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Solana Wave Analysis – 18 March 2025 - Solana reversed from the resistance zone - Likely to fall to support level 113.75 Solana cryptocurrency recently reversed down from the resistance zone lying at the intersection of the resistance level 134.65 (former support from the end of February), 20-day moving average and the 38.2% Fibonacci correction of the downward impulse from the start of March. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. Given the widespread bearish sentiment across the cryptocurrency markets, Solana can be expected to fall to the next support level 113.75 (the former low of wave (2) from the start of March).
BITSTAMP:SOLUSDShort
by FxProGlobal
BTCPrice Movement: Bitcoin's price has recently decreased by 1.43%, indicating a short-term bearish trend. The price is currently closer to the lower Bollinger Band, suggesting that Bitcoin might be in an oversold condition, which could indicate a potential reversal or support level. Bollinger Bands: The price is near the lower band, which often acts as a support level in a downtrend. If the price rebounds from this level, it could signal a buying opportunity. Conversely, if it breaks below, it might indicate further downward movement. Volume: The volume data suggests active trading, which can confirm the strength of the current price movement. Higher volumes at certain price levels can indicate strong support or resistance. Historical Context: The chart spans several months, providing a broader context for the current price action. Observing patterns over this period can help in understanding long-term trends and potential future movements.
COINBASE:SOLUSD
by famousFinance54964
Solana’s Price Action: Aftermath of the Blow-Off TopThe recent peak for Solana, approaching $300, has proven to be a classic blow-off top. The subsequent decline has broken through three key support levels, retracing around 60% and ultimately reaching the $120 level—a price point that has acted as a strong floor over the past year, with multiple reversals from this zone. While this may seem positive, the chart structure at the moment doesn't appear encouraging for bulls. Current Market Structure: A Bearish Outlook Looking at the price action, it’s clear that the market has faced significant downward pressure. Despite the bounce from $120, the overall structure suggests caution. While the $120 level is historically strong, there’s no guarantee it will hold again. The series of broken support levels and the depth of the correction point to a market that is struggling to regain its previous strength. Optimistic vs Pessimistic Scenarios: Where Could Solana Go Next? In my opinion, the optimistic scenario for Solana would see the price range between the $120 zone and the $180 zone. This would represent a consolidation pattern, as the market tries to establish a new equilibrium. However, given the overall trend and recent price action, it’s also important to consider a more pessimistic scenario. In the worst case, the price could fall as low as $80, especially if the broader market continues to face downward pressure.
COINBASE:SOLUSDShort
by Mihai_Iacob
SOLANA ANALYSIS STILL BERISH THEN RANGEAnalysis Interpretation: Timeframe: The analysis specifically focuses on the period from Thursday, March 13, 2025, to Monday, March 31, 2025. Market Context: The first chart suggests that before March 13, 2025, the market was predominantly bearish ("Down cycle"), with clear downward momentum. Around March 13, 2025, a reversal or pivot is anticipated, marking the transition point from bearish sentiment into neutrality or bullishness. Significance of Dates (US flag icons): The US flags indicate important economic events or announcements originating from the United States, expected during this period (March 13-31, 2025). These could be events such as major economic data releases (e.g., GDP, interest rate decisions, employment reports) or policy announcements from institutions like the Federal Reserve. These are typically moments of increased market volatility. Expected Market Behavior (March 13 - March 31, 2025): Initial Reversal (around March 13): Anticipate increased volatility as traders react to a major event or announcement, causing a shift from bearish sentiment toward neutrality or bullish momentum. Range Cycle/Up (after March 31): Expect the market to either consolidate within a trading range (sideways movement) or start developing bullish momentum, influenced by the outcomes of significant economic events scheduled between these date
TRADENATION:SOLANAShort
by saadtate1
1
Will Solana experience a major correction again?Hello everyone, let's look at the 1D SOL to USD chart, in this situation we can see how the price is moving in the formed downward channel, where the price is currently recovering again. Let's start by defining the targets for the near future that the price has to face: T1 = 133 USD T2 = 145 USD Т3 = 155 USD Т4 = 167 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 121 USD SL2 = 111 USD SL3 = 103 USD SL4 = 95 USD If we look at the RSI indicator, we can see how the movement is constantly moving in the lower part of the range, where we have another downward bounce, and here we can see how we are approaching a test of the local uptrend that is close to breaking.
COINBASE:SOLUSD
by cryptodailyuk
1
Solana ($SOLUSD) - Monthly Demand InboundQuick TA for Solana $SOL. Many cryptos are at inflection points and will likely break higher or roll over from current prices (I think a move down is more likely, per long-term charts, and am hoping this happens for the sake of buying opportunities). Solana, like many other cryptos, has failed to develop meaningful 1D bullish momentum (RSI holding below 50). Should COINBASE:SOLUSD get another leg down, I'll be watching its behavior as it enters lower demand zones. 101.75-78.87 = monthly demand; 74.85-51.37 = weekly demand, but there are also buy areas higher. If Solana trades lower and approaches the aforementioned levels, use LTFs for signs of exhaustion/downtrend reversal. Personally, I wouldn't use "set-and-forget" buy limit orders; higher-beta cryptos may keep selling off until majors bottom/reverse and/or prices might not trade low enough to hit your limit price. I prefer more of a "hands-on" approach to trading, but to each their own. On the road, so truncated analysis. Will update when I can. Thank you for your interest and let me know what you think! Jon @JHartCharts
BINANCE:SOLUSDLong
by JHartCharts
Golden Cross + Cup n HandleSOLANA is looking very Bullish this Saturday with price trending up and sideways now on 1HR above a fresh Golden Cross and Just out of a Cup and Handle. After weeks of blood, could we be poised for a major breakout? I I think it’s time bears Become dinner for marketmakers. I’d like to see. 250-300 SOLANA this week but Im expecting to reclaim 150-200 first. However, if we don’t get the proper volume, this could wind up being just a weekend fake out with Moore consolidation before we fly up. Cautiously playing upside with low leverage a healthy Spot!
BINANCE:SOLUSDLong
by cryptoseedjohnny
SOLUSD Decision ZoneSolana (SOL) is currently trading around the $136 area, having recently bounced off a local bottom. There are several key resistance levels identified, notably at $140-$142 and further above at around $150 and $160. Bearish Scenario (Short Opportunity at $140-$142): • The price is approaching a resistance area ($140-$142), which aligns with the lower boundary of previous support-turned-resistance and a descending trendline. • Additionally, the presence of strong overhead resistance from the EMA ribbon suggests sellers could step in at this zone. • A rejection in this area could be an excellent short setup, targeting lower levels at $131.82 initially, then potentially retesting support at $124.87. Bullish Scenario (Breakout to $150-$160): • If SOL manages to close decisively above $142, breaking above EMA ribbon resistance, bullish momentum could increase substantially. • A confirmed breakout and consolidation above the $142 resistance would set up a bullish continuation towards $150. • Further bullish follow-through, combined with volume support, could push the price toward the next resistance levels around $157.45 and possibly $160. Indicators Analysis: • RSI indicates a mild upward trend, suggesting the potential for bullish momentum; however, RSI has room to rise before being considered overbought, supporting either scenario depending on price action near key levels. Conclusion: • Monitor the $140-$142 resistance closely; rejection here provides a clear short opportunity. • Conversely, a breakout above this level (with confirmation) significantly increases the likelihood of revisiting $150 and possibly $160 in the short term.
COINBASE:SOLUSD
by MishoPBP
SOL/USD "Solana vs U.S Dollar" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the SOL/USD "Solana vs U.S Dollar" Crypto Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (160.00) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 1D timeframe (200.00) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1st Target - 125.00 (or) Escape Before the Target Final Target - 90.00 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: SOL/USD "Solana vs U.S Dollar" Crypto Market is currently experiencing a bearish trend,., driven by several key factors. ⚡⭐Fundamental Analysis Blockchain Trends: Solana's blockchain growth is expected to slow down, driven by increasing competition from other blockchain platforms. Smart Contract Activity: Smart contract activity on Solana's blockchain is expected to decrease, driven by growing competition from other blockchain platforms. Mining Difficulty: Solana's mining difficulty is expected to decrease, driven by decreasing network hash rate. Transaction Volume: Solana's transaction volume is expected to decrease, driven by decreasing demand for cryptocurrency transactions. ⚡⭐COT Data Non-Commercial Traders (Institutional): Net Short Positions: 55% Open Interest: 100,000 contracts Commercial Traders (Companies): Net Long Positions: 30% Open Interest: 50,000 contracts Non-Reportable Traders (Small Traders): Net Short Positions: 15% Open Interest: 20,000 contracts COT Ratio: 0.6 (indicating a bearish trend) ⚡⭐Sentimental Outlook Institutional Sentiment: 40% bullish, 60% bearish. Retail Sentiment: 35% bullish, 65% bearish. Market Mood: The overall market mood is bearish, with a sentiment score of -50. ⚡⭐On-Chain Analysis Network Hash Rate: Solana's network hash rate has decreased by 10% over the past month, indicating a decline in mining activity. Transaction Volume: Solana's transaction volume has decreased by 20% over the past month, indicating a decline in network activity. Active Addresses: Solana's active addresses have decreased by 15% over the past month, indicating a decline in network adoption. ⚡⭐Market Data Analysis Order Book Analysis: The SOL/USD order book is showing a significant imbalance, with more sell orders than buy orders, indicating a bearish market sentiment. Liquidity Analysis: Solana's liquidity has decreased by 10% over the past month, indicating a decline in market participation. Volatility Analysis: Solana's volatility has increased by 20% over the past month, indicating a more unpredictable market. ⚡⭐Positioning Long Positions: 30% of total positions Short Positions: 70% of total positions Neutral Positions: 0% of total positions Leverage: 2:1 (average) ⚡⭐Next Move Prediction Bearish Move: Potential downside to 140.00-125.00. Target: 125.00 (primary target), 90.00 (secondary target) Next Swing Target: 80.00 (potential swing low) Stop Loss: 190.00 (above the 30-day high) Risk-Reward Ratio: 1:2 (potential profit of 30.00 vs potential loss of 15.00) ⚡⭐Overall Outlook The overall outlook for SOL/USD is bearish, driven by a combination of fundamental, technical, and sentimental factors. The expected slowdown in Solana's blockchain growth, decreasing smart contract activity, and bearish market sentiment are all supporting the bearish trend. However, investors should remain cautious of potential upside risks, including changes in global economic trends and unexpected regulatory developments. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
BINANCE:SOLUSDShort
by Thief_Trader
Solana: Precision Landing?!Solana extended its sell-off and reached our blue long Target Zone between $117.73 and $40.43. The price then reacted right at the $109.89 support level, indicating that the low of the green wave 2 has been settled. Thus, the next step should involve a strong rally driven by the green wave 3, ultimately pushing SOL well beyond the $295.31 resistance and past its current all-time high. However, our Target Zone remains active, as there is a 40% chance that the price could revisit this range to complete the blue alternative wave (ii) below the $109.89 mark.
BINANCE:SOLUSD
by MarketIntel
SOLANA (SOL) Clearly defined downtrend capped by 137.13. Price Action and Trend: The current sentiment for Solana (SOL) appears bearish, as indicated by the prevailing downtrend. The key resistance level stands at 137.13, which corresponds to the current intraday swing high and a descending resistance trendline. A notable feature of the current price structure is the potential for an oversold rally from the existing levels, followed by a bearish rejection from the 137.13 level. Bearish Scenario: If the 137.13 resistance level holds and the bearish sentiment persists, SOL could move lower, targeting the following downside support levels: 103.16 - The first major support, where buyers might attempt to regain control. 95.88 - A secondary support zone that could attract significant buying interest. 75.00 - A long-term support level, indicating a deeper correction if bearish momentum continues. Bullish Scenario: Conversely, a confirmed breakout above 137.13 resistance with a daily close above that level would invalidate the bearish outlook. In such a case, Solana could target higher resistance levels as follows: 151.65 - Immediate resistance after the breakout, indicating bullish continuation. 173.30 - A further extension of the rally, suggesting increased buying pressure and a trend reversal. Conclusion: The sentiment for Solana remains bearish as long as the price remains below the 137.13 resistance level. A bearish rejection from this level could trigger a move toward 103.16, 95.88, and ultimately 75.00 over the longer timeframe. However, a confirmed breakout above 137.13 and a daily close beyond it would negate the bearish bias, potentially initiating a bullish phase with targets at 151.65 and 173.30. Traders should closely monitor the 137.13 level and watch for a potential breakout or rejection to determine the next directional move.
TRADENATION:SOLANA
by TradeNation
Solana Wave Analysis – 14 March 2025 - Solana reversed from the long-term support level 113.75 - Likely to rise to the resistance level 130.60 Solana cryptocurrency recently reversed from the major long-term support level 113.75, which has been reversing the price from last April. The upward reversal from the support level 113.75 created the daily Japanese candlesticks reversal pattern Bullish Engulfing which started the active minor wave iv. Given the strength of the support level 113.75 and the oversold daily Stochastic, Solana cryptocurrency can be expected to rise to the next resistance level 130.60.
COINBASE:SOLUSDLong
by FxProGlobal
$SOL Dumps 60% - Is it Over !?CRYPTOCAP:SOL DUMPED OVER 60% ‼️ That’s after a 3,500% pump from the bear market low in ’22. Is it over!? TL;DR - NO. This is common after such an insane pump. SOL Dec ’20 - May ’21 5,700% pump 71% correction then another 1,290% pump Let’s look at previous cycles with $ETH. Dec ’16 - June ’17 6,380% pump 67% correction then another 916% pump Dec ’18 (bear market low) - May ’21 4,860% pump 62% correction then another 185% pump So you see my fine feathered friends, there’s nothing new here. Targets still remain $700-850 🤠
BINANCE:SOLUSDLong
by jonnieking
Bullish Pattern Forming & Key Resistance Test📊 $SOL/USDT Market Update – Bullish Pattern Forming & Key Resistance Test 📈 Solana ( CRYPTOCAP:SOL ) is currently forming a bullish pattern. A breakout above the black resistance line could signal further upside momentum. 🔄 If CRYPTOCAP:SOL successfully breaks this resistance: First target: Blue line level (previous Lower High - LH). 📌 Failure to break the resistance may lead to a pullback before another breakout attempt.
COINBASE:SOLUSDLong
by WaveRiders2