Thar She Blows...Expecting a big correction to take place obv...chance I'm 1 high off but fractally the top can be in...so I'm taking a punt here.
SOLUSD.P trade ideas
Solana flagWelcome to the Solana flag.
Solana has formed a bullish flag pattern and will surely touch $300 this week and if the market agrees, it will rise to $330 and eventually to $350.
WAIT for more confluences if you are going to trade !!! If the current price action cannot make you bullish on Solana, nothing can. I am heavily investing in Solana because fundamentals and technical are both so strong. Solana is going to go up. BUT, if you are trading, I think it is good to wait a bit longer.
The price moved very quickly from $169 to $295 (all time high) and pulled back to $231 at Fib 0.5. level . It is now starting to move up, but I won't be going to open a long position yet for the following reasons:
1) 4H stochastic has already reached the overbought territory. Therefore, there is a good probability the price might have another minor pull back before taking off.
2) 4H MACD is about to cross and point upwards, but in a situation like this, the lines often fail to cross and the downward price move can resume. (minor pull back) I will wait until the lines properly cross and move upwards in the bull zone and green histogram shows up.
3) The price has retraced to Fib 0.5 and bounced up, which is a very healthy pull back. However, it needs to move above the $264 area which was the major resistance area in Nov 2024 and also it is the current Fib 0.236 level , which is the last line of defence for the bear.
Fib 0.236 is a very stubborn line. Unless it has enough momentum and/or volume, a chance of another pull back is reasonably high.
I am bullish on Solana . I am confident that the price will start to move much higher. However, if I decide to swing trade, I like to wait for enough momentums to build up so that the price will move to the direction of my bias without being caught in the range bound/whipsaw.
SOL Broke ATH!!! Will It Continue?Solana is showing a great rejection in the near term, the whole chart is showing SOL breaking All Time High (ATH), will it continue up? I believe so, Trump is making things happen in the crypto industry, lets see how it continues up
weekend pump on SOL seems probableWe are consolidating heavily after a massive upward leg of SOL, creating a new strong support line of 240-250 dollars per SOL. This is healthy and good for long term growth, meaning that in case of future dumps from 300+ SOL, this area is likely to serve as strong support.
Seeing a lot of impulse for a weekend pump to new ATH and 300$+ per SOL
Solana Down then Up. Retest of the breakout. 200 area targetMy theory is we go down first before going up. We finish this ABC correction and touch down to the 1.618 retracement lvl. I put the retracement lvl from the bottom of A to the top of the breakout to get the retracement levels.
The 1.618 lvl touches the trendline and we get a proper retest. I know we have a wick that came down and touched. But I am not entirely convinced that is enough.
Afterwards we have a trend based fib extension that I drew on the right to measure the next big macro move. targeting 700 area. ( not immediate move) but the macro.
Theories and Ta used.
Elliot wave, fib retracement , trend based fib extension
SOLANA is struggling with 2021 ATHSOLANA is struggling with 2021 ATH.
In 2021, we saw TRADENATION:SOLANA hit $160 zone. If you zoom in on your chart like mine, you will realise why this baby is fighting tooth and nail to break that barrier.
It has pushed above that $260 zone X3 but has been closing below.
Should we expect this asset to fall back to the $222 zone?
My thoughts are on my chart.
Trade with care
Solana ($SOL) - ATH Break-Out - A Bull To RememberTRADENATION:SOLANA and I are good friends.
I called the ultimate #Support and went #Bullish on $SOL.
Went #Long on COINBASE:SOLUSD ever since 10, then 15, then ramping the the #Bull on 145.
* see related idea for details.
Cashed in at 250, was the #ATH and had doubts, seen the #Correction coming.
What's next for BINANCE:SOLUSDT ?
A Massive #Pump, that's what!
TRADENATION:SOLANA will become Number 3 on #TotalMarketCap ( CRYPTOCAP:TOTAL ), mark my words.
Why? Why will TRADENATION:SOLANA pump?
It's quite simple actually.
It's all about the MARKETSCOM:BITCOIN pushing #MarketSentiment up.
But even BITSTAMP:BTCUSD will need to provide some #Correction, and that is seen on the CRYPTOCAP:BTC.D chart.
There will be some wild #Swings on #BTC.
I believe that with the #AltSeason and #AltCoins Cycle starting, CRYPTOCAP:SOL will bloom.
That's because of TRADENATION:SOLANA connection with the #Solana #Meme Coins Ecosystem.
CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 are about to shoot.
Billions printed, coded #MemeCoins.
COINBASE:SOLUSD - #TechnicalAnalysis
- #ElliottWave: Wave 4 Complete
- #RunningFlat at #ATH
- #Break-Out
- Wave 5 Confirmation
My CRYPTOCAP:SOL Buy Levels
- Entry @ 240
- SL @ 140
- TP @ 500
SOL Update: Inverse Head and Shoulders - Target $306SOL printing a textbook inverse head & shoulders… breakout above $266 sends us to $306, then $379+. Bulls are in control. Chart is screaming up-only. 🚀
Long term Solana Chart for bull run planwhere's the top?? somewhere in the grey box with time and price areas and the fib from last cycle high to low to extend upward. 6.18s again are some best areas, but any 212 414 may work so ladder out the end of summer pow! again, or...or... different cycle due to BTC President??
Will Trump continue to increase Solana?Hi all, let's look at the 1W SOL to USDT chart, as you know there is a lot of confusion about Solana, because Trump announced that he is considering it for the US reserve. However, here we can see how the price is moving in a specific uptrend channel, in its upper limit which so far has not been able to be positively broken.
Let's start by defining the targets for the near future that the price must face:
T1 = 265 USD
T2 = 291 USD
T3 = 324 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 247 USD
SL2 = 236 USD
SL3 = 220 USD
SL4 = 200 USD
Looking at the STOCH indicator, we can see that we have bounced off the middle of the range, which has given rise to the current increases, and there is still room for the price to go higher, but considering that any event related to Trump can have a major impact on the market, one should be extremely careful.
SOL Target: $315🚀 **Solana primed for liftoff!** 🚀
📊 **Key Bullish Signals:**
🔹 **Double Bottom Confirmed** – Classic reversal pattern signaling strong upward momentum.
🔹 **Bullish Pennant Breakout** – Consolidation phase complete... now ready for explosive continuation.
🔹 **Volume Surge** – Buyers stepping in, reinforcing strength in the move.
🔹 **Target Zones** – $285 first stop... then $300+ in sight.
🔥 **If momentum holds, Solana is set to rip past $300 and beyond. The market structure is screaming strength... fade at your own risk!** 🔥
short term vs end of bull targetstwo cups and handles; short term target $500 and end of bull target $2500. let's see what this will turn into.
SOLANA - Buy Idea (Short-term)The short-term cycle is driving price action sideways in the last 3 days. After testing the solid last line of defense at $240, Solana has started to turn around. The cross-over the local resistance trigger of $250 is our que to jump into position. We've established a new bullish campaign, targeting the key-level resistance of $264.5
1k SOLYo! If you don't own any SOL yet, consider adding to your portfolio, it's not too late.
By end of month it has a good shot at reaching $300, and by eoy could be up 300+%.
It will not go straight up. I recommend a dollar cost averaging system. Buy a little bit every day or every week. Split up your capital, be patient and buy on RED days. When the days are double digit RED, buy more than normal and skip a day of DCA. Although President Trumps meme release skewed the market some, I have found that I do best buying on Tuesdays, Wednesdays and Thursdays. There are exceptions, but I believe this revolves around the pay cycles of most retail traders and investors.
Thank you for your time and let's hit it!
OnePath
SOL is aggressively coiling up, 300 USD Solana imminentSolana is being suppressed and it is getting angry. Some major shorts are keeping its price low while big spot buying is ongoing. Shorts were supposed to hold SOL price low or even flush it lower, yet something is not working out for the big forces shorting SOL as it is still in the long-term ascending channel. Any hour now, SOL is likely to break out violently and we will very soon see 300 dollars per SOL.
It is always scary to be bullish after a huge leg up SOL has recently done, but it seems for many SOL has validated its thesis that it may overtake ETH and we may have a corresponding mark-up for SOL price. SOL at the marketcap of ETH would be 820 dollars.
Make of that what you will, but the confuluence of TA, FA, momentum and metrics are a massive confluence.
My thoughts on Solana 01.21.25Here's what I think could potentially happen to CRYPTOCAP:SOL if bullish sentiment remains.
Waiting for a crisp movement from long and short near the marketCaution after highs. Being exposed in Solana stalking. Using USDC to fizz out hypothetical strong retracements
Solana's Pump fun Deposits $28M SOL Amid Class Action LawsuitSolana ( CRYPTOCAP:SOL ), a high-performance blockchain network, has found itself in the spotlight once again, thanks to its association with Pump.fun—a Solana-based meme coin launchpad. Pump.fun’s recent activities, including significant deposits and a federal class action lawsuit, have spurred discussions around Solana’s price movements and market outlook. This article explores the technical and fundamental aspects of Solana’s current state.
Pump.fun’s Controversial Operations and Solana Deposits
Pump.fun, a leading player in the Solana ecosystem, has facilitated the creation of over six million tokens. According to Lookonchain, Pump.fun recently deposited 116,055 SOL (valued at $28 million) to Kraken, bringing its total deposits to 1,901,332 SOL, worth approximately $386.8 million. These transactions, coupled with $41.64 million in USDC generated from SOL sales, highlight Pump.fun’s substantial influence within the Solana network.
However, Pump.fun is under fire due to a class action lawsuit filed by Burwick Law and Wolf Popper LLP. The lawsuit alleges that Pump.fun engaged in exploitative practices, including issuing volatile and unregistered tokens, and promoting hate speech on its platform. The legal scrutiny intensifies as reports reveal that Pump.fun earned $572 million in fees, yet only 0.41% of its wallets achieved profits exceeding $10,000. Critics argue that the platform disproportionately benefits a select few, while the majority of users incur losses.
Technical Analysis of Solana’s Price Movement
Despite the controversy surrounding Pump.fun, Solana’s price has demonstrated resilience. Currently trading within the $230–$250 range, Solana’s price action is consolidating after reaching a high of $290. This consolidation phase is pivotal, as it sets the stage for the next significant price movement.
Key Technical Indicators:
1. Support and Resistance Levels:
- Immediate support: $216
- Immediate resistance: $260 and $290
- A breakout above $290 could propel Solana’s price to $360, aligning with bullish projections.
2. Relative Strength Index (RSI):
- RSI stands at 58, indicating moderate bullish momentum.
- The RSI suggests that Solana is not overbought, leaving room for further price appreciation.
3. Chaikin Money Flow (CMF):
- CMF value: +0.05, reflecting sustained capital inflows.
- Positive CMF values indicate strong investor confidence and potential for further gains.
Fundamental Outlook for Solana
Solana’s ecosystem remains robust despite the challenges posed by Pump.fun’s legal issues. The blockchain’s high throughput and low transaction costs continue to attract developers and users alike. Pump.fun’s significant transactions underscore Solana’s role as a preferred network for large-scale operations, albeit with controversies.
The ongoing lawsuit against Pump.fun could have mixed implications for Solana. On one hand, increased scrutiny may tarnish its reputation temporarily. On the other hand, resolving these issues could lead to greater transparency and trust in the network.
Market Sentiment and Price Outlook
Solana’s current consolidation suggests that the market is waiting for a catalyst to determine the next trend. The following scenarios could influence its price trajectory:
1. Bullish Scenario:
- A breakout above $290 could lead to a rally toward $360, driven by continued capital inflows and bullish sentiment.
- Positive developments in the Pump.fun lawsuit could restore investor confidence.
2. Bearish Scenario:
- Failure to hold the $216 support level could result in a retracement to lower levels.
- Prolonged legal issues or adverse outcomes for Pump.fun could dampen market sentiment.
Conclusion
Solana’s association with Pump.fun has placed it under the microscope, but the blockchain’s technical and fundamental strengths remain intact. While the legal challenges surrounding Pump.fun add an element of uncertainty, Solana’s price action indicates potential for a breakout, provided it overcomes key resistance levels.
Investors should closely monitor developments in the Pump.fun lawsuit and Solana’s price movements. With its RSI signaling moderate bullish momentum and CMF values pointing to sustained capital inflows, Solana is well-positioned for a potential rally. However, caution is warranted, as external factors could influence its trajectory in the short term.
Will Solana (SOL) Reach $1000? Positive Momentum Beyonds Memes
Solana (SOL), known for its high transaction speeds and low fees, has experienced periods of significant growth and equally dramatic pullbacks. The question on many investors' minds is whether SOL can reach the ambitious target of $1000. While key technical indicators point to positive momentum, the network faces challenges that extend beyond the fleeting influence of meme hype. This article examines the factors influencing Solana's price trajectory, weighing its potential for significant growth against the hurdles it must overcome.
Technical Indicators Paint a Bullish Picture (For Now)
Currently, several technical indicators suggest positive momentum for SOL. The price consistently holding above both the 50 and 200-day moving averages is a bullish sign. These moving averages are widely used by traders to identify trends, with the 50-day MA representing short-term momentum and the 200-day MA indicating the long-term trend. When the price is above both, it suggests a healthy uptrend.
Other technical indicators, such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), can provide further insights. If the RSI is trending upwards without reaching overbought levels (typically above 70), it suggests growing buying pressure. A bullish crossover on the MACD (where the MACD line crosses above the signal line) can also signal a potential price increase.
However, relying solely on technical analysis can be misleading. While these indicators can identify trends, they don't account for fundamental factors like network performance, adoption, and competition.
Beyond Meme Hype: Fundamental Strength and Adoption
Solana's initial surge in popularity was partly fueled by meme coins and NFT projects built on its blockchain. While this generated significant interest and trading volume, it also created a perception of Solana being driven by hype rather than fundamental value. For SOL to reach $1000, it needs to demonstrate sustainable growth based on real-world adoption and utility.
Several factors contribute to Solana's fundamental strength:
• High Transaction Speed and Low Fees: Solana's architecture allows for significantly faster transaction processing and lower fees compared to networks like Ethereum. This makes it attractive for decentralized applications (dApps) requiring high throughput, such as decentralized finance (DeFi) platforms and NFT marketplaces.
• Growing Ecosystem: Despite facing challenges, Solana's ecosystem continues to grow, with new projects and developers building on the network. This expansion is crucial for attracting users and driving demand for SOL.
• Technological Advancements: Ongoing development and upgrades to the Solana network aim to improve its stability, scalability, and security. These advancements are essential for addressing past network outages and building trust among users.
Challenges and Roadblocks
Despite the positive momentum and fundamental strengths, Solana faces significant challenges:
• Network Stability: Solana has experienced several network outages in the past, raising concerns about its reliability. Addressing these issues and ensuring network stability is crucial for attracting institutional investors and mainstream adoption.
• Competition: Solana faces intense competition from other layer-1 blockchains like Ethereum, Cardano, and Avalanche. These networks are also developing and improving their technology, making it challenging for Solana to maintain its competitive edge.
• Negative Perception: The past network outages and association with meme coin hype have created a negative perception of Solana in some parts of the crypto community. Overcoming this perception and building trust will be a key challenge.
• Coinbase Withdrawal Delays: The recent criticism of Coinbase for delays in processing Solana withdrawals is a concerning development. Such issues can erode user confidence and negatively impact the network's reputation. While Coinbase has its own operational issues and this may not be solely a Solana problem, it still reflects poorly on the overall user experience.
The $1000 Target: A Realistic or Distant Dream?
Reaching $1000 would require a significant increase in Solana's market capitalization. This would necessitate widespread adoption of the network, sustained growth in its ecosystem, and overcoming the existing challenges.
While the current technical indicators are positive, they are not a guarantee of future price appreciation. The success of Solana depends on its ability to:
• Maintain Network Stability: Addressing network outages and ensuring consistent uptime is paramount.
• Attract Developers and Users: Growing the ecosystem with innovative dApps and attracting a larger user base is crucial.
• Overcome Negative Perception: Building trust and addressing concerns about network reliability is essential for mainstream adoption.
• Compete Effectively: Staying ahead of the competition in the rapidly evolving blockchain landscape is vital.
Conclusion
Solana has the potential for significant growth, driven by its technological advantages and growing ecosystem. However, reaching the ambitious target of $1000 is a challenging task. While positive momentum is evident in current technical indicators, the network faces significant hurdles, including network stability issues, competition, and negative perception. Overcoming these challenges and demonstrating sustainable growth based on real-world utility will be crucial for Solana to achieve its full potential. The recent Coinbase withdrawal delays highlight the importance of smooth user experience and operational efficiency for any blockchain network aiming for mass adoption. Investors should carefully weigh these factors before making investment decisions.
SOL long entry level to watchIt seems SOL market is heavily manipulated. It is better to be in spot SOL now. However, if it reaches the green level, it may break out of the triangle and go upwards. Careful, price is heavily manipulated, it seems to the downward, by the exchanges unable to repay SOL to their customers. Hence likely they keep heavy shorts on SOL to buy spot back to repay to people. Once it does reach this level, the breakout can be huge
$SOL is an easy investment!CRYPTOCAP:SOL is an easy investment! Almost too easy.
Could we possibly see #Solana flipping #Etehereum in the future?
Honestly, I wouldn't be surprised if it happened.
For now, I'm still expecting targets of possibly 5 figures for this run.
I can mainly advise you to buy dips and let it run for the mid/long term.
More later!
Be kind to the world and each other!
