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Solusdt

SOL Solana Technical Analysis and Trade Idea 📊 In our latest video, we delve into two SOL (Solana) options: a strategic entry point for dollar-cost averaging if you’re accumulating SOL, and an intraday trade concept tailored for active traders. As usual, the video provides insights on my trade entry points, trend analysis opinions, market structure, and price action. Remember, this content is educational in nature and not intended as financial advice. 📈 🚀
Long
by fxtraderanthony
2
SOL Long Trade SetupCurrent Situation: Price Level: SOL recently pumped and is now trading at the top of the range area of support around $170, providing a potential entry point for a long trade. Trade Strategy: Entry Point: Enter a long position at the current support level of $170. Take Profit Targets: First Target: $190 – $210 Second Target: $240 - $260 Stop Loss: Set just below $160 to manage risk. Summary: SOL's recent price action has positioned it at a strong support level of $170, making it an ideal point for a long trade. The take profit targets are set at $190 – $210 and $240 - $260, with a stop loss just below $160 to protect against potential downside.
Long
by Richtv_official
SOL/USDT Analysis: Preparing for the Breakout🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: SOL About the Project Solana (SOL) is known for its high-speed blockchain technology and increasing adoption. It remains a significant player in the crypto space with a strong ecosystem. 🧩 Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, examining different scenarios. ♟ Support and Resistance: SOL has found support at 162.32. The price is currently ranging, with primary resistance levels at 167.81 and 172.52. A major resistance level is observed at 187.29. 📉 Bearish Scenario: If a candle closes below 162.32, the next bearish phase might start, with the first support target at 157.40. Further bearish confirmation could be found if the price breaks below 157.40, with the next support level at 151.00. A break below 50 on the RSI could confirm the bearish momentum. 📈 Bullish Scenario: If the price breaks above 167.81, we can look for a target at 172.52. A break above 172.52 would set the next target at 187.29. A break above 50.67 on the RSI could confirm the entry of bullish momentum into the market. 📊Volume Analysis Current volume at 429.872K indicates a need for increased buy volume to confirm resistance breakouts. Monitoring volume convergence with price action is crucial to avoid false breakouts. 👨‍💻 Trading Positions 🪄Long Position Primary Entry Trigger: Break above 167.81 Strategy: Open a position on the break of 167.81 and wait for confirmation from the price to set the target at 172.52. Consider taking partial profits at 172.52 and adjusting stop loss to entry. Secondary Entry Trigger: Break and stabilization above 172.52 Strategy: Open a position on the break and stabilization above 172.52, targeting 187.29. Look for increasing volume and RSI confirmation for stronger bullish momentum. 💣Short Position Primary Entry Trigger: Break below 162.32 Strategy: Open a position on the break of 162.32 as this is a very critical level in the market. Target the next support at 157.40. Adjust stop loss based on price action. Secondary Entry Trigger: Break below 157.40 Strategy: Open a position on the break of 157.40, targeting the next support at 151.00. Look for volume increase and RSI breaking below 50 for confirmation of bearish momentum. 📝 Summary: SOL is currently ranging within key support at 162.32 and resistances at 167.81, 172.52, and 187.29. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be significant. Long positions should be considered above 167.81 and 172.52, while short positions should be considered below 162.32 and 157.40. Always keep an eye on the RSI for confirmation of momentum in either direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
5
SOL (SOLANA) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
SOL, Break of the Previous Ceiling or Start of Wave C?Hello dear friends, I hope you are all well. Important note: First, read the previous analysis I shared on Solana, then proceed to this analysis. For several reasons, I see Solana as bearish: 1. Thankfully, the previous wave count analysis was correct (meaning it completed the 5 main Elliott waves and then entered the corrective phase). One thing I realized today is this: In the previous analysis, I did the wave count in the weekly time frame, but I shared the roadmap and type of decline in the 4-hour time frame. When I look at the chart in the weekly time frame, this deep correction is only wave A, and we are now in the structure of wave B. -------------- The higher wave B goes, the less the decline of wave C will be. For example, if the end of wave B is around $183, the decline of wave C will be between $89 and $63. -------------- In the Solana dominance chart (SOL.D), the period from June 7 to June 17 is the most important time area. It is likely that during this period, Solana's dominance will undergo a change. Structurally, I see nothing but a repetitive Elliott cycle. -------------- In the RSI indicator (SOL.D), the main weekly trend has broken, and we are heading towards a pullback decline. If there is any change in the chart structure, the analysis will be updated. If I identify a precise bearish pattern or timing, I will update the analysis. Thank you for taking the time to read. I hope you have profitable trades.
Short
by Sadegh_Sh
12
SOLUSDT TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
Bullish Continuation Pattern Signals Over 20% Upside Potential?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:SOLUSDT On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has formed a bullish chart pattern (symmetrical triangle) and breached the upper trendline. Such a breakout typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 185.72. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 227.21. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on SOLUSDT." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
6
SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side. Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.
COINBASE:SOLUSDLong
by apaqu
2
SOL: Pullback in UptrendTrade setup : Price is in an Uptrend. Pullback near $160 support and long-term up trendline ($143) could be an attractive swing trend entry in Uptrend, with +25% upside to $200. Stop Loss (SL) level at $140. Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $160.00, then $125.00. Nearest Resistance Zone is $200.00.
Long
by altFINS
1
Solana (SOL): Will it Rebound Back to $170 or Slip Down to $150?With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead. While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure? Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June. As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is currently holding above the local support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon. Besides, the technicals suggest a notable change in the trend as the Gaussian channel just turned green, indicating the beginning of an upswing. Moreover, the price is closely ranging just below the upper bands of the channel and if they manage to break above the levels, a fresh upswing may begin. Secondly, the stochastic RSI has also reached below the lower threshold and could be preparing for a rebound, substantiating the bullish claim. Therefore, Solana’s (SOL) price continues to remain within bullish influence and hence a bullish breakout above $175 may be expected at the beginning of the second half of 2024. WHITEBIT:SOLUSDT
Long
by paul_endeo
36
Solana's Phantom Wallet Introduced Bitcoin Ordinals integrationSolana ( CRYPTOCAP:SOL ), the popular cryptocurrency, has been regaining attention as it hosts Bitcoin Ordinals on its associated Phantom Wallet. The platform has announced that Bitcoin support is now out of beta and available to everyone, eliminating the need for users to rely on centralized exchanges or unfamiliar wallets for collecting Ordinals. The team of developers at Phantom has dedicated themselves to enhancing the Bitcoin experience since its beta debut in December 2023. Users can now buy and sell Ordinals and BRC-20s through various apps such as Magic Eden, Atlas 3, Ordinals Wallet, UniSat, BeFi Labs, Matrica Labs, Ordiswap, Hello, and Gamma. Solana's low cost and high-speed network attracts users due to its low cost and high-speed network. PayPal recently expanded its stablecoin, PYUSD, to the Solana ( CRYPTOCAP:SOL ) network, marking a significant leap in expansion for the online payment platform. The Phantom Wallet offers comprehensive crypto management, including recursive inscriptions and ledger compatibility. Users can securely manage their Bitcoin, Ordinals, and BRC-20s in one account through the mobile app and browser extension. The Collectibles tab allows users to discover and manage rare sats, check total sat amounts, and view "satributes" for each UTXO. Additionally, Phantom offers simple address management, enabling Native Segwit, Taproot, or both. This comeback simplifies the process of transferring and buying Bitcoin instantly, offering a comprehensive and streamlined experience for all crypto needs. Solana ( CRYPTOCAP:SOL ) has manage to regain the $170 pivot again validating its position as the third to Ethereum ( CRYPTOCAP:ETH ). The Altcoin has a Relative Strength Index (RSI) of 55.62 which is primed for a trend reversal. In the short term, Solana's ( CRYPTOCAP:SOL ) daily price chart shows a rising trend pattern from an initial falling wedge pattern.
COINBASE:SOLUSD
by DEXWireNews
1
SOL: Pullback in UptrendTrade setup : Price is in an Uptrend. Pullback near $160 support and long-term up trendline ($143) could be an attractive swing trend entry in Uptrend, with +25% upside to $200. Stop Loss (SL) level at $140. Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $160.00, then $125.00. Nearest Resistance Zone is $200.00.
Long
by altFINS
Solana Stumbles at $190: Can the Rally Hold?Solana (SOL), a prominent blockchain platform known for its fast transaction speeds, faces a hurdle in its current price uptrend. Despite a 5% rally on , on-chain data suggests challenges that could hinder SOL from decisively surpassing the $190 resistance level. Let's delve into the factors contributing to this hesitation. Resistance at $190: A Psychological Barrier The $190 price point represents a significant psychological barrier for SOL. It previously acted as a support level in early 2024, but after a period of decline, it now presents resistance for the bulls trying to push the price higher. Breaking through resistance levels often requires significant buying pressure. If buyers are hesitant or lack conviction, the price can struggle to overcome this hurdle and may even fall back. On-Chain Data Paints a Mixed Picture While the price action shows a short-term upswing, on-chain data, which analyzes activity on the Solana blockchain, paints a less clear picture. Here's a breakdown of two key metrics: • Network Activity: Recent data suggests a stagnation in Solana's network activity compared to its competitors. While SOL's price rose, the number of transactions and active users haven't seen a proportional increase. This could indicate a lack of organic growth and user adoption, which are crucial factors for sustained price appreciation. • Impact of Inflationary Proposal: A proposed change to Solana's tokenomics, SIMD-0096, has sparked debate. While some argue it will increase network security, others believe it could lead to higher inflation for SOL. This uncertainty might be discouraging some investors from entering the market. External Factors Affecting SOL The broader market sentiment also plays a role in SOL's price movement. The recent approval of an Ether (ETH) exchange-traded fund (ETF) in the US may have drawn some investment away from alternative blockchains like Solana. Investors may be shifting their focus towards established players like Ethereum, potentially impacting SOL's short-term momentum. What to Watch Out For For SOL to overcome the $190 resistance and maintain an uptrend, several factors need to be monitored: • Network Activity: A significant increase in transactions and active users on the Solana network would be a positive sign, indicating organic growth and potential for further price appreciation. • Clarity on Inflationary Proposal: If the community reaches a consensus on the SIMD-0096 proposal, and its impact on inflation is well-understood, investor confidence in SOL could improve. • Overall Market Sentiment: A positive performance by the broader cryptocurrency market would create a tailwind for SOL, potentially aiding its breakout above $190. Conclusion Solana's recent price rally is encouraging, but the resistance at $190 and mixed on-chain data pose challenges. Network activity, the outcome of the inflationary proposal, and overall market sentiment will be crucial factors to watch in the coming days and weeks. If SOL can overcome these hurdles, it could pave the way for a more sustained uptrend. However, if the price falls back from $190, it may indicate a need for more fundamental developments to drive long-term growth for the Solana ecosystem.
COINBASE:SOLUSDLong
by bryandowningqln
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below: In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market. Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent: ____________________________
COINBASE:SOLUSDLong
by CryptoCheck-
1