Xrp buyOrder book is rebalanced which can signal a bullish movement, reaction off support line and still going up, the demand for buying went up,
SOLUSD trade ideas
Solana (SOL) Breaks $150 Resistance Level: Time for the SurgeThe Solana cryptocurrency has recently experienced a significant breakthrough by surpassing the $150 resistance level, paving the way for a possible continuation of its upward trend. This is a critical milestone, as the $150 resistance level is considered a significant barrier between the bullish and bearish markets.
However, despite this breakthrough, there has been a noticeable decline in trading volume, which may suggest a lack of conviction behind the move and raise questions about the sustainability of the price above this level. If the volume does not pick up, it might suggest that the break above $150 may not hold, leading to a potential price correction.
The Solana ( CRYPTOCAP:SOL ) cryptocurrency faced significant resistance levels, such as the 50-day MA, which must be conquered to maintain its upward momentum. If these levels are not surpassed with confidence and accompanying volume, they could act as catalysts for a bearish reversal.
Solana ( CRYPTOCAP:SOL ) must establish a new support level above the recently breached $150 mark for a growth scenario to unfold. If CRYPTOCAP:SOL manages to maintain its position above this line, the next challenge will be imminent. A convincing break above the 50-day MA could clear the path toward higher price points, with $170 serving as the next psychological resistance.
The future of Solana's rise depends on the market sentiment post-halving, project developments, and the ability of buyers to drive and sustain higher prices. However, the possibility of a reversal remains uncertain.
In addition, Solana meme coins have been the subject of numerous scams, leading to significant losses for investors. According to crypto detective ZachXBT, over $26 million worth of Solana ( CRYPTOCAP:SOL ) has been lost in rugged presales of Solana meme coins. Many of these projects have failed to deliver on their promises after raising significant amounts of SOL. This has raised concerns within the crypto community about the lack of accountability and transparency in meme coin presales on the Solana blockchain.
Solana co-founders Raj Gokal and Anatoly Yakovenko have issued repeated warnings to investors against considering such random Solana meme coin presales on X. It is advisable for investors to exercise caution and due diligence before participating in such meme coin projects, as the risk of rug pulls remains high.
Solana could be interesting for the bulls if...EASYMARKETS:SOLUSD
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SOLANA (SOL) is forming a massive, multi-year Cup & Handle!Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5 years.
Good luck, and always use a stop-loss
Solana Weekly Analysis Here's the corrected version:
Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one of the leading blockchains in the next few years.
In the technical analysis, we observe the price starting to drop as buyers from the accumulation phase begin taking their profits. Additionally, there's market anxiety due to geopolitical tensions and rising inflation. However, this decline is healthy, as it provides an opportunity for new buyers to accumulate Solana and potentially drive it to new all-time highs.
The optimal price point to buy Solana is in the sweet spot below the 50% Fibonacci level, indicating a discount area for accumulation.
Solana breakout is getting more bullish. Price target 🎯 is $180Solana breakout is getting more bullish.
Next upside price target 🎯 is $180 before it encounters any resistance.
Mapped out in blue line possible price movement going forward
Long SOLANA COINLong Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
Solana Battle Plan Update 3: Price to reverse at Local HighThis is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting.
Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t see a continuation pattern yet. We Solana does not show an ascending triangle, a cup and handle, or even a symmetrical triangle. Without a continuation pattern we must suspect price will stall at a previous support. Seeing where price flipping support to resistance and vise versa at key levels is one of the basics that can take years to master.
That previous support is the bear trap that was created at the beginning of the bear market. We can see on the right where it played out with Ethereum and I strongly suspect we are seeing the initial stages of that reversal in Solana.
Of course, there are some key differences in the two charts. We can see that when we look at other indicators. I don’t want this idea to become unmanageable so I will just look at one of the basics, the Monthly Bollinger Band. It is pretty clear that looking at the Bollinger Band it looks like Solana did a much better job than Ethereum. Solana has pushed its head above the monthly Bollinger band to reach the previous bull trap whereas Ethereum didn’t even reach the baseline. But either way, price being out of the monthly Bollinger band or near the middle with weekly bearish divergence at previous support still suggests reversal.
I do hope to see the lower limit of the monthly BB to snug up and flatten off to indicate a local low is in when I see Solana double bottom.
Solana Against Bitcoin, Ethereum and BNB
Solana also looks like it is in a dreadful position against Bitcoin. The zone of resistance is drawn, in part, due to the MACD oscillaton below zero and the amount of sideways action we needed to have that happen.
The bearish similarities with Solana and trading pairs continues with Ethereum.
BNB has a bit of a different set up. It does not have a clear bull trap like SOL has against BTC and ETH. Rather it had a descending triangle top and a return move to the support of the triangle. Price has returned to the base of the descending triangle and I think with the indicators so overbought we would assume another pull back.
Conclusion and my plan
Solana looks like it has hit a local high against USD, BTC, BNB and ETH. There are so many temptations to get out of Solana into a different larger, less volatile token that I don’t see most day or swing traders holding onto Solan for long. Especially margin traders. Timing the shortside can be a wee bit tricky but it can be done. I am staying away from that.
I suspect that Solana will be setting a higher low W pattern. If it does, I will basically be rotating everything I can into it as I expect it will be making a higher high. AS the main chart shows that higher high would be about 100x from the low. If it sets an equal low, then I will suspect it will roughly return to an all-time high. That would be about 25X. That is decent enough for crypto but in all honesty if Solana sets a lower low, I will be looking for a different token to rotate into. Right now, my biggest crypto bag continues to be Fantom as I really like the Big W pattern it is in.
Solana, Perfect Weekly Cup and Handle, yes or no?I see a perfect cup and handle on the weekly on SOL. Will we break ATH soon in upcoming weeks? What you think?
Solana Fib Fan Shows Support at $107-122Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
SOL: 150 next Solana's price could test 125 and find support, in that case a strong rebound into halving could bring the price up to 150.
Solana Still Above An Upside LineEASYMARKETS:SOLUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SOLANA continuation for new all time highhad a great mitigation at a previous demand level. we have equal lows above which means level of liquidity we can target and will be fuel for us to continue our push up higher to 250+. if we break above the supply level it will look good for solona but if we struggle to break supply we can see a significant drop lower. (don't think will happen $400 next stop :)
SOLUSD-SELL strategy weekly chartNo change in view. I feel we will see return to $ 125 area. The crypto is overbought, and requires good correction. The GANN support is about $ 125 and we have FIB objectives along the way.
Strategy SELL @ $ 175-195 and place SL above $ 215 and profit order @ $ 138 for now.
SOLANA getting ready to explode after manipulation by Whales.The uptrend is still intact. Dumping/manipulation by whales is typical and expected. Get ready to enter Long and ride with the Big Funds. Manage your long positions as there will be much more volatility and manipulation as we get closer to Bitcoin halving.
SOL bear flagThe only thing holding up the price of SOL is network congestion. People can't even transfer their coins to exchanges to sell them, even if they want to. That's a feature not a bug.
WIF is a forced meme.
Good job pumping and dumping your meme coins.
Greate job ansem. Don't hate the player, hate the game.
Sol Forecast...This is reminding me of early ETH right before it ripped - this correction is close to done or a tad more but overall it won't matter we're going much higher by the looks and people trying to short term trade this market or worrying over small 10-20% moves are going to miss the big moves coming for the majority of this year.
Possible new ATH for Solana ( this is HUGE ) Big dip and big drop of volatile ..
remember recent ATH is $260 and now solana target is over $700 until the year 2025. If I’m wrong then what new ATH will be for solana?
If you have over 1.000 Solana chance will get over $10K soon to be $20K
You’ll thank me later..
If you own over 6.900 solana then there’s a chance you’ll become a millionaire especially over 10.00 solana own your money profits will earn higher than you think.
This is the best to buy Solana.. if you chose to sacrifice any other coins that’s on you and your own plan.. to manage your bank roll.
Soo the circulating is
446.45M SOL
total supply is
573.80M SOL
ROI : +62808.00%
Solana will have the huge bullrun this year into 2025.. so please hold and don’t sell
SOL to $1,000spot trade, downside risk ~30%, upside 8x
Solana has established itself as the premier alt L1 this cycle, trading 45% off the highs w/ catalyst of WW3 and network congestion, latter of which will be fixed soon
bull market dips are for buying
Solana is being bought up by the bulls at the support lineSolana is being bought up by the bulls at the support line. If we see a good bounce from the support line then price target 🎯 is $150
