SOL's situation+next targets and expected movements.It can now be said that the cup and handle pattern has broken well, and from a technical perspective, the price can rise from here.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Solusdt
SOL Cup & Handle pattern approaching the key breakout area.SOLANA has been building a massive cup-and-handle pattern for over four years and has yet to break out. There was a small, false breakout after the November 5th election of President Donald Trump, but the pattern has not yet played out to its full potential.
I believe that during the upcoming 'alt-coin' season, up until mid-2025, we will see SOL, at a minimum, 2X to 3X in value. On the extreme side, it could even rise as high as 10X.
Either way, SOLANA holders will be more than satisfied, assuming there are no unpredictable events that could hinder SOL's inevitable rise through price discovery to new all-time highs.
Good luck, and always use a stop loss!
SolAna "🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
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Get Ready for Solana’s Boost: More Gain Coming SoonHello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Solana , 📚🎇
Solana has outperformed Ethereum in key performance metrics recently, thanks to its skilled development team and strategic updates that continue to solidify its leadership in blockchain innovation.
With a strong foundation in place, a price target of $265—offering a 29% potential gain—seems very realistic. Technical analysis also supports this optimistic outlook, suggesting the upward trend will likely continue.
🧨 Our team's main opinion is: 🧨
Solana has outperformed Ethereum recently, with a strong foundation and strategic updates, making a $265 price target and 29% potential gain very achievable.
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Solana Nears $220, ETF Approval Hopes Spark Optimism
Solana (SOL), a prominent player in the blockchain arena, has been exhibiting a strong upward trajectory, nearing the $220 price mark. This surge in value is fueled by a renewed sense of optimism sweeping through the cryptocurrency market, largely driven by growing anticipation surrounding the potential approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. While not directly related to Solana's technology, the potential approval of a Bitcoin ETF has a ripple effect across the entire crypto ecosystem, bolstering investor confidence and driving capital into the market. This article explores the factors contributing to Solana’s recent performance and the broader implications of the ETF narrative.
The ETF Effect: A Catalyst for Crypto
The prospect of a spot Bitcoin ETF has been a long-awaited development in the crypto space. Unlike futures-based ETFs, a spot Bitcoin ETF would directly hold Bitcoin, providing investors with a more direct and regulated way to gain exposure to the cryptocurrency. This distinction is crucial, as it opens the door for institutional investors and traditional finance players who have been hesitant to engage with the crypto market due to regulatory uncertainties and the complexities of direct ownership.
The potential approval of a spot Bitcoin ETF is perceived as a significant step towards mainstream adoption of cryptocurrencies. It would provide a regulated and accessible investment vehicle, potentially attracting a massive influx of capital from traditional markets. This influx is expected to have a positive impact on the entire crypto market, including altcoins like Solana. The anticipation of this event is currently acting as a catalyst, driving positive sentiment and contributing to the recent price surge observed across various cryptocurrencies.
Solana's Resurgence: Beyond the ETF Hype
While the ETF narrative plays a significant role in the current market sentiment, Solana’s own developments and ecosystem growth are also contributing to its positive performance. Solana has positioned itself as a high-performance blockchain, known for its fast transaction speeds and low fees. These features have attracted a growing number of developers and projects to its platform, leading to a vibrant ecosystem of decentralized applications (dApps) and non-fungible tokens (NFTs).
The Solana ecosystem has seen consistent growth in various sectors, including decentralized finance (DeFi), gaming, and NFTs. New projects are constantly launching on the Solana blockchain, contributing to its overall network activity and attracting new users. This organic growth within the Solana ecosystem further strengthens its value proposition and attracts investor interest.
Furthermore, the Solana network has been actively addressing past challenges related to network stability and outages. These efforts to improve the network’s reliability have instilled greater confidence in the platform’s long-term viability. Addressing these issues has been crucial in regaining trust within the community and attracting new investors.
Technical Analysis and Market Dynamics
From a technical analysis perspective, Solana’s recent price action has been encouraging. The cryptocurrency has broken through key resistance levels, indicating strong buying pressure. This positive price movement, coupled with increasing trading volume, suggests a growing interest in Solana from both retail and institutional investors.
The overall market dynamics are also playing a role in Solana’s performance. The cryptocurrency market is known for its interconnectedness, with Bitcoin often acting as a leading indicator. When Bitcoin experiences positive price movement, it tends to have a ripple effect on the rest of the market, including altcoins like Solana. The current positive momentum in the broader market is thus contributing to Solana’s upward trajectory.
Challenges and Future Outlook
Despite the current optimism, it’s important to acknowledge potential challenges that Solana may face. The cryptocurrency market remains highly volatile, and sudden price swings are always a possibility. Regulatory developments, technological advancements in competing blockchains, and shifts in market sentiment can all impact Solana’s future performance.
However, the long-term outlook for Solana remains positive. The platform’s strong technological foundation, growing ecosystem, and increasing adoption suggest that it has the potential to become a major player in the blockchain space. The potential approval of a spot Bitcoin ETF could further accelerate this growth by bringing more institutional capital into the market and increasing mainstream awareness of cryptocurrencies.
Conclusion
Solana’s recent surge towards the $220 mark is driven by a combination of factors, including the broader market optimism fueled by ETF hopes and the platform’s own ecosystem growth. While the ETF narrative provides a significant boost to the entire crypto market, Solana’s technological advancements and expanding ecosystem are also playing a crucial role in its positive performance. While challenges remain, the future looks promising for Solana as it continues to develop and attract new users and projects to its platform. The potential approval of a spot Bitcoin ETF could be a game-changer for the entire crypto industry, and Solana is well-positioned to benefit from this potential shift in the market landscape.
SOL/USDT Reclaims Key Support: Next Stop $230?SOL/USDT chart has recently broken out of a descending trendline, signaling a strong bullish reversal.
The price has reclaimed a key support zone around the $205-$210, which previously acted as a significant resistance level, further validating the breakout.
DYOR, NFA
Scalp in 4hKey Points:
Price Trend: SOL is currently in a downward trend but nearing a support zone, hinting at possible reversal or further decline based on breakout direction.
Strategy : Patience is key; traders should wait for clear breakout signals before entering trades, with attention to Fibonacci levels for setting targets or stops.
Risk Management : Important in volatile markets like crypto; setting stop-losses near key Fibonacci levels or recent lows/highs is advised.
#Dot also same With Tia 20$ coming soon CRYPTOCAP:DOT BINANCE:DOTUSDT.P BINANCE:DOTUSDT
KUCOIN:DOTUSDT
### **1. Fibonacci Analysis**
Levels Identified**:
0% (high)**: **11.889** (recent high point).
- **0.236**: **9.928**.
- **0.5**: **7.735** (current price zone).
- **0.618**: **6.754**.
- **0.65**: **6.488** (golden pocket).
- **0.786**: **5.358**.
- **1 (low)**: **3.580** (recent low point).
Current Price Action**:
The price is sitting near the **0.5 Fibonacci level (7.735)**, a commonly used support/resistance level.
The annotation suggests this is a buying opportunity due to the convergence of technical factors.
---
### **2. Key Support and Resistance Zones**
Support Zones**:
- **6.754–6.488**: The golden pocket is a high-probability reversal zone.
5.358: Corresponds to the **0.786 Fibonacci level**, adding further support.
- **3.580**: Major historical low and 100% retracement.
Resistance Zones**:
9.928: **0.236 Fibonacci level**, acting as the first key resistance.
11.889: Recent swing high and ultimate target.
---
### **3. Buying Opportunity**
The annotation on the chart identifies the **0.5 Fibonacci level (7.735)** as an optimal buying zone. The reasoning is likely due to:
Confluence with the support zone.
Fibonacci retracement aligning with the trend.
---
### **4. Potential Price Scenarios**
Bullish Scenario**:
If the price holds above **7.735** and confirms support, it could target **9.928** (0.236 Fibonacci level).
A breakout above **9.928** opens the path to the recent high of **11.889**.
Bearish Scenario**:
A breakdown below **6.754–6.488** (golden pocket) could send the price toward **5.358** or lower.
---
### **5. Strategy**
- **Entry**:
Enter around the **7.735** level.
- **Stop-Loss**:
- Below **6.488** (below the golden pocket).
- **Targets**:
Target 1: **9.928**.
Target 2: **11.889**.
---
### **6. Indicators to Confirm Trade**
RSI: Check if it shows oversold conditions near the current level.
Volume: Increasing volume near **7.735** confirms buying interest.
MACD: Look for bullish crossovers to confirm momentum.
Long Signal for Solana (SOL) | 100% Profit Potential with 1:5.5 📉 Analysis: Solana (SOL) has completed an ABC correction and successfully broken its descending trendline, signaling the start of a strong bullish move. This setup offers an excellent 100% profit potential with a 1:5.5 risk-reward ratio.
📌 Key Levels:
- 🔹 Entry Point: 213.50 USD
- 🔹 Stop Loss: 174.00 USD
- 🔹 Take Profit: 430.00 USD
📊 Outlook: The break above the descending trendline confirms a change in momentum, making SOL ready for its next major move upwards. A perfect setup for traders looking for high returns with calculated risk.
📢 Share your thoughts! Don't forget to share this signal with your trading circle and let us know your plans in the comments.
UpdaSolana Ute on Solana - Breakout Has Happened! Where To Next?👀 👉 As highlighted in yesterday's video, we can now observe that Solana has broken structure to the upside on the 4-hour timeframe. This move is unfolding as anticipated, and I’m currently watching for a retracement into the 50-61.8% Fibonacci zone for a potential buy setup. Any buy decision will depend on price action aligning with the analysis discussed in the video. Please note, this is not financial advice. 📉✅
SOLUSDT on Fire: $200 Resistance Broken, Next Stop $300?BINANCE:SOLUSDT has shown remarkable strength, bouncing sharply from its major support level at $175. After a period of consolidation below the $200 resistance, it successfully broke out, signaling a strong bullish trend. This breakout paves the way for further upside, with the next major target set at $300, potentially reaching a new all-time high. Always manage your risk carefully by setting a stop loss below $175 to protect your capital. As momentum builds, BINANCE:SOLUSDT could deliver significant gains, but caution and proper risk management are crucial.
BINANCE:SOLUSDT Currently trading at $205
Buy level : Above $200
Target : $300
Stop loss : $175
Max leverage 3x
Always keep Stop loss
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SOL 4H Chart Insights: Solana on the Verge of a Move!👀👉 On the 4-hour chart, Solana appears to be trading within a defined range for now, offering no immediate trade opportunities. However, a closer analysis reveals that a market structure breakout in either direction is imminent. When this occurs, it could present a promising opportunity to profit from the breakout. I’m monitoring this setup closely and will provide updates in future videos as we move into 2025. Please note, this content is for educational purposes only and should not be interpreted as financial advice. 📉✅
SOL Analysis: Weak Trend, Big Opportunities Ahead!### 🌟 Comprehensive Technical Analysis Based on Real Data 🌟
*(This analysis is practical and based on actual market data.)*
---
### 📊 Overall Market Trend (Using ADX Indicator)
The ADX (Average Directional Index) is at 12.89, indicating weak overall market trends. The +DI (14.25) is slightly higher than -DI (18.45), showing the market is currently in a weak bearish trend.
- **Analysis and Impact:**
The current market trend is very weak, and traders should be cautious of false signals in such conditions. It's better to wait for stronger indications of trend changes before entering any trades.
---
### 📉 Overbought and Oversold Conditions (RSI and Stochastic)
- **RSI (Relative Strength Index):** At 47.14, it is in the neutral zone, indicating neither overbought nor oversold conditions.
- **Stochastic Oscillator:** K (%K) is at 26.26, and D (%D) is at 26.81, showing the market is near the oversold zone.
- **Analysis and Impact:**
RSI remains neutral, with no clear indication of a trend reversal. However, Stochastic's proximity to the oversold zone may suggest the potential for a short-term bullish correction in the near future.
---
### 📈 Moving Averages Analysis (EMA and SMA)
- Moving Average Data:
- EMA10 (190.91) < Current Price (190.33); bearish signal.
- EMA20 (191.31) < Current Price (190.33); bearish signal.
- EMA50 (191.59) and EMA200 (197.73) are also below the current price.
- **Analysis and Impact:**
All long-term (EMA50, EMA200) and short-term (EMA10, EMA20) moving averages indicate a bearish dominance. The market's bearish trend is likely to persist in the short to medium term. Traders should avoid new buy positions unless stronger bullish signals emerge.
---
🔍 **Key Indicator Analysis (MACD, CCI, Momentum)**
- **MACD:** MACD value is -0.42, and its signal line is at -0.28, confirming a sell signal.
- **CCI (Commodity Channel Index):** At -49.61, it is close to neutral territory.
- **Momentum:** At +1.02, it shows a slight increase in market momentum.
- **Analysis and Impact:**
The MACD indicates a strong bearish market, but the positive Momentum value suggests a potential short-term reduction in selling pressure.
---
🛑 **Key Support and Resistance Levels**
- **Support Levels:**
- First Support: 176.99 (Classic Pivot S1).
- Second Support: 164.05 (Classic Pivot S2).
- **Resistance Levels:**
- First Resistance: 202.36 (Classic Pivot R1).
- Second Resistance: 214.79 (Classic Pivot R2).
- **Analysis and Impact:**
The support level at 176.99 serves as a critical area for potential price correction. Resistance at 202.36 acts as a short-term barrier for upward movement. Traders may set their orders near these levels.
---
✅ **Summary and Actionable Recommendations**
- **Practical Suggestions:** Based on the current signals:
- **Buying:** Not recommended; the risk of continued bearish movement is high.
- **Selling:** Selling near the resistance level of 202.36 or at the current price range, targeting support at 176.99, could be considered.
- **Waiting:** Waiting is the best option for conservative traders in this environment.
**Reason for Recommendations:** Weak market trends (per ADX), bearish moving average signals, and the absence of clear bullish signs in most indicators suggest the market is not ready for significant upward movement.
---
⚠ **Disclaimer:**
This analysis was fully generated by AI and is for informational purposes only. Always use your experience and consult professionals before making any trading decisions. 😊📉
Time to Enter SOL Short-Term, Up to 5% PotentialHappy New Year, crypto and trading Triends!
I hope you celebrated well! Now it’s time to get serious. I see a short-term opportunity in SOL, with up to 5% upside potential. Here’s why:
Trading below all major moving averages: 50, 100, and 200-day.
Positioned near the lower Bollinger Bands line, suggesting potential oversold conditions.
Close to the bottom trendline, which could act as a critical support level.
SOL remains a fundamentally strong asset, and we’ve observed significant interest from major players, including ETF developments, which could inject fresh money and liquidity into the market.
That said, caution is key. This is a short-term play with a 5% upside potential in the coming week. If SOL doesn’t show upward movement within a day or two, this narrative could quickly lose its relevance, and the situation would need to be reassessed.
Stay tuned,
Mister iM
AI-Powerd Market Analysis: Trend Insights You Need to Know### 📊 Overall Market Trend
Based on the ADX indicator (Average Directional Index), the current ADX value is 11.99, indicating a weak or neutral trend in the market. The +DI value of 22.05 and -DI value of 17.51 suggest slightly higher bullish pressure compared to bearish pressure, though the difference is not significant. With the ADX below 20, the market is in an indecisive or neutral phase. Traders are advised to avoid large positions until a clear market direction is established.
### 📉 Overbought and Oversold Conditions
The RSI (Relative Strength Index) at 53.15 lies in the neutral zone, indicating that the market is neither overbought nor oversold. Similarly, the Stochastic indicator with K at 59.35 and D at 46.16 is also moving in the neutral zone, showing no signs of extreme buying or selling activity. This suggests that the likelihood of a sharp trend reversal is currently low.
### 📈 Moving Averages Analysis
The current status of the moving averages (EMA and SMA) is as follows:
- EMA10 (191.34) and SMA10 (191.27) are above EMA5 and SMA5, indicating moderate buying pressure.
- Short-term moving averages (EMA10, EMA20, and EMA50) are close to or above the current price, offering a mild bullish signal.
- However, the long-term moving averages (EMA200 at 198.74 and SMA200 at 198.21) remain below the current price, reflecting weakness in the longer timeframe.
Summary: Short-term trades can lean bullish, but long-term positions require more caution.
### 🔍 Key Indicator Analysis
- **MACD**: The MACD line at -0.144 is slightly above the signal line at -0.260, issuing a weak bullish signal.
- **CCI**: With a value of 107.44, the CCI shows moderate upward momentum without approaching overbought territory.
- **Momentum**: A reading of 5.8 indicates positive market movement, supporting a bullish inclination.
### 🛑 Key Support and Resistance Levels
Using classical pivot and Fibonacci calculations, the following key levels are identified:
- **Major Support Levels**:
- Support 1 (S1): 176.99
- Support 2 (S2): 164.05
- **Major Resistance Levels**:
- Resistance 1 (R1): 202.36
- Resistance 2 (R2): 214.79
**Trading Strategy**:
If the price breaks above the resistance at 202.36, a bullish move toward 214.79 can be expected. Conversely, a break below the support at 176.99 may signal a bearish trend.
### ✅ Summary and Actionable Insights
Under current conditions, "waiting" appears to be the most logical strategy. The weak trend (ADX below 20) suggests that the market lacks a clear direction for now. However, if the price surpasses the key resistance at 202.36, a buying opportunity may arise. Conversely, a drop below the support at 176.99 could justify short positions.
⚠️ **Disclaimer**: This analysis was generated by AI and should be supplemented with your own knowledge and expertise. Always trade responsibly.
Solana Trying To Reclaim BullishnessThere's an ascending triangle under construction on the 4h of SOLUSDT.
Breakout confirmation to the upside would be a 4h close above 201, with a conservative target around 221 and a more aggressive one suggesting a retest around the 227 high.
A 4h close below 186 would invalidate the pattern.
SOLANA the best📊 Technical Analysis of Solana (SOL/USD):
1️⃣ Resistance Zone (📈):
The main resistance level is at $229.93, marked in the red area. If the price reaches this level, there is a possibility of reversal and price correction.
2️⃣ Support Zone (📉):
The gray zone between $145 and $148 acts as a strong support level. This range is attractive for buying (Buy Zone).
3️⃣ Exponential Moving Average (EMA) (🔶):
The price is trading below the 50-day EMA, indicating a bearish trend.
5️⃣ Trading Suggestions:
📥 Buy: Near the support level of $145-$148, accompanied by a reversal signal.
📤 Sell: Near the resistance level of $229 to take profit.
6️⃣ Risk Warning (⚠️):
If the price closes below the $145 level, there is a higher likelihood of a continued downtrend.