SOLUSD Trade IdeaIf the falling trend line is broken and retested successfully, then SOLANA will go up. If not, you can make Stop Loss price as your short target. Good Luck!by TetanForexUpdated 1112
solana scalping shortsolana crated head and shoulders bearlish pattern it will dip soon and create a HL Shortby GNBTHETRADER2
Solana's Price Spikes to a 22-Month High, Outperforming BitcoinSolana ( CRYPTOCAP:SOL ) is up 16% over the past 24 hours to $131, and rose slightly higher above $134 earlier Thursday morning. That’s the highest price that Solana ( CRYPTOCAP:SOL ) has seen since April 2022, and represents a 26% leap over the past seven days. By comparison, Bitcoin ( CRYPTOCAP:BTC ) is actually down less than 1% over the last day to a current price just under $62,400, but has climbed 21% over the past seven days. Ethereum, meanwhile, is flat today at $3,450, but up 16% in the last week. Meme coins on Solana are similarly soaring, thanks in part to the broader market boom and likely Solana’s own accelerated climb. Leading Solana meme coin Bonk ( SEED_DONKEYDAN_MARKET_CAP:BONK ) has more than doubled in price over the past week, up 104% to a price of $0.000024 at present—a 48% spike in just the last 24 hours. And WIF, aka Dogwifhat—a coin based on a meme image of a dog wearing a hat (yes, really)—has jumped 156% this week to $0.82, and set an all-time high above $0.88 early Thursday. With these latest spikes, BONK has a market cap of nearly $1.6 billion, making it the 64th biggest coin by that metric, while WIF’s market cap has spiked to $823 million. Why is SOL pumping? As Bitcoin goes, so too do most major altcoins—and Bitcoin is absolutely booming of late. CRYPTOCAP:BTC nearly hit $64,000 on Wednesday, marking the highest price seen for the leading coin since 2021. At that point, it was also just 12% away from the all-time high price just above $69,000 from November 2021. What’s driving Bitcoin’s resurgence and potentially impacting the rest of the market? Bitcoin has seen sizable gains in recent months due in part to the approval and adoption of spot Bitcoin exchange-traded funds (ETFs) in the United States. They allow traders to gain exposure to Bitcoin without holding the actual asset. Billions of dollars are flowing into such funds, and the fund operators are thus buying up loads of BTC to support those funds. On top of that, excitement over the next Bitcoin halving—upon which mining rewards are cut in half, slowing the production of new BTC—may be driving gains ahead of the expected mid-April event. SOL may be a leading beneficiary of these Bitcoin events, but the Solana ecosystem has seen its own substantial growth and renewed optimism in recent months. The cryptocurrency fell as low as nearly $8 in December 2022 following the collapse of FTX, but has rebounded dramatically since. It’s up 468% in the last year alone.Longby DEXWireNews3
Sol momentumSol is back to the momentum trend line on a heavy reversal. The previously rejecting fib has been blasted through on this BTC hype. I expect a test of 137$ soon, these targets I have had up for a while, I will update if we get over 140 with more long-term price action.Longby Apollo_21mil4
KOG CRYPTO - SOLUSDWelcome all, We're testing out some Crypto using our unique strategy and applying the algo. We're already running the test on this since last month so far running at 10% gain locked in. It's a test at the moment, let's see how they perform. As always, trade safe. KOGby KnightsofGoldUpdated 4438
solanasolana weekly with 4 confluences 61.8fib, one touch two touch, key resistance of channel fib and liquidity for a possible 169by awakensoul_3693
Cup and handle formation on SOL on daily, WATCH OUT!$Solana formed massive cup and handle formation on daily. First target $143Longby spyguy7772213
SOLANA Continue bullishSOL may continue to fly after broke the resistant. We are looking for the next resistant which is trader or investor may take profit.Longby najibsharuddin337
Solana - Trying to Breakout of NecklineSolana is trying to break out the neckline of the H&S pattern. Just needs a bullish close this week and then it should be off to the races. Solana has been finding the most bids in this run among altcoins. Goodluck!Longby Kemsdale1
Solana ready to break out of resistance with good volume Playing a trend continuation trade here, with SOL showing good volume and looking like it's going to break the previous resistance highs. Many other alt coins already broke up today so this looks primed to pop. Buying on breakout, stop loss at last support, target late 2023 highs.Longby HolRizUpdated 5
SOL breakout imminent?The Solana chart bears a striking resemblance to Ethereum's pattern during the previous cycle, which underwent a correction lasting just over 100 days. Presently, we find ourselves approximately 60 days into this correction; however, there's a notable difference. We are on the cusp of a potential breakout, and if we manage to surpass the $117 mark, there's a strong possibility of a swift ascent to $150 or more within a relatively short timeframe. The dynamics suggest a promising trajectory, and breaking this key resistance level could pave the way for a substantial upward movement in the Solana marketLongby treeswayUpdated 2
SOL long term targets#SOL #SOL_LTA Sol was amongst the top gainers during previous bull market. using previous data, here are the important future areas and targets: 616$ - 708$ 1919$ - 2419$ 9300$Longby ilyann113
SOLANA: A retest and then 122 Last call on Solana's PA was close to perfection. Now, we could expect a retest of the 50 or 100 SMA, even the 200 SMA would be possible. This would also reset the funding rates, which appear quite stretched at the moment. After that, we could see a rally towards 122 (next target). Longby RF_TradingUpdated 112
SOLMirroring and flipping that December price action to current juncture Inflect here and now from mid of current range Run higher to range highs up to 133, which happens to be mid of the whole move Continuation higher if can start closing above 133Longby jhonnybrah113
Potential SOLANA Long SetupSolana has had an amazing run from its bear market lows at around $8 to the current 2023-2024 local top at $126.5. SOL has been consolidating in a Bullish Pennant for the past 62 days, holding and bouncing off the 0.382 FIB Retracement level on the measure move from $8 to $126.5, and with BTC posturing for a pump to $54.5K... SOL should follow suit and pump up to create a new local high. I am loading up a SOL swing trade long here between $100 and $105 SOLANA. The upside targets are the .0382, 05, and 0.618 Fibonacci Trend Based Extension levels on the measured move from $8 to $126.5 to $78. If BTC sustains a pump to $54.5... SOL should follow behind and meet these areas of interest for take profit levels. The immediate levels of entry at the 0.382 and 0.5 are where I will be taking heavy profits. ENTRY $100-$106 TAKE PROFIT LEVELS: 0.382 ($123) , 0.5 ($137), 0.618 ($150) Fibonacci Extension Levels Highlighted in White. STOP LOSS: $99.8 (roughly 6% below entry if you enter at $105-$106) I recommend moving stop loss to entry once take profit level 1 is hit at $123, to protect profits and working capital. I am swing trading this position on SPOT with no leverage and no stop loss, if the trade goes against me I will simply hold the SOL longterm and send it to my ledger. I am risking only 1% of my spot trading portfolio. This setup offers a great risk to reward proposition. Risk 6% to gain 20-50% roughly on the move up, which again, is contingent on BTC moving up to high time frame resistance at $54.5K. This is not financial Advice. This is an interpretation of my swing long trade setup. A trading journal entry. Mind your own risk.Longby junglefamous559
SOLUSD 1D Corrective to Wave (4)As we embark on this visual journey let us harness the power of knowledge to illuminate our path forward... Together we can unlock the potential within these charts and empower each other to drive impactful decisions and conquer new horizons. Wait until wave C of (4) for entry. Short squeeze to $136 in consideration but not likely. Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by the Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.Shortby TheCryptoChartWhispererUpdated 8
SOL/USD: Wyckoff Echoes on the Weekly Chart - $180 in Sight?The SOL/USD weekly chart shows an interesting development with a potential resemblance to a Wyckoff schematic. Based on technical analysis, this pattern could indicate a move towards $180. However, remember that the crypto market is volatile and reaching this target is not guaranteed.Longby ParabolicPUpdated 12
solusdIt is possible that we are in the last rise of this currency in exchange for a major correction coming to it, according to the data shown on the chart. Therefore, do your own analysis and be careful.. Good luck. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.Shortby KhaldHegazy8
Solana might enter a corrective moveSeems a little bit overbought in comparison with the Lmacd showing a bearish divergence on the daily chart. Shortby elalemiami0
SOLUSDT - SHORT 21 - 23 FEB 24This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luckShortby ReyDragon21Updated 4
Solana: 200 SMA as support Solana is finding some support at the 200 SMA, if the general market holds, we could see a quick rally to 105 and then to ca. 108. There we have the 50 and the 100 SMA, I therefore expect some side ranging. First target on the upside is 111, to the downside is 100 (buy the dip opportunity) or 95 if the entire market flushes. Longby RF_Trading2214
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis). Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move. Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout. We hope for a test of the previous high and a runner.Longby TheSpringHunter0
Head and ShouldersThis is short term price action. We have a small head and shoulders printing on the 4hr. Will we see a bounce here at $94 dollars? Really depends on Big Daddy BTC...I would start putting bids in the area before the next leg up. Watch BTC as 46k is in the cards for a FIB retracement.by jimmythis3432