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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

What is next for SOL?Hello everyone, CRYPTOCAP:SOL has been one of the best-performing altcoins up to today. According to the chart, what can we expect for CRYPTOCAP:SOL in the coming weeks? Firstly, CRYPTOCAP:SOL is forming two patterns: a double bottom and a descending triangle, with a potential target hitting the previous all-time high (ATH) at $260. After breaking the ATH, you can hold your CRYPTOCAP:SOL until $457-$521, which could become the new ATH this bull market. However, in a bull market, it's unpredictable, so if CRYPTOCAP:SOL trades successfully above $521, it could potentially make a historical run towards $3800-$4366. CRYPTOCAP:SOL is one of the altcoins that you should definitely keep in your wallet. The resistances on the way after the ATH are: $328 $393 $457 $521 as a final target Feel free to ask about anything. Have a nice day.
Long
by TANcrypt0
3
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy. 💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario. 💎Should #SOL break above $151.18, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $134.77. 💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
4 conditions for profitable trading👀Be sure to read the description on the FIG Thank you for supporting me❤️❤️ ✅If you have seen these 4 items, you can have a profitable trade 1️⃣ Let's have a trend. No side 2️⃣ Find a price pattern that is forming (before confirmation). 3️⃣ Let the price hit a key support or resistance 4️⃣ If you see a price pattern in the lower time-frame on the key level, trade after seeing the confirmation. 🔰In this case, you can get the targets from the bigger pattern
Education
by Eldorado_Land
1
Solana Price Breakout Alert: Levels Every Trader Must Watch!The latest technical analysis for BINANCE:SOLUSDT on the 4-hour chart reveals intriguing insights into potential movements and trading opportunities. With a recent close of $142.09, SOL's performance is closely monitored by traders seeking to capitalize on short-term trends. The immediate resistance level of $142.12 is crucial for determining the next upward movement. If SOL breaks above this point, the price could test higher resistance at $142.68 and subsequently at $143.05. These higher resistance levels are significant markers for bullish traders. A sustained break above $143.05 could signal a strong bullish trend. On the downside, the immediate support level to watch is $142.03. If the Solana price fails to hold above this level, it may fall to lower supports at $141.8 and $141.55. These levels provide additional support, potentially preventing further decline. A breach below $141.55 could indicate a bearish trend, inviting further downside risk. Exponential Moving Averages (EMAs) indicate a generally bullish sentiment. The 9 EMA, currently around $141.47, is above the 20 EMA, approximately $140.64, signaling an upward trend. The convergence of the EMAs suggests that SOL is maintaining bullish momentum, although traders should watch for any signs of divergence that may indicate a shift. MACD analysis shows the MACD line consistently above the signal line, suggesting bullish momentum. The histogram's positive values reinforce this sentiment, although a narrowing histogram indicates that the bullish momentum might be weakening. Traders should monitor the MACD closely for any potential crossovers that could signify a reversal. Meanwhile, the Relative Strength Index (RSI) fluctuates around the 50 mark, currently at 54.31. This neutral position indicates a balanced market without extreme overbought or oversold conditions. A move above 70 could signal overbought conditions, suggesting a potential pullback, while a dip below 30 could indicate oversold conditions, presenting a buying opportunity. For long trades, a confirmed break above $142.12 could be a good entry point, aiming for resistance levels at $142.68 and $143.05. Traders should consider exiting at or near these resistance levels, particularly if there are signs of price rejection or weakening bullish momentum. For short trades, if SOL falls below $142.03, it could trigger short positions targeting the next support levels at $141.8 and $141.55. Exiting short trades at these support levels may be prudent, especially if the price shows signs of stabilization or reversal. In conclusion, the Solana price presents a mixed yet cautiously bullish outlook on the 4-hour chart. Traders should pay close attention to key support and resistance levels and monitor technical indicators for signs of momentum shifts. As always, prudent risk management and thorough analysis are essential for successful trading.
by Ecoinimist
#SOLUSDT ETF Approval Will Send The Price To New ATH🔹Over the last week BINANCE:SOLUSDT price has increased by 20%, pushing the price above the 200 MA ($137.98). Surge in SOL's price is linked to excitement over potential spot Solana ETFs. 🔸VanEck and 21Shares submitted applications for spot Solana ETFs to the SEC. SEC has 240 days to decide on the spot Solana ETF applications. 🔹Analysis of DApps and on-chain activity supports SOL's price strength and potential for further increases. If so, the bulls can push the price above the 50 MA ($151.30). After establishing the 50 MA as an support buyers next target could be $173.25, $200.00 and $215.00. 🔸Conversely if the price fell below the current support, the 200 MA ($137.98), and the support at $120.00 - $116.00 which are really important. Sellers can get the upper hand in this scenario and will be able to push the price down to $100, $94, $85 and $80.
Long
by Zanzibar_Trading