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SOL / TetherUS PERPETUAL CONTRACT

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SOLUSDT.P trade ideas

$SOL - AnalysisCRYPTOCAP:SOL 4H 1. Harmonic Pattern: - A potential harmonic pattern is observed, consisting of points X, A, B, C, and D. - Point D is located at the 0.952 Fibonacci level, indicating the completion of the pattern, and there is an expectation of correction or reversal. 2. Order Block: - An "Order Block" area is identified near the price peak (range of 156 to 160). This area could act as a strong resistance, with a likelihood of price reversal from this level. 3. Ascending Trendline: - The price has reacted to an ascending trendline multiple times. This line can serve as strong support, and if broken, it could lead to further price declines. 4. Retest Area or Rise from Here?: - Two potential scenarios are illustrated in the analysis: - Bullish Scenario: After reaching the trendline, the price could pull back and move upward. - Bearish Scenario: If the trendline support is lost, the price may decrease further and move toward lower areas (around 140). 5. Strong High Area: - This area is marked as a very strong resistance above the price, which, if broken, could lead to significant upward movement, potentially reaching the range of 164 and above.
by ScorpionX_Co
1
SOLANA WILL NEVER UPDATE ATH AGAIN !?📣 Hello everyone! - I bring to your attention my very long-term view of the SOLANA coin exclusively from the point of view of TA, namely Elliott wave theory. Brief explanations: 1️⃣ The pulse five of the secondary wave level ended in November 2021, marking ATH at $259.90, and (1) of the primary wave level is already on my chart there. 2. After a very powerful bullish impulse, a long-term correction began, and judging by the fact that the impulse five has already passed in wave-a, which ended at the level of wave-4 triangles, I assume that at least we can count on the ABC zigzag, the ultimate goal for which is the 618th fiba - 8$ for a coin 3 . Looking ahead, I am inclined to believe that there will most likely be a double zigzag WXY for 5 years, and the final goal of the correction wave (2) of the primary wave level is $ 3 per coin. In this case, in the future bull market, SOLANA will not update its ATH of $ 259.90, and we will only see a good pullback in wave-X, and after the bull market ends, the coin will go in search of its next bottom. It will be possible to speak more specifically about the confirmation or refutation of this wave marking only after wave-b of the first zigzag has passed and the goal in wave-c at level 8 has been achieved. Why Solana may NEVER update ATH 259.90$ again? - Everything is very simple here, the pulse wave (3) of the primary level may simply not start, and the reasons here will be fundamental - the project will simply be dead and no one else is interested, this is the death of the instrument and many coins are waiting for it, not only SOLANA. If the project is really alive and developing, after such a long bear market, it is likely that we will see the start of wave (3) of the primary level and new price records. 🤑 What is it now? - medium-term: As I said above, I think that the fall has most likely ended and the growth within 3-6 months to at least $ 60 looks quite real, the maximum in the most optimistic scenario I see $ 90, I think that most likely this level will not be broken at the 1M half, only punctures. ⚠️ And in conclusion, I wish you good luck in making your own deliberate trading decisions and profit ✊ Bye!
by AnonymousTraderAcademy
2
Solana 18% gain may reverse: analysisAfter posting an impressive 18% rally over the past 30 days, Solana’s (SOL) price now faces the risk of a deeper pullback that could wipe out a substantial portion of those gains. On Wednesday, October 15, SOL attempted to retest the $160 level but failed to break through. The cryptocurrency is now on the verge of falling below the critical $150 support level. If SOL dips beneath this region, this analysis indicates that the drawdown could result in the asset ending October with a net negative return. In August, when SOL reached the $153 mark, it quickly lost 15% of its value, dropping to $129.35. September saw a similar pattern with a 12% decline, while October followed suit with a 10% drop under comparable conditions. If this pattern continues, Solana could be facing another double-digit decline. The indicator reinforcing this bearish outlook is the Chaikin Money Flow (CMF), which measures the volume-weighted average of accumulation and distribution. A higher CMF reading signals stronger accumulation, while a lower reading indicates increased distribution. On the daily chart, the CMF has dropped below the zero signal line, signaling that Solana is facing heightened selling pressure. If the current trend continues, this further supports the forecast of a potential double-digit decline in SOL’s price. If negative scenario plays out, SOL could see a 10% decline to $136.07, echoing the price movement seen between October 1 and 3. In an even more bearish scenario, if selling pressure intensifies, Solana might experience a further decline, with its price dropping to $125.02. Conversely, if SOL manages to hold above the $150 support, a rebound could be on the horizon. In this case, Solana might rally toward $173, a level it hasn’t reached since July.
Long
by paul_endeo
SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DCFX-TA
1
SOLUSDTFibonacci Retracement: The SOLUSDT chart applies Fibonacci retracement from the high at 259.90 USDT to the low at 3.44 USDT. Currently, the price is near the 78.60% retracement level at 125.27 USDT, which acts as a strong resistance. If the price breaks above this level, the next target is the all-time high near 259 USDT. Stochastic RSI: The Stochastic RSI indicates an overbought condition (above 80), suggesting that a potential price reversal or at least a small correction might occur. This is especially important given that the price is near significant resistance. MACD: The MACD shows a bullish signal, but the signal lines are still close together, indicating that the bullish momentum is not yet strong. If the histogram turns more positive, we might see stronger upward momentum. Pattern and Candlestick: We can observe an ascending triangle pattern that has been broken to the upside, which is a bullish sign. However, the price is still hovering around the 78.60% Fibonacci resistance. A clear break above this resistance could lead to further rallies. Probability Based on Global News: Global market sentiment, such as regulatory developments in the crypto space, Solana (SOL) adoption, and macroeconomic conditions, could influence the price. If positive sentiment prevails, SOL could continue its upward trajectory.
Long
by betebangetgue
Stoploss Hunting is RealIn the provided chart there is a very clear bullish long term cup and handle chart, on top of that there is a sudden spike run as expected that verifies the bullish setup. Due to extreme bullish premise of the chart the consolidation area can be analyzed as the flag and the previous run as the pole, so what is the next expectation? You got it, it is another pole since the price crossed above the consalidation area top, but there is a catch. In the context of trading, stop loss hunting refers to the strategy where large market players intentionally push the price of an asset to a level where they believe a significant number of stop loss orders have been placed. This movement often triggers these orders, leading to a rapid, often artificial, price decline or spike. For traders who set these stop loss orders, this can result in the premature closure of their positions, typically at a loss, which otherwise might have been profitable. This tactic is particularly effective in environments with clear technical patterns, as they offer predictable points where stop losses are likely to be concentrated. As the price reaches these critical points, the sudden surge in selling or buying activity, precipitated by the triggered stop losses, allows the hunters—often institutional investors or large-scale traders—to enter or exit positions at favorable prices, capitalizing on the artificial volatility they've helped create. Thus, while the chart suggests a bullish continuation, traders must be wary of such manipulations that can disguise themselves as normal market retracements or consolidations.
by mertenes3
1
Solana Faces Resistance at $160, Seeks Liquidity Between $132 anSolana (SOL) is currently in an interesting price range for investors looking for liquidity opportunities. The asset may retreat from the $153 level towards lower levels, seeking liquidity in the $137 to $132 range, offering a potential entry point for short-term investors. However, the asset is facing significant resistance around the $160 mark, which has been challenging to surpass in the current market environment. Despite this difficulty, Solana shows promising long-term potential, supported by its robust technological infrastructure and increasing adoption in the blockchain market. Investors with a more patient profile might view this phase as a strategic positioning opportunity, with an eye on potential future gains.
Short
by space_cash
Waiting for a Buy Opportunity at SOL Support ZoneSOL/USDT is currently trading around 156.19 USD, and I’m keeping a close eye on its price action. After a solid bounce from the key support level at 151.46 USD, I expect it might consolidate for a while between the resistance at 159.52 USD and the support around 153.12 USD. If the price pulls back to the 151.46-153.12 USD zone, I see that as a strong buying opportunity, especially since it lines up with the 0.618 Fibonacci retracement level. This level often acts as a significant support in uptrends. In the short term, I’m anticipating some sideways movement before we get a potential breakout above 159.52 USD. If that happens, my target would be the next key level at 167.13 USD, which aligns with the 1.618 Fibonacci extension. While there’s always the possibility of a pullback, the way the price has been moving lately makes me believe that the buyers are still in control. I’ll be watching the support zone closely for any signs of further bullish action.
Long
by Suyouu
SOLUSDT : How to trade ?The chart for SOL/USDT presents a bullish harmonic pattern (likely a Gartley or Butterfly), with the price currently sitting around $152.22 after a recent upward move. The "D" point, which forms the completion of the harmonic pattern, suggests that the price could be setting up for a potential reversal or continuation to the upside, targeting the key resistance level at $159.46. The green zone around $145.00 serves as a critical support level where buyers have previously stepped in. A breakout above the $159.46 resistance could signal a strong bullish continuation. However, if the price fails to break this level and reverses, it could retest the support zone. Traders should monitor this zone closely for any breakouts or reversals in the short term.
by Suyouu
Solana: New Lower High Being Established Solana is in the process of establishing a local lower high, which would indicate the end of the current price bounce. Good Monday my fellow Cryptocurrency trader, I hope you are having a wonderful day. A lower high at this point would signal the resumption of the bearish move; a bearish continuation. This continuation would be the continuation of the drop that started 18-March and was later continued late July. The next down-move would be the final drop of this correction and would likely establish the bottom and thus bullish dynamics. How far down it goes it is still speculation because it depends on how ready buyers are to enter the market and how strong the bears are. With that said, the main three support range are mapped on the chart. It will be very interesting to see how it all develop. Will it be a flash crash or a long drawn out drop? Leave a comment with your thoughts. Thank you for reading. Namaste.
Short
by AlanSantana
6
SOL ANALYSIS🚀#SOL Analysis : What Next ??💲💲 ✅As we can see that #SOL is trading in a "PARALLEL CHANNEL" since many days. There is an instant resistance zone and if #SOL breaks the resistance then we would see a bullish price movement 🔰Current Price: $154.80 🎯 Target Price:   $185 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Solana (SOL) eyes $210 as amid make-or-break resistanceSolana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation. Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend. Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher. If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March. However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
Long
by paul_endeo
SOLUSDT/ PERPUTUAL / H1 / SHORTSOLUSDT may come down from the bearish order block. BEARISH ORDER BLOCK :- 150.49 AND 148.14 BULLISH ORDER BLOCK :- 137.25 AND 135.33 I analyzed the chart using SMC trading strategy. there is high probability that thee price comedown from the bearish order block. and this trading strategy have high success rate and i have analyzed the BTC also it was also near Bearish order block. so we can proceed with this. My analysis shows that :- Entry price :- 148.11 Take profit :- 147.33 Stop loss :- 153.89
Short
by PraveenTrader1