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Solusdtlong

Bullish Setup for $SOL After Key BreakoutBINANCE:SOLUSDT is currently approaching a key descending trendline after testing a significant supply zone (in red). The price is consolidating near this level, and we are now waiting for a potential breakout above the trendline for confirmation of further upside. Suggested Entries and Targets: Entry Zone: $162.45, watching closely for a breakout above the supply zone with confirmation on HTF. TP1: $175.54 - First target after confirmation of the breakout. TP2: $188.36 - Second target as the bullish momentum continues. TP3: $210.07 - $212.46, targeting liquidity above the next major resistance levels. SL: Below $150.44, to minimize downside risk in case of rejection at the trendline. We are looking for signs of strength at this key level. A clear breakout and retest of the trendline could signal the start of a strong bullish move. --------- As always, stick to your strategy and do your own research before any entry.
Long
by MadeByAK
5
Solana's Surging Dominance: A New Flippening in the Making? Solana's meteoric rise has caught the attention of the cryptocurrency world, with its price reaching a new all-time high against Ethereum. This surge, driven in part by the memecoin frenzy, has sparked speculation about a potential "flippening" – a scenario where Solana's market capitalization surpasses that of Ethereum. Since 2023, Solana has experienced a remarkable 600% increase in value relative to Ethereum. This impressive performance can be attributed to several factors, including: • Memecoin Mania: The popularity of memecoins like BONK and BONK Inu has significantly boosted Solana's ecosystem. These tokens have attracted a large following, driving up demand for the Solana blockchain. • Scalability and Speed: Solana's ability to process a high number of transactions per second (TPS) has made it a popular choice for developers and users seeking faster and more efficient blockchain solutions. • Growing Ecosystem: Solana has witnessed a rapid expansion of its ecosystem, with numerous decentralized applications (dApps) and projects being built on the platform. This growth has increased the demand for Solana tokens. • Institutional Interest: Solana has gained traction among institutional investors, who are increasingly attracted to its potential as a scalable and high-performance blockchain. While Solana's recent performance is undeniably impressive, it's important to consider the challenges it faces in its quest to overtake Ethereum. Ethereum, despite its current dominance, is undergoing significant upgrades, such as the transition to proof-of-stake (PoS) and the implementation of layer-2 scaling solutions. These developments could potentially enhance Ethereum's efficiency and scalability, making it a more competitive alternative. Moreover, Ethereum's established network effects and strong developer community give it a significant advantage. Ethereum has been the dominant platform for smart contracts and decentralized finance (DeFi) applications for several years, and it has a vast network of developers and users. Overcoming this established ecosystem will be a formidable challenge for Solana. Despite these challenges, Solana's recent surge suggests that it is a serious contender in the race for blockchain dominance. The platform's strong performance and growing ecosystem have positioned it as a potential disruptor in the cryptocurrency market. Whether Solana can ultimately achieve a "flippening" remains to be seen, but its continued success is a testament to the innovative and competitive nature of the blockchain industry. In conclusion, Solana's price surge against Ethereum marks a significant milestone for the platform. While the road ahead may be challenging, Solana's potential for growth and innovation is undeniable. As the cryptocurrency market continues to evolve, it will be fascinating to observe the ongoing competition between Solana and Ethereum, and to see which platform ultimately emerges as the dominant force in the blockchain space.
COINBASE:SOLUSDLong
by bryandowningqln
SOLUSDT Long Setup Setting / It's Risky but we are traders ...BINANCE:SOLUSDT COINBASE:SOLUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 142.20 148.44 157.38 🔴SL: 126.23 b]🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
SOL forecasts SOL/USD Technical Analysis 🌐💹 1. Key Resistance Levels: - $260: A major resistance zone. The price has struggled at this level before, and it may act as a significant barrier again in the near future. 🚧 - $290: The next potential resistance target after breaking through $260. If SOL breaks above $260, this level could serve as the next upward target. 🎯 - $220: An intermediate resistance level between $122 and $260. This could be the first major hurdle for any upward movement. 📈 2. Key Support Levels: - $122: A strong support area that has held up well in previous price movements. If SOL faces downward pressure, this could be a key level to watch. 🛡️ - $77.81: Another crucial support zone that could prevent further declines if the price drops below $122. 🔑 - $27.06: The final strong support zone; this level is critical as the last defense before a potential significant drop. 📉 3. Potential Scenarios: - Bullish Case: If the price breaks through the $220 resistance, a move toward $260 and then potentially $290 could follow. A strong breakout above $290 would signal a major uptrend. 🚀 - Bearish Case: If the price fails to hold above $122, SOL could drop toward $77.81, with the $27.06 level acting as a crucial floor if bearish momentum continues. 🔻 Overall, the price is currently consolidating around $140.68, and traders should watch for breakouts or breakdowns from these key levels to determine the next major move.
COINBASE:SOLUSD
by ahmadarz
2
SOLANA SOLUSD: 15M Retrace into demand zone. Then a move higher.Nothing goes up in a straight line of course. I don't think Cryptocurrency has made a false break upwards since about Friday, bitcoin, solana, retracing into more demand areas to attract new buyers at better prices imho. Disclosure: I am a holder of cryptocurrency & in particular Solana. You can see in the chart below 15m. Solana is making its way down to a 15M demand area buy order block, this area coincides perfectly with todays' 38.2% Fib retracement. 4HR Fib Retracement Below:
EIGHTCAP:SOLUSDLong
by Easy_Explosive_Trading
BULL and BEAR targets for EOY and October (SOL)Hello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR I have made the chart super simple to understand as you can see We got an October target: 160ish zone (resistance) and we got a bear and bull target for EOY Bull EOY target: 200-250 (I find this the most likely) Bear EOY target 100-110 (I don't find it likely, but i do consider it) EDIT: in previous post I've stated if Bitcoin does "crash hard" to new lows I could see SOL hitting even 80 dollars (i still find it unlikely) Of course these are just ideas.. What do you think will happen EOY for COINBASE:SOLUSD ? I'm more "bullish" than bearish clearly, but I do always keep those bearish targets in mind. BOOST the post if you like what you see and Follow for even more post about SOL in the near future! NFA DYOR <<<-----
Long
by RandomTAdude
SOLUSDT Flag Pattern Alert - Potential Breakout Ahead!SOL/USDT is currently forming a flag pattern within a key support and resistance zone. After several days of consolidation, the price action indicates a possible breakout. Watch for a decisive move above the upper boundary of the flag, which could signal a sudden upward momentum. Remember to always set a stop loss to manage risk effectively. SOLUSDT (4h Chart) Technical analysis SOLUSDT (4h Chart) Currently trading at $146 Buy level: Above $146.5 Stop loss: Below $140 TP1: $150 TP2: $155 TP3: $165 TP4: $180 Max Leverage 5x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades