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SOL (Solana) Coin Analysis 24/03/2021Fundamentals: Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well. The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 42 in the CoinMarketCap ranking as of February 2021. Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox. In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. Technical Analysis: there some chance of trend retracement to the lower prices like Fibonacci Retracement 61.8% or 76.8% but ultimately This Coin will climb the higher prices as it has a very good Fundamental Potential there are total of 3 Targets specified with Fibonacci projection where as the 3 TP gets its Confirmation as the 2 TP gets triggered followed by some price Correction.
Long
by BitonGroup
7
$SOL Swing Long Breaks Through Downward Wedge (TP Targets)Congrats to those who did enter Solana as it nearly retraced exactly to the 0.5 fib level. This breakout has the potential to go move back up to the $250 zones. With the 20 EMA close to crossing over the 50 EMA and 200 EMA, Solana can potentially range between $500 to $1000 In the next upcoming months or year. Those who entered around the 0.5 level, maybe slightly higher, or even on the break out are now over 60% in profits. Targets for $SOL: 111.10 - 125.26 - 143.83 - 171.48 - 208.23 + SL: Move your stop losses to 97.5 We could potentially see a move down to the 100 - 110 area however if the daily closes above the 200 days EMA, expect SOL to continue moving up even higher than its current price.
Long
by yoyokenwan
BTC LONG, HOLD, ACCUMULATE to make the most of the bullish swingBitcoin we are in LONG Swing and you? Entry point aprox: $ 41k TP aprox range: $ 83k - $ 123k Some of the signs: 1) Support 100 to 1W media 2) Lows increasing January 24, February 21 3) Current increasing lows 21 January 2022 with 19 July 2021 4) Crossing RSI Ashi 50% to the upside 5) A total cancellation of 5 months and if we calculate the maximum of May 2021 it is almost one year. One year of profit-taking with solid supports and a clear long-term uptrend. Our strategy is LONG, HOLD, ACCUMULATE to make the most of the bullish swing For more information contact us privately LPI.sa
COINBASE:BTCUSDLong
by LPI_Investments
2
Solana (SOL) to $310 in Q3-2023 (continuation 2)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern is officially broken and we have officially entered the bull market. The current trading at $109 is following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge, that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
2
Solana (SOL) to $310 in Q3-2023 (continuation)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern seems to be broken , it's following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. That said, it would indeed be a good time to buy if you would follow this idea. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge , that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
5
Solana possible LONG target $127.5/$128Folks, Here is the chart for Solana.. A possible buy around $109.. depending on how price action unfolds. There is this possibility of a reversal because of the resistance we hit.. (double top) The 1st reversal was minor and was bought up immediately and followed with 2 bull bars. That is buying pressure. But still I want confirmation of higher probability and at least price to close around or above $109. Always do your own due diligence. Feel free to comment, share and hit the like and follow..
FTX:SOLUSD
by King_Hustle_Grind
SOL/USDTHey Dear Traders, Hope you doing well, in the last Technical Analysis idea which I published on 23rd March where the price was at 88 and 89, I predicted two Targets 96.00 and 104.57 which met accurately. Surely the RSI was indicating a dump so it did happen, now what we should do? well, everything is clear on the chart again :) Hopefully you get the levels for both long and short scenario. Do give a like and comment if my predictions were accurate for all the crypto tokens which I uploaded.
by javidamiry