Possible Trend Reversal SOL 1h IdeaExploring SOL breaking out of the previous descending wedge. Diversion towards upward movement on the hold of a brand new trend line, looking for validation Also coping...by ge0onchainUpdated 4
solana one more leg down on the 1 hour?one more down for sol? after the bounce we needed see what the chart telling us, butt the most likely is the bluecount on the 4 our chart is playing out.Shortby martinhoeksema8334
My opinion about the price reduction SOLUSDAccording to my strategy, the price reduction signal has been issued.Shortby alidashtbeshUpdated 115
SOL/USDC - Daily ChartIt looks like Solana is finally ready to take a breather & hopefully pulls back! The reason I say “hopefully” is because a parabolic like run up in price action for so long without retesting previous resistances & officially flipping these levels as support is unhealthy. Sure it’s fun & all, but that fun will not last. The faster we go up without retests = the faster we’re going to fall & that much easier to plummet down with little to no support. The longer price stays at or hits a certain level, the harder it becomes to break that level! Last bullrun CRYPTOCAP:SOL shot up from $20 to over $200 in a short period of time, it wasn’t the most healthy run up due to a lack of retracements confirming solid support level… and what happened? Price action fell back down, cutting through what little support we had like a hot knife through butter! Solana isn’t necessarily in price discovery as we’ve seen these levels before, BUT we haven’t seen them for long! I.e., CRYPTOCAP:BTC at 21k & 30k & 48k = a lot of activity basically means a lot of trades were places & a lot of money was passed around near these zones. Now CRYPTOCAP:SOL on the other hand… does not have these confirmed price levels to act as a floor. This means it’s going to be pretty easy to fall right back down with little/less hope of bouncing off one of these “floors.” Shortby PlanDeFi111
Bull run of SOLANA MIGHT NOT BE OVER YET!!A triangle has just been broken. Head and shoulders forming and confirmed by volume.Longby keep_it_simple7719
SOLANA THE RUNNER Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.Shortby TrojanBible3
SOL/USD Quickie - Target $159Bullish Flag appears to have broken into bottom of Ichimoku resistance cloud, and will likely continue upward through the top to begin a rally after breaking through the cloud, then upward to our target to complete the results of the bullish flag from the days before.Longby Tin.Foil1111
Could $SOL be ready to make a move back to the yearly ATH?CRYPTOCAP:SOL has broken out of a falling wedge on the 3H and might be heading back up to retest the previous yearly high. Keep in mind this could get rejected due to the red cloud around the 109.45 area. NFA Longby tvofinvesting112
SOLI still believe SOL can run range highs from here up to 133 or so next. So long as continues to close above mid range, 133 comes next imo. Looks to be catching bid now atop mid range, and confluent with h1200ema.Longby jhonnybrah0
newThis is a chart of my recent trade This is a chart of my recent trade This is a chart of my recent trade This is a chart of my recent trade This is a chart of my recent tradeby BvGG1
#SOL_USDI spot key support around $10 if wave 2 brings some upside relief. But ultimately my fib projections point to another gut-wrenching plunge to tag the $5 area before this nasty bear shuts its jaws. If my cryptography proves correct, the next bull run could take Solana up 10x from those lows! Join me crypto cowboys and cowgirls! Smash those like and subscribe buttons for more money making insights and analysis. Just remember this bear won't last forever. We'll be riding the bull again soon enough! #Solana #Crypto #ElliottWave #TechnicalAnalysis #BearMarketShortby Mr16K131338
Solana (SOLUSD) Potential Bullish ContinuationSOLUSD Potential Bullish Continuation Following Falling Wedge Formation A substantial falling wedge pattern has emerged on the chart, a pattern typically associated with bullish continuation. Price movements have converged within the wedge's upper and lower trendlines, suggesting a potential accumulation of buying pressure, possibly indicating the end of the correction. The recent bounce from the EMA200, in alignment with the 0.382 Fibonacci retracement level, adds further support to the potential bullish continuation scenario. Currently, the price is moving between the EMA50 and EMA200, indicating potential consolidation before a breakout. Key Levels: Support: EMA200 (Green line) - A breach below this level may invalidate the bullish pattern. 0.382 Fibonacci retracement level (approximately $102.37) - A break below could signal further downward potential within the Support levels area. Resistance: Upper trendline of the falling wedge (blue line) - A breakout above this line could validate the bullish reversal, signaling potential upward movement toward the wedge's apex within the resistance levels area. Trading Bias: Bullish with Caution: While technical indicators and the pattern suggest a potential upside, confirmation is crucial before initiating a trade. Trading Strategy: Consider waiting for a breakout above the upper trendline of the falling wedge to confirm the bullish continuation before entering a long position. Alternatively, a conservative approach involves waiting for the price to close and consolidate above the EMA50 to mitigate the risk of a false breakout. Happy New Year from Manolisby MANOLIS3312
Solana- Will down to Almost 50% price correction ?Solana is still outperforming other cryptos and has a lot of potential for the price to go ATH. It has completed wave iii and has been heading towards wave iv. The wave iv is a 38% fib ratio of a wave iii and the next likely target is around $59. by sanv-TPD111
SOLSolana is reached to a heavy supply area that price can react to this area a make a correction Shortby arashmalekisani114
BUY SOL INSTEAD OF ETH (DEC 2023)Which one would you choose to purchase, ETH or SOL? Personally, I'd opt for SOL. In the upcoming bull run, I anticipate SOL will surpass ETH in performance. While I acknowledge ETH's excellence, I'm considering the possibility of a superior alternative.Longby Ehsan_130711
An Opportunity for Buyers as DEX Volume Skyrockets Fuel Growth Are you ready to ride the wave of Solana's remarkable resurgence in the world of decentralized finance (DeFi)? Recent developments on the Solana network paint a compelling picture for potential investors, signaling a golden opportunity to capitalize on the platform's thriving ecosystem. 1. Explosive Growth in DEX Volume: Solana's largest decentralized exchanges have witnessed an astounding tenfold increase in liquidity since October 17. According to Dune Analytics and DeFiLlama data, December's decentralized exchange (DEX) volume on Solana has surpassed the previous monthly high, nearly tripling the figures from November. This surge comes hot on the heels of two substantial airdrops, with another one looming on the horizon. 2. Closing the Gap with Ethereum: Solana, once seen as a distant contender, is now narrowing the gap with DeFi's mainstay, Ethereum. December saw Solana's DEXs outpacing Ethereum's in certain week-long periods, a significant feat considering Ethereum's historical dominance. In the past seven days alone, Solana's DEX volume surged by 26% to approximately $5.8 billion, positioning itself as a formidable player alongside Ethereum. 3. Airdrops as Catalysts for Growth: The recent success of Solana's DeFi can be attributed in part to sizable token airdrops from prominent protocols like Pyth and Jito. These airdrops, amounting to millions of dollars, injected vitality into the ecosystem, resembling DeFi's equivalent of stimulus checks. Jito, in particular, faced challenges from sybil abusers, leading to the implementation of robust anti-sybil measures to ensure fair distribution. 4. Jupiter Aggregator's Role: A significant portion of Solana's recent DEX trading volume flowed through the Jupiter aggregator, emphasizing its crucial role in optimizing prices with minimal slippage. Notably, Jupiter has announced its plans to launch its token, with 40% earmarked for a community airdrop. This move aligns with a proven strategy, as seen in Ethereum's DEX volume growth following a Uniswap airdrop in September 2020. 5. Liquid Staking and Recent Developments: While DEX interest soared, liquid staking on Solana experienced a temporary slowdown. A Dune Analytics dashboard indicates a slight decrease in the total amount of Solana staked in the past week. Jito, the second-largest liquid staking protocol, witnessed five straight days of cumulative outflows, suggesting a shift in investor behavior. In conclusion, Solana's DeFi ecosystem is not only rebounding but thriving, presenting a compelling opportunity for potential buyers. The combination of surging DEX volume, successful airdrops, and strategic initiatives like the Jupiter aggregator and upcoming token launch makes Solana a dynamic force in the ever-evolving world of decentralized finance.Longby DEXWireNews3
Solana vs EthChart showing sol vs eth since 12/22/23. This chart proves ethereal is dying and steak and eggs will be awardedby Ebaum55115
I like SOL, good blockchain imoLets see if it can re-trace at least back up to ATHsLongby MalongsUpdated 3
$SOL FractalCRYPTOCAP:SOL fractal, target is fib 3.618. I reallY hate this min char count to get an idea published. How about have a "Journal Mode"where its just viewable to me with an option to post later with notes and timestamps?by K9018
NEEDS FUEL Overextended after huge run. FIB retrace is imminent before making new ATH the next bull run. by GOOOST3
SOLANA GOING TO 150?Technicals are showing it at the last phase of bull run. Within a week it may go up to 150 . It is possible. Longby rakeshgade1110
Trade in two directions(SOL)❤️❤️Thanks for boosting 🚀 and supporting us! 📈I think we are close to the end of the uptrend and we need to correct. 📊According to the analysis, you can take a position in two directions. 🔗 For more communication with us, In the footnote and send a message in TradingView. 👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.by ahmadarzUpdated 11
My New Strategy says Solana going up to resistance level My New Strategy I did back test my strategy have %80 accuracy > Solana may touch resistance level or break resistance level if we get high volume.Longby iioi74ddt2210