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SOLUSD trade ideas

SOLANA : BEWARE OF THE UPPER BOUND- the market has been trading in a wide 40$ range, between $80 and $120, since the end of 2023. The medium-term trend is therefore neutral. - This range interrupted the underlying bullish trend started in the last quarter of 2023. Prices first failed to cross the $120 level, then corrected towards $80 where buyers were numerous and powerful enough to prevent the market from going lower. A rebound then took place, leading prices to trade above a short-term trend line, up to a level close to the upper limit of the trading range. Both the 21 and 34 period moving averages remain bullish, providing price support, but the DMI indicator continues to display a lack of directionality in the short term. - Although the growing appetite of individual and professional investors for cryptocurrencies is now certain, technical analysis tells us that it is perhaps still a little early to say that the consolidation has come to an end on SOLANA. Indeed, the lack of a new high combined with the lack of directionality of the movement could prevent the long-term investor from starting to increase their exposure to this asset. On the other hand, a clear daily crossing of the $120 barrier will however unlock the new upward potential that everyone is waiting for, with short-term targets located around $132.85, $145.65, $163.90 then $187.15 by extension. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
COINBASE:SOLUSD
by ActivTrades
SOL - LONG TERMSolana is a high-performance blockchain platform designed to provide fast and scalable decentralized applications (DApps) and cryptocurrencies. Known for its emphasis on speed and low transaction costs, Solana has gained popularity within the blockchain space. One of Solana's key features is its unique consensus mechanism called Proof of History (PoH), which helps order transactions before they are added to the blockchain. This innovative approach contributes to the platform's high throughput and low latency, making it well-suited for applications requiring quick and efficient transaction processing. Additionally, Solana employs a combination of Proof of Stake (PoS) and Proof of Replication (PoRep) for added security and decentralization. The platform aims to address some of the scalability challenges faced by other blockchain networks, providing developers with a robust and efficient environment to build decentralized applications. Solana has gained attention for hosting a variety of projects, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and various blockchain-based games. Its commitment to scalability, speed, and low fees positions Solana as a promising player in the evolving landscape of blockchain technology.
BINANCE:SOLUSD
by clasaicrypto
1
SOL Eyes $158 with this breakout run!Inverted Head and Shoulder Breakout: Solana's price trend in the daily chart hints at an imminent breakout from an inverted head and shoulder pattern, suggesting a bullish reversal. Neckline at $115: The SOL price is approaching a critical resistance, with a neckline at $115, indicating the potential start of a bull run beyond $150. Significant Trading Volume Increase: A 24-hour trading volume of $1.55 Billion for Solana, marking a 14% gain, reflects growing investor interest and market activity. Pre-Halving Rally Anticipation: As the crypto market edges towards a trillion-dollar market cap, altcoins like Solana are gearing up for potential bull runs, with Solana positioned as a prominent player for bullish turnarounds in 2023 and beyond. Reclaiming Key Psychological Mark: SOL's recovery above the $100 mark and its network growth underscore Solana's rising prominence in the crypto space. Fifth-Biggest Crypto by Market Cap: With a market cap of over $49 Billion, Solana stands as a critical asset in the current "Pre-Halving Rally" phase. 23% Rise Over the Last Four Weeks: SOL's price has witnessed a notable 23% increase in the last month, alongside a significant jump in trading volume. Strong Resistance at $115: The weekly price trend shows $115 as a formidable resistance level, pivotal for SOL's trend reversal and potential bull run. Potential Retest of $100: Despite recent gains, there's a warning of a possible retest of the $100 level before any bullish breakout. Network Growth and User Activity: The Solana network's rebound in the DeFi space and the increasing number of active users signify a robust ecosystem.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight
3 DRIVES, CNH..?618 From the LL was respected and made a new uptrend. Complex IHS tgt was met. The 618 bounce has pushed us back up into the uptrend range. Currently looking for the 3 drives pattern to complete with eyes on the 145 area still. Current PA is within consolidation after the 3nd drive. This should bounce as a retest around the 102 level. 3rd drive could reject around 125 to form a wider CNH pattern current CNH levels indicate a tgt around 143 while a broader CNH could give a tgt around the 155 level. Both would require consolidation around their respective 050 level for pattern completion.
BINANCE:SOLUSDLong
by MtGoxFX
1
$SOL Dance Resistance to Higher HighsSOLana is presenting nice entry points today from $112 down to $109 in resistance areas before it continues higher. Next major resistance at $125 area where it topped out just after giving us Christmas gifts that foreshadowed the current bull market. Proceed with caution. Stay strong. If it dips below it is probably a shakeout and will bounce soon enough. SOL is going way high this cycle so be smart and patient and the ☀️SOL shine will light you up!😎! NOT FINANCIAL ADVICE! PS this is my first published idea here. Hope you get something out of it!
COINBASE:SOLUSDLong
by cryptoseedjohnny
SOLANA|supply and demand areas and the best areas to buyYou can see the Solana chart in the 4-hour time frame. What happened to Solana is that he broke a descending channel upwards, with a new upward trend that he had in the form of a channel, he was able to record a new top. All these signs are a sign of change and we expect this new upward wave to continue. Important areas of supply and demand are drawn on the chart. For buying positions, on the demand areas that I specified, you can enter the position by seeing the candlestick and price patterns. My target for buying positions is the $116 area If it goes below the price of 86 dollars, then I will think about selling Solana and I will not buy this currency anymore
BINANCE:SOLUSDLong
by Golden_Star1994
15