Sol on another bull Run the support held and we seeing another bull Run looking out to see Sol break the resistanceLongby NinoFx102
Solana Solana update on the weekly. i see a possible ripsaw, on this contraction phase that came down first, now up confluence with a measured move or H&S indicating a possible downtrend, next. As we hit the monthly target. Due to market structure, a HL is next to the possible neckline of pa breaking out or falling back to a double bottom. #sol #solana CRYPTOCAP:SOL #crypto #technicalanalysisby awakensoul_3696
Sol fighting for .382Sol is fighting for the .382 fib level and has been rejected multiple times. A small trend has formed on this green line. A demand provides support. 4 Hour RSI is cooling off and likely needs a bit longer before another upward move. If BTC behaves I think we see 67$ soonish.Longby Apollo_21mil12
Solana and a few steps down...It seems that Solana has decided to go up with the "head and shoulders pattern" and comes down with the same pattern. A head and shoulders pattern is forming. If this pattern is formed and confirmed, the price will drop to around $52.50. Unless something extraordinary happens. Of course, these few steps down are very necessary and good in my opinion. Moving with this momentum is very dangerous. Anyway, I like Solana's moves. It moves very wildly. *** In my opinion, after this "head and shoulders", we will probably have another "head and shoulders" on a larger scale...by Farid-110Updated 4
CoinsComparison of DXY to a bunch of coins. You can update the time frame to view relative performance over the past 24h, 7d, etc. Gives an idea of how coins are performing relative to each other and also the dollar.by tangent100
SOL Nice Inverse H&S Setup. Get past 26. 36-50 is TargetNot financial advice. All charts are made on current market conditions Pretty simple here Get past 26.00 we could be aiming for mid 30's and as high as 50.00 for completion of inverse head and shoulders which was a 91% head to neckline. Trading ideas moving forward Either entry now(It's up to you) Or option #2 Wait til we get past 26.00 and hold that as support with mid 30's and 50.00 as targets. Always Practice Patience #PIK Patience Is Key #TLAW Think Like A WhaleLongby ThinkLikeaWhaleTLAWUpdated 4411
Is Crypto Back??Unless you've been living under a rock recently, you're probably familiar with the recent excitement that the crypto sphere has seen. Bitcoin ripping to 36k Ethereum roaring back to ~2k and Solana back up to ~$65 Much of these recent gains have come off of the back of what appears to be imminent Blackrock Bitcoin ETF approval, which has caused speculators to buy in advance of what could be widespread institutional adoption. However, there's hardly been a blip in the mainstream media. Sure, financial outlets are carrying word of the recent rallies, but almost no mainstream outlets seem to have picked up on it yet. Our families aren't talking about it. Our friends aren't talking about it. Buying now seems like it could be a good time to get ahead of the curve for the potential future run that many have been predicting since the crash that began almost 2 years ago. Thus; there are two questions. 1.) is a rally coming? and 2.) what should you buy? Let's start with 1. The technicals are in favor of further upside momentum. Solana, Bitcoin, and other massive coins have done extremely well over the last month or so: Bitcoin: Ethereum: Doge: This means that momentum is solidly positive for the first time in a long time. Sure, there was some strength in the beginning of the year, but this 'feels' different, as many levels, like Bitcoin 30k, have been broken to the upside for the first time in a while. Additionally, breadth has been great. There are some concerns about overheating, and it does seem likely that (barring a massive rally), things will consolidate before heading higher in another leg. Thus, there's really only one question: What should you buy? In crypto, there's a common theory about the flow of money over a cycle. 1.) Bitcoin goes up 2.) followed by blue chips 3.) followed by DeFi 4.) followed by pure trash As things progress, people take more risk and go into more risky areas. In our view, the bitcoin-led segment of this rally still has some room to run, which means that it could be time to grab some blue chips and defi projects you like in order to capitalize on when the rally becomes more 'speculative' in nature. Here are the top projects we're watching - AVAX (beaten down L1 with big RWA - real world asset - potential given the recent JPM news) - MATIC (beaten down ETH L2 with massive Biz Dev prowess) - ATOM (alternative L1 ecosystem gaining traction and adoption) DeFi - GMX (high quality DeFi perpetual futures exchange) - THE (top dex on the BNB chain with tons of revenue and a relatively cheap market cap - BIFI (the best yield aggregator for liquidity providers) Some would put Solana in the Blue-Chip category, but the risk is simply too high with this one, in our mind, especially due to the revelations from the SBF trial, with some claiming that FTX could turn it off and on at will. We may miss out on some gains if it does well, but hey - that's life. Things are hot right now, so waiting for things to come back towards median before launching again seems like the best course of action, from a risk-reward perspective. Good luck out there! Looking for more high-quality trade ideas? Follow us below. ⬇️⬇️by PropNotes3310
Solana ShortSolana is due for a pullback after a nice run up, nice and simple, pullback where bears and bulls fight to see market reversal after long bear market. I believe this is easy money then look to take a long position as the bull market seems imminent Shortby rayd4561
RALLY COMING TO AN END. For now..SOL showing impressive strength so far this year. Feels overextended, looking for shorts in the $60+ area. Late longers will be punished, bottom buyers will panic sell; and i will buy back in. 2024 will be BIG.Shortby GrevlingUpdated 9923
Will SOL Price Reach $100 This Month?Recent Bullish Trend: SOL price has seen a significant overnight jump of 15.20%, continuing its bullish trend. Cathie Woods' Endorsement: Cathie Woods of ARK Invest praised the speed and cost-efficiency of the Solana blockchain, positively impacting its market perception. Price Targets: The immediate target for SOL price is approaching $75, with a long-term goal set at $100. Bitcoin Spot ETF Influence: The nearing approval of the Bitcoin Spot ETF is contributing to a bullish sentiment in the crypto market, positively affecting altcoins like Solana. Ethereum vs. Solana: Cathie Woods highlighted that Solana might soon overtake Ethereum as a cheaper and faster alternative, given its recent advancements. Trading Volume Surge: Following a channel breakout, SOL has experienced a substantial increase in trading volume, fueling its uptrend. Long-Term Trend Reversal: Analysis of the 1W chart shows a long-term trend reversal in Solana prices, with dominant bullish candles indicating a 200% jump in the last five weeks. Rounding Bottom Breakout: The SOL price action in the weekly chart shows a rounding bottom breakout with a neckline at $60, increasing the likelihood of reaching $100. Current Trading Price: As of the report, SOL trades at $64.80, with increasing trading volumes supporting the sharp price hike. Technical Indicators: The daily Relative Strength Index (RSI) is in the overbought territory, suggesting a strong bullish trend for SOL. $100 Price Possibility: With the market recovery gaining momentum and increasing demand for altcoins, the chances of SOL price crossing the $100 mark are improving. Potential Price Movements: If the bullish rally sustains, SOL could surpass $75 and test $100. Conversely, a downside reversal under $60 could drop the prices to $50. Longby Coinpedia-Market-Insight3
SOL / USDT - BearishShow some weak signs: 1: Divergence in 1 Hour Timeframe 2: Dailly resistance 3: Previous high in 1 Hour 4: Faraway from 200 MA and VWAP Target Correction to 58 or 200 MA Shortby K_M_M114
Is it a Good Time to Invest in SOL?Solana has overcome the peak of market FUD, highlighted by news of the bankrupt FTX exchange holding over $1 billion in SOL tokens. The market digested this setback smoothly, and even the token sales involved in FTX’s legal case didn't plummet SOL's price. Following this, the news landscape around Solana began to stabilize and even shifted to a more positive tone. For instance, Solana Labs recently initiated an incubator to draw startups to its blockchain platform, aiming to entice developers from other blockchains. Activities include a hackathon and an accelerator program for projects in AI development. The company also continues to form significant partnerships with other projects. In late September, Visa integrated USDC stablecoin payments via the Solana blockchain, and shortly afterward, Solana Pay was incorporated into Shopify. An additional contributing factor to the network's rising popularity is the increased transaction fees in EVM networks. While Ethereum's Gwei was around 8-12 during the summer, it has now escalated to over 30+. These elevated fees have made users hesitant to use the Ethereum network, positioning Solana as an appealing alternative. Solana’s TVL Increases Slower Than Its Price Data from the analytical resource DeFiLlama shows that the Total Value Locked (TVL) in the Solana network is currently $538 million. Solscan reports this figure at $215 million, but it does not account for many decentralized applications. More crucial than the absolute figure of the locked funds is the rate of increase. While the SOL cryptocurrency's price soared by 150% in three weeks, the TVL only saw a 75% rise. Since roughly half of the funds in DeFi protocols are locked in SOL coins, the rise in the dollar equivalent of TVL could be simply attributed to the increase in SOL's price. This trend suggests that DeFi user activity has not grown significantly, and the price increase in SOL is primarily driven by retail investors. Insights The all-time high for the cryptocurrency is at $260, and the asset is currently far from reaching this level. A similar situation is observed with the TVL indicator: its all-time high was $10 billion, which is 20 times greater than the present figures. This disparity suggests room for further growth in SOL's price, but this would require an increase in activity within the DeFi sector, not solely from speculative investors. Additionally, it's worthwhile to pay attention to tokens within the Solana ecosystem related to decentralized exchanges, lending protocols, NFT projects, and others. When the SOL price is stagnant, these assets can demonstrate significant growth, offering greater short-term potential than the main SOL coin. Regarding the overall uptrend, it's expected to persist as long as there's a rise in Bitcoin (BTC). Longby DEXWireNews5
Solana Price Ready For A TakeOff To $100Current Price Stability: SOL price is maintaining its position above the $50 mark, indicating potential for further growth towards $75. Significant Price Jump: Solana has witnessed a remarkable 168% increase in the last five weeks, showcasing a strong bullish trend. Potential for $75 Breakout: The current momentum suggests that SOL could break past the $75 mark, aiming for $100. Resilience Post-FTX Incident: Despite the challenges related to the FTX fiasco, Solana has demonstrated resilience and strong recovery, outperforming Bitcoin with a fourfold return. Market Reaction to FTX’s SOL Liquidation: The market has effectively absorbed the supply from FTX’s SOL liquidation, supporting the price stability and growth. Rounding Bottom Pattern: The SOL price chart shows a rounding bottom pattern in the 1W chart, indicating a solid trend reversal. Current Trading Position: SOL is trading at $58.89, with a 3.91% increase in intraday growth, forming a bullish engulfing candle. Technical Indicator - RSI: The daily Relative Strength Index (RSI) is in the overbought territory, maintaining a positive trend and signaling strong bullish momentum. Prospects of Reaching $100: The ongoing uptrend and market recovery enhance the likelihood of SOL price surpassing the $100 mark, especially with increased trading volume. Short-Term Price Targets: If the bullish trend continues, SOL could soon surpass $60 and test the $75 level. Downside Risk: A potential reversal below the $50 mark could lead to a price drop towards $40.Longby Coinpedia-Market-Insight5
SOLUSD: Thoughts and Analysis Today's focus: SOLUSD Pattern – Failed high and HL. Support – 51.71 Resistance – 57.70 - 58.20 - 59.00 Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart. Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61. There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up. Good trading.04:50by Eightcap8
SOL's lifetime price charts indicate...Look at the FIBs and consider how market structures and historical indicators are probably pseudo-science. We might be seeing a floor forming at these prices for SOL's LONG holders. Longby cnote562
inverse scallop to ~$74Looks like our consolidation has made an inverse scallop. These usually take off pretty quick after finding their level. Also a very good sign for bullish continuation usually. Possible bottom as low as ~49. Longby MtGoxFX6
SOL Bigger Picture Bearish MacroCould pump to $68 and trap bulls higher if Market Makers decide that is where they want to distribute the top for wyckoff distributionby atorrealbaUpdated 7716
SOLUSDT SHORT IDEA 4Hsolusdt break from a consolidation level as marked below and then rallied and it has now confluences to short-created lh enter only if it breaks prev hlShortby arslankkhan1942
SOLUSD 1D View 12 Nov 2023Short term retracement signal on overheated SOL rally (>2.618 Fib extension reached without a meaningful retracement). Market trend remains bullish, continue to observe market sentiment to interpret SOL direction.Shortby the4amlifestyle1
SOL will see 136 $SOL has crossed the weekly resistance level. we can see ichimoku cloud break out too. I predict that SOL will come up to 78 in near future and then it will go up to 136.Longby mohammadmirfarsi117
DON'T buy #solusdt here, just wait ... Hi guys, as you can see in the chart, the correction wave (c) is not yet completed and continues to $19 or $6.3. so i recommend you if you wanna get a position just get short position and if you wanna hold this crypto currency wait until this wave completed. this chart will be update when price get there. If you agree with my analysis or you are happy, please hit the "like" button and "follow"! Shortby melikatrader94Updated 191954
Sol ToppedSol finally looks like its topped going off this channel. Will be looking for the rest of the market to cool off soon too, with a low of SOL going to $30 region with bounces on the wayShortby Dakku340
Solana Skyrockets to New Highs! Seize the OpportunitySolana, the rising star of the crypto market, has just hit a new milestone by surging above $45, accompanied by positive MACD moves. This is an incredible moment for all of us, and I encourage you to seize this golden opportunity to long Solana! The recent surge in Solana's price is nothing short of remarkable, and it's a testament to the immense potential and growing demand for this remarkable cryptocurrency. With its lightning-fast transactions, low fees, and robust scalability, Solana has set itself apart from the competition, captivating the attention of both traders and investors alike. Now, with the price soaring to new heights, it's time to ride this wave of success and maximize our potential gains. The positive MACD moves further reinforce the bullish sentiment surrounding Solana, indicating a strong upward trend. This technical indicator, combined with the fundamental strength of Solana's ecosystem, creates an irresistible opportunity for traders like us to capitalize on this upward momentum. So, what are you waiting for? It's time to take action and make the most of this thrilling moment! Here's your call-to-action: Long Solana now and position yourself for potentially massive profits. By going long on Solana, you'll be joining a vibrant community of traders who share your excitement for this revolutionary cryptocurrency. Remember, successful traders are those who recognize and seize opportunities when they arise. Solana's meteoric rise presents an ideal chance for us to ride the wave and potentially reap substantial rewards. Don't let this moment slip away! To get started, I recommend conducting thorough research, analyzing the market trends, and formulating a sound trading strategy to ensure you make informed decisions. Consider setting stop-loss orders to protect your investments and always stay updated with the latest news and developments surrounding Solana. Let's embark on this exciting journey together and make the most of Solana's incredible surge! Long Solana now and position yourself for a potentially profitable ride. Wishing you all the best in your trading endeavors! Longby bryandowningqln4