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SOLUSD

Solana: a short pullback to go up again Solana's trading pattern has been consistently oscillating within the range of 22.5 to 24.0. Notably, there have been opportune dips around 22.3, presenting favorable buying opportunities for long scalping strategies. Despite this, our trading approach will remain within the confines of this range until a breakthrough occurs beyond the green box. One scenario could involve a retracement towards 21.6, followed by a subsequent move towards the 200 SMA at 24.NFA
COINBASE:SOLUSD
by RF_Trading
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. 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
2
Detect change in trend (meaning of point 22.13)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (SOLUSDT chart) The decline is showing that the HA-High indicator on the 1W chart is about to fall and be created. Therefore, it is necessary to check whether the HA-High indicator of the 1W chart is created at the point of 22.13. If the HA-High indicator of the 1W chart is created at the point of 22.13, if it is supported around this area, it is expected to continue the mid- to long-term upward trend. Accordingly, if support is confirmed around 19.49-22.13, it is time to buy. However, since the first selling section is around 29.77, you need to think about countermeasures against this. therefore, 1st: 19.49-22.13 2nd 29.77-33.39 In the first and second sections above, it can be seen that this corresponds to the split purchase section. (1D chart) The 24.54-46.85 section corresponds to the boundary section of the bottom section, so the rise may be limited in this section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
SOLUSDT SHORT PROJECTIONIt appears that the SOLUSDT pair has encountered a significant resistance level, with substantial selling activity occurring around this marked zone. The price action seems to respect this particular resistance area. Moreover, there has been a breakout of the current bullish trend, which was formed after the initial rejection and failure to breach the resistance. Considering the market conditions observed so far, it is likely that we can anticipate a further decline in prices.
Short
by TraderChamp-Pro
SOLONA triangle pattern gain after breakout parallel channel 🚀Hello 🐋 Based on the chart, the price is close to the parallel channel support area and in triangle pattern if the price doesn't break the support zone to the downside and breakout of the ascending channel completed, we will see more gain, at least to our upper trend line 🚀 otherwise we can see more correction to lower support level before hitting the upper resistance area ❌🧨 besides, the range market is acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
12
SOLANA is staging a hyper rally and few are noticing this!Solana (SOLUSD) has made an important bullish break-out sequence this month as not only did it break above the ATH Lower Highs trend-line (essentially the Resistance of the Bear Cycle) on the week of July 03, but also broke above the 1W MA50 (blue trend-line) the following week for the first time since April 04 2022. That was a Double Break-out sequence, which will be capitalized if the 1W MA50 holds this week as a Support upon the first test. So far that seems to be the case. If successful then SOL is staging a new hyper rally that will lead it into the new Bull Cycle. We are buying, expecting the first stop to be the 1W MA100 (green trend-line) at 65.000. This is almost as high as the 0.618 Fibonacci retracement level, a standard intermediate technical Resistance during market recoveries. We want to illustrate two key factors here. First the 1W RSI has completed an Inverse Head and Shoulders pattern, which is a technical bullish reversal formation seen on market bottoms. Second, there is a Higher Lows trend-line that is holding since May 2020, which has made direct contact (Higher Lows) and supported on December 26 2022 and June 05 2023. This may have gone unnoticed by the majority, but seems to be the driving force behind SOL's Cycles and can be the Support that will lead it higher again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
4
SOL idea sharing! Pump or dump?On the daily chart, it oscillated between 16 and 27 for a while, but in June this year, it broke below the box lower point at 15.985. However, it didn't continue to decline, and instead, it bounced from a low of 13.160, initiating a upward move, reaching a high near the trading area (Point of Control) around 33.00. It's worth noting that this uptrend allowed SOL to break above the neckline at 27.155, completing a large double bottom pattern. The moving averages show a bullish arrangement, and the price is above EMA200. While this recent uptrend may have temporarily paused, it could be an opportunity to position for long positions in the spot market. Support levels to monitor are: 25.244 22.845~23.460 - Looking at SOL H: We can see that it's currently the third rebound within this range. Connecting the past rebound highs creates a resistance trendline. If SOL returns to this trendline, it's essential to look for suitable trading opportunities. In case SOL falls below 24.939, there might be a chance of meeting support zone 22.845~23.460.
by noah_chen
1
Daily Time Frame Analysis - SOL (Solana):As we delve into the daily chart analysis of Solana (SOL), a high-performance blockchain platform, it's evident that the coin has experienced some significant volatility recently. The current market price stands at $25.37, representing a 6% decrease in the last 24 hours. A glance at the Bollinger Bands reveals an expanding volatility pattern, with the upper band at $28.5, the middle band at $22, and the lower band at $15.66. The recent price surge has pushed SOL near the upper Bollinger Band, indicating a possible overextension in the buying activity. Meanwhile, the middle band could potentially act as support if the price was to decline. The Relative Strength Index (RSI), standing at 67, is in the upper range of its scale, flirting with the overbought territory. This could be a sign of the strong buying pressure that has characterized the recent price movement. Interestingly, the volume oscillator is showing a negative 6%, indicating that trading volumes have been shrinking. This might suggest that the upward momentum is losing steam and a period of consolidation or correction could be on the horizon. The On-Balance Volume (OBV) at 360 million signifies a strong buying pressure. This divergence with the volume oscillator could be due to larger transactions being executed, thus leading to higher OBV despite lower overall trading volumes. The Moving Average Convergence Divergence (MACD) at 2.30 corroborates the continued bullish trend, with the MACD line situated comfortably above the signal line. When it comes to the Fibonacci retracement, the levels do not offer much guidance for the current price range, as the price has already moved well beyond the 0 level at $20. This is a common occurrence when the asset experiences a significant price increase in a short period, as is the case with SOL. However, upon switching to a 4-hour time frame, Fibonacci levels provide valuable insight. The zero level is at $29, the half level is at $27, and the first level is at $25, which aligns with the current market price, potentially providing a support level. The 200-day Exponential Moving Average (EMA) lies at $22, which could serve as a strong support level if the price was to decline. It's often seen that prices return to their long-term EMA after sharp rallies, and the 200-day EMA is widely regarded as a crucial benchmark. In conclusion, SOL is currently in a strong upward trend, as reflected in the RSI, OBV, and MACD readings. However, with the RSI nearing overbought conditions and the shrinking trading volumes indicated by the volume oscillator, caution is warranted. It would be prudent to closely monitor these indicators and key Fibonacci and EMA support levels in the coming days.
by ShawnMCR
1