SOLANA resistance turned support?SOL broke above 112-120,
the support tested well.
Bull momentum still good , as long as price above $112.
next resistance at $180-$200 zone.
and ATH at $260.
DYODD
SOLUSD.P trade ideas
$SOL Levels of interestSOL has been gaining momentum, but its short-term price increase percentages are still lagging behind BTC and ETH. However, I believe that SOL will soon flip that momentum. The question is when exactly that will happen.
I have identified some areas of interest on the chart. The red lines represent the lines of resistance, while the green lines indicate the support levels. If you are swing trading SOL, I suggest waiting to buy in the green box, which is in the price range of around $132.
Solana Weekly Analysis Solana appears to be in a favorable position, showing a clear and rational price movement without signs of being overly pumped or in a bubble. It has retraced from previous areas and we've observed price reactions in the short-term highs, likely due to buyers starting to take profits who buys around the $20 mark. Additionally, the price retraced to $100, which seems to align with algorithmic pricing and presents a good opportunity for buyers looking to accumulate and participate in this price run.
Looking ahead, the next target for Solana seems to be reaching intermediate highs and potentially surpassing its all-time high, reaching around $270. For those considering buying Solana, it might be wise to wait for a favorable entry point in the sweet spot area between $80 and $60. Then, one can consider selling at the all-time high to secure profits.
SOLANA buy dips to $120 and sell at the red lineI can't make it much easier, the primary goal is to short the red line.
You can long dips till it reaches that but a bull trend can always stop earlier.
Red line = Short entry
Solana roadmapHealthy retracement could be longed.
It is important to have an approximate idea of where one asset is in the elliott wave development.
Solana is a strong project and perhaps one of the strongest crypto currencies, so if something should be consistent and stable at its rise, i think it would be this coin
Solana | all time high | NEW ATHThe price targets of this chart are dreamy
We must be reasonable
What is clear is the $180 resistance
After this step, we can create the new ATH
Solana: Bulls are Back! 🐂Although SOL briefly slipped below $118.65 last Tuesday, it recovered quickly and made another bullish advance. We continue to see the altcoin in the beige-colored wave (3). It should expand a good deal further before it is followed by an intermediate wave (4) correction. Afterward, there should be another upward thrust, which should then bring the green wave to an end.
$SOL attempting to break the trendCOINBASE:SOLUSD trend has been down since Christmas. It's finally grabbed the lower liquidity at $80 and bounced nicely through the downtrend line. We'll see this week if we can get continuation back towards the highs.
Looking for $127 or slightly higher.
SOL - The not so bullish newsSOL seem to be close to a completion of the rally to the upside.
If we are not able to make make the 5th wave after a correction, then this whole move up have been a correction and the larger move is to the downside.
If this whole up rally is indeed a correction, we will most probably retrace the entire move up and even make new lows.
Not financial advice.
- Work of fiction and magic.
SOLUSD Can $5000 become a reality??Solana is overbought on the 1D technical outlook (RSI = 75.694, MACD = 9.354, ADX = 24.946) and even more so on 1W (RSI = 84.892) but that doesn't seem to stop its remarkable uptrend as it broke over the R1 level (144.00) today and the only Resistance standing now is the ATH (261.50). The price action is so far quite similar to the very beginning of Sol's trading days and the CCI supports that.
Consequently, if the long term pattern is a Channel up, we can see a Bull Cycle up to early 2025 and peak near its top (TP = 5,000).
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SOL proceed with caution but keep an eye on itAlthough SOL has had a lot of strength lately it's important to pay attention to the region we're in now. Based on the fib retracement from the last high to the lowest point we're approaching the 0.6 golden ratio retracement. This region being a zone of big resistance I'd watch to see how it reacts and look for this level to get flipped before going in. Following this targets are set as the orange dotted lines based on monthly key levels. Based on how price reacts to these levels if we pass the last high it's clear skies.
SOL has an x-factor which is its market of NFTs. Especially as meme coins and such are trending at the moment keep in mind this has boosted SOL's performance. Every time such digital products are transacted it's using SOL. This hype may not last so it's important to keep an eye on price but to keep emotions out of it.
Sol breaking target after targetSol is blasting through price targets on this altcoin season/bull run. I think the token moves to 173 rather quickly here based on this momentum. The medium term target is that blue fib or 227$.
>$140 SOLANA AFTER BTC ETF APPROVAL
Macro-wise SOLANA is currently in the top 5 based on market cap and is performing extremely well in terms of active users and DEX volume. The BTC ETF approval is on the horizon and institutional money is getting ready to pump spot BTC purchases which is going to bring everything up in the coming weeks.
On the day chart the trend remains strong. The cRSI is within an oversold area while the price remains within the trend. RedK indicator is showing that selling energy is comparatively low to the buying energy. Interest in selling is declining along with the volume. Its likely that we're seeing some profit-taking at this level of the rally and buyers are waiting for a better entry.
Given that the recent dump in BTC cleared up a large amount of over-leveraged positions, I think its normal to see SOL cool-off for a bit before we resume momentum to the upside.
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
SOLANA will go downhi traders
Solana has been in the uptrend since reaching the bottom in September 2022.
We can see a bearish divergence therefore we expect that the price will correct .
The price already has reached the strong resistance and got rejected , however we expect one more attempt to break it.
If it gets rejected again, we are looking for a sharp correction and our target will be at the key support around 80-86 $ .
SOLANA for the coming weekPrice seems to be accumulating, but considering it hasn't swept enough sell side liquidity, we may see price coming down to take up those lows before rallying back up.
Bullish Month SolanaBullish Month Solana?
Trading at $132.00
Stoch Rsi = Bullish
Rsi = Neutral > Bullish
Macd = Neutral > Bullish
$SOL correction may be immenent.I noticed that a bear flag is forming which may bring down the price of CRYPTOCAP:SOL to the ascending trendline. I bought in at $127.50 and sold at $132.45. I am planning to buy back in after the dip.
The technical indicators and time frames suggest that CRYPTOCAP:BTC is way overbought. If Bitcoin experiences a correction, then CRYPTOCAP:SOL will most likely follow suit.
A strong and clear supportive trendline - SOLThere's an obvious and powerful ascending trendline that could indicate a lot of further upside, strictly speaking, from a technical point of view.
SOL clear bull flag = gathering steam to As BTC and ETH are nearing ATH SOL crept up and has stalled in a narrowing channel that is a big phat clear BULL Flag. It is sitting there pawing the 200 MA support getting ready to burst up. This scenario is rapidly invalidated by any BTC fast hard rejection at ATH or slightly below, but personally, I dont think it will happen just yet… No advice here just my novice observation.
SOL pitchforkThis pitchfork on CRYPTOCAP:SOL looks great. Currently works as resistance, 200 is a magnet.
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
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