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Solusdt

Solana 18% gain may reverse: analysisAfter posting an impressive 18% rally over the past 30 days, Solana’s (SOL) price now faces the risk of a deeper pullback that could wipe out a substantial portion of those gains. On Wednesday, October 15, SOL attempted to retest the $160 level but failed to break through. The cryptocurrency is now on the verge of falling below the critical $150 support level. If SOL dips beneath this region, this analysis indicates that the drawdown could result in the asset ending October with a net negative return. In August, when SOL reached the $153 mark, it quickly lost 15% of its value, dropping to $129.35. September saw a similar pattern with a 12% decline, while October followed suit with a 10% drop under comparable conditions. If this pattern continues, Solana could be facing another double-digit decline. The indicator reinforcing this bearish outlook is the Chaikin Money Flow (CMF), which measures the volume-weighted average of accumulation and distribution. A higher CMF reading signals stronger accumulation, while a lower reading indicates increased distribution. On the daily chart, the CMF has dropped below the zero signal line, signaling that Solana is facing heightened selling pressure. If the current trend continues, this further supports the forecast of a potential double-digit decline in SOL’s price. If negative scenario plays out, SOL could see a 10% decline to $136.07, echoing the price movement seen between October 1 and 3. In an even more bearish scenario, if selling pressure intensifies, Solana might experience a further decline, with its price dropping to $125.02. Conversely, if SOL manages to hold above the $150 support, a rebound could be on the horizon. In this case, Solana might rally toward $173, a level it hasn’t reached since July.
Long
by paul_endeo
SOL ANALYSIS🚀#SOL Analysis : What Next ??💲💲 ✅As we can see that #SOL is trading in a "PARALLEL CHANNEL" since many days. There is an instant resistance zone and if #SOL breaks the resistance then we would see a bullish price movement 🔰Current Price: $154.80 🎯 Target Price:   $185 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation. Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend. Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher. If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March. However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Long
by paul_endeo
Elliott Wave Analysis with Fibonacci Extensions - Potential BullIn this chart, we observe a clear Elliott Wave structure with five impulsive waves, indicating a potential bullish continuation. The Fibonacci extensions are plotted, highlighting possible Take Profit (TP) levels based on the wave projections. Wave 1 to 5 completed, with Wave 5 potentially leading to significant price growth. The Fibonacci retracement levels show key support areas, while the Fibonacci extensions suggest potential upside targets. Key Targets: TP0: MAX 81,738.0 (168% - 200% Fibonacci) TP1: MAX 98,157.0 (261% - 300% Fibonacci) TP2: MAX 114,576.0 (361% - 400% Fibonacci) TP3: MAX 130,995.0 (461% - 500% Fibonacci) The current price action is in consolidation, suggesting a breakout may occur soon. A strong move past TP0 could accelerate the upward momentum towards the higher TP levels. Keep an eye on support levels around 63,068.0 and potential correction zones before a breakout occurs. Disclaimer: This is just my personal view based on technical analysis, and it is not financial advice. Please conduct your own research and trade responsibly!
BYBIT:BTCUSD.PLong
by CryptoTraces
Latest SOLUSDT update todayAs the SOLUSDT pair continues its movement within a well-defined descending triangle pattern, traders are closely watching the price action unfold on the 4-hour chart. This bearish continuation pattern is gaining attention as the price forms a series of lower highs, with a consistent support level provided by an ascending trendline. Key Resistance Zone Holds Firm SOL’s price is currently trading near a key resistance zone, ranging from 142.54 to 144.48 USDT, which has acted as a barrier to upward momentum on multiple occasions. Despite attempts to break through, the market appears to be respecting this zone, further increasing the likelihood of continued downside pressure. Bearish Outlook Strengthening The descending triangle pattern typically signals a potential breakdown, especially as the price continues to be compressed within the narrowing range. If the price fails to push past the upper boundary of the triangle and encounters rejection within the resistance zone, it could lead to a strong bearish move. A decisive break below the 137 USDT level, marking the lower boundary of the triangle, would confirm the breakdown. Should this occur, SOLUSDT may target the next major support level around 130 USDT, as the bearish sentiment dominates short-term market dynamics.
Short
by Suyouu
Solana Roadmap!!!Today, I want to analyze the Solana ( BINANCE:SOLUSDT ) project for you; I hope it will be useful 😊. First, let's have a fundamental analysis of the Solana project . 1. Network and On-Chain Performance : Solana, using its Proof of History (PoH) technology, is known for high speed and excellent scalability. The number of transactions and active users in its on-chain ecosystem continues to grow, and the total value locked (TVL) in DeFi protocols on Solana remains high. However, network outages in the past have slightly damaged user and investor trust. 2. News and Developments : Solana is actively collaborating with new NFT and DeFi projects, contributing to the growth of its ecosystem. The development team is working on resolving technical issues and upgrading the network to enhance stability and security. --------------------------------------------- Now, let's take a look at Solana's technical analysis . When Bitcoin( BINANCE:BTCUSDT ) touched $50,000 on August 5 , Solana also touched $110 , with so much volume that these last two months' moves seem to be in the form of a correction , and we should expect another Solana correction . According to the theory of Elliott waves , Solana seems to have completed the main wave 3 at $193.9 8 , so that the microwave 5 of the microwave 5 of the main wave 3 is truncated . Before conclusion , let's take a look at the BINANCE:SOLBTC chart . SOLBTC is moving in a Symmetrical Triangle in the daily time frame, and if SOLBTC starts to increase again from the lower line of the symmetrical triangle , we can hope that if Bitcoin experiences a sharp fall, the Solana project will fall less and vice versa.👇 I expect Solana to drop at least -20% after breaking the Support lines and move back to near the lower line of the descending channel . Factors such as outages or disruptions in the Solana blockchain network can lead to further modification of this token . Educational tip : TradingView has released a new update for the Parallel Channel these few days, which can be very useful. I definitely suggest you visit this article . ⚠️ Note: If Solana can break the Resistance zone($164-$154), we should expect Solana to rise to $200. ⚠️ Solana Analyze (SOLUSDT), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
The last bullish chance of SOLANA !!SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
SOL forecasts SOL/USD Technical Analysis 🌐💹 1. Key Resistance Levels: - $260: A major resistance zone. The price has struggled at this level before, and it may act as a significant barrier again in the near future. 🚧 - $290: The next potential resistance target after breaking through $260. If SOL breaks above $260, this level could serve as the next upward target. 🎯 - $220: An intermediate resistance level between $122 and $260. This could be the first major hurdle for any upward movement. 📈 2. Key Support Levels: - $122: A strong support area that has held up well in previous price movements. If SOL faces downward pressure, this could be a key level to watch. 🛡️ - $77.81: Another crucial support zone that could prevent further declines if the price drops below $122. 🔑 - $27.06: The final strong support zone; this level is critical as the last defense before a potential significant drop. 📉 3. Potential Scenarios: - Bullish Case: If the price breaks through the $220 resistance, a move toward $260 and then potentially $290 could follow. A strong breakout above $290 would signal a major uptrend. 🚀 - Bearish Case: If the price fails to hold above $122, SOL could drop toward $77.81, with the $27.06 level acting as a crucial floor if bearish momentum continues. 🔻 Overall, the price is currently consolidating around $140.68, and traders should watch for breakouts or breakdowns from these key levels to determine the next major move.
COINBASE:SOLUSD
by ahmadarz
2
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL. White (longs) Orange (shorts) Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels. Shorts coming off their lows and seem to bottom when SOL price peaks. Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts). Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity. What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general. My takeaways: SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze. Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout. Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why. If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range. Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
by bhx10
Is SOLANA really bullish? A different lookEveryone is super bullish on SOL, and I have been also, look at my previous post: But are we still bullish is the question? We hit a 2.618 on logscale exactly for this top, and thats HUGE. So far we are holding a triangle like consolidation pattern at the top but we are setting lower highs and support has been tested 7 times! This will not hold forever if we keep testing it. If we have a catalyst event this could cause a strong breakdown after so many attempts. So what can the cataclyst be in "uptober" where everyone will leverage long like true degens. - Market data has been proven incorrect and better than expected. What happens if the FEDs announce that they don't need to cut rates? Crypto will absolutely not like this. - Israel or russia war events can cause huge disturbances to the market - ?? Am I saying short SOL? No. I'm saying prepare for a possible unexpected turn of events where the entire market is wrong, like always, and you will be prepared. I for one got 3 big limit orders with the major ones being $69 hihi, and $40. If we actually break down i don't expect $80 to be anything more than a bounce.
Short
by Gojira-san
SOL - Are these moves big enough CRYPTOCAP:SOL is facing some market indecision and is at a fib retracement level of the 382 after hitting the .618 As often seen in the market price retracts in search of liquidity and confirmation of support. we have a long legged Doji candlestick on the Weekly close that is showing market indecision and could indicate an end to the downward momentum. We need to confirm this before we can be sure of this reversal and are watching for support to be found on the 382. Barring support being found we will see price go lower into the accumulation price area and we must confirm the trend reversal before entering a trade. If we can setup the trade and catch the reversal we could see anywhere from 20% to 40% returns on a day position and may want to look towards entering into a 30 day long at this point as well for even larger possible returns as SOL could be in the 170 area in a month if we break out of the overall larger downtrend
Long
by dasBoot
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis: Current Trend: The price has broken below a key trendline, indicating potential further downside. Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected. Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD. Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance. Watch for price action near the 141.07 level for potential short opportunities.
by Suyouu
Is SOLUSDT About to Break Down?Yello Paradisers! 🔥 Is SOLUSDT on the verge of a major bearish move? Let’s break it down! 👀 💎SOLUSDT has flashed a Change of Character (CHoCH), hinting at a shift toward a bearish market structure. The current setup is starting to resemble a Head and Shoulders pattern, a classic signal of an impending downtrend. 💎Additionally, after the CHoCH, we saw a Bearish Engulfing pattern forming right on the resistance zone, further strengthening the bearish case. However, a supportive trendline below could provide temporary relief, so caution is essential! 💎If the price rises from the current level, a pullback from the strong resistance zone may be in play. If an Internal CHoCH (I-CHoCH) appears from this resistance area, it will reinforce the bearish potential and signal a continuation of the downtrend. 💎That said, any breakout and candle close above the strong resistance zone will invalidate this entire bearish outlook. Stay patient and trade with discipline, Paradisers. The market is at a crossroads—let the charts confirm the move before jumping in. This is where strategic planning separates consistent traders from the rest. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair. The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity. I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry. SL below the last expansion low that reached into nested weekly PD Arrays. - R2F
Long
by Road_2_Funded
4