SOL moves between support and resistanceHello everyone, let's take a look at the SOL versus USDT chart over the 1 hour timeframe. As you can see, the price is moving sideways and is above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 51.11, if the support collapses, the next one is $ 48.41 and $ 45.72 and $ 42.01.
Now let's move from the resistance line as you can see the first resistance is $ 55.82, if you can break it the next resistance will be $ 59.98 and $ 66.16.
Looking at the CHOP indicator, we can see that there is some energy left in the 1 hour range, while looking at the MACD indicator, we can see that the blue line is approaching the intersection of the red line from the top, which could change for a local downward trend.
Solshort
#Solana Consolidates, #SOL Finds Support at $90Past Performance of #Solana
Despite the crypto-wide dump, Solana bulls are comparatively firm. As per the formation in the daily chart, SOL is within a tight trade range, posting small losses against the rampant USDT. Nonetheless, sellers remain in charge since the coin is within a bear breakout formation, retracing from April 2022 highs.
Solana Technical Analysis
Solana bears are in charge, forcing SOL 30 percent from April 2022 peaks. Technically, SOL is within a bear breakout formation following the losses of April 8. As SOLUSDT consolidates with caps at $100—flashing with the 20-day moving average--and $90 on the lower end, the downside is the path of least resistance. Traders may wait for a clear trend definition, either above $100 or below $90, before aligning position with the merging price trajectory. A close below this week's low may force liquidation to Q1 2022 lows of around $80. Conversely, a refreshing lift-off above $100 may attract buyers in a move that may see SOL expand to $110 and even $140 in the medium term.
What to Expect from #SOL?
Solana's ecosystem is active, which may prop SOL in the medium term. At present, sellers have the upper hand with resistance at $100.
Resistance level to watch out for: $100
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOL fights with resistance at $ 106Hello everyone, let's take a look at the SOL to USDT Chart on the 4H Interval. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 102 if the support is broken, the next one is $ 92 and another one at $ 78.
Now let's move on from the resistance line, as you can see, the first resistance is $ 106 which the price is currently struggling with, if it manages to break it, the next resistance will be $ 113 and $ 119.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has already been used.
SOLANA Daily Analysis Update🟢 SOLANA broke out from long-term downward resistance and confirmed it as support. now price touched the ascending support. if the price holds the current support and heads up it can shape a reverse head and shoulders to reach a resistance zone between110$ and 120$.
in long term, it is possible to reach 0.5 and 0.618 fib levels of Fibonacci from swing low.
breaking down from ascending support, can drop the price to next supports around 70$ and even 45$.
⚠ This Analysis Will be Updated.
📆0.3.05.2022
✍ Analyzed By Amirhossein
⚠ DYOR
Play with technicalIn my opinion, a credible channel has been broken and the price is currently skyrocketing. According to the Bitcoin chart, I think we will see a decrease in the price of this currency. Of course, this analysis is valid as long as its trend line is not broken
What do you think will happen?
Solana(SOLUSD) IN CORRECTION - SHORT TO $102 or $78 The five wave impulse wave is shown in the 5 wave series (blue wave)
The corrective wave correcting the whole 5 wave is in action with a ABC correction
-------- ABC correction can be the following -------------
1) Zig-Zag
2) Flats
3) Triangles
This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 correction and I believe it might end in 2 points
One at 61.8% retracement - $102
second one at 70% retracement - $78
Let's see which ones makes a turnaround, appreciate the feedback
Will Solana get his original price back?I predict Solana's currency will have an upward trend to $ 128. From $ 128 to $ 180, the upward trend can start again and the next drop is up to $ 146 and again we will see a short profit up to $ 169 and again a downward trend up to $ 130. We have from $ 130 to $ 219 can give a good profit to the buyers of this code and this period will last 81 days from the point of view of my analysis. put
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Solusdt is going to retest the support zone. Solusdt is going to retest the support zone. At the support zone, we will see two possible scenarios, which are it may bounce back or see some more selling pressure and my thoughts are about to see some more selling pressure because at the support zone first layer about 126usdt there also the neckline of the chart also waiting to break.
I am bearish to see 79 usdt
Thanks and happy trading