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SOL Perpetual Futures Contract

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SOLUSD.P trade ideas

Solana (SOL) - Potential for a Strong Uptrend Continuationhello guys. Primary Trend Structure: The chart shows a classic Elliott Wave formation with an initial five-wave impulsive move (1-5) followed by a three-wave corrective pattern (A-B-C), suggesting the start of a new bullish cycle. Current Cycle: The recent price action is part of a new five-wave cycle with waves 1, 2, and 3 already formed. Wave 4 appears to be forming, preparing for a final upward movement in wave 5. Wave 4 Support Zone: The purple-shaded area marks a strong support zone, which could act as a launch point for wave 5 if prices retrace to this level. This support is in line with the typical retracement levels for wave 4, reinforcing its validity as a potential pivot zone. Wave 5 Target: Based on Fibonacci extensions, wave 5 could potentially reach the 0.618 extension level, around the $680 zone, representing a significant upside from the current price. Bullish Continuation Signals: Higher highs and higher lows are evident, which confirm a bullish trend. The price staying above key support levels strengthens the bullish outlook. Risks: If prices break below the wave 4 support zone, the structure could invalidate the expected bullish wave 5 target, leading to a potential deeper correction. Summary: The chart shows a potential bullish continuation in SOL, with a target in the $680 zone if wave 4 support holds and wave 5 unfolds as anticipated.
BINANCE:SOLUSD
by melikatrader94
21
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout: Click chart above to see the detailed analysis👆🏻 After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout. Levels to watch: $120, $210 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
8
Solana's Ascending Triangle Sets $249 Target, Raising the StakesLast week, we noted that Solana triggered an inverse head and shoulders pattern by pushing higher on Sunday, October 20. This pattern has a target of $201 per coin. Interestingly, the price reached as high as $178 before being rejected lower, forming a lower high than the high from July 28. We can now draw a descending trend line by connecting the highs from March, April, and July and the recent high on October 24. Support runs through the September 6 low at $120 per coin. Together, these lines form a bearish descending triangle. What's interesting is that Solana's price is now testing the trend line of this pattern. If it breaks above, the pattern suggests a potential target as high as $249 per coin—a strong 39% gain. However, trading a breakout from the descending triangle trend line is challenging, yet with the smaller inverse head-and-shoulders pattern, triggering this pattern becomes more plausible. Additionally, Bitcoin's strong upward momentum is providing further support. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSD
by ThinkMarkets
2
SOLUSD !!Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term. SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar. The price is now trading below $172 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $165 and $162 support levels.
COINBASE:SOLUSDShort
by FXBANkthe8055
Solana will make new ATHsThe upcoming US-Election is coming closer and closer with only 8 days left till election day. As we all know Trump supports cryptocurrencies and might give Bitcoin a boost. If Bitcoin can stay stable above 70k until the election, I think that there will be a new ATH in November. Solana just broke out of this big long-lasting pattern, which is very important for the further price development. The target of this pattern lies at around 280-380 dollars . I think Solana will reach the top in late Q1 2025/ early Q2 2025 . I expect the top to be at around 400 dollars.
COINBASE:SOLUSDLong
by HenrikDaCrypto
Solayer Labs Launches $sUSD: A Game-Changer for DeFi on SolanaSolayer Labs has announced the launch of LSE:SUSD , a yield-bearing, real-world asset-backed synthetic stablecoin on the Solana blockchain. This innovative protocol marks a significant milestone in the DeFi space, particularly for Solana, which has recently shown bullish momentum. Unveiling the LSE:SUSD Protocol The LSE:SUSD protocol, co-designed with OpenEden, allows users to earn yields on CRYPTOCAP:USDC deposits, thereby democratizing access to stable, low-risk financial assets. The unique feature of LSE:SUSD is its self-rebasing mechanism, which reflects interest earned directly in users' balances without requiring staking. This design ensures that users see their balance grow automatically, with current yields estimated at an attractive 4.33% annually, based on US Treasury yields. The launch of LSE:SUSD is particularly noteworthy as it was introduced following Solayer Labs’ achievement of surpassing **$200 million** in total value locked (TVL) in Q3. This indicates robust user interest and a solid foundation for future growth. Technical Aspects of LSE:SUSD From a technical standpoint, LSE:SUSD is built on Solana’s Token-2022 standard with an extension for interest-bearing tokens. Unlike traditional stablecoins, users are not required to stake their assets to earn yields, which significantly simplifies the user experience. The yield is automatically reflected in the users’ balances, making it more accessible to a broader audience. The protocol operates as a non-custodial Request-For-Quote (RFQ) marketplace, allowing only owners to create or destroy $sUSD. This system facilitates seamless transactions across various qualified real-world asset (RWA) tokenizers, providing a secure and efficient minting process. Technical Outlook for SOL As of the latest trading data, CRYPTOCAP:SOL is up 2.8%, with a bullish RSI of 68, indicating it is approaching overbought territory. Nevertheless, the pivot point is set at $200, presenting an opportunity for strategic buyers. Notably, Solana has recently surpassed Ethereum in trading fees, showcasing its growing dominance and potential as a leading blockchain for DeFi applications. A Bright Future for DeFi on Solana The launch of LSE:SUSD is not just another stablecoin; it represents a significant shift towards integrating real-world assets into the DeFi ecosystem. By offering users a chance to earn yields on CRYPTOCAP:USDC deposits while also providing a low-risk financial asset, Solayer Labs is paving the way for broader adoption of DeFi solutions. Additionally, the launch includes various incentive programs, such as a 10x yield boost on the first $10,000 deposits during the initial minting phase, starting October 30th. This strategy aims to attract early adopters and boost liquidity in the LSE:SUSD market. Conclusion The introduction of LSE:SUSD by Solayer Labs is a testament to the growing synergy between DeFi and traditional finance. As the DeFi landscape continues to evolve, LSE:SUSD stands out as a compelling option for users looking to explore yield-bearing assets in a secure and user-friendly manner. With the expectation of further developments and potential airdrops, Solayer Labs is well-positioned to lead the charge in DeFi innovation on Solana.
COINBASE:SOLUSDLong
by DEXWireNews
ATCryptoScan: SOLUSD, Solana, the sunshineWeekly SOLUSD chart shows an indicative picture perfect Bullish burst. 1. MACD and VolDiv crossover on the bullish territories. The last time this might have happened would be about July 2021 (VolDiv had not enough data to be plotted atat that time); 2. a large consolidation since early 2024 appears to be breaking out and a potential break on the long term trendline is indicative with favourable technical indication; and 3. Fibonacci retracement saw a 61.8% pullback for the base which never broke down and during this time, VolDiv was trending up So heads up... SOLUSD has a projected target price of about 336 around mid-2025.
BINANCE:SOLUSDLong
by Auguraltrader
2
SOLUSD A lesson learned.Although yes, I know I am being negative with this play with the Bitcoin Bullrun going on but hear me out. Doge took off two days ago and is still rising my only issue is that I sold to early, but I am happy that I took my winnings when I did. Anyway, this can go either way I am fully aware of Solana ability to perform well. But I have seen Solana perform terribly as well it we can also. Before I got heavily involved in the markets the way that I am now I see prices rise and fall many times and I was always mad when I see it go high and I didn't put something sooner, and I always seen prices drop really low, and I was happy I never put anything in. So far, I have had really good plays since sticking to my plan of looking at what the Trend lines are telling me and waiting for a breakout and entry. I recently made a play not sticking to my plan with SUIUSD and it cost me a pretty penny I just did it just because I thought I had it figured out. But I am going to stick to my plan of watching trends line and trying to catch the breakout that is what is helping me win. As long as I can remember that I will be fine. So, my plan for here is to see what's happening because I am seeing a descending triangle with the trend lines, and I am also seeing a cup and handle so ill wait
COINBASE:SOLUSDShort
by Christian_J_Cruz
Will Solana Drop To $150? Resistance at $177: Solana's bullish momentum struggles at the $177 level, indicating a strong resistance, which, if breached, could signal further upward movement. Potential Drop to $150: If the bearish trend strengthens, SOL could slide down to the $150 support level, especially if it breaks below the key $164 neckline. Triple Black Crow Pattern: On the 4-hour chart, three consecutive bearish candles form a triple black crow pattern, a potent bearish reversal signal, indicating possible downward pressure. Rising Channel Formation: The recent price movement shows a rising channel pattern, but failure to make a new high suggests possible exhaustion in the uptrend. Double Top Reversal Signal: The failure to surpass $177 has formed a potential double top, warning of a bearish reversal if the neckline at $164 is breached. 50 EMA Support at $168: Immediate support sits around the 50 EMA at $168, a critical level for bulls to defend in case of further bearish pressure. Key Trendline Support Near $165: A rising trendline near $165 adds another layer of defense, where a break below could intensify the selling pressure. 200 EMA Support at $156: The 200 EMA at $156 serves as a crucial support, acting as the final defense before a potential slide to the $150 psychological level. Ascending Triangle Formation: A reversal from current support levels could shape an ascending triangle pattern, setting the stage for a breakout above $177. Volatility Amid Bitcoin's Fluctuations: Bitcoin's current volatility near $67,000 could affect SOL's trajectory, adding pressure on SOL’s support levels. Psychological Resistance at $200: If SOL gains momentum, the next significant psychological resistance level stands at $200, a critical milestone in the potential uptrend.
COINBASE:SOLUSDShort
by Coinpedia-Market-Insight
1
$SOL Long Set upsIf We Get A Move Down 50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to. The Plan Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher. Happy Trading & Good Luck.
COINBASE:SOLUSDLong
by BushiTrades
Solana Update: Holding $162 or Dropping to $147? Here’s the breakdown, fam – if SOL holds $162, we could see a move up to the $178-$184 take-profit zone. But if $162 doesn’t hold, expect a dip to $147 before trying for that same target again. If $147 breaks, we could be in for a deeper bearish move. Stay sharp, manage your levels, and let’s see how it plays out! Like, comment, or follow if you want more updates like this! Mindbloome Trading Trade What You See
COINBASE:SOLUSD
by Mindbloome-Trading
5
SOL USDT 1D TAThis analysis focuses on the Solana (SOL) vs USDT pair. Based on the Stochastic RSI on the 1-day (1D) chart, there is an anticipated potential price drop in SOL towards the support zone around $145, with current resistance being tested at $170. Furthermore, if a bullish retest occurs at the $160 area, a price target of around $200 in the coming days could be considered. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
COINBASE:SOLUSDShort
by Nefy