#SOL/USDT Ready to go up#SOL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 230
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 236
First target 242
Second target 248
Third target 254
SOLUSDTPERP
Analyzing Solana's Bullish Surge: Is a $250 Rally on the Horizon
Solana (SOL), the high-performance blockchain platform, has recently embarked on a significant upward trajectory, surpassing the $220 resistance level. As the cryptocurrency market continues to exhibit bullish momentum, Solana's price action suggests a potential rally to the $250 mark.
Key Factors Driving Solana's Rise
Several key factors are contributing to Solana's bullish sentiment:
1. Enhanced Network Performance:
o Solana's robust network infrastructure, capable of processing thousands of transactions per second, has attracted developers and users alike.
o Recent upgrades and optimizations have further improved network performance, reducing transaction fees and latency.
2. Growing DeFi Ecosystem:
o Solana's DeFi ecosystem has witnessed substantial growth, with a diverse range of decentralized applications (dApps) emerging.
o Projects like Serum, Raydium, and Orca have gained significant traction, driving demand for SOL tokens.
3. Institutional Adoption:
o Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform.
o This growing institutional interest could lead to increased capital inflows and price appreciation.
4. Positive Market Sentiment:
o The broader cryptocurrency market has been experiencing a period of bullish sentiment, with Bitcoin and Ethereum leading the charge.
o This positive market sentiment has spilled over to altcoins like Solana, fueling its upward momentum.
Technical Analysis: A Bullish Outlook
From a technical perspective, Solana's price chart exhibits a bullish outlook:
• Breakout Above $220: The recent breakout above the $220 resistance level is a significant bullish signal, indicating a potential shift in market sentiment.
• Consolidation Phase: Solana's price is currently consolidating gains, which could be a precursor to a more substantial upward move.
• Target Price of $250: The next major resistance level for Solana lies at $250. A successful break above this level could trigger a further rally.
• Bullish Indicators: Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling1 bullish momentum.
Potential Risks and Challenges
While Solana's future looks promising, it's important to acknowledge potential risks and challenges:
• Network Congestion: As Solana's popularity grows, network congestion could become a concern, leading to increased transaction fees and slower processing times.
• Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies could impact Solana's price and adoption.
• Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning.
Conclusion
Solana's strong fundamentals, growing ecosystem, and positive market sentiment have positioned it for a potential rally to $250 and beyond. However, investors should exercise caution and conduct thorough research before making investment decisions. As with any investment, it's crucial to diversify your portfolio and manage risk effectively.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to consult with a qualified financial advisor2 before making any investment decisions.
#SOL Long target achieved, new trading opportunities📊#SOL Long target achieved, new trading opportunities🔥
🧠From a structural perspective, the long structure targets at the daily and hourly levels have been achieved, so there is an expectation of a pullback, so we manually locked in the main profits and only kept a small number of positions to expect more.
➡️If we start to pull back from here, then a short structure will be built after breaking the inflection point. The target area of this structure and the yellow support area are the support areas 200-222 that we need to pay attention to.
⚠️If we continue to break through the previous high, it means that we are likely to challenge the historical high.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
💕 Follow me so you don't miss out on any signals and analyze 💯 KRAKEN:SOLUSDT
Is Solana (SOL) Poised to Reach $400 with Upcoming Breakout?
Solana, the high-performance blockchain platform, has been making significant strides in the cryptocurrency market. Recent data and technical analysis suggest that SOL is poised for a significant price surge, with the potential to reach $400.
Key Factors Driving Solana's Potential Breakout:
1. Network Upgrades and Scalability:
o Solana has been actively working on network upgrades and scalability solutions to address the challenges faced by other blockchain platforms.
o Recent improvements have significantly enhanced the network's capacity and transaction speed, making it more efficient and user-friendly.
o These advancements are likely to attract more developers and users to the Solana ecosystem, driving increased demand for SOL tokens.
2. Growing DeFi Ecosystem:
o Solana's DeFi ecosystem has witnessed rapid growth, with a diverse range of decentralized applications (dApps) being built on the platform.
o These dApps span various sectors, including finance, gaming, and NFTs, attracting a growing user base.
o As the DeFi ecosystem continues to expand, the demand for SOL tokens is likely to increase, as they are used for fees and staking.
3. Strong Community Support:
o Solana has a dedicated and passionate community of developers, investors, and users.
o This strong community support plays a crucial role in driving the adoption and growth of the Solana ecosystem.
o Community-driven initiatives and projects contribute to the overall development and success of the platform.
4. Positive Market Sentiment:
o The broader cryptocurrency market has been experiencing a positive sentiment, with Bitcoin and Ethereum leading the charge.
o This positive market sentiment can spill over to other cryptocurrencies, including Solana.
o As investor confidence in the cryptocurrency market grows, more capital may flow into Solana, driving up the price of SOL tokens.
Technical Analysis: A Bullish Outlook
Technical analysis of SOL's price chart reveals a bullish outlook. The token has formed a solid support level and is showing signs of breaking out of a consolidation phase. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also indicating bullish momentum.
If Solana successfully breaks through the current resistance level, it could trigger a significant price surge. The next major price target for SOL is $400, which could be achieved in the near future.
Potential Risks and Challenges:
While Solana's future looks promising, it is important to acknowledge potential risks and challenges:
• Network Congestion: As the network grows, it may face scalability issues, leading to increased transaction fees and slower processing times.
• Regulatory Uncertainty: Changes in regulatory policies can impact the cryptocurrency market, including Solana.
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur.
Conclusion:
Solana's strong fundamentals, coupled with positive market sentiment and technical analysis, suggest a bullish outlook for the token. The potential for significant price appreciation, coupled with the growing adoption of the Solana ecosystem, makes it an attractive investment opportunity for both short-term traders and long-term investors. However, as with any investment, it is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
#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 (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! 🌊🚀
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.
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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Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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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.
-
(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.
--------------------------------------------------
- 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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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.
#SOL Very Critical Zone..100$ May Be Come.#SOL Very Critical Zone..100$ May Be Come.
We have entered the danger zone for SOL. As I mentioned in the last analysis, SOL could reach 200 before experiencing a potential crash. So, we should wait to see if this zone is successfully held. If it fails to hold, SOL could even go down to 100.
The last analysis is also attached. We have shared analyses for #ARKM, #ARB, #BTC, #PEPE, and #BONKE. For all updates, feel free to DM us.
!!@ Om Nmah Shivaye @!!
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.
#SOL/USDT / Ready to go up#SOL
The price is moving in a descending channel on the 30-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 185
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 187
First target 189
Second target 193
Third target 197
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.
SOLUSDT: Is the Next Surge Imminent or Will Bears Take Control?Yello, Paradisers! The question of the hour: Is #SOLUSDT gearing up for another big move, or is it about to hit a wall? Here's what we're seeing in the charts right now.
💎#SOLUSDT has shown impressive strength throughout this bull run, navigating within a parallel trading channel that consistently touches both support and resistance. So far, it's respected this structure with clear patterns and potential for further gains.
💎The pair has already completed an ABC pattern twice within this channel. This sets the stage for a potential 5th wave surge if the 4th corrective move holds as expected.
💎SOLUSDT has established a series of higher highs and higher lows. It seems poised for another higher high after a recent pullback potentially formed a higher low. A decisive CHoCH could signal the momentum needed for another upward move, pushing SOLUSDT beyond current levels.
💎The price has been defending a strong support level at $163.38. Holding this level strengthens the bullish case. The first significant test lies at $176.92. Breaching this resistance could open the gates to higher targets. If momentum continues, look for action around $186–$187.44.The top of this current setup and a crucial psychological barrier rests at $200.
💎If SOLUSDT closes a 4H candle below $157.84—the previous higher low—the bullish structure would break, and we might need to reassess potential downside risks.
💎SOLUSDT is at a make-or-break point. If support holds and a new higher high forms, we could see a significant move targeting higher resistance zones. Keep a close eye on how the price behaves near $163.38 and whether the momentum carries it to $176.92 and beyond.
Stay sharp and trade smart, Paradisers ! Consistency and a clear strategy are key to navigating these dynamic markets.
MyCryptoParadise
iFeel the success🌴
#SOL/USDT#SOL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 155
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 162.90
First target 167
Second target 171
Third target 176
SOLUSDT Bullish Flag PatternSOLUSDT Technical analysis update
SOLUSDT has been forming a bullish flag pattern over the last 230 days. The price is now moving toward the flag resistance line for a potential breakout. Once the breakout occurs, we can expect a price move of 50% to 150%. Additionally, the price is trading above the 100 and 200 EMA on the daily chart.
Buy level: After confirmation of the breakout from the flag pattern.
SOLUSDT: Bullish Momentum Building for a Potential All-Time HighSOLUSDT is demonstrating strong bullish potential after bouncing off a key support zone and breaking through a descending trendline. This breakout suggests a shift in momentum, indicating that we could see a significant upward movement in the near future. With the price gaining traction, traders should monitor the market for opportunities to enter positions as SOLUSDT approaches recent resistance levels.
To capitalize on this potential uptrend, consider placing entries on confirmed breakouts while managing risk with stop losses below the recent swing low. As bullish indicators align, the prospect of SOLUSDT reaching new all-time highs becomes increasingly likely. Stay vigilant, as this may be the beginning of an exciting phase for SOLUSDT traders!
SOLUSDT Currently trading at $146
Buy level: Above $146
Stop loss: Below $135
TP1: $152
TP2: $160
TP3: $175
TP4: $195
Max Leverage 3x
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#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
#SOL/USDT
#SOL
The price is moving in an ascending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 169
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 176
First target 185
Second target 191
Third target 198
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update.
BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets.
SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
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.
SOLUSDT Cup and Handle Pattern Suggests Potential Bullish MoveSOLUSDT Technical analsysi uopdate
SOLUSDT has formed a cup and handle pattern on the weekly chart over the past 1080 days, which is a bullish signal. The price is currently forming the handle, and once it breaks above the handle's resistance, we can expect a strong upward move, signaling the continuation of the long-term uptrend.
Regards
Hexa