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Can Solana (SOL) Test The Highs of $70?Solana (SOL) Solana has been following an upward trend. The asset has increased by 400% in the past two months, one of the best performance rates among altcoins in the top 100 by market capitalization. SOL is currently trading between the support zone of $51.2-$54.7 and the resistance range of $62-$68. The most likely scenario remains a continuation of the growth trend. If Bitcoin's upward trend continues, SOL might test the next highs at $70 and $75. Any correction in Bitcoin's chart is likely to similarly affect SOL's price. The next support levels for SOL lie at $47.2 and within the range of $37.80-$42. A rapid and voluminous decline in BTC could lead to Solana losing many of its support zones, thus making trading with limit orders highly risky at this moment.
COINBASE:SOLUSDLong
by DEXWireNews
SOL DEX Adds 3 Billion in New Trading Opportunities - Time to GoSOL DEX (decentralized exchanges) has recently added a staggering 3 billion in new trading opportunities, and it's time for you to take advantage of this exciting opportunity! Imagine the possibilities that lie ahead as Soldex and Raydium, the leading decentralized exchanges, expand their trading volume by billions. This remarkable achievement not only demonstrates the growing popularity of SOL but also signifies the immense potential and trust placed in this cryptocurrency. Now, you might be wondering, "What does this mean for me?" Well, let me tell you - this is your chance to go long on SOL and ride the wave of success! With the addition of 3 billion in new trading, SOL is poised to experience substantial growth and present you with potentially lucrative trading opportunities. Why should you consider going long on SOL? Here are a few compelling reasons: 1. Unprecedented Trading Volume: The addition of 3 billion in new trading opportunities has catapulted SOL to new heights, attracting a diverse range of traders and investors. This surge in trading activity presents an ideal environment for profit potential. 2. Strong Market Demand: SOL has been gaining significant attention and recognition within the crypto community due to its innovative technology, scalability, and robust ecosystem. As more traders flock to SOL DEX, the demand for SOL is expected to surge, which can drive up its value. 3. Future Growth Prospects: SOL's impressive track record and continued development make it a promising investment option. With its commitment to scalability, security, and efficiency, SOL is well-positioned to become a leading force in the crypto market. So, what are you waiting for? Seize this opportunity to get in on the action and go long on SOL today! The momentum is building, and you don't want to miss out on potential gains. Remember, success often favors those who act swiftly and decisively. Don't let this incredible chance pass you by! Take the leap and go long on SOL now.
COINBASE:SOLUSDLong
by bryandowningqln
Journey with Sol (EMA 20 > 50 & 100, and RSI balanced at 58Solana is then a shining star that has been catching the attention of experts and investors alike. What makes Sol truly special? Let me paint you a picture: imagine a scenario where the Exponential Moving Average (EMA) 20 is soaring above both EMA 50 and EMA 100, indicating a bullish trend. Simultaneously, the Relative Strength Index (RSI) holds steady at a balanced 58, signaling a perfect equilibrium between buying and selling pressure. Now, doesn't that make your inner trader dance with joy? Given these promising indicators, I wholeheartedly encourage you to consider getting on board with Sol. This gem has the potential to bring some serious sunshine to your portfolio. It's time to capitalize on this golden opportunity and embark on an exciting journey towards profitability. So, don your shades and join the ranks of successful traders who have already aligned themselves with Sol. Take action today and seize the moment to go long on Sol, setting sail on a happy and prosperous trading adventure. Remember, opportunities like this don't come around every day. Let Sol light up your trading path and help you achieve your financial goals. Don't wait! Start your sunny journey with Sol today!
COINBASE:SOLUSDLong
by bryandowningqln
2
SOL: Pullback in UptrendSolana (SOL) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price rallied over 200% to $60 resistance where it paused briefly and broke through it. There was a Bearish RSI Divergence that formed after price made a Higher High but RSI made a Lower High. Price could pullback to $47 support area, which is close to a 50% Fibonacci retracement level as well. That could be an attractive swing trade entry in Uptrend. Price appears poised to continue its run and revisit $80 resistance. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $38. The nearest Resistance Zone is $60, then $80.
Long
by altFINS
1
Bitxer's SOL/USDT Analysis - Spot On🌟 Bitxer's SOL/USDT Analysis - Spot On! 💥📊 🎯 Analysis Validation: SOL/USDT's recent movement aligns perfectly with Bitxer's analysis. As anticipated, SOL/USDT hit the projected mark at 66.52. 🔍 Accuracy at Its Finest: Bitxer's insights continue to deliver 100% accurate predictions. 🚀 Stay Connected for More: Keep following Bitxer for dependable and precise market signals. 💡 Insights for Success: Bitxer aims to provide you with the best trading guidance for success. Stay tuned for further insights and accurate signals from Bitxer! 🌟📈🚀
by Bitxer_PK
Is it a Good Time to Invest in SOL?Solana has overcome the peak of market FUD, highlighted by news of the bankrupt FTX exchange holding over $1 billion in SOL tokens. The market digested this setback smoothly, and even the token sales involved in FTX’s legal case didn't plummet SOL's price. Following this, the news landscape around Solana began to stabilize and even shifted to a more positive tone. For instance, Solana Labs recently initiated an incubator to draw startups to its blockchain platform, aiming to entice developers from other blockchains. Activities include a hackathon and an accelerator program for projects in AI development. The company also continues to form significant partnerships with other projects. In late September, Visa integrated USDC stablecoin payments via the Solana blockchain, and shortly afterward, Solana Pay was incorporated into Shopify. An additional contributing factor to the network's rising popularity is the increased transaction fees in EVM networks. While Ethereum's Gwei was around 8-12 during the summer, it has now escalated to over 30+. These elevated fees have made users hesitant to use the Ethereum network, positioning Solana as an appealing alternative. Solana’s TVL Increases Slower Than Its Price Data from the analytical resource DeFiLlama shows that the Total Value Locked (TVL) in the Solana network is currently $538 million. Solscan reports this figure at $215 million, but it does not account for many decentralized applications. More crucial than the absolute figure of the locked funds is the rate of increase. While the SOL cryptocurrency's price soared by 150% in three weeks, the TVL only saw a 75% rise. Since roughly half of the funds in DeFi protocols are locked in SOL coins, the rise in the dollar equivalent of TVL could be simply attributed to the increase in SOL's price. This trend suggests that DeFi user activity has not grown significantly, and the price increase in SOL is primarily driven by retail investors. Insights The all-time high for the cryptocurrency is at $260, and the asset is currently far from reaching this level. A similar situation is observed with the TVL indicator: its all-time high was $10 billion, which is 20 times greater than the present figures. This disparity suggests room for further growth in SOL's price, but this would require an increase in activity within the DeFi sector, not solely from speculative investors. Additionally, it's worthwhile to pay attention to tokens within the Solana ecosystem related to decentralized exchanges, lending protocols, NFT projects, and others. When the SOL price is stagnant, these assets can demonstrate significant growth, offering greater short-term potential than the main SOL coin. Regarding the overall uptrend, it's expected to persist as long as there's a rise in Bitcoin (BTC).
COINBASE:SOLUSDLong
by DEXWireNews
New Solana consolidation pattern! (p1)This idea I will explain in 2 different charts. This is the "micro" (and the super micro is seen in the 1 min chart). I'll post a 72min chart next to this one where one can clearly see the levels. Anyhow, consolidation is taking place at the 0.5 and currently at the 0.382 level. This las micro pattern of consolidation has an entry point at 53.11 (remember this number) Further micro patterns may have a different entry point, but all of this is happening at the macro zone between 0.5 and 0.382. This consolidation has its target at the 69-71 level which is again a huge move. Lets see what happens. Don't forget to look at chart 2 for this idea.
Long
by drporta
SOL SOlANA Technical Analysis And Trade IdeaEngaging in a meticulous examination of Solana's charts uncovers a retracement pattern from its recent high, prominently evident on the 1D and 1W timeframes, we consider a further pullback. The pivotal consideration revolves around whether this retracement will escalate to a 1W entry point, or if there's a potential for a strategic entry at a 1D retracement level. Our video delves into the SOL analysis across these time frames, identifying two possible trade opportunities grounded in market structure, price dynamics, trend analysis, and other critical aspects of technical analysis. It's crucial to emphasize that the insights presented in this content are intended strictly for educational purposes and should not be interpreted as financial advice. Participating in the cryptocurrency market inherently carries a substantial level of risk, and as such, it is imperative to judiciously integrate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these dynamic markets.
Long
by fxtraderanthony
SOL: Resistance BreakoutSolana (SOL) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price rallied over 200% to $60 resistance and broke through it. Even though it is overbought (RSI > 80), it appears poised to continue its run in the near term and revisit $80 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $38. The nearest Resistance Zone is $60.
Long
by altFINS
Solana Skyrockets to New Highs! Seize the OpportunitySolana, the rising star of the crypto market, has just hit a new milestone by surging above $45, accompanied by positive MACD moves. This is an incredible moment for all of us, and I encourage you to seize this golden opportunity to long Solana! The recent surge in Solana's price is nothing short of remarkable, and it's a testament to the immense potential and growing demand for this remarkable cryptocurrency. With its lightning-fast transactions, low fees, and robust scalability, Solana has set itself apart from the competition, captivating the attention of both traders and investors alike. Now, with the price soaring to new heights, it's time to ride this wave of success and maximize our potential gains. The positive MACD moves further reinforce the bullish sentiment surrounding Solana, indicating a strong upward trend. This technical indicator, combined with the fundamental strength of Solana's ecosystem, creates an irresistible opportunity for traders like us to capitalize on this upward momentum. So, what are you waiting for? It's time to take action and make the most of this thrilling moment! Here's your call-to-action: Long Solana now and position yourself for potentially massive profits. By going long on Solana, you'll be joining a vibrant community of traders who share your excitement for this revolutionary cryptocurrency. Remember, successful traders are those who recognize and seize opportunities when they arise. Solana's meteoric rise presents an ideal chance for us to ride the wave and potentially reap substantial rewards. Don't let this moment slip away! To get started, I recommend conducting thorough research, analyzing the market trends, and formulating a sound trading strategy to ensure you make informed decisions. Consider setting stop-loss orders to protect your investments and always stay updated with the latest news and developments surrounding Solana. Let's embark on this exciting journey together and make the most of Solana's incredible surge! Long Solana now and position yourself for a potentially profitable ride. Wishing you all the best in your trading endeavors!
COINBASE:SOLUSDLong
by bryandowningqln
SOL 4HR Analysis - Will the Bull Channel Breakout Continue!?Solana has broken out of the 4HR bull channel and is beginning to pull back to the channel top. Contact with the channel top is a crucial moment in deciding which direction the price is likely to go. A bull signal bar followed by a 4HR confirmation bar (bull bar closing near its top) is what we're looking for to remain long. A bear bar closing near its low below the channel top gives us the inverse indication, that the price will pull back into the channel. Key Points: 1. Bull Channel means we should Always be Long. 2. The channel breakout needs to be confirmed 3. There is a gap between current price and 30EMA/200EMA 4. Bitcoin has touched Weekly Channel Resistance 5. RSI is overbought. A weak indicator on its own, but supports #2-#4 Wait for the confirmation in either direction before trading this. We need more information before we can adequately manage a trade with good probability. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
SOL next targetsNext targets for Solana BINANCE:SOLUSDT Possible Targets and explanation idea ➡️Solana I think have a limitation for this pump till 65-81$ targets before correction ➡️Marked high of May 2021 will be like first trigger. ➡️Take profit line base on Take profit indicator exactly at M fvg ➡️Flags marked also levels for fixation profit before correction ➡️Based on Money Power indicator whales start fix step by step their positions 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"!
by Crypto4light
6
Solana Buying Pressure Keeps SurgingSolana is likely to cross above the upper boundary of the channel, as the price is showing bullish momentum and is supported by the 9-day and 21-day moving averages. The coin could rally towards the next resistance levels at $46.84 and $50.00, where it may face some selling pressure. However, if the buyers fail to sustain the price above the moving averages, the coin could drop towards the lower boundary of the channel, where it may find some buying interest. The price is trading above the 50-day and 200-day exponential moving averages, which are acting as support levels. However, the price is also facing resistance at the upper boundary of a descending channel that has been forming since the all-time high of $216.40 on September 9, 2023. A breakout above this channel could signal a bullish reversal, while a breakdown below the 50-day EMA could indicate a bearish continuation.
COINBASE:SOLUSDLong
by DEXWireNews
2
SOL: Resistance BreakoutSolana (SOL) technical analysis: Trade setup : Trends have inflected to an Uptrend. Following a bullish breakout from Falling Wedge pattern, price rallied over 100% to $47 resistance and broke through it on the 2nd attempt. Even though it is overbought (RSI > 80), it appears poised to continue its run in the near term and revisit $60 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $38 (previous resistance), then $25 – $30. The nearest Resistance Zone is $47 and $60.
Long
by altFINS
Solana SOL price can rise. Do you believe at miracle?)We are impressed by the Solana project, at least because of the way its creators, developers, and holders are fighting for its existence. The last year has been difficult: either the closest possible connection with FTX, or recently Sol was included in the list of "securities" from the SEC. There were also many minor breakdowns, such as the absence of a mined block in the south, etc. But the project survived, the price has remained at a good level, and technically, it doesn't look the worst for an altcoin. And now, perhaps, there is a light at the end of the black streak: there are rumors that $7 billion of FTX has been restored, and the exchange will be relaunched in the next six months. And Solana's developers say they will rewrite the blockchain so that the SEC has no complaints and the community votes in favor. Hmm, maybe another miracle will happen and the SOLUSDT price will shoot up?) There are a lot of liquidity zones above, so it will be difficult for buyers to push the price up, but the positive news background may help. We believe that the medium-term target for t he SOL price of $50 is more than fair, and we'll see what happens next. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
48
Is Solana getting ready to breakout? The next stop is $40+?Hello everyone, today we are going to look at Solana. For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$. Now we can expect a breakdown of EMA-200 and movement to 0.382 Fibo level. After the fixation above this Fibo level, you can expect further growth in the asset up to $47, but maybe we can stop near $40, because there is a strong resistance level of the price, formed in June 2022. This is not a financial advice, everything you do you do at your own risk.
Long
by TradeMyIdea
Solana Corrects into Consolidation – Proceed with CautionSolana (SOL) market has undergone a significant correction and is now consolidating. As a trader, it is crucial to approach this situation with caution and a comprehensive understanding of the current market dynamics. Solana, known for its impressive scalability and low transaction costs, has been one of the standout performers in the cryptocurrency space lately. While corrections can be unnerving, they often present opportunities for astute traders to enter or add to their positions at more favorable price levels. However, it is essential to exercise caution and conduct thorough analysis before making any trading decisions. Here are a few key points to consider: 1. Analyze the Technical Indicators: Take a closer look at the Solana price charts, paying attention to support and resistance levels, moving averages, and other relevant technical indicators. This analysis will help you identify potential entry or exit points and gauge the overall market sentiment. 2. Monitor Market Sentiment: Keep a close eye on the news, social media discussions, and expert opinions regarding Solana. Understanding the broader sentiment surrounding the project can provide valuable insights into its short-term and long-term prospects. 3. Diversify Your Portfolio: As a trader, it is always wise to diversify your portfolio to mitigate risk. While Solana has shown great potential, it is important not to allocate all your resources to a single asset. Consider diversifying your holdings across different cryptocurrencies or other investment avenues to safeguard against unexpected market movements. In light of the recent correction and consolidation in Solana's price, it is crucial to approach trading decisions with caution and a well-informed strategy. The cryptocurrency market is highly volatile, and it is essential to stay vigilant and adapt to changing market conditions. As always, I encourage you to conduct thorough research, consult with trusted sources, and utilize your own expertise before making any trading decisions. Remember, successful trading requires a combination of patience, discipline, and a deep understanding of market dynamics. P.S. If you have any questions or would like to discuss the current market situation further, please feel free to reach out by commenting below. Remember, cautious and well-informed trading decisions are key to navigating the cryptocurrency market successfully.
by bryandowningqln
2