SOLUSD.P trade ideas
SOL Potentially Big Bullish Tendency StartingMostly the month of June is the "bottom" month before another bullish movement. And the price has met its strong support level at around 126 - 127.
Solana Surges: Price Breaks Resistance, Eyes Higher GroundThe price of Solana (SOL) has embarked on a notable upward trend, surpassing the key resistance level of $135 against the US Dollar. This bullish momentum has instilled optimism in investors, suggesting the potential for further gains in the near future.
Breaking Through the $135 Barrier
Previously, the $135 mark had acted as a significant hurdle for SOL. However, recent buying pressure has propelled the price past this resistance, signifying a potential shift in market sentiment. This breakout indicates increased investor confidence and could pave the way for a sustained price increase.
Technical Indicators Bolster the Bullish Outlook
Technical analysis, which utilizes historical data and price charts to predict future movements, strengthens the bullish case for Solana. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, implying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $138, provides further technical validation for the ongoing price surge.
Potential for Continued Price Increases
Analysts are cautiously optimistic about the potential for SOL to extend its upward trajectory. Some projections suggest the price surpassed the $145 resistance level. However, it's important to remember that the cryptocurrency market is inherently volatile, and unforeseen events can trigger price corrections.
Factors Fueling Solana's Rise
Several factors are likely contributing to Solana's current bullish run. Here's a look at some of the potential drivers:
• Growing Adoption of DeFi Applications: Decentralized Finance (DeFi) allows users to access financial services without relying on traditional intermediaries. Solana, known for its fast transaction processing and scalability, is increasingly being utilized for DeFi applications. This surge in adoption could lead to a higher demand for SOL tokens, driving up the price.
• Upcoming Network Upgrades: The Solana development team is constantly working on improvements to the network. News or anticipation of upcoming upgrades could attract investors and contribute to the price increase.
• Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a ripple effect on the entire crypto market, including Solana.
Potential Challenges on the Horizon
Although the current outlook for Solana is positive, there are still uncertainties to consider. For instance, increased regulatory scrutiny on cryptocurrencies by governments or a major security breach on a Solana-based DeFi platform could dampen investor confidence and trigger a price decline.
Conclusion: A Cautious Optimism
Solana's recent surge above $145 is a positive development for investors. Technical indicators and potential catalysts like DeFi adoption and network upgrades suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before investing in any cryptocurrency.
SOLANA MASSIVE REVERSAL SIGNALCOINBASE:SOLUSD is ready for another leg up. The last green dot came in this area back in September and the price of the Coin 10xed. The bull market is BACK!!
Solana Presents OpportunityWith analysts being bullish on Solana, SOL/USD has gathered momentum and has since gained 25 percent from its low on July 5.
SolanaSolana's robust performance and favorable technical indicators suggest a promising rally. Stay updated with market news to adjust positions accordingly.
Short-term: $160
Mid-term: $175
Long-term: $200
Long Position: Enter at $145.01, target $160, stop loss at $135.
Short Position: Consider shorting below $131.99, target $120, stop loss at $140.
Double BottomWe currently have a double bottom on the Solana chart. With this, I believe Solana would either run to touch the descending line or breakout and up back to $200. There has been a lot of bullish news lately surrounding Solana and it even held up well during last week's bearish market.
Double top formedSolana created double top in 1 week chart
From 145 next stop drop to 50$ to dip into 49$ before pump up to $1,000
Double top showed on the 1W Chart On the solana 1 week chart; bullish isnt going to pump lot more for awhile until the correction is finish and retrace back to the uptrend line
So the dip of the trendline is $50 into $49 should make a reversal bounce back for the bulls and continue this bullish trend rally.
Bearish selling pressure is win ing this one until get to the uptrend to dip into the $50
Solana repeating historySo far Solana has moved nearly identically as the previous cycle, which leads me to believe we'll have a breakout soon, likely following the launch of the ETH ETF's. There's also a massive cup & handle forming. According to the Fib extension, we could see a new ATH of $550, or even $840. In case of a downtrend continuation, the bottom will be at the long term support trendline, ez all in if it gets there.
SOLUSD-BUY strategy 4-hourly heikin ashiThe trend looks like the start of an uptrend, with positive stochastic short-term, and support by GANN and triangle supports.
Strategy BUY @ 130-133 and take profit @ 155. SL below 120 for now.
Solusd buyBreakout the the upside in all time games, bullish market structure, failed to breakout the bottom and now is starting a new bullish trend with multiple ascending triangles in it, reaction at major support line, order book is balanced so now we can expect a buy, bullish engulfing candle, reaction inside the imbalance signals bullish continuation as well as the confluence with the time frames
Solana Potential DownsidesHey Traders, in today's trading session we are monitoring SOLUSDT for a selling opportunity around 150 zone, Solana is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 150 support and resistance area.
Trade safe, Joe.
Solana to $1000?3.618 on the fib is where CRYPTOCAP:BTC and most major alts seem to top in cycles. If that applies to CRYPTOCAP:SOL , then an ~1k CRYPTOCAP:SOL awaits us by December of this year. Let me know what you think in the comments. Thank you.
Solana / U.S. Dollar _ Week 2 _ Distribution Price _ Under _ TraSolana / U.S. Dollar _ Week 2 _ Distribution Price _ Under _ Trading _ Venue _ Coinbase.
Still early but we can breakdown the short prices.
Next distribution price:
$146.60
$148.14
SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024.
Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then.
Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets.
We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak.
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SOLANA short to 27,5$In my view SOL will move from 150$ to 27,5$ in 2025 where a new massive bullish wave will start
solusd buydid not breakout to the downside, current has a new bullish trend within all 1`- 1d timeframes. the price is reacting to a major support line signaling the order block being balanced hinting at bullish movement, there is also a breakout happening on all time frame. 1 acedning triangle and breakout,
Comprehensive Analysis of Solana (SOL) Bull Market and Future PrSolana (SOL) has captured the attention of traders and investors alike with its impressive price movements and robust technology. This comprehensive analysis dives into the current state of Solana's bull market, examining key indicators, historical trends, and potential future scenarios based on the weekly chart data.
Historical Context and Past Bull Markets
Solana has experienced several notable bull markets in the past, with the most significant occurring from late 2020 to mid-2021, lasting approximately 7-8 months. These periods were characterized by rapid price appreciation and heightened market activity, driven by strong market sentiment and broader cryptocurrency market cycles.
Current Market Analysis
Key Support and Resistance Levels
Support Zones:
$130.13: Immediate support level.
$99.47: Important mid-level support.
$61.54: Critical long-term support.
Resistance Zones:
$160.79: Significant resistance level.
$204.45: Higher resistance level indicating potential upside targets.
Technical Indicators
Moving Averages (MA):
The fast MA (9-week) is above the slow MA (21-week), indicating a sustained bullish trend.
Relative Strength Index (RSI):
Currently in a neutral zone, not indicating overbought or oversold conditions, suggesting room for further price movements.
MACD (Moving Average Convergence Divergence):
Positive but showing signs of weakening momentum. A bullish crossover in the normalized MACD line above the signal line would reinforce the bullish scenario.
Enhanced Indicators:
Large Traders Index (LTI): Increased activity by large traders often precedes significant market moves.
Retail Traders Index (RTI): Measures the activity of retail traders.
Normalized Combined Volatility: Indicates potential for significant price movements.
Market Sentiment and Volatility
The enhanced normalized volatility suggests a period of high market activity, typical in bull markets. Increased activity by large traders (blue line) and retail traders (red line) provides insights into market sentiment, with large trader activity often indicating upcoming major moves.
Future Projections
Short-Term (Next 3-6 Months)
Bullish Scenario:
If Solana maintains support above $130.13 and bullish indicators remain strong, we could see a continuation of the uptrend, potentially testing the $160.79 resistance level.
Bearish Scenario:
A break below $130.13 could lead to a test of the $99.47 support level. A sustained move below this level might signal further downside.
Medium-Term (6-12 Months)
The bull market could potentially extend, with the possibility of reaching new all-time highs driven by strong market sentiment, technological advancements, and broader market recovery.
Long-Term
Bull markets in cryptocurrencies can last beyond a year, influenced by major events, adoption, and technological progress. Continuous monitoring of key support and resistance levels, along with broader market trends, will be crucial.
Conclusion
The current bull market for Solana shows strong potential for continuation, with key support levels at $130.13 and $99.47 providing crucial benchmarks. Breaking the $160.79 resistance level could signal further upside. Monitoring technical indicators like the moving averages, RSI, MACD, and enhanced volatility measures will provide valuable insights into the market's direction.
Based on historical trends and current analysis, the bull market could last another 3-12 months.
P.S. My scripts are free to download.
SOL longSolana bouncing off the bullish trendline and the major support level. Bullish movement is expected to continue and reach the resistance level at $162.5
So Long, Solana!Though one of the best crypto projects in existence, Solana has topped out for 2024 and will now likely drop below $30 over the next year.
Trust no man who suggests this is a good investment any time soon.
The SOLTrain Pushes to $400Solana prepares to mash to the upside once again. An all-time, macro trend in conjunction with manual wave counting suggests that $407 will induce the next 'crypto winter' for the beloved and most promising Solana ecosystem.
Solana Hits Big Resistance and Drops to SupportGood Morning Traders,
It's important to review price action on Solana because it is our fourth largest altcoin (excluding stables) and does lead much of our altcoin market now in this position.
The inverse head and shoulders pattern is playing out thus far.
Solana touched my $122 support precisely before bouncing and rounding the bottom of our right shoulder.
The 200 day SMA helped to hold price for support.
Price then exceeded our .618 Fib fan level which intersected with a level I had drawn at $145. This now becomes support.
Price had attempted to move higher but there is great resistance ahead on both our price chart and the RSI chart below. Both charts show big areas of confluence that are acting as major resistance. If the bulls can get above these, we are then safe to tackle that neckline. Once broken, we should have a price target of $235-245 before more rest.
Don't forget, holiday weekends often give crypto a big boost. With the 4th of July being a big holiday here in the U.S., I would not be surprised to see price movement float up over the long weekend.
Stew
