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 $94 dollars? Really depends on Big Daddy BTC...I would start putting bids in the area before the next leg up. Watch BTC as 46k is in the cards for a FIB retracement.by jimmythis3432
Solana -trading plan with date and price predictionSolana is following a 240 day cycle( purple line ) spread in 3 X 80 day cycles ( red lines) the low of which is due in April . You can match with previous purple lines , you ll find a low there . We are currently on B ( 2nd wave ) of corrective wave . In this wave prices will rise to 120$ , that too in 3 subwaves 1st up from 80$ to 105$ - just finished 2nd down to 93$ levels - just started today 3rd up to 115-120 $ and then B wave will be over .. Trades can be places at ,90$ + levels to exit at 115$+ levels currently . Long term BUY can't start till the three waves are over .This will happen when the next wave gets over which is C wave expected in Mid April . So in a nut shell, Long term buy in mid April at 80$ Short term trade at 90$ + in the next 2-3 days and sell this position at 115$.Longby cryptoantegerUpdated 228
Retest into CNH..?Retest back to ~105 is looking good and starting to bounce on LTF. Im eyeballing a climb to ~145 next to complete the CNH. Longby MtGoxFX224
Solana fib retracement Incoming high rewardsTrending chart of Solana. showing different fib lines, explaining and showing how the fib retracement works. on this chart the golden buy zone is yellow. We are currently waiting for solana to go back up on the RSI on 15minLongby chrisGTR0
✴️ Solana | Lower High?Solana has been moving within a lower high for 52 days now, since 25-Dec 2023. On the chart we can see an interesting dynamic. When prices are set to grow, after a peak we normally get lower lows and lower highs as in a falling wedge or descending channel, shown as (1) on the chart. After the 25-Dec peak we did in fact had this dynamic until a bounce happened 23-Jan, this produced a lower high yesterday (2) and broke the bullish continuation pattern we are used to see. 👉 If SOLUSD fails to break yesterday's high in the coming days, down we go. This is not financial advice. Thank you for reading. I'll you see on the next chart. Namaste.Shortby AlanSantanaUpdated 313156
SOLANA: Still bullishSOLANA's price action is still bullish. There is a goof chance that we will see a test of the 100 SMA (currently at 106.63). In my opinion, if that happen, it could be a very good buy opportunity. TP is 122 and we will get there. Longby RF_Trading445
SOLANA : BEWARE OF THE UPPER BOUND- the market has been trading in a wide 40$ 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. by ActivTrades4
Solana (SOLUSD)Solana will continue up to more and less $126 before it goes in correction again to hit then around $165 As I posted at the end of January I intended to buy Solana at the price of $85 But Binance decided to make things difficult for us who live in Europe. I had to find another way to deposit and withdraw which made me lose momentum. the good part is, the market is made of momentumSLongby ImSoloInvestor3
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.by clasaicrypto112
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. Longby Coinpedia-Market-Insight6
SOL looking for another +50%?Long Term EMA Index acting as support. $102 is a tough resistance, however SOL moved very fast recently, Large Trader index Dropped 30% on Daily chart. Based on the experimental data, it is very likely to see another run up to $154 per SOL in third week of March.by TAS1TheActualSnail6615
Solana in bull trendReally liking the price action on solana i see us running up this trend to 126 assuming we can blow through 118'sLongby Cbarth941
The SOLTrain Heads NorthBarring a break below the orange line, we should see Solana stretch upwards above the $100 mark for yet another crucially timed test. I expect this test to fail in establishing support. What's your thoughts on the next few days ahead for CRYPTOCAP:SOL ?Longby DigitalSurfTradingUpdated 8828