Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike. One of the most compelling factors driving Solana's growth is its impressive performance metrics....
#SOL The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it We have a major support level in green at a price of 120 We have a trend to stabilize...
Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly...
#SOL The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it We have a major support level in green at a price of 111 We have a trend to stabilize above the...
Yes, the market structure isn't really broken and it hasn't lost any major support Yes, it can go higher, a lot higher, and yes it's been one of the best performers of this cycle . Which makes it rather risky to short it. But it doesn't change the fact that it: - Failed to beat critical levels - By being one of the best performers, retail is loving it. -...
The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22. Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs. Resistance Levels: Immediate resistance at around...
#SOL The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it We have a major support level in green at a price of 165.40 We have a trend to stabilize above the...
SOL idea was shared yesterday and it exactly filled entry zone and pumped 5%. Now after retest we will go more higher as green line marked on the chart.
📊#SOL BEARISH BAT PATTERN📉 🧠From a structural perspective, the goals of the long structure we built near the 115-133 buying zone have been fully achieved, so there is an expectation of a pullback. There is currently an opportunity to build a bearish head and shoulders structure within the selling zone. ➡️From a morphological point of view, a bearish bat pattern...
Solana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports. The digital asset's ascent was...
📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades. 🔍 Entry Point: The entry point occurs when the price breaks above the...
SOL/USDT chart is looking good on the daily timeframe with a bullish flag pattern possibly forming. There is anticipation of a price bounce and breakout imminent. Watch for the breakout of a small trendline which may precede a significant move towards the bullish flag's resistance zone. It is important to conduct your own research and analysis as this is not...
Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility. Breaking Through Resistance: A Positive Sign The recent price action for...
SOLUSDT technical analysis update The SOL chart appears to repeat the same pattern in this bull cycle. In the last bull run, SOL accumulated for 170 days before the first phase of the bull run. After the accumulation box breakout, the price surged by over 1200%. Then, the price formed a flag pattern before the second phase of the bull run, resulting in a further...
SOLUSDT Technical analysis update SOL price is breaking the symmetrical triangle pattern on the daily chart. Before the breakout, the price touched the triangle support multiple times and bounced back. After a small retest, we can expect a strong bullish move in the coming days. Buy Level: Above $170 Stop Loss: $145 Regards Hexa
Solana (SOL), the high-speed blockchain platform often dubbed the "Ethereum killer," has been experiencing a resurgence in recent months. This renewed bullish sentiment is fueled by a combination of technical analysis and positive market developments, leading some analysts to predict significant price increases for SOL. Fibonacci Extension: A Roadmap for...
#SOL The price is moving within a 1-hour bearish channel pattern, which is a strong retracement pattern We have a bounce from a major support area at 131.30 We have a tendency to stabilize above the Moving Average 100 We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends Entry price is...
The price of Solana (SOL) has embarked on a notable upward trend, surpassing the key resistance level of $135 against the US Dollar. This bullish momentum has instilled optimism in investors, suggesting the potential for further gains in the near future. Breaking Through the $135 Barrier Previously, the $135 mark had acted as a significant hurdle for SOL....