Solana Nearing $200: A Potential Day Trader’s OpportunitySolana is on the verge of hitting the $200 mark after breaking out. For day traders, this could be a great chance to lock in some profits .
I’m planning to wait briefly after the breakout to see if it’s just a fake breakout. If the price continues to rise, I’ll open a long position and aim to close it at $200. My stop-loss is currently set at $183 and will be adjusted based on price action, so it eventually moves into positive territory.
What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!
Solusdt
Solana: Potential Breakout Above $250?Provide a brief overview of your analysis and explain why this analysis is significant for readers.
Example:
"Solana (SOL) has been showing strong price movements recently. In this analysis, we’ll explore the key support and resistance levels, a potential breakout scenario, and the implications for both short-term and long-term traders
Technical Analysis:
Present the details of your analysis. Include your chart image and explain it using the text below:
Trendlines and Key Levels:
"The chart clearly shows that SOL has broken a long-term descending trendline. This breakout indicates a potential bullish continuation. However, the critical support zone between $180–$200 (highlighted in purple) will play a key role in determining the next move."
B) Resistance Levels:
"The major resistance lies above $250, where previous sellers have dominated. A confirmed break above this level could lead to a strong rally, potentially targeting $300 or higher."
C) Projection Scenarios:
"As shown in the chart, there are two possible scenarios:
If the price holds above the $180–$200 support zone, we could see a continuation to the upside.
A failure to hold this zone may result in further downside pressure, retesting lower levels around $150."
Fundamental Analysis:
If you have any fundamental analysis, include it in this section.
Example:
"With increasing adoption of Solana's ecosystem and its recent updates, the fundamentals support a potential price increase. However, macroeconomic factors and Bitcoin's dominance will also influence SOL's trajectory.
Solana Analysis: Key Levels and Trading Perspectives 24.12.28Hello, this is Greedy All-Day.
Today’s analysis focuses on Solana (SOL).
Daily Chart Overview
Starting with the daily chart, Solana has experienced a dramatic rebound after a 97% drop from its peak in November 2021. After nearly three years, it has risen back to the 267 resistance level but has struggled to break higher.
The key question here is whether Solana will surpass critical levels to aim for new all-time highs or if it will return to a corrective or bearish trend.
Buy Perspective
From a buying perspective:
Currently, Solana has dropped below the Ichimoku Cloud and is showing resistance at the cloud level on the daily chart.
A breakout of the resistance trendline may act as a signal for a short-term rebound, but for a more conservative approach, Solana must stabilize above the Ichimoku Cloud.
The first buy entry is at the green box breakout, roughly around 230. If Solana moves above this level, it could signal a renewed push toward all-time highs.
The second buy entry is at the 267 breakout. This level has served as resistance twice, so breaking it would likely lead to the formation of a new price frame with significant volume, signaling a strong upward trend.
Sell Perspective
From a selling perspective:
The short-term ascending trendline has already been broken, and a retest showed resistance, leading to a decline.
The blue box zone is a critical support level to monitor.
If this support fails, Solana is likely to drop further to the green box supply zone below. If you missed the initial entry at the trendline break, the blue box breakdown serves as the first signal for a sell position.
Key Long-Term Level
One of the most critical levels for Solana is the red box zone.
The red box is closely aligned with the long-term ascending trendline and has previously served as a pivotal support level.
Historically, a breakdown of this zone led to a prolonged bearish trend.
Currently, the 78 level in the red box is far below the current price, but in the volatile world of crypto, unexpected moves can occur. For now, keep this level in mind as a reference point for long-term analysis.
Conclusion
Solana has the potential to rise if key resistance levels are broken, but for now, the trend appears to have shifted back to bearish.
Be cautious and monitor critical levels like the Ichimoku Cloud, 230, and 267 on the upside, and the blue box zone and 78 level on the downside.
Let’s trade smart and stay prepared for both opportunities and risks. 🚀
SOLUSDT --> Consolidation. One step away from a rally!BINANCE:SOLUSDT is in the correction phase, within which the price tested the previously broken consolidation boundary.
The focus is on the flat channel 205 - 180.
False break of support will provoke further growth. As well as a break of resistance and price consolidation above 205.
SOL has good fundamental and technical prospects and the coin may show something interesting in 2025
I see SOLANA above 320 (Ready to takeoff) Entire Market is green but SOL is red.
This recent and sudden decrease in SOL’s price (within hours) suggests Bears are watching and wanna drag it down.
Anyways, SOLANA is about to jump in a “Money Train”.
To all the Crypto Traders get ready:
As soon As SOLANA hits 190 mark , keep your tools blazing hot ready and jump on the train. Its gonna be a Fast ride thus Furious.
Trust No Exchange
Trust No Broker
Use Extreme Risk Management and always keep back up ready in your “left wallet”.
Time to go.
I see SOLANA above 320
SOL/USDT 1W Chart ReviewHello everyone, let's look at the 1W SOL to USDT chart, looking at the large time frame, we can see how the price is moving in the uptrend channel in which we currently have a visible correction approaching the lower part of the channel.
Seeing the current correction, which most likely held on support at our first stoplos, we will designate the locations of the next potential SLs:
SL1 = 184 USD
SL2 = 166 USD
SL3 = 143 USD
SL4 = 117 USD
However, if the price changes direction and the visible green candle starts gaining strength, it is worth moving on to setting goals for the near future, which include:
T1 = 211 USD
T2 = 234 USD
T3 = 253 USD
T4 = 271 USD
Strong Alt Coins Season on the Horizon!
The total altcoin market cap has reached its previous all-time high (ATH) level of $1.15 trillion and faced rejection at the resistance level. Currently, the price is consolidating below the resistance line. A breakout above this level could generate bullish sentiment, potentially leading to a strong altcoin season following the $1.15 trillion resistance breakout.
Is Solana recent rebound may trigger a full-scale bullrun?The SOL price faced a decent pullback that ousted the token from the top 5 cryptos as per the market capitalisation. However, the token is expected to revive a strong bullish action as it has entered the bullish range after triggering a rebound from the pivotal support. Therefore, this suggests the price is gearing up for another ascending price action towards new highs.
The recent rebound from the crucial support at the 200-day EMA suggests the bulls have become active as they prevent the token from excess price drain. Meanwhile, the RSI has triggered a rebound after reaching the lower threshold, which may further keep up the momentum of the rally. However, the volume has dropped to a large extent which may raise some concerns over the next price action.
After the rebound, the SOL price has entered within the bullish range, above the ascending trend line, which has been acting as strong support. Unless and until the price remains above the range, the probability of an extended ascending trend remains higher. In case of a bearish pullback, the 200-day EMA may offer a strong base and trigger a strong rebound. Now that the Solana (SOL) price has rebounded from a support confluence, the trend is expected to remain elevated and reclaim the levels at $300 in the first few days of 2025.
SOL to go back to 232Solana is looking good for a mean reversion back to continuation of the bull trend. It has a perfect retracement to the .5 fib level and bounced from there nicely.
I will start new trades at 195 and below for the capture the move back to the 230 level.
Stop loss right below 190. Not a financial advise so DYOR.
SOLUSDT - Will this nightmare come true?On October 22, I published this chart, and many were skeptical about what I was talking about.
"I share it and u can check the link i left in attachment."
Now, this scenario is highly likely, and everything is unfolding as shown in the chart below.
You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided.
Currently, the price has returned to the distribution zone, hitting the "failed rally point"
. All of this appears to have been a trap.
And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism.
I’m not entirely pessimistic, but I view things from a purely logical perspective.
This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic.
If a close below this red zone happens, consider it a signal to exit the market entirely."
SOLUSD Swing Long Opportunity - A Deeper Dive with TD SequentialBINANCE:SOLUSD is flashing a long signal on the daily chart, with a potential entry point around $175.65, a stop-loss below the entry bar's low, and a profit target at the TI Setup Trend Resistance near $228.95.
The Setup:
A Perfect Red Setup 9 has appeared on the SOLUSD daily chart, a classic TD Sequential signal suggesting the current downtrend could be nearing its end. This pattern, where the last nine consecutive bars close lower than the close four bars prior, often indicates exhaustion of the prevailing trend and a potential reversal.
Distinction and Entry Point:
It's crucial to distinguish between a Perfect Red Setup 9 and a Non-Perfect Red 9. The "perfect" setup requires specific price action criteria to be met during the setup, increasing the reliability of the signal. We have a confirmed Perfect Red Setup 9 in this case, making it a stronger signal than a Non-Perfect Red 9. Therefore, the suggested entry point is slightly earlier, looking for a close above the high of the Perfect Red Setup 9 bar, which is around $175.65. This allows traders to capitalize on the reversal sooner while maintaining a disciplined approach with a well-defined stop-loss.
Confirmation and Risk Management:
While the Perfect Red Setup 9 is a strong signal, confirmation with additional bullish indicators is always recommended. A price flip (Green Setup 2 appearing after the Red Setup 9) or bullish divergence in the RSI could further strengthen the long bias. A trailing stop-loss can help lock in profits as the price advances.
Disclaimer: This article is intended for educational purposes only and should not be construed as financial advice. Always conduct your own thorough research and manage your risk responsibly before making any trading decisions.
Big Idea: Swing Trade Setup for SOLUSDT BINANCE:SOLUSDT is showing signs of a bullish reversal backed by the Momentum Reversal Indicator (MRI), along with key technical levels derived from daily, weekly, and monthly charts. This trade setup leverages trendline analysis, Fibonacci retracements, and RSI confirmation to identify an actionable swing long opportunity. BINANCE:SOLUSDT
Key Levels and Signals
Entry Point: Above $195 upon confirmation of a price flip (Green 2 > Green 1 on the daily chart).
Stop-Loss: Below the recent swing low of $180 .
Take-Profit: Target $228.95 , the TI Setup Trend Resistance level.
Risk-Reward Ratio: At least 1:2 , aligning with standard risk management practices.
Technical Analysis
1. MRI Signal Overview
A recent Non-Perfect Red 9 was detected on the daily chart, signaling potential trend exhaustion of the bearish movement.
MRI countdowns confirm that bearish momentum is nearing a conclusion, paving the way for bullish price action.
2. Support and Resistance
Support Level: Recent swing low at $180 , which aligns with local demand zones and key Fibonacci retracement levels.
Resistance Level: $228.95 , identified as the TI Setup Trend Resistance on the daily chart, acting as a natural take-profit target.
3. Confirmation Indicators
RSI: Look for oversold conditions (<30) or bullish divergence to validate the reversal.
Trendline Breakout: A break above $ 195 , coupled with a Green 2 closing above Green 1, confirms upward momentum.
Fibonacci Retracement: The 38.2% retracement level aligns with the identified resistance zone, adding confidence to the take-profit target.
The Trade Plan
Action: Go Long 🚀
Entry Trigger: Enter above $195 , only after confirmation of a price flip (Green 2 > Green 1).
Stop-Loss: Place below the swing low of $180 to manage risk.
Take-Profit: Target the next resistance level at $228.95 , where price may face selling pressure.
Trailing Stop-Loss: Use a trailing stop to lock in profits as price moves favorably.
Risk Management
This trade offers a well-defined risk-reward ratio with clear stop-loss and take-profit levels. Ensure that your total risk does not exceed your portfolio's limits, and adjust position sizing accordingly.
Conclusion
SOLUSDT presents an exciting swing trade opportunity with favorable bullish signals and technical setups. Watch for confirmation before entering, and be prepared to capitalize on this potential reversal.
📉 Let me know your thoughts or if you see additional confluences! 📈
💡 Disclaimer: This idea is for educational purposes only. Always conduct your own analysis before making any financial decisions.
SOLA lot of well known traders are contemplating the idea that SOL MSS has changed. Yes it has changed in the LTF though in the higher time frame, it's still bullish.
A failure to close above the weekly high, trend moved towards the previous lows.
Now there are two possible scenarios.
1. Reclaim the previous low and move towards the previous high
2. Retrace towards the previous lows and sweep the current low and move higher.
I am opting for option 2 but one can trade accordingly
SOL/USDT: Are We Heading for a Breakdown or a Massive Rebound?Yello, Paradisers! Is #SOLUSDT gearing up for a major breakout, or are we staring at a looming collapse? The charts are heating up, and you need to see this analysis to stay ahead.
💎#SOL is currently holding its support trendline, hinting at a potential rebound. If this level holds, we could see SOL pushing upward to test the $204.60 resistance. A breakout above this level would likely trigger a strong continuation toward all-time highs (ATH).
💎If the support trendline gives way, the price is likely to test the $169–$155 demand zone. This area has consistently proven its strength, with previous price action respecting it multiple times. A rebound from here could still offer significant opportunities for the bulls.
💎The real danger arises if SOL fails to hold even at the demand zone. This area aligns with the support trendline, and a breakdown would signal a bearish trend, with the price potentially heading toward the strong support zone around $115.
💎Historically, the $115 level has acted as a major lifeline for SOL. If this level is broken and a daily candle closes below it, bullish momentum would be invalidated, and we could see a deeper plunge. This would be a clear bearish signal, and prices might dip even further.
Stay focused, Paradisers—this market rewards patience and strategy. Let's trade like champions.
MyCryptoParadise
iFeel the success🌴
SOLANA Bull Flag (UPDATE)The solana token move-UP has begun , I published a previous idea where I spotted the bull flag earlier, while building up.
Previous idea here below, if you missed it.
A near resistance level has just been broken to confirm that CRYPTOCAP:SOL is ready to push up on a parabolic run, despite bitcoin dumping. I am holding from GP price level. My hopeful target is $300 - $500 .
CRYPTOCAP:SOL is expected to go back to previous high price. More update to follow as we go along
Merry Christmas TRADENATION:SOLANA 🎄🎅
Comment if you agree. Like if you disagree
Sol Extremely Bullish FractalHi
Please click like
So this is as fractal from previous bull run in 2021, and used the same fibonacci targets for this bull run.
The chart here is SOLBTC, so if peak on this chart is 0.01BTC and BTC today is 100K =
SOL 1k.
If BTC peak is 200K -> Sol is 2K... etc.
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This is a dreamy target, but it is in my opinion important to have some extreme targets.
I have been in crypto for 7 years, and havent we all seen extreme things happen ?
Perhaps this could be possible with SOL "eth killing" and taking the coin nr 2 place ?
Watch below some other SOL vs ETH ideas. It looks.. possible..
Or ? What do you think ?
Is now the time to long Solana?Solana (SOL) has been the most oversold top altcoin, but its over 30% pullback could be a great buying opportunity per some pundits.
Since its November peak, SOL has declined from $264 to a low of $175. But the pullback has hit a key confluence area which, if held, could validate Marty’s thesis.
Throughout 2024, SOL’s dumps reversed at the 100-day EMA (Exponential Moving Average, blue). This pattern has repeated in June, July, and October.
As of this writing, the recent pullback stabilized at the moving average ($175). Interestingly, the level also coincided with the golden level (61.8%) of the Fibonacci retracement tool, as measured from September’s lows.
In most cases, price trend reversals happen at the golden ratio level. So, if the pattern repeats, SOL could bottom out at $175 with a potential deviation of $160.
That said, the overall market sentiment was still negative on SOL, which could be ideal for long-term investors eyeing discounted SOL.