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SOLUSD trade ideas

SOLUSD A lesson learned.Although yes, I know I am being negative with this play with the Bitcoin Bullrun going on but hear me out. Doge took off two days ago and is still rising my only issue is that I sold to early, but I am happy that I took my winnings when I did. Anyway, this can go either way I am fully aware of Solana ability to perform well. But I have seen Solana perform terribly as well it we can also. Before I got heavily involved in the markets the way that I am now I see prices rise and fall many times and I was always mad when I see it go high and I didn't put something sooner, and I always seen prices drop really low, and I was happy I never put anything in. So far, I have had really good plays since sticking to my plan of looking at what the Trend lines are telling me and waiting for a breakout and entry. I recently made a play not sticking to my plan with SUIUSD and it cost me a pretty penny I just did it just because I thought I had it figured out. But I am going to stick to my plan of watching trends line and trying to catch the breakout that is what is helping me win. As long as I can remember that I will be fine. So, my plan for here is to see what's happening because I am seeing a descending triangle with the trend lines, and I am also seeing a cup and handle so ill wait
COINBASE:SOLUSDShort
by Christian_J_Cruz
Solana will make new ATHsThe upcoming US-Election is coming closer and closer with only 8 days left till election day. As we all know Trump supports cryptocurrencies and might give Bitcoin a boost. If Bitcoin can stay stable above 70k until the election, I think that there will be a new ATH in November. Solana just broke out of this big long-lasting pattern, which is very important for the further price development. The target of this pattern lies at around 280-380 dollars . I think Solana will reach the top in late Q1 2025/ early Q2 2025 . I expect the top to be at around 400 dollars.
COINBASE:SOLUSDLong
by HenrikDaCrypto
Solana's Ascending Triangle Sets $249 Target, Raising the StakesLast week, we noted that Solana triggered an inverse head and shoulders pattern by pushing higher on Sunday, October 20. This pattern has a target of $201 per coin. Interestingly, the price reached as high as $178 before being rejected lower, forming a lower high than the high from July 28. We can now draw a descending trend line by connecting the highs from March, April, and July and the recent high on October 24. Support runs through the September 6 low at $120 per coin. Together, these lines form a bearish descending triangle. What's interesting is that Solana's price is now testing the trend line of this pattern. If it breaks above, the pattern suggests a potential target as high as $249 per coin—a strong 39% gain. However, trading a breakout from the descending triangle trend line is challenging, yet with the smaller inverse head-and-shoulders pattern, triggering this pattern becomes more plausible. Additionally, Bitcoin's strong upward momentum is providing further support. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSD
by ThinkMarkets
2
Solayer Labs Launches $sUSD: A Game-Changer for DeFi on SolanaSolayer Labs has announced the launch of LSE:SUSD , a yield-bearing, real-world asset-backed synthetic stablecoin on the Solana blockchain. This innovative protocol marks a significant milestone in the DeFi space, particularly for Solana, which has recently shown bullish momentum. Unveiling the LSE:SUSD Protocol The LSE:SUSD protocol, co-designed with OpenEden, allows users to earn yields on CRYPTOCAP:USDC deposits, thereby democratizing access to stable, low-risk financial assets. The unique feature of LSE:SUSD is its self-rebasing mechanism, which reflects interest earned directly in users' balances without requiring staking. This design ensures that users see their balance grow automatically, with current yields estimated at an attractive 4.33% annually, based on US Treasury yields. The launch of LSE:SUSD is particularly noteworthy as it was introduced following Solayer Labs’ achievement of surpassing **$200 million** in total value locked (TVL) in Q3. This indicates robust user interest and a solid foundation for future growth. Technical Aspects of LSE:SUSD From a technical standpoint, LSE:SUSD is built on Solana’s Token-2022 standard with an extension for interest-bearing tokens. Unlike traditional stablecoins, users are not required to stake their assets to earn yields, which significantly simplifies the user experience. The yield is automatically reflected in the users’ balances, making it more accessible to a broader audience. The protocol operates as a non-custodial Request-For-Quote (RFQ) marketplace, allowing only owners to create or destroy $sUSD. This system facilitates seamless transactions across various qualified real-world asset (RWA) tokenizers, providing a secure and efficient minting process. Technical Outlook for SOL As of the latest trading data, CRYPTOCAP:SOL is up 2.8%, with a bullish RSI of 68, indicating it is approaching overbought territory. Nevertheless, the pivot point is set at $200, presenting an opportunity for strategic buyers. Notably, Solana has recently surpassed Ethereum in trading fees, showcasing its growing dominance and potential as a leading blockchain for DeFi applications. A Bright Future for DeFi on Solana The launch of LSE:SUSD is not just another stablecoin; it represents a significant shift towards integrating real-world assets into the DeFi ecosystem. By offering users a chance to earn yields on CRYPTOCAP:USDC deposits while also providing a low-risk financial asset, Solayer Labs is paving the way for broader adoption of DeFi solutions. Additionally, the launch includes various incentive programs, such as a 10x yield boost on the first $10,000 deposits during the initial minting phase, starting October 30th. This strategy aims to attract early adopters and boost liquidity in the LSE:SUSD market. Conclusion The introduction of LSE:SUSD by Solayer Labs is a testament to the growing synergy between DeFi and traditional finance. As the DeFi landscape continues to evolve, LSE:SUSD stands out as a compelling option for users looking to explore yield-bearing assets in a secure and user-friendly manner. With the expectation of further developments and potential airdrops, Solayer Labs is well-positioned to lead the charge in DeFi innovation on Solana.
COINBASE:SOLUSDLong
by DEXWireNews
ATCryptoScan: SOLUSD, Solana, the sunshineWeekly SOLUSD chart shows an indicative picture perfect Bullish burst. 1. MACD and VolDiv crossover on the bullish territories. The last time this might have happened would be about July 2021 (VolDiv had not enough data to be plotted atat that time); 2. a large consolidation since early 2024 appears to be breaking out and a potential break on the long term trendline is indicative with favourable technical indication; and 3. Fibonacci retracement saw a 61.8% pullback for the base which never broke down and during this time, VolDiv was trending up So heads up... SOLUSD has a projected target price of about 336 around mid-2025.
BINANCE:SOLUSDLong
by Auguraltrader
2
Will Solana Drop To $150? Resistance at $177: Solana's bullish momentum struggles at the $177 level, indicating a strong resistance, which, if breached, could signal further upward movement. Potential Drop to $150: If the bearish trend strengthens, SOL could slide down to the $150 support level, especially if it breaks below the key $164 neckline. Triple Black Crow Pattern: On the 4-hour chart, three consecutive bearish candles form a triple black crow pattern, a potent bearish reversal signal, indicating possible downward pressure. Rising Channel Formation: The recent price movement shows a rising channel pattern, but failure to make a new high suggests possible exhaustion in the uptrend. Double Top Reversal Signal: The failure to surpass $177 has formed a potential double top, warning of a bearish reversal if the neckline at $164 is breached. 50 EMA Support at $168: Immediate support sits around the 50 EMA at $168, a critical level for bulls to defend in case of further bearish pressure. Key Trendline Support Near $165: A rising trendline near $165 adds another layer of defense, where a break below could intensify the selling pressure. 200 EMA Support at $156: The 200 EMA at $156 serves as a crucial support, acting as the final defense before a potential slide to the $150 psychological level. Ascending Triangle Formation: A reversal from current support levels could shape an ascending triangle pattern, setting the stage for a breakout above $177. Volatility Amid Bitcoin's Fluctuations: Bitcoin's current volatility near $67,000 could affect SOL's trajectory, adding pressure on SOL’s support levels. Psychological Resistance at $200: If SOL gains momentum, the next significant psychological resistance level stands at $200, a critical milestone in the potential uptrend.
COINBASE:SOLUSDShort
by Coinpedia-Market-Insight
1
Solana Hits $200: What Lies Ahead for Solana Solana ( CRYPTOCAP:SOL ) has achieved a major milestone, surging past the $200 mark for the first time since April. This bullish movement follows a wave of optimism in the broader crypto market, driven by key factors both fundamental and technical. Here’s a closer look at the catalysts behind Solana’s rise and what might be in store for this high-performance blockchain. What’s Driving Solana’s Momentum? 1. The PumFun Effect: Solana’s Meme-Coin Platform Solana has gained traction through PumFun, a meme-coin platform that has quickly become a sensation. With over 32,000 tokens launched in a single day, PumFun’s popularity has brought substantial engagement and trading volume to the Solana ecosystem. The meme-coin trend, reminiscent of previous crypto cycles, is drawing both new and existing investors, adding fuel to the current rally. 2. Pro-Crypto Sentiment Following the U.S. Election The U.S. election has further brightened the outlook for crypto markets. Trump’s recent victory has renewed investor hopes for pro-crypto policies, as his administration is expected to adopt a lighter regulatory approach. Given Trump’s historically positive stance on digital assets, many investors are optimistic about the future of crypto-friendly regulations, making Solana a top choice as institutional investors seek regulatory clarity. 3. SOL ETF Speculation: Could an ETF be on the Horizon? Following the approval of Bitcoin and Ethereum ETFs, rumors are circulating about a potential Solana ETF. If launched, such an ETF could attract mainstream investors and significantly increase liquidity for SOL. This institutional support would provide Solana with the capital needed to continue its growth, pushing SOL further into the mainstream. Technical Outlook Solana’s price action reveals a highly bullish setup. As of this writing, SOL is up 2.53%, trading with a strong Relative Strength Index (RSI) of 73, which places it in overbought territory. While an RSI above 70 often signals overbought conditions, in a sustained rally, it can also indicate underlying strength with room for further growth. On the daily chart, SOL’s price is moving within a rectangular pattern, fluctuating between defined support and resistance levels. If the current momentum continues, CRYPTOCAP:SOL could soon challenge the upper resistance level near $220. A breakout above this level would signal a shift in market sentiment and could pave the way for further gains. Next Targets: Potential Pathway to $500 If Solana ( CRYPTOCAP:SOL ) can break through the $220 resistance level, analysts suggest that the next major target would be around $500. This ambitious price point reflects the fundamental growth in Solana’s ecosystem and increased investor interest, driven by the catalysts mentioned above. The Road Ahead for Solana Solana’s strong fundamentals, coupled with the ongoing hype around PumFun and potential regulatory shifts, create an ideal environment for further growth. As CRYPTOCAP:SOL continues to attract a broad audience and speculation over a SOL ETF grows, the blockchain’s appeal to mainstream and institutional investors becomes more likely. However, investors should keep an eye on potential pullbacks, especially given the overbought RSI. Market corrections are a natural part of any rally, and temporary retracements may provide buying opportunities for long-term investors. Conclusion: Solana’s journey past $200 reflects both fundamental strength and technical promise. As long as the ecosystem continues to grow, supported by the potential for favorable regulation, Solana is well-positioned for long-term gains.
COINBASE:SOLUSDLong
by DEXWireNews
Solana vs. Ethereum: The Battle for Blockchain SupremacyThe cryptocurrency market is dynamic, constantly evolving with new technologies and innovative projects. Solana (SOL) and Ethereum (ETH) are two of the most prominent players in this space. Both platforms have made significant strides in recent years, attracting developers and investors alike. However, as the cryptocurrency market continues to mature, the question arises: Will Solana be able to challenge Ethereum's dominance, or will ETH maintain its position as the leading blockchain platform? Solana's Rise to Prominence Solana, a high-performance blockchain platform, has gained significant traction due to its ability to process many transactions per second at a low cost. This scalability advantage has made it attractive to developers seeking to build decentralized applications (dApps) that require fast and efficient transaction processing. Solana's unique Proof-of-History (PoH) consensus mechanism, combined with its parallel processing capabilities, enables it to achieve impressive transaction speeds. One of the key factors driving Solana's popularity is its vibrant ecosystem. A growing number of dApps, including decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and DeFi protocols, are being built on the Solana platform. This expanding ecosystem has led to increased demand for the SOL token, which is used to pay transaction fees and secure the network. Ethereum's Enduring Dominance Despite the emergence of strong competitors like Solana, Ethereum remains the undisputed leader in the blockchain space. Its long-standing history, extensive developer community, and robust security infrastructure have solidified its position as the go-to platform for many dApps. Ethereum's transition to a proof-of-stake (PoS) consensus mechanism, known as The Merge, has further enhanced its scalability and energy efficiency. Moreover, Ethereum's dominance in the DeFi and NFT markets is undeniable. A vast array of DeFi protocols, including lending platforms, decentralized exchanges, and yield farming platforms, are built on Ethereum. The platform's popularity in the NFT space is evident from the success of projects like CryptoPunks and Bored Ape Yacht Club. The Battle for Market Share As the cryptocurrency market enters a period of increased volatility and potential altcoin season, the competition between Solana and Ethereum is likely to intensify. Solana's scalability advantages and growing ecosystem could attract more developers and investors, leading to increased demand for the SOL token. However, Ethereum's established position, strong developer community, and ongoing technological advancements may enable it to maintain its dominance. The outcome of this battle will depend on several factors, including: • Network Performance: Both platforms will need to continue to improve their network performance and scalability to meet the growing demand for decentralized applications. • Developer Adoption: Attracting and retaining top developers will be crucial for both platforms. • Security: Ensuring the security of the network and protecting users' funds is paramount. • Regulatory Environment: The regulatory landscape for cryptocurrencies could significantly impact the adoption and growth of both platforms. Conclusion While Solana has emerged as a strong contender in the blockchain space, Ethereum's established position and ongoing development efforts make it difficult to displace. The future of the cryptocurrency market is uncertain, and both platforms will need to adapt to evolving technologies and changing market dynamics. Ultimately, the success of Solana and Ethereum will depend on their ability to deliver value to users and developers.
COINBASE:SOLUSD
by bryandowningqln
Solana's Surging Dominance: A New Flippening in the Making? Solana's meteoric rise has caught the attention of the cryptocurrency world, with its price reaching a new all-time high against Ethereum. This surge, driven in part by the memecoin frenzy, has sparked speculation about a potential "flippening" – a scenario where Solana's market capitalization surpasses that of Ethereum. Since 2023, Solana has experienced a remarkable 600% increase in value relative to Ethereum. This impressive performance can be attributed to several factors, including: • Memecoin Mania: The popularity of memecoins like BONK and BONK Inu has significantly boosted Solana's ecosystem. These tokens have attracted a large following, driving up demand for the Solana blockchain. • Scalability and Speed: Solana's ability to process a high number of transactions per second (TPS) has made it a popular choice for developers and users seeking faster and more efficient blockchain solutions. • Growing Ecosystem: Solana has witnessed a rapid expansion of its ecosystem, with numerous decentralized applications (dApps) and projects being built on the platform. This growth has increased the demand for Solana tokens. • Institutional Interest: Solana has gained traction among institutional investors, who are increasingly attracted to its potential as a scalable and high-performance blockchain. While Solana's recent performance is undeniably impressive, it's important to consider the challenges it faces in its quest to overtake Ethereum. Ethereum, despite its current dominance, is undergoing significant upgrades, such as the transition to proof-of-stake (PoS) and the implementation of layer-2 scaling solutions. These developments could potentially enhance Ethereum's efficiency and scalability, making it a more competitive alternative. Moreover, Ethereum's established network effects and strong developer community give it a significant advantage. Ethereum has been the dominant platform for smart contracts and decentralized finance (DeFi) applications for several years, and it has a vast network of developers and users. Overcoming this established ecosystem will be a formidable challenge for Solana. Despite these challenges, Solana's recent surge suggests that it is a serious contender in the race for blockchain dominance. The platform's strong performance and growing ecosystem have positioned it as a potential disruptor in the cryptocurrency market. Whether Solana can ultimately achieve a "flippening" remains to be seen, but its continued success is a testament to the innovative and competitive nature of the blockchain industry. In conclusion, Solana's price surge against Ethereum marks a significant milestone for the platform. While the road ahead may be challenging, Solana's potential for growth and innovation is undeniable. As the cryptocurrency market continues to evolve, it will be fascinating to observe the ongoing competition between Solana and Ethereum, and to see which platform ultimately emerges as the dominant force in the blockchain space.
COINBASE:SOLUSDLong
by bryandowningqln
Solana Full Analysis Everything You Need to Know Afternoon Traders So I break down Solana for you today as its shaping up our first tp is 189 that we are heading to however if we break past that 195 is a great next tp to get to. In this video I go through the levels and why behind it to make sure you understand what levels to look out for when trading. If you found this video helpful let me know with a comment, follow or boost. I appreciate it Mindbloome Trading/ Kris Trade What You See
CRYPTO:SOLUSDLong
by Mindbloome-Trading
Solana Surpasses ETH in Daily Fees What’s Fueling SOL’s MomentumIn a significant milestone, Solana ( CRYPTOCAP:SOL ) has overtaken Ethereum in daily transaction fees, raking in over $4.1 million. The driving force behind this surge is the newfound popularity of AI meme coins, which have spurred a wave of network activity on Solana ( CRYPTOCAP:SOL ), positioning the blockchain for further growth. AI Meme Coin Craze Propels Solana to New Heights The meme coin frenzy, spearheaded by tokens like Goatseus Maximus (GOAT) has been the key catalyst for Solana’s recent surge. GOAT has skyrocketed by 40%, reaching an all-time high of $0.7009, with its market cap soaring past $700 million in just two weeks. GOAT, which gained popularity through promotions by AI bot ‘Truth Terminals,’ highlights how AI and meme coins have captivated the crypto community. This trend is not isolated, as more AI-driven tokens like MEW, POPCAT, PYTH, and RAY are also showing strong performance. These five tokens have gained traction on Solana, with double-digit percentage increases in just a short time. This surge in popularity has made Solana the go-to platform for launching these new-age meme coins, significantly boosting its network revenue. Solana’s Rise to the Top Solana’s success isn’t limited to AI meme coins alone. Over the past month, Solana ( CRYPTOCAP:SOL ) has consistently outperformed other top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with SOL gaining 18% in value. At press time, SOL is trading at $174, with a market cap of $82 billion, firmly securing its place among the top five cryptocurrencies according to CoinMarketCap. Analysts are bullish on Solana’s future, with some predicting a parabolic rally that could push the SOL price toward its all-time high of $2,000. Data from Coinglass shows that open interest in Solana ( CRYPTOCAP:SOL ) has surged by 13.7%, reaching $3.4 billion, while derivatives trading volume has increased by 25% to $9.54 billion in the past 24 hours. These figures suggest that more institutional money is flowing into Solana, setting the stage for a continued price rally. Technical Outlook: A Bullish Run for SOL? From a technical perspective, Solana’s price action shows bullish momentum, with CRYPTOCAP:SOL up by 2% at the time of writing, trading above key moving averages. The daily candlestick chart displays a bullish engulfing pattern, a strong indicator that the uptrend could continue. However, the RSI stands at 70.87, signaling that CRYPTOCAP:SOL is approaching overbought territory, which warrants caution. A consolidation phase could see CRYPTOCAP:SOL pull back to the support level of $145. Nevertheless, market sentiment remains positive, with many analysts pointing out that Solana, like most altcoins, often mirrors Bitcoin’s performance. If BTC shows strength in the coming weeks, CRYPTOCAP:SOL could test the $200 resistance level, potentially paving the way for new highs. Conclusion Solana’s ability to surpass Ethereum in daily fees underscores its growing importance in the crypto ecosystem. As the blockchain continues to dominate the AI meme coin space, it is likely to attract more developers and projects to build on its platform. With robust technical indicators and a supportive fundamental outlook, Solana ( CRYPTOCAP:SOL ) is well-positioned for sustained growth, making it one of the top contenders in the Layer-1 blockchain space. Solana’s recent surge and the attention it’s receiving from traders, developers, and investors alike could mark the beginning of a new era for the blockchain. While caution is warranted due to its current overbought levels, the long-term potential remains significant. As the AI meme coin craze continues, Solana ( CRYPTOCAP:SOL ) is set to remain in the spotlight, with its price action likely to captivate the market in the weeks ahead.
COINBASE:SOLUSDLong
by DEXWireNews
SOL/USD "SOLANA" Market Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist SOL/USD "SOLANA" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
COINBASE:SOLUSDLong
by Thief_Trader
SOL USDT 1D TAThis analysis focuses on the Solana (SOL) vs USDT pair. Based on the Stochastic RSI on the 1-day (1D) chart, there is an anticipated potential price drop in SOL towards the support zone around $145, with current resistance being tested at $170. Furthermore, if a bullish retest occurs at the $160 area, a price target of around $200 in the coming days could be considered. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
COINBASE:SOLUSDShort
by Nefy