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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

SOL: Oversold TerritoryThe market sentiment for SOL is currently bearish, with technical indicators suggesting caution due to potential downside risks. Key Factors Influencing SOL Price MACD: The MACD is bearish, with the histogram at -0.93, MACD line at -9.31, and signal line at -8.38, indicating strong bearish momentum. Stochastic Oscillator: With %K at 3.34 and %D at 6.16, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound. RSI: The RSI at 25.69 indicates that SOL is in oversold territory, which could signal a potential reversal or consolidation. Price Trends and Resistance Levels: Local Resistance: Found at $151.45, a key level to watch for a potential breakout. Solid Resistance: Found at $171.21, which, if breached, could signal a strong upward trend. Local Support: Found at $135.05, which could act as a support level in case of a pullback. Dynamic Resistance: Aligns with the upper trendline, providing additional resistance around $151.45. Potential Market Scenarios Bullish Scenario: A break above the local resistance at $151.45 could lead to further upward movement, potentially targeting the solid resistance at $171.21. This move would likely confirm bullish momentum and attract more buyers. Bearish Scenario: If SOL fails to break above the local resistance, it could retest the support levels at $135.05 and potentially fall to the solid support level at $121.00. A break below $121.00 could signal further declines, with dynamic support suggesting lower targets. Conclusion and Market Outlook SOL is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
by MonoCoinSignal
Solana Can Hit $88 Easily, If This Happens...We are now witnessing a bearish impulse; this happens when bearish momentum starts to grow. We know this to be true because of a volume breakout (biggest volume bar since April) and a long-term lower high (July {lower} vs March). These signals reveal a bearish bias and the current action reveals the creation of a new major low. 👉 Solana is set to hit $110 within days, as the next lower low and an easy target of $88 in the coming weeks. $88 is the price at which SOLUSDT traded around January 2024, our baseline. Lower or growth after the baseline is hit? We will have the answer to this question soon but for now, we have to wait and see. ➖ If things get really bad, we can see prices move to $77, $70, $65 or $55. ➖ If everything goes well, a reversal can happen in the $80-90 price range. We are open to all scenarios and let the market take care of the rest. Prices are going down now, do whatever you need to do in order to protect your capital or even profit while the Cryptocurrency market correction reaches its end. I hope you find this information useful. Thank you for reading. Namaste.
Short
by AlanSantana
6
SOL/USDT 4H Bearish Momentum-Oversold Conditions - What’s Next?The chart shows a clear downtrend in the recent period, with the price dropping from around $185 to $141.22. Lower Highs and Lower Lows: The formation of lower highs and lower lows is evident, indicating a bearish market sentiment. current price is around $141.22, which is a significant drop from recent highs. Resistance Levels: Immediate resistance at around $160, where the price recently faced rejection. Stronger resistance at around $180, the recent high before the downtrend began. Support Levels: Immediate support is observed at around $140. Further support at $120 and $100 if the price continues to decline. RSI: Current RSI Value: The RSI is at 26.64, indicating that the asset is in oversold territory. Historical RSI Movements: The RSI has dipped below 30 multiple times, suggesting periods of oversold conditions that could lead to a potential reversal or consolidation. Patterns and Indicators A potential bearish flag pattern can be identified, suggesting a continuation of the downtrend if the support at $140 is broken. Bottom Line: The SOL/USDT 4H indicates a strong bearish trend with the price consistently making lower highs and lower lows. The RSI suggests that the asset is currently oversold, which could indicate a potential for a short-term bounce or consolidation. the bearish flag pattern and the overall trend suggest caution, as further declines are possible if the support at $140 is broken. Traders should watch for confirmation of a reversal or a break of support before making any trading decisions.
by kashifone1
SOLUSDT.1DUpon examining the SOL/USDT daily chart, it’s evident that Solana has exhibited substantial volatility over the analyzed period, reflecting significant investor interest and market activity. Here’s a detailed breakdown of the technical aspects: Support and Resistance Levels: Support Level 1 (S1) at $116.96, which is critical as it previously acted as both resistance and support. This level could play a pivotal role in determining short-term price movements. Support Level 2 (S2) at $93.66, a deeper level which may come into play if there is a significant bearish downturn. Resistance Level 1 (R1) at $164.23, near recent highs and a potential target for bullish momentum. Resistance Level 2 (R2) at $193.09, marking the peak reached during a recent surge and representing a strong resistance area. Technical Indicators: The MACD (Moving Average Convergence Divergence) is currently showing a bearish signal with the MACD line below the signal line and both trending downward. This suggests that there might be continued bearish momentum in the near term. The RSI (Relative Strength Index) is below the mid-point (50 level), indicating bearish momentum but not yet in the oversold territory, which suggests that there could be room for further downside before any potential reversal. Conclusion: The SOL/USDT pair shows a bearish trend with the potential to test further supports if the current levels do not hold. The key area to watch is Support Level 1 at $116.96. If this level is breached, it could lead to a test of Support Level 2 at $93.66. On the upside, any reversal from these levels might attempt to challenge the resistance at $164.23, and a breakout above this could target the high at $193.09. Given the bearish indications from the MACD and the RSI positioning, traders should be cautious and consider setting stop-loss orders to manage risks effectively. Watching how the price reacts at these support levels will be crucial for traders looking to either capture rebounds or brace for further declines. As always, keeping an eye on broader market sentiment and developments specific to Solana will be vital for adjusting trading strategies accordingly.
by MarsSignals
We Will Have a Small Correction Before The Breakout 👉 At The High Timeframe (Weekly) ,SOL Perfectly Completed W1 And W2 Of Impulsive Move And Currently Playing At The Wave 3 📥 For Me Here Is Not a Interesting Point To Buy Me Because The Price Exactly Rejected From The Main Trend Line And Also Wave 3 From Main 3 PRZ ,There Are Two Important Buy Levels For The Next Move ,130$ And 100$ ,Will Share a Update About SOL If I See And Bullish Pattern At Low Timeframe But Totally I Don’t Suggest You To Enter The SOL At This Point
by Bullish_Traders
1
SOLUSDT, Sat 03 Aug, Updated 3 !The Sol Price Action in Weekend! There are many News on US Market Yesterday! Today Is Saturday but the market is open and Trading! What I see in Market of Sol till now, I expected: We can have Long Position in NY Session (Maybe & Maybe) But I looking for Big short Position; when the price will hit the "Buyside" And when I get confirmation from BTC Price Action. The BTC must hit its "Buyside" first. There are few "FVG" `s sit on FIBO`s Levels. Which FVG will be respected By Price? Then We can get Big short Again! Happy Weekend!
Short
by kevin13433
Solana breach the 4 hours resistance but will it breakout soon?The current price for Solana is USDT41.52 nearing the 1 day resistance of USDT42.25. Traders need to wait for 2 to 3 weeks time to see the price action will or will not have a 7% above green closing candle stick break out. If there is a breakout the price will definitely go higher for more than 100% or above USDT84.50. Based on the next nearest resistance is USDT143.31 for the 1 week charts resistance. Once 7% break out it is all clear the price will reach USDT143.31. If the strong tail wind of Grayscale Bitcoin ETF will be approved soon and the continue war between Israel and Hamas tension continue, then there will be no further issue the price will go higher. This will only happen when there are no new strong headwind coming into play in cryptocurrency in the coming 6 months time
Long
by juntech8
1
SOLUSDT Bullish Corrections: Heading Towards $164Analysis: Following the impact of yesterday's news, SOLUSDT is showing signs of bullish corrections. The price has been correcting from the $152 price region and is now making its way towards the $164 price point. Key Points: News Impact: Recent positive developments have sparked renewed interest and confidence in Solana (SOL), leading to increased buying pressure. NFP Impact: The Non-Farm Payroll (NFP) report released today significantly affected the market. As a result, we observed a Bitcoin price drop, which caused traders to panic sell across the crypto market. Despite this, SOLUSDT is demonstrating resilience and a bullish correction. Support Level: The $152 region has shown strong support, acting as a solid foundation for the current upward movement. Target: Based on current market momentum and technical indicators, the next significant resistance level appears to be around $164. Technical Indicators: Moving Averages: The 50-day and 200-day moving averages are converging, indicating potential for a bullish crossover. Relative Strength Index (RSI): Currently trending upwards, suggesting increasing buying momentum. Volume: There has been a noticeable uptick in trading volume, supporting the bullish outlook. Conclusion: With the support at $152 holding strong and the market reacting positively to recent news, SOLUSDT is poised for a move towards $164. The market's response to the NFP report, causing a Bitcoin price drop and subsequent panic selling, adds an extra layer of volatility to monitor. Traders should watch for potential pullbacks and confirm the uptrend with volume and momentum indicators. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
Long
by TheLastLuftwaffe