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Solusdtlong

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.
by Sanhara
1
Orca DEX: The Next Big Opportunity in the Solana EcosystemCOINBASE:ORCAUSD BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:SOLUSDT COINBASE:ETHUSD Orca is gaining impressive momentum, fueled by the rapid expansion of the Solana ecosystem! 🌐 As one of the most promising decentralized exchanges, Orca boasts incredible trading volume compared to its market cap, capturing the attention of investors worldwide. With a limited token supply and a growing community, Orca might be on the verge of breaking barriers and reaching new highs! 📈 📊 Technical Signals: High entry volume, indicating strong market interest Potential for growth on an upward trajectory, especially with the expansion of the Solana ecosystem Limited token supply supporting rapid value appreciation 🚀 ⚠️ Why Orca? Orca isn’t just another DEX; it’s a platform that combines speed and usability in DeFi, aiming to become a cornerstone of the Solana network. Now’s the time to watch closely and consider positioning yourself while the token remains accessible! 💥 $100 Target in Sight? With growing volume and adoption, we could see Orca hitting the $100 milestone soon. Don’t miss the chance to follow one of the market’s most promising tokens. #Orca #SolanaEcosystem #DeFi #ToTheMoon #Orca100
COINBASE:ORCAUSDLong
by SophiaAnderson
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. 
Long
by paul_endeo
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.
COINBASE:SOLUSDLong
by bryandowningqln
1
The Banana Zone Series - SOL Buy the Dip Levels (1 of 10)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 start the series with Solana ( CRYPTOCAP:SOL ). As you can see in my analysis, pull backs to $202 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. Not a financial advice so DYOR.
by CryptoBreakers
SOLANA (SOL) Soars: Targets in Sight on 1-Hour Timeframe!SOLANA (SOL) Technical Analysis Summary: Solana has gained solid upward momentum on the 1-hour chart, with TP1 (178.59) already achieved and remaining targets within reach. The entry at 169.59 appears well-positioned as Solana rides high on increased user interest, now exceeding 123 million users, bolstered by the recent memecoin trend. The Risological Dotted Trendline shows strong support, indicating this upward trajectory has the potential to push further toward the following target levels: TP2: 193.16 TP3: 207.73 TP4: 216.73 Market Insight: With Solana's ecosystem expanding rapidly and user numbers skyrocketing, this rally demonstrates sustained interest and momentum, especially in the face of memecoin-driven volume increases. As excitement builds, watch for Solana to potentially achieve higher highs, breaking past each target level. Keep an eye on trendline support and overall market sentiment for cues on sustaining this rally.
Long
by ProfitsNinja
SolUsd Weekly Double Top about to break above much higher SolUsd is not giving much away at the moment in terms of short term profits. It's price has been moving in this massive double-top pattern that extends to the weekly charts at least. But price on the intraday is moving away and to the right of this double-top & price will be free to drift sharply upwards. But I see its price capped short term until the last part of Solana is finished on this weekly double-top system. In other words, you can't make a break-away with a 'head' and no body for example 'arms and legs', if you get my analogy. Regardless, it seems a squeeze on Solana's price in the interim for a short while, will serve to give it a massive momentum shot when it makes a complete move from D.Top.
EIGHTCAP:SOLUSDLong
by Easy_Explosive_Trading
SOLUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Everything according plan Entry: (first buy ~120, and still have limit order at 95) Targets: 190 - 250 - 330 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. DYOR!
Long
by trytofeelpositive
1
Debunking Myths: Understanding the True Potential of the Solana Solana (SOL), the high-performance blockchain platform, has recently made significant strides, breaking through the $200 barrier and surging nearly 9%. This remarkable surge has not only captivated the crypto community but has also ignited renewed interest in the Solana ecosystem and its native tokens. As Bitcoin approaches a new all-time high, the future of SOL-based tokens appears promising. The Solana Surge: A Closer Look Solana's recent price surge can be attributed to several factors: • Enhanced Network Performance: Solana has consistently improved its network performance, addressing scalability issues that have plagued other blockchains. This has led to increased adoption and usage, particularly in the decentralized finance (DeFi) and non-fungible token (NFT) sectors. • Growing DeFi Ecosystem: Solana's DeFi ecosystem has experienced exponential growth, with a diverse range of protocols and applications emerging. This expanding ecosystem has attracted a significant number of users and developers, contributing to the increased demand for SOL tokens. • Positive Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by Bitcoin's potential to reach a new all-time high, has also benefited Solana. As investors seek alternative investment opportunities, Solana's strong fundamentals and growth potential have made it an attractive choice. The Future of SOL-Based Tokens The surge in Solana's price has had a positive impact on the performance of various SOL-based tokens. These tokens, which represent a diverse range of projects and applications built on the Solana blockchain, have seen increased adoption and value appreciation. Key SOL-Based Tokens to Watch: • Serum (SRM): A decentralized exchange (DEX) built on Solana, Serum has gained significant traction due to its fast transaction speeds and low fees. As the DeFi ecosystem on Solana continues to expand, Serum is well-positioned to benefit from increased trading volume and user adoption. • Raydium (RAY): Another popular DEX on Solana, Raydium offers liquidity pools, automated market makers, and yield farming opportunities. As the demand for decentralized trading platforms grows, Raydium's innovative features and strong community support could drive its token price higher. • STEPN (GMT): A move-to-earn fitness app built on Solana, STEPN has gained immense popularity, particularly in Asia. As users earn rewards for physical activity, the demand for GMT tokens, which are essential for in-app purchases and upgrades, is likely to increase. • Orca (ORCA): A decentralized exchange and liquidity aggregator on Solana, Orca provides users with access to a wide range of trading pairs and liquidity pools. As the Solana ecosystem matures, Orca's role as a key player in the DeFi space could drive the demand for ORCA tokens. • Potential Challenges and Risks While the future of Solana and its ecosystem appears promising, it is essential to acknowledge potential challenges and risks: • Network Congestion: As the number of users and transactions on the Solana network increases, there is a risk of network congestion, which could lead to slower transaction times and higher fees. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SOL and SOL-based tokens. • Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations. Conclusion Solana's recent price surge and the growing popularity of SOL-based tokens are indicative of the increasing adoption and potential of the Solana ecosystem. As the blockchain industry continues to evolve, Solana's strong fundamentals, innovative projects, and supportive community position it as a leading player in the space. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
Long
by bryandowningqln
Solana: Second Wave Has Started – $300 Incoming!New bi-weekly signal confirmed – Targeting $300 as the first TP. Monthly will confirm if it hits $219 this month. If you’re not taking advantage of this with NASDAQ:RAY , $MEW, $POPCAT, I don’t know what you’re buying in crypto. The trades are crystal clear! This trend is expected to expire by July 2025. Not saying it will pump nonstop until then, but just keeping it for reference. One more thing to note: the SOLETH chart is still bullish, but we may see a cool-down by Jan/Feb. There’s a chance Ethereum could start taking the spotlight in Q1. Nothing set in stone until I see the price action by then. It could just be a consolidation phase that takes weeks to form before any further continuation, and CRYPTOCAP:ETH continues doing what it has been doing—absolutely nothing.
Long
by ZelfTrade
Can Solana Maintain Its Surging Momentum as US Election Sparks E Solana (SOL), the high-performance blockchain, has surged 17% in the past 24 hours, overtaking BNB Chain in market capitalization. This significant price jump comes as the potential for a more crypto-friendly US administration under a new presidency has ignited hopes for the approval of Bitcoin and Ethereum ETFs in the US. The ETF Effect The approval of crypto ETFs, particularly those tracking Bitcoin and Ethereum, is seen as a major catalyst for the broader cryptocurrency market. By providing a regulated and accessible investment vehicle for traditional investors, ETFs can significantly increase the flow of capital into the crypto space. Solana, as a leading blockchain platform, could indirectly benefit from the increased adoption of cryptocurrencies. A surge in demand for Bitcoin and Ethereum could lead to increased network congestion and higher transaction fees on these chains. As a result, investors may seek alternative, more scalable solutions, such as Solana. Solana's Unique Value Proposition Solana's high-performance blockchain and its ability to process a large number of transactions per second have made it a popular choice for decentralized applications (dApps) and smart contracts. The platform's unique Proof-of-History consensus mechanism ensures fast and efficient transaction processing. Furthermore, Solana's strong developer community and ecosystem have contributed to its growth. A growing number of dApps and projects are being built on the Solana network, attracting new users and investors. Market Sentiment and Technical Analysis The recent price surge in Solana can be attributed to a combination of factors, including: • Improved Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by the potential for a more crypto-friendly US administration, has benefited Solana. • Technical Analysis: A bullish crossover of the 50-day and 200-day moving averages has further strengthened the bullish outlook for SOL. • Increased Institutional Interest: As institutional investors increasingly explore the crypto market, Solana's strong fundamentals and potential for growth have made it an attractive investment option. Potential Challenges and Risks While Solana's future looks promising, it's important to acknowledge the challenges and risks associated with investing in cryptocurrencies. Regulatory uncertainty, market volatility, and the potential for hacking attacks are some of the factors that could impact Solana's price. Conclusion Solana's recent surge highlights the potential impact of a more crypto-friendly US administration on the broader cryptocurrency market. As the regulatory landscape evolves and institutional adoption continues to grow, Solana's unique value proposition and strong developer community position it well for future growth. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
CRYPTOCAP:SOLLong
by bryandowningqln
1
Is Solana the Next Big Crypto to Watch Out For? Solana's Resurgence: A Potential Bounce Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike. A Strong Foundation at $157 The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community. Technical Analysis: Signs of a Bullish Reversal A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal: • Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend. • Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase. • Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market. The Impact of Macroeconomic Factors The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies. However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies. The Future of Solana Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including: • Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users. • Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens. • Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth. • Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement. In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
COINBASE:SOLUSDLong
by bryandowningqln
1
Solayer Labs Launches $sUSD: A Game-Changer for DeFi on SolanaSolayer Labs has announced the launch of LSE:SUSD , a yield-bearing, real-world asset-backed synthetic stablecoin on the Solana blockchain. This innovative protocol marks a significant milestone in the DeFi space, particularly for Solana, which has recently shown bullish momentum. Unveiling the LSE:SUSD Protocol The LSE:SUSD protocol, co-designed with OpenEden, allows users to earn yields on CRYPTOCAP:USDC deposits, thereby democratizing access to stable, low-risk financial assets. The unique feature of LSE:SUSD is its self-rebasing mechanism, which reflects interest earned directly in users' balances without requiring staking. This design ensures that users see their balance grow automatically, with current yields estimated at an attractive 4.33% annually, based on US Treasury yields. The launch of LSE:SUSD is particularly noteworthy as it was introduced following Solayer Labs’ achievement of surpassing **$200 million** in total value locked (TVL) in Q3. This indicates robust user interest and a solid foundation for future growth. Technical Aspects of LSE:SUSD From a technical standpoint, LSE:SUSD is built on Solana’s Token-2022 standard with an extension for interest-bearing tokens. Unlike traditional stablecoins, users are not required to stake their assets to earn yields, which significantly simplifies the user experience. The yield is automatically reflected in the users’ balances, making it more accessible to a broader audience. The protocol operates as a non-custodial Request-For-Quote (RFQ) marketplace, allowing only owners to create or destroy $sUSD. This system facilitates seamless transactions across various qualified real-world asset (RWA) tokenizers, providing a secure and efficient minting process. Technical Outlook for SOL As of the latest trading data, CRYPTOCAP:SOL is up 2.8%, with a bullish RSI of 68, indicating it is approaching overbought territory. Nevertheless, the pivot point is set at $200, presenting an opportunity for strategic buyers. Notably, Solana has recently surpassed Ethereum in trading fees, showcasing its growing dominance and potential as a leading blockchain for DeFi applications. A Bright Future for DeFi on Solana The launch of LSE:SUSD is not just another stablecoin; it represents a significant shift towards integrating real-world assets into the DeFi ecosystem. By offering users a chance to earn yields on CRYPTOCAP:USDC deposits while also providing a low-risk financial asset, Solayer Labs is paving the way for broader adoption of DeFi solutions. Additionally, the launch includes various incentive programs, such as a 10x yield boost on the first $10,000 deposits during the initial minting phase, starting October 30th. This strategy aims to attract early adopters and boost liquidity in the LSE:SUSD market. Conclusion The introduction of LSE:SUSD by Solayer Labs is a testament to the growing synergy between DeFi and traditional finance. As the DeFi landscape continues to evolve, LSE:SUSD stands out as a compelling option for users looking to explore yield-bearing assets in a secure and user-friendly manner. With the expectation of further developments and potential airdrops, Solayer Labs is well-positioned to lead the charge in DeFi innovation on Solana.
COINBASE:SOLUSDLong
by DEXWireNews
Solana vs. Ethereum: The Battle for Blockchain SupremacyThe cryptocurrency market is dynamic, constantly evolving with new technologies and innovative projects. Solana (SOL) and Ethereum (ETH) are two of the most prominent players in this space. Both platforms have made significant strides in recent years, attracting developers and investors alike. However, as the cryptocurrency market continues to mature, the question arises: Will Solana be able to challenge Ethereum's dominance, or will ETH maintain its position as the leading blockchain platform? Solana's Rise to Prominence Solana, a high-performance blockchain platform, has gained significant traction due to its ability to process many transactions per second at a low cost. This scalability advantage has made it attractive to developers seeking to build decentralized applications (dApps) that require fast and efficient transaction processing. Solana's unique Proof-of-History (PoH) consensus mechanism, combined with its parallel processing capabilities, enables it to achieve impressive transaction speeds. One of the key factors driving Solana's popularity is its vibrant ecosystem. A growing number of dApps, including decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and DeFi protocols, are being built on the Solana platform. This expanding ecosystem has led to increased demand for the SOL token, which is used to pay transaction fees and secure the network. Ethereum's Enduring Dominance Despite the emergence of strong competitors like Solana, Ethereum remains the undisputed leader in the blockchain space. Its long-standing history, extensive developer community, and robust security infrastructure have solidified its position as the go-to platform for many dApps. Ethereum's transition to a proof-of-stake (PoS) consensus mechanism, known as The Merge, has further enhanced its scalability and energy efficiency. Moreover, Ethereum's dominance in the DeFi and NFT markets is undeniable. A vast array of DeFi protocols, including lending platforms, decentralized exchanges, and yield farming platforms, are built on Ethereum. The platform's popularity in the NFT space is evident from the success of projects like CryptoPunks and Bored Ape Yacht Club. The Battle for Market Share As the cryptocurrency market enters a period of increased volatility and potential altcoin season, the competition between Solana and Ethereum is likely to intensify. Solana's scalability advantages and growing ecosystem could attract more developers and investors, leading to increased demand for the SOL token. However, Ethereum's established position, strong developer community, and ongoing technological advancements may enable it to maintain its dominance. The outcome of this battle will depend on several factors, including: • Network Performance: Both platforms will need to continue to improve their network performance and scalability to meet the growing demand for decentralized applications. • Developer Adoption: Attracting and retaining top developers will be crucial for both platforms. • Security: Ensuring the security of the network and protecting users' funds is paramount. • Regulatory Environment: The regulatory landscape for cryptocurrencies could significantly impact the adoption and growth of both platforms. Conclusion While Solana has emerged as a strong contender in the blockchain space, Ethereum's established position and ongoing development efforts make it difficult to displace. The future of the cryptocurrency market is uncertain, and both platforms will need to adapt to evolving technologies and changing market dynamics. Ultimately, the success of Solana and Ethereum will depend on their ability to deliver value to users and developers.
COINBASE:SOLUSD
by bryandowningqln
SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview: Position: Long Entry: 143.38 Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26) Stop Loss: 139.39 Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move. Market Stats: Volume: 3.98M Average Volume (30D): 9.02M Performance: Weekly: +8.96% Monthly: +15.53% Year-to-date (YTD): +77.77% Annual: +451.45% Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries. This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
Long
by ProfitsNinja
Solana (SOL) - Potential for a Strong Uptrend Continuationhello guys. Primary Trend Structure: The chart shows a classic Elliott Wave formation with an initial five-wave impulsive move (1-5) followed by a three-wave corrective pattern (A-B-C), suggesting the start of a new bullish cycle. Current Cycle: The recent price action is part of a new five-wave cycle with waves 1, 2, and 3 already formed. Wave 4 appears to be forming, preparing for a final upward movement in wave 5. Wave 4 Support Zone: The purple-shaded area marks a strong support zone, which could act as a launch point for wave 5 if prices retrace to this level. This support is in line with the typical retracement levels for wave 4, reinforcing its validity as a potential pivot zone. Wave 5 Target: Based on Fibonacci extensions, wave 5 could potentially reach the 0.618 extension level, around the $680 zone, representing a significant upside from the current price. Bullish Continuation Signals: Higher highs and higher lows are evident, which confirm a bullish trend. The price staying above key support levels strengthens the bullish outlook. Risks: If prices break below the wave 4 support zone, the structure could invalidate the expected bullish wave 5 target, leading to a potential deeper correction. Summary: The chart shows a potential bullish continuation in SOL, with a target in the $680 zone if wave 4 support holds and wave 5 unfolds as anticipated.
BINANCE:SOLUSD
by melikatrader94
22
SOLANA (SOLUSDT): Bullish Momentum Achieves All Targets!SOLANA (SOLUSDT) Analysis: Bullish Momentum Achieves All Targets! Time Frame: 15-minute Trade Type: Long Entry: $168.54 Stop Loss (SL): $167.82 Targets (TP): TP1: $169.43 - Achieved ✔️ TP2: $170.86 - Achieved ✔️ TP3: $172.30 - Achieved ✔️ TP4: $173.19 - Achieved ✔️ Technical Overview: Solana (SOLUSDT) displayed a strong bullish trend, successfully hitting all projected targets in the 15-minute timeframe. The price maintained an upward trajectory supported by the Risological dotted trend line (a custom trend indicator) reflecting solid market support and increasing momentum. Key Stats: Volume: 2.91M (compared to an average 30-day volume of 14.55M) Performance: 1 Week: +9.02% 1 Month: +11.98% 3 Months: -5.79% (slight retracement) 6 Months: +26.41% Year-to-Date (YTD): +71.06% 1 Year: +448.54% (significant yearly growth) The successful completion of all targets showcases strong buying interest and consistent volume support. With a sharp yearly growth rate, Solana’s current performance aligns well with its historical bullish trajectory. Traders who entered at the set entry point reaped the benefits as SOL maintained its bullish momentum.
Long
by ProfitsNinja