Solana hits new ATH of $264. Is $300 next?As Bitcoin surpasses the $99,000 mark, with a new all-time high of $99,314, Solana shares the momentum to hit a new ATH. With a 10% surge in the last 24 hours, the bull run in SOL price powers tailwinds for other altcoins.
In the weekly chart, the SOL price action showcases a descending triangle breakout rally, completing a cup and handle pattern. This pattern breakout with the neckline at the $249 mark has resulted in a new all-time high for Solana.
Currently, it is trading at $257, with a 24-hour high of $264. As the bullish trend continues, SOL price action is on the verge of completing the third consecutive bullish week.
As Solana is trading at uncharted levels, the underlying bullish momentum is teasing an uptrend continuation. Furthermore, with the broader market recovery at play and Bitcoin inching closer to the $100,000 mark, Solana is likely to hit the $300 mark.
What is more, MACD is also showing a strong bullish reading via positive crossover and a spike of bullish histograms.
Based on the Fibonacci levels, the upside price target for Solana is at $602.92. This price coincides with the 1.272 Fibonacci level on the logarithmic chart and makes $300 a potentially easy target.
On the flip side, a retest of the $250 breakout is possible if the buying pressure recedes.
Solanausdtlong
SOL @ 18 days TFTell me what you think about it
- Inverted
- Forming a setup for a breakout to 50 ~ 80 SOL price range
$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.
SOLANA stiil in Uptrend ScenarioSOLANA stiil in Uptrend Scenario. Seem support looks strong on EMA 50 TF 1D, Trendline Area and Support Fibonacci 0,618 area.
The target around 263 and 324 for new ATH. As long as BTC calm it will happen soon. Until now is good sign of bullish eventhough there is correction.
Solana (SOL) 1H Near Future PredictionsTechnical Analysis Summary
SOL/USDT
TREND ANALYSIS
We have 3 downtrend which is currently active in red
The wider the stronger the downtrend
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Yellow support level are levels from the past (more for explanation purposes rather than entry points)
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
SOLANA will rise up in the following daysSolana will rise up, it's the best time to buy. as you can see it's now trading for around 195.25 dollars. and it's the best time to buy. also as I'm sure you have noticed, I don't like to do STOP LOSES or TAKE PROFITS when trading Crypto. because even if the price falls below, just give it time and it will rise up again. however, not like when you are doing CFD (contra for differences), then you need to make a stop loss. I really advise you now to buy and now since it's below 200 dollars. it will rise up to 250 dollars sooner. but when and how. let's leave them up to time.
thanks !!
Solana (Sol) Update 20/09/21: Solana New ATH, the road to $309 Solana (Sol) Update 20/09/21: Solana New ATH, the road to $309. Solana looks like one of those Alt-coins that will match BTC performance and may even outperform BTC in Q4 with an already explosive growth during the last 3 quarters. From here it is important to see SOL reacts to the ATH price price around $195 to $216. Since reaching a new ATH on the 9th September @ $216, Solana been struggling to regain enough momentum to break above the 78.60% since September 11th when Sol retraced by of 40% from $190 to $115. Sol has been consolidating in the range between $168 and $138 range for over a month (36 days). From here we can expect a break above the 78.60% and a retest of the ATH at $216.
Our current price Targets for Solana from the current price:
127.20% Fibs at $257 (50% Gain)
161.80% Fibs at $309 (78% Gain)
261.80% Fibs at $459 (166% Gain)
423.60% Fibs at $702 (305% Gain)
Please see previous analysis below. Happy Trading :)
9/09/21:
Just over six days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year. Within the last three days, Solana has gained over 49% in value, hitting our target at the 161.80% fibonacci level. From a quantitative, technical view It looks like Solana has topped. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target at the 161.80% fibonacci level @ $210 was met, the next target from here is at the 261.80% Fibonacci level (60% gain from current price level).
6/09/21:
Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level).
Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :)
We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :)
Key Info on Solano:
It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
SOL IN ACCUMULATION ZONESOL seems to be in the buying zone right now. Anything below $150 is a good price to get in. If it does come down to $130 price area, that would be a steal. This might be your last chance to get on the SOL train before the phase 3. Long term price target is $267.
DYOR, Manager Your Risk. Technical Analysis is not a financial advise.
Solana Update 06/09/21: New ATH $154Solana is now at a New ATH $154. The Solana Moonshot is clearly leading DeFi Summer. Three days ago Solana was just 5% from the $150 price target forecasted at the beginning of the year, It has grown over 10% since then. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $136-$121 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level).
Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :)
We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :)
Key Info on Solano:
It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.