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SOLUSDTPERP

🚧Solana is Ready for Correction🚧🔄This post is in line with the "🗺️ Solana Roadmap 🗺️" post that I shared with you a few days ago( in a daily time frame ). ⏰In this post, we go to the lower time frame to check the Solana(SOL) . 🏃‍♂️ Solana(SOL) is moving near the Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡 in the 4-hour time frame . 🌊According to the theory of Elliott waves , Solana(SOL) seems to have succeeded in completing microwave 5 of the main wave C . ( If the Uptrend line breaks, we can confirm the end of the main wave C. ). 🔔I expect Solana(SOL) to go down to at least the Support line after breaking the Uptrend line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
SOLUSDT Anticipated Return to Previous All-Time Highs Imminent!!After a sustained period of growth followed by a healthy retracement,SOLUSDT is gearing up for a significant upward movement. Market indicators suggest that the cryptocurrency has undergone a necessary correction, setting the stage for a resurgence towards its previous all-time highs. With investor sentiment buoyant and technical analyses signaling bullish momentum, SOLUSDT appears poised to reclaim its former glory and potentially surpass previous ATH levels. SOLUSDT (1D Chart) Technical analysis SOLUSDT (1D Chart) Currently trading at $137 Buy level: Above $132 Stop loss: Below $105 TP1: $150 TP2: $175 TP3: $210 TP4: $260 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Solana Surges in Profitability, Outpacing Ethereum for the FirstIn a significant development for the cryptocurrency landscape, Solana (SOL) has emerged as a more economically profitable blockchain than Ethereum (ETH) for the first time ever. This news comes amidst a strong year for SOL, which has significantly outperformed Ethereum in terms of price gains as well. Solana's Profitability Milestone On-chain analyst Leon Waidmann reported this milestone, highlighting a chart that depicts the total economic value (TEV) of both Solana and Ethereum over a specific period. TEV considers transaction fees and Maximum Extractable Value (MEV) to determine the overall economic profitability of a blockchain. This suggests that Solana's network activity is currently generating more economic value for its validators compared to Ethereum. This newfound profitability is likely due to Solana's key advantage: its blazing-fast transaction speeds and significantly lower fees compared to Ethereum. These factors have attracted a surge in user activity on the Solana blockchain, leading to a rise in transaction fees and MEV. Ethereum's Challenges Ethereum, the dominant smart contract platform, has been plagued by scalability issues for some time. The network often experiences congestion, resulting in high gas fees that can deter users and developers. While Ethereum is undergoing upgrades to address these issues, the process is ongoing. Solana's Price Performance Solana's economic momentum translates well to its price performance in 2024. SOL has significantly outpaced Ethereum in terms of returns year-to-date. As of May 20, 2024, Ethereum has delivered a respectable 31.5% return for investors. However, Solana has surged by an impressive 61.5%, currently trading comfortably above the $160 support level. This price surge reflects growing investor confidence in Solana's potential. The faster transaction speeds and lower fees make Solana a more attractive platform for developers to build decentralized applications (dApps) upon. Additionally, the increasing adoption of DeFi (decentralized finance) protocols on Solana further fuels its growth. Looking Ahead Solana's newfound profitability and strong price performance mark a significant development in the ongoing competition within the blockchain space. While Ethereum remains the industry leader in terms of market capitalization and established dApps, Solana poses a serious challenge with its superior scalability and lower costs. The coming months will be crucial in determining the long-term trajectory of both platforms. Ethereum's success hinges on the successful implementation of its planned upgrades. Conversely, Solana will need to maintain its network stability and attract a wider range of high-quality dApps to solidify its position. Investor Considerations The recent developments highlight the importance of considering both economic factors and price performance when evaluating cryptocurrencies. While Ethereum boasts a larger ecosystem, Solana's recent surge in profitability suggests it could be a more lucrative investment for validators. Investors with a long-term perspective should consider the potential of each platform to overcome its current challenges. Ethereum's established network may prove more resilient in the long run, while Solana's faster and cheaper transactions could attract a broader user base. Ultimately, diversification across these leading blockchains might be a prudent strategy for investors seeking exposure to the ever-evolving cryptocurrency landscape.
COINBASE:SOLUSDLong
by bryandowningqln
2
📊#SOL reaches the stage resistance zone✔️🧠Structurally, we have successfully constructed a large double bottom bullish structure near the buy zone, so it is reasonable to maintain the bullish view and the ideal objective of this structure has not yet been achieved.📈 ⚠️But we will not chase the rise in the resistance zone. If we can have a good callback, it will be regarded as a good new participation opportunity. If a pullback begins from this position, then we can look for support or a bullish structure near the neckline.👀 🎉If you follow my point of view and hold long orders, you can lock in the main profit here, and then use the remaining positions to look forward to the realization of the ideal goal (204). Congratulations to all the friends who followed Wolf King to print money and received generous rewards.💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Solana SOL Update: Bullish Breakout or Bearish Retreat?As I have reported out yesterday, technically Solana is trading in the "no man's land" and can move in either direction. A bullish move towards and a break-out of $165 will push SOL towards $205 and, possibly, higher. Below $165 , risk of bearish move towards $131 is still there and, if $131 is broken to the downside, we can see a further bearishness to $113. Note, as long as Solana is trading between $131 and $165, the price action will be slow and choppy.
by Trade-Lean
1
Solana Price Puzzle: $165 Breakout or $131 Plummet?Solana is trading in the middle of the daily range zone between $131 and $165, where (1) it can move from in either direction and (2) the price action is expected to be slow and choppy. A bullish break-out of $165 will push SOL towards $205 and, possibly, higher. It is yet to make a higher high relative for the most recent swing and until then there is a a risk of bearish move towards $131 and, if broken to the downside, lower to $113.
by Trade-Lean
1
📊#SOL will rise according to the double bottom structure📈🧠We entered the correction phase after completing the cup and handle structure goal. The double top short goal has been fully achieved, and we once again obtained good support after returning to the buy zone, and successfully constructed a double bottom structure near the buy zone. There is a high probability that we will use this structure as a supporting force to continue to rise.🚀🌕 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
At what price you are ready buy SOLANA in your invest portfolio?Probable wave analysis on the #SOLUSDT chart The bottom of wave 4 has either already been formed or is yet to come. Therefore, we have marked three points where you need to be as careful as possible when deciding whether to buy CRYPTOCAP:SOL or whether it is too early. 1️⃣ $120 - if the price does not go lower, further growth will be quite rapid, as buyers will show their strength. 2️⃣ $90 - a stop of the falling in a strong liquid zone, which can be "considered a prudent buy zone". 3️⃣ $70 - this is where the price can reach on panic sales, liquidations, and stop losses. Interestingly, the calculations show that wherever the #SOLUSD price falls, t he chance of growth to $650-670 is the same from the three points, it's just a matter of time. So, what price will you choose to buy #SOLANA?
by P_S_trade
12
📊#sol has a chance to form an ascending triangle📈🧠Unfortunately, we did not continue the bullish power according to the previous cup-and-handle structure. This shows that the resistance and selling pressure above are relatively heavy, and corrections can be made through long-term consolidation. ➡️From a graphic point of view, we have the opportunity to form an ascending triangle. If we successfully break through the inflection point, then we will most likely rise according to this graphic structure. On the other hand, if we break below the bulls’ defensive level, this bullish view will be invalidated. let's see.👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888