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Solusdt

Solana (SOL): where to next?Solana (SOL) has been oscillating between $116 and $210 for several months, indicating buying on dips and selling on rallies. The price rebounded off the solid support at $116, signaling that the bulls are active at lower levels. The SOL/USDT pair could reach the moving averages, which are the key resistance level to keep an eye on. If the price turns down from the moving averages, the bears will try to sink the pair below $116. If they succeed, the fall could reach $100 and then $80. On the upside, a close above the moving averages will suggest that the selling pressure is reducing. The pair may extend its stay inside the large range for a few more days.
by paul_endeo
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis: Technical Analysis Resistance and Support Levels (R1, R2, S1, S2, S3): The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96). Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal. MACD Indicator: The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet. RSI: The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions. Conclusion Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics. For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.
by MarsSignals
VIX Spike to 'Covid' Crash Levels... What Happens NextThe last time the VIX spiked this high was during the March 2020 Covid 'Crash' which was followed by an epic Bull run after that, and proved to be one of the best buying opportunities. With Japan's unwinding of their 'Carry Trade' and overall US stock market correction, the FED is likely to do an emergency rate cut this month. And the US elections are coming up, which likely means QE to prop up the economy, as the the next liquidity cycle begins... So this could be a great signal to flip back to Bullish in the crypto markets. Fear and Greed is also down to 25, which is another good indicator of sentiment reverting to the mean and back toward Greed sooner than later. I'm buying, and happy my limit buy orders from yesterdy for SOL at $115, $120, and $125 all filled today and already are in profit.
CBOE:VIXLong
by BrettFogle
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.
by benjaminxbt
SOL aint looking that goodYes, the market structure isn't really broken and it hasn't lost any major support Yes, it can go higher, a lot higher, and yes it's been one of the best performers of this cycle . Which makes it rather risky to short it. But it doesn't change the fact that it: - Failed to beat critical levels - By being one of the best performers, retail is loving it. - Everyone is too comfy in longs. The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.
Short
by cryptokebab
1
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000. For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL. SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough. From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated. With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
by ProR35
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis Description --------------------------------------------------------------- + SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend. + The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve + The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 142 Stop Loss: 112 ------------------------------ Target 1: 172 Target 2: 200 Target 3: 251 Target 4: 400 Target 5: 700 Target 6: 900 ------------------------------ Timeframe: 3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOL: Oversold TerritoryThe market sentiment for SOL is currently bearish, with technical indicators suggesting caution due to potential downside risks. Key Factors Influencing SOL Price MACD: The MACD is bearish, with the histogram at -0.93, MACD line at -9.31, and signal line at -8.38, indicating strong bearish momentum. Stochastic Oscillator: With %K at 3.34 and %D at 6.16, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound. RSI: The RSI at 25.69 indicates that SOL is in oversold territory, which could signal a potential reversal or consolidation. Price Trends and Resistance Levels: Local Resistance: Found at $151.45, a key level to watch for a potential breakout. Solid Resistance: Found at $171.21, which, if breached, could signal a strong upward trend. Local Support: Found at $135.05, which could act as a support level in case of a pullback. Dynamic Resistance: Aligns with the upper trendline, providing additional resistance around $151.45. Potential Market Scenarios Bullish Scenario: A break above the local resistance at $151.45 could lead to further upward movement, potentially targeting the solid resistance at $171.21. This move would likely confirm bullish momentum and attract more buyers. Bearish Scenario: If SOL fails to break above the local resistance, it could retest the support levels at $135.05 and potentially fall to the solid support level at $121.00. A break below $121.00 could signal further declines, with dynamic support suggesting lower targets. Conclusion and Market Outlook SOL is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
by MonoCoinSignal
SOL/USDT 4H Bearish Momentum-Oversold Conditions - What’s Next?The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22. Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs. Resistance Levels: Immediate resistance at around $160, where the price recently faced rejection. Stronger resistance at around $180, the recent high before the downtrend began. Support Levels: Immediate support is observed at around $140. Further support at $120 and $100 if the price continues to decline. RSI: Current RSI Value: The RSI is at 26.64, indicating that the asset is in oversold territory. Historical RSI Movements: The RSI has dipped below 30 multiple times, suggesting periods of oversold conditions that could lead to a potential reversal or consolidation. Patterns and Indicators A potential bearish flag pattern can be identified, suggesting a continuation of the downtrend if the support at $140 is broken. Bottom Line: The SOL/USDT 4H indicates a strong bearish trend with the price consistently making lower highs and lower lows. The RSI suggests that the asset is currently oversold, which could indicate a potential for a short-term bounce or consolidation. the bearish flag pattern and the overall trend suggest caution, as further declines are possible if the support at $140 is broken. Traders should watch for confirmation of a reversal or a break of support before making any trading decisions.
by kashifone1
SOLUSDT.1DUpon examining the SOL/USDT daily chart, it’s evident that Solana has exhibited substantial volatility over the analyzed period, reflecting significant investor interest and market activity. Here’s a detailed breakdown of the technical aspects: Support and Resistance Levels: Support Level 1 (S1) at $116.96, which is critical as it previously acted as both resistance and support. This level could play a pivotal role in determining short-term price movements. Support Level 2 (S2) at $93.66, a deeper level which may come into play if there is a significant bearish downturn. Resistance Level 1 (R1) at $164.23, near recent highs and a potential target for bullish momentum. Resistance Level 2 (R2) at $193.09, marking the peak reached during a recent surge and representing a strong resistance area. Technical Indicators: The MACD (Moving Average Convergence Divergence) is currently showing a bearish signal with the MACD line below the signal line and both trending downward. This suggests that there might be continued bearish momentum in the near term. The RSI (Relative Strength Index) is below the mid-point (50 level), indicating bearish momentum but not yet in the oversold territory, which suggests that there could be room for further downside before any potential reversal. Conclusion: The SOL/USDT pair shows a bearish trend with the potential to test further supports if the current levels do not hold. The key area to watch is Support Level 1 at $116.96. If this level is breached, it could lead to a test of Support Level 2 at $93.66. On the upside, any reversal from these levels might attempt to challenge the resistance at $164.23, and a breakout above this could target the high at $193.09. Given the bearish indications from the MACD and the RSI positioning, traders should be cautious and consider setting stop-loss orders to manage risks effectively. Watching how the price reacts at these support levels will be crucial for traders looking to either capture rebounds or brace for further declines. As always, keeping an eye on broader market sentiment and developments specific to Solana will be vital for adjusting trading strategies accordingly.
by MarsSignals
BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0. We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns. 1) FLOW 2) RNDR 3) SOLANA 4) LINK 5) ETH __________________________________ I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Long
by CryptoCheck-
4
SOLANA/USD Bearish in a bullish Consolidation:War+RecessionAs the Russians and Ukr. are facing to end the war,another war, in the middle east is starting:Irand vs Israel As well strategically as economically and politicially this zone of our planet is ruling all economies around the world:Oil,Gas,International trades and very important strategical zones:The survival of the world is dependent on the middle east.The middle east is the heart and ouls of the world. Also the very negative NFP last Friday confirming that recission will come.And All this factors will increase the pain and suffer of the stock markets,FOREX and ofcourse Crypto currencies. As Solana is now for many months in a big consolidation range we can use this situations to generate profitable situations with high probabilities:The markets tend to consolidate 70% of times. The probability the we will have an uptrend is 15%,and bear trend also 15%.So why not to use the 70% probabilitiy? As the trend is currently long,meaning the ranges are stepping higher, the dangerouse zone for the bulls is the,,negative CRV Target,,,in green colour! There the Bulls will face the increased risk,to add postions, or the profit portential of holding long trades is nealy zero,becuaz the bears take control. This stage is high potential Short entry for the bears,but also taking profit area optimally for the bulls. As we can see eachtime the market met this zone, many false breakouts (white circles) have been generated, the bears started to ride down the trend to ,,Target Negative CRV,,,in ORANGE: There the bears closed their positions and took profits,or also the bulls who hedged their positions short at around 190-205 clsoedtheir hedge positions and added more long positions at around 117-124. The current stage of the market ,Close below FBA,, is where we are right now. The bears still in control,the market closed below that zone and opened immediately lower.The probabiliy that the bears will force solana to 120 zone is increasing. Remember we are bearish in a bullish trend! Where do the bulls lose total control? This will happen,if the market closes 3Days in row below 117,and a bullish impulse or pullback to 117 or above 117 will not be successfull:That means if the bear immediately react and send down Solana forcefully below 117.This is ultimate confirmation that Bearish trend has started and Solana will fall very deep. If the impulse overcomes 117 and continues above 125+Close,then Solana will go back to 190-208 area again.As long as Solana can saty above 180.85 Solana will try to break above this range.Once it falls back, the game repeats
COINBASE:SOLUSDShort
by DaveBrascoFX
1
SOLUSDT, Sat 03 Aug, Updated 3 !The Sol Price Action in Weekend! There are many News on US Market Yesterday! Today Is Saturday but the market is open and Trading! What I see in Market of Sol till now, I expected: We can have Long Position in NY Session (Maybe & Maybe) But I looking for Big short Position; when the price will hit the "Buyside" And when I get confirmation from BTC Price Action. The BTC must hit its "Buyside" first. There are few "FVG" `s sit on FIBO`s Levels. Which FVG will be respected By Price? Then We can get Big short Again! Happy Weekend!
Short
by kevin13433