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SOLUSD

Solana SOLUSDT Price Analysis (1h) Solana BINANCE:SOLUSDT is currently in the consolidation phase within a Descending Triangle pattern, signaling a potential breakout on the horizon. Key levels to watch within this triangle include: Resistance at $23.6. Support at $22.5. Once this triangle pattern breaks out, we can anticipate new key levels: Resistance: Likely at $27. Support: Expected to be around $20. It's important to remember the characteristics of descending triangles: In contrast to the ascending triangle, a descending triangle consists of lower highs forming the upper line, with a strong support level acting as the lower line. Sellers gain ground against buyers, and in most cases, the support line eventually breaks, leading to a continued downward move. To trade a descending triangle, we can set entry orders above the upper line (lower highs) and below the support line, prepared for a potential breakout. However, it's important to note that in some instances, the support line may hold, resulting in a strong upward move.
by Vestinda
3
Navigating Through Bulls and BearsAs the cryptocurrency market shows signs of resilience, Solana (SOL) is not lagging behind, with its price steering towards the psychological target of $25.50. Experts are closely watching this level, as surpassing it could trigger a further bullish sentiment among investors. As of October 2, 2023, SOL's price was reported at $24.11, marking a significant daily gain of 10.55% and showing positive growth trends over the previous week and month. Support Levels: $22, $20, $18 Resistance Levels: $23.89, $25, $28, $32 Price Analysis and Probable Scenarios: Short-term Outlook: SOL's immediate target lies at $25.50, with a possibility of reaching $23.70 by October 9, 2023, reflecting a modest increase of 0.84%. Maintaining levels above the $22 mark, SOL eyes an 11% potential gain, challenging the $25 threshold. Mid-term Outlook: By the end of October 2023, optimistic projections place SOL's price between $30.46 and $32.59. A more conservative estimate suggests that SOL may trade at an average price of $21.50 with a minimum price of $19.29 and a maximum price of $23.71. Optimistic Scenario: Bullish forecasts for 2023 place SOL's price in the range of $27.14 to $38.42, with a possibility of reaching $50. Pessimistic Scenario: Should adverse market conditions prevail, bearish price predictions indicate a drop to as low as $12.79. Market Dynamics: SOL has recently broken through the 200 exponential moving average (EMA), a positive sign considering recent shorting activity. This upward move might be the effect of a short squeeze, indicating a potential bullish scenario in the short to mid-term. Most Probable Scenario: The most probable scenario, given the current market dynamics and expert analyses, suggests SOL navigating towards the short-term target of $25.50, with a potential to reach or exceed the mid-term targets should the bullish market sentiment continue. However, investors should remain cautious of adverse market conditions that could lead SOL towards the pessimistic price range.
by MonoCoinSignal
Solana Skyrockets: Breaking Through Resistance with $30 TargetSolana, the blockchain platform known for its lightning-fast transaction speeds and low fees, has been making waves in the crypto market lately. Its recent surge in popularity is not without reason - Solana's innovative technology and impressive ecosystem have caught the attention of both investors and developers alike. But let's talk about the breakthrough that has everyone buzzing. Solana's price has been on an unstoppable upward trajectory, and it has now successfully broken through the resistance level that has been holding it back. This is a significant milestone that signals a potential bullish trend ahead! With this new target of $30, Solana is poised to continue its meteoric rise in the coming days and weeks. The market sentiment surrounding SOL is overwhelmingly positive, and this breakthrough could be just the beginning of an even greater surge. So, what does this mean for you as a trader? It's time to seize this golden opportunity and consider going long on Solana! By taking a long position, you can potentially profit from Solana's upward momentum and ride the wave of its success. Don't miss out on this exciting chance to be part of Solana's incredible journey. Here's your call-to-action: consider opening a long position on Solana (SOL) today and position yourself for potential gains. Remember, as with any investment, it's important to conduct your own research and make informed decisions. Reach out to me with any questions or concerns you may have by commenting below. We're dedicated to supporting you on your trading journey and helping you make the most of this thrilling market opportunity. Stay tuned for further updates on Solana and other exciting developments in the crypto space. The world of cryptocurrency is constantly evolving, and there's never a dull moment!
Long
by bryandowningqln
8
SOL reaching next support level and might come down with BTCThere is a lot of support around $19.40 and Solana is very fast approaching this target. Bitcoin had a death cross this week, traditionally this means a small pump followed by a strong correction. We are also approaching the end of the death cross pump. Solana is following the pump now, but there is a wall at $19.40 so traders will take profit around that amount and retreat as soon as they see #bitcoin coming down. There is a very small support line at $17.50 but I am not sure it will be enough, it really depends how fast BTC will be going down.
Short
by crypthal
SOL/USD Main trend. Cycles.Solana Super Hype. The main (long-term) trend. Timeframe 1 week. Logarithmic chart. Coin of the famous “hedge fund” Alameda-research. Despite the useful applications and development of various applications on this blockchain, the asset (coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the basis of profits. This clamp zone, is also an uptrend confirmation zone (the trend line is green) and at the same time acts as a huge head and shoulders neck zone. Coin Market: Solana line chart . A secondary downtrend (its resistance is the red line) has been developing since the peak of the price swing, at $250 per coin (the main volume is $0.10, the chart can't display that. The Doge is smoking in the sidelines). The minimum price decline is -90%. Every secondary trend is crazy pumping, just like LUNA was at one time.
BINANCE:SOLUSD
by SpartaBTC
34
SOLUSD Very close to a huge break outSolana is testing now the Falling Resistance from July's candle body top. All two prior break outs over such Resistance in the past 12 months have ended with a new Higher High on our main Channel Up pattern. Trading Plan: 1. Buy if the price breaks above the Falling Resistance. Targets: 1. 33.000 (Fibonacci 2.0 extension as on previous break outs). Tips: 1. The RSI (1d) will start flashing the first sell signs inside its Resistance Zone. Use it as an additional exit back up plan in case there is a sudden price reversal. Please like, follow and comment!!
CRYPTO:SOLUSDLong
by TradingBrokersView
4
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse: Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for SOL Solana is $14.30. Looking forward to read your opinion about it!
Short
by TopgOptions
4
Solana: Short term looks weak In the short term, Solana appears to be exhibiting weakness, and we anticipate a test of the 100 SMA at 19.18. It is crucial for the significant level of 19.22 to hold in order to initiate an upward trend. This, of course, is contingent on the overall market performance, particularly BTC. If your intention is to engage in a short-term scalp, consider a short position. However, if you prefer a more conservative approach, it may be advisable to maintain your current position and observe market conditions.
COINBASE:SOLUSDShort
by RF_Trading
1
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. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
SOL/USDT 1DAY UPDATE !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Solana (SOL) rose for a third consecutive day on Thursday, as the price moved closer to the coveted 20.00 mark. SOL/USD surged by as much as 5% in today’s session, hitting an intraday peak of 19.27 in the process. This move comes a day after the world’s ninth-largest cryptocurrency traded at a bottom of 17.96. Earlier gains in price have started to ease in the last few hours after the RSI closed in on a ceiling of 43.00. it is at a reading of 41.05, with the token marginally below today’s high, sitting at 18.84. Although 20.00 is still clearly the short-term target, it will likely take a significant amount of bullish momentum to get there. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
SOL price levels, support and resistanceSOL has bounced off of .618 golden buy zone back in January. And since then it has been establishing higher lows and higher highs. We could revisit to do a double bottom around $8-$9 levels but I do think we may have the $16-19 level as the buy zone and take off from here to go visit $40 range first. This is a weekly chart so this may take some time to play out. Perhaps in the next 4-6 months. Not a financial advice. I will be adding to my SOL bag below $19 preferably at 16.9-$17 levels.
BINANCE:SOLUSD
by CryptoBreakers
SOL SOlana Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for SOL Solana is $14.30. Looking forward to read your opinion about it.
Short
by TopgOptions
3