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SOLUSDT trade ideas

$320's easy pickings for SOL this run but can it hit $400?The chart illustrates a strong technical setup for Solana (SOL/USDT), showing a Cup and Handle formation alongside a fractally repeating pattern with hidden divergences in the RSI. Here’s a closer look at the critical elements and price projections: 1. Fractal Pattern & Hidden Divergence • At the beginning of the chart, there’s a fractal pattern that led to a parabolic rise in price during the 2021 bull market. • The hidden divergence seen in the RSI at that time highlighted a strong bullish momentum, with price making higher lows while the RSI made lower lows. This bullish signal preceded a significant price increase, reinforcing the fractal’s reliability. 2. Cup & Handle Formation • The most notable pattern is the Cup and Handle structure, which is a highly reliable bullish continuation pattern. This is a textbook formation where the price consolidates in a rounded bottom (cup) before a smaller consolidation (handle). • Currently, the price is emerging from the handle, and if this breakout confirms, it could result in a large upward movement. 3. Hidden Divergence (Again) • In the recent price action, there’s another hidden divergence in the RSI, similar to the previous fractal. This is a strong bullish signal, suggesting the current price movement may follow a similar path as the earlier parabolic rise. 4. Fibonacci Extensions & Price Projections • Fibonacci retracement levels provide key price targets: • 90% to ATH at $260.04: This level marks the approach to Solana’s previous all-time high, which could act as significant resistance. • 140% to new ATH at $326.66: This is the projected price target for the full realization of the Cup and Handle breakout. • 200% to Cup & Handle target at $400+: The ultimate bullish target lies around $400, based on Fibonacci 1.618 extensions, aligning with a major upside projection if the breakout sustains. 5. Price Projections • Short-Term Outlook: The price is currently testing the breakout zone from the handle. If confirmed, we could see a quick move toward $260 (previous ATH). • Medium-Term Outlook: Breaking past the ATH will set the stage for the next significant resistance at $326.66 (140% extension). • Long-Term Outlook: If bullish momentum continues and the fractal plays out, a $400+ target (200% extension) is achievable in a major bull run scenario. Conclusion The Cup and Handle pattern combined with the hidden RSI divergence and fractals suggests a high-probability bullish scenario for Solana. The key levels to watch are $260, $326, and ultimately $400+. As always, confirmation of breakout volume and broader market trends will be crucial for sustaining these bullish targets.
Long
by Blockbullder
SOL Short Term CupThere's cup formation probability in the short term view of Solana. When we look at the chart we can see it by looking at candle contacts easily. Below $137 shows cup bottom area. If price can break it up it will reach to cup completion zone between $155 - $162. For the succesful cup, price has to break $162 without any rejection and need retest after break out there. First we need to see $137 breaking to consider long and safer move in my opinion. Then let's drive this cup!
Long
by huecoshunter
Solana shows signs of recovery: what's next?Solana’s (SOL) price nearly broke below its crucial support level of $126. Since early March, this support has prevented a significant drop in price. However, the cryptocurrency is now showing signs of recovery. Investors are keen to determine if SOL is on the verge of a price rally, especially as technical indicators point to a potential upward movement. The Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of capital into an asset, is currently showing a notable uptick for Solana. This is a strong sign that the cryptocurrency is seeing consistent buying pressure, which could be a precursor to a price rally. However, despite the uptick, netflows remain negative, indicating that there is still some outflow of capital, which could limit the strength of this momentum. Solana’s price has been fluctuating between $186 and $126 over the past several weeks. Short-term consolidation is occurring under the $160 level, with the current price of $134 hovering around the local resistance of $137. To maintain upward momentum, SOL needs to break through this local resistance. Given the strong technical indicators, including the CMF and MACD, it’s likely that Solana will flip this $137 barrier into support and bounce higher. If this happens, the next target for the altcoin is $155, followed by a more critical resistance level of $160. Surpassing $160 could open the door for further price gains. However, if Solana fails to break above $137, it could fall back to its previous support at $126. This scenario would invalidate the bullish thesis and may lead to prolonged consolidation, trapping the price within a tighter range.
Long
by paul_endeo
SOLUSDT.1DAnalyzing the daily chart for SOL/USDT, I observe a price of $133.18, reflecting a decrease of 1.81% for the day. The chart demonstrates a pattern of fluctuation within defined support and resistance levels. The Moving Average Convergence Divergence (MACD) is showing a significant bearish trend as the MACD line is below the signal line, and the histogram supports this downward momentum. This suggests that the bearish sentiment has been strong in recent trading sessions. The Relative Strength Index (RSI) at 40.90 is leaning towards the lower side, indicating that SOL may be approaching the oversold territory. This could suggest a potential for price stabilization or a slight rebound if buyers start to see value at these levels. From the chart, the key support (S1) and resistance (R1) levels are identified at $116.96 and $164.23, respectively. The current price sits just above the S1 level, indicating that this is a critical point for SOL. If the price sustains above this support, it may signal that the market is not ready to push prices lower. However, a break below this level could lead to further declines towards the second support (S2) at $93.66. In conclusion, the market sentiment for SOL is currently bearish, but approaching key support levels might provide a test for this sentiment. Traders should monitor these levels closely for potential buying opportunities if the price shows signs of holding above support, or conversely, prepare for a deeper sell-off if these supports fail to hold. The next significant movement will likely be determined by the market's reaction to these support levels.
Long
by MarsSignals
SOLUSDT, Wed 11 Sep, PM Session???Nice Movement. If you, the price hit the 50% Fibo and start to rally up!. Respected the FVG(15m TF) very well. Its Lunch Time, so still waiting and watching till Pm Session. I am watching and seeing How far the price goes up and which "High" , it hits!!! NY Session` High or today`s High... and then watch the short setup will be form or not (In the end of PM Session, After 14:45)! I do not rush. If I dont trade today, I be sure that tomorrow can have a High-Probility short situation will be form. Lets See! Note: To see how nice the price movement, watch the price in 1m Time fraim!
Short
by kevin13433
SOL Trends Sol price was moving between white-blue uptrend channels since Dec. 2023. So there was a clean uptrend path in this direction. But then, price broke white uptrend channel on August first time. Then it moved inside of it for few weeks before it drop below it. Red downtrend channel working well as resistance for the price since Solana's $210 times. When the price reached this red channel it rejected there everytime so far. Now price is currently inside of it. If the price can break this channel up it can continue to white uptrend channel for the retest move. In this case, that retest would point $158- $160 in price. Or this red downtrend channel will work as a resistance again and will push the price down.
by huecoshunter
Solana is going to $170. Here's why:In the weekly chart, the SOL price trend shows constant support from the 50% Fibonacci level at $129.87 and the 50 weekly EMA. Currently, the weekly chart reveals a consolidation phase between the 78.60% Fibonacci level at $198 with the bottom support of 50% Fibonacci level. The lower high formation within the consolidation range reveals a weakness in the bullish momentum. However, the recent possibility of a morning star pattern near the crucial support teases a new bullish cycle. The DMI indicator in the weekly chart reveals an indecisive trend between the VI lines. Further, a declining trend is visible in the ADX line during the SOL price consolidation phase. Hence, the momentum is declining, but the trend still needs to be decided. A bullish cycle will reveal a positive alignment in the VI lines, and a potential uptick in the ADX line will help sustain the uptrend. Using the trend-based Fibonacci level, the SOL price uptrend shows the next resistance at 23.60% at $173. The next resistance lies at the $200 ceiling and the $224 mark. Meanwhile, a Solana whale recently scooped 34,807 SOL tokens, amounting to $4.52 million. This is part of a larger accumulation strategy, with the whale having withdrawn nearly 206,951 SOL tokens worth $29.3 million. This puts Solana in the bullish spotlight for the next month.
Long
by paul_endeo