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SOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap ContractSOL / US Dollar Perpetual Quanto Swap Contract

SOL / US Dollar Perpetual Quanto Swap Contract

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SOLUSD.P trade ideas

Solana's Triangle Breakout Rally Could Reach $250Triangle Tension: SOL is currently compressing within a triangle pattern, indicating a critical juncture that could lead to significant price movements. Support Stress: The ongoing retracement is putting pressure on the long-standing support trendline, heightening the stakes for future price direction. Resistance Hurdles: Solana faces challenges at the overhead resistance trendline, with recent actions failing to break above the $150 psychological mark. Bullish Break Potential: A successful bullish break from the triangle pattern could propel Solana towards the $200 mark in the short term. Bearish Warning Signs: The MACD indicators are nearing a bearish crossover, suggesting potential downward pressure that could threaten the current support levels. Market Cap Context: Despite a recent 3.26% drop, Solana's substantial market cap underscores its significant position in the cryptocurrency market. Intraday Insights: A minor intraday rise of 1.30% suggests bearish exhaustion, hinting at the possibility of a pending bullish reversal. Critical Crossroads: Solana's price at a pivotal crossroads captures market attention, with significant upside if the bullish momentum takes hold. Downside Risks: If the bearish scenario plays out, Solana could see a decline towards the $100 support level, marking a crucial test for the token's resilience. Long-Term Aspirations: Optimistically, a sustained uptrend could see Solana reach up to $500 by 2024, pending overall market conditions and breakthroughs above key resistance levels.
BINANCE:SOLUSDLong
by Coinpedia-Market-Insight
1
SOL/USD potential bullish bounce off overlap support?Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 138.77 Why we like it: There is an overlap support level. Stop loss: 128.26 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 153.98 Why we like it: There is a pullback resistance level. 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.
VANTAGE:SOLUSDLong
by VantageMarkets
1
✴️ Support Weakens | Solana To Crash Below 100A trend following system uses a moving average as the main tool to generate trading signals for a system trader; the moving average is like the holy grail of technical analysis, together with the RSI. The moving average that is active on this Solana chart is ema100; blue line on the chart. Notice how Solana (SOLUSD) becomes bullish September 2023 as soon as it breaks above this indicator; a test happens in October 2023 of ema100 as support and it holds. From October 2023 through March 2024 Solana moved straight up, trading safely above ema100. Now... Everything changed! ➖ The market sentiment change; ➖ The short- to mid-term direction changed; ➖ Solana is now bearish for almost two months! 👉 ema100 is the last and critical support at $140. If this level breaks, expect a sudden and fast crash below $100 next. Thank you for reading. Namaste.
CRYPTO:SOLUSDShort
by AlanSantana
5
Solana Slides on FTX Liquidation, Open Interest DropsSolana ( CRYPTOCAP:SOL ) has experienced a drop in price due to renewed concerns over FTX liquidation, leading to a decrease in trading activity and a significant drop in open interest. The token, known for its high speed and low fees, has shown resilience amid the ongoing FTX bankruptcy. However, the price has dropped due to renewed concerns over FTX liquidation, resulting in a decrease in derivatives trading volume and a 5.53% drop in open interest. In the last 24 hours, Solana ( CRYPTOCAP:SOL ) witnessed $7.61 million in total liquidations, with long positions accounting for $4.7 million and short positions for $2.91 million. Long-short ratios on Binance and OKX indicate traders' optimism about a potential rebound, while technical analysis shows bullish signals. Solana's technical indicators show a predominantly bullish sentiment, with both the 10-day Exponential Moving Average (EMA) and the Simple Moving Average (SMA) signaling buy. However, longer-term moving averages, including the 30-day EMA and SMA, indicate potential resistance at higher levels. Oscillators are generally neutral, with the Relative Strength Index (RSI) at 48.35 indicating neither overbought nor oversold conditions. Technical indicators reflect current market sentiment rather than predicting future movements. Solana ( CRYPTOCAP:SOL ) has been battling ongoing congestion issues, largely caused by increased DEX volumes. Understanding Solana's technicals provides insight into the market's reactions to SOL's FTX sales, which is crucial for both traders and investors in the SOL ecosystem.
COINBASE:SOLUSD
by DEXWireNews
SOL Potential Further DownsideSOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115. Price action has been consolidating after a recent decline, potentially forming a double bottom pattern. Fibonacci retracement levels (not shown, but recommended to add to your chart) suggest a measured downside target near $115. The failure to break above resistance indicates continued weakness in the market. Risk/Reward: The potential reward-to-risk ratio favors a short position, with a target of $115 and a stop-loss placed slightly above the recent resistance level. Then hey, if we're lucky, up to $340.
COINBASE:SOLUSDShort
by kakola
1
SolanaHello to all dear traders. I am happy to be here and analyze cryptocurrencies for you. Based on my analysis, Solana looks like it needs further correction after the new price ceiling is fixed. The currency will move higher to reach the approximate price range of $200, due to the need to attract liquidity. Like Bitcoin, this currency will probably experience weekly and daily correction. After these corrections, Solana will decide whether to move up or down. With thanks for your attention. #Smart money concept #liquidity #hunter
BINANCE:SOLUSDLong
by fereydoon1199
2
Solana/ U.S. Dollar _Under_ Trading _ Venue_ Coinbase: Solana/ U.S. Dollar _Under_ Trading _ Venue_ Coinbase: Once Retest is completed we will expect he following prices! Red area require a correct retest as a fake retest over the 3rd of May that supported over 30th of April! Should take 2 days for the Retest! If lower retest is not done then following strategy must be applied: (1) Prices require to confirmed above day 7 ( week 1) (2) Retest must hold within the key level of $154.69 (3) Further support confirmation over 8th, May. Then it's good for breakout and higher as below! Prices already confirmed as follow: New support over week 1= $160.20 $162.66 $163.83 $164.93 $165.69 $166.79 $167.14
COINBASE:SOLUSDShort
by Skill-Knowledge-Conduct
3
Solana Price surged 5% Despite Whale Activities Solana ( CRYPTOCAP:SOL ), a cryptocurrency, has experienced a 5% increase in value today, driven by significant on-chain activity and ecosystem growth. The market cap is down by 1%, but Solana's price has risen by 5.5% to $153, with a $69 billion market cap and a $3.2 billion 24-hour trading volume. The central driver behind Solana's recent success is its overtaken Ethereum in 24-hour on-chain trading volume, indicating growing interest in Solana's ecosystem. Solana consistently outperformed Ethereum in on-chain volume as it advanced toward its local highs in Q1 2024, but activity dropped in recent weeks. However, new data suggests momentum is returning, enabling today's strong performance. SOL has been displaying strength against Ethereum, with PaikCapital speculating that it could continue to outperform the second-largest cryptocurrency. Since then, SOL's value has increased over 3x compared to ETH's. Santiago R Santos, a renowned commentator, believes that Solana is the most retail-friendly chain, making memes should do well. As the SOL price increases, holders will take profits and rotate into smaller on-chain projects, vying to compound their gains. One of the hottest new Solana tokens is Sealana, a seal-themed meme coin that has raised over $250K so far. High-profile industry figures are also bullish, with Jacob Bury speculating that Sealana holds 10x potential and could be the "best crypto to buy now." Sealana is inspired by the foul-mouthed cartoon show South Park, reflecting a bright future for the new token. However, the Sealana presale has no predetermined hard cap, so potential investors must act quickly or risk missing out. Whale Alert, a platform tracking large crypto transactions, reported four significant transfers of Solana (SOL), igniting speculations in the crypto sphere. In the latest transaction, an unidentified whale transferred 298,000 SOL, valued at approximately $46.24 million, to Coinbase. Following that, another anonymous whale moved a staggering 1.56 million SOL, equivalent to around $242.26 million, to the same exchange. Speculations over the impact on Solana's price have ignited speculations regarding the motives behind these transactions and their implications for the broader market. Despite the massive transfers, the Solana price has maintained upward momentum today, with the Solana price up 4.55% and trading volume soared 79.72% to $3.14 billion.
COINBASE:SOLUSDLong
by DEXWireNews
1