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SOLUSD

Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations: Key Points: • dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps. • Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price. • Strong Contender: Solana's performance suggests it could be a major player in the dApp market. • Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth. Additional Considerations: • Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges. • Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users. • Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value. Before Investing: • Research Solana's technology and its competition in the dApp space. • Understand the risks involved in cryptocurrency investments. • Only invest what you can afford to lose. Overall: This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
COINBASE:SOLUSDLong
by bryandowningqln
(SOL/USD) Analysis: Deciphering the Downtrend Amid Mixed SignalThe digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike. Price Trajectory and Moving Averages: Solana’s price has retreated from its peak, with immediate trading below short-term moving averages (10, 20, and 30-day), which aligns with a bearish outlook. However, the longer-term averages (50, 100, and 200-day) are suggestive of possible support levels, indicating a bullish undertone that may unfold over an extended period. Momentum Indicators: • The MACD reveals a bearish divergence, corroborated by a downward cross below the signal line. • The Momentum indicator reflects negative momentum, bolstering the bearish scenario. Volume and Volatility Indicators: • The absence of notable volume divergence suggests that the price movement is not yet accompanied by a significant shift in trading activity. • Volatility assessments are inconclusive from the data provided but should be monitored given the asset’s historical price action. Oscillator Insights: • The RSI hovers at a neutral 49.76, offering no definitive sentiment bias. • The Stochastic %K and the Ultimate Oscillator further reinforce this neutrality. Support and Resistance Considerations: • Fibonacci retracement levels pinpoint a critical support zone around the 61.8% level. A decisive move below could steer the asset toward the 78.6% retracement, whereas resistance is currently positioned at the 23.6% level. • Pivot point analysis highlights the immediate resistance at 238.23, with further resistance potential at 274.02 and 373.92. Support levels at 138.33 and 74.22 suggest thresholds where buying interest may re-emerge. Sentiment Indicators: • The Williams Percent Range and the Commodity Channel Index straddle the neutral zone, proposing a wait-and-see approach. • The Average Directional Index’s reading is indicative of a weak prevailing trend, hinting at a potential market in transition. Concluding Thoughts: The prevailing technical analysis for Solana points towards a bearish phase in the short term, coupled with a complex interplay of neutral signals from key oscillators. While the divergence in the short and long-term moving averages presents a challenging scenario, the neutral indicators could signal a potential for trend reversal or stabilization. Traders should exercise caution, paying close attention to volume changes, pivot points, and Fibonacci levels for indications of future movements. It is recommended to consider this analysis in the context of a broader market overview and incorporate sound risk management strategies in any trading decisions. This analysis is provided for informational purposes only and does not constitute investment advice.
COINBASE:SOLUSDShort
by AxiomEx
1
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself. Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future. So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA! I hope to see this coin thrive in the future. Todays price is not tomorrows Price! The future is Blockchain! Happy trading lovely people. Stay safe. Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
COINBASE:SOLUSDLong
by PathaanKhan
8
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now just an update of the old attached idea with more data now on the macro momentum. looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha. or we are about to get gutted like that earlier 'fake' pump. full retrace hell. the momentum doesnt quite look right overall for that option to me. i think first option is more likely above. anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :) gl
BINANCE:SOLUSDLong
by Crypto-Quantum-Fox
8
Solana Rise in Institutional Capital InflowsAccording to data from CoinShares, Solana ( CRYPTOCAP:SOL ) has emerged as the leading altcoin with regards to institutional capital inflows, surpassing other competitors such as Polkadot, Cardano, and CRYPTOCAP:XRP , with $6.1 million in inflows last week. However, Solana's on-chain activity has experienced a decline, following a spike in the last week of March, and its price dropped nearly 6% on Tuesday, influenced by the steep decline in Bitcoin prices. Digital asset investment products observed a total of $862 million in inflows, with Bitcoin leading the way, and only $18.3 million directed towards altcoins. While Solana-based funds noted a weekly inflow of $6.1 million, on-chain data from the Block shows a downward trend in the number of new and active addresses on the chain since the six-month high seen on March 22. Coinciding with a decline in Bitcoin prices, Solana's price has suffered a correction, as large market capitalization assets experience a dip. The price of Solana ( CRYPTOCAP:SOL ) is down nearly 6% on the day, despite rallies and user activity observed in Solana-based meme coins such as Book of Meme (BOME), Cat in a dogs world (MEW), and Tombili the Fat Cat (FATCAT). Overall, the data from CoinShares indicates a recovery in sentiment last week, with digital asset investment products experiencing a notable inflow of institutional capital. While Bitcoin remains the dominant player in the cryptocurrency market space, Solana's recent performance in attracting institutional investment underscores its potential as an alternative investment option.
COINBASE:SOLUSD
by DEXWireNews
1
Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX. If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run. So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
COINBASE:SOLUSDLong
by bryandowningqln
2
SOL: Re-Accumulation After Decline (Decline already happened)Comparing Solana price action to this Wyckoff schematic known as "Re-accumulation After Decline" and it matches up beautifully. We should currently be in the LPS stages right before the next markup. Be careful with your entry obviously, because crypto doesn't always follow the rules, however we are definitely in a bull market and I'm looking long all day until proven otherwise, especially after finding this re-accumulation. Suggested entry: At the bottom of this local consolidation range, which is currently sitting on top of our "lower accumulation" range highs. This needs to hold for the markup to play out. If we lose those highs, this idea will be invalidated
Long
by DigiLex_LLC
SOLANA : the king maker of this cycle ?Solana has been completely destroyed in 2022. YTF flows express now a very telling picture: Solana was 98musd positive while ETH lost 125musd during the same period. A few reasons to explain this phenomenon in my opinion: - A very negative past: during 2022, Solana experienced a series of very negative events which heavily affected its price. At the lowest 2022 point, Solana was down 97% from ATH while ETH “only” suffered an 82% drawdown. This extreme reaction is probably causing now some catch up on the price (Solana is still down 86% from ATH while ETH value is -63,5%) - A fundamental change: Solana did not market its “ETH 2.0” moment while bringing significant innovations to the chain. The dev team is still pushing things to get “Sol 2.0” up and running in the coming months. The rally leading to this anticipated moment could be like what we saw with ETH switching from PoW to PoS. - The light at the end of the tunnel: Solana has some catalysts that are pushing the price for o More clarity each day that passes with FTX assets liquidation procedure o A vibrant ecosystem: the ongoing Breakpoint conference registered a record number of participants), o An 1000+ active dev community and a 20% increase in daily active addresses on the Solana network since the beginning of the month o Some positive news expected (the “airdrop season” from Solana defi is highly anticipated by market participants) These points, on top of the “crypto unit bias”, are lining up to position Solana as a potential major winner of the next liquidity wave towards cryptocurrencies. On the technical analysis side: both SOLBTC & SOLETH weekly charts are above their short terms 13/25/34 EMA indicating an uptrend.
Long
by CRYPTODOTIDEAS
5
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
5
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion... We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction. It may happen, may not happen. If it happens, you know what to look for! For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline. See below to see where we are in the Elliott Wave schematic. What do you guys think? Goodluck and as always, trade safe!
BINANCE:SOLUSD
by WicktatorFX
21
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈 If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024. This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal. Here's the original post I made in January when I first starting watching this fractal: From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot: Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SOLUSDT COINBASE:SOLUSD
Long
by CryptoCheck-
1
SOLUSD Neutral Outlook CRYPTOCAP:SOL is at a unique point in its recent breakout. As you can see with the blue lines we broke out of a bull flag recently. This move has since shown higher lows and higher highs being put in. The yellow line is the current uptrend and unless it is invalidated this may be a good entry for the bulls. Otherwise the bears can look for their opportunity when the yellow trend line is broken and we push lower. As always manage your risk and ask questions!!
COINBASE:SOLUSD
by Mustangsvt281
SOLUSDT. Intraday trade 1. **"SOLANA IS AT BUYING POSITION NOW":** This suggests that according to your analysis, Solana (SOL) is currently in a favorable position for buying. This could be based on technical analysis, fundamental analysis, or a combination of both. It's important to have a clear understanding of why you believe Solana is in a buying position. This might involve looking at price trends, support and resistance levels, trading volume, market sentiment, and any relevant news or developments related to Solana. 2. **"THERE IS BUY TRADE WHICH MAKE NEW HIGH":** This part implies that there is a buying opportunity because there's a trade setup indicating that Solana might reach a new high. This could be due to various factors such as a breakout from a consolidation phase, bullish indicators on technical charts, or positive fundamental developments that could drive the price higher. 3. **"I PUT TO TWO TARGET PRICE":** You mentioned setting two target prices. This suggests that you have identified specific price levels at which you plan to take profits or partially close your position. Setting target prices is a crucial aspect of trading as it helps you establish clear objectives and manage your trades more effectively. It's essential to base these target prices on solid analysis and consider factors like historical price levels, psychological levels, and potential resistance zones. 4. **"MANAGE YOUR RISK IF YOU HAVE ANY CONFUSION MESSAGE ME":** This part emphasizes the importance of risk management. Regardless of how confident you are in a trade, there's always a degree of uncertainty in financial markets. Managing risk involves measures like setting stop-loss orders to limit potential losses, position sizing to control the amount of capital at risk, and diversification to spread risk across different assets. Offering assistance in case of confusion indicates a willingness to support others in understanding and implementing effective risk management strategies. Overall, your message outlines a trading strategy for Solana, highlighting the importance of identifying buying opportunities, setting target prices, and managing risk. It's essential to conduct thorough analysis, stay informed about market developments, and adapt your strategy as needed based on changing conditions. Additionally, always ensure you're following sound risk management practices to protect your capital. If you have any doubts or need clarification, seeking assistance from knowledgeable individuals can be beneficial.
Long
by MOAZAM1133
SOLANA per $1000 is real and when?SOLANA has shown its resilience and dexterity of the project creators. They managed to revive a project that seemed to have drowned along with FTX We described it in more detail here: During 2023, the SOLUSD price approached ATH in percentage terms, closer than the price of BTC. Where is the current high? - Perhaps it is already there, or perhaps there will be another attempt to make another breakout to the $148-158 range - there is a strong liquid zone there. It is worth remembering that the "large FTX stocks" are in SOL and still have to be sold off to pay off creditors. Therefore, just in case, you can and should set up buckets to buy SOLUSDT at $70-80 and $45-50. And from there, only x15-x20 growth during the next possible bull cycle will bring the coveted $1000-1100 for SOL _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
19
Solana (SOLUSDT): Potential Long Trade SetupSolana ( BINANCE:SOLUSDT ) The Solana chart suggests a potential long trade opportunity based on several technical points: Bullish Major Channel (Main Macro Channel): The price has reached the bottom of a bullish major channel, indicating possible support. Upward Zig-Zag Movement: The presence of multiple ascending mini-channels within the main channel suggests a long-term upward trend with potential for volatility. Five-Wave Pattern Formation: The completion of waves one and two within a bullish mini-channel hints at the formation of a larger five-wave pattern, potentially leading to a price increase. Moving Average Resistance: A break above the resistance formed by the accumulation of moving averages could signal a strong upward move and a potential entry point for a long trade. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
Long
by Arash-RK