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Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet. The only question is which way they will go there: If they can confidently fix the SOL price above $23, then the blue route is realistic. If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range Which scenario do you prefer, and which is more realistic in your opinion? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase. However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback. Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion. Overall, it's important to be careful and to make well-informed decisions.
BINANCE:SOLUSD
by RomKriss
2
"SOLUSDT" NEXT MOVE!!!Here we can see that "SOLUSDT" in 1 day time frame has taken breakout from the TRENDLINE and trying to retest ont the line and if it takes a healthy retest we can see a good bounce in the price and price could rise till the zone of "31.485". And if the its a fakeout then we can see downfall in the price till the zone of "20.313". Till then keep an eye on the smaller timeframes of the market and if the price hits the support mant times then there is a high change to break the candle in the downwards direction and same things applies for the resistance zone. And according to the TRENDLINE make your TRADE ENTRIES. ENJOY!!!!
by Rivani2006
SOL USD Continuation of Ascending ChannelBINANCE:SOLUSD currently in a confirmed ascending channel after touching the upper trendline multiple times. Here is what I would think would happen, with CPI looming ahead. The below scenario is quite likely. We had massive pumped over the last few days and today we had a confirmed breakout from the resistance at $15. We are looking for a short retrace down to maybe $16 or even to $15 to touch the lower trendline before another big pump to $20 which is the next fib point 0.382. CPI is something to watch out for SOL, if the news is bullish we likely to see instant pump to at least to $20. Overall i would say the current sentiment is bullish and we will continue to remain this price for some time, unlikely to drop below $15 anytime soon if CPI comes out good.
BINANCE:SOLUSDLong
by wenxuan2
2
Solana SOL price may start correction in the coming daysA few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth. But not everything is as good as it may seem at first glance. Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and the number of SOLs involved with FTX we wrote in our previous ideas. Secondly, the SOLUSD price is entering the liquidity zone of $13-16. In this zone, at least two groups of traders will sell SOL: those who unsuccessfully took a long position in November 2022 and sat through a 50% drawdown, and now will exit from the position to "zero" and those who bought SOL with limit orders at a liquidity level of $8, and now it's time to fix +70-100% profit. In the medium term, we assume that the formation of a reversal pattern "Inverted Head and Shoulders" is possible According to this pattern: - risky buy zone of SOLUSDT around $10 - conservative purchase of SOLUSDT after a confident consolidation of the price above $16 The target for the development of this pattern is around $31 Given the fact that SOLANA is very much dependent on how the process of judicial proceedings over FTX and co. will take place. It is worth understanding that one news or tweet and the price of SOL can plummet. Therefore, it is worth insuring your long positions with stops. It is worth keeping limit orders to buy SOLUSDT around: $3.70, $2.25, $1.65 . And maybe someday you will be lucky with a super profitable purchase of SOL, like those who bought SOL a week ago at $8 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS: Solana (SOL) Solana is one of the worst performers in 2022 after a 96% price crash since its all-time high. To make matters worse, the price of SOL also lost 22% of its valuation in the past week. Furthermore, the cryptocurrency also declined below $10 and is currently struggling to stay above $9. Considering the historical price action, Solana is unlikely to find good support until $5. Such a drop in price after reaching around $260 in 2022 is surprising. This most recent accident can be attributed to significant projects and developers choosing to move away from Solana after the FTX explosion. That has shaken investor confidence in its future, with the outlook turning grim for Solana as it enters 2023. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
SOL price is in danger, read it if you have SOLANA 👇Today we will consider what prospects there may be for the SOL price Yesterday, 11/14/22, Solana's website published an extensive update on how much Solana Foundation is tied to FTX/Alameda. We will compress this information into a few paragraphs) Solana Foundation owns 1mn cash or equivalent in FTX accounts, noting that this is less than 1% of their capital. That is, we assume that the liquid capital of Solana Fondathion is +/- $100mn. - 3.24 million FTX Trading LTD ordinary shares - the value is close to zero. - 3.43 million FTT tokens - value at the time of writing +/- $7mn. - 134.54 million SRM tokens from DEX Project Serum, which Samuel Banckman-Fried created on the basis of Solana in 2020. - value +/- $37mn FTX and its cryptocurrency trading subsidiary Alameda Research (also co-founded by Bankman-Fried) have purchased more than 50.5 million SOL, which is currently valued at approximately $750 million. However, a significant portion of these SOLs is locked and have a monthly unlocking schedule that is scheduled until 2028. Solana Labs, the company that represents the founders and major contributors to the Solana network, has also sold over 7.56 million SOL (worth about $112 million) to Alameda Research. All these tokens will be unlocked for trading in 2025. Earlier, the CEO stated that Solana Labs was not affected by the FTX crash and has no assets on the exchange. But the market is not fooled , and Japanese candlesticks show the mood of market participants rather than indicators. The price of SOLUSDT fell by -57% over the past week, while the price of BTC or ETH fell by -20% Now the SOLUSD price has come to a very critical point. If Solana finds additional capital, it will probably try to push the SOL price at least to $40-50. That is, the blue scenario can be considered very positive and unlikely, analyzing the current realities. It is described above how closely SOLANA is related to FTX and its derivatives, so the price of SOL will react very strongly to any news related to FTX. Below $13 there is no liquidity for SOL and a drop to $2-4 is likely - this is a very pessimistic forecast, but in the current realities it is quite likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24
SOLANA - It's not as bad as it looks.After stopping the downtrend on the chart, there is a breakout with a breakout of the historical support level. In order for this breakout to be considered false, the price needs to return above support with bars of renewed buying on rising volumes. There are sales through the claymatic, to confirm the purchases you need a test of this buyer, which stands at 12-15. Observe. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
6
Soon will be a strong movement of SOLANA SOL price, but where ?The downtrend on the SOLUSDT price chart lasts exactly one year The maximum in November 2021 was $260, and the minimum in June 2022 was $26. Painful 10-fold depreciation of SOL in just a year For the last 4 months, the SOLUSD price has been in a long consolidation in the liquidity zone as in 2021. The exit from consolidation will be impulsive, strong and with a large %% value. Fixing the SOLUSDT price above $31 will most likely give a good upward movement to $59 and $79 Fixing the price below $26-26.5 may provoke a depreciation of SOLANA by another -50%. The culmination is coming soon - wait for it and jump on the side of the stronger ones. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
35