SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) was one of the notable gainers in the market on Monday, as the token climbed above the 35.00 mark.
Following a low of 32.29 on Sunday, SOL/USD rose to an intraday high of $35.17 to start the week.
This is the highest level the cryptocurrency has hit since November 6 last year, when the price was trading above 37.00.
Solana was one of the biggest tokens to fall following the FTX fraud scandal, however, the price has made steady gains since then.
Today’s surge comes as the relative strength index (RSI) rallied above a ceiling of 74.00, and now sits at 77.33.
SOL remains above 35.00 as of writing, however, bulls could begin taking profits in the coming days.
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Sollong
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) surged significantly higher in today’s session, after finally breaking its long-term ceiling at 25.00.
After trading at a bottom of 24.17 on Thursday, SOL/USD jumped to an intraday high of 27.29 earlier today.
Friday’s move is the highest point that solana has hit since July 20, when the price peaked at 27.35.
As a result of this strong sentiment, SOL has risen into overbought territory, with the RSI climbing to a current reading of 74.60.
A point of resistance now awaits current bulls at the 75.00 mark, and should they prevail, solana could capture 28.00.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders.
Chart Analysis:-Solana (SOL) extended its own gains to start the weekend, as the cryptocurrency finally rose above 22.00.
SOL/USD peaked at 22.20 earlier in today’s session, which comes following Friday’s low at the 21.39 level.
Earlier gains have since eased as the day matured, which came after bulls began to close previous positions.
One reason for this can be attributed to the RSI, which collided with a ceiling around the 53.00 region.
the index is tracking at 53.02, with solana trading at 21.92, as momentum begins to shift.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders.
Chart Analysis decided to take a break this week and did not make a second attempt to break the resistance at $25. Nevertheless, it still managed to book a 15.6% price increase, making it the best performer on our list.
There is good support at $22, and buyers should return there if the price continues its current correction. Overall, SOL remains in a clear uptrend, and it could try to break the resistance at a later time after this pullback ends.
Solana still has a good opportunity to explore higher levels later in October. The current targets on the chart are $25, $28, and $30.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- solana (SOL) also rallied strongly on Friday, rising above 20.00 in the process.
SOL/USD climbed to a high of 20.32 earlier in today’s session, following Thursday’s low at 19.22.
This surge has seen solana hit a nine-day high, which comes after three straight days of bullish momentum.
the uptrend comes as the 10-day (red) moving average rose above its 25-day (blue) counterpart.
Bulls are likely now targeting a higher resistance level of 21.00, which would result in a four-week high.
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solana (solusdt) longSolana is in a good location for shopping. This pattern is called positive head and shoulders. Domain
Collar 20.50 from this pattern. After breaking this level, the pattern is complete and the appropriate entry point in this pattern is after the pullback. There are two positive factors in this currency that increase the probability of success in this transaction. One is the shoulder pattern and the second is the breaking of the descending channel (which is both well broken and pulled back to the level of the same channel and Solana's ascent has begun). "Attention! Solana do not break the collar, the pattern is not perfect"
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana bulls pushed the token toward the 20.00 level on Monday, as markets geared up for a key week of U.S. economic data
SOL/USD peaked at 19.95 to start the week, which comes following a low of 18.65 the day prior.
This surge in price pushed solana to its strongest level since September 8 when the price was last above 20.00.
Looking at the chart, the move comes as the 14-day relative strength index (RSI) rose above a key ceiling at the 49.00 mark.
the 50.45 mark with the next visible ceiling at 53.00
In the event price strength rallies beyond this point, SOL will likely be tracking around 20.50.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) maintained a bull run of its own today, as it too rose higher for a fourth consecutive day.
Following a low of 18.77 on Thursday, SOL/USD edged to a high of 19.26 earlier in today’s session.
The rally saw solana once again break out of a ceiling at 19.20, however like yesterday bulls were unable to maintain this move.
SOL has since edged lower and is now trading at 18.95, with the RSI hovering near a hurdle of its own.
The index is now tracking at 41.98, which is just below the aforementioned resistance level of 42.00.
In order to push towards 20.00, solana bulls need to force a breakout in the coming days.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) was also in the green during today’s session, as it rebounded from a recent multi-month low.
SOL/USD peaked at 18.66 on Tuesday, which comes a day after the token bottomed out at 17.46.
Monday’s low saw solana fall to its lowest point since June 30, when the price was at a low of 17.12.
Earlier gains have somewhat faded, however, as bulls were unable to penetrate the ceiling at the 19.00 mark.
This has led to traders opting to secure their profits, instead of keeping positions open at this point of uncertainty.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) surged higher on Tuesday, as sentiment in the token has remained largely bullish in recent days.
SOL/USD peaked at 25.24 during today’s session, which follows up from a low of 24.35 to start the week.
This climb saw solana trade at its highest point since July 29, when the price reached a high of 25.39.
The move came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart.
Should upward momentum continue to intensify, the next target for traders will likely be around the 26.00 mark.
At the time of writing, SOL is trading at 24.82.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards 25.00.
SOL/USD jumped to a high of 24.91 on Wednesday, a day after falling to a bottom at the 23.21 level.
this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the 25.00 ceiling.
This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27.
In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above 25.00.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) also made strong gains on Tuesday, with bulls pushing price towards the 24.00 level.
After starting the week at a low of 22.49, SOL/USD raced to an intraday peak of 23.68, earlier in the day.
Momentum seems to have shifted in favor of the bulls, with solana now trading at its highest point since last Wednesday.
This is now the third consecutive day that SOL has edged higher, resulting in the RSI nearing a collision with a ceiling at 53.00
Currently, price strength is tracking at 51.87, with a move to the aforementioned target likely to result in SOL moving above 24.00.
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SOL/USDT 1DAY UPDATE !!Hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Solana (SOL) moved past the 20.00 level earlier in the day, hitting a one-month high in the process.
SOL/USD surged to an intraday high at 20.32, which comes after falling to a bottom at 18.50 the day prior.
This rally has resulted in the world’s ninth-largest cryptocurrency hitting its highest level since June 6.
SOL has since slipped, with bulls unable to sustain a breakout of the 20.00 price point.
This was in part due to the RSI failing to breach its own resistance zone, which was around 61.00.
SOL’s price strength is now sitting at 57.72 and appears to be heading for a lower floor near the 52.00 area.
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Solana – Low risk – High Reward TradeTLDR:
• If SOL can reclaim the range low, it could be a lucrative long trade; possibly a 70% profit.
Background:
• On the 29th of December 2022 Solana made its bear market low. My basic premise is that if SOL reclaims the range low, it will not go down to this level in the foreseeable future.
• Solana is trading in a range since January 2023. The range low is at 15.59$. The range high is at 26.6$.
• On June 10th, Solana went under the range low to 12.6$.
• Solana left a wick but, it retraced to fill more than 50% of the wick.
• ATM, it is not clear that the bottom is in. However, if Solana can reclaim the range low and test it as support, it could go as high as the range high.
• IMO, SOL could be a low-risk, high-reward opportunity because of the close invalidation.
Trade Idea:
• Entry: 15.65 After retest as support
• SL: Below the last daily candle, approximately 15.15
• TP: 18.24, 21.52, 26.45. Leave a moon bag.
NFA
What do you think? Please share in the comments.
Best wishes to all.
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
CHART ANALYSIS:- Solana (SOL) also fell big in today’s session, losing over 9% of its value.
After a high of 21.54 to start the week, SOL/USD slipped to an intraday low of 19.42 earlier today.
Following the plunge in price, Solana fell to its lowest point since May 27, when it was last below 20.00.
today’s decline came as a result of a breakout that occurred on the RSI indicator.
Price Strength fell below a key point of support at 42.00, and is currently at a reading of 40.63.
In the event that bearish pressure intensifies, the next target could be a lower floor at 18.50.
This is not a piece of financial advice.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
CHART ANALYSIS:- Solana (SOL) also climbed higher in today’s session, with prices colliding with a key resistance level in the process.
Following a low of 20.38 on Thursday, SOL/USD surged to a peak at 21.30 earlier in the day.
Since hitting the aforementioned ceiling at 21.30, momentum has somewhat weakened, due to bulls securing earlier gains.
Another reason for this is that the RSI is close to a resistance level of its own at 55.00, leading traders to act more tentatively.
The index is currently tracking at 53.64, and should it eventually cross the hard line at 55.00, bullish pressure will likely increase.
Some may expect this to happen over the weekend, as traders continue to digest today’s economic data.
This is not a piece of financial advice.
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SOL/USDT 1DAY UPDATE !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run.
SOL/USD surged to a peak of 21.49 earlier in today’s session., which comes after Sunday’s low of 20.65.
As a result of this rally, Solana moved to its strongest point since last Monday, when the price was close to 22.00.
One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00.
The index is now tracking at 48.31, which is its highest reading in almost ten days of trading.
Should current sentiment extend throughout the week, there is a good chance SOL will be near its long-term resistance at 24.00.
This is not a piece of financial advice.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) remained in the red as the coin extended its recent decline to a third session.
After hitting a high of 22.74 on Sunday, SOL/USDT fell to a low of 21.01 earlier in the day.
Monday's price drop has sent SOL to its long-term support point of 21.00, resulting in its lowest level since April 26.
The coin has rebounded from the previous lows as the RSI has found its own floor at the 44.00 mark.
As of writing, price strength is tracking at 44.57, with a range of 49.00 a potential target for the bulls.
If momentum picks up, and more bulls re-enter the market, this could lead SOL to climb above 22.00.
This is not a piece of financial advice.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) was another notable mover on Monday, as the token fell for a third consecutive day.
Following a high of 23.93 on Sunday, SOL/USD slipped to a bottom of 22.05 earlier in the day.
This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the 24.00 mark.
One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00
As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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long idea for $SOL - hoping to play in the next 4h - 1.49 R:RThis is my analysis and idea only. Do not take this as financial advice, and please do not base any trades based on this chart, or any content I post. These are my thoughts only. Operating in crypto is dangerous and can quickly stack up big losses. Always study, and do your due diligence.
LONG OPPORTUNITY IN "SOLUSDT"Here we can see that the price of "SOLUSDT" has taken breakout from the trendline and if it come for retest we can se small LONG OPPORTUNITY here. But please be carefull because this wll be a VERY RISKY ENTRY . You can see that
ENTRY - "24.3"
TARGET - "25.7"
STOPLOSS - "24.09"
ENJOY!!!!!!