Solusdt
SOLANA TO DUMP?Just a quick & simple update for SOL. I have a few of my entry criteria being met for a trend change short opportunity on Solana. On the daily time frame you can clearly see the crossover of the SMA's (1)
The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me the trend is changing, coupled with continuous LH's & LL's.
I would look to target the $180 price for a target which also lines up with the %61.8 target projected by the Fib. Lets see how it plays out around the current level, if BTC continues to consolidate and looks bearish and all the resistance levels continue to reject on SOL then i'll look for entry on this providing there is confluence on entry criteria.
Potential 30% to be made, all eyes on XRP, SOL & BTC for the moment. Don't forget how BTC pans out will have a lot to do with all the Alts, so if BTC pumps it'll void this trade idea as SOL is highly correlated.
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving.
Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298.
However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165.
When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
SOLANA Swings - $240 on the moveAs mentioned on my previous charts, saw a head and shoulder which usually crypto's defy and fall thats a usual.
Buys at 211 to 209 range, cmp buys can be done who have fomo like a bad fomo lol,
aiming till 239 to 241 on the swings.
Sudden flush is expected on all areas close beyond 204 the dynamics change
SOL / USDT :approaching trendline resistance, expecting breakoutSOL/USDT is nearing a critical trendline resistance level. The price has been consolidating recently, setting the stage for a potential breakout. If the price successfully breaks above this resistance, it could trigger a significant bullish move.
Key Points:
* Trendline Resistance: SOL/USDT is approaching a key resistance level that has previously halted upward momentum.
* Volume Surge: A significant increase in trading volume during the breakout would confirm strong buying interest.
* Momentum Indicators: Positive trends in momentum indicators like RSI and MACD suggest bullish potential.
Confirming the Breakout:
* Clear Candle Close: A decisive 4-hour or daily candle close above the trendline is crucial.
* Volume Spike: A surge in trading volume during the breakout indicates strong buying pressure.
* Retest of Resistance: A retest of the broken resistance level as support strengthens the bullish case.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Adjust position size to align with your risk tolerance and overall trading strategy.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
SOL 6H. Solana Heading to $400 in the Medium Term. 12/12/24The asset price is currently stabilizing within the $222-$204 range, which could serve as a critical support zone. Support is the level where the price tends to bounce back as buyers step in aggressively, holding the price at this level.
In the short term, I’m considering a buy position targeting $260, which marks the upper boundary of the current range. For me, this is strictly a near-term goal. In the medium term, I anticipate Solana trading between $300 and $400.
To put it clearly and concisely: I expect further growth for #SOL and do not foresee the price dropping below $204.
DYOR.
#SOL reached support zone 📊#SOL reached support zone ✔️
⚡️The entry point of spot trading has been triggered, so the previous reduced position is automatically bought back.
🧠From the perspective of wave theory, the bearish wolf wave here may have ended, and a rebound can be expected.
➡️For futures trading, we do not have much cost advantage, so I will let everyone choose to wait and see. It is not certain whether it will stabilize here. If it continues to break down, it is possible to touch our defense point, and we will turn profit into loss, which is not worth the loss.
👀I need to further observe whether it can stabilize here, and we will participate in long transactions after specific signals appear.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:SOLUSDT
SOLUSDT Buy Zones HighlightedWith the possibility that the cryptocurrency market may not recover by year-end, I’ve lowered my buy positions significantly to reflect a more cautious approach in the current environment.
For SOLUSDT, the blue boxes on the chart mark key support zones where I plan to join as a buyer. These levels are strategically selected for their potential to act as strong support, offering a favorable entry with reduced risk.
Key Levels:
Buy Zones: Blue boxes on the chart
Risk Management: Stop loss placed just below the lower boundary of the final blue box
Target: Monitoring for a bounce and strength confirmation before setting upside targets
Patience and sound risk management are critical in these uncertain market conditions.
Disclaimer: This is not financial advice.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Solana touched $204 and will now target $375Traders,
In my previous post on Solana I explained the significance of that blue trendline. When Solana was at $260, I observed that while BTC consolidates with sideways price action, Solana could drop to $204 (pink horizontal support). It did that. In fact, we hit that price several times and so far that support has held. I have now taken a long position and will be targeting $375. on SOL. Here's my quick thesis.
First of all, you will notice that inverse head and shoulders pattern. While it hasn't completed yet, nor confirmed, I highly suspect the pattern will play out. There are several reasons why this could be the case.
Number one. The rotation of alts is different this year. In case you haven't observed this yet, it goes something like this: Bitcoin pumps either slightly before or sometimes simultaneously with Solana and Solana based meme coins. Often, Solana based memecoins, especially AI genned mcs, are even ahead of Solana and Bitcoin. I have started to observe this recently while looking at my Solana mc list. Many of the Sol AI genned mcs were up yesterday and today. Now, maybe I got lucky and just picked all the right coins to add to my list, but I don't think so. One of my mcs was up almost 900% today at it's peak. That was DEVIN. I am so stoked 'cuz I hold a huge bag in that one. Anyways, I think this is giving me my first hint that the pump rotation is just about to begin again before Christmas. It often starts with SOL based AI mcs first, then other mcs like the OG cats, dogs, and frogs, etc. Then we hit the dex's like Jupiter, Ray, GUAC, Orca, etc. Then you'll see SOL start (maybe in conjunction with BTC). Next you'll start to see other chain based mcs pump along with AI coins like FET, TNSR, AIOZ, NEAR, etc. Last but not least, you'll see the OG Boomer ALTS pump to finish it up. My suspicion is that we get one more round of something like this before Christmas. I could be wrong but so far, my record speaks for itself here so be prepared for this.
✌️ Stew.
Good prices to buy Solanahello friends
This currency experienced a strange pump and then the price stayed in the channel for about 230 days.
Then, with the strength of your channel, you were able to show yourself
Now it is pulling back to the top of the channel and the price is right to enter.
There are three purchase steps that seem attractive and we have specified them for you.
Don't forget capital management, friends.
Be successful and profitable.
SOLUSDT Trade LogSOLUSDT Short Setup (4H)
Trade Logic:
- Entry: Short within the 4-hour Fair Value Gap (FVG) following a strong sell signal.
Confluence Factors:
- Overextension: Price shows significant overextension above key resistance levels, increasing the probability of a reversal.
- Market Structure Shift (MSS): Clear break of bullish structure, signaling a potential trend reversal.
- Long Squeeze: Evidence of trapped long positions, adding downward pressure as they exit.
- Declining CVD (Cumulative Volume Delta): Weak buyer momentum during the recent price rally, supporting bearish bias.
- Risk-Reward: Minimum 1:2 RRR with stop-loss above the FVG and a maximum risk of 1% of account balance.
- Target: TP1 at the next structural demand zone; TP2 near key psychological support (e.g., $50).
Macro Context:
- Market Sentiment: Broader crypto market shows risk-off behavior as BTC retraces, aligning with bearish SOLUSDT bias.
- Funding Rates: Positive funding rates indicate aggressive long positioning, increasing short squeeze potential.
- On-Chain Metrics: Declining SOL staking activity and increased token flow to exchanges suggest reduced demand and potential sell pressure.
Keep stops tight and reassess if SOL breaks back above the 4H FVG, invalidating the setup.
SOL Swing Trade: From $175 Support to $800 TargetIn this video, we revisit Solana's (SOL) price action, highlighting the progression toward our entry target of $100 as discussed in March. Now facing resistance at the previous all-time high (ATH), a pullback appears both healthy and likely. We'll analyze the potential for support levels to hold, with $175 being a key structural level. From there, Solana could chart a path to our profit targets: $500 for a 2x return and $800 for a 5x return. Join me as we explore strategic entry points, key levels, and market conditions driving SOL's performance, and discuss how to capitalize on this exciting opportunity for swing traders.
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$SOL - AnalysisCRYPTOCAP:SOL 4H
1. Harmonic Pattern:
- A potential harmonic pattern is observed, consisting of points X, A, B, C, and D.
- Point D is located at the 0.952 Fibonacci level, indicating the completion of the pattern, and there is an expectation of correction or reversal.
2. Order Block:
- An "Order Block" area is identified near the price peak (range of 156 to 160). This area could act as a strong resistance, with a likelihood of price reversal from this level.
3. Ascending Trendline:
- The price has reacted to an ascending trendline multiple times. This line can serve as strong support, and if broken, it could lead to further price declines.
4. Retest Area or Rise from Here?:
- Two potential scenarios are illustrated in the analysis:
- Bullish Scenario: After reaching the trendline, the price could pull back and move upward.
- Bearish Scenario: If the trendline support is lost, the price may decrease further and move toward lower areas (around 140).
5. Strong High Area:
- This area is marked as a very strong resistance above the price, which, if broken, could lead to significant upward movement, potentially reaching the range of 164 and above.
Solana (SOL/USD): Eyeing a Return to All-Time HighsSolana is in a critical phase, attempting to reclaim its all-time high (ATH) of $260 as it builds bullish momentum. With Bitcoin (BTC) stabilizing in the $92,000–$103,000 range, the broader crypto market is ripe for a rally, providing the perfect environment for SOL to break its ATH and target a new high of $400 by March 2025.
Key Factors for SOL’s Rally:
Bullish Momentum Curve:
December will be pivotal as Solana needs to form a steady, upward momentum curve. This means a series of higher highs and higher lows, with minimal volatility to maintain investor confidence.
Critical Support Levels:
$200: Key psychological and technical support. Staying above this level will signal strength and resilience.
$180 (Worst Case): If SOL drops to this level, it must find strong buying support to avoid breaking the bullish structure.
Resistance at $260:
The $260 ATH will be a critical barrier. A successful breakout here will not only confirm the bullish trend but could ignite a wave of buying that propels SOL toward its next target of $400.
Positive Scenario:
If SOL/USD continues to defend the $200–$180 range and Bitcoin remains stable, Solana can gain the momentum needed to break $260 by early 2025.
Once this level is breached, SOL could rally quickly, entering price discovery mode and targeting $400 by March 2025.
Risks and Challenges:
A failure to maintain support above $180 could lead to increased selling pressure, disrupting the bullish outlook.
Broader market volatility or BTC dropping below $92,000 might also hinder SOL’s progress.
Outlook for SOL Holders:
This December is crucial for Solana as it battles to establish a solid base and regain momentum. Holding above $200 while building a steady bullish curve will set the stage for SOL to not only reclaim its ATH of $260 but also push toward a new milestone of $400 by March 2025, marking a significant achievement for the ecosystem and its investors.