SOLSol Analysis:
Holding trend well,
Fib retest and strength
Provided market conditions remain favourable overall looking to target full extension.
SOLUSD.P trade ideas
Sol SpeculationSol currently at 2 major supports
Could we see a rally up after the shakeout that just happened?
Regardless of the big drop the general sentiment is bullish. We will see if the bulls can keep the buys flowing through.
Is SOL following the 2020 ETH fractal? SOLUSDSolana, SO FAR, has been following in the same path as ETH 2020-21. This DOESN NOT mean it will continue. It will likely deviate in it's own way but so far, it's very similar. $700 - $1000 is not too entirely off the table. $777 is my personal target. NFA. I will keep this updated as we go and will show when or if we invalidate this altogether. No panic either way. Please keep going SOL:)
SOL AnalysisSOL got rejected from the topside of the diagonal movement. I'm expecting a retracement before continuing up. I'm taking this trade. My Target is the recent liquidity.
SOLANA WHAT NOW??We have been following the trend of Solana for some time now.
We are now seeing buyers trying to push prices higher this is after market made a high around 209.90 .
After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70 .
Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a break and close above 191.80 . for possibility of another push higher towards the previous high 209.90 .
I still maintain interest of possibly seeing price move towards the ATH 260 level.
I keep an eye out as price can push lower towards support range 1 59.20 - 167.70 .
SOLUSD: Snapping Back to $210 | 70.70% Probability!BINANCE:SOLUSD has been drawing a lot of attention in the crypto space in the past few days due to its integration with NASDAQ:PYPL
Let's have a technical analysis breakdown:
BINANCE:SOLUSD According to my Free Probability Indicator , There's a 70.00% chance it could climb back over $210 and beyond, which is pretty much encouraging!
If you're thinking about trading LINK, here's what you should consider:
Entry:
Wait for clear signs that the price is going up again.
Once you're confident the trend is changing, consider buying LINK.
I'm currently looking at the 8H Equilibrium to get positioned.
Exit:
To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits.
Risk Management:
Ensure you're not risking more money than you can afford to lose.
Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned.
This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
Could price reverse from here?SOL/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 175.23
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 188.78
Why we like it:
There is a pullback resistance level.
Take profit: 158.28
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
$SOL good RR LongCRYPTOCAP:SOL has great potential in coming week. a good entry for a weekly swing game. coming week will be a green week for crypto followed by a panic sell off next coming weeks.
Play correctly and dont miss the run.
PORTFOLIO ALLOCATION FOR TRADE
10%
25x leverage
Solana's Magic Eden NFT Volumes Top Bitcoin and EthereumSolana's Magic Eden, a non-fungible token (NFT) marketplace, has seen a surge in trading volumes, dominating the Solana ( CRYPTOCAP:SOL ), Ethereum, and Bitcoin networks. This surge comes as total NFT volumes have dropped in the last 30 days. The platform has surpassed NFT marketplace Blur on Ethereum, with its market share increasing to 41.39%. On Solana ( CRYPTOCAP:SOL ), Magic Eden maintains its lead with 75.79%, with assets worth over 17K SOL. Recent market activity has boosted its lead, with Tensor and Sniper coming up next with 19.38% and 2.40%, while Hyperspace and Hadeswap rank next with 1.21% and 0.98%, respectively. On-chain data from Tiexo points to a rally in Solana volumes, with volumes 18% to 22.7 SOL, approximately $3.81 million.
Magic Eden dominated NFT volumes in the Bitcoin ecosystem, posting 55.07% of the market share. In December, Solana ( CRYPTOCAP:SOL ) topped Ethereum in NFT volumes as users purchased projects based on the platform. However, recent data from CryptoSlam shows a drop in overall volumes, with volumes plummeting 54% to $624 million from last month's over $1 billion volume. Bitcoin NFT sales plummeted 68%, while Ethereum and Solana experienced a 55% and 48% drop, respectively.
SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side.
Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.
May Closing BullishAfter starting May at 117 SOL began to claw back up and actually led BTC and ETH for sometime hitting 133 mid month. But then it made a new support area at 166-67 which is where we are back to today after some nice pumps. You know how it goes here we have to break through the 200 to 10 area for continuation. Otherwise we may be coming down like a popped like a balloon in June!
Heading into 50% Fibonacci resistance?SOL/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 175.23
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 188.78
Why we like it:
There is a pullback resistance level.
Take profit: 158.78
Why we like it:
There is an overlap support level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Solana's Phantom Wallet Introduced Bitcoin Ordinals integrationSolana ( CRYPTOCAP:SOL ), the popular cryptocurrency, has been regaining attention as it hosts Bitcoin Ordinals on its associated Phantom Wallet. The platform has announced that Bitcoin support is now out of beta and available to everyone, eliminating the need for users to rely on centralized exchanges or unfamiliar wallets for collecting Ordinals. The team of developers at Phantom has dedicated themselves to enhancing the Bitcoin experience since its beta debut in December 2023.
Users can now buy and sell Ordinals and BRC-20s through various apps such as Magic Eden, Atlas 3, Ordinals Wallet, UniSat, BeFi Labs, Matrica Labs, Ordiswap, Hello, and Gamma. Solana's low cost and high-speed network attracts users due to its low cost and high-speed network. PayPal recently expanded its stablecoin, PYUSD, to the Solana ( CRYPTOCAP:SOL ) network, marking a significant leap in expansion for the online payment platform.
The Phantom Wallet offers comprehensive crypto management, including recursive inscriptions and ledger compatibility. Users can securely manage their Bitcoin, Ordinals, and BRC-20s in one account through the mobile app and browser extension. The Collectibles tab allows users to discover and manage rare sats, check total sat amounts, and view "satributes" for each UTXO. Additionally, Phantom offers simple address management, enabling Native Segwit, Taproot, or both.
This comeback simplifies the process of transferring and buying Bitcoin instantly, offering a comprehensive and streamlined experience for all crypto needs.
Solana ( CRYPTOCAP:SOL ) has manage to regain the $170 pivot again validating its position as the third to Ethereum ( CRYPTOCAP:ETH ). The Altcoin has a Relative Strength Index (RSI) of 55.62 which is primed for a trend reversal. In the short term, Solana's ( CRYPTOCAP:SOL ) daily price chart shows a rising trend pattern from an initial falling wedge pattern.
PayPal USD (PYUSD) Goes Live On SolanaPayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ) has gone live on the Solana blockchain, marking a significant expansion beyond the Ethereum ecosystem. This collaboration between PayPal and Solana ( CRYPTOCAP:SOL ) offers millions of users guaranteed access to the token with guaranteed speed. The integration allows PayPal to leverage Solana ( CRYPTOCAP:SOL ) and the token extension to serve over 30 million merchants globally while offering transactions at a lower cost. This marks a milestone for USD-pegged stablecoin as it is its first move beyond the Ethereum ecosystem.
PYUSD is also expanding its utilization as a payment method for small and daily purchases. PayPal USD has found new ways to evolve in a bid to compete with dominant alternatives like Tether ( CRYPTOCAP:USDT ) and USD Coin ( CRYPTOCAP:USDC ). Xoom, PayPal's cross-border money transfer service, recently launched a new funding option that allows U.S. users to finance international transfers using PYUSD. Users are exempt from paying transaction fees when using PayPal USD to fund eligible transfers to recipients in over 160 countries.
Solana's speed and low cost may impact the PYUSD market outlook positively. Over time, Solana ( CRYPTOCAP:SOL ) known to process over 5,000 transactions per second, costing only about $0.0025. Compared to Ethereum's 15 transactions per second with higher fees, Solana offers significantly cheaper fees. PayPal's senior vice president of blockchain, Jose Fernandez da Ponte, stated that making PYUSD available on the Solana Blockchain furthers their mission of enabling a digital currency with a stable value designed for commerce and payments.
Despite the fundamental, Solana ( CRYPTOCAP:SOL ) is still trading with a weak Relative Strength Index (RSI) of 54.89 signifying a bullish reversal trend in the long term.
5 day chart SOLSOL 5 day chart
Expansion of volatility on bbwp has lead to big moves on average. 212%
Average move excluding the 2 outliers where we saw 400%+ moves would bring it down to 74.84%
Stochastic momentum has been correct in getting the direction of the move right 71% of the time.
Upside more likely right now but it could change with time, volatility is still contracting and hasn't expanded yet.
52 days on average to play out
Solana Set for Surge Amid ETF SpeculationNow what had to happen has happened: There is open talk about a SOL ETF. Once again, mere optimism about future billion-dollar inflows is likely to drive prices significantly higher. After the Bitcoin and ETH pumps, a Solana pump is now - and there is hardly any reasonable doubt about it - imminent. If we derive the price target from Elliott Wave Theory and reduce it a bit to avoid overextending our luck, we get a target range for SOL of around 275 USD. This bullish assessment is supported by a hidden bullishly divergent Cumulative Volume Delta.
$SOLUSDNot financial advice.
COINBASE:SOLUSD
Currently inside triangle for consolidation or distribution.
Scenario #1
Creating a cup and handle for a breakout to the upside.
Scenario #2
Breaks to the downside for a wave 2 according to Fibonacci numbers
Like and subscribe for more ideas.
Thanks.
SOL AnalysisHello,
I'm opening a trade long for SOL
I'm expecting a breakout and I'm aiming for a quick profit of around 3%
Aiming for the circled area and red line. DYOR
SOLANA At 2:37 am today, the cryptocurrency market experienced its most catastrophic crash in history, yet it has gone largely unnoticed... for now.
The silence is deceptive, as the ramifications of this event will soon resonate throughout the market, leaving no investor unscathed.
The clock is ticking, and the world is about to witness a seismic shift in the crypto landscape.
SOL analysisI'm expecting a breakout from this trendline. I will be chasing the lower trendline that can become a support. Stop loss is placed at the recent high, which I am expecting that it will be not reached.
