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SOLUSDT trade ideas

SOL - 1D Elliott Wave AnalysisWe assume that the blue Wave 4 has bottomed at the 20th December and we might have started blue Wave 5 which could form the bull market top. We did add an alternative count due to the strong selling pressure in recent days. Additionally the blue Wave 4 touched the 0.5 FIB at 178.12 USD which is a deep but valid retracement for a Wave 4. In the alternative case we'd assumes the move up from the low of green Wave 4 was only a pink Wave 1 and we are currently working on pink Wave 2 or have finished it. The support for this pink Wave 2 is between the 0.5 FIB at 170.54 USD and the 0.886 FIB at 121.57 USD. Noteworthy is that the low at 178.12 USD of the 20th December could also be the pink Wave 2. Next target is the 1.618 FIB at 313.60 USD and after more clarity we can add further targets. We did add some bull market top targets which start at the 1 to 1 FIB at 372.90 USD. The 1 to 1 FIB is considered the minimum target the blue & green Wave 5 should hit. We do consider further extensions as likely because there is a bullish sentiment around Solana. Additionally memecoins are quiet hyped and plenty of them run on the Solana network which can add fuel to a price surge of Solana. Additionally the 5th Wave of a bull markets tend to be euphoric and driven by hype and FOMO which increase the probabilities for an extensions. Be aware that it is not a given. Further targets are the 1.236 FIB at 497.41 USD, the 1.382 FIB at 594.46 USD and the 1.618 FIB at 792.96 USD. The 1.236 FIB at 497.41 USD does overlap with the 2.382 FIB at 518.29 USD, the 1.382 FIB at 594.46 USD does overlap with the 2.618 FIB at 599.20 USD and the 1.618 FIB at 792.96 USD does with the 0.618 FIB at 833.60 USD. After the short term price actions get more clear we can look at the smaller timeframe targets and see if they do overlap with any of the bigger timeframe targets. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
SOL's situationSOL has crafted an Inverse cup and handle pattern which is gonna Decrease the price. the break out has not happened yet! we can't be sure about the bearish movement yet cause no break out has happened! Support zones are shown on the chart. the strongest support zone is the ultimate comeback point for SOL if things go south. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Short
by CRYPTONIC_trend
SOL/USDT Critical Support Zone in Play Is a Bounce Imminent?SOL/USDT Analysis Price is nearing a key support zone around $185 - $175, which has historically acted as a strong demand area. It is crucial to wait for the price to reach this support level and observe for bullish confirmation (e.g., a bullish candlestick pattern or reversal signals). If the price holds this level and bounces, we can expect a significant recovery toward the **$210 - $220** range. A break below $175 would invalidate this setup and could lead to further downside. Strategy 1. Wait for a clear bounce off the support zone before entering a long position. 2. Set initial targets at $210 and $220, with stop loss below $175 for risk management. Keep this chart on your watchlist and monitor price action near support!
Long
by wolfchemist
2
SOL | Waiting on ETH for NEW ATHSolana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021. As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind. We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis. ___________________ BINANCE:SOLUSDT COINBASE:BTCUSD
Long
by CryptoCheck-
SOL - 1D Elliott Wave AnalysisSol seems to have finished blue Wave 4 and started working on blue Wave 5 which would probably mark the bull market top. In case blue Wave 4 isn't finished and we drop lower we need to reconsider the count but we added a potential support area sitting between 173.58 USD and 122.14 USD. Assuming blue Wave 5 started we are looking for a five wave move up now market as white. Next targets for this move up would be the 1.618 FIB at 265.73 USD which we barely missed in November when we made a new ATH. Further targets are the 2 FIB at 300.16 USD, the 2.382 FIB at 334.59 USD and the 2.618 FIB at 355.85 USD. After we get more clarity on the shorter timeframe we can calculate further targets. We wouldn't be surprised if we overshoot the mentioned targets and get some extensions as Solana is quite hyped and plenty memecoins are launched on the Solana network which could lead to a stronger surge in the price of Solana during the end stages of the bull market. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
7
Phemex Analysis #50: How to Trade SOLANA Like A ProSolana ( PHEMEX:SOLUSDT.P ) has been relatively subdued during the recent November and December 2024 bull run, rising approximately 100%, a stark contrast to its explosive growth of over 1000% during the October 2023 to March 2024 rally. However, the fundamentals of Solana remain robust, with its Total Value Locked (TVL) increasing from $0.3 billion in October 2023 to an impressive $9.5 billion today—a staggering 3166% rise. This demonstrates that Solana’s ecosystem is stronger than ever. In this article, we’ll analyze possible scenarios for SOL’s price movement over the next few days and provide actionable trading strategies to help you trade like a pro. 1. Bullish Breakout Scenario Since January 1, 2025, SOL has rebounded by 17%, currently consolidating around the $210 level as it gathers momentum for its next potential move. If SOL manages to break through the $234 resistance level and subsequently surpass $247, there’s a high probability that it could continue its upward trajectory and form a new all-time high (ATH). This bullish momentum could be fueled by developments such as the launch of Solana ETFs or advancements in AI agent integrations within its ecosystem. Trading Strategy: If SOL breaks above $234 with high trading volume, consider opening a Long position. And set your stop-loss at $210 to manage risk effectively. Remember to monitor key news or announcements that could act as catalysts for further price surges. 2. Bearish Drop Scenario On the downside, if SOL fails to hold above $210 and breaks below this level with significant volume, it could trigger a drop toward the $180 or $175 support levels. Should overall market sentiment turn bearish—especially if Bitcoin also declines—SOL might test deeper support zones at $155 or even $135. Trading Strategy: For advanced traders, consider opening a Short position if SOL drops below $210 with substantial volume. Take profits at key support levels such as $180 or $175. For long-term holders, these levels ($180, $175, $155, and $135) present potential buy-the-dip opportunities based on your risk tolerance. Key Considerations for SOL Traders I. Fundamental Strength: Solana’s growing TVL and ecosystem development are strong indicators of its long-term potential. Keep an eye on updates such as ETF launches or institutional adoption. II. Technical Indicators: The Relative Strength Index (RSI) is currently above the midpoint, signaling potential bullish momentum. Watch closely for price action around key resistance levels ($234 and $247) and support levels ($210, $180). III. Market Sentiment: Recent data shows a net inflow of $224 million in SOL to centralized exchanges over the past week—a trend that could signal increased selling pressure or preparation for derivatives trading. Be cautious of sudden shifts in sentiment. Conclusion Trading SOL like a pro requires adapting your strategy to evolving market conditions. Whether you’re aiming to capitalize on a bullish breakout or hedge against a bearish drop, understanding key price levels and market dynamics is crucial. Always combine technical analysis with fundamental insights and practice disciplined risk management. By staying informed and prepared for multiple scenarios, you can navigate Solana’s market movements with confidence and precision. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
1