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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

Can Solana (SOL) top $200 in October?With Bitcoin touching the GETTEX:64K today, the altcoins are witnessing a massive demand boost. Amid the bull market, Solana releases major development announcements at Token2049, fueling the SOL price rally. In the daily chart, the Solana price action reveals a new bull cycle gaining momentum. Over the last three days, the Sol price has increased by 14.50%, creating three consecutive bullish candles. As Solana hits the $150 psychological mark, it trades with an intraday gain of 5.47%. The overall bull run in the last two weeks has witnessed a price surge of 20.52%, taking support from the crucial level of $125. With the rounding reversal, the SOL price approaches the neckline near the $160-$163 supply zone. Hence, the tectonic shift in Solana supports the bullish rally and teases an uptrend continuation.
Long
by paul_endeo
SOLUSDT – Potential ABC Correction into ResistanceIn this analysis, we’re tracking an Elliott Wave structure on Solana’s daily chart. Here’s what we’re seeing: Resistance Zone ($150-$160): This zone has been tested multiple times and remains a critical level to break for further bullish continuation. A break above this area could lead to a much stronger move towards $170+ levels. Elliott Wave Count: We have just completed a 5-wave impulse down, marking a significant local bottom around $129-$130. Now, we’re possibly in the midst of an ABC corrective wave: (A): First push upwards off the $129-$130 zone. (B): Expected pullback after testing the resistance. (C): Potential rally back to $150-$160 resistance to complete the ABC structure. Support Trendline: The ascending yellow trendline connects key lows and is guiding the price upward. This line will act as dynamic support, and any break below it could invalidate the bullish scenario. Key Levels: Watch the resistance zone at $150-$160 closely; breaking this with strong volume would confirm a bullish breakout. Failure to break above could push SOL back to retest support around $130-$135. Conclusion: SOL is entering a critical phase. The ABC correction points to a potential test of the resistance zone at $150-$160, but traders should be cautious of rejection here. If the bullish scenario plays out, we could see a move toward $170+. However, invalidation below the ascending support trendline could lead to more downside.
by Blockbullder
Honestly, I don't feel like explaining, the chart says it all !!SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
SOL: Bears in ControlWill Solana Hold the Line at $127? Solana's price action is tense, trading at $127, a key psychological and technical support level. The recent decline has been driven by negative sentiment, exacerbated by institutional outflows and overall crypto market weakness. However, this is also where the market could flip. Traders should be on high alert for any signs of reversal or continuation as SOL approaches oversold conditions across multiple indicators. Momentum Breakdown: Bearish but Ready for a Rebound? The 1H RSI is deep in oversold territory, signaling that sellers may be running out of steam. With the price pressing against the lower Bollinger Band, a quick bounce isn’t out of the question. The MACD shows lingering bearish momentum, but the gap between the histogram bars is narrowing, hinting at a potential bottoming out soon. On the 4H timeframe, the RSI remains low but slightly more stable. Volume spikes on the 4H chart could indicate that larger players are preparing for a potential reversal or trying to push the market further down to scoop up cheaper tokens. Watch for a Bounce or Breakdown Bullish Scenario: If SOL manages to defend the $127 level, we could see a short-term bounce to $132.50, which aligns with the 50-day moving average and upper Bollinger Band on shorter timeframes. A successful breach of $132.50 would indicate strength, and the next target would be $138, where multiple resistance levels cluster. Bearish Scenario: A sustained break below $127 could trigger a sell-off down to $123.28, a secondary support level. If that fails, expect deeper pain with $110 in sight, especially if the broader market stays bearish. A drop in OBV supports this negative outlook, signaling continued distribution. Trader Takeaway: Timing is Everything This is a high-risk, high-reward moment for Solana traders. Watch for a bounce at $127 for a quick long trade, but be prepared to cut losses quickly if the level breaks. Volatility is likely, and setting stop losses tightly is crucial here. If you’re a swing trader, a break above $132.50 could offer a safer entry for a ride up to $138 or even $150 in a stronger market rebound. For now, the best strategy is patience and caution—the next 24-48 hours will reveal whether SOL has the strength to rally or if the bears will tighten their grip. With Solana teetering at $127, now is the time for decisive action. If you're eyeing a bounce, this is your potential entry point, but be ready to exit quickly if support breaks. Set tight stop-losses below $127 to protect against a further drop, and monitor volume closely for signs of a reversal. If $132.50 is breached, it could be the start of a broader recovery, giving you a prime chance to ride the wave higher. In this volatile zone, quick reactions and well-placed orders will be key to staying ahead. Stay engaged, don’t miss the breakout!
by MonoCoinSignal
Solana | Simple Candlestick ReadingLet's look at Solana based on candlestick reading. (Notice the numbers and letters on top of the candles.) ➖ March 2024 signals the end of the bullish wave. (1) Breakdown. After the rise prices move lower strongly for the first time. (2) The first breakdown is confirmed by a second breakdown. (C) Continuation. (3) Strong breakdown. Lower high compared to number one. This session becomes the main market bias. The main bias is down based on this candle. What is happening now is a down-move. This down-move started on number one and is confirmed here again at number three. (C) Consolidation of the breakdown. (4) Breakdown. (C) Consolidation likely leading to the continuation of the breakdown. ➖ The whole dynamic is one of lower prices. A bearish trend. It would take at least six months for this chart structure to change. ➖ Conclusion & Interpretation My opinion, based on the above data, is that Solana will continue to move further down before changing from bearish to bullish. When will it change? The chart will let us know. When the chart shows the reversal (bullish signals), I will share them here with you. Namaste.
Short
by AlanSantana
12
SOLUSDT, Mon 16 Sep. Patience For Profit!I didn't want to trade on Sunday either, but it was a good trade. Better than the profit I made, it was to correct my own price range. Now I see this week's market better (of course I think). In my opinion, this week will be a down week for Solana. I also got confirmation of it from the dollar index chart. If you look at the chart of the dollar index, (in my opinion) it will have a bullish week. What is my plan? I will wait for the price to perform its fluctuations. He may do a low-risk trade in the afternoon, but this is not my main trade. My price range is from 138 to 120 soles. The price has once touched the 50% Fibo level and is moving upwards. How high will the price go? (I don't know) But when I see that the structural shift market takes shape, I will wait for a good shorts. This wait may last until Thursday. If you are with me, wait for my updates by boosting this idea! If you have any comments, please share them with me. Begging for patience!
Short
by kevin13433
2
3 Clear Outcomes for SOL heading into Q4Alrighty tradegang - we're looking at SOL daily here One of two things are going to happen... or both A) Price is in the process of forming a higher low and demand in that range is increasing volume wise, which means we hit the first fair value gap for sure, possible even 147 range B) We test the demand zone a 3rd time, and form a new ceiling - meaning we would be bearish and heading down to $120 again C) Price does retest demand zone, but the low will be $127, which would still be a higher low and a bullish indicator heading into Q4
by laynenels