SOL/USD STRANGE MARKETSSince solana hit new highs and trump coin jumped the network, the market made big and strange moves since trump came on scene and is starting to slow down and make some pullbacks/retracements... not sure what to expect since the charts aren't looking that pretty but still with our strategy we can still just look for fake breakouts and right retracements. If anyone is trading memecoins, please be carefull since there is more logic than actuall strategy involved since there can only be pump and dumps and rug pulls.... good luck on the charts this week to everyone!
SOLUSD.P trade ideas
Solana on the Verge of a Bullish Reversal: Price Targets SetSolana (SOL) is showing strong signs of a potential recovery after a significant selloff, with key technical indicators pointing to a possible upward reversal.
The Relative Strength Index (RSI) is currently in oversold territory below 30, a classic signal of an impending price rebound. This suggests that Solana is due for a bullish correction.
MACD is showing a bullish crossover, with the MACD line crossing above the signal line, indicating increasing upward momentum.
After a dramatic price decline, Solana has started to climb, signaling that buyers are stepping back in. This price action supports the potential for further upward movement.
Analysts are optimistic about Solana’s future, with several forecasts predicting a move toward $250–$300 in the next few months, assuming the current bullish momentum holds.
Increased institutional interest and Solana’s growing presence on major platforms like Robinhood are contributing to a positive outlook as well.
Take Profit Levels:
$210: This is the first key resistance level. If Solana breaks and holds above this level, it would confirm the start of a stronger uptrend.
$260: The next major target is $260. If Solana continues its bullish trajectory, this level is likely to be tested.
Risky buy on SolanaGiven the relevance of the memecoin space, demand for Solana is now higher than its ever been with no evidence or reason for things to slow down now.
Solana has provided a solid 2 hour pullback and tested support. We should expect the trend to continue. If we hit the target, perhaps we hodl a "Moonbag" hehe.
The Solana "$Trump Pump" on its way to the Solana "$Trump Dump."Since the Friday launch of the official $Trump Meme Coin, both $Trump and Solana are literally "to the moon" in just a few hours. All I can say is with the inauguration just 48 hours away, this will be the most epic pump and dump in the history of Crypto. I'm sitting this one out. No telling whats going to happen, but its going to be fast and brutal whenever it hits.
A telling post from Coinbase Support on Reddit:
Poster: "How to cash out Trump coin from Coinbase wallet? It's giving 20k dollars to 2k when you swwp it to USD. "
Support: "Hi xxxxxxxxxxx, we're sorry to hear about the significant value difference when trying to cash out Trump Coin from Coinbase Wallet. Verify that there is sufficient liquidity for Trump Coin. Low liquidity often results in a wide gap between the token’s nominal value and the actual cash-out value. Instead of swapping the entire amount at once, consider breaking the transaction into smaller amounts. This can sometimes minimize slippage and get you a better overall rate.
If the problem persists, please contact our support team through the Coinbase Help Center for more detailed assistance."
Maybe there is a "safe" proxie trade on this, but I haven't found it yet.
Sit back and enjoy the show.
Solana and Crypto Market Analysis - 8 hr
A strong 8 hr candle and weekly candle. Part of this is the new official supposedly alleged official trump coin which is on Solana. But isnt this the whole point of solana? Quick and fast solutions.
- 3 day
As mentioned before, Solana was within a descending channel, any green zone areas were good DCA buys ( dollar cost averaging ). We then broke the channel, retested the channel and bounced and pushed upwards portraying a resistance to support flip. Congratualtions if you got in at $180 area.
- weekly
Sol is currently in price discovery mode and also in its 5th extension wave, expecting $300-$320 short term then a retest back to $260-$270 then a further extension up to $490 area. Across this bull run in general, depending on the total mcap across crpyto, it could easily go much higher.
- SOL/BTC 3DAY
Solana dropped down out of the triangle pattern for a good month but tested the previous resistance triangle pattern and actually moved above the triangle signaling another potential move to the upside in the near term.
BTC.D
Looks like BTC is not yet ready to give into alt season easily, it has pushed to test back into the upward channel. all eyes on the 60-62% area to see what happens once BTC retests that area of resistance. It is inevitable a proper alt season will occur and hence, keeping eyes on ETH portrays this.
3 day chart
Etherium is yet to break into new ATH's, once this occurs it will signal the start of alt season. Solana is massively out performing Etherium, please check the SOL/ETH chart for validation.
Total2 Mcap - Weekly
Seems like the total crypto market cap excluding BTC is setting itself up for a move up. Eyeing a 3.04 T target, lets say a 3T psychological target.
What is everyones TOTAL MARKET CAP PREDICTIONS ( including BTC )?
The current BITCOIN rainbow chart still suggests we are in the early to mid phase of this cycle run. Please do search for this, I find that the most simplest of charts are always useful.
The current Pi CYcle Top Indicator chart also suggests BTC has not yet topped yet this bull run.
Other Callouts:
TRUMP Inauguration:
20th Of January marks the day of a new era in the US, with the trump inauguration. a president who is very pro crypto.
Solana is the dominant chain. Solana's 24hr dex volume with 49% dominance. Its volume is way above all other chains combined!
AI ( Artificial Intelligence ) up Solana which is the new topic as of late globally.
Fastest growing dev eecosystem in CRYPTO
America first Crypto Reserve ( although i only believe this for BTC, dont know how numerous reserves like XRP and SOL will work but still a bullish point )
Firedancer already live
2025 4-5 ETFs is ont he cards which is majorly bullish.
Solana has a small mcap vs XRP. What does XRP do compared to Solana?
Overall, Solana still seems to be very undervalued, it's Risk to Rewards ratio is very high. I'll be DCAing for the next 5-10 years. Approach might be now to buy daily instead of monthly. Small incrementals a day.
THIS IS NOT FINANCIAL ADVICE, JUST A TRADE IDEA.
Appreciate feedback plus further analysis and comments.
Staring at the SOLI’m just going to leave this here. Anytime we see a break of a ATH we can expect to see the bull run begin. As we all wait patiently for the 20th we see some movement in the market with Bitcoin dominance in fluctuation. I’ll be holding some SOL to see if we can reach the sun.
We could see over $1000 per SOL just for fun.
Good luck and have fun with it.
SOLANA at Key Resistance: Bearish Bounce ExpectedCOINBASE:SOLUSD is at a significant resistance zone. This area has previously acted as a major reversal point, and the current price action shows signs of potential exhaustion after a sharp bullish rally into this zone.
The market structure indicates that sellers may regain control at this level if bearish price action confirms a rejection, such as wicks signaling rejection or bearish engulfing candles. If this occurs, I anticipate the price to move downward toward the $234 level.
However, if the price breaks above $260 and holds with strong bullish momentum, this setup would be invalidated, and further upside could be anticipated.
Why Solana is Worth Buying: A Quick AnalysisSolana has become a standout in the cryptocurrency market, offering an unmatched combination of speed, scalability, and low costs. Its blockchain processes thousands of transactions per second (TPS) with minimal fees, making it a go-to platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain applications.
From a trading perspective, Solana's strong technical foundation, rapid ecosystem growth, and active community support present an attractive investment opportunity. The platform's continuous updates and partnerships position it as a leader in the blockchain space. As adoption increases, Solana’s potential for price growth remains high, making it a solid choice for traders seeking long-term gains and participation in cutting-edge crypto technology.
Tip: Keep an eye on key support and resistance levels in Solana's trading charts, as it often demonstrates strong momentum around major ecosystem announcements or updates.
Update on Sol swingUnfortunately right after my large entry the market got crushed by a jobs report. This is a benefit of not using leverage, although this trade is on margin, my interest rate is low, and its spot only in an account that has buying power. Since this is a weekly chart we have to evaluate weekly candles, the daily got fairly bearish.
This is also why you need a plan before you enter trades. My plan was to add if we see 190, so I am doing so. My target zone is the green circle, or around 350$ the last day of March. Note a bottoming stochastic RSI and a cooled off BBWP.
The Rise of Solana’s ValueThe cryptocurrency market is no stranger to volatility, but the recent surge in Solana’s value underscores the growing influence of meme coins on this burgeoning financial ecosystem. Solana’s SOL token experienced a remarkable 16% increase in value following the launch of a new meme coin with a presidential theme, connected to former President Donald Trump. This event highlights the unpredictable yet powerful dynamics that meme coins can bring to the market.
Solana, a blockchain platform known for its high speed and low transaction costs, has steadily positioned itself as a major player in the cryptocurrency space. However, its recent surge can be attributed to a highly specific and unconventional catalyst—a meme coin. These digital tokens, often inspired by internet jokes or cultural phenomena, have gained immense popularity for their potential to generate quick returns. The latest entrant in the meme coin space, featuring a connection to Donald Trump, exemplifies this trend.
The meme coin’s launch on the Solana blockchain drew significant attention from both the cryptocurrency community and mainstream media. The association with the former president added a layer of intrigue and controversy, fueling investor interest. As a result, trading activity on the Solana network spiked, leading to a notable rise in the value of its native token, SOL.
The Influence of Meme Coins
Meme coins have become a cultural and financial phenomenon in the cryptocurrency world. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which are often seen as digital assets with long-term utility or store-of-value potential, meme coins derive their appeal from their novelty and viral marketing. These tokens can create a sense of community and excitement, driving massive investments in a short period.
The recent case of the Trump-themed meme coin illustrates how these tokens can influence the broader market. By leveraging the notoriety and global recognition of a public figure, the meme coin attracted a flood of attention. This, in turn, elevated the Solana blockchain’s profile, as it was the chosen platform for the coin’s launch.
Why Solana?
Solana’s suitability for hosting meme coins lies in its technological advantages. With a transaction throughput of up to 65,000 transactions per second and average fees as low as $0.00025, Solana offers an efficient and cost-effective environment for developers. These attributes make it an attractive choice for launching new projects, particularly those that rely on high trading volumes and rapid adoption, such as meme coins.
The Trump-themed coin’s choice of Solana over other blockchain networks underscores the platform’s growing reputation. By facilitating the launch of such a high-profile token, Solana has positioned itself as a viable competitor to Ethereum, which has traditionally dominated the decentralized finance (DeFi) and non-fungible token (NFT) spaces.
The Trump Factor
The association with former President Donald Trump played a pivotal role in amplifying the meme coin’s impact. Trump remains a polarizing figure with a massive global following, making any project linked to his name inherently newsworthy. This connection likely drew a mix of supporters, detractors, and opportunistic investors, all eager to capitalize on the coin’s potential for rapid gains.
While Trump himself has not publicly endorsed the coin, the mere implication of a link was enough to generate buzz. In the world of cryptocurrencies, perception often matters as much as reality. The hype surrounding the coin translated into increased activity on the Solana network, benefiting the platform’s native token.
Implications for the Cryptocurrency Market
The surge in Solana’s value following the meme coin launch demonstrates the outsized influence that these tokens can wield. While some critics dismiss meme coins as speculative or frivolous, their ability to attract capital and attention is undeniable. For blockchain platforms like Solana, hosting popular meme coins can serve as a gateway to greater adoption and legitimacy.
However, the phenomenon also raises questions about market stability and sustainability. Meme coins are notorious for their volatility, and their popularity can be fleeting. Investors and blockchain platforms alike must navigate the risks associated with these trends. While the short-term gains can be substantial, they often come with heightened uncertainty.
Looking Ahead
The success of the Trump-themed meme coin on Solana could pave the way for similar projects in the future. As more developers and investors recognize the potential of meme coins to drive engagement and profitability, platforms like Solana may increasingly position themselves as hubs for these ventures. This could lead to further innovation within the meme coin space, as well as increased competition among blockchain networks vying for market share.
For Solana, the recent surge in value is a testament to its resilience and adaptability. By capturing the zeitgeist through a culturally resonant meme coin, the platform has demonstrated its ability to capitalize on emerging trends. Whether this momentum can be sustained remains to be seen, but the event has undoubtedly reinforced Solana’s standing in the cryptocurrency market.
Conclusion
The launch of a Trump-themed meme coin on the Solana blockchain has not only boosted the value of SOL but also highlighted the transformative potential of meme coins within the cryptocurrency ecosystem. These tokens, often dismissed as novelties, have proven capable of driving significant market activity and elevating the profiles of blockchain platforms.
As the cryptocurrency market continues to evolve, the influence of meme coins is likely to persist. For investors and developers, the key will be to balance the excitement of these trends with a clear-eyed assessment of their risks and rewards. Meanwhile, platforms like Solana have an opportunity to harness the power of meme coins to expand their reach and solidify their positions in this dynamic and unpredictable industry.
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.