SOLUSDT | Marketoutlook Summary:
• SOL/USD Movement:
• Trading within a medium-term descending channel .
• Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs).
• Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ).
• Technical Indicators:
• Bollinger Bands: Horizontal, signaling consolidation.
• Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal.
• MACD: Increasing in the positive zone.
• Trend Outlook:
• With the long-term downtrend intact, further decline in the near future appears more likely.
Solusdt
#SOL/USDT#SOL
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of
205.
Entry price 218.00.
First target 224.81.
Second target 232.27.
Third target 240.50.
SOLANA can ascend further!As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is $180 , and if the breakout is confirmed, we can say that the price will easily grow $180 equal to CD.
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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!!
Solana (SOLUSDT): 320% Profit SecuredSOLANA LONG Trade Setup
The 4-hour chart of Solana showcases a near-flawless long trade setup with incredible execution using the Risological Swing Trading indicator .
Targets 1 through 3 have been hit successfully, and the price is hovering just below TP4.
A stunning 320% profit at 10x leverage has already been realized for traders who capitalized on this move.
Key Trade Details:
Entry Price: $175.69
Stop Loss: $165.36 (well-protected downside)
Profit Targets:
TP1: $188.47 ✅
TP2: $209.14 ✅
TP3: $229.81 ✅
TP4: $242.59 (likely to hit soon)
Insights:
Bullish Momentum: Solana has been riding a robust uptrend, with consistent higher highs and higher lows, aligning perfectly with technical indicators.
Precision Entry: The setup was signaled by the Risological Swing Trader, offering a high-probability trade with defined targets and minimal risk.
Leverage Amplification: With 10x leverage, traders achieved an astounding 320% ROI, exemplifying the power of leveraged trades in strong market conditions.
What's Next?
With TP4 just a heartbeat away, Solana's momentum suggests further potential upside. Keep trailing stops tight to lock in profits and let the market dynamics play out.
Bravo to all who rode this wave! 🌊🚀
The Banana Zone Series - Solana (SOL)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone.
We continue the series with Solana (SOL).
As you can see in my analysis, pull backs to $208 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season.
For more aggressive traders, $210 and below can be the trigger longs with tight stops.
Note that this is a weekly chart so the price action will take place over the 6 to 9 months.
Not a financial advice so DYOR.
Solana, the best and the worse casesToward November 2023 #Solana exploded from ~$20 all the way to ~$210 in March 2024
Using simple Fib #retracement we should have come back to about $115 ... and we did, on August 2024
So we are now in a bullish descending triangle.
Best case :
Green line, we keep going up over the next 2 or 3 weeks and break out past $170 in the middle of next month.
There is a strong area of #resistance around $165 so breaking past that would be quite #bullish.
Likely case :
Blue line, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down to the support around $130 and we then go back up to eventually breakout sometimes next year.
Worse case :
Red line, again, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down ... but we break past $130 and we go back down to $120, (0.5 fib retracement).
Plan
Enter: Now
SL: $129
Target: anything past $500 (remember this is weekly chart, not 5 minutes)
Look out for trend reversal around $162 ... and close your trade if we break trend as it would be the likely case.
Note that FTX will be refunding some/all of the holders toward the beginning of October, but they will be refunded in US Dollar, so they are very likely to use their money to buy back Crypto, (they were traders afterall and they are well aware of the upcoming bull market).
Solana’s uptrend strengthens, but investors’ moves raise doubtsSolana (SOL) price has seen a remarkable 40% surge in recent weeks, climbing to $210. Despite this bullish uptrend, SOL is encountering challenges at the $221 resistance level, which could signal a potential reversal.
Investor activity on the Solana network suggests the momentum might face hurdles in sustaining further gains.
Transaction activity on the Solana network has increased significantly during the recent price rally. The network recently hit a yearly high in transaction count, highlighting growing interest among participants. However, this increase falls short of expectations, given the current hype surrounding Solana ETFs and broader market bullishness.
This moderate network activity raises concerns about the sustainability of the rally. If Solana fails to attract more significant user engagement, its price momentum might falter, especially as broader market cues begin to stabilize.
Solana’s macro momentum remains strong, supported by technical indicators. The Average Directional Index (ADX) is at 32, well above the 25.0 threshold, confirming a strong uptrend.
Solana is currently trading at $210, holding steady above its support level of $201. Despite the recent rally, the “Ethereum killer” is struggling to break past the $221 resistance level, which remains a significant barrier to reaching $245.
The mixed sentiment indicates that SOL may consolidate between $201 and $221 until a clearer directional trend emerges. This range-bound movement could dominate the short-term outlook unless broader market conditions shift dramatically.
However, if investors opt for profit-taking, Solana could see a decline below the $201 support level. Such a drawdown would invalidate the current bullish-neutral outlook, potentially sending SOL to $186, marking a significant setback for the altcoin’s rally.
Solana (SOL) - Crucial Key LevelsExpect a short term pullpack for Solana due to Bitcoin dominance in the market. SOl will hold major support around: $174. In addition, the price action will range between= $189 - $203 will likely see a consildation.
However, if a weekly candle closes above: $215 by Monday 12AM; Solana could create momentum to push a correction to the upside. Allow the price to head for a target of "$247" EST.
Long term Solana still remains bullish and positive, SOL has also had a daily candle close above a major previous Resistance level dating back since 2021 bull run cycle.
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Solana (SOL) - Bullish Breakout!!!Solana has created a bullish flag pattern on the chart. This bullish flag pattern indicates that a breakout is imminent. My analysis identifies a key price target of the first at $308.
The chart shown indicates a bullish flag pattern, which is a technical signal suggesting that an uptrend will continue after a period of consolidation. The flagpole represents a prior rapid price increase, while in the meantime a slight pullback is expected leading us in the horizontal consolidation phase.
During this phase a brief pause with multiple attempts to break the ATH major resistance before the next upward movement creating a new All-Time High.
🟢Support= $174
🔴Major Key Resistance= $259
🌟Target= $308🎯
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Solana SOL - Game Is Almost OverHello, Skyrexians!
Today it's time for BINANCE:SOLUSDT - the best and the most hated asset in the crypto market in 2024. The reason of the huge rally, while other altcoins are dumping is the lack of holders. Anyway, every growth will be finished at any moment and now it looks like Solana is about to show us the final pump before the new bear market.
Let's take a look at the weekly time frame. Bull market has been started in 2023 with the wave 1. After that price formed flat correction in wave 2 and there impulsive wave 3 reached $200. You can see our new indicator Fractal Trend Detector showing when the massive wave 3 has been started. Green candles means the uptrend. When you see the green dynamic support zone under the price, it means that strong bull market is in progress. Wave 3 has been supported by this zone.
After that price showed corrective wave C which reached exactly 0.5 Fibonacci retracement, like Bitcoin did. Now the price is in wave 5. Candles are green and the green zone has been printed already under the last candle. It means that this uptrend is not local, this is the impulsive wave 5. This wave has the wide target zone between $243 and $330. Inside this zone we have to be careful and wait for the divergence with Awesome Oscillator and bearish reversal bar to not miss the reversal.
Best regards,
Skyrexio Team
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Is a SOL Solana Pullback and Buy Opportunity on the Horizon?👀👉 SOL has recently demonstrated strong bullish momentum, but could it be reaching an overextended zone? This chart highlights a potential pullback at a key support level, which may offer an ideal entry opportunity. I’m watching this area closely for a possible buy setup that meets the essential criteria covered in the video. In this analysis, we’ll explore key price action signals and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊
Is Solana the New Bitcoin? Exploring its Stellar Rise Is Solana the New Bitcoin? Exploring its Stellar Rise in the Post-Election Rally
Solana (SOL), a high-performance blockchain platform, has been making waves in the cryptocurrency market, surging past the $200 mark and outpacing even Bitcoin's recent gains. This significant price appreciation comes amidst a broader post-election market rally, fueled by optimism about the regulatory landscape and increasing institutional adoption.
The Solana Surge: A Closer Look
Solana's price has skyrocketed over the past week, gaining an impressive 36%. This rapid ascent has caught the attention of both retail and institutional investors, as the platform's unique features and growing ecosystem continue to attract interest.
Key Factors Driving Solana's Rally:
1. Post-Election Market Optimism: The recent U.S. elections have injected a sense of optimism into the cryptocurrency market. Investors are hopeful for a more favorable regulatory environment, which could lead to increased institutional adoption and mainstream acceptance of cryptocurrencies.
2. Anticipation of Spot Solana ETFs: The potential approval of spot Solana ETFs could significantly boost the demand for SOL tokens. As more institutional investors gain exposure to Solana through ETFs, the token's price could experience further upward pressure.
3. Strong Network Performance and Ecosystem Growth: Solana's high-performance blockchain and rapidly growing ecosystem of decentralized applications (dApps) have attracted developers and users alike. The platform's ability to handle a high volume of transactions at low cost has made it a popular choice for various use cases, from DeFi to NFTs.
4. Institutional Adoption: Several institutional investors have shown interest in Solana, recognizing its potential to disrupt traditional financial systems. As more institutions allocate capital to Solana-based projects, the demand for SOL tokens is likely to increase.
The Potential for Further Upside: A $600 Target
A recent survey conducted by MV Global suggests that Solana's price could reach $600 during the current bull cycle. This optimistic forecast is based on several factors, including:
• Strong Fundamentals: Solana's robust technology, scalability, and growing ecosystem provide a solid foundation for long-term growth.
• Institutional Interest: As more institutional investors discover the benefits of Solana, the demand for SOL tokens is expected to rise.
• Favorable Regulatory Environment: A supportive regulatory framework could unlock significant institutional capital and accelerate the adoption of cryptocurrencies, including Solana.
• Market Sentiment: Positive market sentiment, fueled by technological advancements and economic recovery, could further propel Solana's price upwards.
Conclusion
Solana's recent surge to over $200 is a testament to its growing popularity and strong fundamentals. The platform's high-performance blockchain, thriving ecosystem, and increasing institutional adoption have positioned it as a major player in the cryptocurrency market. As the industry continues to mature and regulatory clarity emerges, Solana has the potential to deliver significant returns to investors.
However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
Analysis of SOL/USDT frame 1 hourOn the 1 -hour frame chart of SOL/USDT, the price is moving stably in the price increase channel. Currently, this pair of money has reached an important support area (blue), with two EMA 34 lines (purple) and EMA 89 (orange) are maintaining below, supporting the uptrend.
If SOL is maintained on the support area, it is likely that the price will turn on and continue to increase, towards higher target landmarks in the channel, such as $ 220. This is the potential buying order when the price checks the trend of the channel.
In case the price breaks below this support area, SOL can check lower levels, especially around the EMA 89 in the $ 200 area. However, if the price increase channel is still maintained, the likelihood of turning up will be high.
Proposed trading strategy
Buy (Long): prioritize the purchase order when the price is on the support area and start the signal increasing.
Short -term sale: If the price breaks under the support area and cannot be kept in the channel, it is possible to consider the sale order with the goal near the EMA 89 area.
With the maintenance of EMA and canal structure, the prospect of price increase for SOL is still very positive.
SOLUSDT : Uptrend channel continues to operate SOLUSDT is currently trading within an ascending channel, as indicated by the price's movement along the parallel trendlines. The chart shows a potential for price retracement towards the channel's lower boundary near the $200.20 level, where a support zone is established. If this support holds, the price might experience a rebound back towards the upper trendline of the channel, targeting higher levels around $215 and above.
The moving averages also support the overall upward trend, with a potential bounce scenario that could confirm the continuation of the bullish structure within the channel.
Start of trading: When the candle is a bearish candle
(Title) Start of trading: When the candle on the 1D chart is a bearish candle
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(SOLUSDT 1M chart)
The point to watch is whether the ATH can be renewed.
-
(1W chart)
To do that, the key is whether the uptrend can be maintained above 202.45.
If it falls below 202.45, you need to check whether it can be supported around 147.74-168.41.
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(1D chart)
It has not yet updated the ATH, but it is located in a section where there is no support or resistance point to respond to.
Therefore, it is not easy to trade in this section.
Therefore, when the candle of the 1D chart is a downward candle, you have no choice but to check the support on the 1h chart and trade.
-
(1h chart)
The names of indicators that should be considered important on the time frame chart below the 1D chart are displayed.
When the candle of the 1D chart is a downward candle, you can trade depending on whether there is support near BW(100) and BW(0) on the 1h chart (you can use the chart you usually see and trade).
When trading spot, it is recommended to buy when the BW(100) and BW(0) indicators break upward, if possible.
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As the price rises, you start to feel anxious.
If you feel like you are the only one making little profit and you start to feel like you have to buy now, it means that the coin market is approaching its peak.
What do you think?
When the spot market is rising, the number of transactions decreases.
Otherwise, if the number of transactions is increasing, I think it is likely that you are in a state of FOMO.
Therefore, you need to make an effort to find peace again.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
It is expected to touch 81K-95K in the next bull market.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Orca is Set to Flip Ray!COINBASE:ORCAUSD 🐋 BINANCE:SOLUSDT KRAKEN:RAYUSD COINBASE:SOLUSD BITSTAMP:BTCUSD
Orca is on track to surpass Raydium (RAY) as the top DEX in the Solana ecosystem! With an incredibly user-friendly interface, rapidly growing trading volume, and a limited token supply, Orca is attracting more users and major investors daily. Orca not only delivers speed and efficiency but also provides incentives that make it the favored choice among DeFi traders, setting the stage to flip Ray very soon!
Why Orca Will Flip Ray:
Superior Interface and User Experience: Orca makes DeFi accessible to everyone, whereas Raydium remains more technical and less user-friendly.
Growing Volume and Liquidity: Orca’s volume is rising fast, a clear sign that the market is shifting in its favor.
Attractive Tokenomics: With only 55 million tokens, Orca’s scarcity offers greater potential for value growth than Raydium.
Incentives and a Community Focused on Growth: Orca invests in its community with incentives that boost engagement and sustainable growth.
Orca is solidifying itself as the premier DeFi opportunity on Solana, and the anticipated flip of Ray is only a matter of time.
Get ready to see this DEX revolutionize the ecosystem!
SOLUSDT (M) - CUP & HANDLE BREAKOUT, PREDICTION 400+SOLUSDT: Cup & Handle Pattern Testing Crucial Breakout Zone (193 - 208)
SOLUSDT is currently testing a crucial breakout zone between 193 and 208. A confirmed breakout above this range could signal the resumption of a strong bullish trend, with an initial target of 315 - 350, followed by 400 - 437 in the medium to long term (2025 - 2026).
Immediate Support:
The immediate support level is at 169 on the monthly timeframe.
Solana (SOL) hits $220, and trend is going way higher. The SOL price has entered the last phase of the bull run that may accomplish after completing the parabolic recovery. The rebound from the 2023 lows was the breaking point for the rally that constantly formed bull flags and later surged towards the next resistance. Currently, the price has broken above a major bull flag after multiple bullish attempts. Hence, the token is expected to keep up the trend and rise above the crucial resistance zone between $251 and $257.
The technicals have turned in favour of the crypto with the RSI close to enter the overbought zone while the DMI continuing with the bullish trend. Hence a rise over $250 appears imminent that may assist the Solana (SOL) price rally to mark a new ATH at around $275 to $280 this month.
Is Solana the Next Big Contender in the Cryptocurrency Market?
Solana (SOL), the high-performance blockchain platform, has surged to a 7-month high, surpassing the $200 mark. This significant price surge has ignited excitement within the cryptocurrency community, with analysts predicting a potential massive upsurge in the coming months.
Key Factors Driving Solana's Rally
Several factors have contributed to Solana's recent price surge:
1. Network Upgrades and Scalability: Solana has consistently focused on enhancing its network's scalability and performance. Recent upgrades have significantly improved transaction speeds and reduced fees, making it a more attractive platform for developers and users.
2. Growing DeFi Ecosystem: The Solana ecosystem has witnessed substantial growth in decentralized finance (DeFi) applications. With a growing number of DeFi protocols and projects building on Solana, the demand for SOL tokens has increased.
3. NFT Market Boom: Solana has emerged as a popular platform for non-fungible tokens (NFTs). The increasing popularity of NFT marketplaces and collections on Solana has driven demand for SOL tokens.
4. Institutional Adoption: Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. Increased institutional interest has led to significant capital inflows into the Solana ecosystem.
Analysts' Predictions and Future Outlook
Cryptocurrency analysts are bullish on Solana's future, citing several factors that could drive further price appreciation:
• Continued Network Development: Solana's ongoing commitment to network upgrades and scalability improvements will attract more developers and users.
• Expanding DeFi Ecosystem: As the DeFi ecosystem on Solana continues to grow, the demand for SOL tokens will increase.
• NFT Market Growth: The NFT market on Solana is still in its early stages, and further growth in this sector could significantly boost SOL's price.
• Institutional Investment: Increased institutional adoption of Solana will provide a strong foundation for long-term price growth.
Technical Analysis
From a technical perspective, Solana's recent price surge has broken through key resistance levels. If the current bullish momentum continues, the price could potentially reach new all-time highs. However, it's essential to consider potential risks, such as market volatility and regulatory uncertainty.
Cautious Optimism
While Solana's recent price surge is undoubtedly exciting, it's crucial to approach the market with a cautious optimism. Cryptocurrencies are highly volatile assets, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their risk tolerance before investing in Solana or any other cryptocurrency.
Conclusion
Solana's recent price surge and positive market sentiment indicate a strong bullish outlook for the platform. However, it's essential to remain vigilant and monitor market developments closely. As Solana continues to evolve and innovate, it has the potential to become a major player in the blockchain industry.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.