SOL:USD Weekly Cup n' HandleWeekly chart. Cup and handle forming for a more macro trend trade. Last candle is a beastly one. Long on this trade and expect new highs soon.
SOLUSD trade ideas
SOLUSD SELL ANALYSIS DOUBLE TOPHere on Solusd price form a double top and now make resistance around level of 201.56 so is likely to fall if line 108.49 trader should go for SHORT and expect profit target of 108.49 and 18.48. Use money management
Short my sollageShort SOL this is what I have done and this is what I want to do.
bobo is waking my long papi
Solana Longive always been a hater of sol but man the degens love it. Well tbh i see it surpassing eth, 10x more users, fast, its the greatest casino on earth.
going to 1000 a coin by Feb if Btc goes to 100k expect this 1000 a coin. ALL TRUMP HIGH
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.
SOLANA (SOL) - Potential Bullish C&H!SOLANA (SOL) is currently forming a potential bullish Cup and Handle pattern on its weekly chart. This pattern is often seen as a bullish continuation pattern, indicating a potential uptrend.
Cup: The "cup" part of the pattern is a rounded bottom formation, suggesting a period of consolidation or accumulation.
Handle: The "handle" is a short-term pullback that forms a smaller, more shallow correction.
Potential Targets:
A successful breakout above the handle's resistance level could lead to a significant price increase.
Potential targets for SOL could be in the range of $340 to $420.
Key Support Level: A weekly close below $125 would invalidate this bullish scenario.
last short-term view before $200 and we traded from $31 since Oct 2023 remain 50% HOLD!
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
Solana (SOL) Weekly AnalysisSolana is currently moving within an upward channel pattern and approaching resistance at the 199.71 level. If this resistance successfully holds back the bullish momentum, there is a possibility that Solana may correct to the Fibonacci levels around 174.92 - 170.13 before continuing its bullish trend.
Solana Targets $249 After Breaking Key Resistance LevelSolana prices have finally broken out of a descending triangle, pushing and closing above the trend line at $178.60 per coin. In the short term, if there’s a correction toward $181.44 and it does not dip below $168.48, traders are likely to buy this dip, aiming for the $249 target level.
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Soloana Short Postion 188.15 See Chart Soloana Short Postion 188.15 See Chart Explain the Reason And See other Buying zong
SOLUSD Still a long way to goCatch the ride it might cool off soon but I bellieve it will take off again this week will be absolutely bonkers. Due to Trump winning the election the future is looking bright for my paper trading pockets.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
Solana: Short term -> breaking out!Solana got rejected at $180 after touching a very important resistance of the past months.
It will probably go to around $172/173 in my opinion, which is both 0.618 fib extension and also a previous support line.
I don't think it will go much higher than that, and that we are in a larger bigger downtrend which has just started. Check out last week candle, both for Solana and Bitcoin, it speaks for itself.
Good luck everyone!
Be patient, don't be greedy.
SOLUSD Cup and Handle What does this mean? Do you think it means what I think it means I think it means something, but we won't know until we see it goes in that general direction until then hold on to your hats, we might just take off full of fuel.
How ever if it does a reversal just be careful and make sure you don't crash and burn tomorrow will be a very decisive day. Election day I mean.
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview:
Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend.
Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves.
Key Levels to Watch:
Resistance: $190 (critical breakout point)
Targets: $220 (previous high), $275-$280 (extended bullish target)
Support: Ascending trendline, below $180.
Outlook:
A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues.
With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up.
#Solana #SOL #PriceAction #Bullish #CryptoMarket
Solana 215 Long TargetCurrently looking Long to $125
Inverse Head and Shoulders
currently on neckline looking to breakout, but be cautious as it CAN go as low as $130s and still stays valid in between blue lines
Good luck
Outlook on SOL/USD 03/11/2024Pre Election analysis of Solana/USD
Bullish scenario:
If the current level holds as support and the price moves above the recent highs, it may target the upper zone around $188 or higher. Levels around $170-$175, appears to be a near-term top. We could see an extension towards the $188-$200 range, which aligns with both the monthly and daily upper targets. A potential retracement to the $140-$150 daily could offer a discounted entry opportunity, with a possible target back up to the $188-$200 zone.
$222 : Conservative target post-breakout above $200.
$249 : Key resistance, close to previous all-time highs.
$280 : Extended target for bullish continuation.
$345 : Target in a strong rally.
$453 : Long-term, ambitious target if SOL experiences a major bull run.
Bearish scenario:
If the price fails to hold above the trendline and begins breaking below $140, it could indicate a shift towards a bearish scenario. This could open the possibility for a retracement to deeper discount levels, potentially back to $118 or lower. If the price struggles to break above the $170-$175 zone and shows bearish reversals, it could trigger a deeper correction to retest the $140-$150 level or even the key $118 monthly support zone. Worst case scenario $98-$106.
SOLUSD Gives a Buy-The-Dip-OpportunityThe current correction in SOLUSD is attracting buying interest. The indicator shows divergences in both the RSI and the CumulativeVolumeDelta. This opportunity offers a good short-term chance for a long entry. We select the area of the bearish wicks between USD 167 and 168 as the target zone.
SOLANA - Sell Ideathe quick turn around and the drop below the key-level support of $171.15 is a strong indication that price action is on the backfoot again, moving towards the lower section of the trading range it's been trading in for a while now. Next big support is at $138.50, our official profit target
SOLUSD SELL ANALYSIS RISING WEDGE PATTERN Here on Solusd price form rising wedge pattern and now try to fall as the line 167.98 has broken there is a chance of moving down more so trader should look for SHORT and target profit of 154.53 and 138.83 . Use money management
$solana long $solana currently on support , with btc reclaiming 70k support sets a good precident to look for longs . set clearly shown in chart
SOLUSD !!Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.
SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar.
The price is now trading below $172 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a decent upward movement if it stays above the $165 and $162 support levels.
SOLUSD, MOMENTUM BULLISH TREND CHANNELSOLANA, MOMENTUM BULLISH TREND CHANNEL
Time Frame: 4 HR
Price Target: $369
Time Horizon: lol
