SOL/USD Chart AnalysisHello to all respected traders. This is my first ever chart analysis on trading view. I'm not sure if Solana will go according to analysis. Kindly write your valuable comments to my analysis.
Thank You
Key stats
About Solana
Solana is a blockchain fairly new to the crypto game, but that's not to say it's not a serious player. Attempting to rival smart-contract titan Ethereum for the NFT and web3 crown, Solana has a strong focus on scalability through its hybrid proof-of-history/proof-of-stake consensus that aims to accommodate a flourishing dApp ecosystem. Its native token SOL has enjoyed the successes of Solana-based NFTs and dApps, but since its inception has also felt the strain of the network’s tendency to experience outages. Although that hasn't stopped it from reaching the top 15 coins by market cap.
Solana’s 2024 Cycle vs. 2020: Hidden Divergence Fractal
In this chart, we’re comparing Solana’s 2024 cycle to its 2020 cycle, with a focus on hidden bullish divergences in the RSI and similar bar structures. Both cycles are displaying key similarities in terms of duration, volume, and momentum shifts, which suggest that SOL might be gearing up for anot
5th wave for Solana.The correction for a 4th wave in Solana seems to be over. We are about to start the 5th wave to finish the impulse.
As the chart is a weekly timeframe. It can take up to 3-4 months to finish the last movement.
In order to get a less risky entry wait until resistance between 140-149 has been overcom
SOLUSD - Short Term Bullish ScenarioSOLUSD has been trading in a big range after its retracement from its high of 210.00. Price has recently retested the 120.00 price level and MACD forms a bullish crossover while remaining below 0, with RSI consolidating just below level 50. A higher continuation is anticipated with a 163.00 price le
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
Howe
Bullish consolidation into rate cuts for SOLStrong high volume accumulation supported by a positive MACD signal cross below the zero line looks very promising for the next 6 months
SOLUSD View!!Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion.
Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few
The next level UP for SOLSolana chain is a baby at 4 years old that has been through a lot in it's youth from outages for moving recklessly fast (like any teen), to rising to an early ATH of 260 and then crashing to 8 bux FTX low caused by bad boy friend SBF. Add to that the regulatory challenges which now with ETF proposa
SOLANA has formed a Cup & Handle Pattern on the weekly/daily.SOLANA known for making some incredibly big moves over short periods of time. It is currently forming the handle of a large Cup & Handle formation, which could signal substantial price appreciation over the coming year or so.
Good luck, and always use a stop loss.
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