SolSolana Update. Critical Day Support at play with a Falling wedge. #learn #technicalanalysis with #thequeenofcharts #sol CRYPTOCAP:SOL #crypto #trading #daytrading
SOL trade ideas
sol attracted long-term sharp riseAt present, the macd is in green, which means that the bulls are still strong. In any case, the market needs a callback
SOL AnalysisHi there, today I bring you my own analysis on Solana (SOL), which shows a really nice possible escenario to the upside. I'll be updating. Happy Investing
$SOL Bottom2019 $ETH Market Cap @ Bottom
vs
2022 $SOL Market Cap @ Bottom
- Similar -95% drop.
- $5B market cap bottom on #ETH versus $7B market cap bottom (?) on #SOL after 3 drives down (purple).
- Fractal shows 1+ year accumulation for SOL here, stay #safu
Long term bag getting padded here @ <$15 per $SOL.
SOL SOLUSD
ETH ETHUSD
Stay #Safu frends,
-@CryptoCurb
SOL & BTCthe relationship between the two, entry and movement, ideas on selling tops after run and or entry after hike all eyes.
BTC,SOL,APAAF,GVSI,CEIthis analysis is BTC and SOL with the addition of a few OTCS and a nasty CEI -NFA
SOL recovers at $42 amid high selling pressure.The Solana price analysis is predicting a bullish trend for today. An improvement in price has been observed since the start of today’s session as it reached up to $42.6 again. The price underwent correction during the second half yesterday to the extent that the entire trend turned bearish. However, the coin was on a route to recovery during the past week, but from yesterday, the bearish pressure engulfed the market, and today, despite the fact that the price has slightly increased, the bearish pressure still seems to be there.
The 1-day price chart for Solana price analysis shows the bulls are striving to regain momentum, though selling pressure still exists; however, the price has recovered back to $42.66. The short-term trend line is in the upwards direction as the coin gained significant value during the past few days, and the price is now at a much better position compared to the earlier levels as the coin gained 11.37 percent value during the past week. The trading volume has decreased by more than 35 percent during the last 24 hours resulting in the market dominance of 1.36 percent for SOL. The moving average (MA) value is at $40.8, just above the SMA 50 curve.
The volatility is decreasing slowly for the cryptocurrency as the lower end of the Bollinger bands is converging towards the upper band. Whereas the upper band is maintaining its position at the $46 mark representing the strongest resistance, the lower band has reached the $34.9 mark, representing the strongest support for the price function. The mean average line of the Bollinger bands is still forming below the price level at the $40.4 mark. The indicator’s convergence might further slow down the price oscillations in the coming days.
The relative strength index (RSI) is hovering at index 55 in the upper half of the neutral zone, and the curve is almost horizontal, which hints at a lack of momentum from either side of the market.
The given hourly and daily Solana price analysis shows bullish price action with many bearish indications, as the price oscillations are quite low; however, we expect the cryptocurrency to remain bullish for the next 24 hours. After today’s up move, it is expected that the price will come down again in the coming days from the current price level as a wavy price pattern is quite clear on the charts, and SOL may continue this cycle for some time.
$SOL Harmonics 101 Brief review of $SOL being absolutely run off harmonics, brief deep dive into how we zoom in and out to find low timeframe patterns at high tf triggers. I will attach plays for viewing in comments we talked about, easy to see after the fact. Anticipating them takes time. All procedural, 0 thought at all. Less thought and more reaction, with mind clarity.
SOL (Solana) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis:
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 325,986,609.90 SOL of these have already entered the market.
The SOL token distribution is as follows:
16.23% went towards an initial seed sale,
12.92% of tokens were dedicated to a founding sale,
12.79% of SOL coins were distributed among team members,
10.46% of tokens were given to the Solana Foundation.
The remaining tokens were already released for public and private sales or are still to be released to the market.
Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).
The current CoinMarketCap ranking is #6, with a live market cap of $44,775,942,866 USD. It has a circulating supply of 325,986,610 SOL coins and the max. supply is not available.
Technical Analysis:
There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 48.6% Fibonacci Retracement level from its ATH; it means that, it has broken the 61.8% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area .
The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved.
The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates.
Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
SOL BREAKOUT NOWDowntrend broken. Printing a bullish flag. Broke two. areas of resistance. Tested support AND trend line twice, and they held. SEE YOU ON THE MOON BOYS!
