SOLUSD~hourly chart~ready to longBull run=safe long
Now we have a corrective wave dropping into 0618 FIBO zone.
Enter long
SOLUSD.P trade ideas
Solana SOLUSD Periodic Analysis (Issue 51)The analyst forecasts a rise in Solana's price within the next 24 Days.
This prediction is based on a quantitative analysis of recent price trends
SOLUSD BUY ANALYSIS FALLING WEDGE PATTERN Here on Solusd price form a falling wedge pattern and now try to go up so as line 236.55 has broken price is likely to go up more and trader should go for LONG with expect profit target of 255.19 and 272.69 . Use money management
Solana (SOL/USD): Eyeing a Return to All-Time HighsSolana is in a critical phase, attempting to reclaim its all-time high (ATH) of $260 as it builds bullish momentum. With Bitcoin (BTC) stabilizing in the $92,000–$103,000 range, the broader crypto market is ripe for a rally, providing the perfect environment for SOL to break its ATH and target a new high of $400 by March 2025.
Key Factors for SOL’s Rally:
Bullish Momentum Curve:
December will be pivotal as Solana needs to form a steady, upward momentum curve. This means a series of higher highs and higher lows, with minimal volatility to maintain investor confidence.
Critical Support Levels:
$200: Key psychological and technical support. Staying above this level will signal strength and resilience.
$180 (Worst Case): If SOL drops to this level, it must find strong buying support to avoid breaking the bullish structure.
Resistance at $260:
The $260 ATH will be a critical barrier. A successful breakout here will not only confirm the bullish trend but could ignite a wave of buying that propels SOL toward its next target of $400.
Positive Scenario:
If SOL/USD continues to defend the $200–$180 range and Bitcoin remains stable, Solana can gain the momentum needed to break $260 by early 2025.
Once this level is breached, SOL could rally quickly, entering price discovery mode and targeting $400 by March 2025.
Risks and Challenges:
A failure to maintain support above $180 could lead to increased selling pressure, disrupting the bullish outlook.
Broader market volatility or BTC dropping below $92,000 might also hinder SOL’s progress.
Outlook for SOL Holders:
This December is crucial for Solana as it battles to establish a solid base and regain momentum. Holding above $200 while building a steady bullish curve will set the stage for SOL to not only reclaim its ATH of $260 but also push toward a new milestone of $400 by March 2025, marking a significant achievement for the ecosystem and its investors.
SOL - Bullish or Bearish?SOL seems to be facing an unstable head-and-shoulders pattern, with the possibility of striking key support levels. The Moving Average Convergence Divergence (MACD) shows that SOL struggles to cross the zero line, indicating bearish sentiment. The Relative Strength Index (RSI) has been coming down from overbought conditions since December 3rd. The 20-day moving average (20ma) and the 200-day moving average (200ma) are converging, potentially undoing the golden cross formation observed on October 13th. This could signal a possible reversal. It's possible that we might see a shakeout followed by a bounce to the upside, or SOL may consolidate at key support levels before bouncing. Keep an eye on its movements.
Support - $215
Resistance - $246
Fear and Greed Index - 78 (Greed)
Norms of a butterfly reversal SOL has a big pending butterfly reversal. Here's the typical things we see if and when there is a butterfly reversal.
The first drop is usually consistent until it takes out the low of C. This is a breaking of the uptrend but it will usually setup a bull trap.
There will be a parabolic bounce. Some chop. Second parabolic and then reversals typically come around a 76 retracement of the drop.
If a follow through leg comes off this, it's typically very strong.
SOL Price prediction by Christmas Eve 2024Simply using the 200 day MA as a guide, the base price for Solana should be around $275 by Christmas Eve 2024
SOLANA // Neutral within the Daily Bearish CountertrendThe market is in a neutral zone, so there is no use going down in the timeframes.
The primary bull trend may continue after the Daily impulse base (brown) is broken on the daily, but the best chances are in the expansion above the clear H4 breakdown (green).
In this case, the weekly target fibo 200 is my target.
On the short side, it's more risky now, since the market is in the accumulation phase, but below the H4 impulse base (also brown), we have a chance to visit at least the daily zone again (blue dashed).
Stay Patient, Stay Disciplined!
🏄🏼♂️
Your comments and questions are very much welcomed, not mentioning your boosts! 👊🏼 😀
Solana’s Memecoin Hub Faces UK Ban Amid Regulatory ConcernsThe Solana ecosystem has been making waves in the crypto space, not only for its technological advancements but also for its thriving memecoin market. However, recent developments surrounding **Pump Fun**, a prominent Solana-based memecoin launchpad, have sparked regulatory debates. Despite the challenges, Solana’s native token, CRYPTOCAP:SOL , demonstrates resilience in the face of adversity.
Pump Fun’s UK Ban: A Regulatory Crackdown
Pump Fun, a leading platform for memecoin creation and trading, has abruptly restricted access to users in the United Kingdom. This decision follows a warning from the Financial Conduct Authority (FCA), which accused the platform of operating without proper authorization under UK financial laws.
Key highlights of the FCA’s concerns include:
- Lack of financial authorization for services provided.
- Warnings of potential risks for users engaging with Pump Fun.
- A directive to the public to avoid the platform.
In compliance, Pump Fun updated its terms of service and barred UK residents, marking the UK as a restricted jurisdiction.
The Rise and Controversy of Pump Fun
Launched in early 2024, Pump Fun quickly became a hub for Solana’s memecoin enthusiasts.
- Trading Dominance: Facilitated over $250 million in token trades, capturing 62% of Solana’s decentralized exchange (DEX) transactionsfi in November.
- Popular Tokens: Enabled the creation of tokens like PNUT and WIF, driving memecoin hype.
- Challenges: Faced backlash for inadequate content moderation and reports of misuse of its now-disabled livestreaming feature.
With its roots in the UK, Pump Fun's founders, operating under pseudonyms, have come under scrutiny. Legal experts warn that its lack of compliance with anti-money laundering regulations could result in further penalties.
Solana’s Reaction: CRYPTOCAP:SOL Remains Strong
Despite Pump Fun’s legal troubles, CRYPTOCAP:SOL has maintained its footing in the market.
- Price Movement: As of this writing, CRYPTOCAP:SOL is trading at 1.74% up, unaffected by the negative sentiment around Pump Fun.
- RSI Insights: The Relative Strength Index (RSI) at 53 suggests a balanced momentum, with neither overbought nor oversold conditions.
- Bullish Pattern: A bullish engulfing candlestick on the daily chart indicates buyer interest, even in uncertain times.
- Support Levels: If selling pressure increases, immediate support lies at the 61.8% Fibonacci retracement level.
What’s Next for Solana and Pump Fun?
Pump Fun's UK ban could set a precedent for stricter regulation of memecoin platforms, not just in the UK but globally. For CRYPTOCAP:SOL , its resilience underscores the ecosystem's ability to weather localized disruptions. However, the Solana community may need to address reputational risks tied to controversial platforms like Pump Fun.
Conclusion
While Pump Fun’s UK ban signals the growing scrutiny of crypto platforms, Solana's technical and fundamental strengths continue to shine. As CRYPTOCAP:SOL holds steady, this could present an opportunity for investors to consider its long-term potential amidst temporary market turbulence.
SOLANA NEXT STOP $300Solana has been outperforming ETH for a while now, not only on the charts and for investors but behind the scenes as well. Some simple price action coupled with the certainty retail traders have of SOL indicate a breakthrough of the ATH resistance, not to mention the bullish general market sentiment crypto has at the moment.
I would put SOL in the top 3 at the moment with good potential. If we do see confirmation of a breakthrough, there will obviously be some relief and a pull back and likely a retest of that key level which would now be acting as a support. This is where i would expect huge influx of liquidity from retail and commercial investors to further boost SOL on its upwards cycle towards my mid term target of $300 ($308 to be precise).
Solana (SOL) Approaching Key Resistance Levels in Bullish Tren
The chart shows a bullish setup for Solana (SOL) against the USD, currently trading at $242.61. The price is moving within an ascending channel, indicating an upward trend, and is approaching a critical resistance level ("Break this level"). A breakout above this level is necessary to continue the upward momentum. The next target is around $250, marked as the "Middle Point," which serves as an intermediate resistance before reaching the next major high above $260. Successful movement through these levels would confirm sustained bullish strength.
SOL/USD12Day chart. Cycle timeframe. Massive cup with handle pattern formed, but needs a formal breakout and backtest. Target is between the 1.618 and 2.0 fib extension.
$SOL Solana with a potential 190-180 target Head and shoulders pattern
Conformation breaking 215
Void with a breakthrough 250
SOLUSD IDEAHi , this is my idea about SOL
The resistance might be broken buts lets not get greedy.
This is not a financial advice
Trade at your own risk
SOL NEXT TARGET $300 ($303 EXACT)Looking at Sol buys to $303 based on fib retracement in this bullish market, bitcoin normally makes its big move/break out first then SOL tends to follow right behind, always use proper risk when entering these trades the markets are volatile and anything could yet again happen
Is Solana (SOL) Setting the Stage for a Historic All-Time High?Solana (SOL) Ignites a Bullish Fire: Is a New All-Time High Imminent?
Solana (SOL), a high-performance blockchain platform, has recently showcased remarkable bullish momentum, captivating the attention of both seasoned investors and crypto enthusiasts. With a significant portion of traders holding long positions, SOL appears poised to break out of its consolidation phase and potentially reach new all-time highs.
A Technical Analysis Deep Dive
A closer look at SOL's technical analysis reveals a compelling bullish narrative:
• Breaking the Bearish Trend: SOL has successfully broken out of a two-week descending trendline, signaling a shift in market sentiment. This bullish breakout has propelled the price towards its all-time high.
• Strong Demand Zone: The price's reaction to a previously identified demand zone has further fueled the bullish momentum. This indicates strong underlying buying pressure and a potential catalyst for further price appreciation.
• Key Resistance Level: The $251 level represents a crucial resistance zone. A successful breakout above this level could pave the way for a significant upside move, potentially towards the $300 or even $500 mark. However, a rejection at this level could lead to a temporary pullback or consolidation phase.
Why is SOL Attracting Bullish Sentiment?
Several factors are contributing to the bullish sentiment surrounding SOL:
• High Performance and Scalability: Solana's innovative proof-of-history consensus mechanism enables it to process a high volume of transactions at a low cost, making it a compelling choice for developers and users alike.
• Growing Ecosystem: The Solana ecosystem is rapidly expanding, with a growing number of decentralized applications (dApps) being built on the platform. This increased adoption and utility can drive demand for SOL tokens.
• Institutional Interest: Institutional investors are increasingly recognizing the potential of Solana and are allocating capital to the platform. This institutional interest can provide significant support to the price of SOL.
• Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also positively impacted SOL's price. As investor confidence grows, more capital is flowing into promising projects like Solana.
The Road Ahead for SOL
While the current bullish outlook for SOL is promising, it's important to remember that the cryptocurrency market is inherently volatile. Factors such as broader market trends, regulatory developments, and technological advancements can influence SOL's price.
Investors should conduct thorough research and consider their risk tolerance before investing in SOL or any other cryptocurrency. It's also advisable to diversify one's portfolio and avoid putting all eggs in one basket.
In conclusion, SOL's recent price action and strong technical indicators suggest a potential for significant upside. However, investors should remain cautious and monitor market developments closely. With a strong foundation, a growing ecosystem, and increasing institutional interest, SOL has the potential to continue its upward trajectory and deliver substantial returns to its holders.
Sol could soar 11%Solana has broken out of the wedge pattern that has dominated its price movement since November 22nd, as it attempts to catch up with Ethereum and Bitcoin. The price pattern will remain valid as long as it trades outside the wedge, particularly above the $235.70 level.
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Solana Hits Previous High And Something Else.Traders,
In the same day that BTC has almost tagged 100k, Solana has hit its previous high. But there is something else showing me that Solana will have a tough time moving higher from here. It's that blue trendline. That started all the way back in mid-October of last year. Solana had remained above it until June of this year when the market could confirm that Bitcoin was going to continue its sideways to down price action until U.S. election time. The day after the election, as I expected, Solana broke its channel to the upside. It has now catapulted to its previous high on rumors of ETF filings today. But its run straight into the intersection of our blue trendline with the level of the previous high, making this area of confluence remarkably difficult for the bulls to beat. Will these ETF rumors be a sell the news event? I mean, you have to know that big money and insiders already knew. I expect them to dump on retail like they always do, take some profits, and then re-enter once retail knows they've been had again and start to fold. I can see the price coming back down to $205 or so. But Solana is white hot riding on the back of meme coins lately, so it's also possible that we just ride under the $260 price for a week or two accumulating before making any more big moves up or down. I don't have strong conviction with either option but I do believe the least likely scenario is the third option, a straight breakthrough of our previous high.
✌️ Stew
SOLANA wedge breakout $SOLnice wedge breakout on CRYPTOCAP:SOL with alt coin season officially underway
this one could really run up
SOLANA (SOLUSD): Bullish Confirmation Signal
I see 2 strong bullish confirmations on Solana
after a retracement to a recently broken key horizontal support.
The price went up and violated a neckline of a double bottom pattern
and a resistance line of a falling wedge pattern.
We can anticipate a bullish movement to a current ATH now.
❤️Please, support my work with like, thank you!❤️
SOL Descending Wedge For the past 2 weeks we haven't seen any moves yet for SOL, its' been hanging on arround 220 to 240 levels. I believe on this bull run we can see more for SOL once it hits ATH. Right now, on the 4h time frame, I can see a bullish pattern, a Descending Wedge being formed. With the recent moves from BTC reaching 100k earlier today, we might see a powerful impulse once SOL breaks from the wedge. This is an opportunity for Long postion, go set x5 leverage and HODL.
