solana. These indicators suggest that SOL is currently undervalued and poised for a potential upward movement.
Now, here comes the exciting part - the call-to-action!
If you're as enthusiastic as I am about Solana's potential breakout, I strongly encourage you to consider taking a long position on SOL. By doing so, you'll be well-positioned to ride the wave of this anticipated price surge and potentially reap substantial profits.
However, as with any investment, it's crucial to conduct your own research and make informed decisions. Keep a close eye on the market, study the charts, and evaluate your risk tolerance before making any trading moves.
Remember, timing is key when it comes to seizing opportunities in the crypto market. So, don't delay! Take action now and position yourself for a potentially rewarding journey with Solana.
Feel free to reach out if you have any questions or if you'd like to discuss further trading strategies. Let's make the most of this exciting opportunity together!
SOL/USDT Mid-term Potential movement Solana Today Analysis Hello Paradisers, spotlight on this token!
💎 SOL has recently broken a support bullish trend, with potential continuation downwards post-retest.
💎Currently, SOL is navigating its demand zone and must reclaim the support trend to aim for a bullish trajectory.
💎However, if SOL struggles to reclaim and pierces through the demand, it might descend toward the Bullish Order Block.
💎In this vicinity, keep an eye out for any robust rejections once SOL approaches the Bullish Order Block. Absence of bullish signals might see SOL venturing further down to a more formidable demand zone. Always remember to trade with prudent money management in place.
Solana Looking for Rise in its Price! {22/10/2023}Educational Analysis says SOLUSDT may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Long?
Broker Binance
Although the SOLUSDT Market is in a downward trend on a daily time frame, On 4 hours it is making higher lows and higher highs.
So one trade is already on with RR is 1:4.85
Disclaimer
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
SOL's Potential Rise of 50% - Let's Ride the Wave Together!I hope this idea finds you in high spirits and ready for some exciting news! I couldn't wait to share with you the potential rise of SOL (Solana) that experts predict could reach an incredible 50% surge in the near future. It's time to buckle up and ride this wave of opportunity together!
SOL has been making waves in the crypto market lately, gaining significant traction and capturing the attention of traders worldwide. With its innovative blockchain technology and a growing ecosystem of decentralized applications, SOL has positioned itself as a serious contender in the cryptocurrency space. Now, with the potential for a 50% rise on the horizon, we have an opportunity to make some serious gains!
So, why should you consider going long on SOL? Here are a few key reasons:
1. Impressive Performance: SOL has shown remarkable resilience and consistent growth, outperforming many other cryptocurrencies in recent times. Its upward trajectory is a testament to its strong fundamentals and the growing confidence of investors.
2. Expanding Ecosystem: Solana's ecosystem is rapidly expanding, attracting various developers and projects. This growth indicates a promising future for SOL, as more applications and use cases are being built on its blockchain, driving demand and adoption.
3. Scalability and Speed: Solana's blockchain boasts impressive scalability and transaction speeds, making it an attractive choice for developers and users alike. This technological advantage positions SOL as a strong player in the race for mainstream adoption.
4. Positive Market Sentiment: Experts and analysts are buzzing with optimism about SOL's future potential, with many predicting a significant surge in its value. This positive sentiment can help propel the price even further, creating a favorable environment for traders.
Now that you're aware of SOL's potential, it's time to take action and seize this opportunity. I encourage you to consider going long on SOL, capitalizing on its upward momentum. However, as with any investment, it's essential to conduct your own research and make informed decisions based on your risk tolerance and investment strategy.
Remember, timing is crucial in the world of trading, so don't miss out on this potentially lucrative ride. Let's join forces and make the most of SOL's upward surge!
#sol #solana Mid/Long Term StrategyI like #solana as a powerful blockchain but my strategy is to buy #sol at discounted prices.
I must remind: THIS IS NOT A SHORT TERM STRATEGY.
+ Rising wedge in mid term (Bearish)
+ Elliott' s correction wave is not accomplished.
Breaking the upper box with weekly closings and volume is the INVALIDATION.
NOT FINANCIAL ADVICE.
SOL: Approaching ResistanceSolana (SOL) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price rallied 20% and reached our target of $25-30 resistance zone. Trends have inflected to Uptrend. Now we wait for price to either 1) break above $25-30 resistance, or 2) pull back to $20 support and 200-day moving average , which could be a swing entry opportunity in Uptrend with upside potential back to $25-30 resistance zone.
Trend : Uptrend on Short- and Medium-Term basis and Neutral 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.
Solana SOLUSDT Analysis: On the MoveThe BINANCE:SOLUSDT pair currently finds itself ensnared within a firm downtrend channel, signaling a potential pullback from the channel's resistance line. However, the market remains on a precipice; a breakout from this confining channel could herald a significant upward move.
At its current price at $21.9, the asset stands at a crucial juncture. In the event of an upward surge, key resistance levels to watch out for include $22.0, $24.0, and $26.0. Conversely, if the price maintains its downtrend momentum, anticipated support levels lie around $21.0 - $20.5 or perhaps slightly lower.
Monitor the price closely, exhibiting patience and vigilance. Any breakout or breakdown from the current channel could yield noteworthy trading opportunities.
Stay tuned for further updates. 📈💹
Solana Skyrockets: Breaking Through Resistance with $30 TargetSolana, the blockchain platform known for its lightning-fast transaction speeds and low fees, has been making waves in the crypto market lately. Its recent surge in popularity is not without reason - Solana's innovative technology and impressive ecosystem have caught the attention of both investors and developers alike.
But let's talk about the breakthrough that has everyone buzzing. Solana's price has been on an unstoppable upward trajectory, and it has now successfully broken through the resistance level that has been holding it back. This is a significant milestone that signals a potential bullish trend ahead!
With this new target of $30, Solana is poised to continue its meteoric rise in the coming days and weeks. The market sentiment surrounding SOL is overwhelmingly positive, and this breakthrough could be just the beginning of an even greater surge.
So, what does this mean for you as a trader? It's time to seize this golden opportunity and consider going long on Solana! By taking a long position, you can potentially profit from Solana's upward momentum and ride the wave of its success.
Don't miss out on this exciting chance to be part of Solana's incredible journey. Here's your call-to-action: consider opening a long position on Solana (SOL) today and position yourself for potential gains. Remember, as with any investment, it's important to conduct your own research and make informed decisions.
Reach out to me with any questions or concerns you may have by commenting below. We're dedicated to supporting you on your trading journey and helping you make the most of this thrilling market opportunity.
Stay tuned for further updates on Solana and other exciting developments in the crypto space. The world of cryptocurrency is constantly evolving, and there's never a dull moment!
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!
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.
SOLUSDT - Ready for big up move!SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $19.50
Buy level: Above $19.40
Stop loss: Below $18.70
TP1: $19.8
TP2: $20.40
TP3: $21.20
TP4: $22
Max Leverage 3x
Always keep Stop loss
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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!
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.
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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🫡
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.