SOLUSDT Poised for Potential Upside Amid Market NewsSOLUSDT is showing positive signs based on technical factors and market news. The current support level at $153.54 is acting as a potential rebound point, aligned with a short-term upward trend.
Investor focus is on recent developments in the Solana ecosystem and new partnerships within the decentralized finance (DeFi) sector.
If the bullish momentum holds, the next target could reach the resistance level near $185, presenting a promising opportunity for further recovery.
Solusdt
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview:
Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend.
Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves.
Key Levels to Watch:
Resistance: $190 (critical breakout point)
Targets: $220 (previous high), $275-$280 (extended bullish target)
Support: Ascending trendline, below $180.
Outlook:
A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues.
With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up.
#Solana #SOL #PriceAction #Bullish #CryptoMarket
SOLUSDT: Bullish Momentum Building for a Potential All-Time HighSOLUSDT is demonstrating strong bullish potential after bouncing off a key support zone and breaking through a descending trendline. This breakout suggests a shift in momentum, indicating that we could see a significant upward movement in the near future. With the price gaining traction, traders should monitor the market for opportunities to enter positions as SOLUSDT approaches recent resistance levels.
To capitalize on this potential uptrend, consider placing entries on confirmed breakouts while managing risk with stop losses below the recent swing low. As bullish indicators align, the prospect of SOLUSDT reaching new all-time highs becomes increasingly likely. Stay vigilant, as this may be the beginning of an exciting phase for SOLUSDT traders!
SOLUSDT Currently trading at $146
Buy level: Above $146
Stop loss: Below $135
TP1: $152
TP2: $160
TP3: $175
TP4: $195
Max Leverage 3x
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Solusdt adjusted: Selling & bottom catching strategySolusdt on the 4 -hour frame shows a strong adjustment after the previous price increase. The price has broken the trend of increasing trend, and is currently fluctuating under an important resistance area around $ 170. This shows that the increasing motivation has weakened, and the high likelihood of SOL will continue to adjust.
Important levels:
Short -term resistance: $ 170 - $ 172, is the area where the price may have a selling pressure if recovered.
Nearly support: $ 165.07 - where prices can be found short -term support, if breaking, the possibility of price will continue to decrease.
Important support: $ 154.16 - strong support area, maybe the waiting point if the price drops deep.
Short trading strategy:
Sell strategy (Sell): Consider selling commands at $ 170 - $ 172 resistance if the price recovered, with the goal of closing profit at $ 165.07 and $ 154.16.
Buying strategy (BUY): If the price drops in a deep support level $ 154.16, the purchase order may be considered when signs of turning on this area.
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
Will we see a 5th wave for SOL and hit resistance at $210?The SOL/USDT chart suggests a possible 5th wave completion at the $210 level, aligning with the ascending channel’s upper boundary and the 1.618 Fibonacci extension from previous lows. This target is feasible if bullish momentum continues, breaking through intermediate resistance levels around $183 (0.382) and $202 (0.786). The 5th wave is often an impulse wave in Elliott Wave Theory, representing the final push in a trend. For this target to materialize, strong buying pressure and volume will be essential as it approaches resistance zones.
Solana Short Setup even in a Bull-run / Risky but we are tradersBINANCE:SOLUSDT
COINBASE:SOLUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
172.35
169.89
167.72
164.76
🔴SL:
182.02
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
SOLUSDTJust got a message from a large crypto hedge fund, its time to bid solana
Monster rising wedge
Main targets are local high and the 259 mark
Crypto likes to do its main pump during the US election whilst the majority of the 'distribution liquidity aka wealthy America' isn't watching
So basically next week
Which lines up with the monthly candle bullish chart
Current harmonic level dip
And a mid range bullish retest of a high timeframe bullish structure
Plenty of confluence
Pump it this month...
Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe.
However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone.
We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
SOLUSDT - Buy high sell higher!More than 300 days trading above 125$
Take this whole time of consolidation to make a bullish pennant pattern in 7d chart
Sol looks bullish as BTC keep going high and higher
We are five days away from the weekly close
And it's obviously sol looking for breakout... successful breakout will take us to 400$ in midterm
Best regards Ceciliones 🎯
Solana vs. Ethereum: The Battle for Blockchain SupremacyThe cryptocurrency market is dynamic, constantly evolving with new technologies and innovative projects. Solana (SOL) and Ethereum (ETH) are two of the most prominent players in this space. Both platforms have made significant strides in recent years, attracting developers and investors alike. However, as the cryptocurrency market continues to mature, the question arises: Will Solana be able to challenge Ethereum's dominance, or will ETH maintain its position as the leading blockchain platform?
Solana's Rise to Prominence
Solana, a high-performance blockchain platform, has gained significant traction due to its ability to process many transactions per second at a low cost. This scalability advantage has made it attractive to developers seeking to build decentralized applications (dApps) that require fast and efficient transaction processing. Solana's unique Proof-of-History (PoH) consensus mechanism, combined with its parallel processing capabilities, enables it to achieve impressive transaction speeds.
One of the key factors driving Solana's popularity is its vibrant ecosystem. A growing number of dApps, including decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and DeFi protocols, are being built on the Solana platform. This expanding ecosystem has led to increased demand for the SOL token, which is used to pay transaction fees and secure the network.
Ethereum's Enduring Dominance
Despite the emergence of strong competitors like Solana, Ethereum remains the undisputed leader in the blockchain space. Its long-standing history, extensive developer community, and robust security infrastructure have solidified its position as the go-to platform for many dApps. Ethereum's transition to a proof-of-stake (PoS) consensus mechanism, known as The Merge, has further enhanced its scalability and energy efficiency.
Moreover, Ethereum's dominance in the DeFi and NFT markets is undeniable. A vast array of DeFi protocols, including lending platforms, decentralized exchanges, and yield farming platforms, are built on Ethereum. The platform's popularity in the NFT space is evident from the success of projects like CryptoPunks and Bored Ape Yacht Club.
The Battle for Market Share
As the cryptocurrency market enters a period of increased volatility and potential altcoin season, the competition between Solana and Ethereum is likely to intensify. Solana's scalability advantages and growing ecosystem could attract more developers and investors, leading to increased demand for the SOL token. However, Ethereum's established position, strong developer community, and ongoing technological advancements may enable it to maintain its dominance.
The outcome of this battle will depend on several factors, including:
• Network Performance: Both platforms will need to continue to improve their network performance and scalability to meet the growing demand for decentralized applications.
• Developer Adoption: Attracting and retaining top developers will be crucial for both platforms.
• Security: Ensuring the security of the network and protecting users' funds is paramount.
• Regulatory Environment: The regulatory landscape for cryptocurrencies could significantly impact the adoption and growth of both platforms.
Conclusion
While Solana has emerged as a strong contender in the blockchain space, Ethereum's established position and ongoing development efforts make it difficult to displace. The future of the cryptocurrency market is uncertain, and both platforms will need to adapt to evolving technologies and changing market dynamics. Ultimately, the success of Solana and Ethereum will depend on their ability to deliver value to users and developers.
SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview:
Position: Long
Entry: 143.38
Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26)
Stop Loss: 139.39
Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move.
Market Stats:
Volume: 3.98M
Average Volume (30D): 9.02M
Performance:
Weekly: +8.96%
Monthly: +15.53%
Year-to-date (YTD): +77.77%
Annual: +451.45%
Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries.
This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
SOL/USDT: Bull Flag Breakout: Potential 10x Opportunity Ahead!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
SOL is looking very promising on the higher time frame. It’s breaking out of a bull flag structure on the 2-day chart. We’re just waiting for one more candle for confirmation, but once confirmed, SOL could be set for a potential 10x move. Consider accumulating on dips!
Entry Range: $145 - $175
Target: $800 - $1000
What do you think of SOL’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Will Solana (SOL) trigger a 15% rise before the month-end?The rising DEX volumes than Ethereum have made the market participants bullish on Solana’s (SOL) price rally. The growing popularity of the Solana-based memecoins has contributed to the rise in the network activity and eventually the DEX volumes too. Meanwhile, the SOL price remains stuck within a consolidated range and demonstrates the possibility of reaching $200 in the coming days but here’s the twist.
The long-term trade suggests the SOL price is about to repeat a previous trend as the token breached the resistance but is failing to sustain above the gains. The recent drop from the levels close to $180 suggests the bulls are facing some exhaustion, which could remain only for a short time frame.
The weekly chart suggests the price testing the resistance of the decisive symmetrical triangle. In an attempt to breach above the range, the bulls have lost strength but as long as the levels remain elevated above $170, the probability of a rebound remains high. In such as case, a monthly close above the level could trigger a notable rise beyond $200 may materialise in a short while. Besides, in the short term, the selling pressure has increased which has paved the way for a small pullback.
However, a rise above $178 may invalidate the bearish scenario and a rise above $180 could validate a strong ascending trend for the Solana (SOL) price rally.
SOLUSDT range market with potential for huge gain Hello and greetings to all the crypto enthusiasts, ✌
SOLUSDT is one of the most promising assets in the crypto market and my favorite stock. I previously shared its upward charts with you, and in this analysis, we will have a brief overview of its future behaviors. 📚
As is clearly evident, the price is in a parallel channel, forming close highs and lows, indicating that the market for this asset is ranging. The most important resistances and supports are marked on the chart. 💡✌
For further upward movement, the price needs to break its main resistances. During this process, we may witness ranging candles or even some downward candles, but our overall outlook is bullish. ✔🙌📚
Our team’s perspective on this asset is that it has the potential for significant upward movement following the ranging phases. 🙌
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋
#SOL/USDT
#SOL
The price is moving in an ascending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 169
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 176
First target 185
Second target 191
Third target 198
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update.
BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets.
SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Solana (SOL) - Potential for a Strong Uptrend Continuationhello guys.
Primary Trend Structure: The chart shows a classic Elliott Wave formation with an initial five-wave impulsive move (1-5) followed by a three-wave corrective pattern (A-B-C), suggesting the start of a new bullish cycle.
Current Cycle: The recent price action is part of a new five-wave cycle with waves 1, 2, and 3 already formed. Wave 4 appears to be forming, preparing for a final upward movement in wave 5.
Wave 4 Support Zone: The purple-shaded area marks a strong support zone, which could act as a launch point for wave 5 if prices retrace to this level. This support is in line with the typical retracement levels for wave 4, reinforcing its validity as a potential pivot zone.
Wave 5 Target: Based on Fibonacci extensions, wave 5 could potentially reach the 0.618 extension level, around the $680 zone, representing a significant upside from the current price.
Bullish Continuation Signals: Higher highs and higher lows are evident, which confirm a bullish trend. The price staying above key support levels strengthens the bullish outlook.
Risks: If prices break below the wave 4 support zone, the structure could invalidate the expected bullish wave 5 target, leading to a potential deeper correction.
Summary: The chart shows a potential bullish continuation in SOL, with a target in the $680 zone if wave 4 support holds and wave 5 unfolds as anticipated.