Soloana Short Postion 188.15 See Chart Soloana Short Postion 188.15 See Chart Explain the Reason And See other Buying zong
SOLUSD.P trade ideas
Solana Surges %10 Percent as Trump Leads in 2024 Election PollsFxNews — Solana rose 10% on Wednesday as Donald Trump led Harris in 2024 election polling. The price surged from $155.1, peaking at $188.2 before easing. Bears briefly pushed SOL below the October 29 high of $183 but couldn’t hold ground.
Currently, SOL/USD trades around $185, with RSI and Stochastic in the overbought zone, suggesting short-term overvaluation. Going long at this level is not advised. A wait for consolidation near the 61.8% Fibonacci level at $175 or the 38.2% level at $167 offers better entry points for bulls.
The uptrend holds as long as SOL trades above the 100-period moving average, with a potential target at the July 29 high of $194.
Support : 183.3 / 175.0 / 167.0
Resistance : 188.2 / 194.0
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
Solana Hits $200: What Lies Ahead for Solana Solana ( CRYPTOCAP:SOL ) has achieved a major milestone, surging past the $200 mark for the first time since April. This bullish movement follows a wave of optimism in the broader crypto market, driven by key factors both fundamental and technical. Here’s a closer look at the catalysts behind Solana’s rise and what might be in store for this high-performance blockchain.
What’s Driving Solana’s Momentum?
1. The PumFun Effect: Solana’s Meme-Coin Platform
Solana has gained traction through PumFun, a meme-coin platform that has quickly become a sensation. With over 32,000 tokens launched in a single day, PumFun’s popularity has brought substantial engagement and trading volume to the Solana ecosystem. The meme-coin trend, reminiscent of previous crypto cycles, is drawing both new and existing investors, adding fuel to the current rally.
2. Pro-Crypto Sentiment Following the U.S. Election
The U.S. election has further brightened the outlook for crypto markets. Trump’s recent victory has renewed investor hopes for pro-crypto policies, as his administration is expected to adopt a lighter regulatory approach. Given Trump’s historically positive stance on digital assets, many investors are optimistic about the future of crypto-friendly regulations, making Solana a top choice as institutional investors seek regulatory clarity.
3. SOL ETF Speculation: Could an ETF be on the Horizon?
Following the approval of Bitcoin and Ethereum ETFs, rumors are circulating about a potential Solana ETF. If launched, such an ETF could attract mainstream investors and significantly increase liquidity for SOL. This institutional support would provide Solana with the capital needed to continue its growth, pushing SOL further into the mainstream.
Technical Outlook
Solana’s price action reveals a highly bullish setup. As of this writing, SOL is up 2.53%, trading with a strong Relative Strength Index (RSI) of 73, which places it in overbought territory. While an RSI above 70 often signals overbought conditions, in a sustained rally, it can also indicate underlying strength with room for further growth.
On the daily chart, SOL’s price is moving within a rectangular pattern, fluctuating between defined support and resistance levels. If the current momentum continues, CRYPTOCAP:SOL could soon challenge the upper resistance level near $220. A breakout above this level would signal a shift in market sentiment and could pave the way for further gains.
Next Targets: Potential Pathway to $500
If Solana ( CRYPTOCAP:SOL ) can break through the $220 resistance level, analysts suggest that the next major target would be around $500. This ambitious price point reflects the fundamental growth in Solana’s ecosystem and increased investor interest, driven by the catalysts mentioned above.
The Road Ahead for Solana
Solana’s strong fundamentals, coupled with the ongoing hype around PumFun and potential regulatory shifts, create an ideal environment for further growth. As CRYPTOCAP:SOL continues to attract a broad audience and speculation over a SOL ETF grows, the blockchain’s appeal to mainstream and institutional investors becomes more likely.
However, investors should keep an eye on potential pullbacks, especially given the overbought RSI. Market corrections are a natural part of any rally, and temporary retracements may provide buying opportunities for long-term investors.
Conclusion:
Solana’s journey past $200 reflects both fundamental strength and technical promise. As long as the ecosystem continues to grow, supported by the potential for favorable regulation, Solana is well-positioned for long-term gains.
Solana Targets $249 After Breaking Key Resistance LevelSolana prices have finally broken out of a descending triangle, pushing and closing above the trend line at $178.60 per coin. In the short term, if there’s a correction toward $181.44 and it does not dip below $168.48, traders are likely to buy this dip, aiming for the $249 target level.
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.
Solana Longive always been a hater of sol but man the degens love it. Well tbh i see it surpassing eth, 10x more users, fast, its the greatest casino on earth.
going to 1000 a coin by Feb if Btc goes to 100k expect this 1000 a coin. ALL TRUMP HIGH
SOLANA (SOL) - Potential Bullish C&H!SOLANA (SOL) is currently forming a potential bullish Cup and Handle pattern on its weekly chart. This pattern is often seen as a bullish continuation pattern, indicating a potential uptrend.
Cup: The "cup" part of the pattern is a rounded bottom formation, suggesting a period of consolidation or accumulation.
Handle: The "handle" is a short-term pullback that forms a smaller, more shallow correction.
Potential Targets:
A successful breakout above the handle's resistance level could lead to a significant price increase.
Potential targets for SOL could be in the range of $340 to $420.
Key Support Level: A weekly close below $125 would invalidate this bullish scenario.
last short-term view before $200 and we traded from $31 since Oct 2023 remain 50% HOLD!
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
Solana: Short term -> breaking out!Solana got rejected at $180 after touching a very important resistance of the past months.
It will probably go to around $172/173 in my opinion, which is both 0.618 fib extension and also a previous support line.
I don't think it will go much higher than that, and that we are in a larger bigger downtrend which has just started. Check out last week candle, both for Solana and Bitcoin, it speaks for itself.
Good luck everyone!
Be patient, don't be greedy.
Solana (SOL) Weekly AnalysisSolana is currently moving within an upward channel pattern and approaching resistance at the 199.71 level. If this resistance successfully holds back the bullish momentum, there is a possibility that Solana may correct to the Fibonacci levels around 174.92 - 170.13 before continuing its bullish trend.
SOLUSD Still a long way to goCatch the ride it might cool off soon but I bellieve it will take off again this week will be absolutely bonkers. Due to Trump winning the election the future is looking bright for my paper trading pockets.
Massive Cup & Handle on Solana about to pop!Solana has been building an absolutely massive cup & handle for the past four years, and with the market perking up since the elections, it may just be the time for it to pop!
Good luck, and always use a stop-loss!
SOL:USD Weekly Cup n' HandleWeekly chart. Cup and handle forming for a more macro trend trade. Last candle is a beastly one. Long on this trade and expect new highs soon.
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.
Solana 215 Long TargetCurrently looking Long to $125
Inverse Head and Shoulders
currently on neckline looking to breakout, but be cautious as it CAN go as low as $130s and still stays valid in between blue lines
Good luck
SOLUSD I feel good I had my price target set at $213 It hit $213, But I sold early just cause of boredom, but it feels good to know that it hit it. In the future maybe I will find something more fun to do like not write an essay about discourse communities for class lol.
Anyway, I sure hope a lot of people are making money during this bull market. Bitcoin hit $80K so congratulations to all of you who are buying bitcoin. Sure, wish I had real money in this lol ugh I would be a millionaire right now lol. Oh well it is continuing to paper trading for me.
SolUsd Weekly Double Top about to break above much higher
SolUsd is not giving much away at the moment in terms of short term profits. It's price has been moving in this massive double-top pattern that extends to the weekly charts at least.
But price on the intraday is moving away and to the right of this double-top & price will be free to drift sharply upwards. But I see its price capped short term until the last part of Solana is finished on this weekly double-top system.
In other words, you can't make a break-away with a 'head' and no body for example 'arms and legs', if you get my analogy.
Regardless, it seems a squeeze on Solana's price in the interim for a short while, will serve to give it a massive momentum shot when it makes a complete move from D.Top.
SOLUSD SELL ANALYSIS DOUBLE TOPHere on Solusd price form a double top and now make resistance around level of 201.56 so is likely to fall if line 108.49 trader should go for SHORT and expect profit target of 108.49 and 18.48. Use money management
SOL - Aka Sanpei FractalIt seems like SOL is recreating the patterns from 2020, and if that happens; we're going to see 300-500 very soon.
Good luck!
SOLANA SOLUSD is in short term pullback. Buy entry.
SOLUSD is currently in a FIB pullback on a short timeframe and is at the 50%fib level.
Look for a further pullback in price to just below the 38.2% which would be a price about 217.
SOL - New High!On the line chart (which only accounts for candle body closes) has just made a higher high than the one established around $200 in March of 2024.
Now any retest and candle bodies holding this level should establish a floor of support around $200. If we see this level continue to hold it could be a launching point for new all time highs.
Remember we can wick lower, but seeing daily candle bodies close above will be a very very bullish indication of strength.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
Is Solana the Next Big Contender in the Cryptocurrency Market?
Solana (SOL), the high-performance blockchain platform, has surged to a 7-month high, surpassing the $200 mark. This significant price surge has ignited excitement within the cryptocurrency community, with analysts predicting a potential massive upsurge in the coming months.
Key Factors Driving Solana's Rally
Several factors have contributed to Solana's recent price surge:
1. Network Upgrades and Scalability: Solana has consistently focused on enhancing its network's scalability and performance. Recent upgrades have significantly improved transaction speeds and reduced fees, making it a more attractive platform for developers and users.
2. Growing DeFi Ecosystem: The Solana ecosystem has witnessed substantial growth in decentralized finance (DeFi) applications. With a growing number of DeFi protocols and projects building on Solana, the demand for SOL tokens has increased.
3. NFT Market Boom: Solana has emerged as a popular platform for non-fungible tokens (NFTs). The increasing popularity of NFT marketplaces and collections on Solana has driven demand for SOL tokens.
4. Institutional Adoption: Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. Increased institutional interest has led to significant capital inflows into the Solana ecosystem.
Analysts' Predictions and Future Outlook
Cryptocurrency analysts are bullish on Solana's future, citing several factors that could drive further price appreciation:
• Continued Network Development: Solana's ongoing commitment to network upgrades and scalability improvements will attract more developers and users.
• Expanding DeFi Ecosystem: As the DeFi ecosystem on Solana continues to grow, the demand for SOL tokens will increase.
• NFT Market Growth: The NFT market on Solana is still in its early stages, and further growth in this sector could significantly boost SOL's price.
• Institutional Investment: Increased institutional adoption of Solana will provide a strong foundation for long-term price growth.
Technical Analysis
From a technical perspective, Solana's recent price surge has broken through key resistance levels. If the current bullish momentum continues, the price could potentially reach new all-time highs. However, it's essential to consider potential risks, such as market volatility and regulatory uncertainty.
Cautious Optimism
While Solana's recent price surge is undoubtedly exciting, it's crucial to approach the market with a cautious optimism. Cryptocurrencies are highly volatile assets, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their risk tolerance before investing in Solana or any other cryptocurrency.
Conclusion
Solana's recent price surge and positive market sentiment indicate a strong bullish outlook for the platform. However, it's essential to remain vigilant and monitor market developments closely. As Solana continues to evolve and innovate, it has the potential to become a major player in the blockchain industry.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
